DUTCH regional bus and train operator Syntus is reportedly in financial difficulty and could run out of funds by next month unless its two shareholders, Netherlands Railways (NS) and Keolis, step in.
Syntus is currently losing around Euros 5m per year, and critics have suggested the company bid too low for some of the contracts it operates, particularly bus services in the Veluwe area.
In February shareholders asked CEO Mr Frank de Leeuw to stand down and Mr Cees Anker, formerly of First Group, was appointed as his successor, albeit on an interim basis. However, Anker has initiated a recovery plan for the company.
In 2010, Syntus lost the concession for the Arnhem – Winterswijk, Zutphen – Winterswijk, and Arnhem – Tiel regional lines in eastern Gelderland province to Arriva following a Europe-wide tender. The contract runs for 10 years from December 9, with an option for a five-year extension.
Syntus was one of the first companies to tender for regional train services in the Netherlands when the market was liberalised in the 1990s. The name Syntus is a contraction of "Synergie tussen trein en bus" (synergy between train and bus).
STRATHCLYDE Partnership for Transport (SPT) has appointed Systra to act as technical advisor for the turnkey contract to supply new trains, signalling and train control systems, and an upgraded control room as part of the £287.5m modernisation of the Glasgow Subway.
WABTEC subsidiary MotivePower has received an order for 10 standard-gauge MP33C diesel locomotives from Chicago Freight Car Leasing Australia (CFCLA Rail). The locomotives will be delivered next year.
CFCLA Rail is a joint venture between CFCL Australia (49%) and Marubeni Corporation, Japan (51%), and operates the largest independent locomotive lease fleet in Australia. The company also leases wagons and provides rolling stock maintenance services.
MotivePower's plant in Boise, Idaho, is currently supplying a fleet of 22 diesel locomotives to CBH, a subsidiary of Watco, United States, for use on grain trains in Western Australia.
A CHINESE manufacturer has topped the league table of the world's rolling stock manufacturers for the first time, according to a new study of the industry, which reveals CSR Corporation leapfrogged Bombardier to become the largest supplier by turnover in 2010.
DB has unveiled bold plans to double its turnover by 2020 and increase annual capital spending by nearly 27% during the next nine years. Reporting from Berlin, David Briginshaw explains the key objectives of DB's new strategy.