CANADIAN Pacific Railway (CP) announced its results for the first three months of 2015 on April 21, revealing the railway achieved its lowest-ever first quarter operating ratio and highest-ever net income for the period.

DYNAMIC testing has begun on a new express metro link between Taipei and Taiwan's busiest airport, Taoyuan International, which was used by 35.8 million passengers last year.

AUCKLAND Transport (AT) announced on April 24 that it has shortlisted three bidders for a contract to operate the city's commuter rail network from July 2016.

THE Spanish National Commission of Markets and Competence (Omie) has authorised Talgo to proceed with an Initial Public Offering (IPO) of 45% of its shares at a price of €9-11.5, which values the rolling stock manufacturer at between €1.232bn and €1.574bn.

APPROVAL inspections of German Rail's (DB) next generation ICx long-distance train are being carried out by DB Systemtechnik on behalf of manufacturer Siemens.

THE first of 28 six-car trains for the initial phase of the metro network in Fuzhou, the capital of China's Fujian province was ceremonially rolled out of the CNR Tangshan Railway Vehicle plant in nearby Quanzhou on April 18.

THE vice-president of Brittany Mr Gérard Lahellec announced on April 22 that the French region will exercise an option worth around €100m with Bombardier for 10 additional Regio 2N EMUs, taking the region's total fleet of the double-deck trains to 27.

AUSTRIAN Federal Railways (ÖBB) CEO Mr Christian Kern and CFO Mr Josef Halbmayr presented the company's annual results at Vienna's new Main Station on April 17, revealing that the railway maintained its recent strong financial performance in 2014.

THE government of the Philippines has allocated Peso 1.21bn ($US 27.35m) from its 2015 budget to the Department of Transportation and Communications to fund upgrades to Manila metro Line 3.

NETHERLANDS Railways (NS) has finalised a €280m contract with Stadler for the supply of 58 160km/h Flirt EMUs.