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MTR CEO to stand down as police investigate Shatin - Central Link project THE project director of Hong Kong’s Shatin to Central Link (SCL) has resigned and MTR CEO Mr Lincoln Leong Kwokkuen is to retire early in the wake of recent issues with the construction of the 17km, $HK 97.1bn ($US 12.3bn) project.
knorr-bremse-acquires-braking-technology-from-federal-mogul
KNORR-Bremse announced on August 20 that it has signed an agreement with Federal-Mogul to acquire its ‘know-how and intellectual property rights’ for the development and production of friction materials for rail vehicle and industrial applications....
ns-first-half-2018-passenger-satisfaction-increases
NETHERLANDS Railways (NS) says it is satisfied with its results and performance in the first half of 2018, with more trains operating and passenger numbers continuing to increase. Financial results are also improving, but NS...
aurizon-rides-highs-and-lows-in-2018
AUSTRALIAN freight operator Aurizon has reported a 6% increase in underlying earnings before interest and tax (Ebit) to $A 941m ($US 658.2m) for the 2017-18 financial year, up from $A 884m the previous year, which...
vtg-takeover-of-nacco-moves-a-step-closer
EUROPEAN wagon leasing company VTG says it has reached a significant milestone in the takeover of Nacco, one of its smaller competitors, with the signing of purchase agreements by a consortium of bidders for part...
nippon-sharyo-to-close-us-plant
NIPPON Sharyo announced on July 24 that its US subsidiary will close its rolling stock assembly plant in Rochelle, Illinois, at the end of this month due to a lack of orders. The plant opened in...
rumo-secures-reais-289bn-loan
THE Brazilian National Bank for Economic and Social Development (BNDES) has approved a loan of Reais 2.89bn ($US 760.2m) to Rumo North and Rumo South, subsidiaries of the Cosan Group, for rail and port operations.The...
greenbrier-buys-majority-stake-in-turkish-wagon-manufacturer
GREENBRIER announced on August 8 it has acquired a 68% stake in Turkish freight wagon manufacturer Rayvag, expanding its European operations in an area it says offers a key connection between Asia and Europe.Rayvag, which...
us-moves-towards-ban-on-chinese-rolling-stock
THE United States Congress is moving towards a one-year ban on the use of federal funding for the purchase rolling stock from Chinese government-owned or subsidised companies, according to Mr Jeff Davis, senior fellow at...
mtr-ceo-to-stand-down-as-police-investigate-shatin-central-link-project
THE project director of Hong Kong’s Shatin to Central Link (SCL) has resigned and MTR CEO Mr Lincoln Leong Kwokkuen is to retire early in the wake of recent issues with the construction of the...
mutares-to-acquire-knorr-bremse’s-british-railservices-and-kiepe-electric
KNORR-Bremse announced on August 6 it will sell its British-based businesses, Knorr-Bremse RailServices and Kiepe Electric, to Munich-based holding company, Mutares, with closing expected by autumn 2018.   The agreement covers the full takeover of Knorr-Bremse’s vehicle...

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