DB Schenker sale gets go-ahead
NewsThe Supervisory Board of Deutsche Bahn AG has mandated the Management Board to draw up and prepare the sale of up to 100% of DB Schenker AG
Australia’s Toll Holdings has hauled New Zealand’s rail service back into profit for the first time since the 2001 financial year. The financial year ending on 30 June 2005 was Toll’s first full year as the rail operator after it bought the assets of beleaguered TranzRail and later sold the track network back to the New Zealand government for NZ$1.
Toll New Zealand made a NZ$41.4 mill net profit in 2005 but chairman Mark Rowsthorn warned this would have to improve.
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