POLISH rolling stock manufacturer Newag announced on February 2 it has secured a €17.5m contract to supply five E6DCF-DP Dragon electric locomotives to ING Lease Poland for use by open-access railfreight operator Freightliner PL.

PKP Cargo announced on February 2 that it had agreed terms with Lublin-based copper and silver miner KGHM Polska Miedź to acquire a 49% stake in its railfreight subsidiary Pol-Miedź Trans.

GHANA's junior transport minister Ms Joyce Mogtari says that a contract to rebuild the 330km eastern railway corridor will be awarded by the end of the year.

VOSSLOH Spain has secured orders worth more than €40m for 12 Euro 4000 six-axle diesel locomotives, which will be used by railfreight operators in France.

ITALIAN open-access railfreight operator Nordcargo has been rebranded DB Schenker Rail Italia, bringing it into line with other DB Schenker Rail subsidiaries outside Germany.

CANADIAN National (CN) has reported a net profit of $C 3.17bn ($US 2.55bn) in 2014, compared with $C 2.61bn in 2013. Operating income rose last year by 19% compared with the previous year to $C 4.62bn.

NORFOLK Southern (NS) announced its annual results on January 26, revealing record revenues for the fourth consecutive year despite a continued downturn in the coal business.

P&O Ferries announced on January 23 that it will begin work soon on a project to expand its rail hub at Rotterdam Europoort which aims to accommodate burgeoning traffic at the terminal.

UNION Pacific (UP) increased net earnings by 18% to $US 5.2bn last year, up from $US 4.4bn in 2013, while it says operating income was also up 18% at $US 8.8bn.