Scania’s sales ‘reached an all time high’ at SEK50.1bn/£4.42bn, according to an interim report covering the period between January 2016 to June 2016. Operating profit amounted to SEK1,348m/£118.99m, which has been negatively impacted by a provision of SEK3.8bn/£0.34m related to the European Commission’s competition investigation. Operating profit excluding items affecting comparability rose by 9% to […]
Wrightbus has announced changes to its senior management team structure. The move is in response to ‘vehicle population increase and the expansion and evolution of the business’. Damian McGarry, who most recently has led Wrightbus International, will take over the helm of the Customcare after sales division. Ian Downie will consequently relinquish responsibility for Customcare […]
During the first half of 2016, MAN Group’s order intake in the first six months of 2016 was €7.4bn/£6.26bn, with sales revenue at €6.4bn/£5.42bn. In the first half of 2016, the manufacturer’s operating return on sales increased to 3.7%, after 0.2% in the prior year period. Its operating profit amounted to €236m/£199.76m in the first […]
National Express has made ‘strong progress’ in the first half of the year, with results in line with its expectations. Group revenue amounted to £1.10bn, up from the £0.96bn achieved in the same period last year. Group operating profit rose to £96.2m (H1 2015: £89.6m). Growth in revenue, profit and margins was recorded in both […]
East Coast Buses Ltd has announced timetable and fare information as part of its package to rescue key services in East Lothian. Branded as EastCoastbuses, the wholly owned subsidiary and part of Lothian Buses, the operator is set to introduce new routes in addition to the continuation of existing commercial and school provisions. The company […]
Campaign for Better Transport is urging people to take part in the public consultation on the proposed Greater Lincolnshire Mayoral Combined Authority. The consultation ends on 8 August 2016. Each of the ten local authorities across Lincolnshire will have to formally agree a devolution deal following a consultation with members of the public. According to […]
Operators have taken part in clean air talks arranged by the CPT. The event saw representatives from DEFRA and DfT discuss the forthcoming proposals for mandatory clean air zones in Birmingham, Derby, Leeds, Nottingham and Southampton, which are due to come into operation in 2020. The base level for these was being proposed at Euro6. […]
Rotala has acquired the entire business, brand and six strong vehicle fleet of Elite Minibus and Coach Services Ltd for a cash consideration of £200,000. Rotala estimates that the Elite business has annual revenues of approximately £500,000 and that its vehicle fleet has a fair value of approximately £150,000. The acquisition is expected to generate […]