Latest Business News
All the latest business news in the rail sector.
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China's High-Speed Maglev Test Line to Complete in 2021
A high-speed maglev test line in Qingdao, with a length of no less than 5 kilometres, is expected to be completed by 2021. Shandong province…
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Alstom Awarded Shanghai Traction and Monitoring Contract
Alstom has been awarded a contract worth 31 million euros to supply traction systems and train control monitoring systems (TCMS) for 156 met…
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Thales to Sell Transport Ticketing and Revenue Collection Business
Thales has entered into negotiations with the private equity firm Latour Capital with a view to divesting its business that provides transpo…
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India Train Crash: Track Fracture Suspected as Cause of Fatal Derailment
The cause of the India train crash is not yet known, however, according to the Times of India, it is thought that a track fracture could be …
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BNSF and KCS join forces to offer Intermodal Transportation between Mexico and the U.S.
BNSF Railway Company (BNSF) and Kansas City Southern (KCS) recently announced a new joint service to offer intermodal transportation connect…
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Hitachi Intercity Trains Begin Digital Signalling Tests
Hitachi Intercity Trains, bound for passenger service on the Great Western route from 2017, have begun testing digital technology designed t…
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Amtrak: Thank You for our Best Year Ever!
Amtrak reported exceptionally strong unaudited financial results for the fiscal year which ended on September 30, 2016 (FY 2016), including.…
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Government Moves to Make Rail Claiming Compensation Easier
Rail passengers are more willing and able than ever before to demand and get fair Rail Claiming Compensation if their train is late or cance…
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Australia: Three New Stations and up to 3,000 Jobs On Mernda Rail
The Victorian Government will build three state-of-the-art stations at Marymede, Mernda and Hawkstowe as part of the Mernda Rail Extension P…
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HS2 Names £900m Enabling Works Contracts
HS2 took a step closer to construction today with the confirmation of three joint ventures to deliver essential early works, including...
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Nokia to Provide Korea with 'World's First' LTE-R Network
Nokia has been selected by the Korea Rail Network Authority (KRNA) as a supplier for the world's first LTE-R mobile broadband network to...
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Canada: Opening Date for Evergreen Extension Revealed
The $1.43-billion rapid transit Evergreen extension will officially open to the public on Dec. 2, 2016, Port Moody-Coquitlam MLA Linda Reime…
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Arriva Takes Over London Overground Concession
Arriva, one of Europe’s biggest transport operators, takes over the sole running of London Overground concession from today. Arriva was awar…
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Virgin Trains Unveils Vision for Station of the Future
In a radical new open plan design, Birmingham International’s ticket office has been transformed, the traditional booking window is now a th…
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Transnet Grabs Market Share Despite Weak Economy
State-owned freight and logistics company Transnet reported a steady rise in revenue and maintained profitability as the company continues w…
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Bombardier Turnaround Plan Improves Financial Performance
Bombardier reported its third quarter 2016 results and highlighted solid performance executing its turnaround plan. With strong year-to-date…
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Hyperloop One: Dubai to Abu Dhabi in 12 Minutes
Hyperloop One and the United Arab Emirates are on the fast track to building out the first hyperloop system. H1 recently announced it would …
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We Need to Talk about Phones – Distraction Kills
We normally think of drivers using phones when we think of transport-related deaths due to phones. But distraction kills in rail travel too.
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New Rail Contract to Keep Lorry Loads off Busy Roads
DB Cargo UK will run more than 15 train services a week under a new 10 year deal with Day Group, keeping the equivalent of more than 190 lor…
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Investigation into Fatal Tram Derailment Underway
The Rail Accident Investigation Branch is investigating a fatal tram derailment that occurred near to Sandilands Junction on the London Tram…
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Citybanan in Stockholm to open in July 2017
On July 10 2017, the Citybanan cross-city tunnel under Stockholm will open for revenue. Construction of two new commuter rail stations and t…
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UK: New Trains will be Faster, Smarter and Better Connected
The new carriages are part of the wider Railway Upgrade Plan which will see rail companies delivering over £50bn of improvements over the ne…
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SNCF Presents Stylish New TGV Oceane
SNCF CEO, Guillaume Pepy, recently presented the new interior design for the TGV Oceane. The unveiling took place at Paris' Montparnasse-Vau…
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DfT: New West Coast Franchise Will Partner with HS2
The government today announced a new rail franchise which will combine the current InterCity West Coast services with the development of HS2…