CAF's third-quarter profits for the period ending September 30 have been adversely affected by unfavourable exchange rate fluctuations and particularly the devaluation of the Brazilian Real against the euro.
ROME-based open-access operator Italian Railway Company (CFI) announced on October 23 that it is acquiring Italian railfreight operator RailOne for €8.6m from Gruppo Toto.
TRINITYRAIL Asset Management, United States, has agreed an extension to its alliance with equipment finance specialist Element Financial Corporation under which Element will purchase leased freight wagons worth $US 1bn between 2016 and 2019.
GERMAN Rail (DB) has recruited investment bank Lazard to explore options for its Arriva passenger rail and bus subsidiary, including a stock market listing, while it is also looking at the future structure of its DB Schenker railfreight division.
EUROPEAN Union transport ministers agreed on October 8 to allow open-access passenger operators to compete with incumbent national railways from 2020 as well as reforms to the way subsidised services are provided.
AGT Food and Ingredients, Canada, announced on October 5 that its Alliance Pulse Processors subsidiary has reached a $C 57m ($US 43.7m) agreement to acquire Mobil Capital Holdings and its subsidiaries, including shortline operator Mobil Grain.
This month Finnish national train operator VR Group will cut 6% of services from its long-distance timetable as part of a bold plan to respond to intensifying competition from bus and air. Keith Barrow reports from Helsinki on how the company is adapting to a changing travel market and a contracting economy.
THE steering committee of Italian open-access high-speed operator NTV met at its headquarters in Rome on October 1 to deliberate on the next steps and future goals for the company, including an order for new trains and an increase in the company's capital.
ALSTOM announced on October 2 that it has completed its acquisition of Swedish rolling stock refurbishment and heavy maintenance specialist Motala Train.
WELLS Fargo announced on September 30 that its wagon finance, leasing and fleet management subsidiary First Union Rail (FUR) has signed an agreement to acquire GE Railcar Services from GE Capital for an undisclosed sum.