SPANISH trainbuilder CAF saw revenues and profits fall in 2015, but with new contracts recently signed its order backlog has risen.

DESPITE uncertainty over a possible takeover, revenue and profit at transport and logistics group Asciano, parent company of Australian rail freight operator Pacific National (PN), remained relatively stable for the half year to December 31 2015.

INDIAN Railways (IR) recorded a 3.7% fall in revenue to Rs 1360bn ($US 19.8bn) between April 2015 and January 2016, compared with a forecast of Rs 1414bn. Despite the shortfall the forecast in the 2016-17 budget is for revenue to rise by 10.1% to Rs 1842bn.

THE Cuban Ministry of Finance has confirmed funding for 240 new passenger coaches per year in a bid to upgrade the country's railways.

NETHERLANDS Railways (NS) turnover for 2015 increased by 20% to €4973m – but profits fell by €62m to €118m.

WAGON leasing and logistics company VTG, Germany, reported a 76.2% rise in earnings before tax, depreciation and amortisation (Ebitda) in 2015 to €336.5m on turnover of €1bn.

Rolls-Royce, Britain, and China Yuchai International subsidiary Guangxi Yuchai Machinery Company (GYMC) have formed a 50:50 joint venture for the production of MTU diesel engines under licence in China. Both parties will invest RMB 75 million ($US 11.4m) in the joint venture.

CHANNEL Tunnel operator Eurotunnel says revenues and profits for the year ending December 31 2015 rose.

UNITED States railway investment company Iowa Pacific Holdings has sold its shareholding in Andean Railways Corporation for an undisclosed sum.

FOURTH quarter and full-year revenues for Bombardier Transportation fell compared with 2014's figures, the company has revealed – and it plans to cut 3,200 jobs in its non-aviation transport activities.