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FS profit jumps by 53% in 2015 ITALIAN State Railways (FS) achieved a 53% increase in net profit to €464m in 2015 thanks to growing passenger traffic both in Italy and Germany, particularly from its domestic high-speed services.
rzd’s-revenues-and-profit-up-in-2015
RUSSIAN Railways (RZD) reported a 10.8% year-on-year increase in revenues to Roubles 1.99 trillion ($US 30.97bn) in 2015 following growth in freight traffic and infrastructure access revenues during the year. Revenues grew by 7.7% compared with...
sofia-metro-line-3-secures-eu-funding
THE European Commission (EC) has approved the allocation of €368m from the European Regional Development Fund to support construction of Sofia metro Line 3. The funding is specifically for the first 8km phase of Line 3,...
shinkansen-demand-drives-jr-group-to-record-profits
INCREASING ridership on Shinkansen services helped the three Japan Railways Group (JR Group) companies listed on the Tokyo stock exchange to achieve record consolidated sales and operating profits for the 2015 financial year, according to...
öbb-eyes-international-growth-as-profits-climb
AUSTRIAN Federal Railways (ÖBB) has confirmed it plans to focus on the development of its international passenger and freight business as the company's financial performance continues to improve. Unveiling ÖBB's annual results in Vienna on April...
evraz-reports-strong-growth-in-rail-products-sales
EVRAZ has reported a 12.5% increase in the sale of railway products including rails from 362,000 tonnes in the last quarter of 2015 to 408,000 tonnes in the first quarter of 2016, and a 2%...
fs-profit-jumps-by-53-in-2015
ITALIAN State Railways (FS) achieved a 53% increase in net profit to €464m in 2015 thanks to growing passenger traffic both in Italy and Germany, particularly from its domestic high-speed services.Operating revenues grew by €194m...
italian-rail-network-embarks-on-spending-spree
Italy's infrastructure manager, Italian Rail Network (RFI), will receive a massive injection of additional government funds to invest in upgrading the network and increasing capacity. Maurizio Gentile, RFI's CEO, explains to David Briginshaw how the...
fs-eyes-improvements-ahead-of-privatisation-in-2017
Renato Mazzoncini was appointed CEO of Italian State Railways (FS) on December 1 2015 following the resignation of the entire FS board on November 26 because of a failure to agree on how to privatise...
canadian-pacific-abandons-norfolk-southern-merger-bid
CANADIAN Pacific (CP) announced on April 11 that it has abandoned its bid to merge with Norfolk Southern (NS), including the withdrawal of a resolution asking NS shareholders to vote in favour of good-faith negotiations...
rhaetian-railway-in-profit-despite-ridership-decline
RHAETIAN Railway (RhB), Switzerland's largest metre-gauge operator, remained profitable in the 2015 financial year despite falling passenger numbers and challenging economic conditions. According to the railway's annual report, which was published on April 6, passenger numbers...