Railway supply industry news – Page 78
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NewsRicardo acquires Australian consultancy under diversification strategy
AUSTRALIA: Ricardo plc has signed a share purchase agreement to acquire rolling stock life cycle management and technical services consultancy Transport Engineering Pty Ltd. The deal announced on May 14 is expected to be completed by the end of June, with the company then operating under the Ricardo brand as ...
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NewsRailway supply industry news round-up
Wien climatic wind tunnel operator Rail Tec Arsenal has split its Project Execution division into separate Rail & Road Vehicles and Aviation & Technical Systems divisions, to cater for the different needs of the sectors. Harting Technology Group has commissioned a robot which simulates real-world operating conditions to test inter-vehicle ...
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NewsPPF sells minority stake in Škoda Transportation
ŠKODA TRANSPORTATION: Petr Kellner’s investment business PPF Group announced on May 7 that it had sold a 10% stake in Škoda Transportation to an entity controlled by Michal Korecký. The price was not disclosed. Korecký had been one of the nine co-owners of Škoda Transportation until PPF completed the €326m ...
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News
Stadler inaugurates Salt Lake City factory
USA: Vehicles being built for Caltrain and TEXRail were used to re-enact the completion of the transcontinental railway at Promontory Summit 150 years before as part of celebrations marking the official inauguration of Stadler US Inc’s factory in Salt Lake City on May 9. ‘It seems fitting that as we ...
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Metro Report InternationalUrban mobility a feature of FS Group’s investment plan
ITALY: State railway holding FS Group Chief Executive Gianfranco Battisti unveiled an ‘unprecedented’ spending programme on May 10, with €58bn to be invested across various modes in 2019-23. A total of €28bn is to be spent on rail infrastructure and €14bn on the strategic road network through FS Group’s ...
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Rail Business UKRailtex 2019 attracts more than 400 exhibitors from 22 countries
The UK’s premier exhibition of railway equipment, systems and services takes place in Birmingham this week
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News‘Exceptional commercial momentum’ at Alstom
ALSTOM: ‘Alstom benefited from an exceptional commercial momentum this year with a record level of order intake at €12bn, including two major contracts with the renewal of the very high speed train fleet in France and the metro system project for Montréal’, said Chairman & CEO Henri Poupart-Lafarge on May ...
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NewsSNCF business to invest in start-ups
FRANCE: SNCF is to establish a subsidiary branded 574 Investments to manage its involvement with technology start-ups. The name refers to the 2007 world rail speed record set by a modified TGV. SNCF has already invested in four funds dedicated to supporting young technology companies, but 574 Investments ...
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Metro Report InternationalScomi Rail ordered to wind up
MALAYSIA: The High Court ordered the winding-up of monorail manufacturer Scomi Rail on May 6. The order follows Scomi Rail defaulting on debts to Maybank and Voyage Logistics International (Malaysia). The property of the Scomi Engineering subsidiary, which had a net book value of just under 507m ringgit on ...
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NewsRailway supply industry news round-up
Finnish company Roadscanners has sold its rail division, including its Rail Doctor software and related intellectual property rights, to the Loram Finland subsidiary of US-based Loram Maintenance of Way. ‘Roadscanners’ expertise and its cutting edge analysis software have been instrumental in the acceptance and growth of ground penetrating radar in ...
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NewsFinancing agreed for high speed line PPP
CHINA: A consortium led by the Fosun conglomerate has agreed a 28·1bn yuan loan package with a group of banks to finance the construction of the first high speed line in China to be built and operated under a PPP concession. The 269 km Hangzhou – Shaoxing – Taizhou line ...
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Metro Report InternationalRailway supply industry news round-up
PKP Cargo has signed a letter of intent with Poland’s Industrial Development Agency for co-operation in setting up a wagon factory near Rzeszów. Greenbrier subsidiary Wagony Świdnica is expected to sign a letter of intent soon, allowing a fuller agreement to be signed by the end of the year. Eight ...
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NewsBombardier Transportation synchronises production to customer requirements
BOMBARDIER: Announcing its first quarter results on May 2, Bombardier said revenues at the Transportation business totalled US$2·1bn, 5% down year-on-year excluding currency impacts. It said this reflected a slower production ramp-up on certain large projects as it ‘better synchronises its production output to customer requirements and delivery schedules‘. ...
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Rail Business UKTracsis acquires timetabling software specialist Bellvedi
TRACSIS: Transport software supplier Tracsis Group announced its acquisition of timetabling tool specialist Bellvedi Ltd on May 1. UK-based Bellvedi’s ATTUne planning and ATTUne4C on-the-day control platforms are used by train operators, infrastructure manager Network Rail, franchise bidding teams and consultancies for planning and validating timetables. ‘Tracsis has known ...
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NewsOperail switches workshop focus from wagon repairs to locomotives
ESTONIA: Freight group Operail’s supervisory board has approved the management’s proposal for changes at the Tapa depot which will direct resources towards locomotive rebuilding activities rather than wagon repairs. Repair activities at the site have not been profitable in recent years because of the extent to which work depends ...
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NewsCRRC launches rolling stock finance business
CHINA: CRRC and Tianjin Trust Co have launched a financial leasing subsidiary with the aim of expanding the rolling stock manufacturing group’s export activities and supporting the government’s Belt & Road Initiative. Target market sectors include high speed trainsets, high-power locomotives, wagons and urban rail vehicles. CRRC Financial Leasing Co ...
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Metro Report InternationalCRRC launches rolling stock finance business
CHINA: CRRC and Tianjin Trust Co have launched a financial leasing subsidiary with the aim of expanding the rolling stock manufacturing group’s export activities and supporting the government’s Belt & Road Initiative. Target market sectors include urban rail vehicles, as well as high speed trainsets, high-power locomotives and wagons. CRRC ...
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NewsNS ends Irish-registered rolling stock leasing activities
EUROPE: The Irish-registered NS Financial Services Co subsidiary of Dutch national train operator NS has sold its final assets and ceased operating, NS announced on April 25. The fleet of 54 Alstom Coradia Lint 41 diesel multiple-units used by NS subsidiary Abellio Rail Mitteldeutschland on Diesel Netz Sachsen-Anhalt services in ...
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Rail Business UKAventra EMU cybersecurity assessed
UK: Ricardo and Roke Manor Research are working with Bombardier Transportation’s in-house teams to produce a full appraisal of the digital security risk profile of Aventra electric multiple-units, looking at their exposure to a range of possible threats from espionage to remote hacking. This is intended to provide Bombardier Transportation's ...
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NewsRailway supply industry news round-up
On April 24 Wabtec marked the delivery to CN of the 1 000th Evolution Series Tier 4 locomotive to be produced at the former GE Transportation plant in Fort Worth, Texas. ‘This achievement underscores our bold decision in 2013 to develop a Tier 4 locomotive’, said Rafael Santana, Chief Executive ...