Latest Business News
All the latest business news in the rail sector.
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MBTA Launches South Coast Rail Service
MBTA has commenced service on the new Fall River/New Bedford Commuter Rail Line as part of the South Coast Rail project.
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New Train Operator Announces Plans for Channel Tunnel Services
A new train operating company, Gemini, has been established to provide competitive high-speed rail services between the UK and Europe.
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Brightline West Secures $2.5 Billion in Private Activity Bonds for High-Speed Rail
Brightline West has secured 2.5 billion USD in senior subordinated private activity bonds to support its high-speed rail development.
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Amtrak CEO Stephen Gardner Steps Down
Amtrak CEO Stephen Gardner has resigned from his position to ensure that Amtrak maintains the confidence of the current administration.
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Stadler Reports Financial Impact from Environmental Disasters
Stadler has presented its financial results for 2024, noting the significant impact of three major environmental disasters.
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Legislators Call for $2 Billion for Public Transport Across California
Sacramento lawmakers have called upon the state to invest $2 billion to support transit initiatives across California.
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US: Federal Spending Bill Secures Billions for Public Transit in FY25
The United States Congress has passed a full-year spending bill, which maintains core funding levels for public transit and rail services.
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California High-Speed Rail Provides 2025 Project Update
At the start of this month, the California High-Speed Rail Authority’s 2025 Project Update Report was submitted to the state legislature.
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Talgo Reports Record Revenue of €669 Million in 2024
Spanish train manufacturer, Talgo recorded a revenue of 669.2 million EUR in 2024, marking its highest annual turnover to date.
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Ontario Government Awards Transit Hub Construction Contract
The Ontario Government has selected AtkinsRéalis, Bird Construction and Hatch Ltd. to deliver the city's new East harbour Transit Hub.
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UK's 10 Least Reliable Train Stations Revealed
A new study published by luggage shipping company, MyBaggage, has identified the United Kingdom's 10 least reliable train stations.
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US DOT to Review Funding for California High-Speed Rail
The US DOT is reviewing the California High-Speed Rail project to assess whether federal funding commitments should continue.
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iryo and ITA Airways Offer Integrated Train + Air Ticket from Italy to Spain
High-speed rail operator, iryo has partnered with ITA Airways to offer an integrated 'train + air' ticket for travel between Spain and Italy…
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Go-Ahead to Expand Rail Operations into Australia and New Zealand
Go-Ahead has established a new office in Melbourne to explore rail opportunities in Australia and New Zealand.
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UK: HS1 Ltd Rebrands as London St. Pancras Highspeed
HS1 Ltd, the operator of the UK's only high-speed rail link, has officially rebranded as London St. Pancras Highspeed.
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Hitachi Rail to Upgrade San Francisco’s Muni Railway Signalling System
The San Francisco Municipal Transportation Agency (SFMTA) has contracted Hitachi Rail to modernise Muni's signalling system.
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Union Pacific Transfers Commuter Rail Services to Metra
Union Pacific is transferring commuter rail services to Metra for the Union Pacific North, Northwest, and West Lines in the Chicago area.
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Eurostar Resumes Direct Services between Amsterdam and London
Eurostar has announced the resumption of its direct service between Amsterdam and London from 10 February.
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Renfe's AVE Trains Serve One Million Passengers between France and Spain
Renfe’s international AVE service between France and Spain has surpassed one million passengers since its launch in summer 2023.
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Bakerloop Bus Service to Precede Bakerloo Tube Line Extension
Transport for London (TfL) has launched a consultation on a ‘Bakerloop’ bus service, largely following the Bakerloo line extension route.
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Amtrak Announces Valentine's Day Companion Flash Sale
Amtrak has announced a flash sale on Roomette ticket fares ahead of Valentine's Day, allowing travellers to bring a companion for free.
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Rail Trends 2024 Report Highlights Impact of Trains in Canada
The Railway Association of Canada (RAC) has published Rail Trends 2024, its annual report providing a review of the rail sector.
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California High-Speed Rail Contributes Billions in Economic Activity
The California High-Speed Rail Authority’s 2024 Economic Impact Report suggests the project has generated nearly 22 billion USD.
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Eurostar Announces Future Plans Following Growth in 2024
Eurostar has reported on its future plans alongside notable growth in 2024, with a 5% increase in passenger numbers compared to 2023.