Alstom has signed a memorandum of understanding (MOU) with Bombardier and pension fund Caisse de Dépôt et Placement du Québec (CDPQ) to acquire Bombardier Transportation, ending weeks of speculation about a proposed tie up between the two railway equipment manufacturers.
The New York Metropolitan Transportation Authority (MTA) on Sept. 16 released a proposed $51.5 billion 2020-2024 capital investment plan it describes as “by far the highest in the MTA’s history, increasing spending on infrastructure by 70% over current levels.” MTA plans to invest more than $40 billion in New York City Transit subways and buses as well as make major investments in the Long Island Rail Road and Metro-North commuter rail networks.
French National Railways (SNCF) says that traffic on its high-speed services grew by 14% between January and April this year compared with the same period in 2018 when SNCF was suffering from strikes. The growth equates to additional 4.5 million travelers.
Rio Tinto announced Dec. 28, 2018 that it successfully completed its $940 million AutoHaul project to automate the operation of its 1,700-km (1,054-mile) heavy-haul rail network in the Pilbara region of Western Australia, which it says is now the “world’s largest robot and first automated heavy-haul, long-distance rail network.”
Among the Europe-based rail industry suppliers, the big are going to get bigger, it’s just going to take a little longer than expected.
GE Transportation has completed the first of 200 Evolution series diesel-electric locomotives, which it is building at its plant in Fort Worth, Texas, for CN Railway.
Amtrak issued a request for proposals (RFP) on June 1 for the modernization or replacement of aging diesel locomotives used on long-distance and some state-sponsored services.
The boards of General Electric and Wabtec on May 21, 2018 approved the merger of GE Transportation with Wabtec in a deal worth $11.1 billion. The merger will make Wabtec a Fortune 500 company and a major player in the railway equipment and services market, with operations in more than 50 countries.
An American private equity firm has been rebuffed in its attempt to acquire a major provider of passenger rail services in Great Britain.
Light rail is a key to Quebec City’s new multi-billion dollar public transit plan to accommodate residential and business mobility in the eastern Canada metropolis.