Latest Business News
All the latest business news in the rail sector.
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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.
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Abellio Rail Folds in Germany, Concessions Given to Other Operators
Following ongoing financial problems, NS-subsidiary Abellio will cease operating in Germany, with concessions awarded to other operators.
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Alstom Invests in Morocco with New Transformer Production Line
Alstom will build a new production line in Morocco in order to manufacture on-board transformers in-country.
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Go-Ahead Launches First Bavarian Services
Go-Ahead has launched its first services in the German state of Bavaria, following the launch of services in Baden-Württemberg in 2019.
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Canadian Pacific Shareholders Vote in Support of CP-KCS Merger Agreement
Canadian Pacific (CP) shareholders have voted in favour of the CP - Kansas City Southern (KCS) merger agreement.
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Network Rail Plays its Part in Fighting Period Poverty
As part of an initiative to help tackle period poverty, Network Rail has begun offering free sanitary products at Leeds station.
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Arriva Group Signs Six-Year National Rail Contract with DfT for Chiltern Railways
Arriva Group, which owns the Chiltern Railways operating company, has signed a six-year National Rail Contract with the DfT.
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Alstom and MOL to Explore Use of Hydrogen Technology on Hungarian Rail Network
Alstom has signed an MoU with oil and gas company MOL to explore the use of hydrogen technology for rail transport in Hungary.
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Hitachi to Acquire Bombardier's Contribution to the V300 ZEFIRO from Alstom
As part of Alstom's acquisition of Bombardier Transportation, the companies agreed to divest a number of assets, including the V300 ZEFIRO.
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Canadian Pacific and Kansas City Southern Reach New Milestone in Merger Saga
Canadian Pacific and Kansas City Southern have now received the necessary regulatory approval from Mexican authorities regarding their merge…
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ORR Finance Report: Rail Industry Recovering from Pandemic
The ORR has published its Rail Industry Finance report for 2020–21, showing that the sector is recovering from the coronavirus pandemic.
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Alstom and Liebherr Collaborate on Optimisation of Hydrogen Fuel Cells
Alstom and Liebherr – Aerospace and Transportation SAS have signed a collaboration agreement aimed at optimising hydrogen systems.