Powering the trains of tomorrow [Yahoo! Finance]
ALSTOM UNSP/ADR (ALSMY)
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Source: Yahoo! Finance
Backed by new regulations and a steely resolve from environmental groups, this trend is forcing a whole host of industries to confront some difficult, but necessary, questions. For example, how do we ensure the rail industry's growth over the past decade continues uninterrupted while limiting damage to the environment? It would be wrong to suggest that this is a completely new dilemma, as for many years large sections of track have been electrified; however, in recent times there has a been a stronger effort to rid rail of diesel, or at least make diesel engines less harmful. Still, the European Commission claims that 20% of Europe's current rail traffic is hauled by diesel locomotives, with the UK, Greece, Estonia, Latvia and Lithuania high up on the list. In late December, a report from market research firm Technavio suggested that the worldwide diesel locomotive market will grow steadily, with a compound annual growth rate of nearly 3% in 2020. In addition, a 2015 study by th
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