All Business articles – Page 4

  • Christian Kuendig, Fitch
    News

    Rolling stock leasing companies exposed to effects of prolonged lockdowns

    2020-04-23T08:49:00Z

    Government support for train operators will protect the short-term cash generation of rolling stock leasing companies during coronavirus lockdown periods, but there could be pressure on their revenue base once the restrictions are lifted, warns Christian Kuendig , Senior Director, Non-Bank Financial Institutions, at Fitch Ratings.

  • Messe Berlin has rescheduled the InnoTrans 2020 trade fair, the biggest event in the rail industry calendar.
    News

    InnoTrans 2020 moved to new date

    2020-04-22T09:08:00Z

    INNOTRANS: Organiser Messe Berlin has rescheduled the InnoTrans 2020 trade fair, the biggest event in the rail industry calendar. The Messe Berlin venue has more than 3 km of outdoor tracks for rail vehicles to be displayed. InnoTrans 2020 was ...

  • The €1bn multilateral agreement to finance Egyptian National Railways’ purchase of 1 300 Transmashholding coaches over five years has come into force
    News

    Egypt, Russia and Hungary complete coach financing agreement

    2020-04-21T10:53:00Z

    EGYPT: The €1bn multilateral agreement to finance Egyptian National Railways’ purchase of 1 300 Transmashholding coaches over five years has come into force, the Russian supplier announced on April 21. The chair of the ENR board has received the official loan authorisation notice from the Hungarian ...

  • Infrastructure fund manager F2i SGR and Ania, the National Association of Insurance Companies, have announced the acquisition of a 92·5% stake in independent freight operator Compagnia Ferroviaria Italiana. T
    News

    Infrastructure investment fund acquires Italian freight operator CFI

    2020-04-21T08:58:00Z

    ITALY: Infrastructure fund manager F2i SGR and Ania, the National Association of Insurance Companies, have announced the acquisition of a 92·5% stake in independent freight operator Compagnia Ferroviaria Italiana. The remaining 7·5% is held by founding shareholder Giacomo Di Patrizi, who remains as CEO. CFI was ...

  • VAMPIRE Pro
    Rail Business UK

    Vampire rolling stock dynamics modelling software finds a new home

    2020-04-21T06:00:00Z

    UK: SNC-Lavalin has acquired the rights to to develop, support and licence the Vampire Pro software which is used model the dynamic behaviour of railway vehicles in response to track and other external forces. This follows Resonate’s decision to withdraw from vehicle dynamics consultancy, and ...

  • tn_au-wa-perth-transperth-emu_03.jpg
    News

    Australian railway radio contract stopped by US trade restrictions

    2020-04-20T10:00:00Z

    AUSTRALIA: Western Australia’s Public Transport Authority has dropped plans for the HUGL consortium of Huawei Australia and UGL to undertake its Radio Systems Replacement project, saying trade restrictions imposed on Huawei by the US government had created a force majeure event under the contract which the ...

  • On-train infotainment provider GoMedia is to use sentiment analysis software from Wordnerds to help train operators make sense of passengers’ comments in social media posts, online reviews, surveys and forums.
    News

    Sentiment analysis to help train operators understand passenger feedback

    2020-04-17T07:00:00Z

    FEEDBACK: On-train infotainment provider GoMedia is to use sentiment analysis software from Wordnerds to help train operators make sense of passengers’ comments in social media posts, online reviews, surveys and forums. ‘We are developing a range of digital solutions to give operators timely data, so that ...

  • Wabtec is working with Tronix3D to produce face shields for Pennsylvania healthcare provider Excela Health
    News

    Railway supply industry news round-up

    2020-04-17T06:00:00Z

    Wabtec is working with Tronix3D to produce face shields for Pennsylvania healthcare provider Excela Health. ‘As a 150-year-old member of the greater Pittsburgh community, we have a responsibility to support our first responders during these unprecedented times’, said Wabtec President CEO Rafael Santana. ‘Wabtec ...

  • The Greenbrier Companies
    News

    Greenbrier suspends wagon manufacturing at Gunderson site

    2020-04-16T13:44:00Z

    USA: The Greenbrier Companies has suspended wagon manufacturing at its Gunderson site in Portland, Oregon, owing to the economic impacts of Covid-19. The announcement on April 16 came a week after Greenbrier Gunderson ended production on its double-stack intermodal line, which has run nearly continuously for ...

  • Hitachi’s Tranista Traffic Management technology
    News

    Railway supply industry news round-up

    2020-04-10T06:00:00Z

    Cyient has entered into a ‘long term strategic engagement’ with Hitachi Rail which will see it develop and operate sites in Hyderabad and Bangalore in India and Pennsylvania in the USA to provide engineering services such as application logic and hardware design, software configuration, verification ...

  • RegioJet train
    News

    ALLRAIL calls for action to save new passenger train operators

    2020-04-09T14:54:00Z

    EUROPE: The coronavirus pandemic is ‘annihilating’ the business cases of many independent passenger operators, and without urgent action the first bankruptcies could be seen this month, the ALLRAIL association of new entrants to the rail market has warned. On April 9 ALLRAIL said the ‘understandable’ decision ...

  • The Greenbrier Companies
    News

    Two goals for Greenbrier in the Covid-19 crisis

    2020-04-09T11:26:00Z

    GREENBRIER: Wagon manufacturer The Greenbrier Companies has two primary goals during the coronavirus pandemic, Chairman CEO William A Furman said when presenting its Q2 results on April 7. These are ‘protecting the safety and health of employees and preserving the economic well-being of our enterprise ...

  • ZTR and security software company BlackBerry have launched a remote wagon monitoring system designed to provide operators with greater insights into the fleets.
    News

    ZTR and BlackBerry partner to launch rail asset monitoring platform

    2020-04-08T06:00:00Z

    MONITORING: Locomotive modernisation technology specialist ZTR and security software company BlackBerry have launched a remote wagon monitoring system designed to provide operators with greater insights into the fleets. Monitoring devices offer a long battery life in the rough railway environment, while the online dashboard provides location, ...

  • Wheelset and wagon component repair and maintenance company Vítkovické Železniční Opravny has recorded earnings just under KC120m in its first year of operation.
    News

    Wagon repair company reports successful first year

    2020-04-07T06:00:00Z

    CZECH REPUBLIC: Wheelset and wagon component repair and maintenance company Vítkovické Železniční Opravny has recorded earnings just under KC120m in its first year of operation. VŽO is part of the CE Industries group owned by Jaroslav Strnad, and has invested in developing ...

  • Knorr-Bremse
    News

    Railway supply industry news round-up

    2020-04-03T06:00:00Z

    Knorr-Bremse suspended its guidance for the 2020 financial year on March 27, saying the effects of the Covid-19 crisis had rendered numerous assumptions obsolete. It said a rapid recovery in China, where Knorr-Bremse’s plants have resumed 97% of their operations, showed that with appropriate measures delivery ...

  • Railway from Gorgan to Incheh Borun on Iran's border with Turkmenistan.
    News

    Russian Railways pulls out of Iranian infrastructure work

    2020-04-02T15:10:00Z

    IRAN: Russian Railways confirmed on April 2 that it had ceased work on infrastructure projects in Iran, and was to close its Tehran office. As part of this, its overseas engineering business RZD International has ceased work to electrify and increase capacity on the 495 km ...

  • tn de-db-ice3-frankfurt
    News

    Railway supply industry news round-up

    2020-03-27T06:00:00Z

    Stucki Roller Bearing has opened a plant in Lincoln, Nebraska, to meet growing demand for reconditioned bearings for locomotive, wagon and passenger transport applications. SRB’s second facility has nearly 40% more space than its primary location in Elizabethtown, Kentucky. ‘In addition to adding space to support ...

  • Train
    Rail Business UK

    Tracsis acquires ticketing software specialist iBlocks

    2020-03-24T06:00:00Z

    UK: Transport software company Tracsis plc has acquired smart ticketing, back office and automated delay repay specialist iBlocks. Tracsis said the acquisition would support its objective of strengthening its rail product portfolio in areas where it can offer a unique market proposition. The company would gain ...

  • Dr Josef Theurer, founder and long-standing CEO of track maintenance machine manufacturer Plasser & Theurer, died on March 19 at the age of 91.
    News

    Dr Josef Theurer

    2020-03-20T15:31:00Z

    AUSTRIA: Dr Josef Theurer, founder and long-standing CEO of track maintenance machine manufacturer Plasser Theurer, died on March 19 at the age of 91. Dr Theurer established Plasser Theurer with Franz Plasser in 1953 and built up the business over the following ...

  • in-clw final
    News

    Railway supply industry news round-up

    2020-03-20T06:00:00Z

    India’s Chittaranjan Locomotive Works has announced the roll out of the 2 500th three-phase passenger locomotive since production began in 1997. Formerly First Deputy Director-General of Russian Railways responsible for international affairs, Alexander Misharin became Chairman of the board of Sinara ...