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Economy. Filter by tags

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California intends to limit the use of diesel locomotives
California intends to limit the use of diesel locomotives

USA: California Air Resources Board has approved a rule that will ban diesel locomotives more than 23 years old from operating in the state from 2030 whereas new incoming locomotives will be emission-free.

3 May 2023
RZD asks court to charge Siemens 29.6 mln RUR (€330,000) daily more
RZD asks court to charge Siemens 29.6 mln RUR (€330,000) daily more

Russia: The national railway operator filed an application to the Commercial Court of Moscow. The session is scheduled for 22 May.

28 April 2023
CAF breaks into top division of global rolling stock market
CAF breaks into top division of global rolling stock market

After having reported a spike in demand for its products and services amid challenges of the economic environment, the company has received the first orders for its France-based plant acquired from Alstom.

18 April 2023
Australia ponders harmonising its rolling stock procurement policy
Australia ponders harmonising its rolling stock procurement policy

Australia: ARA has published an estimate of the total loss to regional budgets due to the lack of harmonisation in the procurement of rolling stock between 2014 and 2023. The government is setting up the relevant bodies.

16 April 2023
Multiple units bring much less revenue to CRRC
Multiple units bring much less revenue to CRRC

China: According to the producer’s annual report, revenues from the segment fell by almost 30% in 2022 compared to CNY 41 bln ($6.4 bln) in 2021.

11 April 2023
Commercial Court: Siemens Mobility must deliver remaining 9 high-speed trains to RZD
Commercial Court: Siemens Mobility must deliver remaining 9 high-speed trains to RZD

Russia: The court resolves the German manufacturer's allegation that it cannot satisfy the contract with RZD contradicts its terms and conditions and the European Commission's clarifications.

7 March 2023
Europe strengthens protection of its rolling stock market
Europe strengthens protection of its rolling stock market

EU: In January 2023, new public procurement rules came into force in the European Union. The first company to be affected by these rules is CRRC.

28 February 2023
Siemens allegedly boycotted Israel to sign a contract with Turkiye
Siemens allegedly boycotted Israel to sign a contract with Turkiye

Germany: An investigation of SWR, a German public broadcasting corporation, led to allegations that the company had broken the law. Siemens denies the accusation.

14 February 2023
Skoda Group acquires assets of a bankrupt Molinari Rail in Austria
Skoda Group acquires assets of a bankrupt Molinari Rail in Austria

Austria: The Czech manufacturer established a subsidiary company in the country, which incorporated headquarters in Vienna and an office in Schwaz purchased from Molinari Rail.

12 February 2023
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