Russia-based Universal Cargo Logistics has acquired a 75% stake in Russian Rail subsidiary Freight One for $4.2bn.
The sale is part of state-owned Russian Railways’ divestment plan, as well as the Russian Government’s overall privatisation programme to raise about $32bn.
Nominations are now closed for the Railway Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact across the defence sector.
Excellence in Action MTR Corporation and Dragages Hong Kong triumphed in three categories – Research & Development, Environmental and Safety – for their Kwu Tung Station project. Learn how this future Northern Link–East Rail Line interchange sets new benchmarks in digital construction, decarbonisation and safety management.
