Latest Business News
All the latest business news in the rail sector.
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First Heavy Rail Contract Awarded to Keolis in Australia
Keolis has won a 1.32 billion euro contract to operate and maintain Adelaide's commuter rail network for a period of eight years.
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Alstom Signs Sale and Purchase Agreement with Bombardier
Alstom has signed the sale and purchase agreement of Bombardier Transportation. The transaction is expected to close in Q1 of 2021.
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BNSF Names Katie Farmer President and CEO
Katie Farmer will take over from Carl R. Ice as CEO and President of BNSF starting on 1 January 2021, following his retirement.
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Škoda Transportation Group Member Pars Nova to Invest €17.6m
Pars Nova, a member of the Škoda Transportation Group, is investing 17.6 million euros in new production facilities to expand capacity.
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HS2 Launches Innovation Accelerator Part Two
HS2 Ltd has launched part two of its Innovation Accelerator following a large number of applications in part one.
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Hitachi Rail to Acquire Digital Sensor Company Perpetuum
Hitachi Rail has announced its intention to acquire Southampton-based Perpetuum to help it accelerate its digital strategy for rail.
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Alstom Calls Bombardier Quarterly Results 'Unexpected and Negative'
Following the publication by Bombardier of its quarterly results, Alstom calls the developments at Transportation 'unexpected and negative'.
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University of Birmingham Preferred Bidder for NCATI
The University of Birmingham is the preferred bidder to incorporate the National College of Advanced Transport & Infrastructure (NCATI).
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Commission Approves Alstom's Acquisition of Bombardier
The European Commission has approved the proposed acquisition of Bombardier Transportation by Alstom, following Alstom's commitments.
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EUROFIMA Signs €240m Financing Transaction with FS Italiane
Eurofima has entered into a financing transaction with FS Italiane. It will loan 240 million euros to the Italian operator for 14 years.
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Škoda Transportation Launches 1bn CZK Investment in Pilsen
Skoda Transportation has launched a 1bn CZK (40 million euro) investment in new facilities in Pilsen, for which it will hire 1000+ people.
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Alstom Orders Up on Last Year Despite Coronavirus
Alstom has published its financial results for Q1 of 2020/21, with total orders up compared to the same period in the previous year.
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Skoda Transportation to Acquire Ekova Electric
Skoda Transportation has announced its intention to acquire Ekova Electric in the Czech city of Ostrava. Share transferral expected in 2021.
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Alstom to Submit Commitments to EC for Bombardier Transportation Acquisition
Alstom plans to submit commitments to the Commission in anticipation of its planned acquisition of Bombardier Transportation early next year…
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Construction Start for Siemens Mobility Goole Rail Factory
The UK prime minister marked the start of construction of the Siemens Mobility Rail Factory in Goole, on 6 July 2020.
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DB Cargo Belgium Runs Trains under Belgian Licence
DB Cargo Belgium has begun operating under an exclusively Belgian licence and ran its first train under that licence on 14 June.
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China-Europe Mail Growth Sector for Rail Freight
UTLC Eurasian Rail Alliance says it has seen an increase in mail trains from China to Europe as a result of the restrictions on air freight.
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OEBB Sleeper Trains to Resume across Europe
Coronavirus: OEBB will resume its Nightjet sleeper trains to destinations such as Prague, Zurich, Berlin and Venice starting on 26 June.
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Transport Companies Sign Grand Paris Express Partnership Agreement
RATP Dev, ComfortDelGro and Alstom have signed a partnership agreement to submit joint tenders for the Grand Paris Express.