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

EU Pumps Billions in Transport Projects, EUR 43.5 Million Go to Austria

The EC has earmarked EUR 6.7 billion (USD 7.54 billion) in investments for transport in Europe. Austria has been allocated EUR 43.5 million for nine projects altogether.

June 17, 2016

Railways in Austria Recorded 282 Million Passengers in 2015

In 2015 Austrians chose increasingly trains over other means of transport. The number of railway passengers hiked by 1.5 percent y/y, railway regulator Schienen-Control GmbH declared in a statement. All in all, the number of railway passengers climbed to 282 million. Every Austrian rode on average 1,427 km by train, which translates to 12.2 billion passenger kilometres (up 0.9 percent) in 2015. There are currently 46 railway companies in in Austria.

June 16, 2016

Antitrust Court Fines ÖBB, Schenker, Panalpina und Etransa

Upon application of the antitrust authority (BWB) the antitrust court fined four logistics companies for price collusion. ÖBB's subsidiary Rail Cargo has to pay EUR 184,000, Panalpina has to pay EUR 2 million (USD 2.274 million), Schenker has to pay EUR 318,000 and Etransa has to pay EUR 3.5 million.

June 10, 2016