Chinese SOE (state-owned enterprise) CRRC (China Rail Rolling Stock Corp.) “is less innovative than European and Japanese firms, but mercantilist policies help it dominate in China and expand globally. This starves superior firms of revenue, reduces their R&D and slows the pace of global innovation,” according to a report from an independent Washington, D.C.-based think tank.
ARS Canada Rolling Stock Co. is entering the North American freight railcar market with support from a $3 million repayable contribution from the New Brunswick Provincial government in Canada. Here we go again.
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.
Germany’s Federal Cartel Office has approved CRRC Zhuzhou Locomotive’s acquisition of Vossloh Locomotives, saying its concerns do not justify rejecting the merger.
“CRRC AND BEIJING’S DASH FOR GLOBAL ROLLING STOCK DOMINANCE,” a report prepared by Radarlock, which describes itself as “a research organization that uses data-driven analysis to understand techno-economic dynamics in world affairs,” says that China Railway Rolling Stock Corp. (CRRC) is an arm of the Chinese government with “indelible ties to the Chinese Communist Party,” and whose executives “wear dual hats as corporate and as Party leaders.”
The Massachusetts Bay Transportation Authority has taken all of its new CRRC (China Railway Rolling Stock Corp.) MA-built Orange Line rapid transit cars out of service to install replacement door bump stops after one door leaf opened on one car while its six-car trainset was in motion, according to a report by MASSLive. The trainset went into emergency braking automatically and stopped, according to the MBTA. No injuries were reported.
The Railway Supply Institute (RSI) sent a letter to Congress on Sept. 5 urging members of the House and Senate Armed Services Committees to preserve, in Conference, existing language in H.R.2500/S.1790, the National Defense Authorization Act (NDAA) for Fiscal Year 2020, that would prevent federal funds from being used to award a contract or subcontract for the procurement of transit vehicles to priority enterprises owned, controlled, or subsidized by SOEs (State-Owned Enterprises) falling under three specific definitions.
CRRC presented its SigThemis ETCS solution at the UITP Global Public Transport Summit in Stockholm on June 10.
The U.S. Senate and House of Representatives have each passed versions of a U.S. Department of Transportation 2019 appropriations bill that would impose a one-year ban on new procurements of transit railcars or buses from companies owned or subsidized by the Chinese government (namely, CRRC, China Railway Rolling Stock Corp.), if the procurement uses any Federal Transit Administration formula or bus funding, according to an Aug. 1 Eno Center for Transportation report written by Jeff Davis, Senior Fellow and Editor of Eno Transportation Weekly.
CRRC MA, which is constructing new passenger railcars for the Massachusetts Bay Transportation Authority (MBTA) Orange and Red lines in Boston, recently held a Supplier Diversity and Procurement Fair encompassing more than 40 minority and women owned businesses and approximately 150 corporations.