Financial

THE government of New South Wales has stepped in with a $A 175m ($US 186m) bailout of the troubled $A 3.6bn Reliance Rail public-private partnership (PPP) in an attempt to…
February 24, 2012

Record year for CN

CANADIAN National reported a 9% year-on-year increase in revenues to a record $C 9.03bn ($US 9.02bn) in 2011.
PAKISTAN Railways is to issue a tender for a third time for procurement of 150 new locomotives.
AUSTRIAN Federal Railways (ÖBB) CEO Mr Christian Kern has warned the company faces a "real struggle" to meet customer demand as Austria's coalition government continues to squeeze its budget.
PLANS have been drawn up to restructure Italy's loss-making train manufacturer AnsaldoBreda with a view to achieving a balanced budget by 2014. This follows the breakdown of negotiations to sell…
INVESTIGATIONS by Germany's competition authority have revealed that DB Networks was the victim of a steel price-fixing cartel which operated between 1998 and 2008.
THE Czech Railway Infrastructure Administration (SŽDC) has issued a tender for the construction of a new line between Plzen and Rokycany, which will reduce journey times between Prague and Plzen…
BRAZIL'S Federal Transport Infrastructure Department has allocated a budget of Reais 1.85bn for various rail projects around the country this year, according a report by Business News Americas.
THE UNITED States House transportation committee has proposed extending the deadline to install Positive Train Control (PTC) technology by five years from December 31 2015 to December 31 2020.
LOCOMOTIVE production at EMD's London, Ontario, plant is to cease after months of contract negotiations between parent company Caterpillar and the Canadian Auto Workers (CAW) union failed to reach an…
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