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

Putting foot down for faster rail links

TRANSPORT minister Stewart Stevenson has unveiled a new team charged with developing the business case for extending high-speed rail links between Edinburgh and London. Speaking during a major conference in the Capital yesterday, Stevenson said the economic evidence would be submitted to High... continue

13 Jun 2009Transit Xtra

Stagecoach's Megabus coaches profit in North America

megabus.com, the Stagecoach-owned budget inter-city coach service, has attracted one million passengers in North America in the past six months as the airline and car industries are hit by the economic downturn. Sales at megabus.com in North America grew by 183% between 1 May 2008 and 30 April... continue

12 Jun 2009Transit Xtra
NedRailways acquisition of Travel London business complete

NedRailways acquisition of Travel London business complete

NedRailways today completed its acquisition of National Express Group’s London bus business, Travel London - a deal which represents NedRailways' first step into the UK bus sector, and which it says reinforces the... continue

10 Jun 2009Transit Xtra

Veolia eyeing Transdev to form transport giant

French utility group Veolia (VIE.PA) is looking at ways to combine its transport arm with French transport group Transdev to create a new European leader in the travel sector, it said on Tuesday. Veolia Transport is "interested in possible changes in the share capital of Transdev", a... continue

10 Jun 2009Transit Xtra

RMT strike after 'LU lawyers pull rug from deal'
Meera Rambissoon

The RMT have said that their 48hour tube strike, currently underway on most but not all of the London Underground, has gone ahead after lawyers for London Underground "pulled the rug from under a deal which would have settled the dispute". "RMT negotiators spent all afternoon and... continue

10 Jun 2009Transit Xtra
Govia's Southern Railways keeps South Central franchise

Govia's Southern Railways keeps South Central franchise

Transport Secretary Andrew Adonis today awarded the South Central rail franchise to Govia subsidiary Southern Railways - the current franchise operator, beating other bidders NedRailways, Stagecoach and National Express... continue

9 Jun 2009Transit Xtra

TfL tries to keep London moving under strike
Meera Rambissoon

London mayor Boris Johnson and Transport for London have unveiled a raft of extra services to help Londoners and commuters get around the Capital, after talks between the London Underground and the RMT broke down - signalling that the 48-hour Tube strike from 1859 today to 1858 on Thurday June 11... continue

9 Jun 2009Transit Xtra

Talks break down over Tube strike

Millions of commuters and visitors to London face travel chaos after talks aimed at averting a two-day strike by Tube workers broke down. The announcement was made after 10-hour talks failed to produce a breakthrough in the dispute, over jobs and pay. The walkout, which is expected to affect the... continue

9 Jun 2009Transit Xtra

Howarth leaves Blackpool as concessionary fares bite

Blackpool Transport has announced that its operations director, Oliver Howarth, is to leave the company in August as part of a package of savings required because of deep cuts in the concessionary reimbursement rates paid to the company by the consortium of Lancashire district councils. Other... continue

9 Jun 2009Transit Xtra
Bob Dorr takes helm at First Aberdeen

Bob Dorr takes helm at First Aberdeen
Meera Rambissoon

City bus operator, First Group in Aberdeen, has this week appointed Bob Dorr as managing director of the... continue

9 Jun 2009Transit Xtra
New Transit coming 23rd June

New Transit coming 23rd June

Find out what life is like for Sir Moir Lockhead, head of rail and bus giant First Group.  Lockhead muses... continue

8 Jun 2009Transit Xtra

TfL consultants 'cost millions', claim unions

Unions have accused Transport for London (TfL) of "wasting" millions of pounds on consultants. Unison and the Transport Salaried Staffs Association (TSSA) said TfL's consultants earn up to £2,700 a day. The unions alleged TfL were keeping consultants on the roll while laying off... continue

8 Jun 2009Transit Xtra
Stagecoach invests £9m in green coach fleet

Stagecoach invests £9m in green coach fleet
Meera Rambissoon

Stagecoach announced today that it is investing more than £9m in an entire new fleet of vehicles for its Oxford Tube... continue

8 Jun 2009Transit Xtra
Talks aim to prevent tube strikes

Talks aim to prevent tube strikes

London Underground and union leaders will hold talks later in an attempt to avert a 48-hour Tube strike which could leave millions... continue

8 Jun 2009Transit Xtra

South Central franchise to be announced this week

Rail franchise award points way ahead The first rail contract to be awarded since the recession started will be announced this week in a closely-watched deal that will set the benchmark for future agreements. Four bidders are on the shortlist to run the busy South Central commuter routes, which... continue

8 Jun 2009Transit Xtra
DfT takes control of London & Continental Railways

DfT takes control of London & Continental Railways
Meera Rambissoon

New transport secretary Andrew Adonis has announced today that the government has taken formal control of London & Continental Railways and its financial subsidiaries, as the next step towards... continue

8 Jun 2009Transit Xtra

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