DB Schenker Rail will invest approximately €410 million this year,primarily in new freight cars and locomotives throughout Europe
According to Dr Rausch, member of DB Mobility & Logistics' management board, this is a record amount in the company's history
The fleet modernisation process currently concentrates on freight cars for the coal and steel sector and for the chemical and automotive industries
Roughly €190 million will be spent on new freight cars and repairing the existing fleet, and a further €167 million on locomotives The remaining funds will be spread between various investments in facilities and IT equipment
By the end of the year, some 1,472 new freight cars and 71 new locomotives will have been purchased for DB Schenker Rail, including 700 cars especially for coal and steel transport
During the first half of 2010, DB Schenker Rail transported a total of 203 million tons of freight, a year-on-year increase of 401%
Kerry Logistics has broken ground on the expansion of its multi-purpose Kerry Siam Seaport (KSSP) in Laem Chabang, Thailand.
Wincanton has issued an Interim Management Statement for the period from October 2011 to February 2012.
Earlier this week DP World reported volumes in terms of TEU (Twenty-Foot Equivalent Units) up 9% over 2011.