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Rail Cargo Group News
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Vossloh News
Strong earnings in the third quarter in the Vossloh Group - Profitability expectations for the full year raised
Based on the preliminary figures, Vossloh achieved an EBIT of € 24.5 million in the third quarter of 2020 (previous year: adjusted 11.4 million). Overall,EBIT after nine months thus amounts to € 54.5 million with sales of € 617.7 million (previousyear: adjusted € 31.9 million with sales of € 662.1 million) despite noticeable effects of the pandemic. This corresponds to an EBIT margin of 8.8 percent compared to an adjusted 4.8 percent in the previous year. Based on these preliminary figures, the EBITDA margin after nine months is 14.8 percent (previous year: adjusted 10.7 percent). In the first quarter, a carrying amount adjustment of € 15.6 million was recognized in profit and loss resulting from a business combination achieved in stages of a joint venture in China in the Fastening Systems business unit established in the previous year.
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InnoTrans News
World’s leading trade fair for transport technology InnoTrans postponed until 2022
Due to the constantly changing situation regarding the coronavirus pandemic and the resultant lack of planning certainty, InnoTrans is to be postponed until 2022.
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Bombardier News
Bombardier engineer wins Clara Jaschke Innovation Prize 2020 for women
This year’s “Clara Jaschke Innovation Prize” goes to Sara Valipour, engineer at the global mobility solution provider Bombardier Transportation in Hennigsdorf, Germany. This was announced today by “Allianz pro Schiene”, a non-profit, independent association for the promotion of environmentally friendly and safe rail transport. Allianz pro Schiene awards the prize every year to successful women in the railway industry who shape the future of mobility with their innovative ideas.
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Vinci News
VINCI Construction wins two new contracts for the City Rail Link line in Auckland, New Zealand
The Link Alliance, including VINCI Construction Grands Projets (lead company) and Soletanche Bachy International, subsidiaries of VINCI Construction, and their partner Downer, plus designers Aecom, WSP-Opus and Tonkin & Taylor – signed on 20 October 2020 the contract for Packages 5 and 7 for the City Rail Link programme in Auckland, New Zealand.
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HS2 News
HS2 will enable growth in rail freight usage at UK ports
Today (Thursday 22nd October), HS2 Ltd has released a new video highlighting how the additional capacity HS2 will create on Britain’s existing rail network will benefit UK ports and distribution centres that use rail freight for the movement of goods.
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Volker Rail News
Major Supertram rail replacement project ends
The multi-million pound project to extend the lifespan of Sheffield’s Supertram network has concluded, with tram services on the Blue route reintroduced earlier this month, putting the tram system back into full operation.
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ALSTOM News
Alstom becomes first company to achieve full certification for latest digital train control standard
Certification for the latest onboard and trackside ETCS standards reaffirms Alstom’s leading position in digital rail technologies
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Bombardier News
Bombardier Transportation divests activities performed in Huehuetoca, Mexico
Bombardier Transportation has signed an asset sale and purchase agreement to sell the activities of Electrical Wiring Interconnection Systems (EWIS) performed at Bombardier Transportation’s manufacturing site in Huehuetoca, Mexico (BT Ensambles México) to Motherson Sumi Systems Limited (MSSL). The sale will be conducted via, among others, MSSL’s Mexican subsidiary, Motherson Rolling Stocks, S. de R.L. de C.V. (MRS), which is part of the Motherson Rolling Stock Division, that designs and manufactures electrical cabinets, power packs and electrical distribution systems for leading rolling stock suppliers.
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VR Group News
