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Network Rail chief defends bonus policy

Iain Coucher goes on the offensive in support of his company's bonus scheme, saying it is 'completely wrong' to compare the incentives with those earned by executives at troubled financial institutions

£155m contract for Bombardier

The deal will see the company construct 120 carriages to be used on the Stansted Express service in East Anglia.

National Express Group PLC announces new Chairman

National Express Group PLC (NEG) is pleased to announce the appointment today of John Devaney as Chairman of the group. Mr Devaney is also Chairman of Tersus Energy and National Air Traffic Systems and is a Non-Executive Director of Northern Rock.

Thursday, 02 April 2009

BBC News

Department for Transport

  • East Anglian rail service improvements Jobs will be created or safeguarded and rail travel in East Anglia will be improved thanks to a new agreement between the Department for Transport and National Express East Anglia (NXEA), Transport Secretary Geoff Hoon announced today.

Financial Times

  • Grube tipped to replace DB chief Rüdiger Grube, board member at carmaker Daimler, has emerged as the German government's favourite to run Deutsche Bahn
  • Network Rail chief defends bonus policyIain Coucher goes on the offensive in support of his company's bonus scheme, saying it is 'completely wrong' to compare the incentives with those earned by executives at troubled financial institutions
  • Golden Ocean to raise $100mChief executive John Fredriksen could take control of the dry-bulk shipping company via an offering of 165m new shares in the most comprehensive restructuring deal yet in the sector

The Scotsman

The Telegraph

Times Online

Press Association

  • Rail passengers get 200 carriagesA deal agreed between the Department for Transport and the National Express East Anglia (NXEA) rail company helps safeguard jobs at trainmaking company Bombardier in Derby.

Reuters News

  • National Express adds capacity, new chairmanBritish transport operator National Express (NEX.L) is being allowed to add nearly 200 new carriages to its fleet of trains, it said on Thursday, and named the head of Britain's air traffic control company as its new chairman.

Daily Express

  • Transport sector gathers paceSHARES in public transport companies were on the move yesterday on hopes they will secure state aid for rail franchises agreed before the recession put the brakes on passenger growth.

Transport Briefing

Derby Telegraph

Edinburgh Evening News

London Evening Standard

The York Press

Wales Online

Chartered Institute of Logistics and Transport

  • New mirror law introducedHeavy goods vehicles (HGVs) must now be fitted with extra mirrors to help prevent accidents at blind spots under a new European Union law.The Retrofitting of Mirrors Directive has now come into effect, requiring that large vehicles of over 3.5 tonnes in weight must have mirrors or other devices to aid vision on the passenger side, the Society of Motor Manufacturers and Traders (SMMT) has noted.Pedestrians, cyclists and motorcyclists, who are less visible than larger vehicles, are intended to be better protected by the law.The SMMT noted that the fitting of extra mirrors is already a requiremen...

Railnews

Aviation Industry

  • American Airlines Offering Up to 50,000 AAdvantage Bonus Miles for Trips to the United KingdomBetween now and June 30 , AAdvantage members who complete round-trip travel between the United States and the UK on an eligible First Class or Business Class ticket will earn 50,000 bonus miles.
  • Birmingham Airport RunwayPlans to extend the runway at Birmingham International Airport (BIA) have been approved.  The decision by Solihull Council's planning committee on Tuesday evening means the airport is now allowed to extend the runway southwards by 400 metres. The decision, which was unanimous, will now be passed to the government for a final seal of approval.  The airport welcomed the verdict, saying the extension would allow a greater choice of destinations to be offered from the Midlands™ main airport.Birmingham Runway PlanThe plan to expand facilities at BIA has been a fraught one.  Originally BIA wanted to...

Other News Sources

  • Local cycle routes are given £80,000 upgradeRECENT improvements to East Kilbride’s cycle network have received a mixed response from cycling enthusiasts.
  • Cycle lane leads to a transport awardEfforts to improve bus and cycle links across the borough have been recognised at the 2009 London Transport Awards.
  • Five-year plan to bring about a rail revolutionA MULTI-million pound package of improvements to the two main railway lines in south Essex has been unveiled.
  • Virgin Trains drivers get PDAsVirgin Trains is to equip train drivers with handheld computers to improve customer service and reduce the company’s environmental impact. Over the next three months, Virgin’s 500 drivers will receive Vodafone-supplied PDAs to replace paper-based documentation such as technical instructions and training materials.
  • Get set for 130mph thrill on high-speed bullet trainsPotential passengers are to get the chance to try out the new 140mph Javelin trains in the next few weeks.
  • Drive to get Riverside rail link back on trackA CLOSE adviser to London Mayor Boris Johnson is putting pressure on the government to kick start a DLR extension, which is key to the completion of the £1.9billion Barking Riverside development.
  • Mayor to be quizzed on transport breakdownLondon mayor Boris Johnson will face questioning from MPs on how the capital dealt with the heavy snow in early February. Mr Johnson will appear before the House of Commons Transport Committee alongside London's transport commissioner Peter Hendy.
  • Rail passengers to get 200 extra carriagesRail passengers travelling to Stansted Airport from London are to benefit from the introduction of nearly 200 extra train carriages.
  • FirstGroup steals a march on rivalsIt may be too early to think that the rise we have seen in some transport shares recently is a genuine, well-founded recovery. But the market is taking a more discerning approach to the precise nature of different rail franchises, and how these fit together with a company's bus operations.
  • National Express training day marks start of five year contractThe training day marked the formal start of a five year contract, won by DLA Piper earlier this year, to provide property legal advice for the group and all of its UK subsidiaries across its rail, bus and coach portfolios.
  • National Express Gains on Speculation Franchises May Be Recast National Express touched an all-time low before surging 23 percent, the biggest jump since it first sold shares to the public in December 1992. Arriva Plc, operator of Britain’s longest rail route, advanced 9.9 percent, Stagecoach Group Plc, owner of the country’s biggest single rail franchise, added 9.8 percent and FirstGroup Plc rose 7.7 percent.
  • Minale Tattersfield to design London bicycle hire schemeMinale Tattersfield is designing the London bicycle hire scheme being spearheaded by Mayor of London Boris Johnson.
  • Seat aimed at budget carriers unveiled as Factory refreshes Jet 2 cabinsInnovations in aircraft interiors traditionally happen at the premium front end, but a seat created by Factory Design, launching this week, is aiming to buck the trend.
  • Government crackdown on foreign lorriesThe government is cracking down on the number of foreign lorries that continue to flout UK road laws. Police and VOSA enforcement officers can now, for the first time, issue on-the-spot fines to all foreign hauliers found exploiting drivers™ hours, overlo
  • Air France looking to rival EurostarAirline in talks with German rail company Air France is looking into the possibility of starting a rival cross channel rail service to Eurostar.

News from Europe

  • EU states shelve debate on green road charges A compromise on proposed environmental charges for trucks tabled by the Czech EU Presidency has failed to convince the Union's member states, many of which are arguing that the recession is not the right time to impose extra costs on the transport sector.
  • Europe Needs to Steer Transport Policy in the Right DirectionBRUSSELS and COPENHAGEN, --Transport continues to contribute disproportionately to Europe's greenhouse gas emissions, poor air quality and noise; and still uses the least efficient modes to move people and goods.
  • Few 'plane truths' when it comes to airline child safety seatsUnfortunately, due to a complexity of differing national laws on child safety in airplanes, to say nothing of varying technical requirements among airlines and even airplanes in an airline's fleet, there are few rules of thumb to guide globetrotting parents.

Other Subscription Services

  • National Express Group PLC announces new ChairmanNational Express Group PLC (NEG) is pleased to announce the appointment today of John Devaney as Chairman of the group. Mr Devaney is also Chairman of Tersus Energy and National Air Traffic Systems and is a Non-Executive Director of Northern Rock.

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