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HS2 News

HS2 completes construction milestone as 914 tonne modular bridge is moved into place in 45 minutes

The second of four bridges to be completed on the site of HS2’s new Interchange Station at the heart of the new high-speed network, this new bridge will carry the A452 and form part of a major remodelling of the local road network. This will improve the circulation of traffic around the UK’s new high-speed railway, integrating the existing network with the new Interchange Station.

Knorr Bremse News

Knorr-Bremse expands its stake in Rail Vision: Capital increase in start-up for obstacle detection and classification 

 Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has subscribed a capital increase in the Israeli company Rail Vision. Knorr-Bremse has acquired an additional 19.8% of the shares for USD 10 million. As a result, Knorr- Bremse now holds a 36.8% stake in the start-up, which specializes in sensor technology and obstacle detection based on artificial intelligence and deep learning.

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.

Rail Cargo Group News

Producer gas tanks on the sustainable railways

A total of six producer gas tanks from the company Air Liquide in France began their journey on 23/09/2020. By 29/09/2020, they had already reached their destination in Austria.

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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