Freight News, Rail

Freightliner up for sale

[ November 16, 2014   //   ]

Freightliner Group has been put on sale by its owners Arcapita, according to recent press and newswire reports. Bahrain-based Arcapita bought the company in 2008, and it may fetch as up to £400 million pounds ($630 million), according to the Wall Street Journal.

Freightliner Group is the main rail haulier of containers in the UK and also has operations in Europe following its purchase of European Container Services from shipping line interests a few months ago. In addition, it has bulk rail operations in the UK and operations in Australia.