INLAND/INTERMODAL NEWS
WorldCargo
news
TNT switches to RAlpin service
Logistics giant TNT has switched its P&O Ferrymasters’ traffic to/from owned CFI Compagnia Ferroviaria
Arnhem-Milan “Economy Express” Zeebrugge. Italiana (see last month’s WorldCargo News
trucking lines from all-road to combined At the same time, next month Cemat p20). CFI operates five weekly pairs be-
transport, using the RAlpin RoLa serv- is suspending its Munich-Cervignano tween Piedimonte San Germano and
ice between Freiburg im Breisgau in service, until further notice, due to the Cassino (Frosinone) and Firoenzuola
southern Germany and Novara. The sharp drop in take-up in the wake of the d’Arda (Piacenza), where SADA has its
switch follows trials in 2008 that showed recession. own terminals.
that the combi-solution could deliver an ISO Intermodal System Organisation SADA is also considering increasing
overall inter-hub delivery of 24 hours. has launched a bi-weekly container train its swap body fleet by up to 160 units,
Every evening trucks depart the between CoNaTeCo in the Port of Na- including 20 reefer units, but no decisions
Dutch town of Arnhem near the Ger- ples and Ferentino (Frosinone). ISO has have yet been taken.
man border for Freiburg, where the driver bought the whole train, 400m long and
joins the RAlpin club car. From Novara 1100t capacity, from Trenistlia.
TNT is now using the RAlpin Freiburg-
the truck driver proceeds to the TNT hub Finally, SADA SpA has abandoned
Novara RoLa corridor, which caters for 4m
at Piacenza and, after unloading, is driven Trenitalia to become the first client of
corner height trailers via the Lötschberg/
to TNT’s Milan megahub at Linate. The the recently-formed and 100% privately- Simplon tunnels
driver then switches to a truck loaded
with italian exports, and drives back to
Novara. The RoLA goes back to Freiburg,
and from there the truck is driven back
to Arnhem.
In other intermodal developments in
Italy, Cemat has started a new combi-
service between Novara (Boschetto) and
Greece (Patras), via the Port of Bríndisi.
The service connects with Bologna and
Bari and, from Novara northbound, with
EBRD buys
stake in
Globaltrans
Last year, the European Bank for the
Reconstruction and Development
(EBRD) acquired for US$49.55M a 3.2%
Ne
w
rie
s
stake in Globaltrans Investment (GI)
through the latter’s IPO on the London D Se
Stock Exchange - the first ever IPO for a
private Russian rail freight operator and
GI claims to be the biggest.
Before the IPO, GI was owned 70:30
respectively by Cyprus-registered Trans-
portation Investments Holding Ltd
(TIHL), Russia’s largest privately-owned
transportation and infrastructure group
trading under the N-Trans (ex-
SeverStalTrans) name, and Envesta Invest-
ments Ltd (EIL), also registered in Cy-
prus, but owned by GI’s top managers.
With 30.35% of GI’s equity sold in the
IPO, TIHL’s and EIL’s stakes shrank to
50.1% and 19.55% respectively.
“We believe that the success of our
IPO shows that investors recognise the
potential of the Russian rail freight sec-
tor and endorse our strategy,” said GI’s
CEO Sergey Maltsev. “We know that
EBRD has a strong interest in the devel-
opment of the Russian infrastructure sec-
tor and we welcome its investent.”
EBRD has become increasingly ac-
tive on the Russian freight transport mar-
ket. It bought a 3.8% equity stake in
FESCO for US$120M in 2008 and a
minority stake in TransContainer in De-
cember 2007. During 2004-2007 it issued
substantial loans to BaltTransService (a
part of N-Trans Group), Wagon Financ-
ing and Inpromleasing, and it has been
negotiating a €115M loan with OMG to
develop Vyborg port.
GI has used its IPO proceeds to fund
new rolling stock, including gondola cars
and cement hoppers of Russian and
Ukrainian manufacture. Last year it pur-
chased 2300 railcars and as of mid-2008
its rolling stock totalled 21,613 railcars,
including leased wagons.
Last December GI announced the
Powerful Machine.
acquisition of two tank car leasing com-
880
panies - 61% in Spacecom and 65% in
Material Handling Machine
Intopex Trans, for a total of US$79M pay-
able over the next two years by TIHL.
Effi cient Handling.
Between them Spacecom and Intopex
own 4152 tank cars, leased primarily to
Designed for extreme requirements in port handling - up to 40 t lifting capacity.
Russian and Kazakh operators. The ac-
quisitions signal GI’s aim of increasing its
Flexible use thanks to manifold equipment and fast tool change.
share of the oil and oil products trans-
portation markets. Straightforward and easily accessible technology, made in Germany.
Last year GI’s freight rail turnover in-
creased by 1% to 61.7 Btkms. Healthy
growth in the first nine months was wiped
SENNEBOGEN Maschinenfabrik GmbH
3 E N N E B O G E N S T R A ” E s 3 T R A U B I N G
out by a decline of 11% in 4Q compared
' E R M A N Y
to 4Q/2007. Maltsev commented that GI
4
s &
is exploiting the inherent flexibility of its
G R E E N L I N E S E N N E B O G E N D E
W W W S E N N E B O G E N C O M
gondola car fleet to diversify away from
the sectors with reduced demand.
March 2009 15
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