Wabtec Corp. was selected to implement the positive train control (PTC) system for the New Mexico Rail Runner Express (NMRX), in an order worth $55 million. Under the contract, Wabtec will implement its Interoperable Electronic Train Management System, a PTC safety-overlay system, on NMRX, including all necessary wayside and communication design and dispatch upgrades. Wabtec will also provide full back office server support, as well as equipment and software upgrades to nine NMRX locomotives and nine cab cars. The contract schedule calls for NMRX PTC assets to be in revenue service by late 2020, according to a Wabtec press release.
Helaba completed the acquisition of the Land Transport Finance customer loan portfolio from DVB Bank SE. Personnel associated with the loan portfolio will also integrate into Helaba. As a result of the transaction, the company’s rolling stock rail finance segment has grown to a total volume of $2.2 billion, according to a Helaba press release.
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