Latest Business News
All the latest business news in the rail sector.
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US: Hitachi Rail to Build New Manufacturing Hub in Washington County, Maryland
Hitachi Rail has chosen Washington County, Maryland as the location for its new $70m manufacturing site.
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Turkey: High Speed Electric Rail Line Funding Guaranteed by UK Government
The UK is helping finance a new high speed electric railway line in Turkey that will connect Ankara with Izmir.
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LSER Issued with £23.5 Million Penalty over Breach of Contract
LSER has been issued with a penalty notice of 23.5 million GBP by the UK government, following a 'serious' breach of its franchise agreement…
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Stadler Annual Report Highlights Record-Breaking Results
Stadler has shared the findings of its 2021 annual report, detailing historic revenue and order figures from the rail manufacturer.
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Amtrak Recognises Canadian Pacific as Best Host Railroad 2021
Amtrak has recognised the Class 1 railroad Canadian Pacific as the best host railroad of 2021, keeping Amtrak passenger services on time.
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Alstom Signs Strategic Partnership Agreement Worth One Billion Euros
Alstom has signed a partnership agreement with export credit agency KUKE worth €1b to facilitate contract executions and secure financing.
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Ronald Pofalla Announces Departure from Deutsche Bahn
Ronald Pofalla, Deutsche Bahn's director of infrastructure, has announced his resignation from the company at the end of April.
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Alstom Chooses Knorr-Bremse as Its Partner for Coradia Stream Family
Alstom has chosen Knorr-Bremse as its partner to supply braking, entrance and climate control systems for its Coradia Stream trains.
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Court Clears Stadler to Deliver on Austrian Federal Railways Tender
The Supreme Administrative Court of Austria has cleared Stadler, allowing the company to proceed with its contract with OEBB.
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US: STB Hearing Begins into Amtrak Petition to Operate Gulf Coast Passenger Service
A STB hearing has begun into whether Amtrak can operate a passenger rail service between Mobile and New Orleans along America’s Gulf Coast.
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Network Rail Appoints New Route Services Managing Director
Network Rail has appointed Rob Morton as its new Route Services Managing Director, taking over from the outgoing Susan Cooklin.
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EIB Finances Talgo’s Research and Development Strategy with 35m Euro Green Loan
Talgo has agreed a €35m green loan with the European Investment Bank to finance its research, development and innovation (RDI) strategy.
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TX Logistik to Introduce New Service in Sweden
The logistics operator TX Logistik is to introduce a new service in Sweden for European transport company LKW Walter.
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HS2 Shares Rail System Technical Specifications to Support Work Pipeline Visibility
HS2 has signed the Rail Supply Group’s Work Pipeline Visibility Charter and will share its rail systems' technical specifications publicly.
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France: Hitachi Rail’s RATP Maintenance Contract Renewed
Paris Metro operator RATP has renewed its maintenance contract with Hitachi Rail, continuing a partnership that's lasted over 100 years.
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Germany: Transitional Timetable Guarantees Stable Operation on Past Abellio Lines
A transitional timetable for lines previously operated by Abellio ensures regional rail passenger services continue to function reliably.
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Alstom Reviews Growth One Year on from Bombardier Acquisition
Alstom has released the details of its orders and sales for the first nine months of the financial year 2021/22.
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Alstom Announces New CEO for Poland, Ukraine and Baltic States
Sławomir Cyza has been appointed CEO and Managing Director (MD) of Alstom in Poland, Ukraine and Baltic States.
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Canadian National Seeks Line Divestiture as Part of the CP-KCS Merger
Canadian National wants the Surface Transportation Board to order the divestiture of KCS's Springfield Line as part of the CP-KCS merger.
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DB and Germany's Northern States form Future Rail North Alliance
An (MoU)has been signed between DB and five federal states to improve rail infrastructure and expand services across northern Germany.
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United States: CP and Amtrak Sign Agreement in Support of Expansion Plans
Amtrak and Canadian Pacific Railway (CP) have signed an agreement to support each other’s expansion plans in North America.
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Stadler to Take Over Signalling Expert BBR Group
Stadler is taking over German signalling expert BBR Group in order to strengthen its position in the railway signalling market.
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Amtrak Announces Stephen Gardner as New CEO
Amtrak has announced that CEO Bill Flynn is retiring. Stephen Gardner will consequently be appointed as the company’s President and CEO.
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Canadian Pacific Completes Acquisition of Kansas City Southern
CP has completed its purchase of KCS. This will lead to the creation of the only single-line railway linking the Canada, USA and Mexico.