Formed following the merger of Chinese state-owned companies CSR and CNR in June 2015, CRRC is by some distance the world's largest rolling stock manufacturer. While its rise is based largely on demand from its vast domestic market, the company is now engaged in a push to boost exports, as vice-president Weiping Yu reveals in an exclusive interview with Kevin Smith.
WITH an increasing number of cities constructing light rail networks in response to growing urbanisation, and ageing fleets up for renewal, the market for LRVs is expected to grow at 4% per annum over the next five years, according to the latest market study by SCI Verkehr.
THE latest survey by SCI Verkehr, Germany, of the world's 50 largest rolling stock manufacturers shows a new line up of the top 10 companies, with CAF, Hyundai-Rotem and Kawasaki being ousted by Stadler, Trinity Industries and Uralvagonzavod.
SCI Verkehr's latest study of the railway infrastructure market, which was valued at €56.9bn in 2012, identifies the structural changes underway as well as the ranking of the top players. Karl Strang of SCI Verkehr analyses the trends.
EUROPEAN railfreight reported negative results in terms of transport performance and profits in 2013 and with the weak economic situation continuing, performance remains someway off matching the pre-economic crisis high of 2007.
GLOBAL demand for diesel locomotives is recovering well from the worldwide economic recession and is expected to grow by 17% per annum up to 2017. However, deliveries in Europe are in decline and are only expected to recover slightly in the next few years.
For decades Africa has been at the fringes of railway development. However, growing international interest in its rich mineral deposits and the need to better serve swelling urban populations is transforming the continent into one of the world's most dynamic railway markets, as Kevin Smith discovers from the findings of SCI Verkehr's latest market study.