Latest Business News
All the latest business news in the rail sector.
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ORR, Network Rail and the DfT Launch Better Value Rail Toolkit
UK: The Department for Transport, Network Rail and the Office for Rail and Road have developed a Better Value Rail toolkit.
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Canadian Pacific Ups Its Offer to Kansas City Southern
Canadian Pacific has increased its offer to Kansas City Southern to bring it closer to Canadian National's rival offer.
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Transport for Wales Signs Deal to Buy Pullman Rail Limited
Transport for Wales has signed an agreement with Colas Rail UK for the purchase of Pullman Rail Ltd, which operates from its Cardiff depot.
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Thales and Hitachi Rail Negotiate Sale of Ground Transportation Systems Business
Thales and Hitachi Rail have entered into exclusive negotiations regarding Thales’s Ground Transportation Systems Global Business Unit.
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Canadian Pacific Urges KSC Shareholders to Vote Against Proposed CN-KCS Merger
CP has urged KCS shareholders to vote against approving a merger between KCS and CN before the STB decision on a voting trust is made.
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Porterbrook Takes Over Long Marston
The rolling stock owner and railway asset manager Porterbrook has taken over the Long Marston site, where it will develop a rail innovation …
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Deutsche Bahn Accelerates Its Climate-Neutrality Goals
Deutsche Bahn has brought forward its deadline for achieving climate-neutrality by ten years, with 2040 as the new target date.
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CN and KCS Submit Financial Documentation for STB Approval of Voting Trust
Canadian National Railway & Kansas City Southern Railway have filed documents requested by the STB in relation to their merger.
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Regulator Says Network Rail Performance in NW&C Region Is Improving
A year on from its investigation into poor train performance in the NW&C region, the ORR has announced that progress has been made.
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FirstGroup Signs National Rail Contracts for SWR and TPE
FirstGroup has signed two National Rail Contracts for TransPennine Express and South Western Railway, which will commence in May 2021.
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Refinancing Agreement Paves the Way for Eurostar Recovery
Eurostar has reached a refinancing agreement with its shareholders and banks worth £250m (289.9m euros | 353.9m USD).
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ÖBB Rail Cargo Group Doubles Transport of Goods on New Silk Road
The Austrian Federal Railways (ÖBB) Rail Cargo Group (RCG) is continuing to expand its activities on the New Silk Road.
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National College for Advanced Transport and Infrastructure Relaunches
The University of Birmingham has relaunched the National College for Advanced Transport and Infrastructure (NCATI).
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KCS Calls CN Bid 'Superior' as the US DOJ Says CN-KCS Merger Poses Greater Risk to Competition
Kansas City Southern has called Canadian National's acquisition bid superior to that made by Canadian Pacific, but the US DOJ has concerns.
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Alstom on Track for a Successful Integration of Bombardier
Alstom has published its 2020-21 results and provided an update on its continuing integration of Bombardier Transportation.
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FirstGroup Agrees Termination Fee with DfT for TransPennine Express
FirstGroup, the company that owns the train operating company TransPennine Express, has agreed a termination fee with the DfT.
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Canadian Pacific Files Formal Objection to Canadian National Merger Waiver
Canadian Pacific Railway has filed a formal objection with the Surface Transportation Board to the Canadian National Merger Waiver.
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Freight Operator Lineas Acquires Independent Rail Partner
The private rail freight operator Lineas has acquired Dutch operator Independent Rail Partner to strengthen its position in the country.
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Network Rail Listed Times Top 50 Employer for Women
Network Rail has been listed as a Times Top 50 Employer for Women for the year 2021 following steps by the organisation to be more inclusive…
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Hitachi Joins the US High Speed Rail Association
Hitachi Rail has joined the US High Speed Rail Association as a VIP Member in light of the Biden Administration's pro-rail stance.
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Canadian National Makes Rival Bid for Kansas City Southern
Canadian National has made a rival bid for Kansas City Southern and has filed a letter with the Surface Transportation Board.
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RegioJet and European Sleeper Partner on Prague–Berlin–Amsterdam–Brussels Night Train
RegioJet is partnering with Dutch start-up European Sleeper to provide night train services connecting Prague, Berlin, Amsterdam and Brussel…
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Shippers and Short-Line Railroads Express Support for the CP-KCS Combination
Almost 260 shippers and railroads have submitted letters of support to the STB for the proposed Canadian Pacific-Kansas City Southern merger…
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Alstom Acquires Helion Hydrogen Power and Flertex
Alstom has acquired Helion Hydrogen Power and Flertex to expand its expertise in the hydrogen and braking system markets respectively.