Arriva: No bus price war with Mersey rival.Byline: BY SOPHIE FREEMAN MERSEYSIDE bus operator Arriva said yesterday that it has no intention of starting a "price war" with rival bus group Stagecoach stagecoach, heavy, closed vehicle on wheels, usually drawn by horses, formerly used to transport passengers and goods overland. Throughout the Middle Ages and until about the end of the 18th cent. . Arriva, which runs more than 60% of Merseyside's buses and is the biggest operator of London's double-decker red buses, improved its UK bus operating profits by pounds 1m to pounds 30m, despite a pounds 3m hike in fuel costs. Publishing trading results for the six months to the end of June, Arriva said cost controls and improved revenues - including fare rises - had helped boost profits. However, strong growth in Europe was offset by the loss of the Northern England Northern England, The North or North of England is a rather ill-defined term, with no universally accepted definition. Its extent may be subject to personal opinion and many companies or organisations have differing definitions as to what it constitutes. rail franchise in December which Merseyrail operator Serco took over. On Merseyside, Arriva is currently in competition with Stagecoach, which cut bus fares and promised significant investment when it bought bus operator Glenvale earlier this summer. Arriva said yesterday that it has no plans to respond by cutting its own fares, despite the fact it operates services along many of the same routes run by Stagecoach. Bob Hind hind 1. emanating from or pertaining to hindlimb. 2. adult female deer, especially red and other large species. blue hind a hind which has not borne young. , managing director of Arriva North West and Wales Arriva North West & Wales is a division of Arriva that operates bus services around North West England and Wales. It was made up from several previous bus operators including the North Western Road Car Company (in Merseyside, Cheshire and Lancashire), most of MTL North (formerly , added: "We are not aware of any "price wars" and are confident that our existing multi-journey day and weekly tickets offer excellent value for money for regular bus users." Arriva buses clock up 35m miles on Merseyside every year. In February, Mr Hind pledged to invest pounds 45m on 400 new buses for Merseyside - pounds 20m towards a new fleet of low-floor buses for Liverpool by 2008 and a further pounds 25m for new buses covering the rest of Merseyside by 2011. The investment is on top of pounds 40m spent by Arriva on its Merseyside operation in the five years since buying former Merseyside bus operator MTL MTL In currencies, this is the abbreviation for the Maltese Lira. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . But Mr Hind added that he wanted local councils to create more bus lanes to ensure speedy access for public transport to persuade more commuters to leave their cars at home. Arriva's performance in the UK was accompanied by continued strong growth in mainland Europe, where operating profits rose 44% and enabled the group to keep overall half-year profits close to the level of last year. Nevertheless, the figure was slightly lower, down to pounds 57.6m from pounds 58.8m in 2004 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion