The latest transport industry and company news and analysis from FriedlNews
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Austrian Transport Industry Headlines

Vienna Airport Vying for UK-Based Firms After Brexit Referendum

Listed Vienna airport operator Flughafen Wien is putting more focus on attracting UK-based enterprises following the Brexit vote and is publishing ads in the Financial Times.

July 22, 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

AMAG Signs Biggest Delivery Contract with Airbus

The listed aluminium group AMAG in Ranshofen in Upper Austria has signed the biggest supply contract thus far with Airbus. This was announced by the company. AMAG didn't disclose details concerning the volume of deliveries from January 2017. "This contract will substantially expand our business with Airbus and strengtnen our position as a recognized supplier for the aircraft industry” - chairman of the management of AMAG Austria Metall AG Helmut Wieser said.

July 18, 2016

DB Schenker Logistics Raises 2015 Revenues in Austria, SEE to EUR 1.4 Bln

German logistics group DB Schenker, a unit of Deutsche Bahn, raised revenues from operations in Austria and South-Eastern Europe by 5 percent y/y to some EUR 1.4 billion (USD 1.55 billion) in 2015, the company said.

July 18, 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

Vienna Port Becoming Central Distribution Hub for Opel in Austria

The port in Vienna on the Danube and logistics company GEFCO Österreich are now in charge of services for car maker Opel. GEFCO is going to build 6000 sq.m. of additional warehouse floor-space and a business office in the port to that end. Weekly GEFCO is delivering up to 220 vehicles from Saragossa in Spain and other Opel plants, in Germany and Poland.

July 6, 2016

Austrian Post's Turkish Subsidiary in Conflict with Majority Owner

Post AG is involved in a buyback conflict regarding the Turkish subsidiary. Post took over a 25-percent stake in Turkish parcel delivery service Aras Kargo in 2013; it had been granted an option to buy another 50 percent of the shares. The company has been negotiating to use the option for a year now, but has been unable to reach a compromise.

July 5, 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