Business

A freight train of CD Cargo

Czechia to privatize national freight operator

Czech government intends to privatize CD Cargo, national railway freight carrier and subsidiary of Czech Railways. This idea was revived by Dan Ťok, minister of transport of the Czech Republic. According to Ťok CD Cargo...Read more
|Comment|author: Mykola Zasiadko
VTG/Innofreight. Image: VTG

VTG completes acquisition of Nacco Group

Railcar leasing company VTG has completed its acquisition of Nacco Group. Per 1 October, its fleet of wagons increased from 11,000 to 94,000. The takeover was first announced on 1 July 2017. The complete acquisition includes...Read more
|Comment|author: Majorie van Leijen
Image: JSC Russian Railways

Russian Railways to purchase 5 thousand locomotives

JSC Russian Railways (RZHD) will purchase 5 thousand locomotives until 2025. This strategic plan was announced by Oleg Valinskiy, deputy CEO of Russian Railways, at the International Transport and Logistics Forum PRO//Movement.1520 last week. This year...Read more
|Comment|author: Majorie van Leijen
Portuguese railway. Photo: CP

Portuguese CP to acquire 24 new locomotives

The Portugese national railway company CP is to buy 24 new locomotives: 12 electric-powered and 12 electric and gas-powered vehicles. In total, it will spend 170 million Euros on the purchase. CP needs this equipment due...Read more
|Comment|author: Jose Gutierrez
Joan Blaas, owner Promedia Group

ProMedia acquires new titles in mobility sector

ProMedia Group has extended its portfolio to the entire mobility sector by acquiring several titles from MYbusinessmedia. The deal goes in effect today, 1 October 2018. ProMedia Group is now the new publisher of the leading...Read more
|Comment|author: Majorie van Leijen

Intermodal Spanish-French alliance to acquire Primavia

The European Commission (EC) has authorised the aquisition of the Spanish transport company Primavia by Krone-MurServifrio, also from Spain and SNCF subsidiary Europe Intermodal Holding (EIH). Krone-MurServifrio is the owner of Primafrio, a Murcia-based road transport...Read more
|Comment|author: Jose Gutierrez