Railway supply industry news – Page 29
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NewsProgress Rail sues Wabtec alleging breach of contract and damaging statements
USA: Locomotive manufacturer Progress Rail has initiated legal action against competitor Wabtec, alleging monopolistic conduct.
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NewsOpen access start-up Le Train raises funding
FRANCE: Aspiring open access operator Le Train has raised a further €8m to support its plans to launch passenger services from Bordeaux to Angoulême, Poitiers, Tours, Nantes and Rennes. The funding was raised from Aquiti Gestion, Charente Périgord Expansion, Naco and Tudigo, joining existing investors Crédit ...
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NewsOrigami train manufacturing plan
SWEDEN: Alstom is investigating how origami-inspired manufacturing techniques from Stockholm-based design and technology company Stilfold could be used to make rolling stock production more sustainable. Stilfold’s patented ‘industrial origami’ inspired by the Japanese art of paper folding involves the use of robotic arms to fold flat ...
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Rail Business UKCarbon reduction standard helps make HS2 trains ‘leaner and greener’
UK: Hitachi Rail says it is the first train manufacturer to attain BSI’s PAS 2080 standard for carbon management in infrastructure. This follows an assessment of the full life-cycle of the 54 trainsets it is to supply for High Speed 2 through a joint venture of ...
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Rail Business UKKier acquires Buckingham Group’s rail division
UK: Kier Group has agreed to acquire substantially all the rail assets of Buckingham Group Contracting, including High Speed 2 contracts. Buckingham went into administration on September 4, after announcing the previous month ‘deep losses and interim cash deficits’ incurred on the three stadium and arena ...
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Metro Report InternationalWashington metro issues Sustainability-Climate Transition bonds
USA: Washington Metropolitan Area Transit Authority has raised $797·8m through the sale of bonds with an International Capital Market Association Sustainability-Climate Transition designation. The proceeds of the bond sale which settled on August 17 will be used to fund capital projects with environmental and social benefits, ...
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Rail Business UKCompetition & Markets Authority narrows concerns over Hitachi acquisition of Thales signalling business
UK: Hitachi Rail’s planned €1·7bn acquisition of Thales’ Ground Transportation Systems business would not result in a substantial lessening of competition in the UK communications-based train control market, the Competition & Markets Authority says in an update of its provisional conclusions on the transaction. The announcement ...
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NewsRail projects tax exemption will be ‘gigantic incentive’
BRAZIL: The National Council for Finance Policy has approved a proposal to exempt rail investment projects from a tax on the circulation of goods and transport and communication services, known as ICMS. The transport ministry expects the decision on August 9 to foster demand for rolling ...
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NewsSiemens Mobility begins construction of $220m North Carolina factory
USA: A groundbreaking ceremony on August 23 launched construction of Siemens Mobility’s future passenger rolling stock manufacturing and services facility in Lexington, North Carolina. The $220m plant will produce passenger coaches and overhaul locomotives and hauled stock. It is scheduled to open in 2024, and is ...
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NewsCzech-backed joint venture to target Indian rail and metro market
INDIA: Škoda Group and automotive components manufacturer Tata AutoComp Systems have signed a memorandum of understanding setting out plans for a strategic joint venture to supply the Indian rail, metro and bus sectors. The Czech electrical engineering group said partnering with an established Indian company would ...
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NewsKnorr-Bremse agrees Kiepe Electric sale
GERMANY: A definitive agreement has been signed for Knorr-Bremse to sell its Kiepe Electric business to Heramba GmbH and Heramba Holdings. Kiepe Electric produces drive, control and battery charging systems for electric rail and road vehicles, with more than 580 employees in six countries and 2022 ...
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Metro Report InternationalUnicard adds EMV ticketing capabilities with Ecebs acquisition
UK: Transport ticketing and payment company Unicard has added contactless EMV payment to its portfolio with the acquisition of smart ticketing business Ecebs from Visa. Unicard has also signed an agreement to use Visa’s Cybersource global payments platform. This gives Unicard an opportunity to offer services ...
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NewsNSW TrainLink booking system contract awarded
AUSTRALIA: Transport for New South Wales has commissioned Estonian company Turnit and its local partner Spiketech to supply a replacement booking system for NSW TrainLink long-distance services. This will provide an end-to-end digital platform to plan, book and pay for regional train and coach services used ...
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Rail Business UKWagon component supplier forms partnerships
UK: CWE Ltd has signed a framework agreement to supply new and refurbished parts and services for DB Cargo UK’s locomotives and wagons, and has also partnered with MCL Rail to provide wagon maintenance services. The 12-month agreement with DB Cargo UK is the two companies’ first ...