The transaction marks a renewed commitment from the companies, who have worked together for the past 15 years, to develop sustainable freight transport to meet the significant expected growth in the sector.
Recent research by IPEX on the UK market, commissioned by Porterbrook, cited projections that intermodal rail freight is forecast to grow by more than 10% between 2022 and 2034 while construction sector traffic is expected to increase by up to 35% over the same period.
David Golding, asset director at GBRf, said, “By partnering with Porterbrook, the new rolling stock marks our commitment to supporting sustainability in the construction sector. As we look toward the future, this investment will help meet growing demand for rail freight services, whilst playing a key role in the delivery of Government’s net zero targets.”
The partnership between GB Railfreight, Porterbrook and Greenbrier builds on rail’s strong environmental credentials. It also supports the government’s wider transport decarbonization plans by encouraging a modal shift in the transportation of goods from road to rail.
Mark Wyborn, head of freight at Porterbrook added, “Today’s announcement strengthens Porterbrook’s long-term commitment to investing in rail freight and the tangible benefits this will bring not only to the economy, but to the UK’s green recovery. We are thrilled that GB Railfreight has chosen to extend its partnership with Porterbrook and support us in our ambitions to bring green, innovative, and affordable rolling stock options to the UK supply chain.”