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.
THE Australian federal government published its 2017-18 budget on May 9, committing up to $A 20bn ($US 14.7bn) in current and forward investment in rail projects that it says will cut congestion in cities, provide growth in regional areas and create new employment opportunities.
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.
The Czech Republic is currently engaged in an unprecedented programme of infrastructure upgrades. Pavel Surý, director general of Czech railway infrastructure manager SŽDC, speaks exclusively to Kevin Smith and Quintus Vosman about how this work is transforming domestic and international services.
