April 2003
Amtrak Submits Corridor Maintenance Plan
Amtrak has unveiled an $8bn, five-year plan to halt deterioration in the Northeast corridor and to repair locomotives and cars. The proposal, several thousand pages long, is by far the most detailed capital plan ever produced by Amtrak, giving exact budgets and schedules for thousands of projects. It proposes no new significant passenger services, focusing instead on improving the reliability and cost-efficiency of existing services. See also press release and "Amtrak's Top Gunn", a glowing profile of Amtrak's CEO David L Gunn.
Kansas City Southern Takes Over TFM?
Kansas City Southern plans to take over TFM, Mexico's biggest railroad, as part of a plan to create a new company called NAFTA Rail. KCS is paying $200m to buy Grupo TMM's interest in TFM and another railroad, the Texas Mexican Railway Co. Grupo TMM is a co-owner with Kansas City Southern in TFM and the Texas Mexican Railway, and is said to have financial problems. KCS says it will improve efficiency by installing its computer system at these railways, and that customers would benefit from simpler options. A ruling from the Surface Transportation Board competition authority could take six months to a year. See also KCS press release.
National Express Quits Franchises?
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London Airports Need More Rail
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Mail Underground to Close
An underground railway in London used for mail is to be closed due to falling demand for mail. (April 22nd)Hungarian Axles Fixed
Hungarian train services were stopped on 34 lines and limited on 27 lines in January, when MAV decided to withdraw 259 BZ multiple units after routine checks found cracks in the axles. Since then, services have restarted on most lines, and all will be restored by October. Repairs and replacement busses have cost Ft310m (€1,26m). (April 22nd)Basra Rail Link Restored
The first train to Basra since the overthrow of Saddam Hussein's regime has arrived in Iraq's second city. British troops hope to use the 68 km long railway to transport much-needed aid supplies from the port town of Umm Qasr to Basra. See also map showing railway. (April 19th)EU Blocks SJ Rescue?
The Swedish government's plan to rescue passenger train operator SJ from bankruptcy is to have profitable state-owned companies pay dividends to a fund which would then be used to prop up companies like SJ. This would avoid SJ getting a direct subsidy from the government. However, business lobbies and the parliamentary opposition warn that the plan may not be sneaky enough to get past the European Union's competition and state aid rules, and that the necessary legal deliberations will not be ready in time. SJ announced last fall that it needs €100m by September or it will have to cease operations. See also DN story.
Tranz Rail Problems Worsen
Ratings Dispute Crashes Stock
Shares in Tranz Rail, New Zealand's privatised train and ferry company, lost half their value Wednesday the 16th after a cashflow crisis was disclosed by a newspaper. Court documents from a dispute with rating agency Standard & Poor's were obtained by the New Zealand Herald. This information shot down Tranz Rail's stock to a record low of 35 cents, leaving the company worth NZ$80,5m. The collapse risks shareholders bailing out and selling their shares to a bidder intending to take over the company.Cash Shortage Intensifies Rumours
The cash shortage raises pressure on Tranz Rail to sell assets, which could result in rail customers running their own trains over the network, or the government taking over the network and opening track access to all comers. Tranz Rail has responded by appointing a new interim financial officer. The company also will present a plan for changes in transport policy in May. The trucking division was put up for sale in March. TR is also selling rail cars to a foresting company and the Wellington commuter rail authority, as well as the Wellington Railway Station. See also stories at International Herald-Tribune and Waikato Times.
EWS Considers 200 km/h Trains
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EU Approves Cabotage starting 2008
Freight cabotage within EU countries by 2008 was approved by the EU on March 28th. Three countries including France voted against the plan, which awaits approval by the European Parliament. Open access on certain international routes went into effect two weeks earlier. Cabotage means that a company from country A may provide services between two points in country B. The plan would also harmonize standards and safety rules, and establish a European Railway Agency to oversee cooperation. See also European Commission ‘railway package’ page, stories at Ny Teknik, Riksdag och Departement, and bulletins at IRJ and Eurail Press.
New Bombardier Tube Trains
Bombardier Builds 1738 Tube Coaches
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Tube Privatisation Complete
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Christian Wolmar, critic and author of "Down The Tube", says PPP "is an extremely expensive way of bringing in money from the private sector for a complex and unproven scheme", and that Metronet and Tube Lines will be able to make large profits at low risk. See also BBC stories 1 and 2, and IRJ bulletin. (April 7th)
Laptops Replace Paper in Swiss Locos
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New Croatian Colours
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NSB Drops Signatur?
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New British Safety Board
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