GB Railfreight Agrees Sale And Leaseback Of 10 Class 60 Locomotives With Beacon Rail

GB Railfreight (GBRf) is today pleased to announce that it has agreed a sale and long-term leaseback of 10 class 60 locomotives with Beacon Rail, marking the latest expansion of its locomotive fleet. The move continues to underline what an exciting period of growth this is for GBRf, as the company continues to move further into the commodities market, including biomass and aggregate industries.

The new locomotives will enable both higher trailing weights on certain routes, as well as offering greater efficiency. In particular, the increase in the number of locomotives means that there can be further growth on existing contracts, including GBRf’s ‘Flying Dustman’ service in partnership with Biffa. This started back in March, and sees muck taken away from sites in major industrial centres Manchester and Leeds.

John Smith, Managing Director of GBRf, said of the transaction:

“GB Railfreight is thrilled to be in the position to expand our fleet of locos in this way. The move is demonstrative of why GBRf is the UK’s fastest growing rail freight company, and this rate of development will only continue. Many thanks to the team at Beacon Rail for helping to make this expansion a reality.”

Trevor Butler, Senior Director of Lease Originations at Beacon Rail said:

“Beacon Rail is excited to agree this important transaction with our long-standing and valued customer GB Railfreight and to be part of GBRf’s continuing growth.”