All Business articles – Page 8

  • The Irish-registered NS Financial Services Co subsidiary of NS has sold its final assets.
    News

    NS ends Irish-registered rolling stock leasing activities

    2019-04-29T09:57:22Z

    EUROPE: The Irish-registered NS Financial Services Co subsidiary of Dutch national train operator NS has sold its final assets and ceased operating, NS announced on April 25. The fleet of 54 Alstom Coradia Lint 41 diesel multiple-units used by NS subsidiary Abellio Rail Mitteldeutschland on Diesel Netz Sachsen-Anhalt services in ...

  • Crossrail Aventra.
    News

    Aventra EMU cybersecurity assessed

    2019-04-29T08:27:00Z

    UK: Ricardo and Roke Manor Research are working with Bombardier Transportation’s in-house teams to produce a full appraisal of the digital security risk profile of Aventra electric multiple-units, looking at their exposure to a range of possible threats from espionage to remote hacking. This is intended to provide Bombardier Transportation's ...

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    News

    Railway supply industry news round-up

    2019-04-26T05:00:00Z

    On April 24 Wabtec marked the delivery to CN of the 1 000th Evolution Series Tier 4 locomotive to be produced at the former GE Transportation plant in Fort Worth, Texas. ‘This achievement underscores our bold decision in 2013 to develop a Tier 4 locomotive’, said Rafael Santana, Chief Executive ...

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    News

    NSB Group rebrands as Vy

    2019-04-25T12:11:13Z

    NORWAY: State-owned train operator NSB Group relaunched as Vy on April 24, bringing its rail, bus and electric car-sharing activities together under a single brand. ‘The name Norwegian State Railways no longer adequately expresses what we do’, explained Chairman Dag Mejdell. ‘The NSB Group operates rail and bus services ...

  • Siemens Mobility has submitted an outline planning application for a £200m rolling stock plant at Goole in East Yorkshire which would manufacture and commission vehicles for the UK market.
    News

    Siemens Mobility submits plans for Goole rolling stock plant

    2019-04-24T05:00:00Z

    UK: Siemens Mobility has submitted an outline planning application for a £200m rolling stock plant at Goole in East Yorkshire which would manufacture and commission vehicles for the UK market. This follows the signing last of November of a £1·5bn contract to supply 94 Inspiro London trainsets for London Underground’s ...

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    News

    Ironhorse buys Tennessee railways

    2019-04-23T05:00:00Z

    USA: Short line group Ironhorse Resources has acquired the Sequatchie Valley Railroad and the Walking Horse & Eastern Railroad in Tennessee, which are to be renamed as the Sequatchie Valley Switching Co and the Walking Horse Railroad. The 18 km Sequatchie Valley Switching Co serves south central Tennessee from a ...

  • tn_industry-20190418-clw.jpg
    News

    Railway supply industry news round-up

    2019-04-19T05:00:00Z

    India’s Chittaranjan Locomotive Works produced 402 locomotives in the 2018-19 financial year, up 15% from 2017-18 and with a 7·5% reduction in unit costs. CLW said a WAG9 locomotive now costs ‘just above‘ Rs100m. The first 9 000 hp WAG-9HH locomotive was rolled out at the end of ...

  • The Greenbrier Companies Inc has agreed to acquire the manufacturing business of American Railcar Industries from ITE Management.
    News

    Greenbrier to acquire American Railcar Industries in $400m deal

    2019-04-18T15:04:04Z

    USA: The Greenbrier Companies Inc has agreed to acquire the manufacturing business of American Railcar Industries from ITE Management in a deal worth $400m. The transaction announced on April 18 is expected to close this year, subject to customary regulatory approvals. The gross purchase price is $430m, including $30m for ...

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    News

    Croatian infrastructure manager signs MoUs with Chinese companies

    2019-04-18T08:00:00Z

    CROATIA: Infrastructure manager HŽ Infrastruktura signed memoranda of understanding with two Chinese companies during the latest 16+1 conference of China and 16 central and eastern European countries which was held in Dubrovnik on April 12. The first MoU was signed with China Road & Bridge Corporation. This covers collaboration over ...

  • Trading of Stadler Rail shares on the SIX Swiss Exchange began on April 12.
    News

    Stadler Rail lists on SIX Swiss Exchange

    2019-04-12T09:23:55Z

    SWITZERLAND: Trading of Stadler Rail shares on the SIX Swiss Exchange began on April 12. The offer price for the initial public offering was set at SFr38 per share, in the upper half of the announced price range of SFr33 to SFr41. This values the base offer at SFr1·33bn and ...

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    News

    UN committee backs Luxembourg Protocol

    2019-04-12T08:00:00Z

    AFRICA: A committee of experts from African finance, planning and economic development ministries has endorsed the adoption of the Luxembourg Rail Protocol to encourage private investment in railway assets across the continent. Meeting in Marrakesh, under the auspices of the UN Economic Commission for Africa, the committee called on the ...

  • tn_industry-20190412-Overail-4.jpg
    News

    Railway supply industry news round-up

    2019-04-12T05:00:00Z

    Salcef Group’s concrete sleeper business Vianini Industria has been renamed Overail , and production facilities in Italy are being expanded to enable it to manufacture turnout bearers and tunnel segments. Eran Gartner has been appointed to the newly-created position of CEO of Pandrol and joined the executive committee of its ...

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    News

    Orlando bonds approved as Brightline becomes Virgin Trains USA

    2019-04-09T08:45:59Z

    USA: Virgin Trains USA was granted approval by the Florida Development Finance Corp on April 5 to raise a further $950m in Private Activity Bond sales to fund the second phase of the inter-city passenger project formerly branded as Brightline. The announcement followed an initial sale of $1·75bn in tax-exempt ...

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    News

    Transmashholding sales up

    2019-04-09T05:00:00Z

    RUSSIA: Rolling stock manufacturer Transmashholding has announced a 44% year-on-year increase in sales to 224·8bn roubles for 2018. Sales of single-deck coaches were up 62% to 696, while sales of double-deck coaches were up 59% to 65. The company launched a major project to update its range of coaches, and ...

  • Deutsche Bahn has stopped accepting deliveries of new ICE4 trainsets, after it emerged that bodyshell welding had not been carried out as prescribed.
    News

    DB stops accepting ICE4 trains after welding issues discovered

    2019-04-05T13:10:13Z

    GERMANY: Deutsche Bahn has stopped accepting deliveries of new ICE4 trainsets, after it emerged that bodyshell welding had not been carried out as prescribed. Siemens Mobility is the general contractor for the ICE4 fleet under a framework contract awarded in May 2011, with subcontractor Bombardier Transportation responsible around 30% of ...

  • tn_industry-20190405-alstom_le_creusot_welding_robot.jpg
    News

    Railway supply industry news round-up

    2019-04-05T05:00:00Z

    Alstom ’s Le Creusot factory has unveiled what the manufacturer describes as the highest-capacity welding robot in the railway sector. The robot supplied by Galilé subsidiary Farman is due to be fully operational by the end of May. Thales has completed the acquisition of digital security and smart card manufacturer ...

  • Russian rolling stock group Transmashholding officially inaugurated its first African factory on April 2.
    News

    TMH Africa inaugurates South African plant

    2019-04-04T12:37:08Z

    SOUTH AFRICA: Russian rolling stock group Transmashholding officially inaugurated its first African factory on April 2. The former DCD Rolling Stock plant at Boksburg in Gauteng province was acquired last October by the TMH Africa joint venture of TMH International (70%) and its black economic empowerment partner Mjisa Investments (30%). ...

  • Fabrication of power cars for the RENFE Avril trainsets is getting underway at Talgo's Las Matas plant.
    News

    Talgo committed to UK expansion strategy

    2019-04-03T08:15:00Z

    UK: Planning for the development of a rolling stock manufacturing plant in Scotland and a research facility in northern England is continuing ‘at full pace’, Talgo Group President Carlos de Palacio Oriol told Railway Gazette in Madrid on April 1. Pointing out that Talgo’s two Spanish plants at Las ...

  • PT Inka held a groundbreaking ceremony for a new factory at Banyuwangi in East Java on March 31.
    News

    PT Inka breaks ground at site of rolling stock factory

    2019-04-03T07:00:00Z

    INDONESIA: State-owned rolling stock manufacturer PT Inka held a groundbreaking ceremony for a new factory at Banyuwangi in East Java on March 31. The factory is to be built on an 83 ha site at cost of Rp1·6tr, with opening planned for 2020. It is being designed to have the ...

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    News

    INPP to take full control of BeNEX

    2019-04-01T15:16:48Z

    GERMANY: UK-listed infrastructure investment group International Public Partnerships Ltd is to acquire joint venture partner Hamburger Hochbahn AG’s 51% stake in German rail and bus operator BeNEX GmbH. The signing of the purchase agreement was announced on April 1, and financial close is expected before the end of June 2019. ...