FOLLOW US:

Financial

image
CRRC first-half profits up while overseas revenue soars THE world's largest train builder, China's CRRC Corporation, has posted a 6.85% increase in profit "attributable to the owner" and a 61.2% jump in overseas revenue for the six months up to June 30.
crrc-first-half-profits-up-while-overseas-revenue-soars
THE world's largest train builder, China's CRRC Corporation, has posted a 6.85% increase in profit "attributable to the owner" and a 61.2% jump in overseas revenue for the six months up to June 30.This is...
spanish-2016-budget-maintains-hs-rail-spending
RAIL will remain Spain's transport priority according to the draft budget for 2016 which allocates more than half of spending to rail projects with a special focus on completing the extensive high-speed network.According to the...
heads-roll-in-major-db-restructuring-as-profits-tumble
German Rail (DB) has launched a major restructuring of its organisation and a reduction in its management team in the wake of an 18.2% drop in Ebit for the first half of 2015, and a...
dsb-undergoes-restructuring
DANISH Railways (DSB) has confirmed that the company is being restructured into two primary divisions: operations, with a focus on operation and maintenance, and commercial, which focuses on customers, products and revenues. The changes will...
fs-prepares-for-partial-privatisation-in-2016
Italian State Railways is on course to become the first European integrated national railway to sell a minority stake to private shareholders. FS Group CEO, Mr Michele Mario Elia, took time during the UIC's high-speed...
new-zealand-government-confirms-kiwirail-subsidy
THE government of New Zealand has offered a financial lifeline to embattled state-owned railway KiwiRail by committing to a $NZ 200m ($US 130.7m) annual subsidy for the railway.Finance minister Mr Bill English says the subsidy...
rio-light-rail-project-secures-bndes-loan
BRAZIL's National Bank for Economic and Social Development (BNDES) has approved a Reais 746.5m ($US 212.8m) loan for Rio de Janeiro's 28km Porto Maravilha light rail project. The loan was issued to the VLT Carioca consortium...
arcus-infrastructure-sells-stake-in-angel-trains
BRITISH rolling stock leasing company Angel Trains announced on August 18 that two of its existing shareholders, Australian pension fund AMP Capital Investors and PSP Investments, Canada, have acquired the entire stake previously held by...
aurizon-profits-soar-despite-static-traffic
AUSTRALIA's largest railfreight operator, Aurizon has reported a 139% increase in statutory net profit after tax to $A 604m ($US 443.8m) for the 2015 financial year despite traffic remaining relatively flat.Total revenue for fiscal 2015...
asciano-board-backs-brookfield-takeover-bid
THE board of Australian logistics group Asciano has recommended that shareholders accept a bid from Brookfield Infrastructure Partners for 100% of the company, which includes Pacific National, Australia's second largest railfreight operator. The deal will see...