🚂 Government approves £60m dividend for train operator with worst performance

The government has been accused of “turning tax revenue into shareholder dividends” over its support for the industry

#UK #News #Politics #TrainCompanies #Travel #Transport

https://www.nationalworld.com/news/politics/government-approves-massive-ps60m-dividend-for-train-operator-with-worst-performance-in-the-country-4110154

🚂 Rail passengers hit with biggest price hike in 11 years from today

Fares in England and Wales will jump by up to 5.9% on average, adding hundreds of pounds to the cost of many annual season tickets.

#UK #News #Politics #Rail #RailFares #TrainCompanies

https://www.nationalworld.com/news/traffic-and-travel/rail-passengers-hit-with-biggest-price-hike-in-11-years-4051223

"As railroad carriers have implemented cuts and more grueling scheduling systems, they’ve also reported record profits and have paid out $196bn in stock buybacks and dividends to shareholders since 2010. BNSF and Union Pacific, the two largest railroad corporations in North America, both reported record profits in 2021." - The Guardian

https://www.theguardian.com/us-news/2022/nov/30/us-rail-strike-unions-decry-biden-proposal

#railstrike #railroadworkers #railwayunions #railways #strike #laborunions #unions #trains #trainstrike #trainunions #traincompanies