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

ÖBB and Quehenberger Merge Mixed Cargo Segments

Österreichische Bundesbahnen (ÖBB) and Salzburg logistics group Quehenberger are merging their mixed cargo business. ÖBB Holding will release a 40 percent stake in subsidiary European Contract Logistics (ECL) to Quehenberger Logistics to that end.

May 25, 2016

ÖBB/MAV-Cargo - Contradiction Concerning Contract with Lobbyist

The embezzlement lawsuit regarding the purchase of Hungarian cargo railway operator MAV Cargo by ÖBB subsidiary Rail Cargo Austria (RCA) was continued in the province court in St. Pölten on Friday. The central issue was a deal with consultant Geuronet. Defendant Gustav Poschalko claims the commission was not rejected by the group, a claim his then management board peer Ferdinand Schmidt repudiates.

May 20, 2016

ÖBB Rail New CEO Halbmayr Takes Up Post

Staterun railway firm OBB saw its todate CFO Josef Halbmayr take over as interim CEO as of Tuesday, the company said in a statement.

May 17, 2016

ÖBB Needs New Helmsman

After the appointment of ÖBB head Christian Kern for new SPÖ leader and government head the railway company is in need of a new helmsman. Kern has been head of the railway carrier since 7 June 2010. ÖBB board member in charge of infrastructure, Andreas Matthä (53) has been named a possible successor of Kern.

May 13, 2016

Austrian Railways Could Be Headed Temporarily by CFO Halbmayr After Incumbent CEO Leaves

State-run railway company ÖBB may see CFO Josef Halbmayr take over as interim CEO, sources claim ahead of the upcoming end of the term of office of OBB head Christian Kern.

May 12, 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

Mountain Railway Sold to Sweden

Swedish listed skilift operator SkiStar is going to acquire a stake in St. Johanner Bergbahn, the Austrian mountain railway operator. The Swedish company will hold a 68 percent stake.

May 2, 2016

Austrian Railways to Invest over EUR 1.9 Bln in Carinthia by 2021

State-run rail group OEBB will spend over EUR 1.9 billion (USD 2.14 billion) on investments in Carinthian rail track infrastructure by 2021, Infrastructure Minister Gerald Klug told journalists in Klagenfurt.

April 25, 2016

Austrian Railways Carried some 300,000 Refugees since 2015

Austria’s national railway ÖBB has released information today indicating that in 2015 the railway carrier transported nearly 300,000 refugees, and buildings of the ÖBB were used as accommodation on many occasions (70,000 overnight stays).

April 22, 2016