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8/24/2009



Rail News: Passenger Rail

Updates from GE Transportation/EuroMaint Rail, Bombardier and MISCOR Group


• GE Transportation and EuroMaint Rail today announced an alliance to provide a range of rolling stock services and technology. With headquarters in Stockholm, Sweden, EuroMaint Rail supplies “whole-life services” for rolling stock, including infrastructure work machines, component overhaul and logistics solutions, according to a prepared statement. EuroMaint Rail is owned by European private-equity company Ratos. In addition to providing service for existing fleets, the alliance will provide a regional service network for GE’s new European PowerHaul® Locomotive, which is projected to cut fuel use by up to 9 percent compared with current operating fleet averages, according to GE.

• The multilevel-type double-decker car that’ll travel the Agence Métropolitaine de Transport’s (AMT) commuter-rail system this fall was unveiled last week at Bombardier Transportation's plant in La Pocatière, Quebec. Bombardier received a 160-car order from AMT in December 2007. Each of the 160 cars will be fitted with 142 ergonomic seats, an intermediate level fitted with benches between the two decks, bicycle stands, and a two-way communication system between passengers and the train crew. Every train will have a toilet, located in the cab car. The cars also will be more accessible for people with reduced mobility. The “unique design” of the cars will enable them to travel throughout AMT’s entire system, including tunnel infrastructures such as the Mont-Royal tunnel, the agency said. Beginning in late fall, the cars will be commissioned at a rate of one train set per month.

• MISCOR Group Ltd reported total second-quarter revenue of $19.4 million, a 36.6 percent decline compared with $30.6 million recorded during the same 2008 period. The supplier of mechanical and electrical industrial products and services reported a net loss of $2.8 million, or 24 cents per diluted share, compared with net income of $600,000, or five cents per diluted share, during second-quarter 2008. “While we are disappointed in our quarter's results, which reflect the continued challenges of the economic slowdown and tightened credit markets, we do see some signs of stabilization and a slight upward turn in certain parts of the economy that should benefit us going forward,” said MISCOR President and Chief Executive Officer John Martell in a prepared statement.


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