All Business articles – Page 4

  • dk-Fugro RILA DK 060919 COMPR
    News

    Banedanmark awards lidar scanning contract

    2019-09-09T09:00:00Z

    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 ...

  • cn-gotransit-train
    News

    Icomera wins GO Transit wi-fi contract

    2019-09-07T06:00:00Z

    CANADA: Transport authority Metrolinx has selected Icomera to roll-out wi-fi and an entertainment system across the GO Transit fleet of 943 rail vehicles and 532 buses in the Greater Toronto and Hamilton areas. Installation is scheduled to begin later this year, with the first wi-fi expected ...

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    News

    Show Us the Rail Enhancements, says Railway Industry Association

    2019-09-06T08:22:00Z

    Show Us the Rail Enhancements, says Railway Industry Association UK: The Railway Industry Association has launched a ‘Show Us the Rail Enhancements’ campaign, calling on the government to publish its list of planned large projects such as electrification and the provision of additional tracks. RIA ...

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    News

    Railway supply industry news round-up

    2019-09-06T06:00:00Z

    Vossloh Group and Anyang Railway Equipment Co have formed a 51:49 joint venture to produce rail fastening components in China. The VR Maintenance subsidiary of Finland’s national operator has been rebranded as VR FleetCare , as part of a ...

  • VTG's executive and supervisory boards have approved an application to delist the company’s shares from Frankfurt Stock Exchange.
    News

    Wagon leasing joint venture formed

    2019-09-02T13:56:00Z

    SWITZERLAND: Private markets investment manager SIG-i Capital and established leasing company VTG have formed Prio SA as a 55:45 joint venture which aims to acquiring a lease fleet of around 2 500 mostly new intermodal and tank wagons. The deal announced on August 30 has been ...

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    News

    Loco2 to rebrand as Rail Europe

    2019-09-02T12:35:00Z

    EUROPE: SNCF’s international ticket retailing platform Loco2 is to be rebranded as Rail Europe with effect from November 6. Announcing the change on September 2, Loco2 said Rail Europe was ‘a well-established market leading brand worldwide in the Americas, India, across Asia, Australia and ...

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    News

    UNIFE demands ‘fair’ market access for European and Chinese suppliers

    2019-09-02T12:26:00Z

    INTERNATIONAL: European suppliers’ association UNIFE reiterated its call for ‘a real level playing field’ and ‘fair conditions’ for both European and Chinese manufacturers on September 2. It said this should include specific rules excluding non-European state-owned enterprises from EU procurement in the absence of reciprocal market access. ...

  • tn_gb-Leeds-Station-Project-Internal-Concourse-Image
    News

    Systra buys British Steel’s TSP Projects business

    2019-08-30T14:31:00Z

    UK: Systra announced the acquisition of British Steel’s TSP Projects subsidiary on August 30. The international transport consultancy said this would double its presence in the UK, with TSP Projects’ extensive experience of civils, electrification and track works complementing its existing UK rail engineering services and providing ...

  • RailwayGazette_NewWebsite
    News

    Railway Gazette: a fresh perspective

    2019-08-29T09:00:00Z

    Market-leading expertise for a digital future… It has been a busy year for us, and I am proud to announce the relaunch of our digital platform, www.railwaygazette.com. This is the culmination of unprecedented audience research carried out over the last 12 months. We asked our subscribers, ...

  • First State Investments is to acquire 100% short line group Patriot Rail & Ports from SteelRiver Infrastructure Partners.
    News

    Australian investment group FSI to buy Patriot Rail

    2019-08-28T09:00:00Z

    USA: Australian investment group First State Investments announced an agreement to acquire 100% of the equity of short line group Patriot Rail & Ports from SteelRiver Infrastructure Partners on August 26. Terms were not disclosed. Formed in 2006 and acquired by SteelRiver in 2012, Florida-based Patriot now has ...

  • Vossloh Locomotives specialises in producing small to mid-sized diesel locos for freight applications at its factory in Kiel which moved to new facilities last year.
    News

    Vossloh to sell Locomotives business to CRRC

    2019-08-26T17:29:13Z

    GERMANY: On August 26 Vossloh AG announced its intention to sell its Locomotives business unit to Chinese state-owned rolling stock group CRRC. Vossloh Locomotives is based in Kiel, where a new production facility was completed in March 2018. The business specialises in producing small and medium sized diesel ...

  • News

    Railway supply industry news round-up

    2019-08-23T05:00:00Z

    SNCF Réseau has raised €100m issuing a 100-year green bond. The French infrastructure manager said this was the longest-ever green bond, overtaking 60-year bonds issued by Energias de Portugal and Energie Baden-Wuerttemberg. Projects eligible for financing will include maintenance and work to optimise energy use and expand the network. HSBC ...

  • The first of 160 articulated flat wagons which Deutsche Bahn has ordered from United Wagon Co’s Tikhvin factory in Russia have been sent for testing.
    News

    Russian wagons for DB on test

    2019-08-21T13:00:22Z

    GERMANY: The first of 160 articulated flat wagons which Deutsche Bahn has ordered from United Wagon Co’s Tikhvin factory in Russia have been sent for testing, with TSI certification expected by the end of the year Static testing and trial running is to be undertaken over several months, with ...

  • The Official Receiver has named Ataer Holdings as preferred bidder for the British Steel business.
    News

    Ataer Holdings named preferred bidder for British Steel

    2019-08-16T11:13:34Z

    BRITISH STEEL: The Official Receiver named Ataer Holdings as preferred bidder for the whole of the British Steel business on August 16. Heads of agreement have been signed, triggering a two months of exclusive talks and detailed due diligence ahead of the planned sale of the Scunthorpe-based steel maker and ...

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    News

    Railway supply industry news round-up

    2019-08-16T05:00:00Z

    Chittaranjan Locomotive Works ’ ancillary electric loco assembly unit in Dankuni rolled out its 100th locomotive on August 12. The WAG9 freight loco will be based at Bandamunda. The plant was established in 2014 and completed its first loco in March 2016. Alstom has awarded Airswift a contract to ...

  • ‘The positive market outlook for the rail industry remains unchanged’, said Bombardier when it presented its second quarter results on August 1.
    News

    Bombardier sees ‘positive market outlook’ for rail

    2019-08-13T14:00:00Z

    BOMBARDIER: ‘The positive market outlook for the rail industry remains unchanged’, said Bombardier when it presented its second quarter results on August 1. ‘At Transportation, we have made significant progress and remain on track to complete the transformation by 2020’, said, Bombardier Inc President & CEO Alain Bellemare. ‘As ...

  • Teralytics was founded in 2012 as an ETH Zürich spin-off company and now has 56 employees and activities in 10 countries.
    News

    DB invests in mobile data analytics company

    2019-08-13T09:53:52Z

    SWITZERLAND: A company which uses mobile phone data to obtain information on travel demand has raised US$17·5m in a funding round with participants including Deutsche Bahn’s technology investment fund DB Digital Ventures, Robert Bosch Venture Capital, Innogy Ventures, LBBW Venture Capital, Liil Ventures and existing investors Atomico and Lakestar. ...

  • Loram Maintenance of Way has agreed to purchase Aurizon’s rail grinding business, along with its contracts to serve four customers.
    News

    Loram to acquire Aurizon’s rail grinding business

    2019-08-13T09:40:32Z

    AUSTRALIA: Loram Maintenance of Way has agreed to purchase Aurizon’s rail grinding business, along with its contracts to serve four customers. ‘Loram recognises substantial opportunities in the Australian rail market’, explained Stephen Mannix, Managing Director of local subsidiary Loram Pty Ltd, when the agreement was announced on August 12. ...

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    News

    Railway supply industry news round-up

    2019-08-09T05:00:00Z

    India’s Chittaranjan Locomotive Works produced 107 electric locomotives between April and July, with 32 completed last month. It expects to achieve a record production figure this financial year. Trust Bank has increased its share in United Wagon Co from 5·7% to 25·5%. Rolls-Royce Power Systems is to ...

  • The next-generation data communication system is required to support ETCS and automatic train operation as well as secure voice communication.
    News

    Siemens Mobility selects Softil software for LTE-R development

    2019-08-07T05:00:00Z

    COMMUNICATIONS: Siemens Mobility is to use Softil’s BEEHD framework in the development of LTE-R communications technology to succeed GSM-R, and also mission-critical push-to-talk applications for transport use. The next-generation data communication system is required to support ETCS and automatic train operation as well as secure voice communication between drivers ...