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Economy. Filter by tags

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Australia launches National Rolling Stock Procurement Pipeline
Australia launches National Rolling Stock Procurement Pipeline

Australia: The Department of Industry, Science and Resources, in collaboration with leading market players, has launched the National Rolling Stock Procurement Pipeline, an online database of rail vehicle tenders.

31 May 2024
Green traction to raise doubts for US railway business
Green traction to raise doubts for US railway business

USA: The Wall Street Journal has a great article on the prospects and limitations of alternative traction for diesel locomotives.

24 May 2024
Skoda Group strengthens as electrical part supplier for Czech rolling stock market
Skoda Group strengthens as electrical part supplier for Czech rolling stock market

Czechia: The rolling stock manufacturer has acquired 100% of the shares in Cegelec, a Czech company, which has been part of the French Vinci since 2010.

20 May 2024
Siemens Mobility: hydrogen and battery traction complement one another
Siemens Mobility: hydrogen and battery traction complement one another

This position has recently been highlighted by its CEO Rolling Stock, Albrecht Neumann, on LinkedIn.

17 May 2024
Ukrainian TAS Group acquires controlling stake in JV TransANT
Ukrainian TAS Group acquires controlling stake in JV TransANT

Austria: The group increased its stake from 40% to 61.4%. Two other shareholders, Voestalpine, an Austrian steel producer, and RCG, a freight operator subsidiary of OBB, reduced their stakes to 31% and 7.6% respectively.

13 May 2024
CNMV approved Ganz-MaVag’s acquisition of Talgo
CNMV approved Ganz-MaVag’s acquisition of Talgo

Spain: The next three months will be spent waiting for the acquisition to be authorised by the national government.

8 May 2024
Czech WALBO Group goes bankrupt
Czech WALBO Group goes bankrupt

Czech Republic: Railvolution, the Czech magazine, says insolvency proceedings are open with all four companies of the group.

8 May 2024
CRRC’s US contract cancelled
CRRC’s US contract cancelled

USA: The Southeastern Pennsylvania Transportation Authority (SEPTA) has taken the decision to terminate a contract for 45 double-deck coaches.

17 April 2024
Alstom asks British government for order of 10 trains to save its Derby plant
Alstom asks British government for order of 10 trains to save its Derby plant

UK: In a statement, Nick Crossfield, Alstom UK & Ireland managing director, said that an order for 100–120 Aventra cars would maintain operations at the site until 2026, when the company will start fulfilling a contract for high-speed trains.

17 April 2024
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