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KTMB aims for profit in 2015 MALAYAN Railway Corporation (KTMB) is considering measures to reduce its mounting losses and reliance on government subsidies, which could include discontinuing services on unprofitable routes, introducing higher tariffs for railfreight services and increasing passenger ticket prices.
cp-and-csx-halt-merger-talks
CANADIAN Pacific Railway (CP) announced on October 20 that it has terminated exploratory discussions with CSX Corporation on a potential merger which would have created North America's largest freight railway. In a statement CP says it...
ktmb-aims-for-profit-in-2015
MALAYAN Railway Corporation (KTMB) is considering measures to reduce its mounting losses and reliance on government subsidies, which could include discontinuing services on unprofitable routes, introducing higher tariffs for railfreight services and increasing passenger ticket...
cnr-and-hitachi-shortlisted-for-ansaldo-sale
FINMECCANICA CEO Mr Mauro Moretti confirmed to a hearing of the industry committee of the Italian Senate on October 14 that the company has shortlisted CNR and Hitachi for the acquisition of its rail assets. Moretti...
russia-and-china-agree-to-cooperate-on-high-speed
CHINA's premier Mr Li Keqiang and Russian prime minister Mr Dimitry Medvedev have overseen the signing of a memorandum of understanding between the two countries for Russia's proposed Moscow - Kazan high-speed project, which could...
british-rosco-porterbrook-changes-hands
A consortium of infrastructure investors has acquired Porterbrook Rail Finance, one of the three original rolling stock leasing companies (Roscos) set up in 1994 as part of the privatisation of British Rail. The consortium comprises...
metra-announces-$us-24-fleet-modernisation-plan
CHICAGO commuter operator Metra has announced that it will replace its ageing coaches and locomotives through a $US 2.4bn phased purchasing programme, the first long-term rolling stock plan in the history of the operator. The programme...
rail-cargo-austria-adapts-to-consolidating-freight-business
Freight has always been an important business for Austrian Federal Railways, and the company's freight unit suffered a particularly rocky ride through the economic crisis. However, as Keith Barrow reports from Vienna, Rail Cargo Austria...
how-china-builds-high-speed-rail-for-less
China has built the world's largest high-speed rail network in less than a decade and construction costs for high-speed lines are now as much as a third lower than in other countries. Gerald Ollivier, Jitendra...
abellio-wins-scotrail-franchise
SCOTLAND's transport minister Mr Keith Brown announced on October 8 that Transport Scotland has selected Netherlands Railways (NS) international passenger subsidiary Abellio to operate the ScotRail franchise, ousting First Group, which has held the contract...
new-york-state-vetoes-mta-planned-investments
NEW York Metropolitan Transportation Authority's (MTA) proposed $US 32bn five-year capital investment programme, which identifies capital needs for MTA's railway, metro and bus networks from 2015-2019, has been vetoed by a five-member New York State...