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The Worldwide Railway Maintenance Machinery Industry is Expected to Reach $5.5 Billion by 2027

The Worldwide Railway Maintenance Machinery Industry is Expected to Reach $5.5 Billion by 2027
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Global Railway Maintenance Machinery Market 2021-2025: Number of Railway Electrification Projects Gaining Momentum

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NEW YORK, May 13, 2021 /PRNewswire/
Technavio has announced its latest market research report titled Railway Maintenance Machinery Market by Product and Geography - Forecast and Analysis 2021-2025
The railway maintenance machinery market is poised to grow by USD 2.56 billion between 2021-2025, progressing at a CAGR of almost 9% during the forecast period.
Electric trains are economically more viable and sustainable than fuel-powered trains, due to which there is an increase in railway electrification projects globally. Significant reduction in the emission while transit and faster acceleration and deceleration of the engines compared with the diesel engines are the key drivers for the growth of the electric engines. The governments of various countries are planning to increase the electrification of railways during the forecast period. For instance, the Government of India approved the complete electrification of railways by 2021-2022. Many ....

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Loram purchases rail services division of Montana Hydraulics - Railway Track and Structures

Loram Maintenance of Way, Inc. is excited to announce the acquisition of the railroad services divisions of Montana Hydraulics, LLC. The products and services acquired will be managed under Loram Technologies, Inc., a wholly owned subsidiary of Loram.
Montana Hydraulics’ railroad division provided qualified technicians to perform field services for ballast cars, hydraulic dump cars, and air dump cars as well as repair, maintain, and manufacture maintenance of way equipment. The purchase also included Montana Hydraulics’ bi-directional ballast plows, Grizzly side dump conversions, and Bobcat tarp systems.
“We are confident the additions to Loram Technologies will help continue our mission to enhance customer focus and accelerate growth within our current offerings of GateSync® and Solaris® products and services in the markets we serve,” said Greg Grissom, President of Loram Technologies, Inc. ....

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Introducing 'One Loram' - Railway Age

Effective Jan. 1, 2021, under a corporate realignment, Georgetown Rail Equipment Company (GREX) will be doing business as Loram Technologies, Inc.
“With the name change, Loram Maintenance of Way and Loram Technologies are introducing changes to the product line and service offerings for each organization,” parent company Loram Maintenance of Way, Inc. said. “Loram Technologies will continue to provide Aurora tie inspection services, ballast car products and services and SENSR structural monitoring products along with friction management and GSM (Geotechnical/GPR) products and services. Another element of this realignment plan is to combine the services offered with the heavy rail-bound equipment fleet, the GREX ‘blue iron,’ with the Loram ‘yellow iron,’ under the common leadership of Loram Maintenance of Way Inc.” ....

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