Railway supply industry news – Page 88
-
Rail Business UKHitachi expands Newton Aycliffe plant
UK: Local Member of Parliament Phil Wilson officially opened an additional building at Hitachi Rail Europe’s rolling stock plant in Newton Aycliffe on August 23. Hitachi said the £5m Aspire building took its total investment in the County Durham site to more than £100m. The company has created 730 permanent ...
-
NewsRailway supply industry news round-up
On August 23 German weekly business magazine Wirtschaftswoche reported that the EU regulatory review of the proposed Siemens-Alstom merger would not be completed in November as planned, but would run to January 2019. On August 16 Russian wagon leasing company Brunswick Rail and former Chairman & CEO Paul J Ostling ...
-
NewsBombardier Transportation opens Mannheim laboratory
GERMANY: Bombardier Transportation officially opened a €1m signalling and train control development and testing laboratory in Mannheim on August 23. The 1 140 m2 facility has approximately 40 staff. ‘The laboratory for vehicle control and signalling technology that we are officially inaugurating here today in Mannheim offers all possibilities to ...
-
NewsGBW Railcar Services joint venture ends
USA: The Greenbrier Companies and Watco have agreed to end their GBW Railcar Services joint venture, which was established in July 2014 to bring together the two companies’ workshops to form a national wagon maintenance network. The assets and employees of 12 workshops will return to Greenbrier, with 14 workshops ...
-
NewsKnorr-Bremse acquires rights to Federal-Mogul technology
INDUSTRY: Knorr-Bremse Rail Vehicle Systems announced on August 20 that it had acquired Federal-Mogul’s ‘know-how and intellectual property rights’ for the development and production of friction materials for rolling stock and industrial applications. In turn, Federal-Mogul will receive a licence from Knorr-Bremse allowing it to continue to supply its customers ...
-
NewsRailway supply industry news round-up
Central Japan Railway subsidiary Nippon Sharyo is to close its US rolling stock plant in Rochelle, Illinois, at the end of August. The plant opened in July 2012 to serve the North American market, but ran into problems with Buy America requirements for components, the failure of a subsupplier and ...
-
NewsInternational Rail Partners buys its first short line
USA: International Rail Partners has made its first short line acquisition, buying Grenada Railroad from Iowa Pacific Holdings and taking over operations on August 2 under a lease-purchase agreement with the North Central Mississippi Regional Railroad Authority which owns the infrastructure. Terms were not disclosed. Oppenheimer & Co acted as ...
-
NewsNacco asset divestment agreement clears way for VTG acquisition
GERMANY: An agreement has been signed for a consortium of leasing company Wascosa and Hamburg-based investor Aves One to buy about 30% of Nacco Group’s wagon leasing activities and assets. This one of the steps required for regulatory approval of VTG’s planned acquisition of the remainder of Nacco. Under the ...
-
NewsUnited Wagon Co certified as potential Deutsche Bahn supplier
EUROPE: Deutsche Bahn has approved United Wagon Co as a potential supplier, following an audit of the Russian company including its All-Union Research & Development Centre for Transportation Technology and the Tikhvin wagon factory businesses. The Tikhvin plant has also obtained EN 15085 Welding of Railway Vehicles & Components certification ...
-
NewsRailway supply industry news round-up
On August 3 Russian construction company VIS Group and China Railway Construction Corp signed an agreement to work together to implement transport infrastructure projects including metro lines in Russia and the Middle East. ‘The integration of our companies’ accumulated competencies in construction and infrastructure project financing will have a significant ...
-
Metro Report InternationalElectronic ticketing for smaller operators
CUBIC: Cubic Transportation Systems has invested in Delerrok, which provides cloud-hosted electronic ticketing technology for small to mid-sized transport agencies. This will enable Cubic to offer Delerrok’s TouchPass Fare system in combination with its Transit Management as a Service platform. Announcing the investment and alliance agreement on August 7, Cubic ...
-
NewsGreenbrier invests in Turkish wagon manufacturer
TURKEY: The Greenbrier Companies’ European business Greenbrier-AstraRail has agreed to acquire a 68% stake in Adana-based wagon, bogie and component manufacturing and maintenance company Rayvag Vagon Sanayi ve Ticaret. Rayvag was founded in 2007 by Asim Suzen, who will retain a 32% equity interest and continue as Managing Director. ...
-
NewsVirtually travel the world from InnoTrans with Bombardier Transportation
BOMBARDIER TRANSPORTATION: A ‘highly interactive’ indoor stand will be the focus of Bombardier Transportation’s presence at InnoTrans 2018, with the company opting to focus on dialogue with visitors rather than displaying hardware. A virtual reality exhibit will take visitors on an immersive 360° experience of cities across the world, featuring ...
-
Rail Business UKRail data action plan aims to help tech companies
UK: A Joint Rail Data Action Plan was published by the Department for Transport and the Rail Delivery Group on August 8, setting out proposals for train operators to provide more real-time information which would help technology companies develop intelligent travel apps. ‘This will speed the development of travel apps ...
-
Rail Business UKArtificial intelligence to analyse rolling stock data
UK: Leasing company Porterbrook has announced a partnership with data science and cloud architecture consultancy Elastacloud, saying the two companies had identified ‘at least 30’ key performance indicators across the rolling stock sector that might be improved through AI. ‘Our industry produces large volumes of data that we all too ...
-
NewsTransmashholding and LocoTech-Service stakes pooled
RUSSIA: The shareholders of rolling stock manufacturer Transmashholding and maintenance services company LocoTech-Service pooled their ownership interests on August 2. Transmashholding and LokoTech-Service will remain legally independent companies, but a gradual integration of the two operations is planned. Alstom previously owned 33% in Transmashholding and now has a 20% stake ...
-
Metro Report InternationalUSA seeks restrictions on Chinese suppliers
USA: The Senate has formally adopted measures which would see a one-year ban on any procurement from Chinese state-owned companies using Federal Transit Administration funding. The ban is part of an amendment to a much larger package, which in turn forms part of the annual Transportation Appropriations for the ...
-
Rail Business UKKnorr-Bremse to sell UK rail services businesses
UK: Knorr-Bremse has signed an agreement to sell its Knorr-Bremse RailServices (UK) Ltd rolling stock maintenance and overhaul businesses and consultancy and project management company Kiepe Electric Ltd (UK) to Mutares. The transaction is expected to close by autumn 2018. The sale announced on August 6 will be the first ...
-
NewsUS policymakers seek to restrict procurement from Chinese suppliers
USA: In the clearest sign yet that US policymakers are seeking to clamp down on Chinese involvement in the transport sector, the Senate on July 31 formally adopted measures which would see a one-year ban on any procurement from Chinese state-owned companies using Federal Transit Administration funding. The ban is ...
-
NewsVossloh acquires Australian sleeper manufacturer
AUSTRALIA: Vossloh Australia signed a contract for the acquisition of concrete sleeper manufacturer Austrak from Laing O'Rourke on August 3. The transaction is expected to close in Q3 2018, subject to regulatory approval, with Austrak becoming part of the Tie Technologies business unit within Vossloh’s Core Components division. The deal ...