Rail

The latest rail industry and company news and analysis from FriedlNews
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ÖBB: Cost of Frohnleiten Bridge Collapse Will Reach Millions

ÖBB Austrian Railways expects costs for repair of collapsed bridge to cost several hundred thousand euros per day.

February 23, 2015

ÖBB to Invest Almost EUR 90 Million in Infastructure in Salzburg

This year the Austrian railways will invest almost EUR 90 million (USD 102.48 million) in infrastructure in the land of Salzburg.

February 6, 2015

Kapsch CarrierCom Deal in Czech Republic Blocked

The Czech competition watchdog UOHS has banned the state-owned railway operating company SZDC from concluding a contract with Kapsch CarrierCom for a railway telecom system (GSMR) worth CZK 216.6 million (EUR 7.8 million /USD 8.8 million), at least for the time being, Czech news portal iDnes.cz reports.

January 30, 2015

Logistics Cartel of RCA Slammed EUR 17.5 Million Fine

The antitrust court fined about 30 logistics enterprises, involved in a cartel that was discovered in 2010, a total of EUR 17.5 million (USD 19.67 million). A fine of EUR 8.5 million was imposed on the cargo carrying division of railway company ÖBB, the firm Rail Cargo Austria (RCA).

January 26, 2015

Appeal of Siemens Against Order for Bombardier Rejected

The appeal submitted by Siemens against the allocation of a major order of city transport company Wiener Linien to Bombardier has been rejected.

January 23, 2015

Gebrüder Weiss Opens Three Branches in Moscow

Logistics Company Gebrüder Weiss is consolidating its network, and with the Russian location, will be closing a geographical gap between its branches in Europe and Asia.

January 13, 2015

ÖIAG Revamp: Mitterlehner Hopes to See Joint Proposal on Tuesday

Austrian Vice-Chancellor and Economy Minister Reinhold Mitterlehner (ÖVP) hopes the government will be ready to present a new, joint proposal for state holding ÖIAG on Tuesday.

January 12, 2015 · Updated: January 12, 2015; 19:30

Voestalpine Steel buys Australian Rail & Track Firm BRFC

Listed steel group voestalpine will buy Australian rail and track components maker Bathurst Rail Fabrication Center (BFRC), voestalpine said Tuesday.

December 16, 2014

OBB Austrian Railways Gets EUR 600 Mln Loan from EIB

Austrian staterun railway firm OBB will receive EUR 600 million (USD 738.9 million) from the European Investment Bank (EIB) for the modernisation of Austrian rail network, the bank said Friday after signing the contract.

December 5, 2014

Austrian Railways Buys Trains Worth EUR 590 Mln, Issues EUR 1 Bln Bond

State-owned rail carrier OBB will but 101 new Siemens trains for commuter traffic for EUR 590 million and unit OBB Infrastruktur will issue a EUR 1 billion 10Y bond.

November 12, 2014