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CAF reports 39% fall in 1Q net profit CAF, Spain, has reported a 39% drop in net profit for the first quarter of 2016 which fell from €14m in the first quarter of 2015 to €8.6m this year. Nevertheless CAF says its prospects for 2016 remain unaltered due to a strong order pipeline and improved efficiency.
rina-acquires-edif-group-for-£1185m
ITALIAN testing, inspection, certification and engineering consulting group Rina has acquired the entire share capital of Edif Group, Britain, from Phoenix Equity Partners for £118.5m. Rina is funding the acquisition through an equity capital injection from...
db-cargo-cuts-freight-activities-in-profitability-drive
GERMAN Rail's (DB) rail freight subsidiary, DB Cargo has confirmed plans to withdraw freight services from 215 locations in Germany reducing the total number of locations it serves to around 1300.DB Cargo, which made a...
pesa-establishes-locomotive-leasing-business
POLISH rolling stock manufacturer Pesa signed an agreement with the Polish Development Fund (PFR) on May 16 to establish a locomotive leasing unit. Under the deal, which was signed at Pesa's Bydgoszcz plant, Pesa will hold...
alstom-reports-strong-growth-in-sales-in-2015-16
ALSTOM achieved a 12% increase in sales during its financial year which ended on March 31 rising from €6.16bn in 2014-15 to €6.88bn in 2015-16, while adjusted Ebit rose by 23% from €298m to €366m.Orders...
via-rail-reports-first-growth-in-seven-years
CANADA's national passenger train operator, Via Rail, has reported an increase in both traffic and revenue in its annual results for 2015, which it says is the first time it has achieved such growth in...
caltrain-nets-further-electrification-funding
CALTRAIN's Modernisation Program has secured an additional $US 211m investment following a seven-party agreement adopted by the agency's board of directors on May 5. The agreement increases commitments in funding from Caltrain's state and local partners,...
spain-guarantees-passenger-services-if-tp-ferro-fails
INTERNATIONAL passenger services between Spain and France will be "guaranteed" despite the critical financial situation of the high-speed line's concessionaire, according to Spain's minister of development and public works, Mrs Ana Pastor. "Our task is not...
caf-reports-39-fall-in-1q-net-profit
CAF, Spain, has reported a 39% drop in net profit for the first quarter of 2016 which fell from €14m in the first quarter of 2015 to €8.6m this year. Nevertheless CAF says its prospects...
china-railway-debt-reaches-$us-680bn
CHINA Railway Corporation (CRC) has almost twice as much debt as the Greek government, according to an external audit of the company's first quarter results, which reveals total debts reached Yuan 4.14 trillion ($US 640bn)...
db-to-sell-minority-stake-in-arriva-and-db-schenker
GERMAN Rail (DB) confirmed following an extraordinary meeting of its supervisory board in Berlin on May 4 that it will proceed with the sale of a minority stake in its international passenger business Arriva and...