The Asian Development Bank (ADB) has approved a loan of €645.83 million (approximately $750 million) for a major railway project in Turkey. The funding will support the construction of a new 127-kilometer line designed to enhance transport and logistics links between Europe and Asia and strengthen Turkey’s position as a key regional transit hub.
LTG Cargo, the freight railway company within the LTG Group, has expanded its presence in the European market: its Polish subsidiary, LTG Cargo Polska, has obtained a Single Safety Certificate in Germany. This enables the company to independently conduct transport operations within German territory, thereby boosting the efficiency of logistics operations and strengthening the Lithuanian carrier’s position in Western Europe.
The International Air Transport Association (IATA) has lowered its profit forecast for the global aviation industry for 2026. The organization now expects a net profit of $23 billion, down from the previously projected $41 billion. The primary drivers are a sharp rise in jet fuel prices and altered flight paths due to the military conflict involving Iran, which have intensified financial pressure on air carriers.
At the 31st meeting of the Consultative Committee on Transport and Infrastructure of the Eurasian Economic Commission (EEC), participants examined key areas for the further development of transport integration within the Eurasian Economic Union. The meeting was chaired by EEC Minister for Energy and Infrastructure Arzybek Kozhoshev and attended by deputy heads of relevant transport agencies from EAEU member states.
Logistics company Contargo, in partnership with port operator Ports de l’Escaut, has officially commissioned a new charging station for electric trucks at the container terminal in Bruay-sur-l’Escaut, France. The opening ceremony, attended by representatives from the business community and public authorities, marked a significant step in developing the region’s sustainable transport infrastructure.
The Port of Barcelona Authority has entered into a new strategic cooperation agreement with the Shanghai Municipal Transportation Commission (SMTC) and the Shanghai International Port Group (SIPG). Signed during a visit by a Shanghai delegation, the document aims to strengthen the long-standing partnership between these two major port hubs in Europe and Asia. Representatives from port authorities and regional officials from Catalonia participated in the ceremony.
Hupac has announced the launch of a new intermodal rail service between Duisburg and Barcelona. Operations will commence on June 22, 2026, with a frequency of three round trips per week. The first train is scheduled to depart from the Duisburg DGT terminal on June 22, while the inaugural service from Barcelona is set for June 24.
The closure of the Passau–Obertraubling route near Regensburg will affect international rail traffic between Austria and Germany, as well as domestic services in Austria.
European Cargo, a British cargo airline based in Bournemouth, has declared bankruptcy following years of financial difficulties. Insolvency proceedings were initiated on June 3, 2026, and the company was placed under the management of external administrators from Teneo Financial Advisory. The carrier has ceased all flight operations and begun staff reduction procedures while engaging with customers, suppliers, and creditors.
A meeting took place at the headquarters of the Trans-Caspian International Transport Route (TITR) Association with a delegation from the Chinese company Jiangsu International Rail Freight Express Co., Ltd. During the meeting, the parties discussed developing cooperation and attracting additional cargo flows to the Trans-Caspian route. The Chinese delegation was led by the company’s General Manager, Xia Jin; representatives of the company’s logistics and supply chain management divisions also participated in the talks.
