Latest Business News
All the latest business news in the rail sector.
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UK: New Tool Launched to Help Measure Rail Industry’s Social Value
A new tool has been launched to help measure the social value of rail investments, infrastructure projects and day-to-day operations.
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SJSC Latvijas Dzelzceļš and Uzbekistan Railways Announce Plans for Closer Collaboration
SJSC Latvijas dzelzceļš and Uzbekistan Railways aim to work more closely to increase freight transport volumes between Latvia and Uzbekistan…
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UK: Priority Seating Week Marks Fifth Anniversary of TfL’s ‘Please Offer me a Seat’ Badge
Priority Seating Week marks five years since Transport for London launched its ‘Please Offer me a Seat’ badge.
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Siemens Mobility Announces Relocation of Berlin Development and Production Site
Siemens Mobility has announced plans to move its Berlin development and production site to a new 26,420 square metre facility in Aldershof.
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DB Speeds Up Project Implementation and Spends 2021's Allocated Funds
Deutsche Bahn (DB) has been able to reduce its residual expenditure on expansion projects by half a billion euros.
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Network Rail Suppliers Sign Up to Science-Based Targets Climate Change Initiative
Over two thirds of suppliers (67%) have committed to Network Rail’s science-based targets initiative aimed at limiting carbon emissions.
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Back in Black: Deutsche Bahn's Goal for 2022
DB expects a positive operating result in the current financial year, with sales predicted to hit over 48 billion euros (53bn USD) in 2022
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Govia Thameslink Railway Awarded National Rail Contract Following ERMA
GTR will continue to operate the Thameslink, Southern and Great Northern rail services, having been awarded a new contract by the DfT.
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VR Group Strengthens Position with Acquisition of Arriva Sverige
VR Group has announced its acquisition of Arriva Sverige – part of passenger transport company Arriva Group, which is owned by Deutsche Bahn…
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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.