• ITVI.USA
    13,714.340
    -40.170
    -0.3%
  • OTRI.USA
    21.930
    0.010
    0%
  • OTVI.USA
    13,686.380
    -35.040
    -0.3%
  • TLT.USA
    2.840
    0.000
    0%
  • TSTOPVRPM.LAXDAL
    2.280
    -0.210
    -8.4%
  • TSTOPVRPM.PHLCHI
    1.900
    -0.070
    -3.6%
  • TSTOPVRPM.LAXSEA
    2.720
    -0.270
    -9%
  • TSTOPVRPM.ATLPHL
    2.480
    -0.170
    -6.4%
  • TSTOPVRPM.CHIATL
    3.070
    -0.210
    -6.4%
  • TSTOPVRPM.DALLAX
    1.370
    -0.090
    -6.2%
  • WAIT.USA
    127.000
    0.000
    0%
  • ITVI.USA
    13,714.340
    -40.170
    -0.3%
  • OTRI.USA
    21.930
    0.010
    0%
  • OTVI.USA
    13,686.380
    -35.040
    -0.3%
  • TLT.USA
    2.840
    0.000
    0%
  • TSTOPVRPM.LAXDAL
    2.280
    -0.210
    -8.4%
  • TSTOPVRPM.PHLCHI
    1.900
    -0.070
    -3.6%
  • TSTOPVRPM.LAXSEA
    2.720
    -0.270
    -9%
  • TSTOPVRPM.ATLPHL
    2.480
    -0.170
    -6.4%
  • TSTOPVRPM.CHIATL
    3.070
    -0.210
    -6.4%
  • TSTOPVRPM.DALLAX
    1.370
    -0.090
    -6.2%
  • WAIT.USA
    127.000
    0.000
    0%
American Shipper

Europe looks into Austrian rail money

The European Commission is taking Austria to court due to mismanagement of public rail funds.

   The European Commission is taking Austria to court due to mismanagement of public rail funds.
   The commission alleges that Austria hasn’t properly accounted for public funds intended for the rail sector; since it is unaccounted for, this money, which is intended to support passenger rail services, could possibly be used for other transport services. The improper recording of public funds is a violation of financial transparency laws.
   “This could distort competition, potentially giving an unfair competitive advantage to those receiving the public subsidies,” according to a commission press release. “Such a situation would be contrary to existing EU rules, which aim at establishing an efficient, non-distorted and competitive EU internal market for rail.”