Date: Friday 18 Jun 2010
The new coalition government’s plans for a consultation exercise on rail franchising policy will delay revenue at Tracsis, a provider and consultancy services to the rail industry.
Tracsis stressed the business is trading profitably and results have been in line with expectations, but thought it prudent to publicise likely delays to re-tendering for both the Essex Thameside and Greater Anglia franchises.
The Department for Transport today announced the consultation prior to further franchises being re-let, which Tracsis says will likely move revenue connected to the franchises from June - August 2010 into 2011.
“The board is keen to stress that they believe this is purely a timing issue and that there is no material reduction to trading activity in the mid term,” read a statement. “To minimise the impact of these delays the group has re-directed resources away from franchise bidding and onto further roll-out of software and associated services with our TOC (Train Operating Companies) customers.”
On a brighter note, the group has also announced a further contract win with a major UK train operator for its recently released TRACSRoster optimisation suite.
The three-year deal is worth over £150,000 and “should pave the way for broader industry acceptance”.
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