Financial Archives - Page 223 of 388 - International Railway Journal

Financial

July 30, 2020 | Financial

CAF revenue drops in half year results, resulting in €35m loss

SPANISH manufacturer CAF has recorded a 12% year-on-year decrease in revenue in the first half of 2020, down from €1.26bn in 2019 to €1.11bn. This resulted in a loss of €35m, down from a profit of €25m during the same period last year.

July 29, 2020 | Financial

Shift2Rail approves €75.4m funding for 19 projects

THE Shift2Rail (S2R) joint venture (JV) has announced that it will provide up to €75.4m in funding for 19 projects worth a total of €147.7m under the 2020 call for proposals for research and innovation (R&I) activities.

July 27, 2020 | Financial

North American Class 1s report shrinking revenue in second quarter

NORTH American Class 1 railways have reported a difficult second quarter, as the effects of the coronavirus pandemic caused a reduction in freight traffic. However, the railways remain confident as the economy begins its recovery.

July 27, 2020 | Financial

TfL publishes revised draft annual budget

TRANSPORT for London (TfL) has released a draft revised 2020-21 budget, which it says will allow it to balance its budget, keep its assets safe and operable, and progress an investment programme, if sufficient government funding is received.

July 26, 2020 | Technology

VDE study finds battery trains 35% cheaper than hydrogen

A study of the cost-effectiveness of battery electric multiple units (BEMU) and hydrogen electric multiple units (HEMU) as alternatives to diesel found that BEMUs could be up to €59m (35%) less expensive to buy and operate compared with their hydrogen fuel cell equivalents.

July 24, 2020 | Financial

FlixTrain calls for action over DB rescue package

THE CEO and co-founder of FlixTrain parent FlixBus, Mr André Schwämmlein, has written to the European commissioner for competition, Ms Margrethe Vestager, calling for measures to balance competition in the German rail market.

July 24, 2020 | Infrastructure

Crossrail central section opening delayed again

CROSSRAIL has announced that plans to open the central section of London’s 117.5km £18.25bn Elizabeth Line next summer are no longer achievable due to delays caused by the Covid-19 pandemic.

July 24, 2020 | Financial

Kazakhstan Railways to sell Tulpar plant while expanding night train fleet

KAZAKHSTAN Railways (KTZ) has launched a tender to sell the Tulpar Wagon Building Plant, with the winning bidder expected to supply and maintain overnight trains for KTZ.

July 23, 2020 | Financial

SNCF to receive government aid

FRENCH National Railways (SNCF) will receive financial aid from the French government to help it overcome the economic effects of the coronavirus pandemic.

July 23, 2020 | Financial

Talgo announces 29% revenue growth in first half

TALGO, Spain, has recorded revenues of €216.6m for the first half of this year, a €48.8m (29%) increase compared with the same period in 2019.

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