Financial Archives - Page 254 of 388 - International Railway Journal

Financial

April 10, 2019 | Main line

Stagecoach disqualified from bidding for three British franchises

BRITAIN’s Department for Transport (DfT) has disqualified Stagecoach Group from participating in three rail franchise competitions.

April 9, 2019 | Financial

Virgin Trains USA receives approval to raise $US 950m debt

VIRGIN Trains USA, previously known as Brightline, has received approval to raise $US 950m in debt to fund its extension from West Palm Beach to Orlando.

April 5, 2019 | Financial

Ridership growth lifts Renfe revenue and profit

RIDERSHIP growth helped Renfe to achieve a significant increase in revenues and profits in 2018, according to the Spanish national train operator’s annual results, which were published on April 5.

April 4, 2019 | Financial

Transdev signals strategic commercial shift

FRENCH operator Transdev has announced an increase in revenue in its 2018 financial results, and says a change in the company’s shareholder base has allowed it to deploy a new commercial strategy.

April 2, 2019 | Financial

FS Group revenue grows 30% to top €12bn

ITALIAN State Railways Group (FS) achieved a 30% increase in turnover in 2018 to €12.08bn. Although operating costs soared by 37.6%, partly as a result of acquisitions, to €9.6bn, FS still managed to record a 7% increase in Ebitda to €2.48bn and an Ebitda margin of 20.5%.

April 2, 2019 | Financial

New York road congestion charge to support rail networks

NEW York City is aiming to raise up to $US 15bn to support Metropolitan Transit Authority (MTA) rail upgrades and repairs from a new road traffic congestion pricing programme, the first in the United States, which was confirmed in the state’s 2020 budget announcement on April 1.

March 29, 2019 | Financial

CRRC profits up 4.8% in 2018

CRRC announced its 2018 annual results on March 28, confirming a 4.8% increase in profits, which reached Yuan 11.3bn ($US 1.7bn).

March 28, 2019 | Financial

Network Rail outlines spending priorities for 2019 - 2024

BRITISH infrastructure manager Network Rail (NR) has released its delivery plan for Control Period 6 (CP6), which outlines spending priorities for the £42bn in funding it is due to receive over the next five years.

March 28, 2019 | Europe

Record long-distance ridership lifts DB sales

PASSENGER numbers on German Rail (DB) Long Distance services increased for the fourth successive year to reach a record 148 million in 2018, according to the company’s annual results, which were published on March 28.

March 28, 2019 | Financial

DB to study options for sale of Arriva

THE supervisory board of German Rail (DB) has asked the company’s executive board to look at options for the sale of international passenger transport subsidiary Arriva as the railway seeks to bring its debts under control.

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