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News: Network Rail — first-half profit of £706M, and punctuality at 92%

NETWORK Rail has reported a profit of £706 million for the half year to 30 September 2008 and the highest levels of train punctuality since records began (1992), averaging over 92% for the period. The company also explained its position over a possible appeal to the Competition Commission about the Rail Regulator’s decision on spending plans for the next five years.

Friday, 21 November 2008

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  • Orbital bus boost as Mayor cites manifesto pledgeMayor of London Boris Johnson's mayoral election commitment to improve orbital bus services around the capital will see the X26 Croydon to Heathrow Airport service doubled in frequency from Saturday (22 November).
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  • Final push to complete West Coast line by 14 DecemberNetwork Rail says it is confident the £9bn West Coast Main Line upgrade will be completed on time next month, despite a frantic last minute programme of scheduled engineering works over the next three weeks.

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  • Kyle line to remain closed for another three daysA SECTION of the train line between Inverness and Kyle will be closed for at least another three days after it was struck by a landslide which later caused a passenger train to leave the track.
  • Bypass ˜will destroy park of 50,000 trees™A father-of-two who planted around 50,000 trees to offset his family™s carbon footprint yesterday claimed his work would be destroyed unnecessarily if the proposed Aberdeen bypass wins approval.

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  • The car industry: Pass the plateIf Detroit’s carmakers are bailed out, Europe’s will be next in lineNOT only in Washington, DC, is there a fierce debate over state aid to the beleaguered car industry. On November 18th, just as the bosses of General Motors (GM), Ford and Chrysler were lining up before the Senate banking committee to ask for help, the directors of the European Investment Bank, the European Union’s lending arm, were considering whether to give Europe’s carmakers €40 billion ($51 billion) in soft loans. The previous day the German chancellor, Angela Merkel, had met executives of GM&...

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  • Major shippers skirt Gulf of Aden to avoid pirates MOGADISHU (Reuters) - Rampant piracy off Somalia is forcing shipping companies to avoid the Suez Canal and send cargoes of oil and other goods on a longer journey around southern Africa, industry officials said on Thursday.
  • Auto Failure Could Fuel Credit Crisis With lawmakers weighing the possibility of allowing one of the nation's automakers to fail, some on Wall Street and in Detroit are arguing that the consequences of failure could reach far beyond the industry and into the broader economy.
  • Democrats demand Big 3 offer survival plan WASHINGTON (Reuters) - Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion in loans.

Railnews

  • News: Network Rail — first-half profit of £706M, and punctuality at 92% NETWORK Rail has reported a profit of £706 million for the half year to 30 September 2008 and the highest levels of train punctuality since records began (1992), averaging over 92% for the period. The company also explained its position over a possible appeal to the Competition Commission about the Rail Regulator’s decision on spending plans for the next five years.

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  • Trek Chainless BicycleOne of the best forms of exercise is cycling, but there is a downside to owing a bicycle, and that is the chain. These often come of the cogs, or you get greased up if it rubs on you as you cycle. There is hope thanks to the new Trek Chainless Bicycle
  • Offers to buy SpeedFerriesPOTENTIAL buyers have made offers for the troubled ferry company SpeedFerries, administrators say.
  • New look runway set for take off after £16m upgrade project heraldsA multi million pound project to resurface Scotland's busiest airport runway has been completed on budget, and ahead of schedule.

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