All Business articles – Page 3

  • VTG

    Railway supply industry news round-up


    VTG AG has completed a €2·9bn refinancing of VTG Group’s capital structure, including committed credit lines to fund the continuing investment plans. ‘The BBB issuer credit rating from S P, the extension of funding tenor and the reduction of funding costs in the depths of the ...

  • tn_es-passengers-boarding-train_08.jpg

    Electronic Ticket Control Database enters service


    INTERNATIONAL: A centralised system for the real-time exchange of ticket control information has been launched to enable rail ticket issuers and carriers around the world to increase their electronic ticketing capabilities and prevent fraud. The Electronic Ticket Control Database has been developed by not-for-profit European rail ...

  • The Greenbrier Companies received orders for 700 wagons worth $50m in Q2 to February 28 2017.

    Greenbrier GIMSA Joint Venture agreement amended


    MEXICO: As part of its response to the effects of the coronavirus pandemic, The Greenbrier Companies has amended its 50:50 joint venture agreement with Grupo Industrial Monclova, the manufacturing partner at the Greenbrier GIMSA wagon plant in Monclova, Mexico. Both partners will receive additional revenue and ...

  • Appenzeller Bahnen

    Swiss narrow gauge operators to study merger


    SWITZERLAND: The Frauenfeld-Wil-Bahn and Appenzeller Bahnen boards have agreed to examine a possible merger of the two companies. The 1 000 mm gauge networks are not connected, but the companies have worked together since 2003 and it is envisaged that combining could reduce costs. ...

  • Intermodal train (Photo: David Lustig)

    Partnership to offer mission-critical IoT radio communications in the rail market


    NORTH AMERICA: Siemens Mobility and private licensed wireless data network developer Ondas Networks have announced an exclusive partnership to offer a Siemens-branded portfolio of radio communications in the North American rail market. This will feature dual-mode equipment that is interoperable with Siemens Mobility’s extensive installed base ...

  • Wilkie said a New South Wales government action plan had set the standard for better procurement processes

    Industry calls for improvements to Australian rail tendering processes


    AUSTRALIA: The Australasian Railway Association has made 21 recommendations for simplifying and reducing the cost and time required to tender rolling stock and signalling contracts. ‘Australian tendering costs are higher than global benchmarks and that makes it harder to get projects out of the planning phase ...

  • Captrain_01

    Railway supply industry news round-up


    Captrain company ITL has begun work on a €2·4m project to expand its workshops at Pirna near Dresden with the provision of new training, storage and staff areas, as well as locomotive and wagon washing equipment. FreightCar America has reported ...

  • LTE-loco

    Locomotive maintenance joint venture formed


    AUSTRIA: Fleet owners Logistics Transport Europe and European Locomotive Leasing have formed a locomotive maintenance joint venture with Austrian Federal Railways subsidiary ÖBB-Technische Services. ETL Lokservice will maintain locomotives in a 1 000 m² workshop to be built at Gramatneusiedl south of Wien, which ...

  • Nexans cable.

    Supplying 1 km of cables per metre of vehicle length


    CABLES: Alstom has awarded Nexans a three-year global framework agreement for the supply of its Flamex range of specialised cables for use on rolling stock. Nexans said modern rolling stock typically requires 1 km of cables per metre of vehicle length, and the contract would cover ...

  • data-generic-code-pixabay

    Cyberattack seeks to extort money from Stadler


    SWITZERLAND: Stadler’s IT network has been the subject to a malware attack which has ‘most likely’ led to a data leak, the rolling stock manufacturer said on May 7. It assumes the incident was ‘a professional attack from unknown offenders’, with the motive to ‘extort a ...

  • Selby College engineering facilities
    Rail Business UK

    Siemens Mobility receives 200 applications for Goole apprenticeship programme


    UK: Siemens Mobility Ltd has selected Selby College as the training partner for its future £200m production plant at Goole, and has received 200 applications for the first 12 apprentice roles. The apprentices will be the first of up to 700 employees ...

  • generator_wagons_infranord

    Railway supply industry news round-up


    Swedish infrastructure, workshop and operating services company Railcare announced ‘the strongest first quarter we have experienced’ on May 5, with Q1 net sales up 25% to SKr106m. ‘To date, the Covid-19 pandemic has not impacted the company with any projects being cancelled’, said CEO Daniel Öholm. ...

  • Traktionssysteme Austria factory

    Voith and PCS Holding to acquire Traktionssysteme Austria majority stake


    AUSTRIA: An agreement has been signed for Voith and PCS Holding to acquire a combined 59% stake in Traktionssysteme Austria. TSA manufactures electric motors, generators and transmissions for rail and road vehicles, employing 380 people in Austria and a further 390 in Bosnia-Herzegovina, China, the USA ...

  • in-rcf Karputhala-air con coach

    Rail Coach Factory Kapurthala restarts work


    INDIA: Rail Coach Factory Kapurthala restarted production after 28 days of lockdown on April 23. A total 3 744 employees living in the RCF township have been permitted to return to work, and issued with a safety kit of masks, sanitiser bottle and soap. Workers are ...

  • it-trenitalia-etr500-2

    Railway supply industry news round-up


    Trenitalia has awarded Bombardier Transportation a contract to provide spare parts logistics services for the 58 ETR500 high speed trains supplied by a consortium of Bombardier, Alstom and AnsaldoBreda. The agreement runs for six years, with an option for a further six, and will see Bombardier ...

  • The Rail Supply Group has launched a survey seeking views on the operational impact of Covid-19 on the rail supply chain and the path to recovery.
    Rail Business UK

    Supply chain’s views on Covid-19 recovery sought


    UK: The Rail Supply Group has launched a survey seeking views on the operational impact of Covid-19 on the rail supply chain and the path to recovery. Information from the survey, which opened on April 30, will inform the work of a coronavirus taskforce established ...

  • Class 379 electric multiple-unit.

    Akiem completes acquisition of Macquarie European Rail’s fleet


    The Class 379 EMUs operated by Greater Anglia will move to Akiem under the deal. EUROPE: Following regulatory approval, Akiem Group completed the acquisition of Macquarie European Rail’s rolling stock leasing business on April 23. The transaction includes 137 locomotives used by 21 operators, including ...

  • Vossloh has classed its Transportation division as a discontinued operation.

    Competition authority clears CRRC acquisition of Vossloh Locomotives


    GERMANY: The proposed acquisition of Vossloh Locomotives GmbH by CRRC Zhuzhou Locomotives Co was cleared by the national competition authority on April 27.

  • More than 3 800 students from all over the world are expected to attend InnoTrans in Berlin during September 2020.

    April 2021 date for InnoTrans announced


    INNOTRANS: The rescheduled InnoTrans railway and transport trade fair will now take place from April 27 to 30 2021, organiser Messe Berlin has confirmed.

  • americantrack

    Railway supply industry news round-up


    Hamburg based bank Berenberg has arranged a €70m institutional debt package to finance the purchase of eight Alstom Coradia Lint 54 diesel multiple-units and two Siemens Desiro electric multiple-units for use by ODEG in Mecklenburg-Vorpommern, Brandenburg and Berlin. A group of investors represented by Allianz Global ...