Railway supply industry news – Page 66
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NewsRolling stock leasing companies exposed to effects of prolonged lockdowns
Government support for train operators will protect the short-term cash generation of rolling stock leasing companies during coronavirus lockdown periods, but there could be pressure on their revenue base once the restrictions are lifted, warns Christian Kuendig, Senior Director, Non-Bank Financial Institutions, at Fitch Ratings.
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NewsInnoTrans 2020 moved to new date
INNOTRANS: Organiser Messe Berlin has rescheduled the InnoTrans 2020 trade fair, the biggest event in the rail industry calendar. The Messe Berlin venue has more than 3 km of outdoor tracks for rail vehicles to be displayed. InnoTrans 2020 was to have ...
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NewsEgypt, Russia and Hungary complete coach financing agreement
EGYPT: The €1bn multilateral agreement to finance Egyptian National Railways’ purchase of 1 300 Transmashholding coaches over five years has come into force, the Russian supplier announced on April 21. The chair of the ENR board has received the official loan authorisation notice from the Hungarian ambassador, ...
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Metro Report InternationalSingapore to build Integrated Train Testing Centre
SINGAPORE: Land Transport Authority has awarded GS Engineering & Construction Corp a S$639·5m contract to design and build an Integrated Train Testing Centre. LTA said this would be the first of its kind in Southeast Asia, and ‘the cornerstone of Singapore’s strategy to sustain rail reliability ...
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NewsInfrastructure investment fund acquires Italian freight operator CFI
ITALY: Infrastructure fund manager F2i SGR and Ania, the National Association of Insurance Companies, have announced the acquisition of a 92·5% stake in independent freight operator Compagnia Ferroviaria Italiana. The remaining 7·5% is held by founding shareholder Giacomo Di Patrizi, who remains as CEO. CFI was founded ...
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Rail Business UKVampire rolling stock dynamics modelling software finds a new home
UK: SNC-Lavalin has acquired the rights to to develop, support and licence the Vampire Pro software which is used model the dynamic behaviour of railway vehicles in response to track and other external forces. This follows Resonate’s decision to withdraw from vehicle dynamics consultancy, and to ...
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NewsAustralian railway radio contract stopped by US trade restrictions
AUSTRALIA: Western Australia’s Public Transport Authority has dropped plans for the HUGL consortium of Huawei Australia and UGL to undertake its Radio Systems Replacement project, saying trade restrictions imposed on Huawei by the US government had created a force majeure event under the contract which the parties ...
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NewsSentiment analysis to help train operators understand passenger feedback
FEEDBACK: On-train infotainment provider GoMedia is to use sentiment analysis software from Wordnerds to help train operators make sense of passengers’ comments in social media posts, online reviews, surveys and forums. ‘We are developing a range of digital solutions to give operators timely data, so that they ...
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NewsRailway supply industry news round-up
Wabtec is working with Tronix3D to produce face shields for Pennsylvania healthcare provider Excela Health. ‘As a 150-year-old member of the greater Pittsburgh community, we have a responsibility to support our first responders during these unprecedented times’, said Wabtec President & CEO Rafael Santana. ‘Wabtec and Tronix3D ...
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NewsGreenbrier suspends wagon manufacturing at Gunderson site
USA: The Greenbrier Companies has suspended wagon manufacturing at its Gunderson site in Portland, Oregon, owing to the economic impacts of Covid-19. The announcement on April 16 came a week after Greenbrier Gunderson ended production on its double-stack intermodal line, which has run nearly continuously for 25 ...
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NewsRailway supply industry news round-up
Cyient has entered into a ‘long term strategic engagement’ with Hitachi Rail which will see it develop and operate sites in Hyderabad and Bangalore in India and Pennsylvania in the USA to provide engineering services such as application logic and hardware design, software configuration, verification and validation ...
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NewsALLRAIL calls for action to save new passenger train operators
EUROPE: The coronavirus pandemic is ‘annihilating’ the business cases of many independent passenger operators, and without urgent action the first bankruptcies could be seen this month, the ALLRAIL association of new entrants to the rail market has warned. On April 9 ALLRAIL said the ‘understandable’ decision to ...
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NewsTwo goals for Greenbrier in the Covid-19 crisis
GREENBRIER: Wagon manufacturer The Greenbrier Companies has two primary goals during the coronavirus pandemic, Chairman & CEO William A Furman said when presenting its Q2 results on April 7. These are ‘protecting the safety and health of employees and preserving the economic well-being of our enterprise in ...
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NewsZTR and BlackBerry partner to launch rail asset monitoring platform
MONITORING: Locomotive modernisation technology specialist ZTR and security software company BlackBerry have launched a remote wagon monitoring system designed to provide operators with greater insights into the fleets. Monitoring devices offer a long battery life in the rough railway environment, while the online dashboard provides location, utilisation ...
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NewsWagon repair company reports successful first year
CZECH REPUBLIC: Wheelset and wagon component repair and maintenance company Vítkovické Železniční Opravny has recorded earnings just under KC120m in its first year of operation. VŽO is part of the CE Industries group owned by Jaroslav Strnad, and has invested in developing a ...
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NewsRailway supply industry news round-up
Knorr-Bremse suspended its guidance for the 2020 financial year on March 27, saying the effects of the Covid-19 crisis had rendered numerous assumptions obsolete. It said a rapid recovery in China, where Knorr-Bremse’s plants have resumed 97% of their operations, showed that with appropriate measures delivery capacity ...
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NewsRussian Railways pulls out of Iranian infrastructure work
IRAN: Russian Railways confirmed on April 2 that it had ceased work on infrastructure projects in Iran, and was to close its Tehran office. As part of this, its overseas engineering business RZD International has ceased work to electrify and increase capacity on the 495 km route ...
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NewsRailway supply industry news round-up
Stucki Roller Bearing has opened a plant in Lincoln, Nebraska, to meet growing demand for reconditioned bearings for locomotive, wagon and passenger transport applications. SRB’s second facility has nearly 40% more space than its primary location in Elizabethtown, Kentucky. ‘In addition to adding space to support our ...
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Rail Business UKTracsis acquires ticketing software specialist iBlocks
UK: Transport software company Tracsis plc has acquired smart ticketing, back office and automated delay repay specialist iBlocks. Tracsis said the acquisition would support its objective of strengthening its rail product portfolio in areas where it can offer a unique market proposition. The company would gain access ...
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Metro Report InternationalAmsterdam chooses HASTUS planning software
Amsterdam NETHERLANDS: Amsterdam city transport operator GVB has selected GIRO’s HASTUS software to support all its network and service planning, crew and vehicle scheduling, and operations management, including the integration of electric buses into its fleet. GVB has almost 5 000 employees and operates 203 buses, 200 ...