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In brief: Worldwide montly news & informations about Buses, Busmakers, Passengers' and the Transport Industry

27.10.10

PASSENGERS' TRANSPORT SERVICE * UK - Main operators facing stress in the city

London,UK - The Financial Times, by Gill Plimmer -October 26 2010: -- The capital’s bus market may have escaped the worst of the government’s austerity measures, but the 7 per cent fall in revenues at Go-Ahead’s London bus business highlights the pressure facing operators in Britain’s biggest city... Transport for London, the mayor’s transport authority, has been faced with an unprecedented budget squeeze that has seen it try to cut costs on the £800m-a-year service, and it is the knock-on effect of this that has dented profits at Go-Ahead’s London bus arm, analysts said... The London bus market remains unique – the last service in the country to be regulated, where the mayor sets fare levels and pays companies for every mile operated... But while these payments remain unchanged, TFL has cut its quality incentive scheme – the bonuses used to reward bus operators for cleanliness, punctuality and quality of service... The reduction has hit an industry already under pressure from a fall in passenger revenues during the recession... Last week the East London Bus Group, the city’s third-biggest operator, was rescued from bankruptcy by Stagecoach, its former owner, in a £52.8m deal... In August Deutsche Bahn, the German state group, took over a fifth of the London market after its purchase of Arriva, while last year National Express jumped off London buses altogether, to be replaced by the Dutch state railway company, which operates as Abellio... In spite of this, London remains a good place to do business for the country’s big five bus and train operators. While the market outside the capital has been hit by the government’s decision in the comprehensive review to cut the bus operator’s fuel duty allowance by 20 per cent from 2012, London remains largely unaffected because of its franchising model... (Images icnetwork.co.uk: Birmingham's city centre bus)

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