News in Numbers

US giant Union Pacific has published its year-end results, showing a $6.4bn net income – down from $7bn in 2022.

Union Pacific will also invest $3.4bn into its infrastructure, rolling stock, and technology over the next year, as part of its 2024 capital plan. 

The US Department of Transportation’s Federal Transit Administration will give $631m in grants towards the purchase of new rail cars as part of its Rail Vehicle Replacement Programme (RVRP). 

Train manufacturer Talgo has published financial results for a “record year”, filling its order book. The company's revenue rose to €652m ($704m) representing a 39% increase from 2022.

Hitachi Rail will supply 22 next-generation trains for the Naples Metro network in Italy after signing a €200m ($216.4m) contract with the Municipality of Naples.