Tracsis PLC - Leeds-based traffic data & transportation services firm - Says it welcomes the "long-awaited" Williams-Shapps plan for rail in the UK. The report provides strategic direction for the UK rail industry and is aiming to deliver a "modern, improved experience for passenger and freight customers", under a new public body called Great British Railways. The organisation will replace Network Rail as the operator of rail infrastructure.
Chief Executive Chris Barnes comments: "Tracsis has a long-established reputation as a fast-to-market innovator of products that make a fundamental difference to the performance and safety of the rail industry. We are therefore looking forward to working in partnership with Great British Railways and passenger and freight operators to help the industry deliver its strategic vision for the future".
Current stock price: 859.00 pence, up 6.1% on Friday
Year-to-date change: up 34%
By Will Paige; willpaige@alliancenews.com
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Tracsis (TRCS)