Stagecoach Group will hand back operation of the East Coast Main Line to the government, the train operator has said. The organisation, which has run the franchise in partnership with Virgin Trains since 2015, said it had been advised an “operator of last resort” would be appointed to run the London to Edinburgh service.
SilverRail has signed a new partnership with Stagecoach Group. Stagecoach Group is one of the UK’s biggest and most experienced rail operators, carrying over 278 million passengers each year – meaning nearly one in five people in the UK use their services across the country.
The Competition & Markets Authority has raised concerns over the operation of the East Coast franchise, which is due to be handed back to private hands after five years under government control. The organisation reviewed whether competition concerns could arise given the coach and rail services already operated by Stagecoach Group, which is due to take over control of the line alongside partner Virgin Rail.
A joint venture between Stagecoach Transport and Virgin Rail has been awarded the franchise for the East Coast mainline. The firms have agreed to invest £140 million in the route over eight years, and will pay the government £3.3 billion for the contract. The deal will be finalised pending the successful completion of a standstill period of at least ten days.
New coach-rail services are set to be launched to help storm-hit communities in the south-west of England, Stagecoach Group announced today (26 February 2014). The integrated service will provide a seamless link between London and the West Country using a combination of South West Trains rail services and megabus.com coaches.
Stagecoach Group has started the roll out of contactless payments across its rail companies, making it even easier for passengers to buy their train tickets.
Stagecoach Supertram today announced a new partnership with the Westfield Health British Transplant Games. The Sheffield transport provider is one of a number of local businesses supporting the Games when the event takes place in the city from 16-18 August.
Stagecoach has announced a £3.2m investment in a fleet of Britain’s biggest coaches as it continues to meet growing demand for its market-leading inter-city travel service, megabus.com.
Bus operator Stagecoach has proposed returning £340 million to shareholders, following a review of its capital structure. The proposals, which require shareholder approval, are worth approximately a fifth of the company’s market capitalisation.
* Fleet of 47 new state-of-the-art vehicles for Newcastle and Sheffield * Low carbon buses will deliver at least 30% cut in carbon emissions * Investment supported by award from Government Green Bus Fund * Success follows Stagecoach introduction of UK’s biggest electric fleet
Stagecoach Group today (Monday 9 August) confirmed details of orders for around 340 buses and coaches worth nearly £50million.
Stagecoach employee Bob Reid will soon be swapping Arbroath for Afghanistan as he prepares to serve in the Territorial Army.