Freight news – Page 142
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NewsCIT expands into Europe with acquisition of Nacco
EUROPE: US asset financing company CIT Group Inc announced its acquisition of European wagon leasing business Nacco SAS for undisclosed terms on February 3. Nacco has its headquarters in Paris and subsidiaries in Hamburg and Crewe. It owns more than 9 500 wagons, which are leased to more than 150 ...
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NewsSwitzerland to fund Italian gauge enhancement
EUROPE: An agreement for Switzerland to fund gauge enhancement works to provide clearance for 4 m high semitrailer traffic from freight terminals in northern Italy to the Swiss border was signed by the two countries' transport ministers on January 28. Switzerland is aiming to encourage road freight to switch to ...
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NewsCFM takes delivery of GE locomotives
MOZAMBIQUE: Deputy Minister of Transport & Communications Eusébio Saíde unveiled the first four of 10 GE Transportation C30ACi diesel locomotives for Caminhos de Ferro de Moçambique on Janaury 29. The 1 067 mm gauge locomotives were ordered in 2011 at a cost of US$41·2m for use on passenger and freight ...
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NewsFlorida East Coast orders 24 GE locomotives
USA: Florida East Coast Railway announced an order for 24 GE Transportation ES44C4 Evolution Series locomotives on January 30. 'These locomotives will provide the fuel-efficient power we need to support the current operations and future growth of the railroad,' said Fran Chinnici, Senior Vice-President of Mechanical, Engineering & Purchasing at ...
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NewsPatriot Rail launches Blue Ridge Railcar Repair
USA: Short line group Patriot Rail is to relaunch the former Alderman Railcar Services wagon repair and cleaning business under the name Blue Ridge Railcar Repair during February, having acquired the assets at the end of 2013 after Alderman entered Chapter 11 bankruptcy proceedings. The workshop in in Keysville, Virginia, ...
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NewsLithuanian Railways orders 20 shunting locomotives
LITHUANIA: National railway LG has ordered a further 20 Transmashholding TEM TMH shunting locomotives for delivery at monthly intervals from the end of January. Final assembly is to be undertaken at LG's Vilnius depot. Developed by TMH's Bryansk plant in conjunction with CZ Loko, the TEM TMH is based on ...
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NewsMining companies could share Liberian railway
LIBERIA: The government of Liberia is to convene discussions this year which could lead to Sable Mining exporting iron ore from neighbouring Guinea using the 273 km Yekepa - Buchanan line. The former Lamco railway was rehabilitated by ArcelorMittal and operations restarted in 2011 under a 2006 mineral development agreement ...
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NewsGreat prospects in sight at Tazara
AFRICA: Private finance from customers and stakeholders is to be sought to meet at least 15% of the cost of a five-year strategic investment plan which was approved by the Tanzania-Zambia Railway Authority board in December. Spending of US$211m is proposed in 2013-18, including US$177m targeted at increasing capacity. ...
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NewsMontreal, Maine & Atlantic Railway sale approved
NORTH AMERICA: The sale of the assets of the insolvent Montreal, Maine & Atlantic Railway to the Railroad Acquisition Holdings subsidiary of Fortress Investment Group for US$14·25m was approved by courts in Québec and Maine on January 23, following an auction on January 21. Subject to regulatory approval in ...
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NewsDeal to continue freight operations in New Brunswick
CANADA: The Province of New Brunswick and CN announced an agreement to ensure the future of freight services on two sections of the former New Brunswick East Coast Railway on January 24. The province is to provide up to C$25m for works to bring the infrastructure to the required operating ...
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NewsFirst Korean PowerHaul locomotive on test
SOUTH KOREA: National operator Korail has begun testing the first of 25 GE Transportation PowerHaul locomotives which are being built in South Korea. Designated Class 7600, Korail ordered the locomotives in 2011 from a partnership of Hyundai Rotem and GE Transportation. They are intended for use on passenger and freight ...
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NewsProject Marathon tests long freight trains
EUROPE: Fret SNCF, Kombiverkehr and RFF ran their first 1·5 km long freight train between Sibelin yard near Lyon and Nîmes on January 18, marking the start of the demonstration phase of the Project Marathon research programme. Three of Kombiverkehr’s regular intermodal trains between Germany and Spain were reformed as ...
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NewsTasRail TR Class locomotives on test
AUSTRALIA: The first two of 17 TR Class freight locomotives which Tasmanian state operator TasRail ordered from Progress Rail Services and Downer Rail in December 2011 have started acceptance and commissioning trials ahead of entry into revenue service. The next four locomotives are expected to arrive shortly. Intended for use ...
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NewsMore freight to run on High Speed 1
UK: DB Schenker Rail (UK) introduced additional freight services on High Speed 1 from January 13, carrying automotive components and refrigerated containers of perishable foodstuffs from Spain to London via the Channel Tunnel. DB Schenker Rail (UK) has a track access contract with HS1 for an initial six months, and ...
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NewsHŽ Cargo privatisation collapses
CROATIA: The planned sale of a 75% stake in HŽ Cargo has been abandoned following the collapse of negotiations with Grampet Group, the Ministry of Transport announced on January 13. A call for expressions of interest in the privatisation of the national railway’s freight business had initially ...
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NewsTrinity and Element form US$2bn wagon leasing alliance
USA: Wagon manufacturing and leasing group Trinity Industries and Element Financial Corp and have entered into a strategic alliance which aims to provide lease financing for up to $2bn of wagons over two years. An initial deal covering the sale of leased wagons worth $105m to Element was completed in ...
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NewsHusa Transportation to cease rail operations
NETHERLANDS: Husa Transportation Group has announced that it is to close down its Husa Transportation Railway Service rail freight activities, with the loss of around 75 jobs, disposal of 20 locomotives and planned sale of the HTRS Süd business in Germany. The group's other logistics activities are not affected. HTRS ...
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NewsVossloh delivers a train of locomotives
GERMANY: The first six of 16 Vossloh G6 three-axle diesel-hydraulic shunting locomotives ordered in December 2011 were delivered to chemicals company BASF in Ludwigshafen during December. Delivery of rest of the Kiel-built 671 kW shunters and four 1·2 MW DE12 Bo-Bo locomotives is scheduled for completion in February.
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NewsCanadian Pacific to sell part of Dakota, Minnesota & Eastern network to GWI
USA: An agreement for Canadian Pacific to sell the west end of its Dakota, Minnesota & Eastern line to short line group Genesee & Wyoming Inc was announced on January 2. Subject to Surface Transportation Board approval the sale is expected to close by mid-2014. The lines would be operated ...
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NewsIntermodal wagon order
EUROPE: AAE has ordered 300 Sggnss 80 ft four-axle intermodal wagons from Tatravagonka Poprad. They are to be leased to the Metrans subsidiary of Hamburger Hafen & Logistik, for use on North Sea port hinterland traffic. The single-unit wagons with two bogies offer more flexibility in the type of container ...