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Genesee & Wyoming to acquire Freightliner GENESEE & Wyoming (G&W) announced on February 24 that it has agreed to acquire a 95% stake in Britain's Freightliner Group from Arcapita and other shareholders for $US 755m in cash.
work-starts-on-delayed-ethiopian-project
ETHIOPIA's prime minister Mr Hailemariam Desalegn has laid the foundation stone to signal the start of the construction of the 447km Awash - Woldia - Hara Gebeya railway project. Turkish infrastructure firm Yapı Merkezi is carrying...
genesee--wyoming-to-acquire-freightliner
GENESEE & Wyoming (G&W) announced on February 24 that it has agreed to acquire a 95% stake in Britain's Freightliner Group from Arcapita and other shareholders for $US 755m in cash. G&W will assume around £8.5m...
iron-rhine-reopening-back-on-the-table
AFTER several frustrated attempts, the government of Flanders has once again raised the prospect of reopening the Iron Rhine, a direct rail link between the port of Antwerp and Mönchengladbach in Germany's industrial Ruhr region,...
rift-valley-railways-asks-court-to-stop-fuel-levy
RIFT Valley Railways (RVR), which holds A 25-year concession to operate the Kenya-Uganda railway, has asked the Kenyan High to stop the government from charging it the mandatory monthly fuel levy. The concessionaire, which is currently...
new-germany-sweden-intermodal-service-launched
GERMAN intermodal freight operator TX Logistik has begun operating a new Lübeck-Siems - Stockholm - Årsta intermodal service for German logistics firm Spedition Bode. The train known as the Alte Schwede (Old Swede) operates three times...
aurizon-half-year-profits-up-despite-traffic-drop
AUSTRALIAN railfreight operator Aurizon has increased net profit by 188% to $A 308m ($US 240m) for the first half of the 2014-15 financial year ending December 31 2014, compared with the first half of 2013-14,...
spanish-projects-chosen-for-european-rd-programme
THREE projects developed by Catalunya Railways (FGC) in cooperation with the Railgrup cluster and other Spanish organisations have been selected for funding from the European Union's Horizon 2020 research and development initiative. The three "smart...
db-and-gysev-plan-railfreight-partnership
HUNGARY's Györ-Sopron-Ebenfurth Railway (GySEV) is planning to form a joint venture company with German Rail (DB) to develop freight traffic from the Black Sea to Passau on the German/Austrian border. DB will hold a 51% stake...
strikes-peg-back-german-rail-freight-growth
GERMANY's railfreight operators failed to capitalise on growth in the overall freight transport market last year as strikes held back volumes, according to preliminary annual figures released on February 13 by the Federal Statistics Office...
oman-awards-project-management-contract
OMAN's Ministry of Transport and Communications has awarded a consortium led by Spain's Tecnicas Reunidas a $US 149m contract for project management consultancy on the 207km first phase of Oman's proposed 2135km railway network. The line...