The latest rail industry and company news and analysis from FriedlNews
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Austrian Rail Industry Headlines

Cable Lift Producer Doppelmayr Builds First Lift in Macao

The Vorarlberg-based cable lift producer Doppelmayr has built its first facility in Macao. The circular lift gives the visitors a view of the fountains and brings them to a casino and a hotel the company said. The value of the investment hasn't been revealed.

August 26, 2016

Indian Ministry of Railways Discusses India-Austria Railway Cooperations

The Indian Minister of Railways, Shri Suresh Prabhu paid a visit to Austria. In an event organized by the Chamber of Commerce H.E. Mr. Prabhu met with CEOs and Austrian Railway Companies to discuss possible further India-Austria cooperations in the field of railways technology.

July 21, 2016

Innsbruck Borrows EUR 150 Million from EIB

The City of Innsbruck will borrow from the European Investment Bank EUR 150 million (USD 165.8 million) for the expansion of regional railway and tram transport in central areas.

July 13, 2016

DHL to Build Headquarters and Distribution Centre in Vienna-Liesing

The subsidiary of Deutsche Post, DHL, will invest heavily in its expansion on the Austrian market. In Vienna-Liesing a distribution centre and new headquarters of DHL Paket Austria will be built.

July 11, 2016

Austrian Post Takes Over 30% of Advanced Commerce Labs

Austrian listed postal group Post AG is taking over 30 percent of Styrian firm ACL (Advanced Commerce Labs) which is specialised in e-commerce and online trade, Kleine Zeitung writes in its Saturday issue. The former sole owner was EOSS Industries, a Graz-based investment firm. The price has not been disclosed. ACL employs about 100 people. The transaction volume in e-commerce amounts to about EUR 150 million (USD 167 million) per year. ACL’s revenue reached EUR 6 million in 2015.

July 4, 2016

ÖBB Rail Appoints Andreas Mattha as New CEO

State-run railway firm ÖBB appointed Andreas Mattha, to date interim CEO, as the new head of the company, OBB said Monday.

July 4, 2016

Doppelmayr's Aerial Ropeway in Vietnam Launched

Austria's ropeway firm Doppelmayr has completed some 2.2 km aerial ropeway in Vietnam which was launched on Saturday, the company said Monday.

June 27, 2016

Partial Victory for Do & Co Subsidiary Henry am Zug Against ÖBB

ÖBB train caterer Henry am Zug, a subsidiary of Do & Co recorded a partial victory at the administrative court, as the court (VwGH) ruled in a case concerning concealing information from the traffic inspection office of the city council in Vienna against the municipal authorities. Since taking over catering in ÖBB trains in 2012, Do & Co has faced accusations of trade unions of violating labor law. An administrative fine of EUR 1.3 million (USD 1.5 million) is looming over the catering business.

May 9, 2016

Bawag Laying Off Further 180 to 200 Employees

Bawag Bank will optimize its branches and in course of the process will cut 180 to 200 jobs. 70 to 80 of the affected employees are supposed to be sent back to their actual employers - Post AG.

May 3, 2016

Austrian Railways Acquired German Cargo Company

Austria’s railway operator ÖBB is expanding activities in Germany by acquiring cargo company PCT Private Car Train in Germany from ARS Altmann Gruppe. The signing of the deal already took place on 4 March. The price has not been disclosed. Founded in 2002, PCT reports an annual revenue of EUR 60 million.

March 21, 2016