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Media Monitor: Issue 360 23 Apr 2009

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Frachising, Funding, Regional rail, Arriva, All of UK

Arriva's CrossCountry franchise runs into trouble

Meera Rambissoon

Shares of transport operators slammed into reverse on Wednesday after Arriva, the bus and train operator, said it was possible that its CrossCountry rail franchise would need support from the government.

The Sunderland-based company, which took on the CrossCountry franchise less than two years ago, said that the economic downturn had applied a brake to increases in passenger revenue...

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