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 for an upgrade of Renfe’s passenger and cargo trains. A...Read moreRenfe 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 of 17.5 million Euros. Renfe will organise the sale via an...Read more
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 select the partnering company. This assessor is a working group consisting...Read more
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 rail freight industry´s incomes totalled 290 million Euros, way...Read moreSpanish 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 transport strategy. Iñigo de la Serna, Minister for Development, said there...Read more
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 Portuguese port of Sines. This service will have stops in...Read more
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 the US-based audit company. Grant Thornton will drive Renfe´s sale of...Read more
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, compared to the same period last year. The company reported...Read more