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, the Government acknowledged that “the perception of such cycles is clearly felt by parts of […]
Category: Finance
Hitachi Rail announces agreement to acquire Clever Devices
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 solutions that enhance fleet management, passenger experience and operational efficiency for mass transit agencies. The […]
Porterbrook acquires Corelink fleets
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 passengers on regional and long-distance routes between London, Birmingham, and Liverpool. Together, they account for […]
Scottish Government announces £3 million funding for new rail freight terminal
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 company’s Dalcross site, which will help move more goods to the UK market by rail. […]
CMA CGM announces Freightliner acquisition
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: CMA CGM has recently invested heavily in land and air logistics to be less reliant on […]
RIA discussion paper calls for new approach to station development
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 and public approach to station development to fully realise the economic and social value of […]
