Finance

The Government has rejected the premise of a select committee inquiry that rail investment has been subject to systemic ‘boom and bust’, other than in respect of rolling stock.  In its response to the Transport Committee’s Rail Investment Pipelines report,...

Hitachi Rail has entered into a definitive agreement to acquire Clever Devices, a leading US-based provider of Intelligent Transportation Systems for transit agencies around the world. Clever Devices, headquartered in Woodbury, New York, is recognised for its pioneering, advanced technology...

Rolling stock financier Porterbrook has completed a deal to acquire 404 vehicles owned by Corelink Rail Infrastructure Limited (Corelink). The fleet of 324 Class 730 Aventra electric and 80 Class 196 diesel units, operated by West Midland Trains (WMT), serve...

Scottish Government funding of up to £3 million will enable the construction of a new £11.2 million rail freight terminal in Inverness. The award through the Freight Facilities Grant to West Fraser Limited will see a facility built at the...

CMA CGM, the world's third-largest container shipping line, has announced the acquisition of Freightliner UK Intermodal Logistics. Financial terms of the deal, expected to close in early 2026, have not yet been disclosed. According to CMA CGM, the deal will: Strengthen intermodal...

The Railway Industry Association (RIA) has published a new discussion paper which sets out a place-based approach for delivering better stations across the nations and regions of the UK. The paper, ‘Stations: Engines of Communities’, calls for a new private...

The latest statistics from the Office of Rail and Road (ORR) show that train fare revenue between April 2023 and March 2024 rose by 14% to £10.4 billion compared to the previous twelve months, but at a slower rate than passenger...

Network Rail has achieved its first Fair Tax Mark accreditation from the Fair Tax Foundation, demonstrating the company’s commitment to responsible tax conduct. The Fair Tax Mark is the gold standard accreditation for responsible tax conduct awarded by the Fair...

Rolling stock financier and asset management company Porterbrook has announced the successful closing of its £250 million Private Placement. The transaction, which includes existing and new investors, has enabled the company to extend its debt maturity profile at attractive pricing...

New research from WPI Economics, commissioned by Rail Delivery Group, reveals the rail industry generated £26 billion in economic, environmental and social benefits to UK over the past year, with rail customers contributing £98 billion through spending within local...