Hitachi Group has completed a due diligence on the acquisition of 50% of AnsaldoBreda, the train manufacturing unit of Finmeccanica Group. The two parties might sign the agreement on the takeover of the stakes and decide on the acquisition price of 50% of AnsaldoBreda by June. AnsaldoBreda is one of the large rolling stock manufacturing [...]
Freight One signed a long-term contract with Gazprom Neft for delivery of railway transport services. Freight One will increase transportation volume in tank wagons by 1 million tonnes per annum. The contract with Gazprom Neft will expand the share of VIP clients in the Freight One’s portfolio of oil contract to 70%. In Q1 2012, [...]
Russia may face a new fuel crisis due to a lack of railway tank cars, oil companies warned, rzd-partner.com writes. After several large accidents on the railway network, The Federal Service for Transport Supervision (Rostransnadzor) took out of exploitation over 30% of tank wagons for oil and petrochemicals. Several large refineries may reduce production volume [...]
Spain and Portugal governments have agreed to “support as fast as possible” European gauge railway connections for freight transport on the route Sines-Lisabona-Caya (Badajoz)-Madrid-Irún and Aveiro-Salamanca-Irún. The authorities have said these links are “strategic” for improving exports to Europe and for “increasing the competitiveness” of the companies in the two countries. The declaration of intent [...]
Bombardier Transportation announced it has won an order from Bure for seven BOMBARDIER TRAXX F140 AC locomotives. Bure has purchased these locomotives to lease them to train operator RushRail AB. The locomotives are designed for freight transport in Sweden and Norway, with delivery expected in the fourth quarter of 2012. The contract is valued at [...]
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