ComfortDelGro wins contracts worth $720 million to operate buses in Manchester

The Edge Singapore 03-28

The contracts come with options to be extended for two, one-year terms. ComfortDelGro has won contracts worth £422 million, or $720 million, to run public buses in the UK for five years. The contracts...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2423795111?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-28 15:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2423795111","market":"sg","top_or_hot":-1,"title":"ComfortDelGro wins contracts worth $720 million to operate buses in Manchester","media":"The Edge Singapore ","content":"<div>\n<p>The contracts come with options to be extended for two, one-year terms. ComfortDelGro has won contracts worth £422 million, or $720 million, to run public buses in the UK for five years.\nThe contracts...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/transport/comfortdelgro-wins-contracts-worth-720-million-operate-buses-manchester?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ComfortDelGro wins contracts worth $720 million to operate buses in Manchester</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nComfortDelGro wins contracts worth $720 million to operate buses in Manchester\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-28 15:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/transport/comfortdelgro-wins-contracts-worth-720-million-operate-buses-manchester?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>The Edge Singapore </strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The contracts come with options to be extended for two, one-year terms. ComfortDelGro has won contracts worth £422 million, or $720 million, to run public buses in the UK for five years.\nThe contracts...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/transport/comfortdelgro-wins-contracts-worth-720-million-operate-buses-manchester?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6519","symbol_name":"运输股","start_time":0,"source_url":"https://www.theedgesingapore.com/news/transport/comfortdelgro-wins-contracts-worth-720-million-operate-buses-manchester?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2423795111","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2423795111","pubTimestamp":1711611669,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The contracts come with options to be extended for two, one-year terms. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6519":"运输股","BK6101":"陆运","BK6136":"旅客陆运","C52.SI":"康福德高企业"},"translate_title":"ComfortDelGro赢得价值7.2亿美元的合同，在曼彻斯特运营公共汽车","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C52.SI":1},"content_text":"The contracts come with options to be extended for two, one-year terms. ComfortDelGro has won contracts worth £422 million, or $720 million, to run public buses in the UK for five years.\nThe contracts, won by its UK unit Metroline, were given by the Greater Manchester Combined Authority (GMCA).\nThe contracts come with options to be extended for two, one-year terms. \nUnder these contracts, Metroline will operate 232 different services using 420 buses and over 1,350 employees, which adds twice as many services and a 30% increase over its London portfolio.\n\"We are honoured to be a partner in Greater Manchester’s transportation story and look forward to other new bus franchise opportunities in the Northwest and across the UK in the future,\" says managing director and group CEO Cheng Siak Kian.\n\"This aligns with our broader strategy to strengthen and strategically grow our core public transportation and point-to-point businesses and solidify our reputation as the multi-modal transport operator of choice,\" says the company's chairman Mark Greaves.\nComfortDelGro's UK unit, Metroline, is the fourth largest scheduled bus operator in London and operates about 17% of the city's scheduled bus services. \nMetroline is part of ComfortDelGro C52’s wider operations in the UK, which include Argyle Satellite, Adventure Travel, CityFleet Networks, Computer Cab, KingKabs, Scottish Citylink Coaches, Megabus and Westbus Coach Services. \nThese companies operate in 23 different towns and cities, offering different kinds of transport services via buses, coaches, taxis, and private hire vehicles.\nPost-pandemic, ComfortDelGro is steadily expanding its overseas presence.\nEarlier this year, it bought UK-based CMAC Group, a leading ground transport management and accommodation network specialist.\nIt is active in Australia too, with the recent completion of A2B Australia.\nComfortDelGro shares closed at $1.40 on March 28, down 0.71% for the day.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2423795111"}