Porterbrook news – Page 2
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Rail Business UKPorterbrook appoints Chief Operating Officer
UK: Porterbrook has appointed Ben Ackroyd as its first Chief Operating Officer, with strategic responsibility for all operational aspects of the business. Currently Managing Director of Trenitalia c2c Ltd, he is expected to join the rolling stock leasing and asset management company in spring 2022. ‘The ...
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Rail Business UKTwo investors to take 30% stake in Porterbrook
UK: An agreement has been signed for UK investment fund Dalmore Capital and Israeli energy and infrastructure fund Generation Capital to acquire the 30% shareholding in rolling stock leasing company Porterbrook that is currently held by The Infrastructure Fund, Utilities Trust of Australia and the NatWest ...
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Rail Business UKHybridFLEX prototype battery-diesel multiple-unit launched
UK: Chiltern Railways has unveiled its prototype HybridFLEX multiple-unit fitted with a hybrid traction system which can offer zero emissions and near silent operation at stations and in other sensitive locations. Developed by the operator, leasing company Porterbrook and MTU PowerPack supplier Rolls-Royce, the HybridFLEX uses ...
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Rail Business UKSustainability focus at the 24th Rail Business Awards
UK: The 24th Rail Business Awards is looking to recognise and celebrate excellence in sustainability and environmental initiatives across the UK rail sector.
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Rail Business UKRIA calls for hydrogen train commitment to make the UK a world leader
UK: Calling on the government to commit to placing orders for hydrogen trains, the Railway Industry Association has published a briefing document highlighting the role that hydrogen could play on the rail network. RIA says hydrogen trains could support further decarbonisation of an already low carbon ...
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Rail Business UKClass 769 bi-mode trainsets enter service with Northern
UK: Considerably later than envisaged, Northern’s first Class 769 bi-mode multiple-units entered service with the start of the new timetable on May 17.
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Rail Business UKPorterbrook to develop dedicated freight strategy
UK: Rolling stock leasing and management company Porterbrook has appointed of Mark Wyborn as its new Head of Freight Commercial, with responsibility for developing its first dedicated freight strategy and building ‘strong commercial partnerships’ with existing freight operators, new market entrants and Network Rail. ‘His appointment ...
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Rail Business UKAlstom awarded £25m Class 458 upgrading contract
UK: Leasing company Porterbrook has awarded Alstom a contract to upgrade the Class 458 electric multiple-units operated by South Western Railway ahead of their redeployment on medium and long distance services from the south coast. The £25m contract announced on April 6 covers an initial 28 ...
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Rail Business UKClass 442s to leave South Western Railway
UK: South Western Railway has halted the project to refurbish 18 Class 442 electric multiple-units for its London Waterloo to Portsmouth route, and the sets will now be returned to leasing company Angel Trains. Kiepe Electric had been awarded a £45m contract to undertaken an extensive ...
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Rail Business UKGB Railfreight orders Greenbrier wagons
UK: GB Railfreight has selected leasing company Porterbrook to finance an order for 100 Greenbrier 60 ft intermodal twin wagons, following an ‘extended commercial exercise’. The contract will initially operate as a 10-year dry lease. The first batch of wagons are scheduled to be completed in ...
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Rail Business UKPorterbrook announces restructuring
UK: Rolling stock leasing and management company Porterbrook has announced a restructuring. With effect from April 1, Head of Structured Finance Stefan Rose will take up the new position of Chief Investment Officer, leading a dedicated team focusing on new and re-leasing passenger, freight and infrastructure ...
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Rail Business UKPorterbrook appoints Head of Site at Long Marston railway technology centre
UK: Porterbrook has appointed Mark Knowles as Head of Site for the Long Marston rail facility, which the rolling stock leasing and management company is scheduled to take over at the end of June under a 15-year lease with owner St Modwen. ...
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Rail Business UKLeasing company takes on DMU heavy maintenance
UK: Responsibility for heavy maintenance, future maintenance optimisation and the enhancement of West Midlands Trains’ Bombardier Transportation Class 172 diesel multiple-units has been transferred from the operator to Porterbrook. The leasing company said this ‘new, more collaborative’ way of working would build on the quality and performance ...
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Rail Business UKGTR launches £55m Electrostar refurbishment
UK: Govia Thameslink Railway and leasing company Porterbrook have begun a £55m five-year programme to modernise 214 Bombardier Transportation Class 377 Electrostar electric multiple-units operated on Southern services, and 56 similar Class 387 units used on Gatwick Express and Great Northern services. The ...
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Rail Business UKGreat Western Railway takes delivery of trimode electro-diesel multiple-unit
UK: Great Western Railway has taken delivery of the first of 19 Class 769 Flex multiple-units equipped to operate using 750 V DC third rail, 25 kV 50 Hz overhead or diesel power. The Class 769 has been developed from Class 319 dual-system EMUs formerly used on ...
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NewsHybrid DMU projects announced
EUROPE: At InnoTrans 2018, Rolls-Royce’s MTU business and leasing company Porterbook signed a letter of intent for the pre-series installation of a hybrid PowerPack on a Bombardier Transportation Turbostar DMU. The PowerPack will incorporate an EU Stage V compliant diesel engine and an electrical unit which ...
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