Gold Bond's Strategic Expansion: Railway Branch at Haifa Conterm to Connect to National Rail

Logistics service group Gold Bond announced the continuation of its expansion and upgrading activities. The company will establish a railway line at the company's terminal in Haifa ('Haifa Conterm') that will connect directly to the national railway of Israel Railways passing near the complex. This is a strategic move that will strengthen the company's shipping capabilities, as a railway connection between the company's terminals in Ashdod, Haifa, and Bonded Jordan River (located near the Beit She'an railway terminal) will streamline the company's operations and open up additional business opportunities.

Under the agreement signed between Gold Bond and Israel Railways, Israel Railways will establish the private railway and a loading and unloading terminal, and will carry out regular maintenance of the infrastructure. All this with an investment estimated at about 12 million shekels to be paid by the company. The company will operate the railway terminal and the railway independently until the end of the authorization period (until 2038), with the works expected to begin this year and end by the end of 2027.

The agreement between Gold Bond and Israel Railways is part of an update of the authorization with Israel Ports Company, according to which instead of establishing a logistics structure, Gold Bond will be able to establish a railway on the authorization area, thus establishing its usage rights in the area for another decade.

Amos Day, CEO of Gold Bond: 'The establishment of the railway branch will enable a direct connection between Gold Bond's terminals in Haifa, Ashdod, and Beit She'an to the national railway network. This is a move that will improve the supply chain, allow us to provide direct shipping services to end customers and examine entry into new areas of activity. We will be able to transfer cargoes from the ports directly to the company's areas in an efficient, accurate, and more competitive manner, without third-party mediation and without expensive and polluting truck transport. This is another business step that strengthens our position as leaders in logistics services in Israel, as part of our long-term growth strategy.'

Recently, the Gold Bond Group concluded the first quarter of 2025 with record revenues of about 58 million shekels, a growth of about 34%, mainly thanks to a wide expansion in FCL and LCL terminal activity and in the logistics field. The net profit for the quarter rose by about 10.4% and reached 7.4 million shekels.