Railway supply industry news – Page 105
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NewsBrunswick Rail replaces leaseback facility
RUSSIA: Wagon leasing company Brunswick Rail has agreed a rouble sale and leaseback arrangement with SpetsTransServis to replace a previous leaseback facility with Alfa-Leasing. Announcing the change on June 2, Brunswick Rail said the arrangement offered more attractive terms which would reduce its interest payments and increase its unencumbered fleet. ...
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News‘Transformational’ deal creates Europe’s largest wagon manufacturer
EUROPE: The 'transformational' deal to combine the European activities of The Greenbrier Companies and Astra Holding to create what the firms describe as Europe's largest wagon manufacturing and repair business was completed on June 1. According to Greenbrier-Astra Rail supervisory board Chairman and head of commercial operations Thomas Manns, the ...
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NewsRailway supply industry news round-up
Hannover-based software company HaCon became a wholly-owned subsidiary of Siemens within its Mobility Division with effect from June 1, following regulatory approval for the acquisition. Power generation and energy services group Engie has acquired onboard wi-fi, entertainment, information and data communication technology company Icomera, which has 150 employees in ...
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NewsSeoul metro operators merge
SOUTH KOREA: The merger of the two city-owned metro operators in Seoul took effect on May 31. The new Seoul Metro is formed of Seoul Metro Corp — which previously operated lines 1, 2, 3 and 4 — and Seoul Metropolitan Rapid Transit Corp, which operated lines 5, 6, ...
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NewsGo east, young people
INTERNATIONAL: Later this year, the EU Gateway programme is to organise its first ‘market scoping mission’ to Japan specifically aimed at the rail sector. Timed to coincide with the Mass-Trans Innovation exhibition in Chiba at the end of November, the trip will include briefings, site visits and an opportunity to ...
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Metro Report InternationalStrukton forms Chinese joint venture
CHINA: Strukton Rolling Stock signed a joint venture agreement on May 31 with Jinan-based Rnomac Group subsidiary SiCC Co, which specialises in the manufacture of semiconductor materials. The joint venture, named Shandong SRCC Rail Transport Technology Co, aims to supply traction equipment and railway systems for the Chinese market. ...
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NewsLEO Express looking to buy Locomore
EUROPE: LEO Express is looking to acquire German open access operator Locomore, which recently filed for insolvency. Speaking to German newspaper Handelsblatt, Leo Express CEO Peter Köhler confirmed that the Czech open access operator, not currently present in the German market, has made an offer for Locomore. In ...
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NewsRailway supply industry news round-up
Leipzig-based welding specialist Goldschmidt Thermit has agreed to acquire PUT Graw, a Polish track measurement and condition monitoring technology provider, as part of its plans for expansion in eastern Europe. Financial terms were not disclosed.Electrical connector specialist Harting has begun work to construct a European Distribution Centre at Espelkamp in ...
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NewsMÁV begins manufacturing coaches for international services
HUNGARY: National railway holding group MÁV has started series production of locally designed inter-city coaches for international services. The Hungarian government decided in April 2016 that it would provide financial assistance for MÁV to manufacture 20 hauled passenger coaches for international traffic plus a further 100 for domestic use. The ...
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NewsRailway supply industry news round-up
Software company RailcarRx's Repair Shop Management System now supports leasing company TTX's billing format, which includes variations to the standard CRB billing format. RailcarRx says it has streamlined the process of creating repair cards for TTX pooled equipment, by allowing repair shops to update required data in bulk and generate ...
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NewsMerger of Greenbrier Europe and Astra Rail approved
EUROPE: The Greenbrier Companies and Astra Rail Management announced on May 18 that they had obtained the regulatory approvals needed to complete a merger of their European activities to create the ‘largest end-to-end, Europe-based freight railcar business’. Plans for the merger had been announced on October 13, and the transaction ...
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NewsExpedia to acquire majority stake in SilverRail
SILVERRAIL: A definitive agreement for online travel group Expedia to acquire a majority stake in rail ticket retailing and distribution platform developer SilverRail Technologies was announced on May 12. The transaction is expected to close in mid-2017, subject to conditions including regulatory approval. Terms were not disclosed. ‘Rail is ready ...
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NewsCrowd-funded open access operator Locomore files for insolvency
GERMANY: Open access operator Locomore announced on the evening of May 11 that that it had filed for insolvency at the district court in Charlottenburg. Locomore launched a partly crowd-funded daily return service between Berlin and Stuttgart in December 2016 using refurbished coaches and with a focus on sustainability. ...
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NewsRailway supply industry news round-up
Indian Railways’ Chittaranjan Locomotive Works produced 292 three-phase electric locomotives in the 2016-17 financial year, up from 280 in 2015-16 of which 215 were three-phase types and 250 in 2014-15. The Railway Board has set a target of 325 locomotives for 2017-18. ST Kinetics has entered the rail sector ...
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NewsSiemens Mobility hit by competition and industry overcapacity
SIEMENS: Plans for a restructuring of various activities in Germany were announced by Siemens on May 11, as part of strategy to become a ‘digital industry company’ and reduce costs. The measures included centralisation of IT and training activities, and the loss of around 1 700 jobs over several years ...
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NewsDB launches integrated consultancy service in 'important' UK market
UK: Deutsche Bahn launched an integrated engineering and consultancy service for the UK rail industry at the Railtex 2017 trade fair. The combined portfolio brings together the rolling stock expertise of DB Systemtechnik and DB's established UK technical consultancy ESG Rail with the infrastructure and operating knowledge of DB Engineering ...
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NewsSales down but profit up at Škoda Transportation
CZECH REPUBLIC: Rolling stock manufacturer Škoda Transportation has announced record earnings of KC1∙6bn on a turnover of KC15∙7bn in 2016. Sales were down by KC2∙5bn, but net profit rose almost threefold from 2015. Exports accounted for 50∙4 % of total production and the company employed 5 327 people. Trams were ...
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NewsStadler seeks 'most powerful' loco family as Eurodual trials begin
EUROPE: Stadler Valencia outlined plans for the development of its Eurodual family of electro-diesel locomotives at the Transport Logistic trade fair in München on May 10. German freight operator HVLE is to be the launch customer for the Eurodual, having confirmed an order for 10 six-axle locomotives in March. Stadler ...
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NewsTraxx locomotive family expanded with multi-system and DC options
EUROPE: Bombardier Transportation announced two additions to its Traxx locomotive family at the Transport Logistcs trade fair in München on May 9. The Traxx MS3 is designed for 15 kV 16·7 Hz, 25 kV 50 Hz AC and 1·5 and 3 kV DC power supplies, the four most common electrification ...
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NewsADIF tenders infrastructure maintenance
SPAIN: Within a budget of €275∙9m, ADIF is to tender a package of contracts to undertake infrastructure maintenance on the conventional network for a period of 24 months, with a 24-month extension option. Replacing 20 existing contracts, the new contracts will be divided into six geographical lots plus a seventh ...