Railway supply industry news – Page 82
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Rail Business UKMaritime Transport to operate East Midlands freight interchange
UK: Maritime Transport has signed a 25-year lease to operate the Strategic Rail Freight Interchange which SEGRO is developing at its East Midlands Gateway logistics park in Castle Donington. The 9 ha terminal to be completed this year will be capable of handling 16 trains/day up to 775 m long, ...
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NewsLittle change in Indian railway results
INDIA: With parliamentary elections due to be held in around three months, the national budget presented on February 1 offered little prospect of significant steps being taken to address the structural deficiencies afflicting the national railway, reports Raghu Dayal. Presented by Railways Minister Piyush Goyal in the absence of ...
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NewsLinfox acquires Aurizon’s Queensland Intermodal business
AUSTRALIA: Aurizon completed the sale of its Queensland Intermodal business to logistics group Linfox on January 31, with the first train under the new management leaving Brisbane for Mackay on February 1. ‘The acquisition is the culmination of two decades of effort by Linfox to expand its rail network in ...
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NewsRailway supply industry news round-up
The Economic Partnership Agreement between the EU and Japan entered into force on February 1, removing a number of non-tariff barriers and obstacles to procurement in the rail sector. Liebherr, Pinghu Municipal Government and the Pinghu Economic & Technological Development Zone signed an agreement on January 29 which will see ...
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NewsNorfolk Southern announces improved financial performance
USA: ‘Norfolk Southern’s financial results in 2018 clearly demonstrate improved financial performance and our commitment to delivering shareholder value’, said NS Chairman, President & CEO James A Squires when presenting the railway’s annual results on January 24. s ‘Our confidence to deliver improved value to our shareholders – as underscored ...
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News'Record by almost every measure' in Canadian Pacific's 'watershed' year
CANADA: ‘2018 was a record by almost every measure and will be remembered as a watershed year for our company’, said Canadian Pacific Railway Ltd President & CEO Keith Creel when presenting the operator’s results for the 2018 calendar year on January 23. ‘Our record operating results are proof that ...
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NewsVirgin Trains USA launches IPO
USA: Private sector inter-city rail project promoter Virgin Trains USA announced an initial public offering of 28·3 million shares of common stock on January 30. The expected price is between $17 and $19 per share. The shares are to be listed on the Nasdaq Global Select Market. Prior to the ...
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News‘No certainty' that European Commission will approve updated Siemens Alstom proposal
SIEMENS ALSTOM: Siemens Mobility and Alstom have submitted a revised proposal to address the European Commission’s competition concerns regarding their proposed merger. This comes amid widespread reports that the Commission may block the proposed merger when it makes its final decision on February 18. On January 28 Alstom said the ...
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NewsAcciona cleared to take stake in Spanish open access company ILSA
SPAIN: Competition authority CNMC has granted approval for infrastructure construction group Acciona to acquire a controlling stake in open access passenger service promoter Intermodalidad de Levante, which was founded by Valencia-based regional airline Air Nostrum. ISLA is developing plans to launch a passenger service between Madrid in Spain and Montpellier ...
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NewsGE to have bigger stake in Wabtec under modified merger terms
USA: Wabtec Corp and GE Transportation announced a modification to the terms of their merger agreement on January 25. The transaction is expected to close by the end of February, subject to the satisfaction or waiver of customary closing conditions. Under the modified arrangement, GE will complete the spin-off of ...
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Rail Business UKJoint venture to develop Cardiff Parkway station
UK: The Welsh government is to work with private investors to develop a Cardiff Parkway park-and-ride station at St Mellons, close to the M4 and around 8 min by rail from Cardiff or Newport. The government will become a shareholder and investor in the South Wales Infrastructure Ltd joint venture ...
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NewsRailway supply industry news round-up
The European Commission has launched ‘targeted consultations’ to explore how to increase the international role of the euro in specific sectors including railway manufacturing. This is a follow-up to the December 2018 publication Towards a stronger international role of the euro, which the Commission said outlined ‘the benefits of a ...
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NewsRail fare integration and ride-sharing at heart of Lille transport relaunch
FRANCE: Suburban rail fare integration is among the measures being introduced under a comprehensive reorganisation of the public transport network around Lille to be implemented on January 28. According to the municipality, seven TER suburban rail routes operated by SNCF Mobilités will be integrated into the fare ...
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NewsHitachi completes Ansaldo STS takeover
ITALY: Trading in Ansaldo STS shares is to be suspended on January 28-29, and the shares will be delisted from the Italian stock exchange with effect from January 30, the company announced on January 21. The move marks the completion of the takeover the international signalling group by Hitachi Rail ...
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NewsRailRunner Europe files for insolvency
GERMANY: RailRunner Europe GmbH has filed for insolvency, with the bankruptcy court of Hamburg appointing Dr Susanne Riedemann of specialist law firm Prof Dr Pannen Rechtsanwälte as preliminary insolvency administrator on January 18. The RailRunner Europe management said they intend to reorganise and restructure the company. The European subsidiary ...
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NewsITxPT standard helps Pilotfish enter the rail IT market
NETHERLANDS: Swedish company Pilotfish is to work with German firm IVU Traffic Technologies to supply its vehicle gateway units and a back-office system for the 18 new Stadler WINK and 51 refurbished GTW diesel multiple-units which Arriva is to operate on regional routes in Friesland and Groningen under the Noordelijke ...
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NewsRailway supply industry news round-up
Strukton Rail increased its stake in the Italian rail contractor CLF Group from 60% to 100% with the acquisition of 40% of the shares from Unieco on January 14. Strukton Rail has been a shareholder of CLF since 1998 and became the majority shareholder in 2013. Banco BPM SpA acted ...
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NewsErmewa buys intermodal wagon fleet
EUROPE: SNCF’s wagon leasing subsidiary Ermewa announced on January 14 that it had acquired the intermodal fleet of Macquarie European Rail. The fleet comprises almost 600 vehicles made up of 60 ft, 80 ft and 90 ft container wagons. Ermewa says that the acquisition would ‘further strengthen’ its position in ...
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NewsAlstom joint venture to maintain RENFE trainsets
SPAIN: National operator RENFE has renewed three contracts for Alstom to undertake the full maintenance of 15 S-104 Avelia Pendolino high speed trainsets and to provide preventive, predictive and corrective maintenance of 106 suburban multiple-units The contracts have a total value of €125m, with the work to be undertaken by ...
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NewsWabtec and GE Transportation expect to merge in first quarter
USA: The US Department of Justice has closed its review of the pending merger of Wabtec and GE Transportation, the companies announced on January 15. General Electric announced in November 2017 that its was looking to dispose of its Transportation business, and a definitive merger agreement with Wabtec was announced ...