All Business articles – Page 6
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NewsGenesee & Wyoming to be acquired in US$8·4bn deal
INTERNATIONAL: A consortium of Brookfield Infrastructure, GIC and Brookfield’s institutional partners has agreed to acquire short line group Genesee & Wyoming Inc in a US$8·4bn transaction. The consortium would pay US$112 per share in cash, with G&W becoming a privately held company. ‘We believe this transaction is an ...
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Aachen students scoop IMechE Railway Challenge
UK: A team of students from Aachen University of Applied Science was named champion of the eighth Railway Challenge organised by the Institution of Mechanical Engineers, after successfully completing a series of on-track challenges at the Stapleford Miniature Railway on June 29-30. Open to students, apprentices ...
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Railway supply industry news round-up
East Japan Railway will hold its fifth suppliers tour at the InterContinental Hotel in Frankfurt on September 18-19, providing an opportunity for European companies to meet JR East to discuss business opportunities. The bilateral meetings will focus on topics including, but not limited to, rolling stock, track and signalling. ...
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Alstom in Motion strategic plan for 2023 launched
ALSTOM: ‘Sustained growth, green and digital innovation, operational efficiency and an agile, inclusive and responsible corporate culture’ are the aims of the Alstom in Motion strategic plan for 2023 which was unveiled by Chairman & CEO Henri Poupart-Lafarge in Paris on June 24. Poupart-Lafarge said the Alstom’s current 2020 strategy ...
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Railway supply industry news round-up
Turkey’s Minister of Transport & Infrastructure Mehmet Cahit Turhan officially opened an aluminium bodyshell production facility at the Tüvasa ş factory in Adapazarı on June 19. Technology company S&T has agreed to acquire Kapsch Group ’s Kapsch CarrierCom and Kapsch PublicTransportCom businesses, subject to regulatory approval, for a ...
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FS Group forms US subsidiary
USA: Italian state railway group FS has established FS Italian Railways USA Inc with the aim of developing its activities in the North American market. FS said the mass transit, high speed and freight markets ‘offer interesting growth possibilities, especially in the large metropolitan areas’, thanks to an increase in ...
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Hybrid shunting locomotive agreement
RUSSIA: An agreement for the development of diesel-battery hybrid shunting locomotives has been signed by Russian Railways, Transmashholding and lithium-ion battery manufacturer Rusnano. RZD has expressed interesting buying 131 hybrid shunters over six years, subject to approval of the prototype. These would be used at major stations and in depots. ...
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Railway supply industry news round-up
Head of the Russian Republic of Mordovia Vladimir Volkov officially reopened RM Rail ’s Ruzkhimmash factory in Saransk on June 10. It had been mothballed in 2014, but has reopened to produce lightweight aluminium-bodied hopper wagons and high-capacity container flat wagons. South African industrial and infrastructure group Aveng has completed ...
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TAZARA seeks opportunities with the private sector
AFRICA: The Tanzania-Zambia Railway Authority board is seeking to develop open access operations to increase traffic on its network, ‘in view of the good performance by the private operator so far’. Following its meeting in Dar es Salaam on June 1, the board directed the railway’s management to appoint a ...
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Russian rolling stock innovation centre planned
RUSSIA: An agreement to establish a rolling stock engineering innovation centre was signed by Russian Railways, Sinara Group and technology partner Siemens Mobility at the St Petersburg International Economic Forum. The partners said the centre would consolidate existing experience and acquire new expertise to provide engineering consultancy, design, and documentation ...
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Stadler sees success on six axles
EUROPE: Stadler says that its family of six-axle diesel, electric and bi-mode Eurodual locomotives are ‘30 to 40% better in terms of track forces’ than ‘most of the four-axle locos in use around Europe today’. Antonio García Ricos, Engineering Vice-President of Stadler Valencia, told the Transport Logistic trade show in ...
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Railway supply industry news round-up
The EKZ joint venture of Alstom (75%) and Transmashholding (25%) has begun production of Prima M4 KZ4AT electric passenger locomotives at its plant in Nur-Sultan. ‘We are proud to widen our activities by launching the new production line for passenger locomotives in Kazakhstan, which diversifies the country’s industrialisation programme’. said ...
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RailUSA acquires Florida line from CSX
USA: Freight railway group RailUSA has announced its second acquisition, forming the Florida Gulf & Atlantic Railroad with the purchase of a 690 km line from CSX Corp. Terms were not disclosed. The FGA runs east–west across northern Florida from Baldwin near Jacksonville to Tallahassee and Pensacola, with a connection ...
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Railway supply industry news round-up
Nippon Sharyo Manufacturing has appointed Cincinnati Industrial Auctioneers to sell the equipment from its rolling stock plant at Rochelle in Illinois, where operations ceased in July 2018. ‘The equipment was barely used and kept on a meticulous maintenance programme’, said Ryan Luggen, Business Development Executive at CIA, which will hold ...
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FirstGroup concerned about UK franchise risk and reward
FIRSTGROUP: ‘We have concerns with the current balance of risk and reward being offered’ by UK passenger rail franchises, warned FirstGroup Chief Executive Matthew Gregory when presenting the train and bus operator’s annual results on May 30. Gregory said FirstGroup would await the government’s Williams review of the structure of ...
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Opportunities amid uncertainty in the UK rail market
UK: Railway Industry Association Chief Executive Darren Caplan sees good opportunities for UK firms in both the home and export markets, despite a period of uncertainty. Speaking to Railway Gazette at the Railtex exhibition in Birmingham on May 15, Caplan stressed that the record £48bn settlement for ...
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Bombardier Transportation to 3D print rolling stock parts
ADDITIVE MANUFACTURING: Bombardier Transportation is to install a Stratasys F900 3D printer at its Hennigsdorf plant. Purchased through Stratasys’ regional distributor Alphacam, the printer will use ULTEM 9085 resin to produce components previously made from glass fibre or tin. Bombardier intends to use the printer to produce ...
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Legal action over ‘inappropriate’ risks in new West Coast franchise
UK: The West Coast Trains Partnership joint venture of Stagecoach Group (50%), SNCF Holding (30%) and Virgin (20%) confirmed on May 24 that it had begun legal action against the Department for Transport. This follows DfT’s decision to disqualify it from bidding for the West Coast Partnership contract covering the ...
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Railway supply industry news round-up
Saft has inaugurated an assembly line for MRX and MSX rail battery cells at its Zhuhai facility in China. This has a production capacity of 19 MAh/year. The supervisory board of Bombardier Transportation GmbH and Bombardier Transportation (Bahntechnologie) Holding Germany GmbH unanimously elected Prof Dr Rüdiger Grube as Chairman on ...
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CAF to acquire EuroMaint in €80m deal
SWEDEN: CAF has reached an agreement to acquire 100% of rolling stock maintenance company EuroMaint Group from funds advised by private equity firm Orlando Nordics. The deal announced on May 23 is worth around €80m, subject to adjustments at the closing of the transaction which is expected by July 19. ...
