Railway supply industry news – Page 108
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News$1bn wagon agreement signed
USA: A multi-year wagon supply and management agreement worth more than $1bn was announced by The Greenbrier Companies and Mitsubishi UFJ Lease & Finance Co on April 5 MUL President & CEO Tadashi Shiraishi said the leasing company had set an ‘ambitious’ target to grow its market share to become ...
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NewsShift2Rail funding call oversubscribed
EUROPE: Proposals for research projects valued at almost €200m have been submitted in response to this year’s Shift2Rail Call for Proposals, which closed at the end of March. The 60 applications from groups representing 412 organisations have a total value of €192·8m, with requests for funding totalling €136·5m, equivalent to ...
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NewsTracsis buys stake in Vivacity
UK: Transportation data software supplier Tracsis announced on April 4 that it had taken a stake in Vivacity Labs, a provider of data for smart cities and intelligent transport systems. Tracsis is investing up to £1m, subject to performance milestones, through a tranched equity funding mechanism in return for ...
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NewsStadler proposes move from Altenrhein to St Margrethen
SWITZERLAND: Rolling stock manufacturer Stadler confirmed on April 4 that it was evaluating options to replace its Altenrhein site with a new plant at nearby St Margrethen. The new facility would be optimised for the production of Kiss double-deck vehicles, unlike the current leased facility at Altenrhein, which Stadler said ...
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NewsBeijing Dinghan Technology buys SMA Railway Technology
GERMANY: Beijing Dinghan Technology Co has acquired Kassel-based auxiliary convertor manufacturer SMA Railway Technology from SMA Solar Technology on undisclosed terms. Operational and corporate responsibility will remain in Kassel, with SMA Railway continuing to operate under its own name and with its existing management. SMA Railway Technology said the deal ...
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NewsDigital freight train partnership formed
FRANCE: SNCF Logistics and maritime freight technology company Traxens have announced a partnership to develop technology for monitoring and real-time tracking of freight trains. This follows a year of research and testing of digital equipment for use in the rail environment. The project is to be launched at the Transport ...
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NewsRailway supply industry news round-up
CRRC and KiwiRail signed a letter of intent to expand their co-operation during a visit to New Zealand by Chinese Premier Li Keqiang on March 27. Chinese companies have delivered diesel locomotives and wagons to New Zealand since 2009, and future projects could involve the passenger rolling stock sector. Northland ...
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News
Railway supply industry responds to Article 50 notification
UK: Responding to the UK’s formal notification on March 29 of its intention to withdraw from the European Union, the Railway Industry Association which represents manufacturers and service providers said it would be ‘engaging with government to ensure that the UK railway supply industry’s needs are represented’. ‘Brexit presents the ...
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NewsRailway supply industry news round-up
Wagon manufacturer WBN Waggonbau Niesky has reported a record order intake of €137m for 2016, with 90% of new orders coming from Europe and 10% from Asia. Last year exports accounted for 70% of the €56·5m worth of products delivered. EBITDA was up 15·4% year on year to €4·4m. ...
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NewsTransdev wins Rhein-Ruhr ticketing contract
GERMANY: Following a European tender, Rhein-Ruhr transport authority VRR has awarded Transdev a contract to manage its ticket distribution systems for 11 years from December 1 2019, when the current contract held by Deutsche Bahn ends. The public transport services covered carry around 4 million passengers on a typical weekday. ...
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Metro Report InternationalRhein-Ruhr ticketing contract awarded
GERMANY: Following a European tender, Rhein-Ruhr transport authority VRR has awarded Transdev a contract to manage its ticket distribution systems for 11 years from December 1 2019, when the current contract held by Deutsche Bahn ends. The public transport services covered carry around 4 million passengers on ...
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Metro Report InternationalCRRC begins construction of Chicago factory
USA: CRRC Sifang America held a groundbreaking ceremony for its rolling stock assembly plant in Chicago on March 16. CRRC intends the 35 390 m2 factory in the Hegewisch district of southeast Chicago to become its North American assembly hub. Chicago Transit Authority awarded CRRC Sifang a framework contract ...
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NewsRailway supply industry news round-up
Trimble and video system suppler Railhead Corp have announced a partnership to integrate real-time remote monitoring, diagnostics and on-board video to maximise locomotive asset utilisation. Railhead will also offer Trimble’s R2M remote diagnostic system in the US market. Currently in widespread use in Europe, R2M processes multiple data feeds from ...
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NewsNRE to modernise Connecticut DOT locos
USA: Connecticut Department of Transportation has awarded NRE a five-year contract to modernise and extend the operating lives of six EMD GP40-2H diesel locomotives dating from the 1970s which are used on commuter services. NRE said it would be able to produce 90% of the content in-house. Marketing Director Brandon ...
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NewsWabtec buys component manufacturer with underground headquarters
USA: Wabtec Corp has acquired Aero Transportation Products, which manufactures rolling stock components including glass fibre, aluminium and steel covers and doors for hopper wagons. ATP’s headquarters are located underground in a former limestone mine at Independence, Missouri, where the consistent temperature and humidity is ideal for glass fibre manufacturing. ...
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NewsChinese proposal to bail out crisis-hit Bulgarian railway
BULGARIA: China Railway Rolling Stock Corp has submitted a proposal to make a significant investment in national rail operator BDZ Holding, caretaker Minister of Transport, Information Technology & Communications Hristo Alexiev has announced. The March 9 announcement came after the ministry made a series of decisions and management changes ...
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NewsWabtec closes Faiveley Transport share tender
WABTEC: On March 10 Wabtec Corp announced that it had successfully closed its additional cash tender offer and exchange offer for Faiveley Transport shares. As a result, Wabtec France has acquired an additional 2 859 191 Faiveley Transport shares; 2 856 110 with cash and 3 081 which were exchanged ...
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NewsRailway supply industry news round-up
East Japan Railway has announced that its third European Suppliers Tour will visit München on May 16 and Brussels on May 18, offering companies the chance to discuss business opportunities in areas including, but not limited to, rolling stock, track and signalling. Smiths Group has unified its EMC Technology, ...
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NewsStrategic contracts bring positive results for Talgo
SPAIN: Rolling stock supplier Talgo SA has reported a 3·8% year-on-year increase in profit to €61·9m in 2016, with net turnover up 11·3% to €579·8m. CEO José María Oriol said 2016 had been ‘a year of positive results and business performance’. Pointing out that turnover and operating margins depend on ...
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NewsVTG reports an 'exciting and eventful year'
EUROPE: Synergies following the acquisition of AAE and improved efficiency across the business meant wagon leasing and rail logistics company VTG AG saw a 2·6% rise in operating profit to €345·3m in 2016, despite a 4·0% fall in revenue to €986·9m. Announcing the company’s preliminary results on March 7, CEO ...