Tag: Rail Transport

An overnight failure

The reluctance of shippers to commit to rail freight has been blamed for the failure of Railion’s Overnight Express service from Amsterdam to Milan, which stopped operating last week.
Railion claims that after 18 months providing a reliable service, shippers still refused to back the passenger/freight pilot pr ject, initially heralded as the first in a network oIhigh-specd freight connections.

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US finance group possible bidder for Railtrack

Babcock & Brown, the US finance group, has emerged as a possible bidder for all or part of Railtrack, the privatised UK rail network operator. The group has been considering financing packages for Railtrack for months.

The proposals, which considered ways that areas of Railtrack could be financed more cost-effectively, had not reached formal discussions when Railtrack was put into administration three weeks ago.

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