Progressive Railroading

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


View Current Digital Issue »


RAIL EMPLOYMENT & NOTICES



Rail News Home Rail Industry Trends

3/31/2009



Rail News: Rail Industry Trends

Updates from Siemens, Alstom, RailComm, Kelso Technologies, CFCL Australia, Knorr-Bremse and Global Railway


advertisement

• Siemens Mobility Division has introduced an Avenio single-articulation tram concept. Up to 73 meters in length, the new model will be the longest 100 percent low-floor tram in the world, according to Siemens. The Avenio is a further development of the Combino tram, such as those manufactured for Budapest and Almada, the company said. The Avenio offers lower weight and manufacturing costs because of a lightweight steel car body, new welding technique and fewer installed parts than preceding models. The Avenio will “foreseeably” be built for the first time as an eight-unit vehicle for Tel Aviv, Siemens said.

• Alstom Transport and Russian rolling stock manufacturer Transmashholding (TMH) reached an agreement under which Alstom will support the modernization of TMH’s manufacturing sites and develop a new generation of rolling stock adapted to the Russian market. In addition, Alstom will acquire 25 percent of TMH holding company’s capital at a price that takes into account TMH’s financial results from 2008 to 2011. Both companies also plan to continue manufacturing double-decker passenger cars under a cooperative pact.

• Alton & Southern Railroad has expanded an existing RailComm Inc. Domain Operations Controller (DOC®) System by adding 14 remote-controlled power switch machines at the Bowl and Crest sections of their yard. RailComm added the switches to an existing DOC system to enable the railroad to eliminate hand-thrown switches. RailComm also established a point-to-multi-point wireless data communications network using its RADiANT™ Data Radio technology.

• Kelso Technologies Inc. recently shipped the first quantity of its new CW 3x1 Inspection Valve to one of its largest customers, which commissioned the design for use on its tank-car fleet. Kelso plans to begin marketing the new valve, which is designed to enhance safe inspection of rail tank cars at loading/unloading platforms.

• Rolling stock leasing firms CFCL Australia (CFCLA), Marubeni Corp. of Japan and Marubeni Australia Ltd. have agreed to participate in CFCLA’s Rail Joint Venture, which provides short- and long-term rolling stock leases to Australian rail operators. Under the agreement, CFCLA will retain a 51 percent interest and Marubeni, a 49 percent interest in the venture. In addition, CFCLA will continue to provide commercial and operating services to the joint venture under a long-term pact. The Rail Joint Venture will manage a fleet of 37 diesel-electric locomotives and 805 grain and container flat cars.

• The Knorr-Bremse Group reported 2008 consolidated sales of $4.5 billion, up 4.1 percent compared with 2007. The Commercial Vehicle Systems division accounted for 58 percent and Rail Vehicle Systems division, 42 percent of total sales. However, because of a sharp downturn in worldwide commercial vehicle production in 2008’s second half, incoming orders fell to a value of $4.3 billion vs. 2007’s $5 billion. Annual net income totaled $254.5 million, corresponding to a net return on sales of 5.7 percent vs. 2007’s 6.1 percent, Knorr-Bremse said.

• Global Railway Industries Ltd. reported 2008 revenue of $61.8 million, a 68 percent increase compared with 2007. The CAD Railway Industries Ltd. acquisition and multi-year contracts related to infrastructure spending in the passenger-rail and transit sectors drove the increase, the company said. However, Global Railway reported a $1.7 million net loss and a loss of 11 cents per diluted share for the year, which included a non-cash “goodwill impairment” expense. In the fourth quarter, revenue jumped 59 percent to $16.6 million and the company posted net earnings of $409,000.


Contact Progressive Railroading editorial staff.

More News from 3/31/2009