Financial Archives - Page 252 of 388 - International Railway Journal

Financial

May 10, 2019 | North America

Via Rail reports growth for fourth consecutive year

CANADA’s national passenger rail operator, Via Rail, reports an increase in ridership and revenue in 2018, marking the fourth consecutive year in which growth in traffic and turnover has been achieved.

May 8, 2019 | Main line

Stagecoach launches legal action against DfT over East Midlands franchise

STAGECOACH Group announced in a regulatory statement on May 8 that its Stagecoach East Midlands Trains (EMT) subsidiary has launched legal action against the Department for Transport (DfT).

May 8, 2019 | Financial

Crossrail: behind schedule, over budget and under pressure

Londoners should have been travelling on the central section of the British capital’s new Elizabeth Line by now, but the £14.8bn Crossrail project is unlikely to open until 2021 and will cost even more than revised estimates. David Briginshaw reports on the project’s difficulties.

May 7, 2019 | Financial

“Exceptional commercial momentum” takes Alstom order backlog to €40.5bn

ALSTOM booked orders with a total value of €12.1bn during the 2018-19 financial year, taking its backlog to a record €40.5bn, according to the company’s annual results, which were published on May 7.

May 7, 2019 | Infrastructure

Network Rail aims to reverse declining performance as new funding period begins

Network Rail has released its delivery plan for Control Period 6, outlining its spending priorities for the £42bn it is due to receive from government over the next five years. David Burroughs looks at how this money will be used, and what it means for the regions.

May 3, 2019 | Australia/NZ

KiwiRail appoints new CEO

NEW Zealand’s national railway KiwiRail announced on May 3 that former chairman Mr Greg Miller has taken up the role of group CEO, effective immediately.

May 2, 2019 | Financial

Masabi raises $US 20m in growth funding

DIGITAL ticketing developer Masabi announced on April 30 a $US 20m growth funding round with investment led by Smedvig Capital with MMC Ventures and other existing investors.

May 2, 2019 | Asia

China Railway profit up 12.4% in 2018

CHINA Railway Corporation (CRC) achieved record profits in 2018 according to the company’s latest earnings report.

May 1, 2019 | Central/South America

IDB to finance Uruguay’s Central Railway project

IDB Invest, the private sector arm of the Inter-American Development Bank (IDB), confirmed on April 30 that it has approved a financing package worth around $US 500m for Uruguay’s Central Railway Project.

April 30, 2019 | Financial

ÖBB reports drop in earnings as freight competition intensifies

AUSTRIAN Federal Railways (ÖBB) reported its annual results for 2018 with earnings before tax (EBT) of €151m, down 14% from €176m in 2017.

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