Haulage cash to rise at CIL
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• Intermodal freight carrier Combined Transport Limited says its share issue to hauliers, which closes next week, will raise £400,000 and increase haulage investors from 28 to 50 companies. All existing haulier shareholders, including NFC, Danzas UK and United Transport, have kept their stake in the company, it says.
The share issue will be used to help fund a company that will research, design and invest in multifreight low platform wagons. The company will be called Intermodal Wagon Systems and owned 75% by CTL and 25% by British Rail Board.
CTL says it is too early to say how much it will need to spend to set up the fledgling firm: CTL managing director Francois Leclerq says resources of the two companies will be closely linked. The haulage stake will remain 36% of the total. The largest group of shareholders are other UIRR subsidiaries; British Rail Board holds 10% and the Road Haulage Association 3%.
C11 will start Channel Tunnel services with low-platform wagons leased from British Rail. LI The company's Channel Tunnel tariffs will be released before the end of August, it says. El See page 28 this week for further intermodal developments.