Financial Archives - Page 246 of 388 - International Railway Journal

Financial

September 3, 2019 | Financial

Via Rail reports second quarter ridership spike

RIDERSHIP on Canadian passenger operator Via Rail’s services increased by 6.4% in the second quarter of 2019 compared with the same period in 2018, according to results released on August 30.

August 30, 2019 | Australia/NZ

Freight revenue growth boosts KiwiRail profits

INCREASING freight and tourist revenues helped New Zealand’s national railway KiwiRail increase its operating surplus to $NS 55m ($US 35m) in the 2018-19 financial year, according the company’s annual results, which were announced on August 30.

August 30, 2019 | Freight

Swiss Combi to acquire 35% stake in SBB Cargo

SWISS Federal Railways (SBB) confirmed on August 30 that Swiss Combi, a company established by four Swiss transport and logistics firms, will acquire a 35% stake in its rail freight subsidiary SBB Cargo.

August 30, 2019 | North America

CN to acquire Quebec - New York line from CSX

CANADIAN National Railway (CN) announced on August 29 that it has reached an agreement with CSX to acquire more than 350km of track between Valleyfield in Quebec and Woodard in the US state of New York.

August 28, 2019 | North America

Patriot Rail & Ports sold to First State Investments

FIRST State Investments, Australia, has reached an agreement with SteelRiver Infrastructure Partners, United States, to acquire US short line railway operator Patriot Rail & Ports.

August 27, 2019 | Financial

CRRC to acquire Vossloh Locomotives

VOSSLOH has reached an agreement with CRRC Zhuzhou Locomotive Company (CRRC ZELC) to sell its Vossloh Locomotives subsidiary to the Chinese firm.

August 26, 2019 | Financial

Engie Ineo to acquire Powerlines Group

FRENCH multinational energy company Engie has reached an agreement to acquire Austrian railway electrification company Powerlines Group from private equity firm Glide Buy Out Partners.

August 26, 2019 | Financial

Revenue down but earnings up for PKP Cargo as freight market slows

POLISH freight operator PKP Cargo has announced operating revenues of Zlotys 2.45bn ($US 624.3m) for the first half of 2019, a 2.5% decrease compared with Zloty 2.15bn in the same period last year.

August 20, 2019 | Financial

Pakistan Railways achieves record income in 2018-19

PAKISTAN Railways (PR) has announced its highest ever revenue of Rs 54.6bn ($US 340.5m) for the 2018-19 financial year which it says is Rs 10bn more than in 2017-18.

August 16, 2019 | Financial

Leo Express moves into the black

CZECH train and bus operator Leo Express generated a profit for the first time last year, according to the firm’s annual results, which were published this week.

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