Friday, July 11, 2008

$1.6 Billion Profit for French Railway Agency

Not bad at all.
Pepy, SNCF chairman and chief executive (PDG) since February, says that, unlike his predecessors who had to manage a railway recession, he is presiding over an accelerating boom. The state-owned SNCF delivered a net €1.1bn (£875m) profit last year and first-half figures, due next week, are said to be sparkling. Pepy envisages up to 80m extra passenger trips this year or an increase of around 8%.

"This change will speed up because we are facing a twin energy and environment crisis," he says, pointing to surging fuel costs and growing personal worries about carbon footprints. "People want sustainable mobility and, in France, more trains and more SNCF."
I think we need to look ourselves in the mirror and think hard about what we're in for, although the folks that need a reality check most, probably like what they already see.

H/T Americablog

1 comment:

Morgan Wick said...

When you refer to "those who need a reality check most", are you referring to oil company executives, politicians, both, or someone else? Sorry if this sounds dense.