Financial

GERMAN Rail (DB) subsidiary DB Regio NRW has placed orders worth a total of Euros 215m with two manufacturers for 42 emus, which will operate suburban and regional services in…
SWISS Federal Railways (SBB) recorded a net profit of SFr 338.7m ($US 378.3m) last year, a 13.5% increase on 2010. Revenues were up by 3.4% to SFr 8bn, while Ebit…
THE British government has shortlisted 13 prequalified bidders for three rail franchises which will be awarded in 2013 in what it describes as the biggest programme of refranchising since the…
THE CEO of German Rail (DB) Dr Rüdiger Grube announced DB's strategy for 2020 in Berlin today.
BRAKE and component supplier Knorr-Bremse increased turnover by 14% in fiscal 2011 to Euros 4.24bn due to its "strong global position in the rail vehicle systems and commercial vehicles sectors."
INDIA's new railway minister, Mr Mukul Roy, wasted little time in rolling back many of the reforms proposed in his predecessor, Mr Dinesh Trivedi's, 2012-13 railway budget after he was…
IN a report released on Monday, China's auditing authorities claim that Yuan 491m ($US 78m) was embezzled from the Beijing - Shanghai high-speed project. The audit of the line, which…
The Swiss Federal Council has recommended payments of SFr 6.62bn ($US 7.44bn) to maintain Switzerland's railway infrastructure under the terms of the 2013 - 2016 performance agreement with Swiss Federal…
Rift Valley Railways (RVR), the concessionaire which operates the Kenya-Uganda Railway, has received the first $US 49m tranche of a $US 168m loan secured from the International Finance Corporation last…
CAF has secured a Riyals 553m ($US 147.5m) contract with Saudi Railways Company (SAR) to supply five push-pull diesel passenger trains for the North-South Railway.
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