Virgin Enterprises, Britain, has launched legal proceedings against U.S. private passenger rail operator Brightline to recoup $ 251.3 million it says it is owed after Brightline pulled out of a 20-year deal to use the Virgin brand.
Author: David Burroughs
Alstom has completed its $6.68 billion (€5.5 billion) acquisition of Bombardier Transportation, cementing its position as the second largest rail manufacturer in the world after CRRC.
A subsidiary of Italy-based Salcef Group has acquired 90% of the share capital of U.S.-based railway construction and maintenance company Delta Railroad Construction.
The European Commission (EC) has approved Alstom’s bid to take over rival Bombardier Transportation, a move which will create the second largest manufacturer in the rail sector behind CRRC.
Russian Railways (RZD) has developed a draft road map to develop quantum communications, as the company looks to build on successful tests of the secure communications system.
Europe’s Shift2Rail (S2R) research initiative has received 43 requests for a combined €113.3 million in funding in its 2020 call for proposals, around 50% more than the €75.4 million in available funding.
Internal documents stolen during a cyber-attack on Stadler’s headquarters have been published online after the manufacturer refused to give in to ransom demands.
Germany’s Federal Cartel Office has approved CRRC Zhuzhou Locomotive’s acquisition of Vossloh Locomotives, saying its concerns do not justify rejecting the merger.
Siemens and Alstom have begun using their 3D printing capabilities to produce items to protect passengers, staff and medical practitioners during the coronavirus pandemic.
An intermodal platform railcar developed at the turn of the century looks set to finally come into its own, as a new service, an innovative loading/unloading semi-trailer method called Megaswing, launches to improve intermodal freight movements between Germany and Austria.