Latest Business News
All the latest business news in the rail sector.
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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.
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Canadian Pacific and Kansas City Southern Propose Merger
Canadian Pacific and Kansas City Southern, two Class 1 railroads, have agreed on a merger deal worth 29 billion USD.
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Greenbrier to Build 100 Intermodal Twin Wagons for GBRf
Greenbrier will build 100 60' intermodal twin wagons for GB Railfreight. Porterbrook will purchase the units and lease them to GBRf.
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Amtrak Restores 12 Long-Distance Routes to Daily Service
Following increased demand and with the help of Congressional funding, Amtrak will restore daily services to 12 long-distance services.
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Train Operator ODEG Wins Contract Extension on Baltic Coast
Train operating company ODEG (Ostdeutsche Eisenbahn GmbH) has been awarded the contract to run services on the Ostseeküste II network.
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Hitachi Rail Starts Welding Next-Generation UK Intercity Trains
Following an 8.5 million GBP investment at its site in Newton Aycliffe, Hitachi Rail has started welding and painting UK passenger cars.
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TfNSW Extends Network Rail Consulting's Digital Systems Integration Contract
Transport for New South Wales has extended Network Rail Consulting's digital systems integration contract until 2024.
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Deutsche Bahn and SNCF Sign Digitalisation Cooperation Agreement
Deutsche Bahn and SCNF have signed a cooperation agreement on digitalisation and technology to help drive ahead the European rail sector.
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Railway Staff in Britain Receive Disability Awareness and Equality Training
Railway staff in Britain are receiving disability awareness and equality training as part of requirements in the ORR accessibility guidance.…
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New European Rail Freight Connection between Belgium and Austria
MSC launches a new rail freight connection between Antwerp and Terminal Wien Süd, one of Austrian Federal Railways' terminals in Vienna.