Medway

What Medway does

MEDWAY S.A. is a privately held Portuguese logistics company founded in 2016 and headquartered in Lisbon, operating as the largest private rail freight operator in the Iberian Peninsula. The company provides multimodal freight transport services — rail, road, maritime, and air — across Portugal and Spain, supported by a network of owned terminals (Entroncamento, Sines, Lousado, Aveiro) and partner-operated terminals in Extremadura (Badajoz, Mérida, Navalmoral). It serves industrial and manufacturing clients, international trading companies engaged in cross-border commerce, and customers requiring contract logistics including warehousing, distribution, cross-docking, and reverse logistics.

The company's core technical asset is its rail freight fleet comprising 22+ types of specialized wagons and the ETCS+STM signaling system under dynamic testing. It operates two wholly-owned maintenance and repair facilities (Entroncamento and Poceirão) that service locomotives and wagons, plus mobile intervention teams for in-field service. Supporting digital assets include an online Environmental Simulator that quantifies CO2 savings from modal shift to rail (advertised at ~70% reduction vs. road transport) and a Sustainable Transport Certificate program. The company also runs MEDWAY Training, a railway vocational training subsidiary.

MEDWAY generates revenue through customized, quote-based B2B contracts with multi-year cadences across five streams: railway transport services, integrated multimodal logistics, maritime and air freight, road transport (groupage, co-loading, consolidation), and maintenance/repair services. Distribution is sales-led via dedicated commercial departments segmented by geography and service line (Portugal transport, Spain transport, road, terminals, rolling stock). The company has no public listing, no disclosed parent, and no institutional funding rounds, with ownership concentrated privately and leadership under President Carlos Vasconcelos.

Name

Medway

Legal name

MEDWAY S.A.

Website

https://medway-iberia.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

501–1,000 employees

Short description

MEDWAY is the largest private rail freight operator in the Iberian Peninsula, providing multimodal freight transport (rail, road, sea, air) and integrated logistics services across Portugal and Spain for industrial, trading, and contract logistics customers.

Ownership category

akta.pro rank

Product category

Rail Freight Transport & Multimodal Logistics

NAICS

Line-Haul Railroads (482111), Rail Transportation (48211), Water Transportation (483), Deep Sea Freight Transportation (483111)

SIC

Railroads, Line-Haul Operating (4011), Railroad Switching & Terminal Establishments (4013), Arrangement Of Transportation Of Freight & Cargo (4731), Trucking & Courier Services (No Air) (4210), Deep Sea Foreign Transportation Of Freight (4412), Air Transportation, Nonscheduled (4522)

akta.pro primary industry

Terminal Cargo Handling & Yard Operations (Receiving, Staging, Delivery) (TLAHALAB)

Keywords

• Rail freight transport
• Multimodal logistics services
• Freight forwarding services
• Intermodal terminal operations
• Railway maintenance services

Headquarters

HQ city

Lisboa

HQ country

Portugal

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Railway Transport Services: Primary revenue stream from rail freight transport services across the Iberian Peninsula, offering transportation of containers, semi-trailers, and various cargo types.
2. Multimodal Logistics Services: Integrated logistics services including transport logistics, terminals, warehousing, contract logistics, cross-docking, distribution, and reverse logistics.
3. Maritime and Air Freight: Shipping transport and air transport services for international freight, including chartering and multimodal sea-air solutions.
4. Road Transport: Road freight transport services through collaboration agreements, including groupage, co-loading and consolidation services.
5. Maintenance and Repair Services: Railway equipment maintenance and repair services at workshops in Entroncamento and Poceirão.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Medway operates rail freight transport and integrated multimodal logistics services across the Iberian Peninsula (Portugal and Spain). Its core offering is railway transport supplemented by road, maritime, and air freight services, with an owned terminal network, contract logistics (warehousing, distribution, customs clearance), and dedicated railway maintenance and repair workshops. The company is positioned as the largest private rail freight operator in the Iberian Peninsula.

Product overview

MEDWAY is a logistics operator and the largest private rail freight operator in the Iberian Peninsula, offering a comprehensive multimodal transport portfolio. The core offering consists of Railway Transport as the primary service, complemented by Shipping, Air Transport, and Road Transport for flexible freight solutions. Supporting infrastructure includes Terminals (Entroncamento, Sines, Lousado, Aveiro) for intermodal connections and Maintenance & Repair services for railway equipment. Additional services include Transport Logistics (contract logistics, warehousing, distribution, customs clearance), MEDWAY Training for professional development, the Environmental Simulator for CO2 calculation, and Sustainable Transport Certificates for environmental certification. The company operates across Portugal and Spain, serving the competitiveness and logistical development of the Iberian Peninsula.

Differentiator

Problem solved

Functional benefit

Brands

• MEDWAY Maintenance & Repair: Railway maintenance and repair services with facilities in Entroncamento and Poceirão
• MEDWAY Training
• Sustainable Transport Certificate

Products and services

• Railway Transport

Quantifiable outcome

• Reduces CO2 emissions by approximately 70% compared to road transport, reaching 74% when using exclusively electric locomotives

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core, supporting and major.

• AlstomcoreTechnology or Integration · 10 June 2026Collaboration on ETCS+STM system dynamic testing project, combining international technology partners for railway modernization.
• SidercoreTechnology or Integration · 10 June 2026Partner in ETCS+STM system dynamic testing project for railway innovation.
• HitachisupportingTechnology or Integration · 10 June 2026Technology partner in ETCS+STM dynamic testing project.
• Critical SoftwaresupportingTechnology or Integration · 10 June 2026Technology partner providing software expertise for ETCS+STM dynamic testing project.
• TRANSITALIAmajorStrategic or Co-development Partner · 5 November 2025Collaboration in pioneering first-ever rail transport of semi-trailers in Portugal, connecting Spain to Entroncamento via Badajoz on the East Line. This operation required extraordinary technical and operational preparation.
• TRAMESAmajorStrategic or Co-development Partner · 5 November 2025Collaboration in pioneering first-ever rail transport of semi-trailers in Portugal, marking a decisive step in expansion and modernization strategy.
• Extremadura Avante LogísticasupportingOthersPartner terminal operator at Badajoz, Mérida, and Navalmoral locations in Spain, part of MEDWAY's strategic geographic network.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Fercam: Italian multimodal logistics operator with rail, road, and warehousing capabilities. Comparable to MEDWAY in service portfolio (rail + road + contract logistics) but focused on Italy rather than Iberia.

Others

• Geodis: Global multimodal logistics provider with rail freight, road, sea-air, contract logistics, and terminal services. Comparable to MEDWAY's integrated multimodal value proposition but operating at vastly greater scale across multiple continents.
• Kuehne+Nagel: Global freight forwarder with multimodal capabilities including rail, road, sea, and air, plus contract logistics. Comparable to MEDWAY's multimodal transport and logistics services, though operating primarily as an asset-light forwarder rather than a rail asset operator.

Broad incumbents

• DB Cargo: Largest rail freight operator in Europe (Deutsche Bahn subsidiary). Comparable as a multinational rail freight incumbent with multimodal, terminal, and M&R capabilities far exceeding MEDWAY's scale, providing a benchmark for pan-European expansion.
• SNCF Fret: French state-owned rail freight operator and parent of Captrain. Comparable as a national rail freight champion with multimodal logistics, M&R, and international corridor services; relevant peer for state vs. private operator dynamics.
• Rail Cargo Group: Austrian rail freight operator with broad European coverage including intermodal and wagon-load services. Comparable to MEDWAY as a multi-country rail freight operator with strong terminal and logistics integration.

Direct peers

• BLS Cargo: Swiss private rail freight operator providing cross-border services through Alpine corridors. Comparable to MEDWAY as a private-sector, mid-sized European rail freight operator competing against state incumbents.
• Renfe Mercancías: State-owned freight rail operator in Spain and the dominant player on the Iberian rail freight market. Directly comparable to MEDWAY as the principal competitor on cross-border and domestic Spanish rail freight corridors, with overlapping multimodal and terminal capabilities.
• Transitalia: Italian rail freight operator and MEDWAY's named partner in the first Portuguese semi-trailer rail transport (Nov 2025). Comparable as a specialized private rail freight operator with cross-border Iberian/Italian reach and semi-trailer intermodal expertise.
• Captrain España: Private rail freight operator in Spain, part of the Captrain (SNCF Group) network. Competes with MEDWAY on Iberian freight corridors with similar wagon-based service offerings and access to ADIF infrastructure.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/medway-transport-logistics
• Instagraminstagram.com/medway_iberia

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Medway