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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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HS2 rail benefits are ‘unclear’

Category : Business

The HS2 rail project has an estimated £3.3bn funding gap and the benefits for the economy are “unclear”, the National Audit Office says.

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East Midlands Trains to Offer Passengers Discounted Tickets and Compensation During Major Nottingham Improvement Works

Category : Stocks

- Rail industry first to help customers affected during GBP 100m resignalling works

- 15% discount on daily tickets and two week’s free travel for annual season ticket holders affected

- Work affecting Nottingham train services from 20 July to 25 August

Read more from the original source: East Midlands Trains to Offer Passengers Discounted Tickets and Compensation During Major Nottingham Improvement Works

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Bombardier Inc. (BDRBF: OTCQX International Premier) | Bombardier Wins Rail Operations and Maintenance Contract in Florida

Category : Stocks, World News

April 15, 2013

Bombardier Wins Rail
Operations and Maintenance Contract in Florida

Award confirms
Bombardier’s leadership position as a rail services provider

BERLIN, GERMANY–(Marketwired – April 15, 2013) – Rail
technology leader Bombardier Transportation announced today that it has
signed a contract with the State of Florida Department of Transportation to
provide operations and maintenance services for the Central Florida Commuter
Rail Transit project (also known as SunRail). The contract is valued at
approximately $195 million US ($199 million CAD, 149 million euro), and
includes mobilization activities followed by 10 years of service.

Bombardier’s scope of work for the SunRail commuter rail service will include
operations, dispatching, fleet maintenance, track maintenance, customer
service, station platform and facility maintenance, and material supply. The
Bombardier team will mobilize for service over the coming months and assume
its operations and maintenance responsibilities in the spring of 2014.

The fleet for the SunRail service will include 20 BOMBARDIER BiLevel commuter
rail cars that Bombardier will begin delivering this spring. Over 1,000
Bombardier BiLevel cars are already in operation across the United States and

“We are proud to be part of this very important expansion of public
transit in Central Florida, which will increase people’s mobility, provide a
regional transportation alternative to Central Florida’s congested roads, and
benefit the regional economy,” said Raymond Bachant, President,
Bombardier Transportation North America. “This new agreement confirms
Bombardier’s leadership position as a provider of passenger rail equipment and
services in North America and worldwide. Our strong services portfolio
complements our innovative products and technologies, allowing us to form a
true partnership with our customers throughout the entire product life cycle
and to ensure the highest levels of safety, customer service, on-time
performance, fleet availability and reliability.”

Bombardier has a long-standing track record of providing operations and
maintenance services to transit systems across North America including Agence
Metropolitaine de Transport in Montreal, GO Transit in Toronto, the
Massachusetts Bay Transportation Authority, New Jersey Transit, North County
Transit District in California, OC Transpo in Ottawa, the South Florida
Regional Transit Authority, the Southern California Regional Rail Authority,
and, beginning in June, the Maryland Area Regional Commuter (MARC) Train
Service. Bombardier also supports transit systems with overhaul and
refurbishment programs and material and technology solutions.

About Bombardier Transportation

Bombardier Transportation, a global leader in rail technology, offers the
broadest portfolio in the rail industry and delivers innovative products and
services that set new standards in sustainable mobility. BOMBARDIER ECO4
technologies – built on the four cornerstones of energy, efficiency, economy
and ecology – conserve energy, protect the environment and help to improve
total train performance for operators and passengers. Bombardier
Transportation is headquartered in Berlin, Germany, and has a very diverse
customer base with products or services in more than 60 countries. It has an
installed base of over 100,000 vehicles worldwide.

About Bombardier

Bombardier is the world’s only manufacturer of both planes and trains.
Looking far ahead while delivering today, Bombardier is evolving mobility
worldwide by answering the call for more efficient, sustainable and enjoyable
transportation everywhere. Our vehicles, services and, most of all, our
employees are what make us a global leader in transportation.

Bombardier is headquartered in Montreal, Canada. Our shares are traded on the
Toronto Stock Exchange (BBD) and we are listed on the Dow Jones
Sustainability World and North America indexes. In the fiscal year ended
December 31, 2012, we posted revenues of $16.8 billion USD. News and
information are available at or follow us on Twitter

Note to Editors

For news releases, related material and photos, visit our media centre at

Follow Bombardier Transportation on Twitter @BombardierRail.

BOMBARDIER, BiLevel and ECO4 are trademarks of Bombardier Inc. or its

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Rail cable theft delays ‘in decline’

Category : Business, World News

Train delays caused by metal and cable theft halved in the last year, Network Rail figures show.

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FirstGroup and Morrisons have got problems, but Britain’s Got Talent

Category : Business

The rail company lost its star attraction – the west coast line – but at least the supermarket still has its celebrities onside

Is the rail industry’s silver fox set to fall victim to the City’s slavering hounds? Tim O’Toole, the charismatic but embattled chief executive of FirstGroup, will have to hope that Tuesday’s pre-close trading update assuages his shareholders’ anxiety.

This time last year, a profits warning saw FirstGroup’s share price tumble by a third, before slowly rising back up on the promise of winning the lucrative west coast rail franchise. The ensuing fiasco, in which the Department for Transport confessed to a botched job and decided First couldn’t have a new railway after all, sent the company’s value plunging again.

Despite the government’s attempt to get franchising back on track, including handing First extensions to its Great Western, Thameslink and TransPennine contracts, analysts believe this may be merely postponing First’s pain. The elusive west coast prize is now at least four years away, and O’Toole’s “winning” bid for it has now been widely judged as over-the-top. First will need to bank the merged Thameslink-Southern franchise, where Govia are favourites, before refinancing in 2015: the train cash makes its £2bn debt manageable.

A cut in dividend looks a foregone conclusion. O’Toole, very much a rail man, may need other ways to keep First on track. Selling Greyhound, the US coach service, may be an answer.

Supermarket sweep

Knife-throwing butchers and super-fast shelf stackers should start honing their skills now. Morrisons, Britain’s fourth-biggest supermarket, has splashed out millions to become the new sponsor of ITV1′s Britain’s Got Talent, which airs next Saturday.

In a clever bit of planning, BGT’s hosts, Ant and Dec, are also the stars of Morrisons’ new TV commercials and are even thought to be customers of the Bradford-based retailer. Perhaps chief executive Dalton Philips feels more comfortable in the company of celebrities, especially after spending last Tuesday showing George Osborne around one of his distribution centres.

Announcing the sponsorship of BGT and Ant and Dec’s Saturday Night Takeaway last month, Philips said: “This deal puts us in the homes of millions of potential new Morrisons customers every Saturday night and gives us the opportunity to showcase the talent that shoppers won’t see in any other supermarket.”

Ironically for Morrisons, which is in desperate need of a groceries website, it is replacing Virgin Media in the sponsor’s slot. Perhaps the purveyor of superfast internet connections could advise Philips on his online strategy.

BP to join equality crusade … soon

“I believe board diversity – including the representation of women at the top – helps to make boards more effective,” BP’s Carl-Henric Svanberg wrote in his chairman’s letter last month.

The former Ericsson boss is a member of the 30% Club, a group committed to hiring more female directors, and he has voiced his support for Lord Davies’s Women on Boards report, which recommends that at least a quarter of those sitting around the top table should be female. Specifically, Svanberg committed to improving representation at BP.

The 2011 annual report states: “Our goal is to increase the number of women on the board to three by 2013 and to work towards 25% representation by 2015.” We are already well into 2013, but BP has just two female directors and there are no plans to elect a third at this Thursday’s annual meeting in London.

Cambridge University professor Dame Ann Dowling was brought in to help steer BP in February last year; Cynthia Carroll, the former Anglo American boss, has been a director since 2007. BP never clarified whether it would meet its quota by the beginning or the end of 2013, but a spokeswoman says the target remains. Fortunately, one of BP’s 13 male directors, Byron Grote, is stepping down, so there is a spare seat.

Bringing train times up to date

Category : Business, World News

National Rail Enquiries improves its train information systems

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Rail franchising process to restart

Category : Business

The rail franchising process is to restart, the government will say on Tuesday, six months after the collapse of the West Coast deal stopped it.

Link: Rail franchising process to restart

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Bidders sought for East Coast rail

Category : Business

Private companies have been invited to bid for the East Coast rail franchise, which has been run in the public sector since 2009.

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Many infrastructure projects unlikely to be completed during this parliament

Category : Business

Fewer than one in four road, rail and energy projects finished, putting pressure on chancellor to speed up capital spending

Fewer than one in four of the government’s hundreds of national infrastructure projects – including road, rail and energy schemes – will be completed during this parliament, research by the Guardian has found.

The figures will feed growing pressure on the chancellor, George Osborne, before budget to speed up capital spending on homes, transport and

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High Court to rule on HS2 challenges

Category : Business

The High Court is to rule later on legal challenges suggesting the government failed to follow proper procedures before approving the HS2 rail scheme.

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