The president of Russian Railways, Oleg Belozerov, proposed a high-speed cargo railway connection between Europe and China, allowing transport of goods to take as little as two days. "We plan to reach China via Kazakhstan and to carry special, high-profit cargoes to Europe via Russia, because a ship sails now 60 days, which is a long time. It sails round India and only then arrives to Europe. With a high speed rail transport we will be able to deliver goods in two days, and to earn extra … [Read more...] about Russian Railways eyes high-speed Europe-China cargo trains
Deutsche Bahn
DB Schenker boss Thomas Lieb resigns
The surprise departure of DB Schenker boss Thomas Lieb last week has become shrouded in intrigue following reports by both Reuters and German newspaper Handelsblatt that his resignation may be linked to an ongoing enquiry by the Cologne Public Prosecutors Office into allegations of bribery by employees of Schenker to individuals at the Port of St Petersburg, with the objective of easing the passage of freight through the port. Other speculation has centred around possible unhappiness … [Read more...] about DB Schenker boss Thomas Lieb resigns
DB Schenker settles with three airlines
Deutsche Bahn (DB) AG issued the following statement in connection with a Wall Street Journal report about the air cargo cartel litigation brought by its logistics subsidiary, Schenker AG: “Deutsche Bahn can confirm that its logistics subsidiary, Schenker AG, has dismissed its claims against Nippon Cargo, SAS and Cargolux in the air cargo cartel lawsuit brought in the Eastern District of New York. Schenker will continue to pursue its claims against other air carriers and seek … [Read more...] about DB Schenker settles with three airlines
BMW, Bosch join DB in cartel damages claim
Reuters reported that German carmaker BMW and car supplier Bosch would join Deutsche Bahn in two claims for about 2.1 billion euros (US$2.4 billion) in damages from air freight carriers involved in a cartel. The cartel involving Lufthansa and British Airways was first discovered seven years ago and triggered fines in the EU and in the US. … [Read more...] about BMW, Bosch join DB in cartel damages claim
DB seeks $2.5B damages over air cargo cartel
Schenker AG, the logistics subsidiary of German railway company Deutsche Bahn (DB), will seek damages estimated at US$2.5 billion — approximately US$370 million in the US and US$2.19 billion in Germany including interest — from air cargo carriers found guilty by the US Department of Justice, the European Commission and other international authorities for operating a global price-fixing cartel. The US portion could increase to an estimated US$1.1 billion if the court awards treble … [Read more...] about DB seeks $2.5B damages over air cargo cartel
