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

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

Austrian Railways Plans to Grow on International Markets

The Austrian railway group ÖBB is to grow on international markets and digitalise business, the CEO Christian Kern announced on Friday. Small acquisitions or minor cooperation with others is possible, too.

April 17, 2015

Austria and Slovenia Sign Deal for Tunnel Construction

Austria and Slovenia agreed on the cooperation on the development of the Karawankentunnel tunnel as a contract on the financing of the complete project was signed by representatives of Austria's road authority Asfinag and its Slovenian counterpart DARS on Tuesday.

April 14, 2015

Kapsch CarrierCom Telecom Sets Up Joint Venture with Algerian Rail Firm

Vienna-based firm Kapsch CarrierCom, a unit of listed e-toll group Kapsch TrafficCom, set up joint venture Rail-Telecom with Algerian railway operator SNTF, Kapsch said in a statement on Wednesday.

April 1, 2015

State Holding ÖIAG Becomes ÖBIB

State holding OIAG has become ÖBIB as per the decision of Friday's GM. CEO Rudolf Kemler will remain at the helm of the company for the time being as an interim president.

March 20, 2015