All Business articles – Page 2

  • CRRC at MES expo
    News

    CRRC presents ETCS and CBTC technology to the global market

    2019-11-08T15:47:00Z

    GERMANY: CRRC Times Electric presented its SigThemis ETCS and tSafer-UC1000 communications-based train control platforms at Messe Berlin’s inaugural Mobility Electronics Suppliers trade fair in the German capital on November 6. CRRC said the two train control platforms would ‘add a new colour to the beautiful business ...

  • RENFE is to integrate Karhoo’s taxi booking platform into its ‘RENFE as a Service’ mobile app
    News

    Front door to destination with RENFE app

    2019-11-08T13:52:00Z

    SPAIN: National operator RENFE is to integrate Karhoo’s taxi booking platform into its ‘RENFE as a Service’ mobile app, which is being developed with the aim of enabling passengers to book an end-to-end journey across modes including rail, metro, taxi, private hire vehicle and scooter in a ...

  • Barcelona metro operator TMB has selected Alstom for a contract to supply 42 five-car trainsets.
    News

    Railway supply industry news round-up

    2019-11-08T05:00:00Z

    Alstom booked €4·6bn of orders in its first half between April 1 and September 30, down 35% year-on-year, with its backlog up 8% at a record €41·3bn. Sales were up 3% at €4·1bn, with adjusted EBIT up 5% to €319m and an adjusted EBIT margin of ...

  • The creation of a ‘future-ready leadership pool for Indian Railways’ is the focus of a memorandum of understanding between the Ministry of Railways and the Indian School of Business.
    News

    Indian School of Business to support railway leadership development

    2019-11-07T06:05:00Z

    INDIA: The creation of a ‘future-ready leadership pool for Indian Railways’ is the focus of a memorandum of understanding between the Ministry of Railways and the Indian School of Business. The MoU signed on October 30 covers executive education programmes, research opportunities and the development of ...

  • British Steel
    News

    Chinese interest in British Steel bid

    2019-11-07T06:00:00Z

    UK: British Steel has announced that the Official Receiver is holding discussions with a Chinese bidder which is interested in purchasing the whole of the business in a strategic acquisition which would support the development of its operations outside of China. The potential bidder began visits ...

  • Porterbook Innovation Hub
    News

    Porterbrook completes £250m refinancing

    2019-11-06T05:00:00Z

    UK: Porterbrook has announced the successful refinancing of its £250m public bond, locking in low funding costs 12 months ahead of the bond’s maturity in October 2020. A £100m samurai loan has been raised from a syndicate of four Japanese institutional investors, in what Porterbrook said ...

  • Report of the expert group on competitiveness of the European rail supply industry
    News

    Policies needed to maintain EU rail suppliers’ global leadership

    2019-11-05T11:32:00Z

    EUROPE: A report setting out policy measures which are needed to maintain the European supply sector’s ‘global leadership’ and competitiveness has been published by an EU expert group drawn from across the rail industry. Established a result of a European Parliament resolution in 2016, the group ...

  • Bombardier Transportation factory
    News

    Railway supply industry news round-up

    2019-11-01T05:00:00Z

    Rail.One has open a plant at Schwandorf in Germany for the production of up to 180 000 m of prestressed concrete turnout bearers per year under a 15-year contract awarded by DB Netz in October 2017. The site is close to DB’s turnout plant to ...

  • Vossloh track.
    News

    Progress Rail to buy Cleveland Track Material

    2019-10-31T15:51:00Z

    USA: Progress Rail has signed an agreement to buy specialist trackwork supplier Cleveland Track Material Inc, the largest US company in Vossloh’s Customised Modules division. The €35m sale does not require regulatory approval, and is expected to close in early November. ‘This acquisition allows Progress Rail ...

  • Map of the Liefkenshoek rail link in Antwerpen.
    News

    Liefkenshoek rail tunnel PPP refinanced

    2019-10-29T15:28:00Z

    BELGIUM: The BAM PPP-PGGM joint venture of Royal BAM Group’s public-private partnership arm BAM PPP and Dutch institutional pension fund investor PGGM has refinanced €580m of debt and associated interest swaps relating to the Liefkenshoek rail link in Antwerpen. The 16 km link including a 6·5 ...

  • Russia-Africa Summit
    News

    Railway development opportunities highlighted at Russia-Africa Summit

    2019-10-28T12:18:00Z

    AFRICA: A number of agreements for Russian co-operation in railway development were signed at the inaugural Russia-Africa Summit in Sochi on October 23-24, where 54 African countries were represented with 43 heads of state or government attending. Africa ‘provides unique opportunities for railway development’, First Deputy ...

  • gh-rites mou signing
    News

    Ghana signs rail development MoU with RITES

    2019-10-25T10:12:00Z

    GHANA: The Ministry of Railway Development signed a memorandum of understanding with Indian railway consultancy RITES on October 23 during the International Rail Conference 2019 in Delhi. The MoU, signed by Minister of Railway Development Joe Ghartey and RITES Managing Director Rajeev Mehrotra, aims towards long-term ...

  • HS2
    News

    HS2 streamlines civils subcontracting process

    2019-10-25T07:00:00Z

    UK: The four High Speed 2 main works civils contractors have collaborated to introduce a standardised pre-qualification system for subcontractors which is designed to streamline the process, reduce costs and boost productivity. Under the Common Assessment Standard, bidders for work with Align, BBV, EK and SCS ...

  • Trinity Industries wagon
    News

    Railway supply industry news round-up

    2019-10-25T05:00:00Z

    Trinity Industries has reported Q3 revenue of $813·6m, up 34·1% year-on-year. Wagon orders totalled 2 530 and deliveries 5 320, and its lease fleet reached 102 090 units. ‘Demand continued at lower levels during Q3 due to economic uncertainty associated with industrial production and global trade’, ...

  • Kolkata Sealdah station
    News

    Indian Railways carries Amazon parcels

    2019-10-24T12:35:00Z

    INDIA: Eastern Railway’s Kolkata suburban services between Sealdah and Dankuni are being used to carry parcels for online retailer Amazon in three-month pilot project. Amazon parcels will be carried in the electric multiple-units’ vendor compartments during the off-peak period between 11.00 and 16.00, to avoid impacting ...

  • Transdev subsidiary NordWestBahn has awarded Stadler a €100m contact to supply 16 Flirt electric multiple-units for use on Regio-S-Bahn Bremen/Niedersachsen services.
    News

    Alpha Trains finances Bremen S-Bahn fleet enhancement

    2019-10-24T05:00:00Z

    GERMANY: Leasing company Alpha Trains is to finance enhancement of the Regio-S-Bahn Bremen/Niedersachsen fleet, including the €100m acquisition of new electric multiple-units as well as the refurbishment of existing trainsets. Regio-S-Bahn Bremen/Niedersachsen services have been operated by Transdev’s NordWestBahn since 2010. Following a competitive tender, in ...

  • Tulpar-Talgo coaches for KTZ
    News

    Kazakhstan Railways cancels Tulpar-Talgo coach order

    2019-10-23T09:39:00Z

    KAZAKHSTAN: National railway KTZ has cancelled orders for Talgo-designed but locally produced coaches to be supplied from the Tulpar-Talgo factory in Nur-Sultan, after exchange rate changes raised the cost of sourcing components from abroad. The Tulpar-Talgo plant was opened by a joint venture of KTZ and ...

  • tn_pl-pkpcargo-vectron2_02.jpg
    News

    PKP Cargo looks to acquire Romanian operators

    2019-10-18T12:36:00Z

    EUROPE: Polish freight operator PKP Cargo announced on October 17 that it had started talks to acquire shares in three Romanian operators. Ploiești-based Vest Trans Rail SRL, Ferest Logistics SRL and Romcargounit SRL (both based in București) are active on the Romanian market, and PKP Cargo ...

  • VT_Test-bench_mid
    News

    Railway supply industry news round-up

    2019-10-18T05:00:00Z

    Industry Voith has commissioned a multi-functional transmission test bench at its Heidenheim site in Germany. This can test transmission performance under conditions including temperatures from -50°C to +85°C, mechanical stress, wind flow velocities of up to 180 km/h and ice build-up. It also enables ...

  • The Alstom Ubunye joint venture’s modernised factory in Ekurhuleni near Johannesburg was officially inaugurated on October 17
    News

    Modernised Alstom Ubunye factory inaugurated

    2019-10-17T13:32:00Z

    SOUTH AFRICA: The Alstom Ubunye joint venture’s modernised factory in Ekurhuleni near Johannesburg was officially inaugurated on October 17, in the presence of Premier of Gauteng province David Makhura and the French Ambassador. Alstom acquired a 51% stake in the former Union Carriage Wagon ...