The latest rail industry and company news and analysis from FriedlNews
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Austrian Rail Industry Headlines

500 Austrian Post Employees Switched to Ministerial Jobs since 2009

Listed postal firm Austrian Post AG saw 500 employees to date move to positions in the ministries under the scheme launched in 2009.

June 11, 2015

Hödlmayr Raises Sales to EUR 220 Million

Upper-Austrian vehicle logistics company Hödlmayr International AG with headquarters in Schwertberg generated sales of about EUR 220 million (USD 248 million) in 2014 (EUR 196 million in 2013). Development on international markets contributed most to this growth.

June 9, 2015

Logistics Companies Optimistic about the Future

The Austrian logistics branch is looking into the future with optimism. After the economic collapse in 2008 and the following years, since 2012 the situation has been improving. This has been observed also by the labour office (AMS) in form of growing demand.

June 8, 2015

Austrian Post Acquires 60 Percent of Internet Portal Aktionsfinder

The Austrian Post has acquired a 60-percent stake in Internet portal Aktionsfinder. The closing of the deal took place as of today. Parties have agreed to not disclose the value of the transaction Post announced on Monday.

June 1, 2015

Extension of Metro Lines U2 and U5 Approved

The City of Vienna and the federal government have reached an agreement on the 4th stage of expansion of the underground network in Vienna. Thus, the change of the layout of U2 line to Matzleinsdorfer Platz and the new U5 to Altes AKH has been contractually approved transport minister Alois Stöger (SPÖ) and public transport city councilor Renate Brauner (SPÖ) announced.

May 15, 2015

Westbahn Private Rail Carrier Set to Buy 10 Trains for EUR 180 Mln

Rail carrier Westbahn, majority-owned by private investors, will buy ten new trains for EUR 180 million (USD 201.1 million), supervisory board deputy chair Hans Peter Haselsteiner told journalists on Monday.

May 11, 2015

Siemens Job Cuts Not to Affect Austrian Operations

Austrian facilities of German industrial giant Siemens will not be affected by the planned extensive layoffs, Siemens Austria spokesman Walter Sattlberger told APA.

May 7, 2015

Post AG Q1 Pre-Tax Profit Stable at EUR 57.4 Mln, EBIT Falls

Listed incumbent postal operator Post AG kept Q1 pretax profit stable in y/y terms at EUR 57.4 million (USD 64.45 million) on revenues also flat at EUR 601.9 million, the company said in a report out Thursday.

May 7, 2015

Transport Sector Slowly Speeding Up

Austrian transport industry is slowly speeding up. In the year 2015 there have been no noteworthy stimuli, at the same time the pressure of competition both in domestic transport is growing and in cross-border goods transport there are high market share losses economists from Bank Austria declared on Tuesday.

May 5, 2015

Austrian Post Wants to Raise Its Stake in Turkish Aras Kargo

Next year the Austrian Post AG wants to raise its stake in the Turkish Aras Kargo from 25 percent to 75 percent. The CEO of the Austrian Post, Georg Pölzl wants to invest between EUR 100 million (USD 106.8 million) and EUR 150 million on the 50 percent stake.

April 21, 2015