Freight Wagon Business Moves East

This article describes how there is considerable movement in the world market for freight wagons. The article shows how a major shift is taking place in the worldwide freight wagon market as sales in the former Soviet Union exceed those in both the Asian and North American markets for the first time. There are also major changes on the horizon in the European manufacturer landscape. Against the backdrop of a notable revival in demand, the insolvency of European market leader International Railway Systems (IRS), Luxembourg, has caused great uncertainty. The current global market volume for freight wagons is worth around 8.7 billion euro per year for new business and some 8.3 billion euro per year in the after sales segment. Following the 2009 downturn, new wagon business has recovered to two-thirds of what it was during the peak in 2008. The article describes how all markets were affected by the crisis, but the actual effects on market development vary considerably between areas. The main growth driver for the both freight wagons and diesel locomotives is the former Soviet Union.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/07445326
• Publication Date: 2011-7

Language

• English

Media Info

• Media Type: Print
• Features: Figures; Photos;
• Pagination: pp 16-17
• Serial:
  • International Railway Journal
  • Volume: 51
  • Issue Number: 7
  • Publisher: Simmons-Boardman Publishing Corporation
  • ISSN: 0744-5326

Subject/Index Terms

• TRT Terms: Economic growth; Freight cars; Freight traffic; Freight transportation; Railroad traffic; Railroad transportation; Regional economics
• Geographic Terms: Asia; Former Soviet Union; North America
• Subject Areas: Economics; Freight Transportation; Railroads;

Filing Info

• Accession Number: 01349444
• Record Type: Publication
• Files: TRIS
• Created Date: Aug 10 2011 10:42AM