On June 1 The Greenbrier Companies and Mitsubishi UFJ Lease & Finance Co finalised agreements for the expansion of their commercial relationship which had been announced in April. MUL is to obtain its new wagons exclusively from Greenbrier until 2023, with a commitment to buy an initial 6 000 over four years. MUL will also increase its portfolio through a combination of lease syndications and used vehicles owned by Greenbrier. The combined value of these transactions exceeds $1bn. The equally-owned MUL Greenbrier Management Services business will manage the fleet, with Greenbrier receiving fees for asset management services.
The Canadian government is providing Willowglen Systems with C$1m to support the commercialisation and marketing of the next generation of the SCADACOM Transit ICS integrated control system which can monitor urban rail networks to provide operators and supervisors with real-time situational awareness.
Knorr-Bremse is to distribute LB Foster’s wheel flange lubrication systems in Germany, Austria, Switzerland, Poland and South Africa. ‘LB Foster has delivered wheel flange lubrication solutions for decades and enjoys a market-leading position in North American and Asian markets’, said Knorr-Bremse Rail Vehicle Systems board member Mark Cleobury on June 6. ‘With our close-knit sales network we are well positioned to boost market penetration in the Central European markets and South Africa.’
Porsche Automobil Holding is to acquire Karlsruhe-based transport planning, management and logistics software developer PTV Planung Transport Verkehr for €300m, subject to regulatory approval.
US wagon, lorry and industrial loading platform and safety equipment manufacturer SafeRack has appointed Northern Platforms as its exclusive distributor for Alberta and British Columbia.
Transmashholding’s Novocherkassk Electric Locomotive Plant has commissioned a Doosan NM 1000 CNC horizontal milling machine which is expected to handle 15% of its traction motor production.
Polish company Corail and Sweden’s Nordic GSE have agreed to co-operate to develop de-icing and weather proofing equipment.
Lucchini RS formally opened its R200m wheelset machining facility at Germiston in South Africa on June 2.