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Rail News: Rail Industry Trends

Updates from Bombardier, GATX, Alstom, CAF and TranSystems


• Bombardier Transportation has obtained a $112 million contract from the Hungarian State Railway company, MAV, to supply 25 TRAXX P 160 AC locomotives. The contract includes an option for 25 additional locomotives. Delivery is scheduled to begin in spring 2011. Bombardier also obtained a $41 million contract from the Leipzig transport authority LVB to supply nine low-floor trams. The agency is exercising an option from an earlier contract, under which Bombardier supplied 24 FLEXITY trams. The new trams are scheduled to be delivered in 2011’s second half. Meanwhile, Bombardier and the city of Vancouver yesterday co-hosted the grand opening of the Olympic Line. The company and city will provide free service on the one-mile streetcar line between Jan. 21 and March 21. The line will feature two Bombardier FLEXITY streetcars that are on loan from the Brussels Transport Company.

• GATX Corp. reported fourth-quarter net income of $21.5 million, or 45 cents per diluted share, compared with net income of $28.9 million, or 58 cents per diluted share, in 2008’s fourth quarter. For the full year, net income totaled $81.4 million compared with 2008’s $194.8 million. GATX’s rail segment posted a fourth-quarter profit of $33.9 million vs. fourth-quarter 2008’s $58.4 million. For the full year, the rail division’s profits totaled $169.1 million compared with $309.5 million in 2008. As of Dec. 31, GATX’s North American rail fleet totaled about 111,000 cars.

• Alstom recently released its FY2009/10 third-quarter results for the period between Oct. 1 and Dec. 31. Transport sector orders totaled $2.3 billion for the quarter and $5.6 billion for the fiscal year’s first nine months, a 47 percent drop compared with the “very high level” of orders placed during FY2008’s first nine months, Alstom officials said. Fiscal year-to-date, transport sector sales totaled $6 billion, a 5 percent increase compared with the same FY2008 period.  

• Construcciones y Auxiliar de Ferrocarriles (CAF) recently obtained a contract from Mexico City’s Sistema de Transporte Colectivo to lease 30 seven-car trains, including iron rolling gear, for the Line 12 corridor, which currently is under construction. Under the 15-year service provision contract, CAF also will maintain the trains.

• TranSystems recently announced that Assistant Vice President David Maas will head the firm’s consulting services to support rail industry clients with positive train control (PTC) implementation. He will direct program management and technical support services, including: GIS mapping and track database management services; program management services for commercial power installation applications for wayside equipment; and related technical assistance and consulting services to support PTC implementation.

Contact Progressive Railroading editorial staff.

More News from 1/22/2010