Financial

CHINA Railways Corporation (CRC) achieved a 53% increase in pre-tax profit to Yuan 60.8bn ($US 9.5bn) in 2017 compared with 2016, while the profit after tax soared by 69% to…
THE ranking of the world’s largest railway equipment suppliers is set to change when the agreed merger between GE Transportation and Wabtec comes into force, according to analysis by IRJ.
CZECH rolling stock manufacturer Škoda Transportation Group has acquired the remaining 25% stake in Finnish train builder Transtech for an undisclosed sum.
THE boards of General Electric (GE) and Wabtec approved the merger of GE Transportation with Wabtec in a deal worth $US 11.1bn on May 21. The merger will make Wabtec…
BRITAIN’s secretary of state for transport, Mr Chris Grayling, has told Parliament that he has decided to take back direct control of the InterCity East Coast franchise from the Stagecoach-Virgin…
ALSTOM achieved a 22% increase in adjusted Ebit and a 39% increase in net profit in 2017-18 despite a 28% drop in orders received and a 2% decline in its…
SWISS intermodal operator Hupac announced on May 2 that it has reached an agreement with Genesee & Wyoming to acquire the entire issued share capital of rail freight operator ERS…
German Rail’s (DB) CEO Dr Richard Lutz set out his vision for DB in the wake of the formation of a new federal government, at the national railway’s annual results…
IN an effort to spur interest from the supply sector, Norwegian infrastructure manager Bane Nor has revealed further details of the investment priorities for the NKr 120bn ($US 15.08bn) it…
AUSTRIAN Federal Railways (ÖBB) earnings reached their second-highest level in the company’s history in 2017, according its annual results, which were published on April 26.
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