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Vienna International Rail Industry News
Read the latest headlines about developments in the international rail industry in Vienna and Austria
New Board Member at ÖBB-Infrastruktur AG
Siegfried Stumpf succeeds Herwig Wiltberger, who retires from the Board on health reasons at the end of November.
September 22, 2011
Turnaround of RCA Is „Very Close“
The restructuring process of the Rail Cargo Hungaria, a subsidiary of the Austrian Federal Railways (ÖBB) is going on. The rail cargo segment reports better results than expected.
September 19, 2011
Westbahn Company to Provide Bus Service
The new Austrian competitor to the Federal Railways (ÖBB) intends to extend its transport services to bus lines.
September 13, 2011
ÖBB: “Cargo Business on the Right Track“
The Austrian Federal Railways’ CEO is satisfied with the development of the group’s cargo unit. RCA achieved a positive operating result in the first half of the year.
August 26, 2011
SNCF Acquires Stake in Westbahn
The French national railway company participates with 26% in ÖBB’s new competitor. Operations start on 11 December.
August 24, 2011
Tumpel-Gugerell Appointed to the Supervisory Board of ÖBB
The former central banker will join the Supervisory Board of the Austrian Federal Railways’ holding company.
August 18, 2011
ÖBB’s Debt Will Amount to € 30bn in 2020
Large infrastructure development projects will almost double the Austrian Federal Railways’ debt. In relation to other European countries, Austria spends the second highest amount per capita on the expansion of rail networks.
July 4, 2011
Hungary Considering Buyback of ÖBB’s Rail Cargo Hungaria
The Hungarian state is interested in acquiring a stake in the Austrian Federal Railways’ cargo subsidiary which it privatized in 2008.
June 14, 2011
ÖBB with Capital Injection for Its Italian Freight Business
The Austrian Federal Railways’ subsidiary Linea needs additional funding in order to cover its last year’s losses of € 5.8m.
June 9, 2011
ÖBB: Opposition to Privatization Plans
Austrian Finance Minister Maria Fekter has sparked a debate about the railway company’s future. Her plans have been criticized from many sides.
June 6, 2011
Rail Freight Transport Increased in 2010
The volume of goods transported on Austrian railways increased by 8.9% in the last year. However, it is still below the level of 2008.
May 31, 2011
ÖBB: No Sale of Loss-Making Rail Cargo Hungaria
The Austrian Federal Railways want to become market leader in rail cargo in Central and Southeastern Europe. € 30m will be invested in Hungary.
May 27, 2011
Surprisingly Good First Quarter Results for ÖBB
The Austrian Federal Railways achieved earnings of € 4.2m before tax in the first three months of 2011. For the full year, however, the company still forecasts a loss.
May 23, 2011
Massive Losses for Federal Railroad
The Austrian Federal Railways (ÖBB) had to report a record loss of € 330m in 2010. CEO Kern speaks of "legacy".
April 30, 2011
Kern Leads an Image Campaign for ÖBB
With humorous content, but caused by the serious situation of the Austrian State Railway, CEO Christian Kern intends to promote greater understanding for the Group.
April 26, 2011
ÖBB Debt Reduction is Further Delayed
The debt of the Federal Railroad increases dramatically through the acquisition of a 25% share in the Brenner Base Tunnel (BBT) project,
April 15, 2011
Decline in Sales for Salzburg AG
The Salzburg AG for energy, transport and telecommunications could hold its profits stable despite falling sales.
April 13, 2011
Kern: "We are Struggling for Survival"
The CEO of the Austrian Federal Railways (ÖBB), Christian Kern, paints a dramatic picture of the largest domestic transport company.
April 8, 2011
Economic Chamber: Austria's Economy in Distress because of ÖBB-Structuring
"Significant price increases and deterioration of rail services will lead to shift of traffic to roads."
March 24, 2011 · Updated: March 24, 2011; 00:49
No Sale of ÖBB-Power Plants
The proposal that the Austrian Federal Railways sell its assets rather than increase its capital meets with vehement rejection.
March 23, 2011
ÖBB Restructuring: "There is no other Alternative"
Christian Kern, CEO of the Austrian Federal Railways (ÖBB) explains his plans to manage the turnaround in an interview with the magazine "Standard".
March 12, 2011
ÖBB: Cargo Division as Loss-Maker
The continuing crisis of the Austrian Federal Railways (ÖBB) is due in large extent to the losses in freight traffic of Rail Cargo Austria (RCA).
March 8, 2011
Major order for Siemens Austria
The Austrian subsidiary of the German electronics group receives a new order from Poland for the construction of underground train sets.
February 26, 2011
WKÖ: "Clear Commitment to the Brenner Base Tunnel is Needed”
The chairman of the Austrian Economic Chamber considers the tunnel between Italy and Austria as a pioneering infrastructure project.
February 23, 2011
Brenner Tunnel: ÖBB will not pay
The Austrian Federal Railways will only accept to build the tunnel for € 10bn, if the costs are passed on to the state.
February 22, 2011
Difficulties in ÖBB Restructuring
The Austrian Federal Railways cannot get out of their debt crises. Restructuring of the freight division requires additional funding
February 15, 2011
Tension between ÖBB and ÖVP
The conflict over the finances of the Austrian State Railway between the ÖBB and the ruling ÖVP goes on.
February 8, 2011
ÖBB CEO Kern Closes In on Politicians
The CEO of the Austrian Federal Railways (ÖBB), Christian Kern, reacts angrily to accusations made by politicians.
February 5, 2011
The Westbahn Complains Because of ÖBB-Subsidies
In December, the new “Westbahn” (Western Railway) will start competing with the ÖBB (Austrian state railways) which are allegedly being privileged by the government.
February 3, 2011
ÖBB in "Rebuilding Phase"
The CEO of the Austrian Federal Railways, Christian Kern, sees a new era beginning for the group. He intends to put more focus on performance.
January 22, 2011
Austrian Federal Railways Needs € 400m
Christian Kern, CEO of the Federal Raiways (ÖBB), backed up his call for a capital increase.
January 3, 2011
Drastic Job Cut at ÖBB
The Austrian Federal Railways cuts 650 posts at its freight division Rail Cargo Austria (RCA).
January 1, 2011
Czech Railways Considers to Acquire ÖBB-Railjets
The Austrian Federal Railways doesn´t want to exercise its option to buy further Railjets from Siemens.
December 28, 2010
French SNCF Participates in Westbahn Project
The French National Railways acquire a stake of 25% in the Haselsteiner project.
December 17, 2010
Allegations of Market Abuse Against ÖBB
The Austrian Federal Railways are facing another accusation by the Federal Competition Authority. Rail Cargo is said to have abused its market power.
December 17, 2010
JCL Logistics and Rail Cargo Austria Step into Strategic Alliance
Both logistics companies agree to establish a cooperation in groupage service. Their common target is to reach synergies in their transport network.
December 15, 2010
Linz AG: Decrease in Operating Profits
The Upper-Austrian energy supplier experiences a slight increase in sales. Profits declined. However, the board states to be “satisfied”.
December 14, 2010
Extra-budgetary Debts Grow Unabated
Debt levels which are not attributed to the Austrian Federal Budget rise exorbitantly. Above all, the ÖBB and Asfinag are responsible.
November 30, 2010
ÖBB-CEO Kern Reconstructs Freight Division
After the decisions made about personnel, Kern wants to make the freight division profitable again. The group’s CEO has accorded himself three years for the process.
November 26, 2010
ÖBB: Changes in Freight Traffic Leadership
Because of poor results, the ÖBB CEO has to act on facts: The managers of the freight division are being replaced.
November 25, 2010
Wiener Stadtwerke Inaugurates New Headquarters
The largest Viennese infrastructure company concentrates its activities at the new headquarters and also sets a mark for urban development.
November 24, 2010
Siemens Austria: New Orders from Bangkok
The Thai BTSC has placed an order at Siemens for 35 additional intermediate cars for the city rail system. Works in Bangkok start in 2012..
November 22, 2010
The ÖBB is a Risk Factor for the State Budget
While the investment projects for the ÖBB are being reduced by Transport Minister Doris Bures, a fiasco is threatening on the revenue side.
November 15, 2010
Linz AG: Pause After Investment Offensive
The municipal company recorded extraordinary high capital expenses in 2009. The next projects are still in the planning phase.
November 11, 2010
Kapsch CarrierCom Gets Major Contract for GSM-R Project in Spain
Kapsch was commissioned by the Spanish railway authority Adif with the implementation of a GSM-R network.
November 9, 2010
Competition for Hungarian ÖBB Subsidiary
Rail Cargo Hungaria (RCH) is still fighting for restructuring success. Meanwhile, a new competitor has appeared in the freight business.
November 5, 2010
Strabag CEO Haselsteiner: Koralmtunnel Has To Be Built
Haselsteiner reacts sharply to criticism of the construction of the Koralm tunnel. He sees the infrastructure measure as economically sensible.
November 2, 2010
ÖBB: Alleged Corruption
An internal document about a meeting of the ÖBB Supervisory Board in 2008 has now appeared. Bribes are openly talked about.
October 29, 2010
EU Funds to Finance Brenner Tunnel until 2015
The European Commission has extended its partial financing commitment for the Brenner tunnel. However, appropriate measures must be taken soon. Deliberations are still underway at present.
October 28, 2010
STRABAG Builds the Koralm Tunnel
The controversial project will be built by the construction group Strabag. The total investment amounts to around 600 million euro.
October 28, 2010
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