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JR Kyushu set for stock exchange listing JAPAN's Ministry of Land, Infrastructure, Transport and Tourism (MILT) announced on January 27 that Kyushu Railway Company (JR Kyushu) will be listed on the Tokyo stock exchange in the 2016 financial year, becoming the fourth of the former Japanese National Railways (JNR) companies to do so.
greece-to-review-rail-privatisation
GREECE's newly-elected leftist government has announced it is to carry out a review into the country's rail privatisation programme, which is in its final stages. Energy and Environment minister Mr Panagiotis Lafazanis told Greek radio station...
jr-kyushu-set-for-stock-exchange-listing
JAPAN's Ministry of Land, Infrastructure, Transport and Tourism (MILT) announced on January 27 that Kyushu Railway Company (JR Kyushu) will be listed on the Tokyo stock exchange in the 2016 financial year, becoming the fourth...
eib-to-fund-london-underground-extension
THE European Investment Bank (EIB) has agreed to fund £480m towards the extension of London Underground's Northern Line to Battersea, which is due to be operational by 2020.The long-term loan represents nearly 50% of the...
record-canadian-national-freight-volumes
CANADIAN National (CN) has reported a net profit of $C 3.17bn ($US 2.55bn) in 2014, compared with $C 2.61bn in 2013. Operating income rose last year by 19% compared with the previous year to $C...
another-record-year-for-norfolk-southern
NORFOLK Southern (NS) announced its annual results on January 26, revealing record revenues for the fourth consecutive year despite a continued downturn in the coal business. Railway operating revenues increased 3% to reach $US 11.6bn, driven...
union-pacific-net-earnings-up-18-in-2014
UNION Pacific (UP) increased net earnings by 18% to $US 5.2bn last year, up from $US 4.4bn in 2013, while it says operating income was also up 18% at $US 8.8bn. Freight income was 9%...
eurotunnel-reports-traffic-and-revenue-increase
EUROTUNNEL has announced record revenues for 2014, following a 7% growth in consolidated revenues, which reached €1.2bn.Cross-channel railfreight saw the largest area of growth, with 14% more trains and a 21% increase in tonnage to...
vossloh’s-largest-shareholder-to-bid-for-company
KB Holding, which has a 29.99% holding in Vossloh, plans to offer between €48 and €49 per share for the remaining 70% of the company.This is considerably below Vossloh's current share price, which suggests that...
investment-group-acquires-eversholt-rail
EVERSHOLT Investment Group announced on January 20 that it has reached an agreement to sell 100% of British rolling stock leasing company Eversholt Rail to Luxembourg-registered CK Investments, which is jointly owned by Hong Kong-based...
court-declares-tazara-staff-strike-illegal
THE High Court in Tanzania has declared the strike by Tanzania Zambia Railway Authority (Tazara) workers illegal, bringing the week-long protest over five month salary arrears to an end.The court's Labour Division declared that the...