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.
NEW ZEALAND's national railway KiwiRail has posted losses of $NZ 248m ($US 208m) for the 2013-14 financial year, which ended on June 30 2014, compared with a deficit of $NZ 174m in the previous financial year.
FINLAND's national train operator VR Group has reported increased profits for the second quarter but while there was growth in the freight business passenger traffic declined.
AUSTRALIAN railfreight operator Aurizon has indicated it may consider selling off a major share in its 'below rail' Network Access business as a means of raising capital for major projects aimed at increasing its volumes in the bulk-coal and iron-ore markets.
BRITAIN's Department for Transport revealed the list of prequalified bidders on August 19 for the contracts to operate the new Northern and TransPennine Express (TPE) franchises from 2016.
NETHERLANDS Railways (NS) could be poised to acquire a stake in Thalys, the operator of high-speed services between Paris, Brussels, Amsterdam, Cologne, and Essen, according to reports in the Dutch media.