Alstom, in an effort to reduce its debt load and negative cash flow position, on April 19 formalized a binding agreement with Knorr-Bremse AG, parent company of New York Air Brake (NYAB),
Knorr-Bremse, the parent company of New York Air Brake, has appointed Marc Llistosella as CEO for a period of three years from January 1, 2023.
Alstom is among the founding partners of McGill University’s new Sustainable Growth Initiative (SGI). Also, Knorr-Bremse is a now customer of and strategic investor in Swiss firm Nexxiot.
Diane Moore and Kevin Simms have been appointed Senior Director-Human Resources and Vice President-Sales and Marketing, respectively, at Knorr Brake Co. (KBC), a brake, door and HVAC system manufacturer for the rail transit industry.
Knorr Brake Company LLC (KBC), the U.S. passenger rail subsidiary of Knorr-Bremse, has secured a subcontract with Stadler US Inc. to supply braking systems for 254 railcars (127 two-car sets) Stadler is building for MARTA (Metropolitan Atlanta Rapid Transit Authority). Exact contract terms were undisclosed; KBC said the amount is a “lower-double-digit million-euro sum.”
Six major companies in the railway and intermodal supply space have reported developments in joint ventures and charitable works.
