All Business articles – Page 10
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NewsMSSL acquires Bombardier UK rolling stock component business
UK: Indian automotive and transport component supplier Motherson Sumi Systems Ltd's PKC Group announced on February 28 that it had signed a definitive agreement to acquire Bombardier Transportation’s UK rolling stock electrical component and system production and installation activities. This includes the manufacturing of wiring harnesses, panels and cabinets and ...
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TÜV Süd acquires SNC-Lavalin’s instrumented wheelset technology
EUROPE: TÜV Süd announced the acquisition of SNC-Lavalin’s IWT4 instrumented wheelset technology business on February 27, saying this would strengthen its position as a one-stop-shop for the independent assessment, testing and approval of rolling stock. The IWT4 instrumentation is applied to the wheelset without any structural modification, ensuring structural integrity ...
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Station retail management business to be sold
ITALY: FS Group has selected Altarea Cogedim as the winning bidder for its Centostazioni Retail business, which manages commercial and advertising activities at Milano Porta Garibaldi, Torino Porta Susa, Padova, Roma Ostiense and Napoli Afragola stations. This includes more than 18 000 m 2 of retail space at stations ...
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Wabtec and GE Transportation complete merger
USA: The merger of Wabtec Corp and GE Transportation was completed on February 25, with Wabtec President & CEO Raymond T Betler describing the transaction as a ‘once-in-a-lifetime opportunity to bring together nearly four centuries of collective experience to create a technologically advanced leader with a highly complementary set of ...
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21st Rail Business Awards celebrate the hard work behind the headlines
UK: Almost 700 senior representatives from across the rail sector, from operators to suppliers and consultants, packed the Hilton Park Lane Hotel in London on February 21 for the 21st Rail Business Awards. After what had been a difficult year for the UK’s railways, it was a chance to ...
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Railway supply industry news round-up
Founder of Angel Trains International and former CEO of RATP Dev’s UK and South African operations Tim Jackson has joined Centrus, which is planning to expand its UK rail financing activities into the Continental European market. Centrus European Rail Management aims to offer operators, manufacturers and transport authorities access to ...
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Thameslink fleet stake to be sold
UK: A consortium of Dalmore Capital and Equitix Investment Management has signed agreements to acquire 3i Infrastructure’s one-third stake in Cross London Trains Holdco 2 Ltd. This was established by 3i, Innisfree and Siemens in 2011 to finance, own and maintain the fleet of 115 Desiro City Class 700 EMUs ...
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Railway supply industry news round-up
Lenord + Bauer and STMicroelectronics are working to develop a demonstrator neuronal network for assessing bearing vibration data onboard a vehicle, reducing the amount of data which needs to be transmitted to a central monitoring system. Powerlines Group has opened a Belgian business with offices in Oostende, and ...
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Trimble technology to support Norwegian fleet management
NORWAY: State-owned rolling stock leasing organisation Norske Tog is to deploy Trimble’s E2M engineering asset and maintenance management system on the fleet of vehicles it is to lease to operating contractors. This is intended to provide the vehicle owner and the operators with an overview of the key data needed ...
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New leadership at Bombardier Transportation
BOMBARDIER: Danny Di Perna has been appointed President of Bombardier Transportation, Bombardier Inc announced on February 7, after Laurent Troger stepped down as to ‘pursue opportunities outside the company’. Di Perna joined Bombardier in 2018, and most recently led the Aerostructures & Engineering Services segment. He is succeeded in this ...
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Railway supply industry news round-up
Hitachi Rail has announced the promotion of Group CEO Alistair Dormer to a new role within Hitachi Ltd with effect from April 1, and the appointment of Ansaldo STS CEO Andrew Barr as his successor. Dormer will be based in Tokyo and oversee Hitachi Ltd’s Mobility Domain businesses, including ...
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Siemens Alstom merger blocked by European Commission
INTERNATIONAL: The European Commission has blocked the proposed merger of Siemens Mobility and Alstom, saying the companies had not offered sufficient remedies to address its concerns about the impact on competition in the signalling and very high speed train markets. ‘Siemens and Alstom are both champions in the rail industry’, ...
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InnoTrans 2020 already 80% booked
INNOTRANS: Approximately 80% of the floor space at InnoTrans 2020 has already been booked, more than 18 months before the event takes place on September 22 to 25 2020. ‘In 2020 InnoTrans will once again be the hub for every aspect of mobility, in the form of buses, railways and ...
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Specialisation drives growth at United Wagon Co
RUSSIA: United Wagon Co produced a total of 19 700 wagons in 2018, a 3% increase on the previous year. A similar volume is expected in 2019, with growth continuing to be driven by an increase in the production of specialised vehicles. Hopper wagon production was up 108% year-on-year to ...
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Maritime Transport to operate East Midlands freight interchange
UK: Maritime Transport has signed a 25-year lease to operate the Strategic Rail Freight Interchange which SEGRO is developing at its East Midlands Gateway logistics park in Castle Donington. The 9 ha terminal to be completed this year will be capable of handling 16 trains/day up to 775 m long, ...
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Little change in Indian railway results
INDIA: With parliamentary elections due to be held in around three months, the national budget presented on February 1 offered little prospect of significant steps being taken to address the structural deficiencies afflicting the national railway, reports Raghu Dayal . Presented by Railways Minister Piyush Goyal in the absence ...
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Linfox acquires Aurizon’s Queensland Intermodal business
AUSTRALIA: Aurizon completed the sale of its Queensland Intermodal business to logistics group Linfox on January 31, with the first train under the new management leaving Brisbane for Mackay on February 1. ‘The acquisition is the culmination of two decades of effort by Linfox to expand its rail network in ...
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Railway supply industry news round-up
The Economic Partnership Agreement between the EU and Japan entered into force on February 1, removing a number of non-tariff barriers and obstacles to procurement in the rail sector. Liebherr, Pinghu Municipal Government and the Pinghu Economic & Technological Development Zone signed an agreement on January 29 which ...
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Norfolk Southern announces improved financial performance
USA: ‘Norfolk Southern’s financial results in 2018 clearly demonstrate improved financial performance and our commitment to delivering shareholder value’, said NS Chairman, President & CEO James A Squires when presenting the railway’s annual results on January 24. s ‘Our confidence to deliver improved value to our shareholders – as underscored ...
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'Record by almost every measure' in Canadian Pacific's 'watershed' year
CANADA: ‘2018 was a record by almost every measure and will be remembered as a watershed year for our company’, said Canadian Pacific Railway Ltd President & CEO Keith Creel when presenting the operator’s results for the 2018 calendar year on January 23. ‘Our record operating results are proof that ...
