All Business articles – Page 7

  • Berkshire Hathaway company Marmon Holdings has acquired Transco Railway Products from Transco Inc for an undisclosed price.
    News

    Marmon buys Transco Railway Products

    2019-05-22T14:00:00Z

    USA: Berkshire Hathaway company Marmon Holdings has acquired Transco Railway Products from Transco Inc for an undisclosed price. Chicago-based Transco Railway Products provides wagon repair, maintenance, certification and cleaning services at seven sites in the Great Lakes region, Iowa and Montana, and also supplies wagon components from a factory in ...

  • The High Court has ordered British Steel Ltd into compulsory liquidation.
    News

    British Steel Ltd placed in liquidation

    2019-05-22T11:34:48Z

    UK: The High Court ordered British Steel Ltd into compulsory liquidation on May 22, with the Official Receiver appointed as liquidator. The court has appointed Hunter Kelly, Sam Woodward and Alan Hudson of EY to act as Special Managers to assist the Official Receiver. The company supplies 95% of the ...

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    News

    Depot equipment demonstrations at Railtex

    2019-05-22T08:30:00Z

    MECHAN: Sheffield-based lifting and handling system manufacturer Mechan offered visitors to its Railtex stand a chance to see some of its products in action. A full size demonstration jack was displayed, along with a working model of a wheel press from Mechan’s French sister company Sogema Engineering. ...

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    News

    ‘Intelligent’ bogie manufacturing workshop

    2019-05-22T08:00:00Z

    CHINA: CRRC Zhuzhou has begun production at what it describes as ‘the world's first intelligent bogie manufacturing workshop’. The manufacturer said this provides ‘30·1% more production efficiency’ with 50% fewer staff and a 35% shorter R&D time compared to traditional manual operation. Automated guided vehicles retrieve and transport materials ...

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    News

    Revenue and profits grow at Talgo

    2019-05-22T07:00:00Z

    TALGO: Spanish rolling stock manufacturer Talgo announced its financial results for the first quarter of 2019 on May 14. Net revenues grew by 2·2% year-on-year, to €87·1m. Adjusted EBITDA was €15·9m and net profit €7·1m, a 70% increase compared with the first quarter of 2018. Lower depreciation and ...

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    News

    Wabtec invests in additive manufacturing

    2019-05-20T11:00:00Z

    3D PRINTING: Wabtec has purchased an H2 binder jet printer from GE Additive that is to be used to 3D print components for the group’s locomotive, transit, engine and mining products. The printer uses metal binder jetting with stainless steel 316, and Wabtec says that use with other materials ...

  • Ricardo is to acquire Transport Engineering, which has acted as technical adviser to Transport for New South Wales for the Sydney Growth Trains project.
    News

    Ricardo acquires Australian consultancy under diversification strategy

    2019-05-17T10:10:00Z

    AUSTRALIA: Ricardo plc has signed a share purchase agreement to acquire rolling stock life cycle management and technical services consultancy Transport Engineering Pty Ltd. The deal announced on May 14 is expected to be completed by the end of June, with the company then operating under the Ricardo brand as ...

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    News

    Railway supply industry news round-up

    2019-05-17T05:00:00Z

    Wien climatic wind tunnel operator Rail Tec Arsenal has split its Project Execution division into separate Rail & Road Vehicles and Aviation & Technical Systems divisions, to cater for the different needs of the sectors. Harting Technology Group has commissioned a robot which simulates real-world operating conditions to ...

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    News

    PPF sells minority stake in Škoda Transportation

    2019-05-16T10:57:44Z

    ŠKODA TRANSPORTATION: Petr Kellner’s investment business PPF Group announced on May 7 that it had sold a 10% stake in Škoda Transportation to an entity controlled by Michal Korecký. The price was not disclosed. Korecký had been one of the nine co-owners of Škoda Transportation until PPF completed the €326m ...

  • News

    Stadler inaugurates Salt Lake City factory

    2019-05-14T14:29:00Z

    USA: Vehicles being built for Caltrain and TEXRail were used to re-enact the completion of the transcontinental railway at Promontory Summit 150 years before as part of celebrations marking the official inauguration of Stadler US Inc’s factory in Salt Lake City on May 9. ‘It seems fitting that as we ...

  • More than 400 exhibitors from 22 countries will be converging on the National Exhibition Centre in Birmingham for the 14th Railtex international trade fair, organised by Mack Brooks Exhibitions.
    News

    Railtex 2019 attracts more than 400 exhibitors from 22 countries

    2019-05-14T05:00:00Z

    The UK’s premier exhibition of railway equipment, systems and services takes place in Birmingham this week

  • The REM metro project in Montréal has boosted Alstom's order intake.
    News

    ‘Exceptional commercial momentum’ at Alstom

    2019-05-13T12:33:31Z

    ALSTOM: ‘Alstom benefited from an exceptional commercial momentum this year with a record level of order intake at €12bn, including two major contracts with the renewal of the very high speed train fleet in France and the metro system project for Montréal’, said Chairman & CEO Henri Poupart-Lafarge on May ...

  • The name 574 Investments refers to the 2007 world rail speed record set by a modified TGV.
    News

    SNCF business to invest in start-ups

    2019-05-13T08:00:00Z

    FRANCE: SNCF is to establish a subsidiary branded 574 Investments to manage its involvement with technology start-ups. The name refers to the 2007 world rail speed record set by a modified TGV. SNCF has already invested in four funds dedicated to supporting young technology companies, but 574 Investments ...

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    News

    Railway supply industry news round-up

    2019-05-10T05:00:00Z

    Finnish company Roadscanners has sold its rail division, including its Rail Doctor software and related intellectual property rights, to the Loram Finland subsidiary of US-based Loram Maintenance of Way . ‘Roadscanners’ expertise and its cutting edge analysis software have been instrumental in the acceptance and growth of ground penetrating radar ...

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    News

    Financing agreed for high speed line PPP

    2019-05-09T07:00:00Z

    CHINA: A consortium led by the Fosun conglomerate has agreed a 28·1bn yuan loan package with a group of banks to finance the construction of the first high speed line in China to be built and operated under a PPP concession. The 269 km Hangzhou – Shaoxing – Taizhou line ...

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    News

    Railway supply industry news round-up

    2019-05-03T05:00:00Z

    PKP Cargo has signed a letter of intent with Poland’s Industrial Development Agency for co-operation in setting up a wagon factory near Rzeszów. Greenbrier subsidiary Wagony Ś widnica is expected to sign a letter of intent soon, allowing a fuller agreement to be signed by the end of the ...

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    News

    Bombardier Transportation synchronises production to customer requirements

    2019-05-02T13:33:42Z

    BOMBARDIER: Announcing its first quarter results on May 2, Bombardier said revenues at the Transportation business totalled US$2·1bn, 5% down year-on-year excluding currency impacts. It said this reflected a slower production ramp-up on certain large projects as it ‘better synchronises its production output to customer requirements and delivery schedules‘. ...

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    News

    Tracsis acquires timetabling software specialist Bellvedi

    2019-05-02T11:35:29Z

    TRACSIS: Transport software supplier Tracsis Group announced its acquisition of timetabling tool specialist Bellvedi Ltd on May 1. UK-based Bellvedi’s ATTUne planning and ATTUne4C on-the-day control platforms are used by train operators, infrastructure manager Network Rail, franchise bidding teams and consultancies for planning and validating timetables. ‘Tracsis has known ...

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    News

    Operail switches workshop focus from wagon repairs to locomotives

    2019-05-02T08:00:00Z

    ESTONIA: Freight group Operail’s supervisory board has approved the management’s proposal for changes at the Tapa depot which will direct resources towards locomotive rebuilding activities rather than wagon repairs. Repair activities at the site have not been profitable in recent years because of the extent to which work depends ...

  • CRRC and Tianjin Trust Co have launched a financial leasing subsidiary with the aim of expanding the rolling stock manufacturing group’s export activities.
    News

    CRRC launches rolling stock finance business

    2019-04-29T15:17:00Z

    CHINA: CRRC and Tianjin Trust Co have launched a financial leasing subsidiary with the aim of expanding the rolling stock manufacturing group’s export activities and supporting the government’s Belt & Road Initiative. Target market sectors include high speed trainsets, high-power locomotives, wagons and urban rail vehicles. CRRC Financial Leasing Co ...