Bids can begin for the East Coast mainline after the Government invited private companies to takeover the running of the service within the next two years.
Virgin Trains had already registered their interest within hours of the announcement - and more companies are set to follow.
The line was nationalised in 2009 when National Express struggled to meet their costs, but the Government now say that it is in the interest of passengers for it to be handed back to a private company.
However, unions believe that the move would waste millions of pounds.
You can watch the full report from Dan Ashby below.
More top news
Police have seized 539 units of alcohol from drinkers as young as 15 in a bid to crack down on underage bingeing.
"Big Sam" was spotted letting his hair down in the seaside resort weeks after securing Premier League survival for Sunderland.
A look ahead at the Bank Holiday forecast for the Tyne Tees region.