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 Omnevo’s digital Order-to-Seat platform has won the Innovation Award for Onboard Retail, redefining how passengers order, pay, and receive F&B at their seats. Learn how this solution is cutting waste, streamlining logistics, and enabling operators to personalize and modernize onboard retail.
