Financial Archives - Page 253 of 388 - International Railway Journal

Financial

April 30, 2019 | North America

CN revenues defy winter freeze

CANADIAN National Railway (CN) increased revenues in the first quarter of 2019 despite the extremely severe winter in Canada and the northern United States, according the Class 1’s latest financial results, which were published on April 29.

April 29, 2019 | Financial

NS closes Dublin-based rolling stock leasing business

NETHERLANDS Railways (NS) has closed its Dublin-based subsidiary NS Financial Services (NSFS) after selling the unit’s last remaining rolling stock assets.

April 29, 2019 | Policy

Pepy sets goals for his last eight months as SNCF president

SPEAKING to the French newspaper Le Journal du Dimanche, Mr Guillaume Pepy set out his objectives before he steps down in December as president and CEO of French National Railways (SNCF), just before the national network opens to competition under the European Union’s Fourth Railway Package.

April 24, 2019 | Fleet

Siemens submits plans for British factory

SIEMENS Mobility has formally submitted an outline planning application to develop a railway manufacturing site in Goole, East Yorkshire, which the supplier describes as a major milestone to establishing the £200m facility.

April 18, 2019 | Financial

FS board approves €1.75bn bond issue

THE board of Italian State Railways (FS) has approved a €1.75bn bond issue, which will be used to finance investment in new infrastructure and rolling stock.

April 18, 2019 | Financial

Greenbrier to acquire manufacturing business of American Railcar Industries

GREENBRIER has entered into a $US 430m agreement to acquire the manufacturing business of American Railcar Industries (ARI) from ITE Management (ITE).

April 17, 2019 | Financial

BLS declares loss in 2018 despite revenue increase

BLS, Switzerland’s second largest railway, reported positive operational results across all four sectors in 2018, but still ended the year with a loss.

April 16, 2019 | Financial

DfT confirms Arriva disqualification from East Midlands franchise

BRITAIN’s Department for Transport (DfT) has confirmed to IRJ that Arriva was also disqualified from bidding for the East Midlands passenger franchise along with Stagecoach ahead of awarding the franchise to Netherlands Railways subsidiary Abellio.

April 15, 2019 | Australia/NZ

Duagon Men Group acquires OEM Technology Solutions

DUAGON Men Group signed an agreement at the beginning of April to acquire 100% of the shares of OEM Technology Solutions, Australia, which develops and produces control and automation products including controllers, I/O products and gateways and cloud software services for diagnostics and condition-based monitoring.

April 12, 2019 | Financial

Stadler valued at SFr 3.8bn as shares begin trading

STADLER Rail has announced its initial public offering (IPO) issue price has been set at SFr 38 ($US 37.96) per share, valuing the company at SFr 3.8bn, with shares beginning trading on April 12.

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