Market Overview

Japanese Railmaker Lands Big Metra Railcar Order

Share:

Nippon Sharyo, a Japanese (NYSE: EWJ) rail car maker, said that it had received an order for 160 rail cars from suburban Illinois' Metra commuter rail line on Thursday.

The order, jointly received with trading house Sumitomo Corp, is worth about ¥48 billion, or roughly $570 million. The new cars are expected to begin service in about 24 months, said officials.

Each of the new railcars will be equipped with 140 seats, with final assembly taking place in the United States itself. The cars are paid for via Illinois state bond revenue.

Posted-In: Illinois Japan Metra Nippon Sharyo SumitomoNews Global

 

Related Articles (EWJ)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Hess Strengthens Libya Footprint - Analyst Blog

Overbought baht? Still rising…