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Hitachi wins race for Finmeccanica rail assets HITACHI announced on February 24 that it has reached a binding agreement with the board of Finmeccanica to acquire all of the shares in AnsaldoBreda and the Italian conglomerate's 40% stake in Ansaldo STS.
caf-reports-E805m-profit-for-2014
CAF has reported a net profit of €80.5m for 2014, with 82% of its €1.44bn net turnover coming from international sales.The company had an order backlog of €5.2bn on December 31 2014, with approximately 78%...
genesee--wyoming-to-acquire-freightliner
GENESEE & Wyoming (G&W) announced on February 24 that it has agreed to acquire a 95% stake in Britain's Freightliner Group from Arcapita and other shareholders for $US 755m in cash. G&W will assume around £8.5m...
hitachi-to-acquire-finmeccanica-rail-assets
HITACHI announced on February 24 that it has reached a binding agreement with the board of Finmeccanica to acquire all of the shares in AnsaldoBreda and the Italian conglomerate's 40% stake in Ansaldo STS. Hitachi will...
rift-valley-railways-asks-court-to-stop-fuel-levy
RIFT Valley Railways (RVR), which holds A 25-year concession to operate the Kenya-Uganda railway, has asked the Kenyan High to stop the government from charging it the mandatory monthly fuel levy. The concessionaire, which is currently...
eurostar-sales-and-passengers-up-in-2014
SALES at Eurostar increased by 1% in 2014 to £867m following a 3% increase in passengers to 10.4 million on its services from Britain to continental Europe. Eurostar cites improvements in the British economy for its...
aurizon-half-year-profits-up-despite-traffic-drop
AUSTRALIAN railfreight operator Aurizon has increased net profit by 188% to $A 308m ($US 240m) for the first half of the 2014-15 financial year ending December 31 2014, compared with the first half of 2013-14,...
ns-aims-for-stronger-financial-performance-in-2015
NETHERLANDS Railways (NS) says it is seeking to improve its financial performance this year after returning to profit in 2014. According to NS' annual results, which were published on February 12, passenger traffic increased 1% last...
sncf-revenues-up-15-in-2014
FRENCH National Railways (SNCF) reported revenues of €27.24bn in 2014, despite the continued difficult economic environment in France, which included a 7-10% increase on domestic passenger travel VAT rates and a 5% rise in track...
brazil’s-cosan-proceeds-with-all-takeover
COSAN Logistics has been granted approval by Brazil's anti-trust regulator Cade to proceed with a takeover of the country's largest railway operator Latin American Logistics (ALL) through its Rumo Logistics subsidiary, which is expected to...
talgo-evaluates-options-for-€400m-ipo
SPANISH rolling stock manufacturer Talgo has selected JP Morgan, Santander, and Nomura as banking advisors to evaluate the possibility of launching an initial public offering on the Madrid stock exchange, which is provisionally valued at...