Financial

Brisbane City Council upgrades bus network

AUSTRALIA

Brisbane City Council will spend millions of dollars on new upgraded buses under the AUD $2.9bn (£1.6bn) budget for 2014/15 released two weeks ago. Read More »

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Arriva posts significant revenue and EBITDA growth

Arriva has published a review of its performance in the 12 months to December 31, 2013. Read More »

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Shearings in management buyout

CEO Denis Wormwell led the management buyout

CEO Denis Wormwell led the management buyout

Lloyds Commercial Banking backed the move, with the Group renewing its existing banking facilities as part of the deal Read More »

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North

Stagecoach Wigan has announced its official support of Wigan Youth Zone by providing the centre with a £10,000 cheque. Read More »

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Midlands

Shropshire Council’s proposed 60% rise in fees for travel passes for college and sixth form students, which was due to come into force at the start of the new academic year in September, will now be implemented incrementally. Read More »

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Strike action at Optare

Trade Union Unite announced on Wednesday, May 21 that 170 members working for Optare at Sherburn in Elmet would start industrial action on Friday, May 23 over plans to introduce a two-week summer shutdown in August. Read More »

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Stagecoach interim – steady ahead

Stagecoach Group has published an interim management statement for the 40 weeks ended February 2.

Like-for-like revenue growth for the financial year to date in each of the Group’s main businesses was:

  • 4.6% for UK Bus (regional operations);
  • 3.1% for UK Bus in London;
  • 3.9% for UK rail;
  • 5.4% for North America, including Megabus.com; and
  • 5.7% for Virgin Rail Group. Stagecoach’s UK Bus (regional operations) division saw passenger volumes growth of 1.2%.

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ComfortDelGro record revenue

Announcing its audited results for the year ended December 31, 2013, Singapore-based ComfortDelGro said it achieved a record full-year revenue of $3.75bn (Singapore Dollars), an increase of 5.7% on the previous year. Overseas operations accounted for 40.5% of total group revenue.

Group operating profit increased by 3.4% to $426.3m, 48.9% of which was generated offshore. The overseas bus business accounted for 92.3% of group bus operating profit, with public scheduled bus operations in Singapore under SBS Transit incurring a $14.3m operating loss, the third consecutive year of losses.

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National Express ahead of growth targets

National Express ahead of growth targets

National Express ahead of growth targets

Highest revenue growth in core non-rail businesses National Express Group has released its full year results for the year ended December 31, 2013.

Profit before tax was ahead of target at £143.7m, but still a decline on the 2012 figure of £164.1m, reflecting the handover of the National Express East Anglia franchise during 2012. This figure includes a fourth consecutive year of record profit in the group’s core non-rail businesses.

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Go-Ahead on course to reach £100m bus operating profit target

Go-Ahead Group (GAG) has released its half year-results, which it says line up with management expectations. Bus operating profit was up 14.7% to £40.6m, with total operating profit rising 21.4% from £42.1m to £51.1m, with operating profit margin rising from 3.2% to 3.7%.

Read More »

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    The Big Operating Day and Metro-Cammell Celebration, August 24-25, 2014

    Location: The Transport Museum Wythall

    Contact: www.bammot.org.uk | 01564 826471

    Imberbus special bus service to abandoned settlements on Salisbury Plain, August 25, 2014

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