Articles tagged “rail travel”

Mergers and Acquisitions

Siemens to Buy Rail Software Company Sqills for $650 Million

Sqills has won more contracts from railway operators to upgrade their inventory, booking, and ticketing software than any other tech vendor in recent years. So this acquisition makes sense.

Sean O'Neill, Skift | 4 months ago

Online Travel

7 Travel Startups Kickstarted by the UK Government

Private equity flooded the travel industry during the pandemic, but many startups looked to the government’s Innovate UK arm, which continues to put millions of pounds on the table.

Matthew Parsons, Skift | 5 months ago

Rail

Travel Startup FlixMobility Raises $650 Million More for Intercity Bus and Rail

The holding company for FlixBus and FlixTrain is now the third-most lavishly funded travel startup in history, behind only Airbnb and Oyo. Investors see a big potential for modernized intercity bus and rail, even though many travel industry executives don't consider those sectors hip.

Douglas Busvine, Reuters | 6 months ago

Online Travel

Munich-Based Startup FlixMobility Ready for Train and Bus Resurgence in Europe

A soft brand, FlixMobility is like an Oyo for bus and rail. That's why it had a $2.4 billion valuation going into the pandemic. A CEO interview suggests the startup's asset-light model could prove resilient.

Sean O'Neill, Skift | 7 months ago

Rail

President Biden Touts Amtrak’s Low Climate Impact on the Railway’s 50th Anniversary

U.S. lawmakers have been alarmingly indifferent about infrastructure for years. The pandemic appears to have provided the political will to change that, but the climate crisis is also a factor. The president used Amtrak Friday to make his case.

Sean O'Neill, Skift | 7 months ago

Rail

Amtrak Prepares for Close-Up When the Oscars Go Live at L.A.’s Union Station

When jet-setting Hollywood chooses a train station, yes, a train station, for its biggest night of the year, you know the rail industry is having its 15 minutes in the limelight. Oscars buzz can be short-lived. Amtrak and its biggest fan at 1600 Pennsylvania Avenue hope that isn't the case this year.

Tom Lowry, Skift | 8 months ago

Business Travel

This European Sleeper Train Service Wants to Win Over Corporate Travelers

Convincing businesses to opt for longer train journeys, and that this isn't just a "backpacker express," could be a challenge.

Matthew Parsons, Skift | 8 months ago

Rail

Europe’s Night Trains Reawakened Thanks to the Pandemic

First it was flying. Now governments are banding together to drive home the climate-friendly travel message, and sleeper trains are back.

Markus Wacket and Thomas Escritt, Reuters | 12 months ago

Rail

Europe’s Rail Sector Could Fail as a Greener Travel Option Due to Its Outdated Tech

Rising interest in intercity train travel has been amplified by new European incentives that favor greener forms of travel, plus deregulation. But rail operators are hampered by their old IT systems, which aren't ready to sell to international travelers in the Google era.

Sean O'Neill, Skift | 1 year ago

Rail

How the Pandemic Derailed Amtrak From Its Hopeful Path to First-Time Profits

Amtrak had been on track to notch its first operating profit in its 50 years. But the not-so-novel-anymore coronavirus has dashed the hopes of the U.S. national passenger rail system. President-elect Joe Biden is a fan of Amtrak but might have limited options to ride to the rescue.

Sean O'Neill, Skift | 1 year ago