Tracsis shares jump after entry to rail freight planning market

AIM-listed technology group Tracsis has signed an agreement with a UK rail freight operator to supply a customised version of its TrainTRACS crew scheduling software.

AIM-listed technology group Tracsis has signed an agreement with a UK rail freight operator to supply a customised version of its TrainTRACS crew scheduling software.

The contract is for the provision of software, support and additional development work and will run for three years with annual reviews.

The transaction marks Tracsis' entry into the rail freight market.

John McArthur, Chief Executive Officer of Tracsis, commented: "This contract is a significant milestone for Tracsis and demonstrates our long held belief that our planning software is applicable to other transport verticals.

"The rail freight market holds a great opportunity for the group both in the UK and overseas and is a sector that is not burdened by the current hiatus relating to passenger franchising. We are confident this will be the first of a number of sales to freight operators, and hope to develop other complementary products to these customers in the fullness of time."

Tracsis' share price was up 2.27% to 158p at 09:15 on Friday.

MF

Recommended

Persimmon yields 12.3%, but can you trust the company to deliver?
Share tips

Persimmon yields 12.3%, but can you trust the company to deliver?

With a dividend yield of 12.3%, Persimmon looks like a highly attractive prospect for income investors. But that sort of yield can also indicate compa…
1 Jul 2022
Don’t try to time the bottom – start buying good companies now
Investment strategy

Don’t try to time the bottom – start buying good companies now

Markets are having a rough time, so you may be tempted to wait to try to call the bottom and pick up some bargains. But that would be a mistake, says …
1 Jul 2022
Share tips of the week – 1 July
Share tips

Share tips of the week – 1 July

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
1 Jul 2022
Bunzl: boring is good for business
Share tips

Bunzl: boring is good for business

Food-service distribution company Bunzl is not a terribly exciting business, but it looks cheap and could be a great investment, says Rupert Hargreave…
30 Jun 2022

Most Popular

Five dividend stocks to beat inflation
Share tips

Five dividend stocks to beat inflation

During periods of high inflation, dividend stocks tend to do better than the wider market. Here, Rupert Hargreaves pick five dividend stocks for incom…
30 Jun 2022
Don’t try to time the bottom – start buying good companies now
Investment strategy

Don’t try to time the bottom – start buying good companies now

Markets are having a rough time, so you may be tempted to wait to try to call the bottom and pick up some bargains. But that would be a mistake, says …
1 Jul 2022
UK house prices are definitely cooling off – but are they heading for a fall?
House prices

UK house prices are definitely cooling off – but are they heading for a fall?

UK house prices hit a fresh high in June, but as interest rates start to rise, the market is cooling John Stepek assesses just how much of an effect h…
30 Jun 2022