All Business articles – Page 6
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NewsWabtec starts work on Bochum brake and coupler plant
Source: Panattoni GERMANY: Wabtec has held a groundbreaking ceremony to launch construction of a 20 000 m 2 brake and coupler manufacturing and maintenance factory at Bochum. Source: Wabtec/Patrick Sordoillet The plant is being developed by Panattoni Europe, with ...
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News
Railway supply industry news round-up
Andrey Vlsenko was appointed CEO of Transmashholding ’s Novocherkassk Electric Locomotive Plant on February 7. He was previously CEO of the Bryansk plant, where he is succeeded by Vadim Yakovlev who was Director of Logistics at Tver Carriage Works. Stadler has ...
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News
Transport security professionals to gather in Miami this June
EVENTS: Security specialists from across the sector will meet at the Transport Security Congress on June 8-10 2020, to be hosted at the Miami Marriott Marquis hotel. The event is a partnership between DVV Media International Ltd and the Port of Miami, with a comprehensive agenda ...
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News
Euromaint awarded Bergensbanen fleet maintenance contract
NORWAY: National passenger operator Vy has awarded Euromaint a nine-year contract to maintain rolling stock used on the Bergensbanen route between Oslo and Bergen. Most of the work will be undertaken at a workshop which is under construction in Bergen. The contract award follows railway agency ...
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News
Railway supply industry news round-up
United Metallurgical Co ’s Vyksa Steel Works produced a record 951 000 wheels in 2019, up 11% on 2018. Dutch infrastructure manager ProRail has awarded Hit Rail a 10-year contract to host and operate the Common Interface which provides interoperable connectivity ...
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News
Record capital expenditure for Indian Railways in 2020-21
INDIA: A 17% year-on-year increase in capital expenditure for Indian Railways in 2020-21 was announced when Minister of Finance Nirmala Sitharaman presented the national budget on February 1. The Ministry of Railways said the emphasis would be on continuing capacity enhancement works, and accelerating implementation to ...
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News
Kansas City signalling equipment manufacturer acquired
USA: Strait Lane Capital Partners has sold signalling equipment manufacturer J A Industries to signalling and level crossing supplier CDL Electric Co. J A Industries General Manager Mark Biehl and the existing management team will continue to lead the Kansas City-based business. ‘J A Industries’ ...
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News
Polarteknik acquires Train Door Solutions
EUROPE: Finnish door and partition wall manufacturer Polarteknik Oy has acquired UK pneumatic and electrical door systems servicing specialist Train Door Solutions Ltd under a deal completed on January 31. Established in 1999, Milton Keynes based Train Door Systems was previously owned by Nigel Mason, Vanessa ...
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News
Railway supply industry news round-up
Rail Vision Ltd says it is in advanced negotiations with ‘a leading European train operator’ for a €0·5m prototype deployment of its vision sensor and machine learning technology in a shunting yard. The system is designed to automatically detect and classify objects such as people, vehicles ...
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News
Arriva leases Alpha Trains DMUs for Czech operating contract
CZECH REPUBLIC: Arriva Vlaky has signed a long-term agreement to lease five two-car Siemens Desiro Classic diesel multiple-units from Alpha Trains. The DMUs are currently operated by RegioJet in Slovakia. They will be used by Arriva’s Czech subsidiary on competitively-tendered passenger services on the Liberec – ...
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News
SmartRail World becomes Railway Gazette Events
EVENTS: Last year we saw a lot of change on the Railway Gazette Group. Now as we move into 2020, I am delighted to add more industry leading events to our growing portfolio. In 2018, our parent DVV Media International Ltd purchased Global Transport Forum, a ...
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Urban news
Collaboration to drive open ticketing standards
INTERNATIONAL: A joint programme which aims to drive the adoption of open ticketing standards, reduce market fragmentation and prevent vendor lock-in was announced by the Calypso Networks Association and OSPT Alliance at the Transport Ticketing Global conference in London on January 28. Three working groups have ...
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News
Stagecoach Group joins new market entrants’ association ALLRAIL
EUROPE: Public transport operating group Stagecoach has joined the ALLRAIL association of new entrants to the European rail market. ‘As a major operator of rail services in the UK for over two decades and with significant experience of operating public transport services across Europe, we are ...
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News
Railway supply industry news round-up
Bloomberg reported on January 21 that Bombardier and Alstom have held preliminary talks regarding a possible combination of their rail businesses, citing ‘people familiar with the matter’. Crowd flow modelling company Movement Strategies is to merge with GHD Group ...
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News
New CEO aims to get Pesa back on track
POLAND: Rolling stock manufacturer Pesa is to announce a new strategy in the first quarter of this year, following the supervisory board’s decision to appoint the management board’s Vice-President of Operations Krzysztof Zdziarski as Chief Executive on January 8. Robert Tafiłowski was appointed as Chief Financial Officer. ...
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News
Railway supply industry news round-up
RJ Corman Railroad Group has announced the closure of its RJ Corman Railpower Locomotives business in Erie, Pennsylvania, with effect from February 29. RJ Corman had acquired the assets of the Railpower genset locomotive business in 2009, but on January 8 this year it ...
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News
Beijing-Shanghai High Speed Railway Co IPO raises 30·7bn yuan
CHINA: Beijing-Shanghai High Speed Railway Co Ltd made its debut on the Shanghai Stock Exchange on January 16, following one of the biggest mainland Chinese IPOs of the past decade. The sale of 6·29 billion shares, about 12·8% of the total, at 4·88 yuan per share, raised ...
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Urban news
Cubic and Moovit announce Mobility-as-a-Service co-operation
TECHNOLOGY: Fare collection technology company Cubic Transportation Systems and travel software developer Moovit have signed a strategic agreement for further collaboration in the Mobility-as-a-Service market, including integration of Moovit’s multimodal trip planning with Cubic’s mobile payment and ticketing capabilities. This will provide a platform offering service alerts, ...
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News
Promoting railway career opportunities in Turkey
TURKEY: A memorandum of understanding to establish a framework for the promotion of railway training and career development has been signed by Alstom Turkey and Haydarpaşa Vocational Technical Anatolian High School. To help raise students’ understanding of the rail industry and equip them with ...
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Rail Business UK
Rail Accelerator & Innovation Solutions Hub for Enterprise plans announced
UK: Siemens Mobility has announced plans to create a rail research, development and innovation hub near its future assembly plant at Goole in East Yorkshire. The £6m building on the Goole 36 enterprise zone site close to the M62 motorway is intended ...
