SWISS intermodal operator Hupac announced on May 2 that it has reached an agreement with Genesee & Wyoming to acquire the entire issued share capital of rail freight operator ERS Railways for €10.4m.

German Rail’s (DB) CEO Dr Richard Lutz set out his vision for DB in the wake of the formation of a new federal government, at the national railway’s annual results conference in Berlin on March 22.
David Briginshaw analyses DB’s performance and future ambitions.

IN an effort to spur interest from the supply sector, Norwegian infrastructure manager Bane Nor has revealed further details of the investment priorities for the NKr 120bn ($US 15.08bn) it is set to receive from the government’s National Transportation Plan between 2018 and 2023.

AUSTRIAN Federal Railways (ÖBB) earnings reached their second-highest level in the company’s history in 2017, according its annual results, which were published on April 26.

SWITZERLAND’s second-largest railway BLS published its annual results on April 19, revealing that the company’s rail, bus, and lake shipping services had breached the 1 billion passenger-km barrier for the first time.

GROWTH in the business market and a further rise in travellers from the United States have helped Eurostar to achieve record first-quarter ridership, according to the latest figures from the international high-speed operator.

THE French prime minister, Mr Edouard Philippe announced during a visit to the Bonneuil-sur-Marne freight terminal in southern Paris on April 16 that French National Railways’ (SNCF) loss-making rail freight unit Fret SNCF will be recapitalised and spun off as a separate legal entity, albeit with SNCF retaining 100% of the capital.

HAMBURG-based Paribus Group has sold its Northrail Technical Service locomotive maintenance subsidiary to traction leasing company Railpool.

THE board of bus and rail operator First Group has unanimously rejected a cash offer from US equity firm Apollo Management to buy the company, saying the offer “fundamentally undervalues the company and is opportunistic in nature.”

HQ Equita has agreed to sell its MEN Mikro Elektronik IT subsidiary to Deutsche Beteiligungs which will result in the merger of MEN Mikro Elektronik with Deutsche Beteiligungs’s Duagon Holding subsidiary.