Siemens AG (SI) said Thursday it has been awarded a $73 million contract to build 18 of its S70 light rail vehicles for TriMet in Portland, Oregon.
Siemens said the vehicles will be manufactured its rail vehicle manufacturing plant in Sacramento, California. The first new rail cars are expected to be delivered in August 2014.
The 18 vehicles were ordered as a part of the Portland-Milwaukie Light Rail Transit Project, Siemens said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.