President Dilma Rousseff of Brazil plans to build 11,000 kilometers (6,835 miles) of rail and grant wider access to existing privately operated lines to cut shipping costs by as much as 30 percent in the country. The auction of a concession to build and manage the first of a dozen railways costing a total $42bn will take place as early as October.
Logistics group Kuehne & Nagel and wagon leasing company VTG have announced plans to create a jointly-owned rail logistics business after signing a letter of intent at the end of April.
United States freight carload traffic gained ground during the week ending March 16, 2013, up 0.5 percent measured against the comparable week in 2012, said the Association of American Railroads.
Global logistics giant Aramex has signed an agreement to use the UAE's planned national railway network, its operator Etihad Rail has announced. The signing of the memorandum of understanding comes at a time of rapid growth for the Middle East's transport and logistics market.
Canadian National Railway has suspended the feasibility study for the construction of its proposed rail line and terminal handling facility to serve the Quebec/Labrador iron ore range.
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