THE finances of Austrian Federal Railways (ÖBB) continued to improve last year according to the railway's newly-published annual results, which show a continuation of the turnaround achieved in 2012.
AFTER several years of poor or mixed results, Austrian Federal Railways (ÖBB) achieved a strong turnaround in 2012 with a return to profitability.
RAIL Cargo Group (RCG), the recently-renamed railfreight subsidiary of Austrian Federal Railways' (ÖBB), achieved a higher than forecast Ebit last year of €56m compared with a budgeted profit of €13m.
THE board of Rail Cargo Austria (RCA) has approved several measures intended to improve the performance of the company, which has suffered huge losses in the wake of the global economic crisis.
AFTER several consecutive years in the red, Austrian Federal Railways (ÖBB) railfreight subsidiary Rail Cargo Austria (RCA) is seeking to improve its financial situation by selling wagons to one of its subsidiaries.
EUROPEAN railfreight transport operators are continuing to suffer from low profitability despite considerable increases in traffic since the height of the world financial crisis in 2009, according to the latest European Railfreight Transport Market 2012 study released by SCI Verkehr.
