Financial Archives - Page 228 of 388 - International Railway Journal

Financial

June 11, 2020 | Africa

Ethiopia-Sudan standard gauge project study secures funding

THE proposed project to construct a 1522km standard gauge line from Addis Ababa to Khartoum has secured the funding required to commence a two-year comprehensive feasibility study.

June 9, 2020 | Main line

SNCB CEO criticises 10-free rail journey pass plan

BELGIAN National Railways (SNCB) CEO, Ms Sophie Dutordoir, has criticised plans announced by the Belgian government to offer all residents a 10-free journey rail pass as part of a package of measures to boost domestic tourism and the economy.

June 8, 2020 | Financial

FS increases profitability in 2019

ITALIAN State Railways (FS) recorded a 5.4% rise in gross operating profit to €2.6bn in 2019, and a 16.1% jump in operating profit to €800m, while final profit rose by 4.5% to €584m.

June 5, 2020 | Commuter Rail

DB wins VVO diesel network concession

DB Regio has been selected by Oberelbe Transport Authority (VVO) for a 10-year concession to operate the VVO-diesel network in the Dresden area.

June 5, 2020 | Technology

IRJ In-Brief - Technology: Teltronic unveils communications rack; Luxembourg signs up to Erex; Wabtec launches onboard air-filtration system

Spain: Teltronic has unveiled the RTP-800, a new generation onboard system that integrates Tetra, LTE and Wi-Fi for critical voice and data communications into a single rack.

June 4, 2020 | Financial

Rail to benefit from German stimulus package

RAIL transport will benefit from the German federal government’s €130bn economic stimulus package through a cut in VAT and funding for local public transport.

June 4, 2020 | Freight

CP completes Central Maine & Quebec Railway acquisition

CANADIAN Pacific (CP) has completed the acquisition of the US portion of the Central Maine & Quebec Railway (CMQ), finalising CP’s purchase of the entire CMQ network. CP purchased the 381 route-km Central Maine & Quebec Railway Canada network in Quebec in December 2019.

June 4, 2020 | Main line

Indonesia combines Jakarta - Bandung and Jakarta - Surabaya projects

INDONESIA is reportedly combining the Chinese-led Jakarta - Bandung high-speed project with the Japanese-led Jakarta - Surabaya project, in order to ensure they remain economically viable.

June 3, 2020 | Freight

NS restructures following CSO Scheib’s departure

NORFOLK Southern’s chief strategy officer, Mr John Scheib, left the US Class 1 railway on June 1, prompting several “organisational enhancements” at the railway.

June 3, 2020 | Podcasts

The Rail Equipment Leasing Market with David Nahass

How deep is the current downturn in the operating lease market? Will there be fundamental changes in the lease market related to the mix of softening demand, PSR and modal change that will have a permanent impact on railcar demand? Railway Age Financial Editor David Nahass asks three experts.

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