All Business articles – Page 10
-
NewsGamuda buys into Australian rail market
AUSTRALIA: Malaysian civil engineering group Gamuda Bhd has agreed to purchase a 50% stake in Australian contractor Martinus Rail Pty Ltd, citing potential opportunities in the country’s pipeline of current and future railway projects. Under the partnership agreement announced on October 2, Gamuda Engineering Australia and ...
-
News
InnoTrans 2020 exhibition space booked up
INNOTRANS: Floor space at the InnoTrans 2020 trade fair is now booked up, a year before the 13th InnoTrans event opens its doors on September 22 2020. The world’s largest rail industry event will have five themed ‘segments’, focusing on Railway Technology, Railway Infrastructure, ...
-
News
Railway supply industry news round-up
On October 1 Plasser Theurer established Track Machines Connected GmbH . This business unit supersedes P T Connected, which was set up in 2017 to launch Plasser’s ‘big data’ activity. TMC will offer services for collection and processing of rail infrastructure data. Czech ...
-
News
Bombardier and Leclanché sign battery traction MoU
A prototype Talent 3 EMU equipped for battery operation was unveiled at Bombardier’s Hennigsdorf plant in September 2018. INTERNATIONAL: Bombardier Transportation announced on October 2 that it has signed a memorandum of understanding with Leclanché SA which would see the Swiss company become its preferred global ...
-
News
Cat litter by rail
USA: Cat litter producer Intersand has begun construction of a rail-served production, packaging and distribution facility at the Great Western Industrial Park in Windsor, Colorado. GWIP is owned by short line group OmniTRAX, whose Great Western Railway of Colorado will provide direct rail services to the new ...
-
News
Railway supply industry news round-up
A memorandum of understanding has been signed for Plasser Theurer to test its track inspection vehicles and technologies on ÖBB Infra’s tracks, in return for providing the Austrian infrastructure manager with data about the condition of its assets. SilverRail Technologies Inc has exercised ...
-
News
Turkey to develop national rail research institute
The institute is intended to support development of the Turkish main line network. It will be eventually be based at TCDD premises in Ankara. TURKEY: The Ministry for Transport Infrastructure is to establish an Institute of Rail Transport Technology, which will be operated jointly ...
-
News
Partnership to develop North American rail portfolio
NORTH AMERICA: Middle-market investor Connor, Clark Lunn Infrastructure has announced a partnership with Alpenglow Rail’s short line management team with the aim of developing a portfolio of rail businesses across North America. As part of this, CC L has acquired VIP Rail from private ...
-
Rail Business UK
Hector Rail sells GB Railfreight to Infracapital
UK: EQT Infrastructure’s Hector Rail business has reached a definitive agreement to sell its UK subsidiary GB Railfreight to Infracapital, the unlisted infrastructure equity arm of M GPrudential which is due to demerge from Prudential plc in the fourth quarter of this year. ...
-
-
News
Wabtec to close MotivePower plant
USA: Wabtec is to end locomotive production at the MotivePower plant in Boise, Idaho, by early 2020, with manufacturing to be consolidated at the former GE Transportation site in Erie, Pennsylvania. ‘Decisions like this are never easy but will help simplify and optimise the company’s manufacturing ...
-
News
Mexican wagon manufacturing joint venture announced
MEXICO: US wagon manufacturer FreightCar America and heavy fabrication company Fabricaciones y Servicios de México have announced a joint venture to produce wagons in Castaños. FreightCar America is committing US$25m of assets and cash, and will consolidate and control the joint venture; profits and losses will ...
-
News
Railway supply industry news round-up
Industry 20190920 Transmashholding’s TMH International and the RSRS GmbH Railway Infrastructure joint venture of RZDstroy and Molinari Rail have signed memorandum of understanding for co-operation on international rail projects, including development, feasibility studies, engineering, procurement, construction and commissioning. Appalachian Railcar Services ...
-
News
RJ Corman Railroad Co leases Childersburg Line
USA: RJ Corman Railroad Co has finalised a long-term agreement to lease a 21 km short line in Coosa Pines, Alabama, from the City of Childersburg Local Redevelopment Authority. Branded by RJ Corman as the Childersburg Line, the railway carries a diverse range of inbound and ...
-
News
Bouygues cuts its stake in Alstom
ALSTOM: On September 12, French construction and industrials conglomerate Bouygues confirmed that it had divested more than 29 million shares in Alstom. This represents 13% of Alstom’s share capital at a price of €37 per share by way of an accelerated book-building involving institutional investors. ...
-
News
Railway supply industry news round-up
Industry 20190913 Around 500 companies participated in a ‘Mega Vendor Meet’ in Lucknow organised by Indian Railways ’ Research Designs Standards Organisation. The event included presentations on the online vendor approval process and steps being taken to make it easier to do ...
-
News
EBRD backs grain transport modernisation in Ukraine
UKRAINE: Agricultural produce merchant Louis Dreyfus Co is to establish a wagon logistics business with a fleet of up to 1 000 grain hoppers, backed by an US$35m EBRD loan. The bank said this would help to increase competition and market efficiency in the country, which ...
-
News
Winchester & Western Railroad sold
USA: OmniTRAX announced on September 11 that it had completed its previously-announced $105m acquisition of Winchester Western Railroad from minerals company Covia Holdings Corp. Class III railway W W has two divisions totalling 160 km, with an 85 km route in the Shenandoah Valley ...
-
News
Voith and CRRC to expand strategic alliance
INTERNATIONAL: Voith and CRRC have agreed to strengthen their co-operation in the rail and industrial sectors, as part of a framework agreement signed in Beijing on September 6, during a visit to China by Chancellor Angela Merkel. Earlier this year Voith Turbo China and CRRC Beijing ...
-
News
Banedanmark awards lidar scanning contract
DENMARK: Infrastructure manager Banedanmark has awarded Fugro a four-year framework agreement for lidar scanning of its 3 100 track-km network. Fugro said its ‘unique’ RILA train-borne survey technology would be used to simultaneously acquire lidar data and imagery of the track and surrounding environment to create ...
