All Business articles – Page 4

  • Saudi Railway Co train

    Saudi Railway Co and Russian Railways to co-operate


    SAUDI ARABIA: Russian Railways Chief Executive Oleg Belozerov, CEO of the Russian Direct Investment Fund Kirill Dmitriev and Saudi Railway Co CEO Dr Bashar Al Malik signed a co-operation agreement in Riyadh on October 14. The parties expressed interest in Russian participation in the construction and ...

  • Powerlines Group

    Railway supply industry news round-up


    Business Optima Group ’s 8·65bn rouble offer was the winning bid for a 100% minus one share stake in Russian Railways subsidiary Wagon Repair Co 3 at an auction held on October 3. France’s Engie Group has completed the ...

  • matt-byrne-president-uk-region-bombardier-transportation

    Bombardier Transportation appoints UK region president


    UK: Bombardier Transportation has appointed Matt Byrne as President of its UK Region and Chair of Bombardier Transportation UK Ltd. He replaces Phil Hufton who has decided to step down for personal reasons, but has agreed to stay for a short period to ensure a smooth handover. ...

  • in-beml-bogie-test
    Urban news

    Indian metro bogie test facility inaugurated


    INDIA: BEML has inaugurated a bogie and traction motor testing facility at its metro car manufacturing plant at the BEML Bangalore Complex. The company said the indigenously- developed facility was ‘one of its kind’ in India, and would help it to improve metro train reliability and ...

  • eke-Bogie maintenance, photographer Atte Mäläskä

    Data-driven bogie maintenance project launched


    FINLAND: A project to optimise bogie maintenance through the use of data-driven condition monitoring has been launched by the national railway’s rolling stock maintenance subsidiary VR FleetCare and automation and information systems supplier EKE-Electronics. Sensors and data transmission systems will be installed on VR Group’s locomotives ...

  • au-martinus-rail-gamuda-signing-1

    Gamuda 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 ...

  • The Messe Berlin venue has more than 3 km of outdoor tracks for rail vehicles to be displayed.

    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, ...

  • tn_plasser-cab-digital

    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 ...

  • de-bombardier-battery-talent-svm-7695_L

    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 ...

  • us-omnitrax-catslitter

    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 ...

  • Plasser & Theurer has signed a memorandum of understanding with ÖBB Infra

    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 ...

  • Ankara Sincan Siemens Velaro 2

    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 ...

  • ca-VIP Website pic 3

    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 ...

  • gb-gbrf-iport-rail-doncaster-gbrf-train_01

    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. ...

  • 2019_0920_site visit_indonesian delegation
  • MotivePower diesel-electric locomotive for MTA New York City Transit works trains.

    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 ...

  • Headquartered in Chicago, FreightCar America has facilities at Cherokee in the Shoals region of in Alabama, Grand Island in Nebraska, Johnstown in Pennsylvania, Roanoke in Virginia and Shanghai in China.

    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 ...

  • Appalachian Railcar Services wagon.

    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 ...

  • us-rjcorman-childersburg

    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 ...

  • The Alstom in Motion strategic plan for 2023 has been announced.

    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. ...