Rail News Home Railroading Supplier Spotlight 4/30/2020 Rail News: Railroading Supplier Spotlight Bombardier Transportation will provide integrated logistics services for Trenitalia's ETR500 fleet (shown).Photo – Bombardier
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.
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