Alstom says it will “take into account the consequences” of the operating and financial developments at Bombardier Transportation in forthcoming takeover discussions after the company reported an adjusted Ebit loss of $383 million in the second quarter of 2020.
Author: Kevin Smith
European Union (EU) antitrust regulators have set a deadline of July 16 for a decision on whether to approve Alstom’s bid for Bombardier Transportation.
Siemens Mobility reported resilient performance in the second quarter of fiscal 2020 in spite of the coronavirus pandemic, joint CEOs, Sabrina Soussan and Michael Peter, revealed in an online press briefing held June 15.
The German subsidiary of Railroad Development Corporation (RDC) has announced the launch of a new, twice-weekly international overnight train service between northern Germany, Bavaria and Austria.
Progress Rail has sold its Progress Rail Equipment Leasing (PRELC) subsidiary to affiliates of Paceline Equity Partners, a Dallas-based private equity manager.
RAILWAY AGE, NOVEMBER 2019 ISSUE: Enhanced energy management systems, smart end-of-train devices and moving-block signaling and train control are all under development at Union Pacific as it embarks on a journey to autonomous operation.
Genesee & Wyoming Canada (GWC) will cease operating Northern Ontario’s Huron Central Railway (HCRY) in early 2020 after failing to secure sufficient capital investment from the Ontario provincial and Canadian federal governments to keep the 172-mile line in northern Ontario open.
IRJ at RAILWAY INTERCHANGE 2019: Local supplier Robolube hosted demonstrations of its advanced gauge face lubricator system at BNSF’s Northtown Yard outdoor exhibition area in Minneapolis. The system “offers complete wheel lubrication coverage and no waste, eliminating potential environmental contamination,” the company said.
IRJ at RAILWAY INTERCHANGE 2019: One of the highlights of the outdoor exhibit was Harsco’s TX16 tamper, the supplier’s first new tamper vehicle since the 1990s, which it is supplying to CN.
IRJ at Railway Interchange 2019: Voestalpine is exhibiting a concrete sleeper with a new fastening system designed to offer the strength and gauge holding ability of a concrete sleeper with the modulus of wood.