All Business articles

  • RegioJet train
    News

    ALLRAIL calls for action to save new passenger train operators

    2020-04-09T14:54:00Z

    EUROPE: The coronavirus pandemic is ‘annihilating’ the business cases of many independent passenger operators, and without urgent action the first bankruptcies could be seen this month, the ALLRAIL association of new entrants to the rail market has warned. On April 9 ALLRAIL said the ‘understandable’ decision ...

  • The Greenbrier Companies
    News

    Two goals for Greenbrier in the Covid-19 crisis

    2020-04-09T11:26:00Z

    GREENBRIER: Wagon manufacturer The Greenbrier Companies has two primary goals during the coronavirus pandemic, Chairman CEO William A Furman said when presenting its Q2 results on April 7. These are ‘protecting the safety and health of employees and preserving the economic well-being of our enterprise ...

  • ZTR and security software company BlackBerry have launched a remote wagon monitoring system designed to provide operators with greater insights into the fleets.
    News

    ZTR and BlackBerry partner to launch rail asset monitoring platform

    2020-04-08T06:00:00Z

    MONITORING: Locomotive modernisation technology specialist ZTR and security software company BlackBerry have launched a remote wagon monitoring system designed to provide operators with greater insights into the fleets. Monitoring devices offer a long battery life in the rough railway environment, while the online dashboard provides location, ...

  • Wheelset and wagon component repair and maintenance company Vítkovické Železniční Opravny has recorded earnings just under KC120m in its first year of operation.
    News

    Wagon repair company reports successful first year

    2020-04-07T06:00:00Z

    CZECH REPUBLIC: Wheelset and wagon component repair and maintenance company Vítkovické Železniční Opravny has recorded earnings just under KC120m in its first year of operation. VŽO is part of the CE Industries group owned by Jaroslav Strnad, and has invested in developing ...

  • Knorr-Bremse
    News

    Railway supply industry news round-up

    2020-04-03T06:00:00Z

    Knorr-Bremse suspended its guidance for the 2020 financial year on March 27, saying the effects of the Covid-19 crisis had rendered numerous assumptions obsolete. It said a rapid recovery in China, where Knorr-Bremse’s plants have resumed 97% of their operations, showed that with appropriate measures delivery ...

  • Railway from Gorgan to Incheh Borun on Iran's border with Turkmenistan.
    News

    Russian Railways pulls out of Iranian infrastructure work

    2020-04-02T15:10:00Z

    IRAN: Russian Railways confirmed on April 2 that it had ceased work on infrastructure projects in Iran, and was to close its Tehran office. As part of this, its overseas engineering business RZD International has ceased work to electrify and increase capacity on the 495 km ...

  • tn de-db-ice3-frankfurt
    News

    Railway supply industry news round-up

    2020-03-27T06:00:00Z

    Stucki Roller Bearing has opened a plant in Lincoln, Nebraska, to meet growing demand for reconditioned bearings for locomotive, wagon and passenger transport applications. SRB’s second facility has nearly 40% more space than its primary location in Elizabethtown, Kentucky. ‘In addition to adding space to support ...

  • Train
    Rail Business UK

    Tracsis acquires ticketing software specialist iBlocks

    2020-03-24T06:00:00Z

    UK: Transport software company Tracsis plc has acquired a smart ticketing, back office and automated delay repay specialist iBlocks. Tracsis said the acquisition would support its objective of strengthening its rail product portfolio in areas where it can offer a unique market proposition. The company would ...

  • Dr Josef Theurer, founder and long-standing CEO of track maintenance machine manufacturer Plasser & Theurer, died on March 19 at the age of 91.
    News

    Dr Josef Theurer

    2020-03-20T15:31:00Z

    AUSTRIA: Dr Josef Theurer, founder and long-standing CEO of track maintenance machine manufacturer Plasser Theurer, died on March 19 at the age of 91. Dr Theurer established Plasser Theurer with Franz Plasser in 1953 and built up the business over the following ...

  • in-clw final
    News

    Railway supply industry news round-up

    2020-03-20T06:00:00Z

    India’s Chittaranjan Locomotive Works has announced the roll out of the 2 500th three-phase passenger locomotive since production began in 1997. Formerly First Deputy Director-General of Russian Railways responsible for international affairs, Alexander Misharin became Chairman of the board of Sinara ...

  • kz Transmashholding shows rolling stock in Nur-Sultan
    News

    TMH displays rolling stock range to Kazakh operators

    2020-03-16T10:00:00Z

    KAZAKHSTAN: Russian manufacturing group Transmashholding displayed examples of its passenger rolling stock at the Tulpar factory in Nur-Sultan on March 10. Guests included senior management from national railway KTZ, its passenger division, private operators and national technical organisations. On show were modern designs of single ...

  • Goldschmidt has combined all of its companies worldwide under the Goldschmidt brand
    News

    Railway supply industry news round-up

    2020-03-13T06:00:00Z

    Rail welding and infrastructure inspection group Goldschmidt has combined all of its companies worldwide under the Goldschmidt brand. ‘From Shanghai to New York and from Sydney to Stockholm, the Goldschmidt brand is uniquely valued for its innovation and quality’, said CEO Dr Hans-Jürgen Mundinger. ‘We ...

  • The Durmientes de Uruguay joint venture of Italian company WEGH Group and Diorama has been awarded a €35m contract to supply concrete sleepers to the Vía Central consortium which is undertaking the Ferrocarril Central route modernisation.
    News

    Ferrocarril Central concrete sleeper contract

    2020-03-12T06:00:00Z

    URUGUAY: The Durmientes de Uruguay joint venture of Italian company WEGH Group and Diorama has been awarded a €35m contract to supply concrete sleepers to the Vía Central consortium which is undertaking the Ferrocarril Central route modernisation. The 1 435 mm gauge monoblock prestressed concrete sleepers ...

  • Real-time personalised customer communication technology developer Zipabout is now targeting European and non-rail markets
    Rail Business UK

    Zipabout targets European growth with passenger information platform

    2020-03-10T06:00:00Z

    UK: Real-time personalised customer communication technology developer Zipabout is now targeting European and non-rail markets with its Passenger Connect platform, having completed a £1·35m funding round and appointed Crispin Humm as Chief Business Development Officer. Currently used by National Rail Enquiries, LNER and ScotRail, Passenger ...

  • British Steel's Scunthorpe site.
    News

    Jingye completes acquisition of British Steel assets in the UK and Netherlands

    2020-03-09T17:16:00Z

    EUROPE: Chinese steelmaker Jingye Group completed the purchase of British Steel’s UK and Netherlands assets from the Official Receiver on March 9. This includes the steelworks at Scunthorpe, Teesside Beam Mill and Skinningrove mill, as well as subsidiary businesses FN Steel in the Netherlands and TSP ...

  • Indian Railways
    News

    RITES flotation oversubscribed

    2020-03-09T10:35:00Z

    INDIA: The government’s plans to divest a further stake in railway consultancy RITES attracted mixed interest, with the initial offer being oversubscribed by 132% but retail interest failing to meet expectations. The Finance Ministry had announced its intention to reduce its holdings in various state-owned companies, ...

  • Vesconite Rail has appointed Lebogang Machethe, Ronnie Mugisha and Graham Wiggill to develop its sales of niche polymer products in the global rail industry.
    News

    Railway supply industry news round-up

    2020-03-06T06:00:00Z

    Škoda Vagonka has launched a KC1bn project to double the size of its Ostrava factory, adding a new paint shop and modern production facilities. ‘Under new owner PPF Group we are really successful’, said Petr Brzezina, Chairman of the board and President of Škoda Transportation Group. ...

  • Tüdemsaş articulated container wagon.
    News

    Turkish locomotive and rolling stock builders to merge

    2020-03-05T16:12:00Z

    TURKEY: Three state-owned locomotive and rolling stock manufacturers are to be removed from the control of national railway TCDD and merged into a single new entity called Türasaş. The merger, announced in the country’s official gazette on March 4, will see locomotive manufacturer Tülomsaş, wagon builder ...

  • carborail-loco
    News

    VTG acquires majority stake in Carbo Rail

    2020-03-03T06:00:00Z

    SLOVAKIA: VTG Rail Logistics has strengthened its presence in central Europe with the signing of a deal to acquire a majority stake in Carbo Rail, subject to regulatory approval. VTG Rail Logistics will take responsibility for the operational management and strategic development of Bratislava-based Carbo Rail, ...

  • RM Rail’s VKM Steel plant has been equipped with a 16 tonne capacity electric arc steelmaking furnace supplied by Thermomelt
    News

    Railway supply industry news round-up

    2020-02-28T06:00:00Z

    Russian wagon manufacturer RM Rail ’s VKM Steel plant has been equipped with a 16 tonne capacity electric arc steelmaking furnace supplied by Thermomelt of Italy, and a shot blasting chamber from Slovenian company STEM. Modernisation of the foundry forms part of RM Rail’s strategy to development ...