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Maersk swings to half-year profit

The world's largest container shipping firm, AP Moller-Maersk, returns to profit, thanks to a recovery in container volumes.

Stagecoach revenues soar but it stays silent on rail fare increases

PERTH-based transport group Stagecoach cheered investors yesterday with a strong trading update unveiling across-the-board revenue increases as it stonewalled speculation that rail passengers face swingeing fare increases next January.

Leeds bus services shake up

Long-suffering bus users in Leeds were today told to brace themselves for a controversial shake-up of services.

Thursday, 19 August 2010

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  • Stagecoach profits stay on track Despite concerns over possible changes to fuel duty rebates and concessionary fares on buses, as well as cutbacks to the rail budget, Stagecoach said profits remained on track, with analysts forecasting about £187m pre-tax for the year.
  • French railway gaffe sends sleeper train from Spain off course Tourists travelling on a sleeper train from Spain to Italy woke up nearly 200 miles away in Switzerland after French railway staff made a signalling mix-up in Lyon.
  • Network Rail hits back over Coucher brother claims Network Rail has accused a union chief of running a smear campaign against two of its senior executives in an escalating row between the company and the Transport Salaried Staffs' Association.

Daily Express

  • Stagecoach on right roadSTAGECOACH hailed a bounceback in its bus and train business yesterday and highlighted its strong finances, sparking speculation it could hit the acquisition trail.

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  • Leeds bus services shake upLong-suffering bus users in Leeds were today told to brace themselves for a controversial shake-up of services.

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