THE Port Authority of New York/New Jersey Board of Commissioners announced on January 6 a $US 32bn draft 2017-2026 capital investment plan for public comment and review.
INDIAN Railways (IR) carried out an initial trial run with a piggyback train between Vasar Road and Boisar in Maharashtra state on January 5 as a precursor to a proposed roll-on roll-off service which will carry lorries between Kolad and Boisar.
FRANCE and Spain took control of the international high-speed rail link between both countries on December 21 after the contract with concessionaire TP Ferro was terminated following the company’s liquidation in September.
BRUNEL Project Cargo, Britain, a provider of complex freight and logistics services, is set to offer an inaugural China - London direct intermodal rail freight service from January 1.
SMBC Rail Services, a subsidiary of Sumitomo Mitusi Banking Corporation, has agreed to acquire American Railcar Leasing, the sixth largest wagon leasing company in the United States with a fleet of 34,300.
KIWIRAIL has announced plans to abandon electric haulage of freight trains on the Hamilton - Palmerston North section of the North Island Main Trunk line, which was electrified in the early 1980s.
THE European Commission (EC) confirmed on December 19 that a public funding scheme launched by the Italian government to encourage modal shift of freight from road to rail is compliant with European Union (EU) rules on state aid.
THE government of Bangladesh and Bangladesh Railway (BR) have agreed a memorandum of understanding with DP Rail, Britain, to design, finance, build, operate and maintain the new 240km Dhaka - Payra railway.
THE European Parliament voted to adopt the market pillar of the Fourth Railway Package at a plenary session in Strasbourg on December 14 in the final stage of a legislative process which will open Europe’s railway sector to greater competition.
EURO Cargo Rail (ECR), the French subsidiary of DB Cargo, announced on December 8 that it plans to shed around 300 jobs as it seeks to restore profitability in the face of challenging market conditions.