Financial Archives - Page 233 of 388 - International Railway Journal

Financial

April 21, 2020 | Policy

Unife and CER call for rail to be included in EU recovery plan

THE European Railway Industry Association (Unife) and the Community of European Railways and Infrastructure Managers (CER) call for rail to be included in the EU’s post-Covid-19 recovery plan.

April 21, 2020 | Financial

Investment fund takes 92.5% stake in Italian freight operator

ITALIAN infrastructure fund manager F2i SGR and the National Association of Insurance Companies (Ania) have announced the acquisition of a majority stake in privately-owned freight rail operator Italian Railway Company (CFI).

April 20, 2020 | Financial

ÖBB achieves higher profit in 2019 but revises 2020 budget

AUSTRIAN Federal Railways (ÖBB) says total revenue rose slightly in 2019 to €6.9bn with pre-tax profit increasing from €168m in 2018 to €169m in 2019.

April 20, 2020 | Financial

Austria grants temporary PSO to ÖBB and Westbahn for Vienna - Salzburg route

AUSTRIA’s Federal Ministry for Climate Protection has temporarily awarded Westbahn and Austrian Federal Railway (ÖBB) a public service obligation (PSO) contract to operate an hourly service between Vienna and Salzburg.

April 16, 2020 | Policy

Rail industry faces strong growth post-coronavirus, UBS says

A UBS report has found that the Covid-19 pandemic could accelerate the shift of passengers from air to rail, post-lockdown, with greater than expected growth in the rail industry over the next 10 years.

April 16, 2020 | Infrastructure

Virgin Trains USA granted $US 600m in bonds for Las Vegas HS project

CALIFORNIA’s Debt Limit Allocation Committee has approved $US 600m in tax-exempt bonds for the $US 4.8bn Virgin Trains USA high-speed project between Las Vegas and Victorville.

April 15, 2020 | High-speed

HS2 contractors set to proceed with phase one detailed design and construction

BRITAIN’s Department for Transport (DfT) has issued a formal notice to proceed with detailed design and construction of the first 225km phase of HS2, the high-speed link between London, Birmingham and Lichfield, to the joint venture contractors working on the project.

April 10, 2020 | Financial

IRJ in brief - Financial: IVU posts best ever results; profit down for Bane Nor subsidiary; Knorr-Bremse posts strong results

Germany: IVU Traffic Technologies has announced the best results in the company’s 40-year history, with revenue (€88.8m), gross profit (€62.1m), and Ebit (€10.5m) significantly higher in 2019 than in 2018.

April 9, 2020 | Financial

AllRail calls for action to prevent private operators from going out of business

THE Alliance of Passenger Rail New Entrants (AllRail) says that the Covid-19 pandemic has led to an unprecedented crisis for independent passenger rail operators and predicts that some could disappear as early as this month.

April 9, 2020 | Financial

Passenger numbers up for BLS in 2019, as BLS Cargo faces tough 2020

SWITZERLAND’s second-largest operator BLS carried 67.7 million passengers on its rail and bus services in 2019, 1.7 million more than in 2018, the company’s annual results show.

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