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GE Equipment Services Completes its First Rail Wagon Financing in India
NEW DELHI, India — GE Equipment Services, the transport solutions provider of the General Electric Company, announced today that it has provided financing to ETA Engineering Pvt. Ltd. (ETAPL) for the purchase of more than 200 rail wagons for use on India’s railways. The wagons are designed to carry freight containers. Container cargo is the fastest-growing freight segment, increasing on average at approximately 15 percent annually. The increase in foreign trade and the containerization of domestic cargo are largely fueling this growth. Container flat trains are also part of the government’s new railway wagon policy that has led to the
Miscellaneous
Timken Wins New Rail Customer in Norway
CANTON, Ohio –The Timken Company recently supplied Norwegian mining company Rana Gruber AS with cartridge bearings that significantly increased the load capacity of freight cars transporting iron ore. Rana Gruber is Timken’s first rail customer in Norway, where extensive upgrading of rail freight operations is expected within the coming years. Rana Gruber’s goal was to modernize its fleet and increase load capacity. This involved installing new axles and wheels, and Timken proposed a solution that included Timken® AP-2 Class K cartridge bearings set in adapters that permit simpler assembly and easier maintenance. The adapter solution is common in North American
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CSC Signs Multi-Year IT Outsourcing Contract With Network Rail in United Kingdom
EL SEGUNDO, Calif. — Computer Sciences Corporation announced that it has signed an information technology (IT) services contract with Network Rail, owner and operator of the UK’s railway infrastructure. The agreement, which has a five-year base period and one three-year option, coincides with a significant infrastructure investment by Network Rail essential to providing the UK with a safe, reliable and efficient railway. Under the terms of the contract, CSC will provide midrange services and Oracle ERP support. The midrange work includes server maintenance and management, data center hosting, security, disaster recovery planning and storage area network management. Approximately 70 members
Miscellaneous
Wabtec Unit Signs $40 Million Contract to Maintain Locomotives for HSBC Rail
WILMERDING, Pa. — Wabtec Rail, a UK-based unit of Wabtec Corporation, has signed a $40 million, five-year contract to maintain 31 high-speed locomotives for HSBC Rail, a leading lessor of rail equipment in the UK. The Class 91 electric locomotives run on the UK’s East Coast Main Line at speeds of up to 125 mph. Wabtec Rail will be responsible for all maintenance and running repairs, and for improving equipment reliability. “For Wabtec, this contract is another example of the expansion of our aftermarket business globally,” said Albert J. Neupaver, Wabtec’s president and chief executive officer. “In addition, the project
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Rotterdam Decides to Extend its Citadis Fleet with 53 More Tramway Train Sets from Alstom
ROTTERDAM, Netherlands — RET, the public transport operator of Rotterdam in the Netherlands has selected Paris-based Alstom to supply 53 Citadis tramway train sets that will replace the current, 25-year-old fleet. The order is worth over $138 million. The contract is slated to be signed in October 2007, and delivery is scheduled for mid-2009 and will proceed at a rate of four train sets per month. The tramways will be manufactured at Alstom’s facility in La Rochelle, France. In 2000, Rotterdam was one of the first Citadis customers, ordering 60 tramway train sets for its “Tram-plus” network. The last tramway