Railway supply industry news
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News
Hydrogen loco development to incorporate genset and hybrid technology
USA: Sierra Northern Railway has acquired the assets of diesel-battery hybrid and genset locomotive supplier RailPower, which it will use to develop hydrogen locomotives for short line and industrial applications. SNR is the freight division of the privately owned Sierra Railroad Co, which in turn holds ...
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News
More Talgo acquisition proposals announced
SPAIN: A Basque consortium has submitted an offer to acquire a 29·8% stake in Talgo, and the Polish state investment fund which owns Pesa Bydgoszcz is to submit a separate proposal to acquire 100% of the Spanish rolling stock manufacturer. Indian group Jupiter Wagons is also ...
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Rail Business UK
Wabtec plans closure of Doncaster site
UK: Wabtec has announced plans to close its Doncaster site and withdraw from the UK rolling stock maintenance market, with up to 300 jobs at risk. Following the announcement to staff on February 7 Wabtec told Rail Business UK that ’following a comprehensive review of the ...
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News
Dragon locomotive leads leasing company’s central European expansion
POLAND: Leasing company Akiem has unveiled the first of 30 Newag Dragon-2 locos ordered to support its expansion in the central European market. Akiem said it was the first European lessor to ‘invest massively’ in new locomotives for central Europe, which represents 20% of its customer ...
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News
Rail workforce software company secures investor funding
GERMANY: SaaS start-up Menlo79 has secured capital for the further expansion of its Wilson workforce management software for the rail and logistics sectors ’where simple shift planning tools and Excel reach their limits’. Its first round of investor funding has raised €2·1m from investors Scalehouse Capital, ...
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Metro Report International
Iran begins series production of domestic metro trains
IRAN: Tehran Wagon Manufacturing Co has received approval for series production of metro trainsets with 85% domestic content. This follows 1½ years of testing of a prototype seven-car set developed under the National Train project which was launched in 2019 to increase the level of localisation ...
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News
Wagon services to be offered at Texas storage site
USA: Union Tank Car Co is to provide wagon cleaning and repair services at 225 Rail’s storage facility at Pasadena in Texas. The site has space to store 1 000 wagons. The repair facilities will be able to handle various wagon types, including tanks and hoppers. ...
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Rail Business UK
High Speed 2 SME Innovation Accelerator gets underway
UK: High speed line project promoter HS2 Ltd has launched its seventh Innovation Accelerator programme, with six SMEs selected to develop ideas for automating asset management, maximising site productivity and future-proofing operations. Archangel Imaging will refine its AI-equipped security camera technology to monitor security across HS2’s ...
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News
Phoenix Rail rises with acquisition of Lehigh Valley Rail Management
USA: Infrastructure investor Ancala has launched short line rail business Phoenix Rail, with its first deal being the acquisition of Lehigh Valley Rail Management which owns short line and terminal facilities at Bethlehem and Johnstown in Pennsylvania. Phoenix Rail is led by CEO Alex Yeros, COO ...
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News
Latest Luxembourg Rail Protocol ratification ‘is a game changer for Africa’
SOUTH AFRICA: The country has ratified the Luxembourg Rail Protocol to the Cape Town Convention on International Interests in Mobile Equipment, which is designed to make it easier for the private sector to finance rolling stock.
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News
Rolling stock owners call for action on rail’s ‘patchwork of increasingly expensive technologies’
EUROPE: The Association of European Rail Rolling stock Lessors has called for the more co-ordinated deployment of ERTMS, changes to subsidy policies and measures to ensure life-time support of vehicles. It says these measures are needed to avoid disrupting procurement and to avoid rail pricing itself out of the freight market.
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Rail Business UK
Rob Whyte appointed Managing Director for Alstom UK & Ireland
UK: Alstom has announced the appointment of Rob Whyte as Managing Director UK & Ireland with effect from February. He was previously Managing Director in the Nordics. Whyte joined Alstom more than 30 years ago as an apprentice in the company’s Transmission & Distribution business while ...
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News
Indian industrial group acquires Danish train toilet maker
DENMARK: Goa-based industrial group Kineco has acquired Danish train sanitary system supplier Semvac from Wabtec UK in an all-cash transaction. Kineco’s railway division supplies rolling stock interior and exterior products in India, and the diversified group is also active in the aerospace, defence, renewable energy and ...
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News
Hitachi to acquire Omnicom rail asset monitoring technology business
INTERNATIONAL: Hitachi Rail has agreed to acquire Balfour Beatty’s rail asset monitoring technology business Omnicom. Hitachi said this would form a ‘key strategic pillar’ of the Hyper Mobility Asset Expert platform launched at InnoTrans 2024. Derby-based Omnicom provides hardware and software for surveying, inspecting and monitoring ...
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Rail Business UK
Swietelsky buys Harry Needle Railroad Co
UK: Austrian railway construction and maintenance contractor Swietelsky has acquired 100% of the shares of locomotive hire, storage and maintenance company Harry Needle Railroad Co. The purchase for a ‘eight-figure sum’ will enable founder Harry Needle to realise his majority share in the business and take ...
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Rail Business UK
London Underground traction motor refurbishment capacity doubled
UK: Eriks UK & Ireland has completed a £1·2m refurbishment of its engineering workshop at Greenford in west London as a dedicated facility for servicing London Underground traction motors. This has more than doubled production capacity, and increased the workforce from 11 to 23 employees. Partnerships ...