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Rail Cargo Group News

Record capacity utilisation on TransFER Linz–Duisburg–Wels

After optimising departures, the Rail Cargo Group's connection recorded a sensational 95 percent capacity utilisation in both directions at the start of October.

Stadler News

Stadler to deliver the bestseller FLIRT to the Iberian Peninsula for the first time

The state-owne drailway company Comboios de Portugal (CP) and Stadler have signed a contract for the manufacture and delivery of 22 regional trainsof the type FLIRT.The order value amounts to around 158 million euros. This is the first time that Stadler ́s FLIRT train will be used for passenger service on the Iberian Peninsula

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.

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