Railway supply industry news – Page 107
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NewsRailway supply industry news round-up
Gabon has become the first African country to ratify the Luxembourg Rail Protocol to the Cape Town Convention on International Interests in Mobile Equipment. ABB and IBM have announced a strategic collaboration to bring together ABB Ability data capture and IBM Watson artificial intelligence and machine learning capabilities for ...
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NewsMRCE sells diesel locomotives
EUROPE: Irish-registered RIVE Rail Leasing Ltd has acquired 32 Vossloh diesel shunting locomotives from Mitsui Rail Capital Europe, in a transaction co-arranged by Paribus Capital and Paris-based RIVE Private Investment. Senior debt was structured and provided by KfW IPEX-Bank. RIVE Rail Leasing is a joint venture between investors advised by ...
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Metro Report InternationalTram components 3D printed on demand
GERMANY: Siemens is using 3D printing to reduce its lead times for the supply of customised tram components from weeks to days while eliminating the cost of specialised tooling and the need to keep parts in stock. Siemens has seen an increase in demand for customised parts, but the ...
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NewsDB Cargo UK confirms job cuts and reform
UK: Freight operator DB Cargo UK has confirmed that it is to launch its ‘future business model’ on July 2, having reached an agreement on the changes with the unions which represent the majority of its workforce. Discussions with ASLEF, RMT, TSSA and Unite began in October 2016 when DB ...
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NewsTram components 3D printed on demand
GERMANY: Siemens is using 3D printing to reduce its lead times for the supply of customised tram components from weeks to days while eliminating the cost of specialised tooling and the need to keep parts in stock. Siemens has seen an increase in demand for customised parts, but the ...
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NewsUnited Wagon Co forms tank container subsidiary
RUSSIA: Rolling stock manufacturing group United Wagon Co has established a subsidiary to arrange multimodal tank container and container shipments in the CIS region, southeast Asia and the Middle East. Unicon 1520 will have a fleet of high-capacity flat wagons produced by UWC, as well as tank containers ...
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NewsSiemens launches 'internet of trains' Digital Rail Services business
USA: Siemens has formed a Digital Rail Services business to improve rail operations by creating an ‘internet of trains’ making intelligent use of data generated by sensors on infrastructure and vehicles. The Digital Rail Services business is based at the Georgia Institute of Technology Campus in Atlanta. It aims to ...
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NewsTerms agreed for SNC-Lavalin to buy Atkins
WS ATKINS: The boards of WS Atkins plc and SNC-Lavalin Group Inc of Canada announced on April 20 that they had agreed terms for SNC-Lavalin to acquire the entire issued share capital of Atkins. This values Atkins at £2∙1bn and represents a premium of 35% on the closing price of ...
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NewsRailway supply industry news round-up
A record 470 people took part in HaCon‘s 20th annual HAFAS multi-modal route planning and booking software user conference in Hannover this month, attending lectures and workshops covering trends including bots, big data and mobility as a service. Google presented software that compiles real-time data from across New York MTA’s ...
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Metro Report InternationalCourt backs Bombardier in Ontario LRV dispute
CANADA: Ontario provincial transport authority Metrolinx cannot immediately cancel a contract with Bombardier Transportation for the supply of 182 light rail vehicles without compensating the manufacturer, a court ruled on April 19.Metrolinx had launched legal proceedings against Bombardier over what it claimed were a series of delays to the production ...
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NewsUnited Wagon announces additional public share offering
RUSSIA: United Wagon Co has announced plans for a secondary public offering of ordinary shares on the Moscow stock exchange. UWC intends to place up to 2·5 million additional shares from the end of April. The exact dates are to be confirmed, and the price would be determined by the ...
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NewsTransmashholding sales up
RUSSIA: Rolling stock manufacturing group Transmashholding has announced that its sales in 2016 were up 22% year-on-year to 120bn roubles. The largest increase was in the electric multiple-unit sector, with sales up 49% from 174 to 259 cars. Sales of double-deck coaches increase 23% from 70 to 86, while ...
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NewsRailway supply industry news round-up
Bombardier and Siemens are discussing a potential combination of their rail activities, Bloomberg and Reuters reported on April 11. The wagon leasing market continues to improve in Europe and is growing in Asia, container, modular building, barge and wagon leasing company Touax said when announcing its annual results on March ...
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NewsGE Transportation acquires 50% stake in Kazakh loco manufacturer
KAZAKHSTAN: GE Transportation announced on April 12 that it had completed the purchase of a 50% stake in locomotive manufacturer Lokomotiv Kurastyru Zauyty from national railway KTZ. Formed in 2009 as a 50:50 joint venture between KTZ and Russian rolling stock manufacturing group Transmashholding, LKZ produces GE Evolution Series ...
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NewsWeedfree orders weed killing train
EUROPE: Weedfree On Track is investing £2m in a second weed killing train, backed by a £300 000 debt funding package from Enterprise Ventures SME Loans and £200 000 from Finance Yorkshire's Business Loans fund. The vehicles are to be supplied by Hungarian company Gaal-Gaal, which supplied Weedfree's existing ...
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NewsElectrification fabrication facility to support just-in-time delivery
UK: VolkerRail and Unipart Rail have opened a third overhead electrification equipment preassembly facility, to support phase three of Network Rail's 25 kV 50 Hz North West Electrification Programme. VolkerRail said precision prefabrication at the site in Crewe would ensure the just-in-time delivery of electrification equipment, with a high degree ...
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NewsJP Morgan buys Beacon Rail
BEACON RAIL: An agreement has been signed for JP Morgan Asset Management to acquire the Beacon Rail rolling stock leasing business from Pamplona Capital Management for around €1bn. Completion of the deal is expected shortly. Beacon Rail Leasing is based in Luxembourg, with offices in Boston and London. Pamplona had ...
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NewsFirst locomotive modernisation completed
USA: Motive Power Resources has rolled out the first locomotive to be modernised at its recently-completed heavy overhaul and repair facility in Minooka, Illinois. The EMD SD38 locomotive for Ardent Mills in Easton, Pennsylvania, has been refurbished with new mechanical components and a ZTR Nexus control system. The ...
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NewsRailway supply industry news round-up
Novocherkassk Electric Locomotive Plant has obtained certification for the use of its DTK-417K traction motors in the Eurasian Customs Union countries. Designed for use on TMH Bryansk type 2TE25KM, TEM18DM and 3TE25K2M diesel locomotives, these will replace motors previously imported from Ukraine. The Greenbrier Companies received orders for 700 wagons ...
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NewsBritish Steel opens Italian logistics centre
ITALY: British Steel has opened a logistics centre in Lecco to support the delivery of rail to customers including infrastructure manager RFI. 'This operation will enable us to enhance our ability to serve rail networks in Italy by providing a full range of high quality long-length rail with just-in-time and ...