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National Express profits up after axing East Coast rail

Coach and rail operator National Express has reported a sharp rise in annual profits, thanks in large part to giving up the loss-making East Coast rail franchise.

National Express boss rejects break-up after US hedge fund builds stake

Dean Finch indicates travel group is not interested in any tie-ups with Stagecoach or France's SNCF

Bus Oyster readers to take credit cards 'within months'

Commuters will be able to use 'contactless' credit cards on buses within months, it was confirmed, touching in and out in the same way as with an Oyster card

Friday, 25 February 2011

BBC News

Financial Times

  • China plans airport building spreeBeijing intends to invest Rmb1500bn in aviation over the next five years, but the move raises fresh questions about the potential for overcapacity in the transport sector
  • National Express upbeat on coach travelThe multinational transport operator says its coaches business is likely to win market share from rail as cash-strapped consumers seek cheaper means of transportation

The Guardian

The Telegraph

Press Association

  • Cover-up claim over new bridge The Scottish Government has been accused of trying to "cover up" its liability for a multi-million pound payout to oil giant BP if work on the Forth Replacement Crossing damages an underground pipeline.

Daily Express

  • National Express steams aheadAN overhaul of National Express helped the rail, bus and coach operator to hike annual profits and restore its dividend.

The Mirror

ATOC

Network Rail

Birmingham Mail

Birmingham Post

Edinburgh Evening News

Journal Live

London Evening Standard

Manchester Evening News

  • New Oldham Metrolink tram lines to be dug up for interchangeUnder the proposals, which will cost nearly £90m, Metrolink will run along Union Street to the new interchange at Oldham Mumps by 2014. There will be a park-and-ride site for about 250 cars “ providing a spur for regeneration in a run-down town centre area. But part of the new Metrolink line being built to Oldham and Rochdale will be ripped up less than three years after it opens.

Bucks Free Press

Peterborough Telegraph

Other Regional Press

  • £80m port upgrade for super-sized container shipsSOUTHAMPTON port gets the go ahead for a new £80m berth to handle the world™s largest container ships.
  • Solihull Council joins Go-HS2 to promote high speed rail link KEY players from the West Midlands private and public sectors have joined forces to launch a powerful consortium in support of the proposed high speed rail link between Birmingham and London.
  • Potholes mean prizesUtility firms that botch nearly half of all Glasgow road repairs have been offered awards.
  • Profits boost for National Express The group, whose rail business includes most train services in East Anglia, said 2010 had been “a year of successful transformation”, following a torrid 2009 which saw it fight off two takeover approaches and a threat by the then government to strip it of its rail franchises.

Freight on Rail

  • Key rail freight artery expanded Freight on Rail warmly welcomes the completion of the gauge enhancement work on the route from the port of Southampton to the West Midlands, a key element of expanding the green economy 1.

Global Rail News

Railnews

  • News: Mind the gap: TfL passengers could be overcharged TRANSPORT for London has revealed that it will introduce payments by contactless debit or credit cards next year, and is claiming that London will ’lead the world’ when the system goes live. However, passengers using bank cards in the first few months may risk paying more than they need.

Transport for London

Aviation Industry

Other News Sources

News from Europe

Other Subscription Services

  • Crossrail completes enabling contract award round Twenty seven contracts have been handed out under Crossrail's enabling works framework with no further contract awards currently anticipated.The award of C280, involving construction of a temporary...

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