Financial

POWERLINES Group, Austria, has acquired the 50% stake held by Carillion in the Carillion-Powerlines joint venture, increasing its holding to 100% of the company, which is working with Network Rail…
THE merger of Siemens’ mobility business and Alstom reached a milestone on March 23 with the signing of a Business Combination Agreement (BCA) setting out terms and conditions agreed by…
GERMAN Rail (DB) achieved a 5.2% increase in revenue in 2017 to €42.7bn which translated into a 37.1% jump in pre-tax profit to €968m, a 2.8% rise in adjusted Ebitda…
SWISS Federal Railways (SBB) published its annual results on March 20, revealing an increase in income despite heavy losses in the struggling domestic rail freight market.
GERMANY's Federal Cartel Office has approved the acquisition by VTG of the Nacco Group, Europe’s fourth largest wagon leasing company, from CIT Rail Holdings Europe, subject to certain conditions. VTG…
BRITAIN’s Department for Transport (DfT) has invited promotors and investors to come forward with financially-credible projects to build new lines or enhance the rail network, starting with a new southern…
GREEK privatisation agency the Hellenic Republic Asset Development Fund (HRADF) says national train operator Trainose has submitted the only bid in the sale of a 100% stake in Hellenic Company…
THE French prime minister, Mr Edouard Philippe, conducted the first meetings on February 19 to discuss the reform of French National Railways (SNCF) following the submission to him on February…
CANADIAN National (CN) announced on March 5 that its CEO Mr Luc Jobin is leaving the company with immediate effect following a period of operational difficulties which has drawn sharp…
SWISS Federal Railways (SBB) rail freight subsidiary SBB Cargo has revealed plans to substantially restructure its business operations over the next few years as it grapples with falling demand for…
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