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Rail industry
Avanti won’t lose UK West Coast Rail Line early despite bad record
People with knowledge of UK government plans say that the UK will not terminate the contract of troubled intercity railway operator Avanti West Coast. In the past year, leaders in the north demanded that the operation of this route, which…
Alstom Completes 2 Billion Euro Asset Sale with US Rail Signalling Business Divestment
French train manufacturer Alstom has finalised its 2 billion euro recapitalisation and asset disposal programme by selling its American rail signalling business for $690 million. This sale marks the culmination of Alstom's efforts to…
Red Sea Crisis Boosts Russian Rail Freight and Kremlin Profits
The ongoing crisis in the Red Sea is causing a significant shift in the transport of goods between China and Europe, with an increasing number of freight companies turning to rail lines that run through Russia. This shift is not only…
Scottish Government Reintroduces Peak Rail Fares Amid Criticism
The Scottish Government is facing criticism for its decision to reinstate peak rail fares across the country after a year-long pilot scheme aimed at encouraging reduced car usage and addressing rising living costs. The flat rate fare…
Within months, Labour will begin rail nationalisations
The Labour government will launch legislation as soon as possible to nationalise railways. Takeovers of UK's largest operators are expected to occur within months.
According to an analysis of data from the official sources, Labour's…
FirstGroup, a rail company, plans to increase Lumo services at a reduced price
FirstGroup the British transport operator applied for two additional "open access" services, outside of the main train operating contract. The government is trying to reduce fares and increase competition in the rail network.
Open access…
Last-minute deal prevents closure of Britain’s largest train factory
After a series of intense discussions with the Transport Secretary, Alstom secured a vital new order
After a series of crisis talks, the largest train factory in Britain will be saved from closure after Transport Secretary Mark Harper…
After the Red Sea attack, demand for goods to be transported to Europe has boosted Russia’s…
According to rail and logistics operators, the demand for goods to be transported from Asia to Europe via Russia has increased since the Red Sea Crisis began. This is boosting the finances of Russia's state-owned railway monopoly.
DHL, a…
National Express owner detained by German rail company
National Express' owner had to postpone the release of the company's annual accounts because the auditor needs additional time to review "accounting judgements".
Deloitte had originally planned to release Mobico's 2023 results the…
FirstGroup, the UK’s largest train operator, faces a £1bn loss under Labour’s…
A broker in the City stated that the UK's biggest rail operator could suffer a £1bn loss in revenue due to Labour's proposal to bring train networks back under public control.
Peel Hunt analysts have reduced FirstGroup's projected rail…
UK Train Strikes Announced for December
In December, rail passengers will face new disruptions after more train drivers have announced further strikes.
Aslef announced on Thursday that it would be launching a "rolling program" of strikes between 2 December and 8 December, with…