Financial

FRENCH National Railways (SNCF) has turned a 2016 first half loss of €159m into a profit of €119m for the first half of 2017 thanks to a 3.7% increase in…
THE European Commission (EC) decided on July 25 to allocate €110.5m to the Rail Baltica project, and also confirmed that funding agreements would be signed by the end of November.
ANNOUNCING its latest financial results, Bombardier Transportation reported second-quarter growth of just 1% to $US 1.975bn compared with first-half growth of 2% to $US 3.9bn. However, order intake grew by…
GE Transportation announced on July 27 that locomotive production will cease at its plant in Erie, Pennsylvania, at the end of next year with the loss of 575 jobs.
GERMAN company Vossloh’s second quarter results of 2017 show that net sales rose by 16.7% to €492.2m after six months compared with the previous year, while the group’s Ebit rose…
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,…
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