Alstom: Profit slashed at London Underground trains maker August 12, 2025 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. [...]
The best 25th birthday present for the GLA would be more devolution July 11, 2025 25 years since the GLA’s creation, London has made major strides in devolved policy areas, particularly in transport, but now urgently needs more fiscal powers and a formalised partnership between boroughs and central government, says Antonia Jennings Trailblazing. The first of its kind. A UK leader in regional devolution settlements. All phrases which have been [...]
TfL gets £2bn – but no timetable for Bakerloo Line and DLR extension June 11, 2025 Transport for London (TfL) has welcomed a £2bn four-year funding settlement from the government as part of the long-awaited Spending Review. London’s transport operator had been pushing for a multi-year capital funding agreement similar to those at Network Rail and National Highways for years. The government said it is the largest settlement in over a [...]
Thameslink operator slumps into the red ahead of Elizabeth Line takeover June 9, 2025 The operator of London’s Thameslink and Gatwick Express slumped into the red before taking over the Elizabeth Line, it has been revealed. Go-Ahead has reported a pre-tax loss of $36.9m for 2024, having posted a pre-tax profit of $9.7m for the prior 15 months. However, the group pointed to it making a profit after tax [...]
Spending Review: Biggest winners and losers in transport and infrastructure June 9, 2025 Rachel Reeves is set to unveil billions of pounds of investment this week in the spending review, as she looks to fend off criticism over recent cuts. This has made transport and infrastructure one of the big winners of Wednesday’s official announcement. Some £15bn has already been earmarked for public transport projects outside London in [...]
Keep electric cars exempt from Congestion Charge, says Polestar boss June 3, 2025 Electric car users should not be forced to pay London’s congestion charge, even at a discount, the boss of Polestar has said. Transport for London (TfL) last week unveiled proposals to hike the Congestion Charge by a fifth last week, the first increase since 2029. The announcement was coupled with news that electric vehicle (EV) [...]
The Elizabeth Line has clocked enough miles for 45 round trips to the moon May 23, 2025 The Elizabeth Line has clocked up enough miles in its first three years to reach the moon and back 45 times, it has been revealed. More than 600m passenger journeys have been made on the UK’s single busiest railway service since operations began in 2022, according to Transport for London (TfL). That means London’s ‘Lizzie [...]
Sadiq Khan: Home-working risks London ‘hollowing out’ February 11, 2025 Sir Sadiq Khan has raised the alarm on working from home, saying London “cannot afford” to be a city where “the centre has been hollowed out”. The London Mayor urged employers to consider the post-lockdown effect on commuters across the capital, as first reported by the BBC. Khan added unease regarding the amount of young [...]
Elizabeth Line has helped create 400k jobs in and around London January 10, 2025 The area around Canada’s Liverpool Street Station has been one of the biggest benefactors of the new Elizabeth Line research shows. London’s most popular route has carried more than 0.5bn passengers since its inception. Fresh figures from Transport for London (TFL) and Arup show Crossrail has helped create thousands of new jobs by [...]