Transit
Widely read by rail, light rail and bus operators, local and central governments, the city, consultants and suppliers, New Transit delivered comprehensive passenger transport news and comment.
TRANSIT CEASED PUBLICATION IN JUNE 2010

Edinburgh's big four employers pledge only £1m for trams

THE four largest private sector firms in Edinburgh have pledged just over £1 million between them to the cost of the city's £545m tram project, it can be... continue

23 Jun 2009Transit Xtra

Go-Ahead: Next stop Aviation - as London bus starts to see margin pressure
Damian Brewer, JP Morgan

Trimming 09/10E EPS, PER premium remains Go Ahead’s 65% venture Go-Via recently retained the Southern rail contract, and we wrote about this in our note of 09/06/2009. Following this note’s slight adjustments 08/09E clean EPS remains at 145.4p, 09/10E is cut 1.2% to 107.9p but the PER... continue

23 Jun 2009Transit Xtra
Record bus journeys for Stagecoach Sheffield

Record bus journeys for Stagecoach Sheffield
Meera Rambissoon

Stagecoach Sheffield has clocked up more than 100,000 extra journeys per week during the last 12 months compared to the same period... continue

23 Jun 2009Transit Xtra
ORR welcomes joint plan to improve West Coast performance

ORR welcomes joint plan to improve West Coast performance
Meera Rambissoon

The Office of Rail Regulation has today welcomed the... continue

23 Jun 2009Transit Xtra

Adonis: 'high-speed rail would be end of domestic flights'

A high-speed rail network in Britain would mean the end of domestic flights and short flights to Europe, according to Lord Adonis, the new Transport Secretary. A 200mph high-speed rail network would cut journey times from London to Manchester to one hour 22 minutes and Glasgow to two hours 42... continue

22 Jun 2009Transit Xtra

National Express agrees debt buffer with banks

National Express has struck a deal with banks to delay for six months a tightening of the terms governing its £1.2bn debt mountain. The bus and rail operator had faced reverting to stricter lending terms from 30 June, under which its net debt would be pegged at three-and-a-half times its... continue

18 Jun 2009Transit Xtra

Virgin Trains sets Network Rail deadline to sort WCML

Virgin Trains has set Network Rail a three month deadline to carry out major work on the troubled West Coast Main Line. Angered by months of disruption which has accompanied the £9bn upgrade of the route, the train operator's patience has snapped. Earlier this month the Office of Rail... continue

18 Jun 2009Transit Xtra

£1m spent on bid to keep the Metro

METRO bosses are paying up to £1m in a bid to run the railway they already own. As competition to run trains in Tyne and Wear continues, staff at Nexus have insisted their financial support for the in-house team does not mean they have a vested interest in securing success, but admit they... continue

17 Jun 2009Transit Xtra

National Express in debt talks

National Express is in talks with bankers to renegotiate terms on part of its £1.2bn ($2bn) debt amid fears that the bus and rail operator will breach loan conditions in December. The group is expected to pass a key test of whether it is meeting the terms of its debt at the end of this... continue

17 Jun 2009Transit Xtra

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