VR GROUP, Finland, says recent reforms are starting to have an impact on its financial performance, despite a slight decline in second quarter revenues, which fell from €361.7m to €356.6m.
UNION Wagon Company (UWC), Russia, has signed an agreement with Amsted Rail, United States, which will see the creation of a new joint venture for designing and manufacturing freight wagon components.
NETHERLANDS Railways (NS) recorded a net loss of €76m in the first half of this year compared with a profit of €147m in the first half of 2012.
CHINA Railway Corporation (CRC), the state-owned body that has assumed responsibility for the former Ministry of Railways commercial activities, has announced a plan to raise fixed-asset investment to Yuan 660bn ($US 97.88bn) this year to boost railway construction.
UKRAINIAN Railways (UZ) has selected Premier Leasing as its leasing partner for 350 new electric freight locomotives, which are being procured from three suppliers at a total cost of Hryvnia 22.1bn ($US 2.8bn).
HUNGARIAN State Railways (MÁV) recently unveiled its financial results for 2012, which reveal that last year the railway achieved its first operating profit in decades.
On March 17 the Ministry of Railways nameplate on its main office in Beijing was torn down to be replaced by that of China Railways Corporation, marking the MOR's demise. Qi Zhongxi and Yang Jianxiang of China Features explain the new setup and the outlook for the new railway.
CAF announced its first half figures on July 29, which show net profits for the first half reached €50m, 6.4% over net sales.
TRANSPORT authorities in Saxony-Anhalt have published preliminary information for the tendering of regional services on non-electrified lines in German state, the so-called Saxony-Anhalt diesel network.
THE district court of Warsaw has ordered Poland's national treasury to compensate state-owned regional passenger operator Regional Railways (PR), after the government failed to pay for the operation of inter-regional services between 2006 and 2008.
