All Business articles – Page 9

  • Stadler vehicles at InnoTrans 2018.

    Stadler announces IPO details and plans April 12 listing


    SWITZERLAND: Stadler Rail announced the launch of its initial public offering and published its offering memorandum on March 29. This comes ahead of the start of the bookbuilding process on April 1 and the listing and first day of trading on the SIX Swiss Exchange on April 12. The IPO ...

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    Railway supply industry news round-up


    Trenitalia has signed an agreement for its tickets to be sold through Chinese travel agency Ctrip ’s online platforms. Kapsch CarrierCom has been appointed as distributor and integrator of 3Binfra ’s Infralife asset management technology, which integrates service and diagnostic systems, allocates measurement data and visualises individual failures along ...

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    DB to dispose of Arriva


    EUROPE: The Deutsche Bahn AG supervisory board confirmed on March 27 its intention to dispose of the company’s international operating subsidiary Arriva, Railway Gazette ’s sister publication Rail Business has reported. DB’s management team has been tasked with developing options for the transaction, which could either take the shape ...

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    Railway supply industry news round-up


    Knorr-Bremse ’s North American subsidiary New York Air Brake has acquired Snyder Equipment Co , a Missouri-based locomotive fuelling and servicing equipment producer and component remanufacturer. ‘With the addition of Snyder’s top-line products to our portfolio, railroad and support service customers will be able to turn to NYAB as ...

  • Stadler has announced plans for an initial public offering and listing on the SIX Swiss Exchange.

    Stadler announces IPO plan


    SWITZERLAND: Plans for an initial public offering and listing on the SIX Swiss Exchange were announced by rolling stock manufacturer Stadler on March 19. The IPO is planned for ‘the coming months’, subject to market conditions. It would consist entirely of secondary shares held directly and indirectly by Executive Chairman ...

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    CAI International sells wagons


    USA: CAI International has agreed to sell 2 146 wagons, approximately 30% of its North American lease fleet, for $200m. The sale of 1 946 wagons was completed on February 26, realising a gain of $7m, while the remaining 200 wagons are currently being manufactured and will be sold ...

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    Railway supply industry news round-up


    DB’s long-distance passenger operating business has selected IVU Traffic Technologies software to gather and process information for vehicle planning, preparation and maintenance management. The first elements will be tested from the end of 2019, with full deployment from December 2020. ‘The new platform marks a big step forwards for us ...

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    Talgo predicts growth after lull in the production cycle


    TALGO: Spanish rolling stock manufacturer Talgo expects to see ‘significant’ revenue growth in 2019, with a mix of ‘low risk and high quality’ projects. The company said its ‘solid and stable’ order backlog had reached €3·16bn in February after winning a €550m contract to supply Deutsche Bahn with 23 ...

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    EKE buys predictive maintenance software company Humaware


    EUROPE: Finnish train automation and onboard data system supplier EKE-Electronics has bought Humaware, a UK firm specialising in predictive condition monitoring analytics. Humaware’s software was originally developed for use with helicopters, and is now used by rail customers including Network Rail and London Underground. EKE-Electronics plans to combine Humaware’s ...

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    Revenue up but one-time events hit VTG earnings


    VTG: Wagon leasing and rail and tank-container logistics company VTG has announced unaudited group revenue of €1·07bn for 2018, with the 5·7% year-on-year growth attributed to increased demand which saw capacity utilisation reaching 93·5% at the end of the year, the highest for 10 years. The acquisition of Nacco also ...

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    Rail-specific insurance to mitigate cybersecurity risk


    GERMANY: A novel insurance policy intended to mitigate the cybersecurity risks facing railway operators has been launched in Germany. Deutsche Verkehrs Assekuranz Vermittlungs is a bespoke insurance broker owned by national railway Deutsche Bahn (65%) and insurers DEVK and Marsh. Through DVA, policyholders will be eligible for discounts from ...

  • The first production staff to be recruited for CRRC Sifang America’s Chicago rolling stock factory have gone to China for training.

    Railway supply industry news round-up


    The first production staff to be recruited for CRRC Sifang America ’s Chicago rolling stock factory have gone to China for training. The plant in the Hegewisch district of southeast Chicago is to produce at least 840 Series 7000 metro cars for Chicago Transit Authority, and CRRC has committed to ...

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    Gemini confirms Springburn works closure


    UK: Gemini Rail has confirmed that it is to close its Springburn rolling stock maintenance works in Glasgow, citing ‘severely adverse market conditions affecting its core business’ and losses of £1m per month throughout 2018. The site has work in place until July, but closure is planned by March 2020 ...

  • Hübner has a major order to supply gangways for New York City Subway trains.

    Hübner to open US gangway factory


    USA: Having secured a major order to supply the gangways for new New York City Subway trains, Hübner has announced plans to build a elastomer product factory at Dunlap in Tennessee by 2020. This is to produce moulded parts, silicone seals and sensor-equipped rubber profiles for the US rail and ...

  • BLS Cargo has agreed to acquire Belgian freight operator Crossrail from Rhenus.

    BLS Cargo acquires Crossrail to strengthen north–south corridor


    EUROPE: An agreement for BLS Cargo to acquire 100% of Belgian freight operator Crossrail from Rhenus for an undisclosed price was signed on March 5. The transaction is subject to regulatory approval and would be backdated to January 1. Switzerland-based BLS Cargo said it would gain a stronger position on ...

  • RENFE will be adopting an ‘unprecedented and pro-active’ approach to international expansion, President Isaías Táboas Suárez told the Rail Live trade show in Bilbao.

    RENFE seeks ‘pro-active’ international expansion


    SPAIN: RENFE will be adopting an ‘unprecedented and pro-active’ approach to international expansion as its domestic market faces more liberalisation under the EU’s Fourth Railway Package, the Spanish incumbent’s President Isaías Táboas Suárez told the Rail Live trade show in Bilbao on March 6. Suárez highlighted RENFE’s participation in ...

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    5G roll out to begin on South Western Railway


    UK: FirstGroup has announced that its Rail Division will be the exclusive supplier of Blu Wireless’s 5G communications for ontrain connectivity. This follows a 2½ year development programme undertaken with Network Rail, the Department for Transport and the Department for Culture Media & Sport. Roll-out is to begin ...

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    Trains certified as ‘Guaranteed French Origin’


    FRANCE: Certification of origin might be more closely associated with wine and cheese, but Bombardier Transportation has now obtained the Pro France association’s ‘Guaranteed French Origin’ certification for the Francilien and Omneo/Regio 2N multiple-units designed and produced at its Crespin site in Hauts-de-France. ‘This is the first time a ...

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    Frauscher Sensor Technology acquired by Delachaux


    FRAUSCHER: Delachaux Group completed the acquisition of a majority stake in wheel sensor and axle counter manufacturer Frauscher Sensor Technology Group on February 28. The family-owned Delachaux Group is the owner of rail fastening manufacturer Pandrol as well as specialised energy and metals engineering businesses. FST’s management retains ...

  • The Go-Ahead Group’s German subsidiary Go-Ahead Verkehrsgesellschaft Deutschland has established Go-Ahead Bayern GmbH.

    Railway supply industry news round-up


    Palfinger Structural Inspection has been formed by Palfinger (51%), VCE Vienna Consulting Engineers ZT (24·5%) and Angst Group (24·5%) to undertake the inspection of rail and road bridges using unmanned aerial vehicles, multispectral sensors, artificial intelligence and three-dimensional data processing without needing to stop traffic. ‘We have identified great ...