Today's Cancelled Trains
Touax
21:32
Gateway Rail Freight to procure Wagons on Lease Model; unlikely to buy
Gateway Rail Freight to procure Wagons on Lease Model; unlikely to buy
Mumbai: Gateway Rail Freight Ltd (GRFL), the container train operating subsidiary of Gateway Distriparks Ltd, a Mumbai-based logistics firm, is unlikely to buy any wagons this fiscal. Rather, it is likely to consider leasing wagons from the market, which has an oversupply, said Sachin Bhanushali, President, GRFL, in a conference call.
He said GRFL was looking to lease wagons for two to five years. As of now, there are two American firms in the wagon leasing market — GATX and Touax. The company has 21 train sets in the market, of which 18 are under operation.
Bhanushali said the company would like to wait for the Railways to finalise the design of new lighter wagons before they buy new wagons, adding that the payload per wagon will be 75 tonnes against 61 tonnes at present.
