Alstom reports sales of €15.47bn in FY 2021/22
The company’s adjusted earnings before interest and taxes (EBIT) increased from €645m in FY 2020/21 to €767m in FY 2021/22.
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Business & Regulation
CN trims earnings forecast despite increase in quarterly revenues
The company’s revenues totalled C$3.71bn ($2.89bn) in the first quarter of 2022.
Alstom requests arbitration regarding Bombardier Transportation deal
In a separate statement, Bombardier also confirmed receiving the notice from Alstom.
Russian Railways defaults as sanctions strain economy
This is the first time a Russian debt instrument was classified as defaulted since Moscow launched an invasion on Ukraine.
Alstom halts Russia deliveries and future investments
Alstom has also paused partnership talks with Ukrainian rail operator UZ.
Pershing Square picks new stake in railroad operator Canadian Pacific
With this move, Pershing Square becomes one of CP’s top 20 shareholders.
European railways’ response to Ukraine conflict
Rail operators in Ukraine's neighbouring countries have played a vital part in the safe movement of refugees.
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BNSF allocates $3.55bn for 2022 capital investments
BNSF will replace and enhance rail and track infrastructure including ballast and rail ties.