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Tag: fares

Fares, freight rates to be rationalised: Railway Board chairman

Fares, freight rates to be rationalised: Railway Board chairman

Finance
NEW DELHI: The railways is in the process of "rationalising" its passengers and freight fares, Railway Board Chairman VK Yadav said on Thursday. He, however, refused to say if the prices will be increased. In a media briefing, Yadav said although the railways had initiated a number of measures to counter its dwindling revenues, increasing fares was a "sensitive" issue and it had to be discussed at length before a final decision was taken. "We are going to rationalise the fares and freight rates. Something is being thought about. I cannot divulge more, this is a sensitive subject. While the freight fares are already high, our target is to draw more traffic from road to railways in this regard," he said. The Indian Railway has been hit hard by the economic slowdown, with the earnings of the ...
West Coast Rail: Preston-to-Scotland rail fares to be capped

West Coast Rail: Preston-to-Scotland rail fares to be capped

Business
The UK's competition watchdog has accepted a proposal to cap rail fares on certain routes between Preston in Lancashire and Scotland.The agreement is part of a deal with FirstGroup and Trenitalia, who now run the West Coast Rail franchise.The Competition and Markets Authority (CMA) had raised concerns that train ticket prices could rise.It found that on 21 routes, passengers would have little or no option but to choose a service run by FirstGroup.After the first phase of an investigation into the new contract, the CMA discovered that on 17 routes between Preston and Scotland, passengers could only choose from West Coast Rail, operated by the joint venture between FirstGroup and Trenitalia, or from TransPennine Express, which is operated solely by FirstGro...
Rail fares to rise by 2.7% in January

Rail fares to rise by 2.7% in January

Business
Millions of commuters will have to pay an average of 2.7% more for rail tickets from 2 January. The rise, announced by industry body the Rail Delivery Group, is lower than the 3.1% increase at the start of 2019.Train companies say this is the third year in a row that average fares have been held below the benchmark inflation measure on which rises are based.But many commuters will still face an increase of more than £100 in the annual cost of getting to work.Independent watchdog Transport Focus said a majority of rail users did not feel they were getting value for money.The news comes as commuters on South Western Railway services are steeling themselves for a 27-day rail strike next month.Rail, Maritime and Transport (RMT) union members will walk out in
Rail fares set to rise again by up to 2.8%

Rail fares set to rise again by up to 2.8%

Business
Rail users in the UK will be hit by a further rise in ticket prices which will come into effect next year.The increase will be based on the Retail Prices Index (RPI) inflation measure for July of 2.8%. The figure is likely to lead to an increase of more than £100 in the annual cost of getting to work for many commuters.Passenger groups urged a change in the way ticket prices are calculated, as RPI is no longer a national statistic. The cost of most train fares are set by train companies themselves, but about 40% of fares in England, Scotland and Wales are regulated so that they are only allowed to rise by an amount pegged to the RPI rate of inflation in July the previous year.These regulated fares include annual season ti
Air India’s Alliance Air offers fares ‘lower than train’ tickets

Air India’s Alliance Air offers fares ‘lower than train’ tickets

Finance
Mumbai: Flag carrier Air India's regional arm Alliance Air on Friday announced discounted fares starting as low as Rs 990 for flights across its network under a limited period sale offer. The fares offered under the 'Independence Day sale carnival' are lower than the train fares so that train commuters can experience the luxury of flying, Alliance Air said in a statement. The seven-day sale period starts from August 3 and ends on August 9 for a travel period between August 3 and September 30, the airline said. Alliance Air currently operates 110 flights per day to 53 destinations such as Kullu, Cochin, Mysuru, Diu and Pasighat in Arunachal Pradesh besides Shimla, Kohlapur, Pantnagar, Bathinda, Ludhiana, Gwalior, Bikaner, which are operated under government's regional connectivity scheme...