Urban rail business news

The latest business news from the global urban rail supply industry.

Stadler US has officially inaugurated its factory in Salt Lake City.

Stadler inaugurates Salt Lake City factory

14 May 2019

USA: Vehicles being built for Caltrain and TEXRail were used to re-enact the completion of the transcontinental railway at Promontory Summit 150 years before as part of celebrations marking the official inauguration of Stadler US ... more

FS owns a stake in Milano metro Line 5 concessionaire Metro 5 SpA.

Urban mobility a feature of FS Group’s investment plan

14 May 2019

ITALY: State railway holding FS Group Chief Executive Gianfranco Battisti unveiled an ‘unprecedented’ spending programme on May 10, with €58bn to be invested across various modes in 2019-23. A total of €28bn is to be spent on ... more

Scomi has supplied monorail vehicles to cities including Kuala Lumpur.

Scomi Rail ordered to wind up

10 May 2019

MALAYSIA: The High Court ordered the winding-up of monorail manufacturer Scomi Rail on May 6. The order follows Scomi Rail defaulting on debts to Maybank and Voyage Logistics International (Malaysia). The property of the Scomi ... more

CRRC and Tianjin Trust Co have launched a financial leasing subsidiary with the aim of expanding the rolling stock manufacturing group’s export activities.

CRRC launches rolling stock finance business

29 Apr 2019

CHINA: CRRC and Tianjin Trust Co have launched a financial leasing subsidiary with the aim of expanding the rolling stock manufacturing group’s export activities and supporting the government’s Belt & Road ... more

Siemens Mobility has submitted an outline planning application for a £200m rolling stock plant at Goole in East Yorkshire which would manufacture and commission vehicles for the UK market.

Siemens Mobility submits plans for Goole rolling stock plant

24 Apr 2019

UK: Siemens Mobility has submitted an outline planning application for a £200m rolling stock plant at Goole in East Yorkshire which would manufacture and commission vehicles for the UK market. This follows the signing last of ... more