Railway supply industry news – Page 33
-
NewsGATX supports MagRail Booster linear motor wagon test
POLAND: Hyperloop and maglev technology developer Nevomo is to use conventional wagons supplied by GATX Rail Europe to test its MagRail Booster concept for retrofitting existing rolling stock to enable linear motor propulsion. The aim is to provide faster acceleration and additional power on steep gradients ...
-
NewsGIC becomes majority shareholder in Railpool
GERMANY: Singapore’s foreign reserves investor GIC has become the majority shareholder in rolling stock leasing company Railpool, following the acquisition of a further 27% stake from co-owner German infrastructure investor Palladio Partners which takes GIC’s stake to 77%. ‘Railpool has delivered strong business performance since our ...
-
-
Rail Business UKNo fee promise as ‘nimble and ambitious’ challenger enters rail ticketing market
UK: ‘This is the perfect time for a nimble and ambitious player to challenge the status quo’ says James Dunne, CEO of Australian company Rail Online which has announced its entry into the National Rail ticket retailing market with a platform offering no booking fees and automated aftersales functions.
-
Rail Business UKGoole rolling stock component facility opened
UK: Siemens Mobility has opened a £7m components facility at its Goole site for the maintenance of train and tram parts including gearboxes, traction motors, fans and HVAC. The 4 000 m2 components facility was built by local contractor GMI to replace ...
-
NewsUS and Canadian rail contractors join forces
NORTH AMERICA: US rail infrastructure contractor American Track Services has acquired Canadian company Universal Rail Systems from investors led by TorQuest Partners.
-
NewsTrack machine production underway in India
INDIA: Sinara Transport Machines has completed the first Work Site Tamper to be assembled at the SAN Engineering & Locomotives factory in Bengaluru. Tampers and 19 ballast regulators for Indian Railways are being assembled from kits with the Russian company’s local partner under the government’s Make ...
-
-
Rail Business UKSeatfrog secures £6m investment for European expansion
UK: Ticketing app developer Seatfrog has secured £6m of investment to support planned expansion across Europe. The growth funding round was backed by investors Pembroke, Praetura and Octopus Ventures, and advised by FinnCap’s Private Growth Capital team. Seatfrog launched in 2018, initially offering a way for ...
-
-
Rail Business UKConcrete sleeper plant expanded
UK: Cemex has completed a ‘significant’ investment to increase the capacity and capabilities of its concrete switch and crossing bearer plant at Somercoates in Derbyshire. The expansion will enable the site to produce an additional 18 000 linear metres of bearers every year. The existing stressing ...
-
NewsStadler agrees Portuguese rolling stock production joint venture
PORTUGAL: Stadler has signed an agreement with commercial vehicle supplier Salvador Caetano to develop a rolling stock assembly plant and a servicing hub in Portugal.
-
-
NewsCPK acquires rail infrastructure contractor Torpol
POLAND: Railway, road and airport infrastructure project promoter Central Port Komunikacyjny has completed the purchase of a 38% controlling stake in rail infrastructure contractor Torpol from state-owned investor Towarzystwo Finansowe Silesia. The deal was signed on April 5 following regulatory approval. ‘The most important benefit of ...
-
NewsErmewa Group rebrands as Streem
FRANCE: Wagon and tank container management business Ermewa Group has rebranded as Streem, and announced an aim to double its revenues by 2030. ‘The evolution of the Ermewa Group brand is a key strategic shift’, said CEO David Zindo on April 11. ‘This new name reflects ...
-
NewsSiemens Mobility expands locomotive manufacturing and services site
GERMANY: Siemens Mobility is expanding its locomotive manufacturing and services plant in München-Allach.
-
NewsJoint venture offers rail asset digitisation by drone
AUSTRIA: SmartDigital Group and Plasser Group’s Digital Railway Solutions have formally established the Dynamic Rail Utilities Monitoring joint venture which will use unmanned aircraft and AI to build digital models of rail infrastructure assets. ‘With SmartDigital we are able to digitise a route from the air ...
-
NewsLease information module added to fleet management software
USA: Railinc’s TransmetriQ has added a Lease Management module to its wagon asset management software, providing wagon owners and lessees with a central location for storing detailed lease information such as renewal dates and repair responsibilities. ‘The new module addresses a lack of visibility to lease ...
-
-
NewsStadler sees growth amid the turmoil
Continuing the remarkable expansion of recent years, Swiss-based Stadler remains profitable as it pivots towards the signalling sector. Toma Bačić reports from the company’s headquarters in Bussnang.