SIEMENS’ Mobility Division recorded an 8% increase in orders to €2.5bn in its third quarter financial results released in Munich on July 2, a 4% increase in revenue to €2.1bn, and a profit of €177m, down 1% compared with the same period last year.

ACCORDING to a new metro policy endorsed by India’s union cabinet on August 16, the government will only approve or fund metro projects after state governments have firmed up public-private partnership (PPP) agreements and last mile connectivity plans have been finalised.

AUSTRALIAN rail freight operator Aurizon has announced that it will withdraw from both the intra and interstate Intermodal rail businesses through a combination of closures and sales in the coming months.

AKIEM, the locomotive leasing subsidiary created by French National Railways (SNCF) in 2008 has been partly sold to Deutsche Bank-owned investment business Deutsche Asset Management for an undisclosed sum.

AMERICAN private equity firm KKR has confirmed that it has established European Locomotive Leasing (ELL), which is based in Austria and Germany, and will provide full-service locomotive leasing solutions for freight and passenger operators in continental Europe initially through a fleet of 50 Siemens Vectron locomotives.