All Business articles

  • Bombardier’s factory in Derby,
    News

    Railway supply industry news round-up

    2020-01-24T06:00:00Z

    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.
    News

    New CEO aims to get Pesa back on track

    2020-01-22T12:00:00Z

    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).
    News

    Railway supply industry news round-up

    2020-01-17T07:00:00Z

    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
    News

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

    2020-01-16T12:46:00Z

    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

    2020-01-15T06:00:00Z

    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
    News

    Promoting railway career opportunities in Turkey

    2020-01-13T09:00:00Z

    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.
    News

    Rail Accelerator & Innovation Solutions Hub for Enterprise plans announced

    2020-01-10T11:17:00Z

    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.
    News

    Hitachi makes changes at Newton Aycliffe factory as IEP production ends

    2020-01-10T11:16:00Z

    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
    News

    Railway supply industry news round-up

    2020-01-10T06:00:00Z

    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

    2020-01-09T13:59:00Z

    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
    News

    Wabtec expands capabilities with purchase of RELCO Locomotives

    2020-01-08T17:24:00Z

    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.
    News

    Pension investor takes stake in Alpha Trains

    2020-01-07T06:00:00Z

    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
    News

    Genesee & Wyoming acquisition completed

    2020-01-06T14:21:00Z

    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
    News

    Alstom to maintain Siemens multiple-units

    2020-01-04T07:00:00Z

    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
    News

    Progress Rail sells maintenance equipment leasing business

    2020-01-03T11:39:00Z

    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
    News

    Railway supply industry news round-up

    2020-01-03T07:00:00Z

    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.
    News

    Railway supply industry news round-up

    2019-12-20T06:00:00Z

    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.
    News

    Battery-electric multiple-unit financing agreed

    2019-12-19T11:00:00Z

    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

    2019-12-18T06:00:00Z

    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 ...