September 22 - Finland's Nurminen Logistics and Russian Rustranscom have agreed to form a jointly owned company, NR Rail.
The new entity will provide railfreight services between Finland and Russia. Rustranscom is one of the largest providers of rail services in the region, in areas such as forest and agricultural products. It has a rolling stock fleet encompassing more than 44,000 wagons.
This deal follows news that a new agreement on international railway transport between Finland and Russia is due to be ratified in the near future. The bi-lateral agreement will see the deregulation of rail transport between Finland and Russia on the Finnish rail network.
"The aim is to start the locomotive business in the second half of 2017. What we are setting out to do is to maintain our commitment to developing cost-effective and transparent logistics services to benefit Finnish import and export industries," said Marko Tuunainen, president and ceo at Nurminen Logistics.