Financial Archives - Page 257 of 388 - International Railway Journal

Financial

February 25, 2019 | Financial

Wabtec - GE Transportation merger completed

WABTEC completed its merger with GE Transportation on February 25, creating a Fortune 500 company that is expected to generate revenues of more than $US 8bn in 2019.

February 21, 2019 | Financial

SJ achieves passenger traffic record in 2018

SWEDEN’s national passenger operator SJ carried a record 31.8 million passengers in 2018, an increase of 1.5 million compared with 2017. While net sales increase from SKr 7.78bn ($US 832m) in 2017 to SKr 7.87bn last year, operating profit dropped from SKr 666m to SKr 486m.

February 20, 2019 | Financial

Rising freight traffic narrows KiwiRail loss

NEW Zealand national operator KiwiRail posted a net loss of $NZ 104.6m ($US 71.8m) in the second half of 2018, down from $NZ 193m the previous year on the back of a 12% increase in revenue and a strong growth in freight.

February 18, 2019 | Financial

Bombardier Transportation reports strong growth in 2018

THE Transportation division of Bombardier recorded a 4% increase in revenue to $US 8.9bn in 2018 compared with $US 8.55bn in 2017 even though order intake fell by 3% from $US 10.2bn in 2017 to $US 9.9bn last year.

February 14, 2019 | Metros

Honolulu councilwoman seeks metro project audit

HONOLULU city council newcomer Ms Heidi Tsuneyoshi is demanding a forensic audit of contracts tied to a plan to build a metro line for the Hawaiian city amidst suggestions that fraud might be the cause of cost overruns.

February 14, 2019 | Financial

Virgin Trains USA cancels IPO

VIRGIN Trains USA has cancelled an IPO scheduled for the week of February 11, saying it will pursue other fundraising options. No indication was given whether Virgin Trains USA will reconsider an IPO in the near future.

February 7, 2019 | Financial

Bombardier Transportation appoints new president

BOMBARDIER announced on February 7 that Mr Danny Di Perna has been appointed as the new CEO of Bombardier Transportation following the resignation of Mr Laurent Troger.

February 7, 2019 | Financial

Railpool prepares for growth with €800m refinancing

LOCOMOTIVE leasing company Railpool confirmed on February 7 that it has successfully extended its existing financing and secured additional funds to support the company’s growth.

February 6, 2019 | Financial

European Commission blocks Siemens-Alstom merger

THE European Commission (EC) announced on February 6 that it has blocked the merger of Siemens Mobility and Alstom on the grounds that the two companies have failed to address its concerns over the potential impact of the deal on competition in the signalling and high-speed rolling stock markets.

February 3, 2019 | Financial

Siemens-Alstom merger in doubt as objections mount

This month the European Union Competition Commission will decide the fate of the Siemens-Alstom merger. The EU and national competition authorities have expressed doubts over the combination, but with powerful political forces behind the deal and concessions from the two suppliers, the decision could go either way, as Keith Barrow reports.

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