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DB announces return to profitability THE newly-appointed CEO of German Rail (DB), Dr Richard Lutz, announced a return to profitability on March 23 having turned a loss of €1.3bn in 2015 into a €700m profit last year.
db-announces-return-to-profitability
THE newly-appointed CEO of German Rail (DB), Dr Richard Lutz, announced a return to profitability on March 23 having turned a loss of €1.3bn in 2015 into a €700m profit last year.Revenue increased by 0.3%...
sbb-achieves-better-performance-in-2016
SWISS Federal Railways (SBB) can look back on a successful year in 2016 with records in several areas: passenger journeys rose by 3.5% to 1.25 million per day, total freight traffic was up by 9.9%...
lutz-appointment-as-next-db-ceo-confirmed
THE supervisory board of German Rail (DB) has confirmed the appointment of Dr Richard Lutz as its next CEO for a five-year term which will run until March 2022.Lutz, who will continue as DB’s chief...
rail-big-loser-in-trump-budget
THE Trump Administration’s proposed 2017 budget, released on March 16, includes reducing funds to the United States Department of Transportation and eliminating Amtrak's long-distance train funding, as well as popular transport grants. The budget requests $US...
eurostar-reports-strong-start-to-2017
EUROSTAR, which operates high-speed services between Britain and mainland Europe, says improvements in performance and the trading environment reported at the end of 2016 have continued in the first 10 weeks of this year. In its...
wabtec-buys-aero-transportation-products
WABTEC has purchased Aero Transportation Products (ATP), a manufacturer of engineered freight wagon components, for an undisclosed fee.   With annual sales of around $US 40m, ATP manufacturers hatch covers and outlet gates for wagons, predominately for...
richard-lutz-set-to-be-next-db-ceo-reports
GERMAN Rail (DB) is expected to appoint current chief financial officer (CFO) Dr Richard Lutz as its next CEO, succeeding Dr Rüdiger Grube who resigned in January. According to German media reports, DB’s supervisory board...
unipart-rail-and-arabian-railway-company-to-form-jv
UNIPART Rail, Britain, and Arabian Railway Company (ARC) announced on March 12 that they will form a joint venture to deliver projects, supply chain services and consultancy in Saudi Arabia. The signing of a memorandum of...
intermodal-gains-drive-rzd-logistics’-2016-growth
RZD Logistics, the logistics arm of Russian Railways (RZD), processed more than 56 million tonnes of freight in 2016, a 5% increase year-on-year, with intermodal traffic in particular experiencing significant growth. In total 95,000 TEUs were...
revenues-continue-to-grow-at-mtr
MTR Corporation, Hong Kong, reported an 8.4% increase in revenues in 2016 as the company successfully opened new metro lines and extensions in its domestic market and continued to expand its international operations. According to MTR’s...

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