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Siemens and Bombardier rail divisions report drop in profit BOTH Siemens Mobility and Bombardier Transportation have reported reductions in revenue and profit in their latest quarterly results, while Bombardier has denied reports in the financial press of a merger.
siemens-and-bombardier-rail-divisions-report-drop-in-profit
BOTH Siemens Mobility and Bombardier Transportation have reported reductions in revenue and profit in their latest quarterly results, while Bombardier has denied reports in the financial press of a merger. Third-quarter results published today by Siemens...
vossloh-germany-reports-increased-first-half-sales-and-ebit
GERMANY's Vossloh Group has reported an 11% increase in revenue and a 62.3% jump in Ebit for the first half of 2015 despite a drop in sales of rail fastenings.First-half revenue increased from €626m in...
heads-roll-in-major-db-restructuring-as-profits-fall
GERMAN Rail (DB) has launched a major restructuring of its organisation and a reduction in its management team in the wake of an 18.2% drop in Ebit for the first half of 2015, and a...
pkp-energy-sell-off-to-fund-new-inter-city-trains
POLISH State Railways (PKP) says it will allocate funds raised from the privatisation of its power subsidiary PKP Energy towards the purchase of 10 additional Pesa ED161 Dart long-distance EMUs for PKP Intercity. PKP announced on...
wabtec-to-acquire-faiveley-transport-for-$us-18bn
WABTEC has confirmed that it plans to acquire Faiveley Transport for a total purchase price of $US 1.8bn, including assumed debt, which if approved, will create one of the world's largest rail equipment supply companies.   Faiveley...
china-invests-$us-43bn-in-rail-in-first-half-of-2015
CHINA Railways Corporation (CRC) says China has invested more than Yuan 265.1bn ($US 42.67bn) in domestic railway construction in the first half of 2015, an increase of 12.7% from the first half of 2014. In...
tender-issued-for-standard-gauge-line-in-east-africa
THE governments of Burundi, Rwanda and Tanzania have issued a request for expressions of interest from suitable qualified and experienced firms which have the capacity to finance, design, construct, operate and maintain the proposed 1661km...
spain-france-hs-concessionaire-starts-administration-procedure
TP FERRO, the concessionaire for the international high-speed line between Figueres, Spain, and Perpignan, France, which is owned by Spanish and French construction companies ACS and Eiffage, definitively filed for protection from creditors at a...
japan-offers-low-interest-loan-for-first-indian-hs-line
THE Japanese government has offered to fund the construction of India's first high-speed line linking Mumbai with Ahmedabad provided 30% of the rolling stock is supplied by Japanese companies. Japan has offered a loan with an...
ntv-votes-to-increase-capital-by-E100m
SHAREHOLDERS in Italian open-access operator NTV agreed at a meeting in Rome on July 17 to increase the company's capital by €100m. Shareholders will immediately be offered an opportunity to increase their capital proportional to their...