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4/30/2020
Bombardier Transportation signed a six-year integrated logistics service contract with Trenitalia to support its Frecciarossa fleet of ETR500 high-speed electric trains in Italy. The contract will ensure continuous availability of consumable spare parts and repairable components for the fleet, including critical components like traction cooling equipment and transformers, Bombardier officials said in a press release.
Trinity Industries Inc. reported first-quarter revenue of $615.2 million, a $10.4 million increase compared with Q1 2019. Trinity attributed the increase to a higher volume of rail cars sold from the company's lease fleet, according to Trinity's financial report. Net income attributable to Trinity was $161.9 million, or $1.33 per common diluted share, an increase of $1.09 per share year-over-year. “We expect COVID-19 to have a negative impact on demand for our products and services, clouding our forecasting abilities and limiting visibility into our financial performance for 2020,” Trinity Chief Executive Officer and President Jean Savage said in a press release.
MPK Krakow in Poland has ordered up to 60 low-floor trams from Stadler Rail. The nearly $124 million order will add to a previous tram order MPK Krakow placed in 2018. Together, Stadler will supply up to 110 trams for the network.
Nederlandse Spoorwegen in the Netherlands has implemented Trimble Inc.’s Nexala solutions to view train defects remotely using real-time monitoring.