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Network Rail chief defends ˜sensible™ hedging

A £326 million hedging charge on its colossal debt and a new regulatory regime hit Network Rail™s first-half profits, the company said yesterday.

Doubt clouds plan for new train fleet

THE prospect of a new train assembly plant employing hundreds of workers coming to the region is hanging in the balance, The Journal can reveal.

Hitachi eyes up France’s TGV

JAPANESE train manufacturer Hitachi is expected to bid against the French-built TGV in its home country for a rolling stock contract in a move that would target the world’s biggest rail market.

Friday, 27 November 2009

BBC News

Financial Times

  • Network Rail cuts operating costsThe company that runs Britain's mainline rail infrastructure has cut operating costs, in a sign that it is on target to meet regulatory targets. Network Rail's...
  • Jarvis remains in the redThe maintenance group's revenue falls 44% due to sharp cutbacks by Network Rail, which remains committed to £35bn of improvements
  • Operators show signs of getting back on courseOne sign that the big container terminal operators are getting a grip on costs to offset the sharp downturn in volumes is contained in the scant financial data available for the year so far
  • Ports “ containing the problemAn FT investigation into the global container port industry and how it is coping with the global economic downturn
  • National Express loses East Anglia franchiseThe decision, which comes ahead of an extraordinary meeting on a possible rights issue, follows the government's move to strip it of its East Coast mainline franchise

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  • National Express to lose rail routeStruggling transport group National Express is to be stripped of its East Anglia rail franchise three years early, the Government has said.

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  • Extra train laid on from Maryport to WorkingtonNorthern Rail will operate seven extra train services between Maryport and Workington, in addition to the normal timetable, in response to the record numbers of customers using its services.

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