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Export duty on wheat from Russia enters in force

The new export duty on Russian wheat enters in force Wednesday, July 1. The rate is denominated in rubles /at the current exchange rate of RUR 55.8 per dollar/, reports TASS. The export duty will amount to 50 per cent minus RUR 5,500 per ton, but not less than RUR 50 per ton. At the same time the... 2015-07-01

Four shortlisted for London Overground concession

Transport for London (TfL) has shortlisted four companies for the next London Overground operating concession, reports GlobalRailNews. Arriva Rail London, LoKeGo, Metroline Rail and MTR will proceed to the next round of the competition for the new concession, which starts in November... 2015-06-30

Gazprom and Transneft included into extended sanction list - Canada’s Foreign Ministry

Russian oil majors Gazprom, Gazprom Neft, Surgutneftegaz and Transneft were included into the extended sanction list of Canada, Canadian foreign ministry said on Monday, reports TASS. Sanctions are also imposed against Russian companies Oboronprom, Chemcomposite, Stankoinstrument, Vysokotochnye... 2015-06-30

Chinese train-maker denies plans to buy Bombardier division

CRRC Corp., China’s largest train maker, currently has no plan to acquire Bombardier Inc.’s rail business, the state-owned company said in a filing to the Shanghai stock exchange, reports Motreal Gazette. Beijing-based CRRC said Monday’s filing was a response to recent articles... 2015-06-29

Italy keen to work more with with China in third countries

One crucial field in which the Sino-Italian relationship could develop further with mutual benefit is economic cooperation in third countries, representatives from Italy's economic and financial institutions recently said, reports Want China Times. Economic ties between Italy and China have... 2015-06-29

Tama, the cat that became a railway stationmaster in Japan, elevated as goddess at funeral

Tama the stationmaster, Japan’s feline star of a struggling local railway, was mourned by company officials and fans and elevated into a goddess at a funeral Sunday, reports The Associated Press. The calico cat was appointed stationmaster at the Kishi station in western Japan in 2007.... 2015-06-29

Iran building major port near Hormuz Strait

Iran is building a multi-purpose port near the Strait of Hormuz with 700 million euros of foreign investment, the state news agency IRNA reported on Thursday, reports Hellenic Shipping News. The new port on the shores of Suza on the Qeshm island “will definitely become a shipping hub for... 2015-06-26

Swedish train operator to convert fleet to biodiesel by 2020

Swedish operator Inlandsbanan AB has said it hopes to convert its entire fleet of passenger and freight vehicles to bio-diesel by 2020, reports GlobalRailNews. Inlandsbanan AB has received funding from the EU to assess the feasibility of converting its diesel trains to RME, a biodiesel... 2015-06-26

Russian Government toughens requirements for cheese and cheese products import under food embargo

The Russian Government toughened requirements for cheese and cheese products import under the food embargo, according to the government decree on extending the Russian counter-sanctions for one year through August 5, 2016, published Thursday. Thus, food products and final products made according... 2015-06-26

Maritime Union warns of further Calais strikes

The Maritime Union is asking its members in Calais to prepare for more strike action as it awaits answers about the restructuring of Eurotunnel's maritime business MyFerryLink. Industrial action yesterday by about 400 port workers, protesting plans to sell two of the company's vessels to Denmark's... 2015-06-25

French parliament backs fund for Holocaust train deportations

French lawmakers voted on Wednesday to create a $60-million fund to compensate Holocaust victims deported by French state rail firm SNCF to Nazi concentration camps in a move also intended to protect the company from future U.S. litigation, reports Reuters. About 76,000 Jews were arrested in... 2015-06-25

China’s One Belt One Road strategy takes to the air

The transportation focus of China’s One Belt One Road strategy has so far been on improving maritime and rail links with Europe, Asia and Africa, but Beijing this week brought aviation into the picture, and in a big way, reports JOC. Of the 193 civil aviation construction projects that are... 2015-06-25

Train firms told to prepare for strikes

  Rail bosses have been told to plan for up to 10 days of strikes over plans to introduce driver-only operation, reports The Gazette.   The report, by the Rail Safety Standards Board, has warned operators to prepare for five to 10 days of action over plans to remove rail guards from... 2015-06-24

Deutsche Bahn lowers profit goal as strike hits earnings

German rail operator Deutsche Bahn has lowered its profit target for 2015 after a strike that caused nationwide disruption weighed on earnings in the first five months of the year, Reuters reports referencing company documents, reports TASS. Bahn's earnings before interest and tax /EBIT/ in the... 2015-06-24

Railways and individuals face Lac-Mégantic charges

TRANSPORT Canada has uncovered serious violations under Canada's Railway Safety Act and the Fisheries Act in connection with the horrific 2013 oil train derailment in Lac-Mégantic, reports IRJ. The investigation found that an insufficient number of handbrakes were applied to the train... 2015-06-24

G6 launches direct Baltic call

The container carriers of the G6 alliance - APL, Hapag-Lloyd, Hyundai, MOL, NYK, and OOCL - have come to offer a direct service from the Far East to the Baltic Sea, reports TASS. The group announced today that its Far East-Europe loop 7, operated with Ultra-large ships of more than 13,000 TEU, is... 2015-06-23

Russian Railways to return into black in 2015

RZD is struggling to return to black in 2015, President of the company Vladimir Yakunin said at the XI Assembly of Chiefs of railways in Novosibirsk, reports TASS. According to the executive, breakeven operations is the main aim of the monopoly for the current year which would require all efforts.... 2015-06-23

Russian Ministry of Agriculture working out proposals on Russia’s response measures to renewal of sanctions by EU

The Russian Ministry of Agriculture is working out proposals on Russia’s response measures to renewal of sanctions by the European Union, Assistant Minister of Agriculture Ilya Ananyev said on Monday, reports TASS. "The Ministry of Agriculture is studying proposals on prolongation of the... 2015-06-22

Russia must take share of Chinese food market, although at first, it won't be easy

Russia has to become a major food exporter to China, said Agriculture Minister Alexander Tkachev at a panel session "Food Market - Russia's potential as a world leader" at the St. Petersburg International Economic Forum on Friday, reports TASS. "We will be able to earn some serious money, and take... 2015-06-22

Turkish locomotive developed with domestic technology

Tülomsa· - turkey’s railway rolling stock manufacturer - has rolled out a prototype electric locomotive designed and manufactured using Turkish technology, Railway Gazette reports.   Intended for shunting and short-distance light freight duties, the E1000 is a single-cab... 2015-06-18