IRJ Staff

WAGON leasing and logistics company VTG, Germany, reported a 76.2% rise in earnings before tax, depreciation and amortisation (Ebitda) in 2015 to €336.5m on turnover of €1bn.

SERVICES on Washington DC's DC Streetcar H/Benning Line are due to begin on February 27 after more than a decade of planning, construction and testing.

ROLLS-ROYCE is to supply 100 2200kW MTU Series 4000 diesel engines for freight locomotives in Argentina in a €30m+ deal with China Railway Rolling Stock Corporation (CRRC).

Rolls-Royce, Britain, and China Yuchai International subsidiary Guangxi Yuchai Machinery Company (GYMC) have formed a 50:50 joint venture for the production of MTU diesel engines under licence in China. Both parties will invest RMB 75 million ($US 11.4m) in the joint venture.

Battery manufacturer Saft has won a multi-million dollar contract from Southeastern Pennsylvania Transportation Authority (Septa) to supply lineside lithium-ion energy storage equipment.

JR East, Japan, plans to spend Yen 1.04 trillion ($US 9.1bn) on upgrading its Tokyo - Morioka and Niigata – Omiya high-speed lines from 2031.

CHANNEL Tunnel operator Eurotunnel says revenues and profits for the year ending December 31 2015 rose.

A feasibility study into the construction of a €1bn route between Dobbiaco and Calalzo in Italy's Belluno province will take place following an agreement signed on February 13.

GOVIA Thameslink Railway, Britain, has completed its order of 25 class 700 EMUs from Siemens in a £200m deal after securing funding from British leasing company Rock Rail.

UNITED States railway investment company Iowa Pacific Holdings has sold its shareholding in Andean Railways Corporation for an undisclosed sum.