coronavirus Archives - Page 6 of 20 - International Railway Journal

coronavirus

September 30, 2020 | Financial

MTR revenue falls, Ebitda rises for first half of year

HONG Kong rail operator MTR has reported an overall fall in revenue for its business operations of 23%, to $HK 21.59bn ($US 2.79bn) for the first half of the year, compared with $HK 28.27bn for the same period in 2019.

September 28, 2020 | Freight

Private freight operators run protest train through Berlin

GERMANY’s private freight operators have launched a protest against the lack of government support following the Covid-19 pandemic, which they say is favouring German Rail (DB) subsidiary DB Cargo. The operators are also calling for more action from the German government to increase the modal shift of freight from road to rail.

September 25, 2020 | Policy

DB agrees Covid-19 collective agreement with union

GERMAN Rail (DB) has announced a new collective agreement with the Railway and Transport Union (EVG) which it says will help mitigate the company’s losses due to the coronavirus pandemic.

September 18, 2020 | Policy

European Parliament approves track access relief for operators

THE European Parliament has adopted a regulation to provide relief to rail operators hit by falling volumes and revenue during the coronavirus pandemic by allowing Member States to waive and relax track access and reservation charges as well as easing mark-up regulations applied for using European railway networks.

September 16, 2020 | Financial

Czech Railways reports first-half losses

CZECH Railways (ČD) has reported a loss of Korunas 1.98bn ($US 87.9m) for the first six months of the year, compared with the same period in 2019.

September 15, 2020 | Financial

SBB records SFr 479m loss as passenger numbers drop

SWISS Federal Railways (SBB) has announced a loss of SFr 479m ($US 528.5m) for the first half of 2020, down from a profit of SFr 279m over the same period last year, as the effects of Covid-19 saw passenger numbers drop by a third over the period.

September 11, 2020 | Financial

French government and Île-de-France Mobility agree Covid-19 subsidy

THE French state and Île-de-France Mobility, which oversees public transport services in the Paris region, have agreed a €1.4bn subsidy repayable over 16 years to cover passenger revenue losses incurred as a result of the Covid-19 crisis.

September 10, 2020 | Financial

Grand Central cancels planned London - Blackpool service

BRITISH open-access operator Grand Central has announced that it will not launch its planned London Euston - Blackpool North service due to the economic uncertainty and changed travel habits caused by the Covid-19 pandemic.

September 9, 2020 | Financial

VDB - outlook for German rail industry exports bleak

THE German Railway Industry Association (VDB) has warned of long-term economic effects from the Covid-19 pandemic on the international railway market, with a large section of the industry anticipating a bleak outlook for the coming year.

September 8, 2020 | Financial

Rail to benefit from French economic stimulus plan

FRANCE’s railways are set to benefit from a €4.7bn cash injection from the French government as part of its “Relaunch France” plan announced on September 3 to boost the French economy following the Covid-19 pandemic.

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