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A commentary says Alstom shares fell sharply after two profit warnings, with the company still weighed down by delayed projects, cost overruns and integration issues after the Bombardier Transportation deal. It says another warning cannot be ruled out as the new CEO prepares a future strategy update in 2027.

Ares has agreed to acquire Infinity Transportation, a US railcar leasing business with about 50,000 railcars leased to more than 350 customers across the US, Canada and Mexico, for about $2.9 billion. Completion is expected in Q1 2027, subject to approvals.

Bay Area voters are backing Measure RTM, a 14-year transit sales tax for operators including BART, Caltrain and AC Transit. Preliminary results suggest it will prevent BART’s planned 2027 station closures and major service cuts, though BART still says a structural funding gap remains.

UIC held a webinar on 3 November 2026 on rail’s role in suicide prevention, covering effective interventions, means restriction, staff training, data sharing and new technologies such as fencing, lighting, CCTV and real-time track intrusion alerts.

Hitachi Rail opened its new Canadian headquarters in Scarborough, Toronto, to serve its signalling and systems business. The company is delivering the Ontario Line and Hazel McCallion Line, and modernizing TTC Line 2 signalling after a $400 million contract award in July.

Alstom says the new-generation TGV, known in France as TGV M, has entered commercial service. It is the first train based on Alstom's Avelia Horizon very high-speed platform and builds on the company's long history in high-speed rail.

Hitachi Rail opened a new C$30 million, 125,000-square-foot headquarters and center of excellence for signalling and systems in Toronto, Canada. The facility is intended to support the company’s signalling and systems work in the Canadian market.

VIA Rail Canada completed the modernisation of its Toronto Maintenance Centre, funded by a US$310 million Government of Canada investment. The upgraded facility supports maintenance of VIA Rail’s new Corridor fleet of 32 bidirectional trainsets and existing equipment, with expanded bays, heavy-maintenance tools and a new vehicle monitoring system.

India’s Railway Board granted conditional clearance for a 16-car Vande Bharat Chair Car trainset built by RCF Kapurthala with Alstom propulsion, allowing operation up to 160 km/h subject to technical conditions. The Board raised issues on displays, protection, cabling, equipment mounting and traction motor rating.

Eurostar appointed Christophe Fanichet, former CEO of SNCF Voyageurs, as its new CEO. He will oversee a EUR 2 billion fleet investment programme, including up to 50 Alstom double-decker high-speed trains under the Celestia programme, with first service expected in May 2031.

BASF InfraService & Solutions Lausitz will haul quartz sand between Hohenbocka and Schwarzheide for Captrain subsidiary RBB using its industrial railway, locomotives and staff. BASF also plans to use spare rail capacity for further third-party freight contracts.

VIA Rail has completed a C$310 million modernization of its Toronto Maintenance Centre, adding expanded heavy-maintenance facilities and a Vehicle Equipment Measurement System for early fault detection. The federally funded project supports VIA’s new Siemens Venture Corridor fleet and existing trains.

Alstom cut its 2026/27 forecasts, with expected operating margin reduced from 6.5% to 1%, and delivery delays pushing some revenue into later years.

Canada has shortened the timetable for Roberts Bank Terminal 2 at the Port of Vancouver to 2035, with a final investment decision expected by mid-2027. The project includes a widened causeway with road and railway infrastructure, while the federal government is also developing a broader rail strategy for the port.

Alstom says the new-generation TGV M, based on its Avelia Horizon platform, has entered commercial service in France on SNCF’s Paris–Marseille route. The train offers higher capacity, lower energy use and predictive maintenance features, and is the first operational reference for the platform.

Alstom announced the first ETCS Level 2 passenger service in Romania, using a Traxx Passenger electric locomotive and ETCS Level 2 trackside infrastructure between Buftea and Brazi on the Bucharest–Budapest line. The service began after the locomotives entered passenger operation in September 2026.

Montenegro’s transport ministry has opened a World Bank-financed tender for the design, supply and installation of safety equipment at 22 railway level crossings.

SRI Rail Invest ordered a Vectron Dual Mode locomotive for delivery in late 2027 or early 2028. In a separate deal, it arranged financing for Projektbahn to acquire former ICE 2 vehicles from DB Fernverkehr.

Alstom said first-half revenue rose 3% to €9.3 billion and orders rose to €11.0 billion, but it cut its 2026/27 outlook. The company cited technical issues and testing requirements on the Coradia Max platform and revised margins on selected rolling stock projects.

Stadler has started construction of a new commissioning facility in Weinfelden, Switzerland, to relieve capacity constraints at its Erlen site. The EUR 44 million project includes indoor and outdoor test tracks, final assembly areas and technical space. Operations are expected to begin in the first half of 2028.

Renfe named Siemens Mobility the winner of a tender for up to 40 high-speed trains in Spain, with a rendering shown of the Velaro Novo design.

Amorim Cork Solutions supplied under ballast mats for a railway infrastructure project in Pampilhosa do Botão, Portugal, to help control vibration in a track transition zone beside a bridge. The mats were selected for their elastic support and ability to reduce vibration transmission under repeated train loading.

CRRC Dalian and Temoinsa won an order in Chile for four CDA3 diesel locomotives. The locomotives have a maximum speed of 120 km/h, are intended for routine infrastructure maintenance, and will replace ageing equipment. First delivery is expected in about 18 months.

At InnoTrans 2026, Vossloh launched new fastening systems for conventional, high-speed and urban rail, and added TrackStability software functions for track-buckling risk. The company also won about EUR 60 million in rail fastening contracts for two high-speed lines in Shandong, China, with deliveries from 2027.

Hitachi Rail Spain and Hitachi Rail Turkey signed a contract to supply, install and commission signalling systems on Turkey’s Ankara-Istanbul line at T26 and Bilecik depot. The scope includes interlockings, the Traffic Control Centre, telecommunications expansion, and ETCS Level 1 and 2.