Gateway Rail Freight (Gateway-Rail), subsidiary of Gateway Distriparks (GDL) has announced that Sachin Bhanushali, president, Gateway-Rail, has been appointed as chief executive officer (CEO) with effect from Dec. 1, 2014.

Bhanushali will continue to report to Prem Kishan Gupta, chairman & managing director, Gateway-Rail.

Bhanushali joined Gateway-Rail in January 2007. Earlier, he was with Indian Railways and Container Corporation of India (CONCOR).

Gateway Rail Freight has emerged as a leading rail logistics service provider in containerised cargo segment. It is one of the 11 Private Container Train Operators of India who have been given permission to operate container trains over the entire Indian Railways network. GatewayRail operates 21 train-sets from its three leading terminals in North India at Garhi Harsaru, Ludhiana and Faridabad and the west coast ports. It has plans to build terminals in Ahmedabad, Hyderabad, Nagpur, Bengaluru, Jaipur and Jodhpur to provide pan-India service.

Gateway Distriparks, the parent company, provides container logistics services though its port-side Container Freight Stations (CFS) at Nhava Sheva, Chennai, Vishakhapatnam and Kochi.

Shares of the company gained Rs 6.85, or 2.21%, to settle at Rs 317.15. The total volume of shares traded was 22,078 at the BSE (Tuesday).