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Investor Presentation 2019
Eversholt Rail Investor Presentation 2nd December 2019 Contents • Strategic context • Refranchising, opportunities and challenges • New and existing fleet management • Financial overview • Conclusions • Q&A 1 Executive summary • 2015-2018 characterised by investment to grow balance sheet • General election result and Williams Review should set the industry’s direction of travel over the medium term • Business focused on long-term value while addressing strategic challenges and opportunities • Contracted new build programmes coming to a very successful conclusion: C802 fleet fully delivered, C397 in advanced state of delivery and C195/C331 fleets progressing well • Management effort shifting to maximising opportunities for fleets with leases expiring in the near future and exploring attractiveness of alternative growth opportunities 2 Strategic context Strategy Great Trains, Great People, Great Future To be recognised as the expert provider of transport asset financing and Vision asset management for the long term Two strands to our strategy: 1 Optimise our current portfolio through maximising asset utilisation and investing to enhance residual value (RV) 2 Developing opportunities for further growth in transport sector Maintain investment discipline: we will continue to be selective in choosing growth opportunities ensuring that they are the right assets for our portfolio Great Trains Great Great People Great Great FutureGreat C802 all units in service Company offsite C397 in service 2019 4 2019 – pressures across the rail industry Reshaping -
Gloucester Railway Carriage & Wagon Co. 1St
Gloucester Railway Carriage & Wagon Co. 1st Generation DMU’s for British Railways A Review Rodger P. Bradley Gloucester RC&W Co.’s Diesel Multiple Units Rodger P Bradley As we know the history of the design and operation of diesel – or is it oil-engine powered? – multiple unit trains can be traced back well beyond nationalisation in 1948, although their use was not widespread in Britain until the mid 1950s. Today, we can see their most recent developments in the fixed formation sets operated over long distance routes on today’s networks, such as those of the Virgin Voyager design. It can be argued that the real ancestry can be seen in such as the experimental Michelin railcar and the Beardmore 3-car unit for the LMS in the 1930s, and the various streamlined GWR railcars of the same period. Whilst the idea of a self-propelled passenger vehicle, in the shape of numerous steam rail motors, was adopted by a number of the pre- grouping companies from around the turn of the 19th/20th century. (The earliest steam motor coach can be traced to 1847 – at the height of the so-called to modernise the rail network and its stock. ‘Railway Mania’.). However, perhaps in some ways surprisingly, the opportunity was not taken to introduce any new First of the “modern” multiple unit designs were techniques in design or construction methods, and built at Derby Works and introduced in 1954, as the majority of the early types were built on a the ‘lightweight’ series, and until 1956, only BR and traditional 57ft 0ins underframe. -
TCRP Report 52: Joint Operation of Light Rail Transit Or Diesel Multiple
APPENDIX A Key FRA Regulations (Affecting Joint Use) The following is a listing of key FRA specifications. This listing is intended as a regulations taken from the Code of Federal general identification of the operative code Regulations (49 CFR 200-299), Federal sections, along with a general description Railroad Administration, that may affect of the requirements. This identification joint operation of light rail transit or diesel code section should not imply or impute multiple unit vehicles with railroads. The that the code provision will need to be selected regulations concern operational modified to operate light rail transit or procedures, standards, and certain design DMU with railroads. Regulation Number and Section Comment §209: Railroad Safety Enforcement Policy procedures for assessing Procedures penalties and for appealing penalties. Also includes, fitness-for-duty and follow-up on FRA recommendations. §210: Railroad Noise Emission Covers total sound emitted by moving Compliance Regulations rail cars and locomotives. Does not apply to: • Steam engines; • Street, suburban, or interurban electric railways, unless operated as a part of the general railroad system of transportation; • Sound emitted by warning devices such as horns, whistles, or bells when operated for the purpose of safety; • Special-purpose equipment that may be located on or operated from rail cars. §211: Rules of Practice Subpart C - Rules of practice that apply to Waivers rulemaking and waiver proceedings, review of emergency orders issued §211.41: Processing of petitions for under 45 U.S.C. 432, and miscellaneous waiver of safety rules safety-related proceedings and informal safety inquiries. Page A-1 Regulation Number and Section Comment §212: State Safety Participation Establishes standards and procedures for Regulations State participation in investigative and surveillance activities under Federal railroad safety laws and regulations. -
Appendix: Statistical Information
Appendix: Statistical Information Table A.1 Order in which the main works were built. Table A.2 Railway companies and trade unions who were parties to Industrial Court Award No. 728 of 8 July 1922 Table A.3 Railway companies amalgamated to form the four main-line companies in 1923 Table A.4 London Midland and Scottish Railway Company statistics, 1924 Table A.5 London and North-Eastern Railway Company statistics, 1930 Table A.6 Total expenditure by the four main-line companies on locomotive repairs and partial renewals, total mileage and cost per mile, 1928-47 Table A.7 Total expenditure on carriage and wagon repairs and partial renewals by each of the four main-line companies, 1928 and 1947 Table A.8 Locomotive output, 1947 Table A.9 Repair output of subsidiary locomotive works, 1947 Table A. 10 Carriage and wagon output, 1949 Table A.ll Passenger journeys originating, 1948 Table A.12 Freight train traffic originating, 1948 TableA.13 Design offices involved in post-nationalisation BR Standard locomotive design Table A.14 Building of the first BR Standard locomotives, 1954 Table A.15 BR stock levels, 1948-M Table A.16 BREL statistics, 1979 Table A. 17 Total output of BREL workshops, year ending 31 December 1981 Table A. 18 Unit cost of BREL new builds, 1977 and 1981 Table A.19 Maintenance costs per unit, 1981 Table A.20 Staff employed in BR Engineering and in BREL, 1982 Table A.21 BR traffic, 1980 Table A.22 BR financial results, 1980 Table A.23 Changes in method of BR freight movement, 1970-81 Table A.24 Analysis of BR freight carryings, -
Rail Industry Decarbonisation Taskforce
RAIL INDUSTRY DECARBONISATION TASKFORCE FINAL REPORT TO THE MINISTER FOR RAIL JULY 2019 | WITH THE SUPPORT OF RSSB DECARBONISATION TASKFORCE | FINAL REPORT | 01 Foreword I am pleased to present, on behalf of the Rail Industry Decarbonisation Taskforce and RSSB, the final report responding to the UK Minister for Rail’s challenge to the industry to remove “all diesel only trains off the track by 2040” and “produce a vision for how the rail industry will decarbonise.” The initial report, published in January 2019, set out credible technical options to achieve this goal and was widely welcomed by stakeholders. RIA has published its report on the Electrification Cost Challenge. This final report confirms that the rail industry can lead the way in Europe on the drive to decarbonise. It sets out the key building blocks required to achieve the vision that the rail industry can be a major contributor to the UK government’s1 target of net zero carbon2, 3 by 2050, provided that we start now. The GB rail system continues to be one of the lowest carbon modes of transport. It has made material progress in the short time since the publication of the initial report. • The industry has continued to develop technologies toward lower carbon. • RSSB has completed its technical report into decarbonisation, T1145. • The investigation into alternatives for freight, T1160, is well underway. • The Network Rail System Operator is conducting a strategic review to develop the lowest cost pathway for rail to decarbonise to contribute to the national net zero carbon target. The Taskforce is very cognisant of the government review of the rail industry ongoing under the independent chairmanship of Keith Williams and we have provided evidence accordingly. -
THE DECEMBER SALE Collectors’ Motor Cars, Motorcycles and Automobilia Thursday 10 December 2015 RAF Museum, London
THE DECEMBER SALE Collectors’ Motor Cars, Motorcycles and Automobilia Thursday 10 December 2015 RAF Museum, London THE DECEMBER SALE Collectors' Motor Cars, Motorcycles and Automobilia Thursday 10 December 2015 RAF Museum, London VIEWING Please note that bids should be ENQUIRIES CUSTOMER SERVICES submitted no later than 16.00 Wednesday 9 December Motor Cars Monday to Friday 08:30 - 18:00 on Wednesday 9 December. 10.00 - 17.00 +44 (0) 20 7468 5801 +44 (0) 20 7447 7447 Thereafter bids should be sent Thursday 10 December +44 (0) 20 7468 5802 fax directly to the Bonhams office at from 9.00 [email protected] Please see page 2 for bidder the sale venue. information including after-sale +44 (0) 8700 270 089 fax or SALE TIMES Motorcycles collection and shipment [email protected] Automobilia 11.00 +44 (0) 20 8963 2817 Motorcycles 13.00 [email protected] Please see back of catalogue We regret that we are unable to Motor Cars 14.00 for important notice to bidders accept telephone bids for lots with Automobilia a low estimate below £500. +44 (0) 8700 273 618 SALE NUMBER Absentee bids will be accepted. ILLUSTRATIONS +44 (0) 8700 273 625 fax 22705 New bidders must also provide Front cover: [email protected] proof of identity when submitting Lot 351 CATALOGUE bids. Failure to do so may result Back cover: in your bids not being processed. ENQUIRIES ON VIEW Lots 303, 304, 305, 306 £30.00 + p&p AND SALE DAYS (admits two) +44 (0) 8700 270 090 Live online bidding is IMPORTANT INFORMATION available for this sale +44 (0) 8700 270 089 fax BIDS The United States Government Please email [email protected] has banned the import of ivory +44 (0) 20 7447 7447 with “Live bidding” in the subject into the USA. -
H2@Railsm Workshop
SANDIA REPORT SAND2019-10191 R Printed August 2019 H2@RailSM Workshop Workshop and report sponsored by the US Department of Energy Office of Energy Efficiency and Renewable Energy Fuel Cell Technologies Office, and the US Department of Transportation Federal Railroad Administration. Prepared by Mattie Hensley, Jonathan Zimmerman Prepared by Sandia National Laboratories Albuquerque, New MexiCo 87185 and Livermore, California 94550 Issued by Sandia National Laboratories, operated for the United States Department of Energy by National Technology & Engineering Solutions of Sandia, LLC. NOTICE: This report was prepared as an account of work sponsored by an agency of the United States Government. Neither the United States Government, nor any agency thereof, nor any of their employees, nor any of their contractors, subcontractors, or their employees, make any warranty, express or implied, or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represent that its use would not infringe privately owned rights. References herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise, does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government, any agency thereof, or any of their contractors or subcontractors. The views and opinions expressed herein do not necessarily state or reflect those of the United States Government, any agency thereof, or any of their contractors. Printed in the United States of America. This report has been reproduced directly from the best available copy. Available to DOE and DOE contractors from U.S. Department of Energy Office of Scientific and Technical Information P.O. -
Diesel Multiple Unit (DMU) Fact Sheet February 2016
Oasis Rail Transit Diesel Multiple Unit (DMU) Fact Sheet February 2016 Approximately 17 miles in length, the proposed Oasis Rail Transit corridor extends between downtown Cincinnati and the City of Milford and would initially be served by seven stations. In addition to providing a new rail-based regional transportation option serving Eastern Corridor communities, the Oasis line would also offer new opportunities for community enhancement and development. PREFERRED RAIL VEHICLE TYPE: DMU One of the most prominent features considered for the Oasis line is the actual rail vehicle (or train) that would transport passengers to their destinations. Early studies completed for the Eastern Corridor Program recommended that self-propelled passenger coaches be considered as the preferred rail vehicle type. Further studies explored in more detail the technologies available for the line including: • Diesel-powered locomotives pulling single or bi-level passenger coaches • Electrically-powered streetcar-type vehicles • Electrically-powered light rail vehicles call Electric Multiple Units (EMU/LRT) • Diesel-powered passenger cars (Diesel Multiple Units or DMUs) The results of those studies confirmed that diesel-powered passenger cars, or DMUs, would be the most appropriate technology for the Oasis Rail Transit line. Features of DMUs that made it stand out beyond other rail vehicle choices included: • DMUs are flexible in terms of operational capabilities and can efficiently serve the 17-mile Oasis corridor – which is too short for traditional “push-pull” locomotives and coach cars but More information about rail generally too long for streetcar-type vehicles – and efficiently vehicles is available in the Oasis manage the spacing between stations. -
Export Or Die! British Diesel-Electric
BACKTRACK 22-1 2008:Layout 1 21/11/07 15:48 Page 52 ‘EXPORT OR DIE!’ BRITISH DIESE No. 138 AND MODERNISATION PART A PERSONAL ASSESSMENT OF SOME Hawthorn, Leslie’s had Forth Banks works with the Type 4s at the Vulcan Foundry, sixteen ASPECTS OF RAILWAY HISTORY expanded into Stephenson’s former Forth Street being delivered from July 1957 to the end of that BY MICHAEL RUTHERFORD premises. year and the rest in the first quarter of 1958. ABOVE: Three 1,600hp diesel-electrics were The ten Type 4s were not the first of the Pilot Further deliveries of the latter began in ordered by the Southern Railway which had a Scheme orders to be delivered. Twenty Type 1s had September and October 1959 with batches from post-war plan to dieselise non-electric routes. also been ordered from English Electric both Newton-le-Willows and Darlington, the These locomotives were not rushed out and (Nos.D8000–8019) and were built concurrently Lancashire factory also producing more Type 4s had improved engines. The first two (Nos.10201 and 10202) of 1,760hp were built at Ashford in 1950/51 whereas No.10203, built at Brighton in 1954, was held back, redesigned and fitted with the MKII engine of 2,000hp, becoming the prototype for the EE Type 4. It was captured here when new in April 1954 on a test train at Waterloo. (S. C. Townroe/Colour-Rail DE629) his year, 2008, marks the 50th anniversary of the first batch of Type 4 main line diesel- Telectrics delivered as part of the British Railways Pilot Scheme of the Modernisation Plan of 1955 and this was alluded to in the colour spread included in last month’s Backtrack. -
Operational Rail Vehicle Strategy 2019-2034 Operational Rail Vehicle Strategy 2019-2034
OPERATIONAL RAIL VEHICLE STRATEGY 2019-2034 OPERATIONAL RAIL VEHICLE STRATEGY 2019-2034 INTRODUCTION The Science Museum Group (SMG) through the National Railway Museum (NRM) owns the largest fleet of operating historic locomotives in the United Kingdom, so it’s essential that we have a strategy to ensure the most effective and efficient use of these vehicles. The NRM, Locomotion and Science & Industry Museum in Manchester (SIM) will continue to operate a select number of rail vehicles from our collection. Showing our collections in action is one of the most direct tools we have to share our key values with visitors: revealing wonder, igniting curiosity and sharing authentic stories. What’s more, our visitors expect a train ride. We need to meet that expectation whilst managing our collection in the most professional and responsible manner. A commercially viable and deliverable plan will see a core selection of operating vehicles at York and Locomotion within the maintenance capabilities of teams at those locations. These have been chosen for reasons of accessibility, affordability, income potential, attractiveness to visitors, practicality of operation and sustainable repair as well as the railway stories they reveal. We use our rail vehicles in various ways with priority always given for static display for our visitors at York and Shildon. Other ways in which we use them are: operation on museum sites; static loans to accredited museums; operating loans to heritage railways; main line operation. Our loans reach diverse audiences across the UK, making the national collection accessible to many. These vehicles are brand ambassadors for our mission of inspiring future engineers and scientists. -
THE CORKSCREW Newsletter of the Wimborne Railway Society
THE CORKSCREW Newsletter of the Wimborne Railway Society Founded 1975 Issue 108 December 2018 Guest locomotive No 3 was ex LMS Princess Coronation Pacific No 46233 "Duchess of Sutherland". She is seen departing Corfe Castle on Saturday 13th October, during a short spell of sunshine. In the main, weather during the Gala wasn't that brilliant. Colin Stone Visiting the SR courtesy of Ian Riley Engineering, and undoubted star of the Gala was "Black 5" No 44871. In this shot she is departing Corfe Castle with the demonstration Freight Train. Usually these freights contribute nothing to the railway's coffers, but on this occasion brake van rides were on offer at £5 per head. Hence as the time table "slipped" these "paying" services couldn't be dropped to allow a bit of catch up. Colin Stone WIMBORNE RAILWAY SOCIETY COMMITTEE. Chairman :- ...Barry Moorhouse…Vice Chairman :-...Jim Henville Secretary :- …Clive Finder... Membership:-...Martin Catford. Treasurers :- … Mike Wescombe and Bob Steedman George Russell.....Graham Bevan….Peter Watson...David Brealey The Corkscrew team......Editor..Ken Aveyard....Production..Colin Stone Download The Corkscrew from www.wimrail.org.uk Contact The Corkscrew at kenaveyardATyahoo.co.uk (replace AT with @) …...................................................................................................................... Editorial Once again we come around to the end of the year and hopefully this issue of The Corkscrew will be available at the Annual General Meeting on 6 December 2018. My thanks as always to those members who have submitted items for The Corkscrew during the year. Whether you are one of our more prolific writers or have submitted just a single article or photograph your contributions are most welcome. -
Bentley Speed Six the Ultimate in Power, Luxury and Competition Pedigree
FORD MODEL T MAZDA COSMO FORD XR6 TF R47.00 incl VAT May 2017 BENTLEY SPEED SIX THE ULTIMATE IN POWER, LUXURY AND COMPETITION PEDIGREE STYLE & SUBSTANCE COMMEMORATING ENZO RENAULT’S CARAVELLE AND R8/10 FERRARI ENZO – FRENCH FLAIR THE MAN AND THE CAR DICKON DAGGITT | BMW 2002 RESTORED | DENNIS GUSCOTT PCC_Porsche Classic_210x276.qxp_Porsche 210x275 2017/04/05 11:46 AM Page 1 www.porschecapetown.com The first Porsche built boasted exceptional everyday practicality. Nothing has changed. Porsche Centre Cape Town. As a Porsche Classic Partner, our goal is the maintenance and care of historic Porsche vehicles. With expertise on site, Porsche Centre Cape Town is dedicated to ensuring your vehicle continues to be what it has always been: 100% Porsche. Our services include: • Classic Sales • Classic Body Repair • Genuine Classic Parts • Classic Service Porsche Centre Cape Town Corner Century Avenue and Summer Greens Drive, Century City Tel: 021 555 6800 CONTENTS — CARS BIKES PEOPLE AFRICA — MAY 2017 WORK & PLAY THE ROTARY CLUB 03 Editor’s point of view 64 Mazda Cosmo turns 50 CLASSIC CALENDAR DYNAMIC BEST-SELLER 06 Upcoming events for 2017 70 A modern classic – Mazda MX-5 NEWS & EVENTS PADKOS 08 All the latest from the classic scene 72 Backseat Driver – a female perspective THE MAGIC FORMULA 18 50 years of Formula Ford racing A CLASSIC RACER 74 Bike racer and tuner Dennis Guscott CARBS & COFFEE 22 All the ingredients THE FAMOUS FELINE’S FOUNDER 78 Sir William Lyons COMMEMORATING ENZO 24 Celebrating Ferrari’s 70th THE PERFECT CLASSIC with an Enzo