Financial

GERMAN Rail (DB) announced on July 26 that it will raise its profit forecast for 2017 amid record ridership on German long-distance services and revenue growth at international subsidiaries Arriva…
BEACON Rail Leasing announced on July 21 that it has concluded the acquisition of the fleet of class 220 and 221 Voyager inter-city DEMUs operated by British franchises Virgin Trains…
BOREALIS Infrastructure, Canada, and Ontario Teachers’ Pension Plan announced on July 14 that they have entered into a definitive agreement to sell their 30-year concession to own, operate and manage…
GRUPO México has completed the acquisition of Florida East Coast Holdings (FEC), the owner of Florida East Coast Railway, through its transport business unit, Grupo México Transportes (GMXT).
ABELLIO Germany announced on July 12 that it will become sole shareholder in German regional operator Westfalenbahn after reaching an agreement with its partners in the business, MoBiel, Mindener Kriesbahnen,…
TRAIN driving simulation specialists Corys, a subsidiary of Areva (66%) and EDF (34%), and RSI, a subsidiary of IFP training, have agreed to merge.
AUSTRIA’s railway network carried a total of 288.8 million passengers in 2016, an increase of 6.4 million from 2015, according to figures released by Austrian rail regulator Schienen-Control in its…
SAUDI Arabia’s Public Transport Authority (PTA) has announced that it is seeking to enter into a long-term partnership with leading international railway companies and investors to provide passenger and freight…
CANADIAN engineering company SNC-Lavalin has confirmed the acquisition of consultancy company Atkins for a $C 3.6bn ($US 2.77bn).
BRITAIN’s National Audit Office (NAO) has published findings of an investigation into the Sheffield to Rotherham tram-train scheme, and has discovered Network Rail’s (NR) original cost has quadrupled, the cost:benefit…
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