Financial Archives - Page 211 of 388 - International Railway Journal

Financial

October 22, 2020 | Financial

CSX reports 14% fall in earnings in Q3

UNITED States Class 1 railway CSX has reported that net earnings for the third quarter of this year fell by 14% to $US 736m, from $US 856m in the same period in 2019, due to the continued impact of the Covid-19 pandemic and a $US 5bn share buyback.

October 22, 2020 | Policy

Welsh government takes control of rail franchise

THE Welsh government has announced that it will bring the Wales and Borders rail franchise under public control, effectively nationalising passenger rail operations in the country.

October 22, 2020 | High-speed

DB unveils four potential routes for Ulm - Augsburg HS line

GERMAN Rail (DB) has presented four potential corridors for the new Ulm - Augsburg high-speed line, which will support journeys of 26 minutes between the two cities, at speeds of 300km/h.

October 21, 2020 | Infrastructure

L&T preferred bidder for Mumbai - Ahmedabad HS contract

INDIA’s National High Speed Rail Corporation (NHSRCL) has named Larsen & Toubro (L&T) as the preferred bidder for a Rs 249.85bn ($US 3.39bn) contract to construct a section of the Mumbai - Ahmedabad high-speed line.

October 21, 2020 | Financial

SJ announces new route and timetable for Umeå overnight trains

SWEDISH state-owned operator SJ has announced the introduction of a new route and timetable for its Umeå overnight services, which will shorten travel times and benefit residents of the Västerbotten and Västernorrland regions.

October 21, 2020 | Policy

TfL faces possible government seizure if support negotiations fail

BRITISH transport secretary, Mr Grant Shapps, has reportedly threatened to take Transport for London (TfL) into direct government control unless London accepts a proposed £1bn bailout package for the operator, which includes a list of additional measures.

October 19, 2020 | Financial

Baden-Württemberg wants to be Germany’s Number One railway state

THE German state of Baden-Württemberg intends to become Germany’s “number one railway state” with a pledge from the premier, Mr Winfried Kretschmann, to substantially increase state funding for new rail projects.

October 19, 2020 | Policy

European Parliament approves measures to protect Channel Tunnel post-Brexit

MEMBERS of the European Parliament (MEPs) have endorsed two proposals aimed at maintaining the same set of rules for the Channel Tunnel following Britain’s exit from the European Union.

October 19, 2020 | Financial

Pays de la Loire secondary line funding plan announced

THE French region of Pays de la Loire announced a draft agreement with the national government regarding funding for the maintenance of secondary lines on October 16.

October 17, 2020 | News

Salcef purchases 90% share of Delta Railroad Construction

A subsidiary of Italian-based Salcef Group has acquired 90% of the share capital of United States-based railway construction and maintenance company Delta Railroad Construction.

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