All Business articles – Page 8

  • Transcontainer_02
    News

    RZD sells its stake in Transcontainer

    2019-12-06T14:55:00Z

    RUSSIA: State railway group RZD has sold its majority stake in intermodal operator Transcontainer to private freight and logistics company Delo Group, which runs intermodal terminals and port facilities across the Russian Federation. The Russian government had given its approval in April for the sale of ...

  • swietelsky crane
    News

    Railway supply industry news round-up

    2019-12-06T08:00:00Z

    To make itself ‘structurally fit for future challenges’, infrastructure construction company Swietelsky Baugesellschaft mbH has been restructured as Swietelsky AG. Supervisory Board Chairman Günther Grassner explained that no stock exchange listing was envisaged, as the change in legal structure would have no impact on the ownership. ...

  • Moment
    News

    Moment launches on-train entertainment platform

    2019-12-05T06:00:00Z

    FRANCE: Air and cruise infotainment technology supplier Moment is now offering its multimedia platform for train operators. The platform allows passengers to access a range of services from their electronic devices using wi-fi, without needing connectivity from the train. Operators can provide a custom range ...

  • EP20 locomotive.
    News

    Railway supply industry news round-up

    2019-11-29T06:00:00Z

    A line for repairing Alstom traction equipment from EP20 locomotives has been opened at TMHs Novocherkassk plant. TMH said the EP20 locos supplied to Russian Railways under life-cycle based contracts were one of the most complex designs in service in Russia. The traction equipment was ...

  • nl-LWR persfoto - vrij van rechten-2
    News

    Locomotive Workshop Rotterdam maintenance facility opens

    2019-11-26T15:41:00Z

    NETHERLANDS: The Locomotive Workshop Rotterdam maintenance depot in the port’s Maasvlakte 2 area was offically inaugurated on November 26. It has been developed by a joint venture of manufacturer Siemens Mobility and leasing company Mitsui Rail Capital Europe, and will undertake preventive and corrective maintenance, inspection ...

  • Chicago
    News

    Railway supply industry news round-up

    2019-11-22T05:00:00Z

    Stadler ’s directors have recommended former Swiss transport minister Doris Leuthard for election to the board at the AGM to be held on April 30 2020. ‘Thanks to her proven specialist expertise in matters relating to traffic and infrastructure, as well as her political experience as a ...

  • Alpha Trains Stadler Flirt3
    News

    Alpha Trains raises green financing

    2019-11-20T05:00:00Z

    LUXEMBOURG: Rolling stock leasing company Alpha Trains has refinanced some of its existing bank debt and secured further bank funds with a total volume of over €500m, as well as raising an additional €200m through a US private placement. This includes €140m of green bank financing, which ...

  • China's Beijing - Shanghai line (Photo: Andrew Benton).
    News

    Chinese high speed train operator’s IPO approved

    2019-11-19T10:23:00Z

    CHINA: Beijing–Shanghai High Speed Railway Co’s planned IPO was formally approved by the China Securities Regulatory Commission on November 14. The state railway’s investment arm currently owns a 50% stake in the operator of the 1 318 km line, which opened in June 2011 with trains ...

  • tn_it-ntv-italo-train_01.jpg
    News

    Italo signs ‘largest ever’ green loan for transport

    2019-11-18T14:22:00Z

    ITALY: Open access high speed train operator Italo has signed a €1·1bn syndicated loan, which CEO Gianbattista La Rocca said was the world’s largest green loan in the transport sector. The proceeds will be used to refinance €900m of existing green investments on better terms, and ...

  • VolkerWessels
    News

    Railway supply industry news round-up

    2019-11-15T05:00:00Z

    The management and supervisory boards of VolkerWessels have unanimously recommended that shareholders accept Reggeborgh Holding’s offer of €22·20 per share in cash for all shares. Closing of the transaction is expected in Q1 2020. Reggeborgh CEO Henry Holterman said it had intended to be a long-term ...

  • VRR and Stadler have officially opened a €35m depot on a former colliery site in Herne
    News

    Stadler opens depot for Rhein-Ruhr fleet

    2019-11-14T15:07:00Z

    GERMANY: Rhein-Ruhr transport authority VRR and Stadler have officially opened a €35m depot on a former colliery site in Herne where the manufacturer will maintain 41 Flirt 3XL EMUs which Abellio Rail NRW will operate on S-Bahn Rhein-Ruhr services from December 15. The 100 000 m² ...

  • fr-millet-cereal-hopper
    News

    Millet AFR resumes wagon manufacturing

    2019-11-12T11:55:00Z

    FRANCE: Manufacturing of new wagons has resumed at the former Arbel-Fauvet-Rail plant in Douai, following the acquisition of the business by wagon leasing group Millet SA, the company confirmed on November 12. Assembly of grain wagons began in October, and the construction of tank wagons is expected to restart in ...

  • British Steel supplies 95% of the rails used by Network Rail.
    News

    Jingye agrees to buy British Steel business

    2019-11-11T16:48:00Z

    UK: China’s Jingye Group has entered into contracts to acquire the business and assets of British Steel Ltd (in liquidation), the Official Receiver and special managers from EY announced on November 11. British Steel supplies 95% of the rails used by Network Rail. ...

  • National Railways of Zimbabwe train
    News

    National Railways of Zimbabwe orders Russian wagons

    2019-11-11T11:29:00Z

    ZIMBABWE: National Railways of Zimbabwe has signed an agreement for United Wagon Co to supply 100 open wagons. They are scheduled to be delivered within 12 months of NRZ finalising an export loan with the assistance of the Russian supplier. The 1 067 mm gauge wagons ...

  • Nigerian rolling stock plant groundbreaking ceremony (1)
    News

    Construction of Nigerian rolling stock factory begins

    2019-11-11T11:11:00Z

    NIGERIA: The construction of a rolling stock assembly plant at Kajola in Ogun state was launched when Vice-President Yemi Osinbanjo attended a groundbreaking ceremony on November 9. Minister of Transportation Chibuike Rotimi Amaechi said the plant on the Lagos – Ibadan railway ...

  • CRRC at MES expo
    News

    CRRC presents ETCS and CBTC technology to the global market

    2019-11-08T15:47:00Z

    GERMANY: CRRC Times Electric presented its SigThemis ETCS and tSafer-UC1000 communications-based train control platforms at Messe Berlin’s inaugural Mobility Electronics Suppliers trade fair in the German capital on November 6. CRRC said the two train control platforms would ‘add a new colour to the beautiful business ...

  • RENFE is to integrate Karhoo’s taxi booking platform into its ‘RENFE as a Service’ mobile app
    News

    Front door to destination with RENFE app

    2019-11-08T13:52:00Z

    SPAIN: National operator RENFE is to integrate Karhoo’s taxi booking platform into its ‘RENFE as a Service’ mobile app, which is being developed with the aim of enabling passengers to book an end-to-end journey across modes including rail, metro, taxi, private hire vehicle and scooter in a ...

  • Barcelona metro operator TMB has selected Alstom for a contract to supply 42 five-car trainsets.
    News

    Railway supply industry news round-up

    2019-11-08T05:00:00Z

    Alstom booked €4·6bn of orders in its first half between April 1 and September 30, down 35% year-on-year, with its backlog up 8% at a record €41·3bn. Sales were up 3% at €4·1bn, with adjusted EBIT up 5% to €319m and an adjusted EBIT margin of ...

  • The creation of a ‘future-ready leadership pool for Indian Railways’ is the focus of a memorandum of understanding between the Ministry of Railways and the Indian School of Business.
    News

    Indian School of Business to support railway leadership development

    2019-11-07T06:05:00Z

    INDIA: The creation of a ‘future-ready leadership pool for Indian Railways’ is the focus of a memorandum of understanding between the Ministry of Railways and the Indian School of Business. The MoU signed on October 30 covers executive education programmes, research opportunities and the development of ...

  • British Steel
    Rail Business UK

    Chinese interest in British Steel bid

    2019-11-07T06:00:00Z

    UK: British Steel has announced that the Official Receiver is holding discussions with a Chinese bidder which is interested in purchasing the whole of the business in a strategic acquisition which would support the development of its operations outside of China. The potential bidder began visits ...