Financial

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…
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…
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 $A…
EUROPEAN wagon leasing company VTG says it has reached a significant milestone in the takeover of Nacco, one of its smaller competitors, with the signing of purchase agreements by a…
NIPPON Sharyo announced on July 24 that its US subsidiary will close its rolling stock assembly plant in Rochelle, Illinois, at the end of this month due to a lack…
THE Brazilian National Bank for Economic and Social Development (BNDES) has approved a loan of Reais 2.89bn ($US 760.2m) to Rumo North and Rumo South, subsidiaries of the Cosan Group,…
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…
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…
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…
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.  
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