CargoUnit may purchase up to 100 locomotives from Siemens
The Polish locomotive leasing company CargoUnit may purchase up to one hundred Vectron MS and Smartron locomotives from Siemens Mobility. The two parties signed a framework agreement to that end. Thirty Vectrons and ten Smartrons...Read more
Ukrainian Railways scale-up rolling stock production
Ukrainian Railways is ready to take the next step in its in-house production of rail components. According to Daniil Hlushchenko, deputy director of production in the Ukrainian company, European-style grain trucks and universal freight cars...Read more
Sanctions cause locomotive shortage in Russia
Russian Railways (RZD) is facing a shortage of locomotives. The shortage is reportedly caused by a lack of importable spare parts due to Western sanctions. The situation has become particularly problematic in the fourth quarter...Read more
Dutch government to provide 24 million in ERTMS subsidies
The Dutch government will provide subsidies amounting to 24 million euros for the adaptation of rail vehicles to level 2, baseline 3 or higher of the European Train Control System (ETCS). The regulation is aimed...Read more
LDZ Cargo auctions 47 redundant freight wagons
Latvian Railways’ subsidiary LDZ Cargo will auction 47 freight wagons that have been excluded from the company’s inventory. The auction is scheduled for 12 December, with a starting price per rolling stock piece set at...Read more
LTG Cargo grows grain fleet with 500 new wagons
Lithuanian state-owned LTG Cargo is on track to increase its fleet of grain cars. The company aims to purchase 500 new grain wagons that will be used to facilitate cereal transport to and from the...Read more
Modalis acquires CCFC, launches Europe’s fastest intermodal wagon
Intermodal logistics solutions provider Modalis has announced the acquisition of Italian counterpart CCFC while also launching what it describes as “Europe’s fastest intermodal wagon.”Read more
Digital freight wagon sets out on UK trial
Leasing company VTG Rail UK and Knorr-Bremse Rail Systems have introduced Britain to what they call a digital freight wagon. The partners have unveiled an example of rolling stock that’s connected to more than just...Read more
EU rolling stock market grows: What are the trends and funding chances?
The EU rolling stock market will grow annually by 2-3 per cent until 2030, while the rolling stock fleet operated in Europe will grow by 2.1 per cent between 2020-2030. The global market will also...Read more
Italy gets 125 million euros to modernise rail fleet
The European Commission approved a state aid scheme to Italy for 125 million euros for companies purchasing new rail freight wagons and locomotives. The scheme will be valid until the end of 2025 and is...Read more
Investor’s eye: rail freight financing explained, tips and market outlook
INTERVIEWRail freight is among the fundamental investment pillars for Bayerische Landesbank (BayernLB), providing a good business case for at least the coming 20 years. In an extensive interview, Christoph Pasternak, Sector Head Rail and Bus,...Read more
MEDWAY: 45 million euros to expand into France
Portuguese rail freight operator MEDWAY is planning to expand its operation outside of the Lusitanian border. The company will in fact invest in rolling stock to deploy between Spain and France.Read more
“It’s practically impossible to destroy Ukrainian railway network”
The Ukrainian railways sector continues to develop, amidst an ongoing military conflict with Russia, and the associated massive damage to the country’s railways infrastructure. As Yulia Klimenko, Deputy Chairman of the Committee on Transport and...Read more
China supplies Pakistan with 70 freight wagons after friction resolves
State-owned Pakistan Railways received 70 new freight wagons supplied by China. The state-of-the-art wagons arrived in Karachi on Monday, 16 January. This is the first batch of China-supplied wagons this year, as Pakistan Railways expect...Read more
Renfe: 122 million euros to improve rail freight in Spain
Spanish national railway company Renfe will invest 122,7 million euros for the improvement of the rail freight transportation system. The funds will be used to acquire new, greener, rolling stock and to implement new technologies...Read more
VTG sells Russian business at what it calls a a geopolitical turning point
VTG has discontinued its Russian business activities and sold its corresponding business units. It cites “the war of aggression in Ukraine and the sanctions imposed on Russia” as the main reason. This affects both wagon...Read more
Sale of SNCF’s freight locomotive leasing company enters home stretch
SNCF is continuing its strategy of disposing of non-strategic assets after moving out of the red last year thanks largely to the €3.2 billion sale of its rail wagon leasing company, Ermewa.Read more
Wabtec brings new locomotive to Brazilian market
Equipment manufacturer Wabtec has launched a new diesel-electric locomotive for the Brazilian rail freight market. The ES44ACi model features new engine technology and rail operators Suzano, MRS and Rumo are set to receive first deliveries...Read more
Meet the AMPS all-battery electric locomotive
NEW LOCOMOTIVERail operator OmniTRAX has acquired its first all-battery electric locomotive, expanding capacity on its northern Ohio rail lines. The firm purchased the new GP9-based battery-electric switching locomotive from engine developer Alternative Motive Power Systems (AMPS)...Read more