Arriva has reported another year of strong growth in the 12 months to 31 December 2014. Group revenue rose 7.4% to €4,491m/£3,304m (2013: €4,180m/£3,075m) and EBITDA was €498m/£366.5m (2013: €467m/£343.7m), a 6.6% increase. During the period, Arriva UK Bus announced an investment programme worth over £45m to facilitate a major upgrade of its fleet, including […]
megabus.com has announced a number of planned timetable improvements to its Benelux network. From 18 May, the company is extending its daily service between Brussels and Luxembourg to serve Strasbourg, once a day in each direction, seven days a week. It is also introducing a new service, which will operate once a day between Rotterdam, […]
Arriva North East has upgraded its half hourly X12 service between Middlesbrough, Stockton, Durham and Newcastle to its MAX branding. The MAX premium brand has also been introduced on the operator’s X1 buses which serve, Darlington, Bishop Auckland, Crook and Tow Law up to every 15 minutes during Monday to Saturday daytimes. These five state […]
According to recent press reports, Sir Brian Souter is planning to auction Alexander Dennis Ltd with a value of £300m suggested. However, ADL has described these media reports as ‘speculation’. An ADL spokesperson said, ‘There is always speculation about our business, as there is about any progressive company that has grown rapidly, both at home […]
Optare has taken the decision to delist from the Alternative Investment Market (AIM). The manufacturer said there are significant costs associated with maintaining a quotation on AIM and the Board of Directors believe these costs outweigh the benefits. It claims these funds would be better deployed to support its investment in product support and future […]
Stagecoach Group has reported trading consistent with its expectations and there is no change to the adjusted earnings per share that it is anticipating for the year ending 30 April 2015. Like-for-like revenue growth for the 48 weeks ended 29 March 2015 in its regional UK bus operations was 2.4%. The same figure for its […]
After 16 months of campaigning, the Bus & Coach Association’s efforts to create what it sees as a more level playing field for commercial operators faced with competition from Community Transport based organisations shows signs of reaching a successful conclusion. The organisation has argued that it is not only morally wrong but illegal under European […]
Volkswagen is creating Truck & Bus GmbH, the new Volkswagen Group holding for the MAN and Scania commercial vehicle brands. The shares in Scania AB held by Volkswagen AG will be transferred to Truck & Bus GmbH. The wholly owned Volkswagen subsidiary already holds 75.28% of the voting rights in MAN SE. Truck & Bus […]