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 all shares in Paris-based CIT Rail Holdings (Europe) SAS, the owner of the Nacco Group, which in turn is part of the American CIT Group....Read more
|Comment|author: Majorie van Leijen

Road or rail to the hinterland? Join the discussion

What are the optimal hinterland connections and which roles can different companies play in this? This and more will be extensively discussed on Thursday 25 October during the second edition of Hafen Hinterland Konferenz in Nuremberg,...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