Trainline boss pay hits the buffers after missing bonuses Transport & Infrastructure Trainline boss Jody Ford has seen his pay packet go off the rails in what will likely be his last year in the job, almost halving to £2.5m. Chief executive Jody Ford’s total pay packet fell by 44 per cent from £4.5m in the firm’s 2026 financial year, after he and executive director Peter Wood [...]
Reform promise to scrap ‘insane’ Northern Powerhouse Rail Transport and infrastructure Reform UK has pledged to scrap Northern Powerhouse Rail (NPR), labelling the project “insane” ahead of a major announcement by the Labour government in the coming weeks. Richard Tice, in a forward to a report by centre-right think tank Policy Exchange, told companies considering bidding for contracts to build NPR that they should “not bother” [...]
Alstom: Profit slashed at London Underground trains maker Transport and infrastructure Profit at Alstom, the train manufacturer which supplies the London Underground, has been slashed by almost £100m as its turnover fell significantly during its latest financial year. The Derby-headquartered business has reported a pre-tax profit of £21.9m for the 12 months to 31 March, 2025, down from the £121m it achieved in the prior year. [...]
Highest profit in over a decade for London St Pancras Highspeed August 4, 2025 London St Pancras Highspeed, the company which runs the rail line between the capital and the Channel Tunnel, has reported its biggest profit for more than a decade. The business has achieved a pre-tax profit of £136.6m for the 12 months to 31 March, 2025, new accounts filed with Companies House show. The total is [...]
LNER revenue passes £1bn as cancellations cut July 28, 2025 LNER, which operates most services on the East Coast Main Line, saw its revenue pass the £1bn mark as it cut the number of trains it cancelled during its latest financial year. The business, which is owned by the Department for Transport, has seen its revenue increase from £866.5m in the year to 31 March, [...]
Northern: Cancellations rise as train company’s profit grows July 28, 2025 Government-owned train company Northern cancelled more services as its profit rose during its latest financial year, it has been revealed. The number of trains cancelled by the business increased from 7.2 per cent to eight per cent in the 12 months to 31 March, 2025, new accounts filed with Companies House show. The rise in [...]
On this day 1848: The opening of Waterloo Station July 11, 2025 Waterloo Bridge Station opened on this day in 1848. 177 years later, it is the largest station in Britain. Eliot Wilson takes us back.
Eurostar ramps up plans to double capacity at London St Pancras July 3, 2025 Eurostar has outlined proposals to double capacity at London St Pancras as it looks to tap growing demand for international rail travel. The cross-channel operator has penned a preliminary deal with London St Pancras Highspeed, formerly HS1, aimed at future proofing the popular hub against overcrowding. A three-part plan includes improving the international area of [...]
Eurostar to launch direct services from London to Frankfurt and Geneva June 10, 2025 Eurostar has announced plans to launch direct services from London to Germany and Switzerland for the first time. The cross-channel operator is looking to purchase 50 new trains at a cost of £1.7bn to service the routes, which are expected to run from the “early 2030s”. Journey times are expected to last around five hours [...]
Network Rail faces extra £213m National Insurance hit May 7, 2025 Network Rail will take an additional £213m hit over the next few years from the National Insurance tax hikes announced in Rachel Reeves’ Autumn Budget, it has been revealed. The figure marks a 16 per cent increase on a previously expected payout of £1.26bn over the remaining four years of its current financial control period. [...]