Archive for category: Business

DB returns to profit

Germany’s Deutsche Bahn (DB) bounced back into profit in 2016, the company’s new chief executive, Richard Lutz, has announced. Last year, the company reported its first loss since 2003 even after recording annual sales of more than €40 billion for the first time. The €1.3 billion net loss was down to special write-downs in its rail freight business, […]
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Mechan goes French

Mechan, the Sheffield-based manufacturer of depot equipment such as jacking systems, bogie drops and traversers, has been acquired by the French CIM Group. CIM’s products and services include the design and management of railway infrastructure supply and construction projects. The group operates in more than 90 countries worldwide in the fields of rail and public […]
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Chris Burchell’s ‘George Bradshaw’ address: The Rail industry needs to change over the next 20 years

Writer: Nigel Wordsworth Chris Burchell, chair of the Rail Delivery Group, delivered this year’s George Bradshaw address at the Institution of Civil Engineers. Speaking to a group of almost 200 industry leaders, he chose “Change” as his topic. The George Bradshaw address is given every year by industry leaders to their peers. Last year it […]
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ÖBB and Stadler create Westbahn maintenance joint venture

ÖBB-Technische, the maintenance division of Austrian Federal Railways, and Stadler have created a new joint venture to manage the maintenance of open access operator Westbahn’s KISS EMU fleet. The joint venture, which ÖBB will hold a 60 per cent stake in, was formally agreed on March 2. Its creation remains subject to approval by competition authorities […]
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NS publishes 2016 results

Dutch Railways (NS) saw its profits hit by higher staffing costs and track access charges in 2016 despite recording an increase in turnover and passenger numbers. The national rail operator reported on February 28 that its turnover rose by 2.4 per cent last year to €5.1 billion thanks to a strong international performance and a number […]
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CRC orders Bombardier Sifang high-speed trains

China Railway Corp (CRC) has ordered 18 new CRH1A-A high-speed trains from Bombardier’s Chinese joint venture, Bombardier Sifang. The contract is valued at US $284 million and includes 144 new train cars. The Chengdu and Kunming Railway Bureau will operate the new 250 km/h trains within the ‘Diamond Economic Circle’ that links Chengdu, Chongqing, Xi’an, Guiyang and […]
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SNCF Logistics acquires 45 per cent stake in BLS Cargo

SNCF Logistics has bought a 45 per cent share in rail freight operator BLS Cargo. The deal, which still needs to be approved by competition authorities, will leave BLS with a 52 per cent majority stake in the business. Ambrogio Group (IMT) will retain its 3 per cent shareholding. BLS Cargo said the acquisition would […]
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Trenitalia completes acquisition of c2c

Italy’s state-owned rail operator, Trenitalia, has announced the completion of its acquisition of c2c from National Express. The deal, which is worth around £72.6 million, had been subject to approval from the Department for Transport (DfT). Trenitalia will now operate the franchise until it comes up for renewal in November 2029. Today’s announcement confirmed that […]
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Network Rail Consulting sets up Canadian subsidiary

Network Rail Consulting, a wholly owned subsidiary of Britain’s rail infrastructure manager, has announced the creation of a new Canadian consultancy. The new office in Toronto is a response to the company’s growing presence in North America. Nigel Ash, managing director of Network Rail Consulting, said by establishing a base in Canada the company could […]
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Network Rail Consulting sets up Canadian subsidiary

Network Rail Consulting, a wholly owned subsidiary of Britain’s rail infrastructure manager, has announced the creation of a new Canadian consultancy. The new office in Toronto is a response to the company’s growing presence in North America. Nigel Ash, managing director of Network Rail Consulting, said by establishing a base in Canada the company could […]
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Vossloh Kiepe moves to Knorr-Bremse

The electrical systems business of Vossloh Kiepe has been bought by Knorr-Bremse AG. Kiepe is a worldwide supplier of electric traction equipment, with a customer base that incudes bus manufacturers as well as tram and train builders – it supplies hybrid and hydrogen-powered systems buses and traction systems for metros and trams. The sale values […]
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