Railway supply industry news – Page 95
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NewsEuston Master Development Partner selected
UK: High speed line project promoter HS2 Ltd announced on February 22 that Network Rail and the Secretary of State for Transport had selected Lendlease as the Master Development Partner for London Euston station. The MDP is to work with the Greater London Authority and London Borough of Camden to ...
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NewsAmey takes over ‘key’ Carillion rail contracts
UK: Amey Rail Ltd acquired ‘a significant number’ of Network Rail infrastructure contracts previously held by Carillion Construction Ltd on February 22. This follows Carillion’s entry into liquidation on January 15. The contracts include Infrastructure Projects Central Panel work for the East Coast and Midland main lines, Crossrail (Old Oak ...
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NewsG&W invests in last mile technology business
USA: International rail freight group Genesee & Wyoming Inc has invested in Cargomatic, a technology platform which connects freight shippers and road hauliers with a focus on short-haul markets. Terms were not disclosed. Cargomatic currently operates in Los Angeles, San Francisco, Chicago, Seattle, Dallas, Houston and New York, but it ...
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NewsUnited Wagon Co production increases
RUSSIA: United Wagon Co produced a total of 19 100 wagons in 2017, up 20% from the previous year thanks to increasing demand for its modern designs as well as wider growth in the freight market. Production in the current year is expected to be between 19 000 and 20 ...
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Metro Report InternationalHelsinki opens its ticket retail interface to everyone
FINLAND: Helsinki regional transport authority HSL is creating an open retail platform for single tickets intended to allow anyone in Finland or abroad to purchase single tickets for retail sale. The interface will be available at sales-api.hsl.fi. ‘We are building a highly innovative and advanced digital retail API’, explained Mari ...
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NewsCtrip Group to sell South Korean rail tickets
SOUTH KOREA: Accommodation, ticketing, package tour and corporate travel booking company Ctrip Group has begun offering Korean rail tickets in its customers’ local languages, starting with sales through Trip.com in 13 languages. This is Korail’s first partnership with a third-party booking website, according to Ahn Byeong Ho, Senior Executive Director, ...
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NewsFive-year rail supply contract signed
RUSSIA: Steelmaker Evraz has signed a five-year agreement to supply Russian Railways with a total of 3·2 million tonnes of rail worth 111·7bn roubles. The deal which came into force on February 19 covers all types of rail, including specialised products for high-speed and low-temperature applications, rails offering high wear ...
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NewsVossloh classes Transportation division as 'discontinued operations'
VOSSLOH: Citing advanced discussions for the sale of the Locomotives business unit in Kiel, the executive board of Vossloh AG decided on February 16 to present the last remaining business unit of the Transportation division as ‘discontinued operations’ from December 31 2017. An impairment loss on the carrying amount was ...
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NewsStadler plans Georgian rolling stock plant
GEORGIA: Stadler has signed a memorandum of understanding for the formation of a rolling stock manufacturing joint venture in Tbilisi. The Swiss company plans to work with a local partner which is currently responsible for maintenance of the Tbilisi metro and is financing and building a workshop for the maintenance ...
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News
Bombardier Transportation delivered 'superior financial performance' in 2017
BOMBARDIER: 'Bombardier closed out the second full year of its five-year turnaround plan with very strong performance', said Bombardier Inc President & CEO Alain Bellemare on February 15, when presenting the group’s annual results for 2017. ‘Because of this solid performance, we begin 2018 with great momentum’, he said. ‘Our ...
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NewsRailway supply industry news round-up
The 1520 Group, which includes 38 Russian companies active in railway design and construction projects, has obtained regulatory approval for the purchase of a 50% stake in bridge contractor FSK Mostootryad-47 for an undisclosed price. Bombardier Transportation has awarded DHL Supply Chain a three-year contract to operate the on-site logistics ...
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NewsFinal Singapore metro lines transferred to new concession model
SINGAPORE: Land Transport Authority announced on February 14 that it had concluded discussions with SBS Transit for implementation of the government’s New Rail Financing Framework model on the North East Line and the Sengkang and Punggol peoplemovers. This completes the 10-year transition of the island’s entire rail network to the ...
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NewsCP share buyback follows Q4 successes
CANADA: Canadian Pacific has completed its second share repurchase programme, the railway confirmed on February 8. CP had announced on December 11 its intention to buy back up to 755 000 common shares from two third-party sellers under two consecutive programmes to be completed by May 14. The first completed ...
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NewsNetwork Rail unveils CP6 business plan
UK: A strong focus on safety, reliability and performance underpins Network Rail’s objectives for the five-year Control Period 6, which starts on April 1 2019. Publishing its strategic business plan on February 13 for regulatory approval, the infrastructure manager explained how it expects to spend the £47bn allocated for CP6 ...
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NewsHupac traffic grows despite the 'Rastatt effect'
EUROPE: Switzerland-based intermodal transport operator Hupac carried 763 101 road consignments by rail in 2017, an increase of 3·5% on the previous year. This was despite the seven-week blockade of the Rhine Valley route near Rastatt, which resulted in the loss of more than 30 000 consignments. Traffic in the ...
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NewsBudamar acquires 50% stake in wagon manufacturer
SLOVAKIA: Freight company Budamar Logistics signed a deal to acquire a 50% stake in Poprad-based wagon manufacturer Tatravagónka on January 31. The price was not disclosed, and the deal is subject to regulatory approval. Formed in 1994 but tracing its roots to 1922, Tatravagónka has been controlled since 2006 by ...
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NewsNorfolk Southern positioning for growth
USA: Norfolk Southern has announced plans to invest $1·8bn in capital projects during 2018, as it pursues the objectives set out in its Strategic Plan adopted in 2016. With a focus on improving service and operational efficiency while maintaining safety, the capital spending will be broadly in line with the ...
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News'Tomorrow’s Trains Today' funding announced
UK: The winners of £3·5m of government funding under the ‘First of a Kind: Demonstrating Tomorrow’s Trains Today’ innovation programme were announced by Transport Minister Jo Johnson on February 12. T The FOAK competition is part of the Department for Transport’s wider Accelerating Innovation in Rail scheme. The first ‘challenge’ ...
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NewsNetwork Rail awards Stoneblower operating contract
UK: Infrastructure manager Network Rail has appointed Balfour Beatty to operate and maintain of its fleet of Stoneblowers, which pneumatically inject ballast under the sleepers to fill voids and restore track geometry. The four-year contract is worth more than £40m. It covers a minimum of 2 800 maintenance shifts per ...
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NewsRailway supply industry news round-up
Ontario Northland has obtained locomotive engine line boring equipment, which it says makes it the only railway in Canada offering in-house line boring capabilities to external customers. ‘Our line boring machine is a portable computerised unit that is capable of driving multiple different cutting heads, we can bore 6 to ...