All Business articles

  • Bombardier’s factory in Derby,

    Railway supply industry news round-up


    Bloomberg reported on January 21 that Bombardier and Alstom have held preliminary talks regarding a possible combination of their rail businesses, citing ‘people familiar with the matter’. Crowd flow modelling company Movement Strategies is to merge with GHD Group ...

  • Pesa Bydgoszcz has announced changes to the board.

    New CEO aims to get Pesa back on track


    POLAND: Rolling stock manufacturer Pesa is to announce a new strategy in the first quarter of this year, following the supervisory board’s decision to appoint the management board’s Vice-President of Operations Krzysztof Zdziarski as Chief Executive on January 8. Robert Tafiłowski was appointed as Chief Financial Officer. ...

  • Genset locomotive (Photo David Lustig).

    Railway supply industry news round-up


    RJ Corman Railroad Group has announced the closure of its RJ Corman Railpower Locomotives business in Erie, Pennsylvania, with effect from February 29. RJ Corman had acquired the assets of the Railpower genset locomotive business in 2009, but on January 8 this year it ...

  • cn-beijing-shanghai-hsr-ipo

    Beijing-Shanghai High Speed Railway Co IPO raises 30·7bn yuan


    CHINA: Beijing-Shanghai High Speed Railway Co Ltd made its debut on the Shanghai Stock Exchange on January 16, following one of the biggest mainland Chinese IPOs of the past decade. The sale of 6·29 billion shares, about 12·8% of the total, at 4·88 yuan per share, raised ...

  • Cubic Transportation Systems.
    Urban news

    Cubic and Moovit announce Mobility-as-a-Service co-operation


    TECHNOLOGY: Fare collection technology company Cubic Transportation Systems and travel software developer Moovit have signed a strategic agreement for further collaboration in the Mobility-as-a-Service market, including integration of Moovit’s multimodal trip planning with Cubic’s mobile payment and ticketing capabilities. This will provide a platform offering service alerts, ...

  • tr-alstom-school-mou

    Promoting railway career opportunities in Turkey


    TURKEY: A memorandum of understanding to establish a framework for the promotion of railway training and career development has been signed by Alstom Turkey and Haydarpaşa Vocational Technical Anatolian High School. To help raise students’ understanding of the rail industry and equip them with ...

  • Siemens Mobility has announced plans to create a rail research, development and innovation hub near its future assembly plant at Goole in East Yorkshire.

    Rail Accelerator & Innovation Solutions Hub for Enterprise plans announced


    UK: Siemens Mobility has announced plans to create a rail research, development and innovation hub near its future assembly plant at Goole in East Yorkshire. The £6m building on the Goole 36 enterprise zone site close to the M62 motorway is intended ...

  • Hitachi Rail has announced changes at its Newton Aycliffe plant.

    Hitachi makes changes at Newton Aycliffe factory as IEP production ends


    UK: Hitachi Rail has announced changes at its Newton Aycliffe factory which it said were intended to provide ‘greater flexibility, agility and global competitiveness’ as the production of 122 trainsets under the government’s Intercity Express Programme comes to an end. As part of the transition to ...

  • tn_in-beml-metro-train.jpg

    Railway supply industry news round-up


    Indian rolling stock and construction equipment manufacturer BEML and construction firm Ircon International have signed a memorandum of understanding to explore opportunities to co-operate in export markets. Ircon said it had a ’strong International presence and proven capabilities’ in tracklaying, electrification and infrastructure construction, including ...

  • Dallas Area Rapid Transit has awarded Stadler a $199m contract to supply eight Flirt diesel multiple-units for the $1·1bn Cotton Belt Regional Rail Project in the northern suburbs of Dallas.
    Urban news

    DART awards Stadler’s first US maintenance contract


    USA: Dallas Area Rapid Transit has awarded Stadler a $112m contract to maintain the fleet of diesel multiple-units which it is to supply for the Silver Line project, along with the associated depot. DART awarded Stadler a $199m contract to supply ...

  • Relco Locomotives

    Wabtec expands capabilities with purchase of RELCO Locomotives


    USA: Wabtec Corp has announced the expansion of its remanufacturing and repair capabilities with the acquisition of RELCO Locomotives for $29m. RELCO Locomotives is an established company in the leasing, rebuilding, and repair sector, with operations in Albia and Cedar Rapids, Iowa. It has projected sales ...

  • SkyRights Holdings is seeking to partner with Class I railways to make their alignments available for use by drone delivery companies and for ‘urban air mobility’ applications (Photo: David Lustig)
  • Alpha Trains Siemens Vectron Multisystem locomotive for TX Logistik.

    Pension investor takes stake in Alpha Trains


    EUROPE: Arcus European Infrastructure Fund 1 has sold its 41·1% stake in rolling stock leasing company Alpha Trains to Dutch investment group APG. Alpha Trains has a portfolio of 363 locomotives and 432 trainsets leased to operators in 17 countries including Germany, France, Italy, Spain and ...

  • tn_us-gwi-rcpe-locomotives_02.jpg

    Genesee & Wyoming acquisition completed


    INTERNATIONAL: The US$8·4bn acquisition of freight railway group Genesee Wyoming by affiliates of New York and Toronto listed global investor Brookfield Infrastructure and Singapore’s foreign reserves investor GIC has been completed. The US$112 per share deal had been announced in July. ‘This transaction ...

  • BDZ Desiro

    Alstom to maintain Siemens multiple-units


    BULGARIA: National operator BDZ’s passenger division has awarded Alstom a €70m five-year contract to provide full maintenance services for its fleet of Siemens Desiro multiple-units. The deal covers a total of 126 cars which entered service from 2006. These comprise 22 diesel multiple-units operating on the ...

  • tn_us-dollars_d19e3d.jpg

    Progress Rail sells maintenance equipment leasing business


    USA: Dallas-based private equity firm Paceline Equity Partners has acquired the Progress Rail Equipment Leasing Corp business from Catterpillar subsidiary Progress Rail. Terms of the transaction announced on January 2 were not disclosed. Based near Detroit and with an office in the St Louis area, ...

  • Chittaranjan Locomotive Works

    Railway supply industry news round-up


    India’s Chittaranjan Locomotive Works produced 446 locomotives during 2019, significantly ahead of its design capacity of 200 locomotives per year and representing a near-doubling of its output over the past five years. An agreement has been signed for a consortium formed ...

  • ERMEWA wagon.

    Railway supply industry news round-up


    Wagon leasing company Ermewa has restructured and refinanced its group debt through a combination of multicurrency secured bank debt and US private placement notes for a total value of circa €1·5bn. It was advised by Watson Farley Williams, which said it was a ‘complex, ...

  • Alstom Coradia Continental electric multiple-unit for Elektronetz Mittelsachsen services.

    Battery-electric multiple-unit financing agreed


    GERMANY: Mittelsachsen transport authority ZVMS has reached an agreement for an order for 11 battery multiple-units to be financed by mandated lead arranger KfW IPEX-Bank with Nord/LB and Deutsche Kreditbank. The financing package is worth €49m and has a term of 22 years. The order is ...

  • ru-sinara-skoda-tram impression
    Urban news

    Škoda and Sinara establish vehicle joint venture


    RUSSIA: Škoda Transportation and Sinara Group have signed an agreement to establish a 50:50 joint venture for the production of metro trains, trams and trolleybuses. The joint venture, branded Sinara-Škoda will be headquartered in St Petersburg. ‘Russia is a huge and promising market in which we ...