Midland transport giant National Express has revealed a rise in revenues after an improvement in its UK bus business.
Digbeth-based National Express said its UK bus division remained strong, growing four per cent year-on-year, in the three months to March 31.
The group, which has recently revealed plans to employ 1,000 more people in the next two years, said passenger volumes were stable on the buses and student travel cards were on the rise.
A total of 160 new buses are being added in the first six months of 2012, with funding for a further 31 hybrid vehicles recently secured from government.
In the coach division, the company has been dealing with the lower profit caused by the loss of £15 million of annual concession revenue, withdrawn by the Government in November 2011, the progress of which has been slower than expected. Total concessionary revenue was down £2.8 million year-on-year, a reduction of 40 per cent.
The firm’s UK rail operating saw revenue rise and punctuality performances improve.
Group chief executive Dean Finch said: “We aim to offer customers reliable, well run services at exceptional value prices. This strategy, supported by fleet investment, strong cost control and continuously improving our network of services, is enabling us to deliver good revenue growth across the business, win additional contracts and expand into new markets.”
The group saw revenues rise at its Spanish arm by five per cent year-on-year, and school bus revenue in North America rose six per cent.