LONDON/PARIS – The operator of the Channel Tunnel, Eurotunnel, said on Tuesday it faces a near 200% increase in its business rates bill from British authorities, a move it called “confiscatory” and a threat to its investment capacity in the UK. The planned hike, proposed by Britain’s Valuation Office Agency (VOA) as part of a triennial…
Getlink (Paris:GET) has announced the strategic acquisition of ChannelPorts Ltd, a foremost British customs intermediary. With a history dating back to 1974 and situated in Folkestone, Kent, ChannelPorts boasts a dedicated workforce of 44 and reported revenues of approximately £10M in 2023. This acquisition is poised to address critical transportation challenges and simplify the complexities…
PARIS, FRANCE: Getlink and CAT Group have launched a new cross-Channel rail freight service transporting Toyota vehicles, for a period of 6 years, between Toton (UK) and Kolin (CZ) via Onnaing (FR), a statement noted. This new traffic alone represents growth of +15% in annual cross-Channel freight on a like-for-like basis, compared to 2021. It…