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December 13, 2019 | Financial

Transport for London publishes draft five-year Business Plan

TRANSPORT for London (TfL) has published its draft five-year Business Plan for the 2020-21 to 2024-25 period, which forecasts a decrease in operational costs and an operating surplus by 2022-23.

December 10, 2019 | Asia

Moving on up: JR East’s 10-year strategy

JR East is two years into the 10-year Move-Up 2027 strategic plan which is redefining the railway’s business in response to changing social structures in Japan.

December 5, 2019 | Infrastructure

Ireland announces €1bn five-year investment programme

IRELAND’s minister for transport, tourism and sport, Mr Shane Ross, announced a €1bn five-year investment programme for the country’s rail infrastructure on December 2, a 40% increase on the previous programme.

December 5, 2019 | Freight

SBB Cargo launches Dutch subsidiary

SBB Cargo International has launched a new subsidiary, SBB Cargo Netherlands, which will begin operation from the start of the 2019-2020 timetable change.

December 4, 2019 | Financial

DB to pursue Arriva sale in 2020

GERMAN Rail (DB) CEO Dr Richard Lutz has stated that he intends to pursue plans to sell the British-based Arriva international passenger transport subsidiary in 2020.

December 4, 2019 | Europe

RZD sells majority stake in Transcontainer for $US 943m

RUSSIAN Railways (RZD) has sold its 50% plus two shares stake in Transcontainer to Delo Group for Roubles 60.3bn ($US 643m) following a closed auction on the Moscow Stock Exchange.

December 3, 2019 | Freight

Cosco takes share in Bilk container terminal

CHINA Cosco Shipping subsidiary Ocean Rail Logistics has taken a 15% share in the Bilk container terminal near Budapest, which was previously exclusively owned by Austrian Federal Railways (ÖBB) subsidiary Rail Cargo Group (RCG).

December 2, 2019 | Financial

Alstom Network UK fined £16.4m after Tunisia tram deal corruption probe

A British court has ordered Alstom’s British subsidiary Alstom Network UK to pay £16.4m after the company was convicted in April 2018 of conspiracy to corrupt with regards to a contract to supply trams in Tunisia.

November 29, 2019 | Financial

Indian Railways to sell stake in Container Corporation of India

BUSINESS opportunities have opened for private players and global fund managers following the Indian government’s decision last week to offload shares and transfer managerial control of the Container Corporation of India (Concor) to a strategic buyer.

November 25, 2019 | Financial

German government backs rail in fight against climate change

Germany’s Climate Cabinet agreed measures to fight climate change on September 20, which includes a major boost in rail investment to encourage a switch from road and air. David Briginshaw analyses what will this mean for Germany’s railway network.

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