Smash hit

Your next trip may be powered by weeds

Airlines have high hopes for a new range of biofuels after the success of the first passenger flight powered by a shrub

Paris and Madrid sign high-speed rail deal

Service on the line is expected to start in 2012 and make travelling to Spain by rail a day trip for Londoners

National Express sees off investor revolt

Train and bus operator secures backing for £360 million rescue rights issue, despite opposition from main shareholder

When rocking the boat is the best course

The opposition bandwagon broke down on the way to the National Express rights issue issue vote

Big shot of the week: John Devaney, National Express

The National Express chairman believes the shareholder vote to go ahead with its rights issue was a foregone conclusion

Rail offers London to Madrid in eight hours

Spain and France are preparing for a new train service between their capitals, but there may be construction delays

National Express thwarts rebels in vote

Investors in the transport group vote overwhelmingly in favour of a rights issue to raise £350m to pay down debt

National Express to hold rail franchise until 2011

Lord Adonis announced the company’s East Anglia franchise would end in 2011, but ruled out a three-year extension

Network Rail chief defends ‘sensible’ hedging

A £326m hedging charge on its colossal debt and a new regulatory regime hit the transport group’s first-half profits

Track renewal cuts hit Jarvis profits

The railway maintenance contractor lost £3.6m, as turnover in its principal track maintenance division collapsed

Network Rail unveils 80% slide in profits

Railway infrastructure operator blames fall in earnings on regulatory cap on its rate of return from assets

National Express loses remaining rail franchise

Department for Transport to take control of the East Anglian service, leaving the transport group as a bus business