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Rail News: Rail Industry Trends

Updates from Siemens, Voith, PowerRail and Marsh


• Siemens signed several agreements with the Russian Railways aimed at expanding their cooperation to modernize rolling stock. The agreement creates a joint venture to produce, supply and service Russian electric trains. Under the pact, plans for a joint venture between Siemens and Aeroexpress will be developed by fall. In addition, 22 stations will be modernized by 2026.

• Voith Turbo will supply 42 RailPacks with T212bre turbo transmission for 20 diesel rail cars owned by SNCFT Tunisian State Railways. The first prototype is scheduled for testing in Tunisia in mid-2011. Delivery is expected to be completed by 2012.

• Providence and Worcester Railroad Co. (P&W) is implementing an emission reduction program using idle-reducing auxiliary power units (APUs) manufactured by Power Drives and installed and serviced by PowerRail Distribution Inc. When the program is complete, 17 P&W locomotives will be equipped with APUs.

• Insurance broker and risk advisor Marsh announced three appointments to its Global Rail practice: Jim Beardsley was named global leader; Jim Wolfarth, senior vice president of casualty; and John Raymond, senior VP of property. Beardsley previously served Aon as head of its rail practice. Wolfarth previously was executive and senior casualty broker for Aon and Raymond was senior VP specializing in property for Willis Risk Solutions.

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More News from 7/19/2010