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Tag: railway

Retail Asia27/10/2023
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Living

Hanoi Railway Transport reports record profit

2min0
The Hanoi Railway Transport Joint Stock Company has reported record after-tax profits of VND54 billion (US$2.2 million) mainly due to a nonrecurring revenue item, interest in bank deposits. It received interest of VND245 billion on deposits, but also managed to trim expenses, according to its latest financial statements. Gross profit rose 40% year-on-year to VND110 […]
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Retail Asia14/04/2023
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General

Vietnam Railways eyes profit in 2023

2min0
Train operator Vietnam Railways expects to earn a profit this year after posting losses in three previous years due to the impact of Covid-19. The company predicts a post-tax profit of VND3 billion ($127,960) and a revenue of over VND6.5 trillion. In the first quarter this year subsidiary Hanoi Railways served over 800,000 passengers and […]
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Retail Asia24/02/2023
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Living

Vietnam to have 16 more railway lines by 2030

2min0
Vietnam’s railway network planning expects to have 16 new national lines with a total length of about 4,802km by 2030. According to the Ministry of Transport, the planning for 2021-2030 will also upgrade seven existing lines, whose total length amounts to 2,440km. By 2050, the number of new rail lines will be 25, which together […]
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Retail Asia07/11/2022
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General

Government mulls 250 kph transnational railway

2min0
The Ministries of Planning and Investment and Transport will study the possibility of building high-speed rail across Vietnam to transport both passengers and cargo. The dual-gauge railway, with design speeds of 250 kilometers per hour and operational speeds of 180-225 kph, is required as rail only carries 6% of passengers and 1.4% of cargo on […]
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Retail Asia15/08/2022
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Living

Vietnam considers $58.7 billion high-speed railway

1min0
Vietnam is considering building a high-speed railway that runs along the country’s length with a possible price tag of up to $58.7 billion, the government said on Sunday. The Southeast Asian country’s transport ministry will next month submit a proposal to build the 1,545 km (960 miles) railway to the Politburo, the powerful decision-making body […]
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Retail Asia25/06/2021
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General

Railways seeks bailout as Covid-19 rages

2min0
Vietnam Railways (VNR) is seeking a VND800 billion ($34.82 million) loan to fund operations amid plummeting demand for its services because of the Covid-19 pandemic. The state-owned company has requested the government for the funds, saying that if the pandemic impacts persist until the next year, it would run out of money to pay staff […]
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Retail Asia25/03/2020
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Food

Starbucks Japan launches Smart Lounge railway station concept

3min0
Starbucks Japan has launched a new concept store in collaboration with railway operator JR East. The “Starbucks Coffee Takanawa Gateway Station” opened yesterday, introducing its Smart Lounge concept – a store space focused on business use. The store features numerous semi-private and single-seat seats to meet the needs of using a cafe for work purposes […]
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Retail Asia06/08/2018
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Finance

Vietnam gives nod for $300mln railway upgrade

3min0
Vietnam’s National Assembly has approved a $300 million budget for four railway upgrade projects on its transnational route. The four projects are to be implemented along the Hanoi-Ho Chi Minh City route. The funds will be sourced from the contingency budget of the Public Investment Plan 2016-2020 that the parliament approved in 2016. A total […]
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Retail Asia18/06/2018
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Logistics

Launch of Rail and Road Freight Services from China to Central Asia

2min0
New cross-border rail and trucking services launched by Kerry Logistic connects China through Kazakhstan to Caucasus and Turkey. This would expand the company’s preexisting presence in Armenia, Azerbaijan, and Georgia in Caucasus. Starting from Lianyungang, the well-known bridgehead of the New Eurasian Land Bridge in China, the new westbound rail freight service will bring shipments […]
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Retail Asia13/09/2017
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Logistics

Tigers Linking Rail Freight Destinations

3min0
Tigers has launched a new rail freight service, called Tiger Rail, offering customers a 16-day transit time both east and westbound, between Duisburg, Germany, and Hefei, Chongqing, and Chengdu, China. Tiger Rail customers can charter a train, or book Full Container Load (FCL) or Less than Container Load (LCL) shipments on weekly scheduled services to […]
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Retail Asia10/07/2017
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Logistics

DB Schenker On-Track in Driving Rail Freight Solutions for Customers across Asia Pacific

3min0
Since inaugurating the first Beijing – Hamburg rail link in 2008, DB Schenker has since developed an unparalleled portfolio of Euro-Asia Rail door-to-door services, linking China with Germany and the rest of Europe – such as Changsha, Chengdu, Chongqing, Harbin, Hefei, Suzhou, Shenyang, Wuhan, Yiwu, Zhengzhou with Duisburg, Hamburg, Leipzig, Nuremburg, as well as Lodz, London, […]
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Retail Asia07/07/2017
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Logistics

DHL and Latvian Railways join forces to boost Baltic-China trade

4min0
Baltic and Nordic exporters can look forward to faster, cheaper and more reliable logistics connections to China’s immense export market, following the signing of a new agreement between Latvia’s State Joint Stock Company Latvijas dzelzceļš (LDz) and DHL Global Forwarding. The Memorandum of Understanding and Cooperation (MUC) signed between both companies will see both organisations […]
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Retail Asia26/05/2017
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Logistics

DHL adds another China-Europe rail link

3min0
DHL manages new route with supply chain partner China Brilliant, providing both LCL and FCL service to DHL customers. DHL Global Forwarding has launched the first regular service connecting Shenzhen to Minsk, Belarus via rail in less than 12 days. The new route covers new overland connections to several major cities along China’s “Belt and […]
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Retail Asia09/05/2017
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Logistics

DHL opens China Rail Competence Center

2min0
HL Global Forwarding has opened a central China Rail Competence Center in Stuttgart to help with the coordination of freight transported between Germany and Asia by rail. “Rail freight volumes between Germany and Asia have increased 10-fold in just one year. In order to meet ever-increasing demand, the onus is on us to grow, optimize […]
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Retail Asia03/04/2017
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Logistics

UPS expands China-Europe rail service

1min0
UPS announced the addition of six stations to its Preferred full and less-than-container load (FCL and LCL) multimodal rail service between Europe and China. The additional stations will give customers moving goods on the world’s largest trade lane more options to reduce supply chain costs and better balance cost/time-in-transit requirements. Changsha, Chongqing, Suzhou and Wuhan […]
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Retail Asia18/10/2016
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Telecom

Nokia deploys network for Kuala Lumpur rail line

2min0
Nokia has deployed a mission-critical advanced communications network for Kuala Lumpur’s new railway line. The Kelana Jaya light rail transit (LRT) line extension is now supported by an advanced communications network  supporting high-speed voice, data and video traffic. The network the railway operations and passenger services for the line’s 13 new stations, which see a […]
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