Financial

US Class 1 railway CSX announced the replacement of three of its senior executives, and the cancellation of its October 30 investor day, on October 25 prompting a 3.82% drop…
SOUTH African private locomotive repair and leasing company, Sheltam, has announced a rebranding and the launch of new rolling stock leasing and railway infrastructure investment subsidiaries.
THE global outlook for the railway industry remains positive according to the latest quarterly survey of senior managers from around 100 companies conducted by SCI Verkehr, which says its quarterly…
SIEMENS has made what it describes as a “strategic equity investment” in predictive locomotive maintenance specialist Wi-Tronix, United States. While both companies have agreed not to release details of the…
SIEMENS announced on October 4 that Mrs Sabrina Soussan and Mr Michael Peter have been appointed to lead the company’s mobility division, succeeding Mr Jochen Eickholt, who has been appointed…
CAF says it has no intention of altering its strategic plan following the announcement earlier this week that Alstom and Siemens Mobility will merge to create the world’s second largest…
THE merger of Alstom and Siemens’ Mobility division on September 26 might be read as a reaction to another recent tie-up in this age of consolidation in the railway rolling…
SEPTEMBER 26 brought a double-dose of bad news for Bombardier, with the US Department of Commerce imposing punitive tariffs of 219% on the import of C Series aircraft and Alstom and…
SPEAKING at a joint Siemens-Alstom press conference in Paris on September 27, Mr Joe Kaeser, president and CEO of Siemens, confirmed that the merger of Siemens Mobility and Alstom should…
ALSTOM and Siemens announced on September 26 that they have signed a Memorandum of Understanding to combine their mobility businesses in a "merger of equals."
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