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Eurostar reports strong first quarter growth THE number of passengers travelling by Eurostar high-speed services between London, Paris and Brussels increased by 3% to 2.3 million, while revenue grew by 7% to £227m during the first quarter of 2014.
eurostar-reports-strong-first-quarter-growth
THE number of passengers travelling by Eurostar high-speed services between London, Paris and Brussels increased by 3% to 2.3 million, while revenue grew by 7% to £227m during the first quarter of 2014. Eurostar says...
abellio-signs-interim-greater-anglia-franchise-deal
BRITAIN's Department for Transport (DfT) announced on April 16 that it has signed a 27-month direct award franchise agreement with Abellio for the Greater Anglia franchise, which covers the operation of around 33.3 million train-km...
rhaetian-railway-passengers-up-freight-down
RHAETIAN Railway (RhB), Switzerland's largest independently-owned railway, saw a 2.9% increase in passenger traffic last year, according to the company's annual results, which also show freight performance remains below expectations. RhB carried a total of 9.8...
no-funds-available-for-ie-bailout-says-irish-government
IRELAND's transport minister Mr Leo Varadkar has warned that the government will not allocate any additional funds to bail out struggling Irish Rail (IE), despite describing the company's financial situation as "very serious." In 2012 the...
china-increases-2014-rail-investment-budget-to-$us-116bn
CHINA Railways Corporation (CRC) has announced it will increase its 2014 investment budget to Yuan 720bn ($US 116.3bn), Yuan 20bn more than previously planned. According to a report in the official Communist Party of China newspaper...
luxembourg-railways-plans-€126m-freight-investment
LUXEMBOURG Railways (CFL) is set to invest €126m in its freight subsidiaries CFL Cargo and CFL Multimodal as part of its freight business plan for 2020, which was approved by the CFL board on March...
vossloh-optimistic-for-2014-despite-drop-in-earnings
DESPITE reporting sales of €1.31bn in 2013, an increase of 6.3% over 2012, Vossloh's Ebit fell to €54.2m from €97.5m the previous year, which equates to a fall in Ebit margin from 7.8% to 4.1%. Vossloh...
FOLLOWING weeks of speculation, GE confirmed on April 4 that it sees no possibility of acquiring Ansaldo STS from parent company Finmeccanica. GE Europe President and CEO Mr Nani Beccalli-Falco said: "When things drag on for...
VALDUNES confirmed on April 3 that its management has received permission to place the company into receivership, moving from its current safeguard procedure, which the company says is intended to initiate a bidding process for...
INDONESIA's Panghegar Group and China National Machinery Import & Export Corporation (CNMIE) have released details of a five-line Rupiah 20 trillion ($US 1.76bn) monorail project for the Indonesian city of Bandung. According to The Jakarta Globe,...