Presenting its 2015 financial results on January 28, EMD parent company Caterpillar said ‘continuing weakness in economic conditions in much of the world is expected to be negative for sales of power generation equipment, industrial engines, marine and rail’ in 2016.
French company Certifer has established an Australian subsidiary in Sydney to support urban and rail transport projects. This follows its appointment as an independent safety assessor for the city’s trams and independent certifier for the metro project.
Russia’s Uralvagonzavod has begun producing 1 435 mm gauge axles certified for the European market. An undisclosed customer has ordered 4 000 BA-002 axles, with an initial batch of 350 to be delivered this year.
FS has received 17 expressions of interest in the purchase of the Grandi Stazioni Retail business, and non-binding offers are due to be submitted by the end of February. ‘We envisage a strong competition in reaching the finest price’, said FS CEO Renato Mazzoncini on January 27.
Russian wagon leasing company Brunswick Rail has entered into two previously-announced sale and lease back agreements with Alfa-Leasing. The first is worth 2·3bn roubles and covers 3 398 wagons previously subject to pledge under a syndicated facility which has now been repaid. The second is worth 1·6bn roubles and relates to 2 700 wagons. Brunswick has an option to repurchase the wagons.