European rail companies lost a staggering €26 billion in 2020 as the COVID-19 epidemic took a heavy toll on passenger and freight revenues across the continent, boding ill for 2021, designated to be the 'European year of rail'.
France’s state-owned rail company has suffered losses of €2 billion because of the coronavirus outbreak and may need government aid in order to stave off job cuts. An already-agreed bailout for the aviation industry could end up boosting demand.
The French government continues to defend its pension reform proposal initially recommended by the European executive. Although it has since been watered down, its divisiveness has led to the paralysis of the transport system for almost a month. EURACTIV France reports.
Travellers grappled with another crippling wave of transport strikes in France on Sunday (8 April), as train workers protested President Emmanuel Macron's economic reforms and a stand-off between the government and rail unions hardened.
Those campaigning against the European Parliament's seat in Strasbourg were dealt a major blow on Tuesday (8 July) when France’s national railway company, SNCF, announced a new direct TGV route between Brussels and Strasbourg. EURACTIV France reports.