The Anonymous Widower

Trenitalia To Buy c2c

There are several several articles like this one in Railway Gazette, which is entitled Trenitalia buys c2c to enter UK rail market.

So what will it mean?

Ultimate Ownership

The ultimate ownership of a train operating company seems to have very little difference to the  quality of trains and customer service.

I will look at  a recent journey I made from Leipzig to Brussels on Deutche Bahn, that I wrote about in Deutsche Bahn’s Idea Of Customer Service.

It was not a good journey and in the post, I say that eutche Bahn is nowhere as good as Chiltern.

And who owns Chiltern? – Deutsche Bahn.

So I suspect we’ll see very few changes on c2c because of the change of ownership, with perhaps the following provisos.

When successful companies are taken over, the Senior Management Team often depart to pastures or in this case railways, new.

The article also says this.

Mick Cash, General Secretary of pro-nationalisation trade union RMT, was less enthusiastic about the announcement. ‘This is yet another part of Britain’s rail operations being sold off to a European state-owned outfit’, he said. ‘This time it is Trenitalia, an Italian operator, that is being given an open door to plunder passengers and the public purse to subsidise rail services in their own country.’

Looking at the mess, that the RMT and its fellow travellers have got Southern into, this could be omnious.

The Future For c2c’s Services

Look at the route map of most rail franchises and a twelve-year-old with a pencil could suggest obvious places where the network could be expanded.

But there are few places , where c2c could expand.

  • Reinstate the Tilbury Riverside Branch.
  • Direct access to Crossrail at Stratford.
  • A Canvey Island Branch

So much of the growth will come from more frequent and faster services to existing destinations, more and better trains and improvements to stations.

There must be scope for Automatic Train Operation (ATO) at the London end of the route to improve capacity and reduce journey times.

Conclusion

I had to scrape together a scenario for the future and it leads me to the conclusion that c2c is virtually fully developed. So have National Express decided to sell c2c, as it is a mature asset, that is worth more to xomebody else. Especially, a new entrant to the UK rail market, who wants to know how to run a UK train franchise.

In some ways it’s a bit like a bank selling on a long-term loan to a blue-chip company, to another back.

 

January 12, 2017 Posted by | Finance, Transport | , , | Leave a comment