Following threats from former transport secretary Lord Adonis to terminate National Express from operating, the group has now won a two-year extension to its c2c franchise.
The c2c commuter line, which runs between Essex and Fenchurch Street in the City of London, has been granted an extension to May 2013. The contract was previously due to expire in May 2011.
The line which sees approximately 30 million passengers every year will prove very important during the 2012 Olympic Games as it will provide the London, Tilbury and Southend services until 2013.
National Express won the two-year extension after achieving record-breaking punctuality across the c2c franchise. Chief executive, Dean Finch said: “It is testament to our highly professional team who have made the c2c one of the best performing train operators in Britain.
“We are resolute in our commitment to customer service and are determined to continue delivering the highest standards of train service performance.”
http://www.plimsoll.co.uk/industry-report.aspx?Industry=transport-consultants
Showing posts with label transport. Show all posts
Showing posts with label transport. Show all posts
Thursday, 30 December 2010
Monday, 20 December 2010
Stagecoach report high profits despite recent heavy snowfall.
The bus and rail operator reported pre-tax profits in the six months to the end of October had risen to £108.7m, an increase of £33.2m from last year.
The company saw an increase in their UK bus division with profits rising by 16.5 per cent thanks to increased passenger numbers
As the company’s revenue increased by 5 per cent to £1.1bn, chief executive Brian Souter said: “These are a strong set of results and we are encouraged by the increased demand for our services in the UK and North America.”
The company’s US business, megabus.com also had a boost with profits up 9.7%. Ahead of the increase in fuel prices, Mr Souter said the group would “monitor closely the rate and sustainability of economic recovery.”
He added: “The group has a strong financial position and we remain focused on robust cost control. We have made a good start to the second half of the financial year and current trading remains in line with management expectations.
“We look forward with confidence and believe the outlook is positive for our bus and rail services.”
The company saw an increase in their UK bus division with profits rising by 16.5 per cent thanks to increased passenger numbers
As the company’s revenue increased by 5 per cent to £1.1bn, chief executive Brian Souter said: “These are a strong set of results and we are encouraged by the increased demand for our services in the UK and North America.”
The company’s US business, megabus.com also had a boost with profits up 9.7%. Ahead of the increase in fuel prices, Mr Souter said the group would “monitor closely the rate and sustainability of economic recovery.”
He added: “The group has a strong financial position and we remain focused on robust cost control. We have made a good start to the second half of the financial year and current trading remains in line with management expectations.
“We look forward with confidence and believe the outlook is positive for our bus and rail services.”
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