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GE Transportation-Wabtec merger shakes up supplier ranking THE ranking of the world’s largest railway equipment suppliers is set to change when the agreed merger between GE Transportation and Wabtec comes into force, according to analysis by IRJ.
crc-records-profit-surge-in-2017-debt-reaches-yuan-5-trillion
CHINA Railways Corporation (CRC) achieved a 53% increase in pre-tax profit to Yuan 60.8bn ($US 9.5bn) in 2017 compared with 2016, while the profit after tax soared by 69% to Yuan 1.8bn.Total domestic and international...
ge-transportation-wabtec-merger-shakes-up-supplier-ranking
THE ranking of the world’s largest railway equipment suppliers is set to change when the agreed merger between GE Transportation and Wabtec comes into force, according to analysis by IRJ.An examination of the 2017 financial...
škoda-completes-takeover-of-transtech-finland
CZECH rolling stock manufacturer Škoda Transportation Group has acquired the remaining 25% stake in Finnish train builder Transtech for an undisclosed sum.Škoda purchased a majority stake in Transtech in 2015 and finalised the purchase of...
$us-11bn-ge-transportation-wabtec-merger-approved
THE boards of General Electric (GE) and Wabtec approved the merger of GE Transportation with Wabtec in a deal worth $US 11.1bn on May 21. The merger will make Wabtec a Fortune 500 company and...
british-government-takes-direct-control-of-east-coast-franchise
BRITAIN’s secretary of state for transport, Mr Chris Grayling, has told Parliament that he has decided to take back direct control of the InterCity East Coast franchise from the Stagecoach-Virgin joint venture which currently operates...
alstom-profit-up-despite-drop-in-orders
ALSTOM achieved a 22% increase in adjusted Ebit and a 39% increase in net profit in 2017-18 despite a 28% drop in orders received and a 2% decline in its orders backlog.Sales increased by 9%...
hupac-to-acquire-ers-railways
SWISS intermodal operator Hupac announced on May 2 that it has reached an agreement with Genesee & Wyoming to acquire the entire issued share capital of rail freight operator ERS Railways for €10.4m. The transaction, which...
passenger-growth-and-international-success-boosts-db-profits
German Rail’s (DB) CEO Dr Richard Lutz set out his vision for DB in the wake of the formation of a new federal government, at the national railway’s annual results conference in Berlin on March...
bane-nor-reveals-rail-infrastructure-investment-priorities
IN an effort to spur interest from the supply sector, Norwegian infrastructure manager Bane Nor has revealed further details of the investment priorities for the NKr 120bn ($US 15.08bn) it is set to receive from...
öbb-financial-results-improve
AUSTRIAN Federal Railways (ÖBB) earnings reached their second-highest level in the company’s history in 2017, according its annual results, which were published on April 26. Group Ebit increased by 6% to €176.3m in 2017, with the...