Railway supply industry news
Latest business news from the global railway supply industry, including company mergers, acquisitions and financial results.
Railway supply industry news round-up
RJ Corman Railroad Group has announced the closure of its RJ Corman Railpower Locomotives business in Erie, Pennsylvania, with effect from February 29. RJ Corman had acquired the assets of the Railpower genset locomotive business in 2009, but on January 8 this year it said ‘In the landscape of market ...
Beijing-Shanghai High Speed Railway Co IPO raises 30·7bn yuan
CHINA: Beijing-Shanghai High Speed Railway Co Ltd made its debut on the Shanghai Stock Exchange on January 16, following one of the biggest mainland Chinese IPOs of the past decade. The sale of 6·29 billion shares, about 12·8% of the total, at 4·88 yuan per share, raised 30·7bn yuan.
Cubic and Moovit announce Mobility-as-a-Service co-operation
TECHNOLOGY: Fare collection technology company Cubic Transportation Systems and travel software developer Moovit have signed a strategic agreement for further collaboration in the Mobility-as-a-Service market, including integration of Moovit’s multimodal trip planning with Cubic’s mobile payment and ticketing capabilities. This will provide a platform offering service alerts, route information, multimodal ...
Promoting railway career opportunities in Turkey
TURKEY: A memorandum of understanding to establish a framework for the promotion of railway training and career development has been signed by Alstom Turkey and Haydarpaşa Vocational & Technical Anatolian High School.
Rail Accelerator & Innovation Solutions Hub for Enterprise plans announced
UK: Siemens Mobility has announced plans to create a rail research, development and innovation hub near its future assembly plant at Goole in East Yorkshire.
Hitachi makes changes at Newton Aycliffe factory as IEP production ends
UK: Hitachi Rail has announced changes at its Newton Aycliffe factory which it said were intended to provide ‘greater flexibility, agility and global competitiveness’ as the production of 122 trainsets under the government’s Intercity Express Programme comes to an end.
Railway supply industry news round-up
DART awards Stadler’s first US maintenance contract
Wabtec expands capabilities with purchase of RELCO Locomotives
Company hopes to use railways to develop drone delivery corridors
Pension investor takes stake in Alpha Trains
Genesee & Wyoming acquisition completed
Alstom to maintain Siemens multiple-units
Progress Rail sells maintenance equipment leasing business
Railway supply industry news round-up
Railway supply industry news round-up
Battery-electric multiple-unit financing agreed
Škoda and Sinara establish vehicle joint venture
Wabtec opens Indian engineering and technology centre
Railway supply industry news round-up
Rhein-Ruhr S-Bahn tendering dispute settled
Bombardier Transportation inaugurates rolling stock test facility
South African company joins the global supply chain with TMH contract
Long-term loco brake maintenance agreement signed