Railway supply industry news – Page 85
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NewsRailway supply industry news round-up
FreightCar America has announced revenue of $79·0m and a net loss of $6·2m for Q3 to September 30. It delivered 498 new and 390 rebuilt wagons, and its order backlog totalled 1 911 wagons worth $167m. 'While we continue to be very encouraged by the progress we are making in ...
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NewsTMH Africa completes purchase of DCD Rolling Stock factory
SOUTH AFRICA: Transmashholding completed its previously-announced acquisition of the DCD Rolling Stock plant in Boksburg from DCD Group on October 29. ‘We are very proud of closing this deal’, said Martin Vaujour, CEO of the Russian group’s overseas business development unit TMH International. ‘This is a major milestone in our ...
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NewsITE to acquire American Railcar Industries
USA: Industrial and transport investor ITE Management has entered into a definitive agreement to acquire wagon manufacturing, leasing and repair company American Railcar Industries from Icahn Enterprises in a deal worth $1·75bn, including ARI’s net indebtedness. The transaction is expected to close in the fourth quarter of 2018. Icahn Enterprises ...
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NewsNurminen Logistics sells Russian wagon fleet
RUSSIA: Finnish freight company Nurminen Logistics plc announced on October 30 that it had sold its Russian wagon fleet of around 350 vehicles to TransLes. Part of the Rustranscom Group of freight companies, TransLes is one of the largest wagon operators in Russian forestry sector with a fleet of ...
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NewsGoldschmidt Thermit Group acquires inspection technology specialist PLR
GERMANY: Welding and maintenance specialist Goldschmidt Thermit Group has acquired Prüftechnik Linke & Rühe, a Magdeburg-based company which provides eddy current and ultrasonic inspection technology for the rail, automotive and aerospace markets. ‘PLR brings extensive know-how in the field of non-destructive testing of rail infrastructure to the Goldschmidt Thermit Group’, ...
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NewsHitachi to buy Elliott stake in Ansaldo STS
ANSALDO STS: Hitachi announced on October 29 that it had reached an agreement to acquire the 32% stake in Ansaldo STS held by investment group Elliott. Hitachi is to pay €12·70 per share, giving the deal a value of €807·6m. The transaction is not subject to conditions, and is expected ...
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NewsSaudi Railway Co and Greenbrier announce joint venture
SAUDI ARABIA: The Greenbrier Companies and Saudi Railway Co have signed an agreement to establish a joint venture to invest in the Saudi rail freight market and potentially the wider Gulf Co-operation Council region. The agreement is subject to the completion of final due diligence by the parties and ...
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NewsGibela assembly plant inaugurated
SOUTH AFRICA: The Dunnottar industrial park where the Alstom-led Gibela joint venture will manufacture new EMUs for Prasa was officially inaugurated by President Cyril Ramaphosa and Transport Minister Blade Nzimande on October 25. The ceremony was also attended by Deputy Minister of Transport Sindisiwe Chikunga and the Premier of ...
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NewsRailway supply industry news round-up
Presenting its Q3 results on October 25, Vossloh said it is expects group sales in 2018 to be ‘toward the lower end’ of the guidance of €875m to €950m. EBIT and the EBIT margin are predicted to be below 2017, mainly as a result of the very strong performance in ...
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NewsComposite train seat support saves weight
COMPOSITE: Composites Evolution, Bercella and Element Materials Technology have completed the development and testing of a composite wall-mounted cantilever support for train seats. Using wall rather than floor-mounted supports improves access for cleaning and luggage storage, while the lightweight composite structure reduces traction energy needs and axleloads. ...
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Metro Report InternationalAutomating payments for concessionary journeys
UK: Fujitsu subsidiary Applied Card Technologies has launched an automated service designed to streamline the process of reimbursing transport operators for journeys made using transport authorities’ concessionary travel schemes. ACT said more than 12 million people in the UK receive free travel under government-funded concessionary travel schemes, with the transport ...
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NewsRailway supply industry news round-up
The Vidi online travel platform now sells tickets for Kuala Lumpur’s Express Rail Link airport service. ERL CEO Noormah Mohd Noor said Vidi enables travellers to plan and choose activities on a single platform, and would ‘certainly broaden our sales distribution’. RATP Group has opened an office in Singapore that ...
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Metro Report InternationalBentley Systems acquires pedestrian simulation company
LEGION: Bentley Systems has acquired London-based Legion, which develops software to model the interaction of pedestrians with each other and physical obstacles in spaces such as stations, streets, airports and sports arenas. Legion tools can be used with Bentley’s recently-announced OpenBuildings Station Designer software to model station users’ activities and ...
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NewsIronhorse Resources acquires Arizona short line
USA: Ironhorse Resources has acquired the San Pedro & Southwestern Railroad from ARG Transportation Services, and renamed it as the San Pedro Valley Railroad. The transaction announced on October 17 was handled by specialist company RR Mergers & Acquisitions. The Class III short line serves regional businesses in Cochise County, ...
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Metro Report InternationalSiemens Mobility invests in on-demand transport software company
PADAM: Siemens Mobility has made a 'substantial' investment in Padam, which provides white-label software-as-a-service for managing on-demand transport operations. Terms were not disclosed, and Padam will remain an independent and founder-led business. 'The investment in Padam represents our commitment to offering digital solutions that increase access to transportation information ...
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NewsGo-Ahead wins Norway’s first rail tender
NORWAY: Go-Ahead Norge has been selected as the winner of the Lot 1 Sør passenger train operating contract, the first to be tendered by national railway authority Jernbanedirektoratet. The contract announced on October 17 will run for eight years from December 15 2019, with an optional two-year extension. It covers ...
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NewsAerospace innovation for rolling stock electrical systems
FRANCE: Alstom, IGE+XAO and Safran have agreed to establish a centre of excellence for onboard electrical systems in Toulouse. Located at aerospace equipment manufacturer Safran Electrical & Power’s site, the facility will be able to accommodate up to 100 engineers. IGE+XAO is providing design, simulation and manufacturing software under a ...
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NewsTranstech renamed Škoda Transtech
FINLAND: Škoda Transportation Group's Finnish rolling stock manufacturing business Transtech has been renamed Škoda Transtech. Established in 1985 as a subsidiary of the Rautaruukki steel group and latesr acquiring the Valmet plant in Tampere, Transtech was owned by Patentes Talgo from June 1999 until March 2007 when it was sold ...
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Metro Report InternationalContactless payment guidance published
USA: Cross-industry body the US Payments Forum has published guidance developed by its Transit Contactless Open Payments Working Committee which is designed to assist transport agencies with the implementation of EMV contactless open payments. Transit Contactless Open Payments: Technical Solution for Pay As You Go is the second use case ...
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NewsNRC Group to buy VR Track
EUROPE: Finnish state-owned rail operator VR Group has agreed to sell its infrastructure maintenance subsidiary VR Track to the Norwegian NRC Group. The deal is expected to be finalised by January 2019, but is subject to approval by authorities in Finland and Sweden, where VR Track has a subsidiary, ...