Financial

THE rail division of First Group, Britain, saw a 26.2% drop in profit from £72.9m for the year ending March 31 2016 to £53.8m in 2016-17, while its operating margin…
OVER the last year, Brazil’s already-struggling railway construction programme has endured a rough ride as political turbulence and a fiscal crisis have restrained government spending. However, these are not the…
CZECH open-access operator Leo Express has submitted a bid for German long-distance operator Locomore, which filed for insolvency earlier this month.
A CONSORTIUM led by General Electric (GE) and including Transnet, South Africa, has been named preferred bidder by the Nigerian government for a concession to rehabilitate, finance and operate Nigerian…
THE New Zealand government has revealed that it will invest $NZ 450m ($US 318m) in KiwiRail, $NZ 436m in Auckland city’s rail link, and $NZ 98.4m in Wellington’s commuter rail…
INTERNATIONAL freight wagon supplier Greenbrier and Romanian wagon manufacturing, engineering and repair company Astra Rail have received all required regulatory approvals from relevant antitrust officials to merge Greenbrier Europe with…
ACCORDING to a global study of railway infrastructure suppliers by SCI Verkehr, while Siemens and Voestalpine are still the market leaders, Chinese manufacturers are catching up, which SCI says is…
IRJ at UITP Global Summit 2017, Montreal: Following recent speculation that Bombardier and Siemens are in discussions to merge the two companies’ railway equipment manufacturing divisions, Bombardier Transportation CEO Mr…
VIA Rail Canada recorded a 4.1% increase in ridership to 3.97 million journeys in 2016 and 1.37 billion passenger-km, while revenue jumped by 9.5% from $C 297.8m ($US 218.75m) in…
ONLINE travel company Expedia announced on May 11 that it has entered into a definitive agreement to acquire a majority stake in British rail ticketing and distribution specialist SilverRail Technologies.
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