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KKR to sell wagon leasing company Infinity Transportation to Ares for $2.9bn

USA: Investment firm KKR & Co Inc has reached a definitive agreement to sell full-service wagon and intermodal equipment leasing company Infinity Transportation to Ares Infrastructure Equity and Ares Insurance Solutions funds for an enterprise value of approximately $2.9bn. Subject to customary closing conditions and …

Railway Gazette Железные дороги
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Hospital train proposed for military evacuations and civilian disaster response

GERMANY: Siemens Mobility and Lufthansa Technik Defense have agreed to develop jointly a train for cross-border military medical evacuations and civilian disaster response. Ahead of the Berlin Security Conference on November 3-4 the companies signed a memorandum of understanding to combine their decades of experience …

Railway Gazette Средний коридор
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CSTO may consider suspending Armenia’s voting rights

Collective Security Treaty Organization (CSTO) Secretary General Taalatbek Masadykov said the organisation could consider suspending Armenia’s voting rights and halting the nomination of Armenian citizens to quota-based positions within the CSTO.

Azernews Железные дороги
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ÖBB holding to take control of passenger and freight arms in major restructuring

AUSTRIA: The coalition government has agreed the biggest restructuring of the state-owned ÖBB group in more than two decades, which is expected to cut costs by around €80m a year. The governing coalition of the conservative ÖVP, the social democratic SPÖ and the liberal NEOS agreed a plan to restructure the ÖBB group …

Railway Gazette Железные дороги
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ERA Executive Director to speak at inaugural Railway Gazette Summit

EUROPE: As the European rail landscape undergoes a period of profound transformation, the 2026 Railway Gazette Summit will be debating opportunities for building a resilient, competitive and sustainable railway sector. A detailed programme can be found here . Hosted by Railway Gazette International Executive Editor Ni…

Railway Gazette Средний коридор
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Azeri Light oil price falls by 2.62% at Italy's Augusta Port

The price of Azerbaijan's Azeri Light crude oil has declined by $3.05, or 2.62%, compared with the previous indicator, reaching $113.45 per barrel on a CIF basis at Italy's Augusta port.

Azernews Порты и суда
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Urban rail industry news round-up

This week’s round-up of news from the global urban rail transport sector, from Railway Gazette International . On October 29 Wuhan opened two more sections of its metro network. The second phase of Line 12 between Gangduhuayuan and Moshuihu Park via the north and west of the city joins the two ends of Phase 1 opened o…

Railway Gazette Средний коридор
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Prime Minister inaugurates Pune Metro Line 3

INDIA: The 23.3 km Pune Metro Line 3 (Pink) was inaugurated by Prime Minister Narendra Modi via video link on November 3, with passenger services scheduled to start the following day. Developed by a joint venture of Siemens and Tata under a PPP agreement, the elevated line with 23 stations is intended to halve travel …

Railway Gazette Средний коридор
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Celebrate the best of UK rail at the 2027 Rail Business Awards

UK: Organisations across the UK rail and metro sectors have until 23.55 on November 13 to submit entries for the next Rail Business Awards , which will take place on March 11 2027 in Newcastle-upon-Tyne. Established as the first national awards for the UK railway sector, the prestigious Rail Business Awards recognise …

Railway Gazette Средний коридор
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Azerbaijan's electric vehicle imports plunge 56% in first nine months of 2026

Azerbaijan imported 680 electric vehicles between January and September 2026, marking a 56.4% decline compared with the corresponding period of 2025. According to data released by the State Customs Committee, the total value of electric vehicle imports fell by...

Azernews Торговля
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Azerbaijan bets on Caspian winds to build its next energy export industry

For much of its modern history, Azerbaijan's economic and political influence has been closely tied to oil and gas. The country built its reputation as an energy producer long before the current debate about energy diversification and the green transition became a global priority. Its pipelines connected the Caspian b…

Azernews Средний коридор
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Renfe updates safety protocol as investigators analyse Urda collision

SPAIN: Renfe has introduced a new safety directive for high speed operations, requiring trains to halt and proceed at a maximum speed of 40 km/h under visual supervision after cab signalling failures. The decision follows the fatal Urda collision that killed at least 69 people. Most Spanish high speed lines are equipp…

Railway Gazette Железные дороги
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Melbourne Airport Rail Link moves two steps closer to realisation

AUSTRALIA: The Victorian Infrastructure Delivery Authority has announced the preferred bidder to rebuild Sunshine station as part of Stage 1 of Melbourne’s long-planned Airport Rail Link. It has also committed to starting Stage 2 works in 2028, leaving the final stage without a timescale. The airport rail project is b…

Railway Gazette Железные дороги
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Sweden selects lower-cost Norrbotniabanan route as budget tightens

SWEDEN: Trafikverket has picked the lowest cost of the routes it studied for part of Norrbotniabanan, a missing link in the EU’s core rail network along the northern Baltic coast, three months after the government ordered it to rein in costs on the line’s unbuilt northern section. The Swedish transport administration …

Railway Gazette Железные дороги
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Kazakhstan, Azerbaijan discuss expansion of Middle Corridor

Kazakhstan’s Transport Minister Nurlan Sauranbayev, Azerbaijan’s Ambassador to Kazakhstan Alimirzamin Asgarov, and AZCON Holding representative Shahin Babayev have discussed prospects for bilateral cooperation at a meeting in Astana.

Azernews Средний коридор
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Azeri Light oil price falls 7.66% per barrel

The price of Azerbaijan's Azeri Light crude oil fell by $9.66, or 7.66%, to $116.50 per barrel on a CIF basis at Italy's Augusta port.

Azernews Торговля
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Eurostar announces next Chief Executive Officer

EUROPE: International high speed train operator Eurostar announced on November 2 that Gwendoline Cazenave was stepping down as CEO. Christophe Fanichet has been appointed as CEO from December 1, with Matthieu Quyollet, Chief Financial, Strategy & Transformation Officer and deputy CEO, serving as CEO in the interim. Fa…

Railway Gazette Средний коридор
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Armenia begins preparatory work on TRIPP railway and highway project

The Government of Armenia has effectively already begun implementing the “Trump Route for International Peace and Prosperity” (TRIPP) project, Prime Minister Nikol Pashinyan told lawmakers on Monday, according to Armenpress.

Azernews Железные дороги