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Rail News: Rail Industry Trends

Updates from Siemens, Ansaldo STS, Wabtec, Peab, Knorr-Bremse and ShipXpress


•    Siemens Mobility has received a contract from Rapid MetroRail Gurgaon Limited to build a 3.8-mile metro line to the urban business district of Gurgaon Cyber City, Delhi, India. The line will link the new business district with the city’s metro rail network. The system is slated for completion by the end of 2012.

•    Ansaldo STS announced first quarter value of production totaling $352.9 million, up 2 percent compared with first-quarter 2009. During the first quarter, Ansaldo STS reported a net profit of $19.2 million, down 7.7 percent from the same period last year. As of March 31, new orders total $390 million vs. $703 million as of March 31, 2009.

•    Wabtec Corp. reported first quarter sales of $364 million, down from $378 million for the same period last year, but the company’s highest quarterly figure since then, according to a press release. Income from operations totaled $51 million, or 14.1 percent of sales vs. 14.7 percent in the year-ago quarter. At the end of the first quarter, the company had $179 million cash and $419 million in debt.

•    Peab has received an $18.3 million contract to build one of the rail expansion phases on the Norway/Vänerbanan route between Veland and Prässebo, south of Trollhättan. The contract includes 2.2 miles of double track, a railway and a road bridge, as well as three short tunnels for double track. Work will begin immediately and the project is expected to be completed in 2012.

•    Knorr-Bremse has been contracted by Japanese railway company JR East to supply braking components for the traction bogies of 23 units of the new E5 generation of the Shinkansen high-speed train.  

•    ShipXpress has been named one of the 100 best logistics IT providers for 2010 by Inbound Logistics. Logistics IT providers were ranked based on their ability to solve transportation and logistics challenges and how logistics IT solutions impact all business activities and drive integration across internal processes, as well as external processes for vendors and customers.

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More News from 4/27/2010