Northern Trains overcomes ‘uncertain and challenging times’ as revenue passes £1bn Transport and infrastructure Northern Trains has posted a revenue of £1bn for its latest financial year after battling “uncertain and challenging times”. The operator has posted a total revenue of £1.07bn for the year to 31 March, 2024, up from the £982.6m it posted in the prior 12 months. Newly-filed accounts with Companies House also show its revenue [...]
LNER: Strikes and storms cost train line over £50m Transport and infrastructure The impact of a series of severe storms and continued strike action cost London North Eastern Railway (LNER) more than £50m during its latest financial year, it has been revealed. The train operator said industrial action in the year to 31 March, 2024, reduced its revenue by £25.9m while extreme weather also impacted its revenue [...]
Train driver shortage concern fuels calls for ‘massive recruitment campaign’ Business Aslef general secretary Mick Whelan said a fifth of his union members are set to retire within the next five years.
Spending without productivity improvements won’t lead to better public services September 4, 2024 Restoring the differentials in public and private sector pay to those which prevailed in 2010 without quid pro quo increases in productivity is simply stirring up trouble for the future, says Paul Ormerod The decision by the government to stuff money into the bank accounts of the train drivers and junior doctors has been widely [...]