Reciprocity principle will prevail in Russia’s response to prohibition of air transit across Ukraine

The principle of reciprocity will prevail in Russia’s response to prohibition of air transit of Russian air carriers across Ukraine, press secretary of the Russian President Dmitry Peskov said on Thursday, TASS reports. "This question should be addressed to the Federal Air Transport Agency.... 2015-11-26

Russian cabinet is not discussing food embargo against Turkey

The Russian government is not discussing a food embargo against Turkey, a source with the cabinet told TASS. "The food embargo with regard to products from Turkey is not discussed by the government," - the source told the agency when answering a question about the consequences of the recent... 2015-11-26

Rail monopoly news: UK, DE and FR politics dumps the single market in rail

At the time when UK Prime Minister David Cameron sets out his negotiating position with the rest of the EU to ‘protect the single market’ and ‘boost competitiveness’, his Government is doing precisely the opposite by participating with what looks like a grubby deal to... 2015-11-24

Lithuanian Railways and China Merchants Logistics Holding to establish JV

Lithuanian Railways and China Merchants Logistics Holding have signed an agreement to establish a joint venture specialising in forwarding and logistics services. The new company, which is expected to launch operations in the first half of 2016, will provide freight forwarding... 2015-11-24

Netherlands tops EU’s Transport Scoreboard 2015

The European Commission has published the second edition of the “EU Transport Scoreboard“, a benchmark which compares how Member States perform in 29 categories covering all aspects of transport. The objective of the Scoreboard is to help Member States to identify areas requiring... 2015-11-23

Tender to privatize Izmir’s Alsancak Port to be held in 2016

The tender to privatize the Port of Alsancak in the western province of ·zmir, which handles the largest share of the country’s exports, will be held in the first half of 2016, Daily Sabah reports, referencing a statement released by the Chamber of Shipping, TASS reports. According to... 2015-11-19

Korean minister speaks against Hyundai-Hanjin merger and plans to support carriers with funding to add mega-ships

South Korea's new Minister of Oceans and Fisheries Kim Young-suk said Hanjin and Hyundai Merchant Marine /HMM/, the country's two biggest shipping companies, need ultra-large container ships in order to be competitive, reports TASS. Speaking at his first press conference since he took office on... 2015-11-19

Golden Chariot in Vienna

Ceremony of Golden Chariot International Transport Award was held in Vienna, November 11, 2015 within the framework of the XXIV-th session of CCTT. This time were received nine awards in various categories. It should be noted that the Korean Railroad Corporation (KORAIL, OSJD affiliated... 2015-11-18

Nomad Digital establishes 10-year partnership with ÖBB

Nomad Digital has announced a 10-year framework agreement with the primary Austrian rail operator, ÖBB, forming a strategic partnership which will see Nomad Digital provide fully-integrated enhanced passenger solutions for the majority of the ÖBB train fleet and Postbuses, reports Think... 2015-11-18

Wires start to go up on Great Western Main Line

The first overhead wires of the Great Western Main Line electrification project have gone up near Reading, reports Global Rail News. Network Rail engineers began the installation on November 12 between Pangbourne and Tilehurst – the section which will be used by Hitachi to test its... 2015-11-16

Chinese firm officially took control of Pakistan’s Gwadar Port free-trade zone

A Chinese firm officially took control of Pakistan’s Gwadar Port free-trade zone on Wednesday, as China is seeking to change the oil import game, South China Morning Post reports, TASS reports. Under the agreement, state-backed Chinese Overseas Ports will manage the free-trade zone on a... 2015-11-13

SIA and Lufthansa Group forge extensive partnership involving JV on key routes

Singapore Airlines /SIA/ and Lufthansa have announced a wide-ranging partnership that will see the two airline groups operating key routes between Singapore and Europe on a joint-venture basis, in addition to significantly expanding codeshare ties and deepening commercial co-operation, TASS... 2015-11-12

Deutsche Bahn using virtual reality to plug skills gap

Deutsche Bahn (DB) is redoubling efforts to persuade young people to join the railway, reports Global Rail News. Between now and 2020, DB needs to recruit between 7,000 and 8,000 new employees every year to get a grip on Germany’s own rail skills shortage. This has been brought on by the... 2015-11-12

Aeroflot Group to establish a subsidiary for fleet service and maintenance

The Board of Directors of Aeroflot Group, which met on October 29, 2015, decided to set up a new company for service and maintenance of aircraft, the press office of the company said, TASS reports. Moreover, the top management of the company decided to exclude Dmirty Saprykin from the Management... 2015-11-02

Dutch minister resigns over Fyra failures

Dutch infrastructure minister Wilma Mansveld has resigned following the publication of a highly critical report on the failings of the Fyra high-speed rail fiasco, reports Global Rail News. The report, which was led by CDA parliamentarian Madeleine van Toorenburg, said that passengers had... 2015-11-02

ISIS footage 'showing crashed Russian plane downed by jihadis' is fake

ISLAMIC STATE (ISIS) footage claiming to show the moment its fighters downed a Russian passenger jet over Egypt is so FAKE it is "laughable", a top aviation expert said today. A former RAF pilot said there is no way that the video released by the boastful jihadis shows a commercial airliner,... 2015-11-02

New strategy for PKP CARGO Group

PKP CARGO 's new strategy focuses on the development of international services and the extension of its offer by the elements enabling servicing of the entire logistics chain. PKP CARGO will invest in intermodal services, the most rapidly developing freight market component. The offer of the... 2015-10-30

Truckers are sending ominous signs about the industrial economy

Truckers are sending ominous signs about the industrialeconomy, and investors are punishing them for it. Shares of trucking companies took a beating on Tuesday, WSJ Logistics Report’s Brian Baskin writes, amid signs that high retail inventories and a cooling industrial sector would cut... 2015-10-28

RZD International and Serbian railway infrastructure manager sign MoU

RZD International, a subsidiary of Russian Railways (RZD) implementing overseas infrastructure projects of the holding company, and Serbian railway infrastructure manager Infrastruktura železnice Srbije have signed a memorandum on strategic partnership, following the Russian-Serbian... 2015-10-28

US legislators highlight dirty bomb threat in appeal for 100% container scanning

 U.S. House legislators advocating the scanning all containers that come into the U.S. used a Tuesday congressional hearing on the threat of dirty bombs, or explosives using radioactive materials and conventional explosives, to reiterate their calls for the long-delayed federal mandate,... 2015-10-28