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Rolls-Royce Signs Agreement to Sell Bergen Engines to TMH Group

WIL BALDWIN February 7, 2021

Rolls-Royce has signed an agreement to sell the Bergen Engines medium speed gas and diesel engines business to TMH International, the international branch of TMH Group, for net proceeds of approximately EUR 150m. TMH Group,…

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Talgo Begins Rail Test for Very High-Speed Avril Train

WIL BALDWIN February 6, 2021

The first unit of the very high-speed train Talgo Avril began its first rail tests this week, a decisive step in the technical homologation, prior to its commercial circulation by Spanish operator Renfe. This is…

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DB Regio Bayern and Siemens Mobility Sign Contract for 31 Regional Trains

WIL BALDWIN February 5, 2021

DB Regio Bayern has ordered 31 regional trains from Siemens Mobility. The trains will serve on routes between Munich, Passau and Regensburg. Siemens Mobility will be delivering 25 double-decker Desiro HC trainsets and six single-decker…

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Kansas City Southern Announces Dividend Increase

WIL BALDWIN February 5, 2021

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Kansas City Southern (KCS or the Company) (NYSE: KSU) announced that its Board of Directors approved at its meeting today a 23% increase in the quarterly dividend on KCS’s common stock,…

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Hitachi Rail Successfully Tests First Battery-Powered Tram

WIL BALDWIN February 2, 2021

Battery-powered tram offers major benefits of requiring no overhead wires or other electrified infrastructure – saving on costs and visual impact On-board batteries allow energy to be additionally recovered during breaking Trial in Florence aims to allow mobility firm to…

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Amtrak Seeking Contractors for New Carrollton Station Project

WIL BALDWIN January 22, 2021

WASHINGTON – Amtrak is transforming Northeast Corridor train travel by enhancing the customer experience, both in stations and on board trains. As part of this effort, Amtrak is currently accepting Letters of Interest from interested contractors until…

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Kansas City Southern and NorthPoint to Develop 220-Acre Wylie Logistics Park in Texas

WIL BALDWIN January 21, 2021

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Kansas City Southern (NYSE: KSU) announced today that it has entered into a joint agreement with NorthPoint Development to develop the master planned Wylie Logistics Park in Wylie, Texas, located adjacent to…

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New Zealand to Benefit from Improved Northland Line

WIL BALDWIN January 18, 2021

The re-opening of the rail line between Whangārei and Swanson in West Auckland is a significant achievement and has immediately boosted KiwiRail’s ability to deliver freight services for New Zealanders. The track opened last week and…

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KCS Announces Fourth Quarter 2020 Earnings Release and Conference Call Time

WIL BALDWIN January 18, 2021

Kansas City Southern (KCS) (NYSE: KSU) will release its fourth quarter 2020 financial results on Friday, January 22, 2021, before the opening of trading on the New York Stock Exchange. KCS will also hold its…

Union Pacific Announces Fourth Quarter 2020 Earnings Release Date

WIL BALDWIN January 18, 2021

Union Pacific Corporation (NYSE: UNP) will release fourth quarter 2020 financial and operating results on Thursday, January 21, 2021, at 8:00 a.m. ET. The company’s management team will host a conference call and live webcast…