Europeans and Canada Lead in Fast Rail
According to a story this week in the Wall Street Journal, following up on earlier reports of big Bombardier sales of high-speed trains in China, the leading fast train manufacturers--none of them U.S. companies of course--are continuing to rack up nice global sales. Alstom SA, maker of France's famed TGV, recorded a record 5.69 billion euros (almost $9 billion) in the year that ended March 31. Germany's Siemens has made close to $1 billion from the sale of eight ICE-derived trains in Russia.
Bombardier will earn an estimated $2 billion from its high-speed train sales in China, which, says a Journal source, hopes to build "the most advanced rail network in the world."
Energywise
Comments