Moscow-based European Bearing Corp and Chicago firm Amsted Rail have agreed to form a joint venture which will produce cartridge tapered roller bearings in Russia for the CIS rolling stock market.
Miscor Group has expanded its loco repair and remanufacturing capabilities with the purchase of privately-held American Motive Power Inc funded with working capital through a $15m financing package with Wells Fargo.
A joint venture to use US technology to develop heavy axleload wagons for the Indian market has been formed by FreightCar America and Titagarh Wagons Ltd of Kolkata. The US firm has a 51% share of the capital.
CSX Transportation has launched an online tool to help customers assess the carbon emissions created by their shipment. The carbon calculator, which is accessed via CSX's website, uses weight and journey length data to estimate the reduction in CO2 emissions resulting from the choice to ship by rail rather than road.
