Freightliner Group Press Office
It has been announced that Genesee & Wyoming Inc. (G&W) has entered into an agreement to acquire Freightliner Group from Arcapita, who have been majority shareholders since 2008.
Freightliner Group is a successful and highly regarded business with a reputation for high quality service, reliability and innovation.
This agreement will be mutually beneficial for both parties, and Freightliner Group will continue to invest in new technologies and enhance international activities.
The change of ownership will not have any impact on the day to day operations of the Group and its subsidiaries. All existing arrangements for each of Freightliner’s operating companies together for all staff will remain unaltered.
Russell Mears, Chief Executive Officer of Freightliner Group said, “Genesee & Wyoming brings additional investment firepower, extended international reach an rail infrastructure expertise to add to the existing strengths of the Freightliner Group. Their commitment to safety and service quality in all activities also mirrors our own values."
Jack Hellmann, President and Chief Executive Officer of Genesee & Wyoming Inc., commented,
“The acquisition of Freightliner is an excellent strategic fit for G&W. We are excited to be adding a world class intermodal and heavy haul franchise in the United Kingdom that will be the foundation of G&W’s European Region. Further, the overlap of our respective rail businesses in Australia and the Netherlands will unlock operating synergies and expand our presence in each of those markets. We are pleased to be joined by a highly talented management team who have a long track record of success in building Freightliner over the past two decades. Working together, we expect to build the existing business and also unlock a range of attractive rail investment opportunities worldwide.
For Freightliner’s 2,500 employees, we look forward to working together to leverage the strength and skills of our global employee base, deploying best practices from both G&W and Freightliner to enhance the safety and quality of our rail services worldwide. For Freightliner’s customers, we are committed to deliver the same locally focused and responsive rail service that is the hallmark of both Freightliner and G&W, and we are excited about the opportunity to expand our global customer relationships going forward.”
Freightliner Group, as part of a British consortium, today announces that the consortium has been selected as contract signature by the Saudi Railway Company (SAR) to be its partner, providing management and technical support for infrastructure, freight and passenger operations on one of its rail projects, the North South Railway (NSR).
The Saudi Railway Company is a government owned company established in 2006 by the Public Investment Fund (PIF), the investment arm of Saudi Arabian Ministry of Finance. PIF assigned SAR to develop and operate railway services comprising passenger, general freight and heavy haul. The North South Railway which at over 2,750km is one of the largest rail projects currently being developed worldwide. The overall rail network that SAR is responsible to construct and operate is more than 4,500 km.
Freightliner will provide technical assistance, interim management and training to the Saudi Railway Company (SAR) for this flagship project. The scope of the contract, which runs for an initial five years, includes the development of World Class rail freight operations, and the transfer of skills and knowledge to support the long term development of the railway industry in Saudi Arabia.
The consortium comprises Network Rail Consulting who will be providing technical assistance, interim management and training for infrastructure management, and Serco who will be providing technical assistance, interim management and training for passenger services.
Dr Rumaih al Rumaih, CEO of the Saudi Railway Company (SAR), said that SAR will soon complete the construction of the North South Railway to transport minerals, cargo and passengers.
“In order to manage this new network, SAR went out to tender and invited a number of companies, based on their international experience in rail operations and infrastructure management, in order to support SAR. SAR's vision is to implement world-class railway practises and deliver the highest standard of technical, commercial and operational service excellence to all SAR customers, as well as to ensure the transfer of technical and operating knowledge and skills, including training, to provide long-term employment opportunities for Saudis, to operate the rail network and develop the railway industry in Saudi Arabia.”
"After an extensive exercise supported by international business consultants AT Kearney, a UK Consortium consisting of Serco Group plc, Network Rail Consulting and Freightliner Group successfully won the tender process against strong international competition, and we look forward to working with them to achieve SAR's strategic plans in a 5 year commercial partnership"
Dom McKenna, Freightliner’s Group International Director said: “Freightliner’s proven track record of developing and operating safe and high quality rail freight services together with local partners is perfectly aligned with SAR’s strategic vision. This prestigious contract is part of a joint UK bid against strong international competition, and we are delighted to have been chosen to partner SAR to develop a World Class railway.”
Freightliner Group is a leading global rail freight provider with businesses in the United Kingdom, Continental Europe and Australia. The Group’s strategy is to develop high quality rail freight services in markets with significant growth potential, in partnership with local management teams. Entry into the Middle East is the next step in the successful execution of this strategy.
The installation of almost 30 miles of rail on the new Borders Railway was officially completed today when Keith Brown, cabinet secretary for infrastructure, joined the project team to clip the final length of rail into place.
Arriving into Tweedbank station on a Freightliner train - the first to reach the end of the new line - Mr Brown clipped the final rail into place alongside project director Hugh Wark.
Freightliner is proud to be a part of the Borders Railway project, providing locomotives and staff to haul ballast trains to move the specialist rail installation equipment. Since track-laying commenced in October last year, over 1000 rails have been laid across more than 90,000 sleepers.
The longest new domestic railway built in Britain in over a century, the Scottish Government-funded Borders Railway will re-establish passenger services for the first time in over 40 years from Edinburgh through Midlothian to Tweedbank.
Mr Brown said: “It is a huge honour to put the final piece of track in place and travel on the first train to run into the Borders in almost half a century. The reopening of this line offers a once in a generation opportunity to deliver a major economic and social boost for the communities it will serve.
“This is the longest domestic railway to be built in Britain in over 100 years and is a fantastic engineering achievement for Scotland and for the rail industry. But more importantly, the Borders Railway is the realisation of a long-held aspiration that will see community links restored, local economies boosted and opportunities improved for many.
"There will be few, if any, railway journeys anywhere in Europe to match the outstanding scenery along the route of the new Borders Railway. I have no doubt that Borders Railway will be hugely successful, both in enhancing Scotland’s infrastructure and transforming business opportunities along the line.”
Hugh Wark added: “The completion of rail installation is a major milestone for the project and keeps the line on-track to open for passengers in September. While we still have a significant amount of infrastructure to complete along the route – from installing signalling to completing the stations – we're confident that this much-anticipated addition to Scotland’s railway will be delivered on schedule.”
The railway is expected to deliver major economic and social development opportunities – connecting people to jobs, housing, leisure opportunities and other facilities. The project is a key part of the Scottish Government’s wider programme of investment in transport infrastructure, working towards the sustainable economic growth of Scotland.
Freightliner Heavy Haul has been awarded two Silver Whistles at the Institution of Railway Operators Golden Whistle Awards 2015 held today in London.
The awards were:
• Most Improved Operational Performance - Delay Minutes
• Most Improved Operational Performance - Freight Performance
The ‘Golden Whistles’ are organised by the Institute of Railway Operators in conjunction with Modern Railways Fourth Friday Club, to celebrate industry excellence and rail operators who have performed well over the past year.
As one of the UK’s leading bulk rail freight operators, Freightliner Heavy Haul is committed to setting new standards of reliability, flexibility and customer service whilst continuing to invest in innovative solutions for customers’ business needs.
Paul Smart, Managing Director, Freightliner Heavy Haul said, “We work hard at improving performance for our customers. As a consequence of this, we have improved our impact on the network and for this we are doubly proud".
Freightliner Heavy Haul Ltd is the first freight operator to use new Doncaster North Chord for commercial use
Freightliner’s Immingham to Ferrybridge service passed over the completed Network Rail project at around 1pm.
Martin Wilks, Director of Coal Services for Freightliner Heavy Haul said: “We welcome the opening of the Doncaster North Chord as an important new addition to Network Rail’s infrastructure. This is an important project which gives freight trains a clear run towards the power stations, without incurring the performance risk of crossing the busy East Coast Main Line, and will improve the service we can offer to our customers. The movement of coal to generate electricity is vital in keeping the UK’s lights switched on. Over 35 per cent of UK-consumed electricity is generated by coal moved by rail.”
The report, which was compiled using data prepared by accountancy firm KPMG, states that since rail freight was opened up to private competition and investment in the mid-nineties, trains carry an average of 50% more cargo than 10 years ago. This is a business sector that generates more than £1.5 billion in economic benefits for UK Plc through improved productivity and reducing road congestion to keep traffic moving. As the first operator to introduce the PowerHaul Class 70 locomotive to the UK, Freightliner has been able to utilise longer, more efficient trains to serve its customers’ increasing demand for volume and speed of delivery.
The report highlights that last year more than 7.6million road journeys were saved by transporting goods by rail, the equivalent of around 7,000 HGVs driving from London to Edinburgh every day.
To read the published report in full, or to download a copy, visit www.raildeliverygroup.com/?p=50
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