Financial

INTERNATIONAL freight wagon supplier Greenbrier and Romanian wagon manufacturing, engineering and repair company Astra Rail have received all required regulatory approvals from relevant antitrust officials to merge Greenbrier Europe with…
ACCORDING to a global study of railway infrastructure suppliers by SCI Verkehr, while Siemens and Voestalpine are still the market leaders, Chinese manufacturers are catching up, which SCI says is…
IRJ at UITP Global Summit 2017, Montreal: Following recent speculation that Bombardier and Siemens are in discussions to merge the two companies’ railway equipment manufacturing divisions, Bombardier Transportation CEO Mr…
VIA Rail Canada recorded a 4.1% increase in ridership to 3.97 million journeys in 2016 and 1.37 billion passenger-km, while revenue jumped by 9.5% from $C 297.8m ($US 218.75m) in…
ONLINE travel company Expedia announced on May 11 that it has entered into a definitive agreement to acquire a majority stake in British rail ticketing and distribution specialist SilverRail Technologies.
SIEMENS announced plans on May 11 to cut nearly 1700 jobs in Germany during the next few years including 300 immediately at Siemens Mobility’s Krefeld train building plant, as part…
AFTER a difficult year in 2016, Eurostar returned to growth in the first three months of this year with increasing revenues and ridership, according to the operator’s first quarter results,…
ALSTOM achieved a 6% increase in sales and a 15% rise in Ebit for the year ending March 31 2017, while its order backlog reached a new record of €34.78bn.
TÜV SÜD announced on May 3 that it has acquired Swedish Company MiW Rail Technology for an undisclosed fee, as it aims to strengthen its position in the Scandinavian rail…
THE Greenbrier Companies confirmed on May 1 that it has completed a transaction which increases its stake in South America’s largest wagon manufacturer Greenbrier-Maxion from 19.5% to 60%.
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