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Balfour Beatty and Carillion in merger talks BALFOUR Beatty and Carillion have announced that they are in talks over a possible merger that could create a £3bn construction and services business.
balfour-beatty-and-carillion-in-merger-talks
BALFOUR Beatty and Carillion have announced that they are in talks over a possible merger that could create a £3bn construction and services business. In a joint statement issued on July 24, the two companies confirmed...
record-first-half-ridership-for-db
GERMAN Rail (DB) published its financial results for the first half of 2014 on July 24, revealing that ridership on its trains in Germany increased by 10 million year-on-year to just over 1 billion passengers. However,...
izmir-seeks-ebrd-loan-to-fund-metro-train-order
IZMIR Metropolitan Municipality, Turkey, is trying to obtain a loan from the European Bank for Reconstruction and Development (EBRD) to fund the acquisition of additional light metro trains. If the loan application is successful, Izmir plans...
stadler-forms-azerbaijani-joint-venture
STADLER Rail has formed a joint venture in Azerbaijan with local partner International Railway Distribution as part of its strategy to increase sales in the CIS region. Stadler will hold a 51% share in the new...
cp-announces-47-increase-in-second-quarter-net-income
CANADIAN Pacific Railway (CP) has reported net income of $C 371m ($US 344m) for the second quarter of 2014, a 47% increase on the $C 252m net income recorded for the second quarter of 2013....
amtrak-seeks-federal-response-to-funding-challenges
With funding always in doubt from one year to the next, US national inter-city rail operator Amtrak has been carried on the political wind for most of its 43 year existence. But with traffic rising...
philadelphia-septa-steps-back-from-the-brink
Philadelphia is the United States' fifth largest city and boasts one of the country's most extensive urban and suburban rail networks, but decades of underinvestment have brought the system close to the brink of collapse....
indian-government-favours-foreign-investment-in-rail
OUTLINING structural reforms for India's rail network by splitting the policy making and operational functions, India's BJP-led NDA government has backed the previous UPA government's initiatives to allow 100% Foreign Direct Investment (FDI) in the...
aurizon-suspends-work-on-queensland-coal-projects
AUSTRALIAN railfreight operator Aurizon says that as a direct consequence of current market conditions, and the longer-term outlook in the global and domestic resources sector, it has suspended its involvement in two coal terminal projects...
rationalisation-plan-pays-off-for-slovenian-railways
Slovenian Railways' (SZ) freight business was badly affected by the recession, its network suffered damage from winter storms in February, and its international passenger business is in decline. SZ's general manager, Mr Dusan Mes (pictured),...