Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Business

New London to Sheffield train service planned for 2025

The Yorkshire city of Sheffield is to get a new competitor rail service to London, promising faster travel times than the existing trains.

FirstGroup, the listed passenger transport company, has submitted plans to launch a so-called open access service between Sheffield and London King’s Cross from 2025.

Open access rail services are those in which operators run their own private operations independent of government contracts directed by the Department for Transport. Such operations bear all the risk of the service but also stand to reap all the financial rewards.

FirstGroup currently runs such open access services between King’s Cross and Edinburgh, on its discount fare ­Lumo operation, and on services to Hull. Both operate on the east coast main line, a part of the network otherwise almost exclusively used by LNER, the renationalised train company.

LNER does not operate a direct ­service to Sheffield, with passengers having to change at Doncaster.

What is intriguing about the FirstGroup direct service proposition is that it will effectively compete with the ­services between Sheffield and London St Pancras operated by East Midlands Trains on the separate Midland main line network via Leicester and Derby.

FirstGroup’s proposals to the Office of Rail and Road suggest an initial two return journeys a day between King’s Cross and Sheffield calling at Retford, Worksop and Woodhouse, and one that will be faster than the two-hour East Midland Trains service.

It says its service is needed because the current arrangements are not working. “Almost three quarters of trips between London and Sheffield are ­currently made by car with a further 9 per cent of trips made by coach,” FirstGroup said. “A competitively priced new rail offering will help ­stimulate a shift from road to rail.”

FirstGroup says its service would be the first regular service between King’s Cross and Sheffield since 1968 and would also give the Nottinghamshire town of Worksop its first regular direct London trains in decades.

Open access is not a new concept but its take-up has been sporadic. In ­addition to First’s existing operations, Grand Central, part of the Arriva group, also runs trains on the east coast main line between London and York and Sunderland.

Read more:
New London to Sheffield train service planned for 2025

    You May Also Like

    Stocks

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Politics

    On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...

    Dislaimer: pinnacleofinvestment.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 metaversecapitalists.com | All Rights Reserved