THE steering committee of Italian open-access high-speed operator NTV voted on September 24 to restructure its debts, with shareholders expected to contribute capital, while the company has also decided to withdraw Italo services to the Adriatic Coast from the start of the 2015 timetable on December 15.
BRITAIN's Department for Transport has directly awarded Southeastern a three-and-a-half year contract to continue operating the integrated Kent Franchise until June 2018.
POLAND's largest railfreight operator PKP Cargo has announced that it is in acquisition talks with the owners of three open-access freight operators in Poland and the Czech Republic.
EQT Infrastructure II, a €1.9bn equity fund, is to take a majority stake in Hector Rail, a private Swedish railfreight company which operates trains in Scandinavia and Germany.
BRITISH infrastructure manager Network Rail (NR) has awarded nine suppliers a total of 20 five-year framework enhancement and renewal contracts worth a combined £1.6bn for its London North Western and East Midlands routes.
BALFOUR BEATTY announced on September 3 that it has sold its engineering and design consultancy subsidiary Parsons Brinckerhoff (PB) to WSP Global, Canada, for £820m ($US 1.35bn).
THE WORLD's largest rolling stock manufacturers CNR and CSR have suspended trading of their shares following reports in the Chinese media that the Chinese government is looking to merge the two companies.
SWISS Federal Railways (SBB) published its first half results on September 1, revealing a 3% rise in daily passenger traffic, which increased to 1.002 million, and 27% year-on-year growth in freight traffic, which reached 7.6 billion net tonne-km.
POLISH rolling stock manufacturer Newag issued its first half results on August 29, with net profits rising 147% to Zlotys 35.8m ($US 11.1m) and revenue reaching Zlotys 391.9m, a 37% increase compared with the corresponding period in 2013.
CHINA Railways Corporation (CRC) has reported a loss of Yuan 5.36bn ($US 870m) after tax for the first half of this year, compared with a profit of Yuan 2.57bn in the first half of 2013.