Financial

POLISH rolling stock manufacturer Pesa has secured a Zlotys 200m ($US 54.7m) loan from a consortium of six financial institutions led by PKO Bank Polski, which will enable the Bydgoszcz-based…
THE chairman of Italy’s open-access high-speed rail operator NTV, Mr Luca Cordero di Montezemolo, has confirmed that the company will launch an initial public offering (IPO) on the stock exchange…
THE announcement on September 26 that Siemens and Alstom have agreed to merge their rail businesses did not come as a complete surprise as rumours of a potential tie up,…
ACCORDING to a study conducted by SCI Verkehr, the €12.5bn market for railway products services in Germany is predicted to grow at an average of 3.4% per annum to reach…
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…
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