Railway supply industry news
Latest business news from the global railway supply industry, including company mergers, acquisitions and financial results.
USA: Wabtec is to end locomotive production at the MotivePower plant in Boise, Idaho, by early 2020, with manufacturing to be consolidated at the former GE Transportation site in Erie, Pennsylvania.
MEXICO: US wagon manufacturer FreightCar America and heavy fabrication company Fabricaciones y Servicios de México have announced a joint venture to produce wagons in Castaños.
Transmashholding’s TMH International and the RSRS GmbH Railway Infrastructure joint venture of RZDstroy and Molinari Rail have signed memorandum of understanding for co-operation on international rail projects, including development, feasibility studies, engineering, procurement, construction and commissioning.
USA: RJ Corman Railroad Co has finalised a long-term agreement to lease a 21 km short line in Coosa Pines, Alabama, from the City of Childersburg Local Redevelopment Authority.
ALSTOM: On September 12, French construction and industrials conglomerate Bouygues confirmed that it had divested more than 29 million shares in Alstom.