Railway supply industry news – Page 87
-
-
NewsTurkish wagon manufacturer targets Europe
INNOTRANS: Turkish wagon manufacturer Gökrail is targeting the EU market for future growth, as it expands its range of TSI compliant vehicles. The company is currently producing a pair of prototype Sffggmrrss Megafret twin-section container wagons for testing and certification. Project Executive Suat Sayim told Railway Gazette that ...
-
NewsStationOne launches online marketplace
INNOTRANS: A new business to business online marketplace was launched at InnoTrans on September 18. Alstom subsidiary StationOne is looking to provide a common platform connecting rail industry vendors and operators throughout the world. The platform is designed as a way for vendors to promote their products and for ...
-
Rail Business UKRail market still growing, confirms UNIFE
INNOTRANS: Steady growth in the demand for railway products and services can be expected for the next six years, according to the 2018 World Rail Market Study compiled for UNIFE by Roland Berger and launched by UNIFE Chair Sabrina Soussan at InnoTrans on September 18. The seventh biennial study ...
-
NewsRecords fall as InnoTrans grows again
INNOTRANS: The 12th InnoTrans trade fair opening in Berlin on September 18 will be ‘more concentrated, more innovative and more informative’ than ever, according to Chief Executive of Messe Berlin Dr Christian Göke. Speaking at the pre-opening International Press Circle, he said this year’s show had attracted a 3 062 ...
-
Rail Business UKFare collection competition concerns raised
UK: The market for ticket gates is 'a near-monopoly, with buyers of gates potentially paying too much', and the market for ticket vending machines is 'delivering poor service quality with low availability of machines', the Office of Rail & Road said on September 13 when it published an update to ...
-
NewsRailway supply industry news round-up
The Australian Competition & Consumer Commission expressed preliminary concerns regarding the proposed merger of Siemens Mobility and Alstom on September 6. 'The ACCC’s preliminary view is that the proposed merger may substantially lessen competition in the supply of heavy rail signalling systems for passenger rail networks in Australia, in particular ...
-
NewsLeasing joint venture targets opening of European rolling stock market
EUROPE: Rock Rail and Aberdeen Standard Investments have announced a joint venture to target the rolling stock leasing market in continental Europe and Scandinavia. They hope to build on experience gained through the financing of three train fleets in the UK, where they said they had generated a new ...
-
Rail Business UKNetwork Rail agrees £1·46bn commercial estate sale
UK: Infrastructure manager Network Rail announced on September 10 that it had agreed terms for Telereal Trillium and Blackstone Property Partners to buy its commercial estate portfolio in England and Wales for £1·46bn. The deal comprises around 5 200 properties, the majority of which are spaces under viaducts. Properties in ...
-
NewsDB spending halted as profits slump
GERMANY: Deutsche Bahn Chief Executive Dr Richard Lutz has brought in emergency spending controls, amid reports of a third warning that the group’s 2018 profit target was unlikely to be achieved. According to local media, Lutz has written to senior executives warning that business had deteriorated in recent months rather ...
-
NewsRailway supply industry news round-up
Stadler Rail is exploring options for a possible IPO next year, Bloomberg reported on September 4. The executive and supervisory boards of VTG AG published a joint reasoned opinion on September 5 recommending that shareholders do not accept the €53 per share voluntary public takeover offer made by the ...
-
NewsCAF completes Solaris acquisition
CAF: Spanish group CAF completed its acquisition of 100% of the shares of Polish company Solaris Bus & Coach on September 4. CAF has also entered into an agreement for Poland’s PFR investment fund to acquire a 35% stake in Solaris on the same terms and conditions. 'CAF’s investment in ...
-
Metro Report InternationalSofia metro takes delivery of maintenance machines
BULGARIA: Czech manufacturer CZ Loko has built two MUV 74 M-S track maintenance vehicles for use on the Sofia metro. One vehicle is equipped with a work platform for access to the overhead electrification equipment. The other has a hydraulic arm and snow plough for use on the surface sections ...
-
NewsRailway supply industry news round-up
Knorr-Bremse has sold its Sydac driver training simulator business to the Oktal subsidiary of the Sogeclair group. This includes Sydac's activities in Australia, India and the UK, as well as the TDS unit of New York Air Brake. 'We are continuing to focus on our core competencies as a key ...
-
NewsKnorr-Bremse shows innovations across four stands at InnoTrans
KNORR-BREMSE: The braking and services specialist will be using the motto ‘Systems, People, Connected’ to describe its presence at InnoTrans 2018, which will be located across four separate stands reflecting the various businesses within the group. Focusing on four core market drivers of ‘system connection, life-cycle efficiency, transportation capacity and ...
-
NewsUnited Wagon Co targets the 1 435 mm gauge market
EUROPE: Russian wagon manufacturer United Wagon Co is now targeting the 1 435 mm gauge market, where Deputy CEO for Business Development Maxim Kuzemchenko believes there are ‘as-yet-untapped growth opportunities’ for the company. ‘The European market is a key market for us in terms of both the 1 520 mm ...
-
NewsDefence ministry disposes of stake in Wagon Pars
IRAN: The defence ministry has ended its involvement with rolling stock manufacturer Wagon Pars, Defence Minister Amir Hatami said on August 27. He explained that the ministry was divesting its shares in 130 companies including Wagon Pars, but did not state what stake the military holds in the company ...
-
NewsRussian companies to co-operate in South American freight market
SOUTH AMERICA: Russian suppliers Transmashholding and United Wagon Co have signed an agreement to co-operate to win orders in Argentina, Bolivia, Paraguay and Uruguay, as well as the South American rail freight market in general. They envisage this could include the supply of integrated packages combining TMH locomotives and UWC ...
-
Metro Report InternationalToyota and Uber to develop autonomous cars
AUTONOMOUS CARS: Toyota Motor Corp announced on August 28 that it is investing US$500m in Uber Technologies, and the two companies had agreed to work together on ride-sharing using autonomous cars. Under the agreement, both companies will use their technologies in purpose-built Toyota vehicles that would be deployed on ...
-
NewsStadler applies to build St Petersburg tram factory
RUSSIA: Stadler has applied to the St Petersburg authorities to build a tram assembly plant in the city. The Swiss company has proposed an offset contract with the municipality under which the manufacturer would pay to build the factory in return for the city guaranteeing to buy ...