Financial

VTG Rail, the US leasing subsidiary of VTG, Germany, has acquired the rolling stock assets of Redwood Rail, adding 1135 wagons to its fleet, and bringing VTG Rail’s total number…
AUSTRALIAN prime minister Mr Malcolm Turnbull announced a $A 1.42bn ($US 1.08bn) federal cash injection to fund upgrades to regional rail lines in Victoria on June 27.
GERMAN Rail (DB) is offering its fleet of class 120.1 and 120.2 electric locomotive fleet for sale to new owners.
SIEMENS has acquired the MRX Technologies Group, Australia, in an effort to expand its predictive maintenance offering.
ITALIAN State Railways (FS) confirmed on June 9 that it has acquired a 36.7% stake in Milan Metro Line M5 concessionaire Metro 5 from Astaldi, making it the lead shareholder…
STADLER Rail, Switzerland, says it achieved a record number of train orders in 2016 worth SFr 4.9bn ($US 5.1bn), compared with SFr 2.1bn in 2015. However, turnover increased only marginally,…
ENGIE Ineo, a subsidiary of French utility company Engie, has acquired Swedish onboard communications specialist Icomera for an undisclosed fee.
SEOUL metro operators, Korea, Seoul Metro and Seoul Metropolitan Rapid Transit Corporation (SMRT) merged on May 31 following a majority vote from the unions of both corporations in November 2016.
THE rail division of First Group, Britain, saw a 26.2% drop in profit from £72.9m for the year ending March 31 2016 to £53.8m in 2016-17, while its operating margin…
OVER the last year, Brazil’s already-struggling railway construction programme has endured a rough ride as political turbulence and a fiscal crisis have restrained government spending. However, these are not the…
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