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Tag: Finance

10th World Rail Market Study Reports 2.7% Annual Growth and Positive Outlook for the Decade

10th World Rail Market Study Reports 2.7% Annual Growth and Positive Outlook for the Decade

Policymakers and industry express confidence as the global rail supply market grew 2.7% annually from 2021 to 2023, with a positive outlook for the rest of the decade, despite geopolitical tensions, as the 10th edition of the World Rail Market Study confirms.

30 / 09 / 2024
Business
Deutsche Bahn in Trouble: EU Scrutinizes Billion-Euro Subsidies for Freight Transport

Deutsche Bahn in Trouble: EU Scrutinizes Billion-Euro Subsidies for Freight Transport

Despite generous subsidy programs approved by the European Commission, Germany faces allegations of illegal…

27 / 08 / 2024
Freight
PKP CARGO Extends Leadership's Mandate Amid Ongoing Crisis

PKP CARGO Extends Leadership's Mandate Amid Ongoing Crisis

The supervisory board of PKP CARGO, Poland's national freight railway operator, has extended the mandate…

26 / 07 / 2024
Freight
Major Layoffs Announced at PKP CARGO: Up to 30% Workforce Affected

Major Layoffs Announced at PKP CARGO: Up to 30% Workforce Affected

The management of PKP CARGO S.A. has announced its decision to initiate group layoffs across its facilities…

04 / 07 / 2024
Business
PKP CARGO Seeks a Way Out of Crisis, Subsidiaries Show Determination

PKP CARGO Seeks a Way Out of Crisis, Subsidiaries Show Determination

The situation in the Polish company PKP CARGO is very tense. However, not all companies in its holding…

10 / 06 / 2024
Freight
Shareholders and Trade Unions Support the Restructuring of PKP CARGO, but in Different Ways

Shareholders and Trade Unions Support the Restructuring of PKP CARGO, but in Different Ways

Polish rail freight carrier PKP CARGO is facing a significant decline in transport volumes and rising staff costs. To adapt to the market situation, the…

30 / 05 / 2024
Freight
German Railways in Crisis: Freight Division Loses Billions While Managers Reap Bonuses!

German Railways in Crisis: Freight Division Loses Billions While Managers Reap Bonuses!

Deutsche Bahn recorded massive losses in 2023 when its freight division, DB Cargo, lost EUR 5.6 billion. The group's total loss amounted to EUR 2.4 billion.…

22 / 05 / 2024
Passenger
If It's Not for Staff, It's Not for Football, PKP CARGO Cuts Expenses with a Sharp Pencil

If It's Not for Staff, It's Not for Football, PKP CARGO Cuts Expenses with a Sharp Pencil

Panic at PKP CARGO. To combat a huge operating loss, it is not only laying off staff, but it is also drastically withdrawing financial support for the…

21 / 05 / 2024
Freight
Czech Government Has Approved the Distribution of Money from Emission Allowances After the Third Attempt. The Fight for Money and Influence Is Far from…

Czech Government Has Approved the Distribution of Money from Emission Allowances After the Third Attempt. The Fight for Money and Influence Is Far from…

The dispute over the nature of the revenue, which can reach up to CZK 100 billion annually, and how it should be distributed, has been ongoing since last…

09 / 05 / 2024
Business
Unipart Celebrates Record-Breaking 2023 with Over £1 Billion in Revenue

Unipart Celebrates Record-Breaking 2023 with Over £1 Billion in Revenue

Unipart, the supply chain solutions and performance improvement technologies partner, delivered a strong year of growth and expansion in 2023.

17 / 04 / 2024
Business
Mathematical model of sales and lease back mechanism

Mathematical model of sales and lease back mechanism

In a previous article, we clarified the commitment of the capital of rail carriers. We wrote that the liberalisation of the railways led to the emergence…

04 / 05 / 2021
Business
CER: Financial losses on the railway due to COVID-19 pandemic

CER: Financial losses on the railway due to COVID-19 pandemic

Rail transportation has seen declines in sales due to the COVID-19 pandemic. Based on information from the Community of European Railway and Infrastructure…

13 / 02 / 2021
Business
The Alstom published financial results after the COVID-19 pandemic

The Alstom published financial results after the COVID-19 pandemic

The French national company of ALSTOM recorded a decline in orders and sales in the first half of 2020/2021. This is due to the COVID-19 pandemic. However,…

15 / 11 / 2020
Business