All Business articles – Page 9

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    Urban 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 ...

  • 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 ...

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    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 ...

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    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 ...