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Railfreight operators must maintain a positive outlook: the global economic crisis has hit railfreight hard in many countries, but as John Smith, managing director of British railfreight operator First GBRf explains to Keith Barrow, the long-term outlook remains positive.
Publication:
International Railway Journal
Publication Date: 01-JUN-09 |
Format: Online
Delivery: Immediate Online Access |
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Full Article Title: Railfreight operators must maintain a positive outlook: the global economic crisis has hit railfreight hard in many countries, but as John Smith, managing director of British railfreight operator First GBRf explains to Keith Barrow, the long-term outlook remains positive.(The last word) |
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Article Excerpt
[ILLUSTRATION OMITTED]
THIS year First GBRf celebrates its 10th anniversary, and since signing its first contract in April 2000, it has grown rapidly to become Britain's third-largest railfreight operator with an annual turnover of around 50 million [pounds sterling]. Mr John Smith, who has been managing director of GBRf through a decade of growth, is optimistic the company can remain successful through its first recession.
"We see different scenarios developing over different areas of our business. Coal remains strong but intermodal is struggling. Network Rail has announced a reduction in track renewals, and its new contract with us requires fewer infrastructure trains. The market for construction materials has also drifted,...
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