July 30, 2015

Israel appoints first GM to new railfreight company

Written by  Jeremaya Goldberg
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Israel Railways' container train. Israel Railways' container train.

ISRAEL's transport minister Mr Israel Katz has approved the appointment of Mr Kathriel Moriya as the first general manager of Israel Railways' new subsidiary Rail Cargo.


Moriya will now start to set up the administrative and managerial functions of the new company. It is planned to find a private investor to take a 51% stake in Rail Cargo, which will have exclusive rights to transport railfreight in Israel.

The objective of forming Rail Cargo is to expand freight logistics services to provide door-to-door services and offer ancillary activities such as storage, bonded warehousing, and freight dispatching. Rail Cargo's annual turnover is expected to exceed $US 80m by 2020.

Moriya, who was one of 25 candidates for the position, was finance and operational deputy general manager of Yes, a satellite communications company, and general manager of Yishfar Investments.

Kathriel Moriya GM Rail Cargo

Kathriel Moriya, GM Rail Cargo.

 

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