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FS recorded €193 million net profit in 2021
FS has reported a net profit of €193 million in 2021 with an overall increase of €755 million compared to 2020, despite issues caused by COVID-19.
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Funding & Finance
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Renfe to remodel 14 Alvia S-730 trains
Renfe is going to invest more than €11 million in the remodelling of 14 Alvia S-730 trains, improving the interior design and comfort of passengers inside the trains.
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ScotRail unveil almost £1 million on-train hospitality recruitment drive
ScotRail has launched plans to invest £918,000 on a hospitality recruitment drive as the operator reintroduces its on-board food and drink service.
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Northern recovers over £2 million from fare evaders for taxpayers
Over the past 12 months, Northern have recovered over £2 million from fare evaders for taxpayers, successfully prosecuting over 11,000 of the worst offenders.
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ORR membership changes open the body to non-members
ORR has accepted a set of commitments offered by the RACF that will reduce membership restrictions and give train companies more choice.
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Deutsche Bahn record highest percentage growth in revenue since 2019
Although Deutsche Bahn’s performance in 2021 was affected by the pandemic, increasing passenger numbers have resulted in the highest percentage growth in revenue since 2019.
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Level crossing safety improvements across Illinois given the go ahead
The Illinois Commerce Commission is expected to spend $386 million over a five-year period to pay for improvements at almost 880 level crossing locations.
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ARA welcomes new investments in safety and training initiatives
ARA have welcomed funding for safety and training initiatives in the recent Federal Budget, as the industry looks to support the nation’s economic growth.
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Majority of Americans want to strengthen national passenger rail network
Polling by the RPA has found that the majority of Americans across all demographics believe that having a strong passenger rail system is important.
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ARA welcome passenger rail investment in Federal Budget
The ARA have welcomed new funding and investment for passenger rail in the newly released Federal Budget.
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RIA publish review into UK Government’s rail decarbonisation progress
The RIA review looks at the progress of 12 key recommendations made on how the UK can reduce its dependence on diesel-only trains.
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Alstom to deliver 20 Coradia Stream inter-regional trains in Romania
Alstom and the ARF have signed a contract for the delivery of 20 trains and associated maintenance services for 15 years valued at €270 million.
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Govia Thameslink Railway awarded National Rail Contract
Govia Thameslink Railway have been awarded a National Rail Contract to continue operating the UK’s largest rail network; the Thameslink, Southern and Great Northern rail services.
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Project begins to streamline type approvals in Australian rail industry
The ARA have teamed with RISSB to lead the research project, by reviewing the range of type approvals used and identifying areas to save time.
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CAF awarded €200 million service contract by Saudi Arabia Railways
The contract between CAF and SAR covers the maintenance of a train fleet, technical support and establishing a joint engineering department.
