All Russian Railways articles
-
ArticleDriving into a Russian road block?
Despite economic uncertainty in Russia, analysts expect new vehicle sales to grow further - putting increasing pressure on the nation’s already depleted fleet of car carriers
-
ArticleStepping up the pace
When Groupe PSA bought Opel/Vauxhall from GM in 2017 for €2.2 billion ($2.33 billion), Gefco was already providing logistics services for it. Then, when Opel/Vauxhall renewed its contract for fourth-party logistics (4PL) services with Gefco in October 2018 for a further four years, Gefco was tasked with finding further cost ...
-
ArticleGefco edges nearer flotation
Gefco has reaffirmed it is looking to make a public offering on the Euronext Paris stock exchange in 2019. Russian Railways, which has a majority stake in the transport and logistics provider, said it was considering a partial reduction of its 75% stake to below 50%.Gefco’s former owner and partial ...
-
ArticleNew Russian association to encourage a slicker supply chain
A group of Russian state-owned and private companies has formed a body called the Digital Transport and Logistics Association (DTLA), reported to be the biggest such association to have existed in the Russian transport industry and tasked with establishing a joined up supply chain supported by the latest digital technology.The ...
-
ArticleRussia: Recovery still down the road
Sales of finished vehicles in Russia rose 11.9% in 2017 over the previous year to reach 1.59m units, according to estimates in early January by the Association of European Businesses (AEB). Russia’s long-awaited recovery began in March and gained momentum throughout the year, peaking in December with monthly sales of ...
-
ArticlePSA Group to sell remaining stake in Gefco
French carmaker PSA Group, which owns Peugeot, Citroën and Opel/Vauxhall, has said it will sell its remaining 25% stake in Gefco, its former logistics subsidiary.The carmaker said in a statement that “Gefco’s operational performance and the diversification of its client portfolio no longer [make] it necessary for [PSA Group] to ...