More traffic, less income for Renfe Mercancias
The Spanish rail freight company Renfe Mercancías witnessed a slight increase in traffic volumes despite its financial losses in Q1 2019. The volumes surged to…
Spain to invest 3 billion Euros in new trains
Spanish railway undertaking Renfe will start acquiring new trains in 2019 with a budget totalling 3 billion Euros. This is part of a larger project, aiming…
Renfe to sell 71 locomotives and 1,434 wagons
Spanish national railway company Renfe is planning to sell 71 rail freight locomotives and 1,434 wagons. The total fleet must earn the company a minimum…
Renfe Mercancías to start partial privatisation
Renfe Mercancías, the freight arm of the Spanish national rail company Renfe, is ready to enter a partnership. It has contracted an external assessor to…
Market share fall for Spanish rail freight
Rail freight had only a 1.4 per cent market share in the Spanish transport market in 2016, according to the Anti-trust Spanish Authority (CNMC). The…
Spanish government incentivises truck to train shift
The Spanish Ministry of Development has announced a plan to incentivise the modal shift of truck traffic to rail freight, as part of a five-year…
Medway and Renfe prepare new Cordoba-Sines rail link
Portuguese rail freight Company Medway and Spanish carrier Renfe Mercancias are preparing a new service between Cordoba, in the Spanish region of Andalusia, and the…
Renfe Mercencias appoints Grant Thornton as financial assessor
Renfe Mercancias has contracted Grant Thornton as financial advisor to develop its budget cut plans. The Spanish rail freight operator will pay 152,400 Euros to…
Renfe Mercancías cuts losses by 46.5 per cent
Renfe Mercancías, the rail freight subsidiary of Spanish National Railway Company Renfe, witnessed a significant improvement of business results in the first half of 2017,…