Alstom reports drop in orders in first half of 2023-24 and negative outlook
Other News Sources - Growth in order backlog and delays to Aventra programme negatively impact free cash flow causing Alstoms share price to plunge.
Other News Sources - Growth in order backlog and delays to Aventra programme negatively impact free cash flow causing Alstoms share price to plunge.
Other News Sources - Shares of French train manufacturer Alstom plummeted up tp 35 on Thursday, according to LSEG data, after the company slashed its free cash flow forecast.
Other News Sources - Angel Trains, the UKs largest rolling stock company, has partnered with the University of St Andrews to support an innovative hydrogen train project, which could change the future of rail travel as we know it.
Route One (Bus and Coach) - As expected, Prime Minister Rishi Sunak has included bus services across the country as one of the beneficiaries of his decision to cancel the HS2 high-speed rail link north of the Midlands. That includes an extension of the £2 capped fare in England to the end of 2024 and a £700 million funding package for buses in the north of England and £230 million for the Midlands.
Route One (Bus and Coach) - National Express has reported a 49 increase in passenger volume year-on-year over the last four months for certain of its coach services which have benefitted from Transpennine Express rail strikes.
Route One (Bus and Coach) - Mellor is projecting a turnover of over £85 million and an output of 900 vehicles in 2023 as part of what the Rochdale business calls an accelerating path of expansion.
Route One (Bus and Coach) - Alexander Dennis (ADL) has announced it will lease a new 104,000 sq ft warehouse near its existing Scarborough site.
Railway Technology - MRCE will be run as part of Beacon, although the future of staff and operations have not been made clear.
Rail Technology Magazine - Angel Trains, the UK's largest rolling stock company, has partnered with the University of St Andrews to support an innovative hydrogen train project.
Rail Business Daily - The government has outlined where the money saved from the scrapping of Phase 2 of the HS2 project will be used. Following yesterdays announcement, Rishi Sunak says areas will benefit from new stations, reopened railway lines and revitalised roads in what he describes as a major funding boost to create stronger public transport networks.
New Civil Engineer - Prime minister Rishi Sunaks scorched earth approach to cancelling High Speed 2 (HS2), including slashing Eustons capacity and removing safeguards on the route, means that the northern legs of the high-speed network will never be built.
New Civil Engineer - A sustainable cable management system, 3D printed concrete and self-healing infrastructure were among the pitches heard by East West Rail (EWR) Co. at its supplier innovation event, as it looks to improve delivery and maintenance of the new Oxford to Cambridge railway.
Bus and Coach Buyer - Stagecoach reports its Oxford Tube service is a roaring success and is to increase capacity. The boost to services will require more coaches added to the service.
Bus and Coach Buyer - Humza Yousaf, Scotlands First Minister, is to discuss looming bus service cancellations in West Lothian.
Bus and Coach Buyer - National Express has announced what it describes as a huge surge in passengers travelling on its Trans Pennine coach network. The rise in patronage follows a boost to the number of services on the network in May this year.
Other Regional Press - PREPARATIONS for Warringtons new electric bus fleet are well underway and are progressing to the next stage.
Other Regional Press - Greater Anglia has made improvements across its network, including more staff at Stansted Airports station, in response to customer feedback.
Bucks Free Press - Buckinghamshires MPs have criticised HS2 after Rishi Sunak scrapped the northern leg of the high-speed rail link.
The York Press - York councils plan to improve transport infrastructure and reverse the ban on blue badge vehicles in the city centre is set to be approved.
Manchester Evening News - Andy Burnham said franchised bus services in the Bee Network are 'improving' after 'teething problems'.
Bradford Telegraph & Argus - Rail minister Huw Merriman has spoken on the £2bn rail announcement for Bradford.
Local Government - UKs first battery powered trains are now operating from the new £80m Headbolt Lane station in Kirkby.
The National - TRADE unions, environmental campaigners and health charities have all put their names to a campaign calling for buses in the Strathclyde region to be taken into public control.
Times Online - When the Millennium Bridge in London opened in 2000, the Queen dedicated it to pedestrians as a symbol of the new millennium, with its designers describing it as a blade of light across the Thames.
Times Online - Rishi Sunak said he will cancel the northern leg of HS2 and invest the money into regional connectivity instead.