Financial

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%.
AUSTRIAN Federal Railways (ÖBB) has reported strong results for 2016, with ridership reaching a record 244 million passengers in 2016, slightly up from the 238 million passengers recorded in 2015.
LEASING company Mitsui Rail Capital Europe (MRCE) has sold 32 Vossloh diesel locomotives to Dublin-based RIVE for an undisclosed sum.
REVENUES at Russian Railways (RZD) increased by 7.1% to reach Roubles 2.133 trillion ($US 38.08bn) in 2016 helping the company’s Ebidta to soar by 15.4% to Roubles 443bn and net…
SNC-LAVALIN announced on April 20 that it has reached an agreement with WS Atkins to acquire the company’s entire share capital at £20.80 per share, representing an aggregate cash consideration…
THE government of São Paulo has announced that bidding will open on July 4 for the public-private partnership (PPP) concession to operate lines 5 and 17 of the Brazilian city’s…
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