All Business articles – Page 7

  • Siemens Mobility has announced plans to create a rail research, development and innovation hub near its future assembly plant at Goole in East Yorkshire.
    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 ...

  • Hitachi Rail has announced changes at its Newton Aycliffe plant.
    Rail Business UK

    Hitachi makes changes at Newton Aycliffe factory as IEP production ends


    UK: Hitachi Rail has announced changes at its Newton Aycliffe factory which it said were intended to provide ‘greater flexibility, agility and global competitiveness’ as the production of 122 trainsets under the government’s Intercity Express Programme comes to an end. As part of the transition to ...

  • tn_in-beml-metro-train.jpg

    Railway supply industry news round-up


    Indian rolling stock and construction equipment manufacturer BEML and construction firm Ircon International have signed a memorandum of understanding to explore opportunities to co-operate in export markets. Ircon said it had a ’strong International presence and proven capabilities’ in tracklaying, electrification and infrastructure construction, including ...

  • Dallas Area Rapid Transit has awarded Stadler a $199m contract to supply eight Flirt diesel multiple-units for the $1·1bn Cotton Belt Regional Rail Project in the northern suburbs of Dallas.
    Urban news

    DART awards Stadler’s first US maintenance contract


    USA: Dallas Area Rapid Transit has awarded Stadler a $112m contract to maintain the fleet of diesel multiple-units which it is to supply for the Silver Line project, along with the associated depot. DART awarded Stadler a $199m contract to supply ...

  • Relco Locomotives

    Wabtec expands capabilities with purchase of RELCO Locomotives


    USA: Wabtec Corp has announced the expansion of its remanufacturing and repair capabilities with the acquisition of RELCO Locomotives for $29m. RELCO Locomotives is an established company in the leasing, rebuilding, and repair sector, with operations in Albia and Cedar Rapids, Iowa. It has projected sales ...

  • SkyRights Holdings is seeking to partner with Class I railways to make their alignments available for use by drone delivery companies and for ‘urban air mobility’ applications (Photo: David Lustig)
  • Alpha Trains Siemens Vectron Multisystem locomotive for TX Logistik.

    Pension investor takes stake in Alpha Trains


    EUROPE: Arcus European Infrastructure Fund 1 has sold its 41·1% stake in rolling stock leasing company Alpha Trains to Dutch investment group APG. Alpha Trains has a portfolio of 363 locomotives and 432 trainsets leased to operators in 17 countries including Germany, France, Italy, Spain and ...

  • tn_us-gwi-rcpe-locomotives_02.jpg

    Genesee & Wyoming acquisition completed


    INTERNATIONAL: The US$8·4bn acquisition of freight railway group Genesee Wyoming by affiliates of New York and Toronto listed global investor Brookfield Infrastructure and Singapore’s foreign reserves investor GIC has been completed. The US$112 per share deal had been announced in July. ‘This transaction ...

  • BDZ Desiro

    Alstom to maintain Siemens multiple-units


    BULGARIA: National operator BDZ’s passenger division has awarded Alstom a €70m five-year contract to provide full maintenance services for its fleet of Siemens Desiro multiple-units. The deal covers a total of 126 cars which entered service from 2006. These comprise 22 diesel multiple-units operating on the ...

  • tn_us-dollars_d19e3d.jpg

    Progress Rail sells maintenance equipment leasing business


    USA: Dallas-based private equity firm Paceline Equity Partners has acquired the Progress Rail Equipment Leasing Corp business from Catterpillar subsidiary Progress Rail. Terms of the transaction announced on January 2 were not disclosed. Based near Detroit and with an office in the St Louis area, ...

  • Chittaranjan Locomotive Works

    Railway supply industry news round-up


    India’s Chittaranjan Locomotive Works produced 446 locomotives during 2019, significantly ahead of its design capacity of 200 locomotives per year and representing a near-doubling of its output over the past five years. An agreement has been signed for a consortium formed ...

  • ERMEWA wagon.

    Railway supply industry news round-up


    Wagon leasing company Ermewa has restructured and refinanced its group debt through a combination of multicurrency secured bank debt and US private placement notes for a total value of circa €1·5bn. It was advised by Watson Farley Williams, which said it was a ‘complex, ...

  • Alstom Coradia Continental electric multiple-unit for Elektronetz Mittelsachsen services.

    Battery-electric multiple-unit financing agreed


    GERMANY: Mittelsachsen transport authority ZVMS has reached an agreement for an order for 11 battery multiple-units to be financed by mandated lead arranger KfW IPEX-Bank with Nord/LB and Deutsche Kreditbank. The financing package is worth €49m and has a term of 22 years. The order is ...

  • ru-sinara-skoda-tram impression
    Urban news

    Škoda and Sinara establish vehicle joint venture


    RUSSIA: Škoda Transportation and Sinara Group have signed an agreement to establish a 50:50 joint venture for the production of metro trains, trams and trolleybuses. The joint venture, branded Sinara-Škoda will be headquartered in St Petersburg. ‘Russia is a huge and promising market in which we ...

  • Wabtec India Engineering & Technology Centre

    Wabtec opens Indian engineering and technology centre


    INDIA: The Wabtec India Engineering Technology Centre was inaugurated on December 12. The company is investing US$5m in the facility, which will occupy five floors of a building on the ITC Green Campus in Bangalore. This will house engineering teams from across the ...

  • ​United Wagon Co’s Tikhvin factory has completed the 100 000th wagon

    Railway supply industry news round-up


    United Wagon Co ’s Tikhvin factory has completed the 100 000th wagon since it began production in January 2012. The open wagon is one of 20 000 which are to be delivered to State Transport Leasing Co by the end of 2022. UWC said there are ...

  • Rhein-Ruhr S-Bahn Class 422 EMU

    Rhein-Ruhr S-Bahn tendering dispute settled


    GERMANY: An out-of-court settlement has been reached over the decision by Rhein-Ruhr transport authority VRR to cancel a contract for Keolis to operate S-Bahn Rhein-Ruhr services. Details of the agreement announced on December 10 were not disclosed. In July 2016 VRR awarded Keolis the Lot ...

  • Bombardier Transportation Bautzen test centre (2)

    Bombardier Transportation inaugurates rolling stock test facility


    GERMANY: Bombardier Transportation inaugurated a €16m rolling stock testing facility at its Bautzen factory on December 12, with guests including Sachsen’s Minister President Michael Kretschmer and Canadian ambassador Stéphane Dion. Around 50 employees can work in three shifts at the test ...

  • TMH is to supply ENR with a total of 1 300 coaches

    South African company joins the global supply chain with TMH contract


    EGYPT: The TMH International subsidiary of Russian rolling stock manufacturing group Transmashholding has awarded South African company SME Exports a contract to supply 800 heating, ventilation and air-conditioning systems for coaches ordered by Egyptian National Railways. SME Exports supplies HVAC to customers in South Africa and ...

  • KTZ Alstom KZ4AT passenger locomotive

    Long-term loco brake maintenance agreement signed


    KAZAKHSTAN: Alstom Kazakhstan and Knorr-Bremse Russia have signed a comprehensive agreement for the corrective and preventive maintenance of braking systems on up to 200 twin-section freight locomotives and 95 passenger locomotives being supplied to national railway KTZ. This includes the supply of replacement parts. ...