"Tech leaders were eager to pledge investments at President Trump's White House dinner last week and I've met with a number of global CEOs announcing new commitments to create U.S. jobs. Of course, it's more interesting to see actual projects than promises that might not come to pass. Last week, I spoke to Giuseppe Marino, Group CEO of Hitachi Rail, who is in Hagerstown, Maryland, today for the official opening of the London-based manufacturer's $100 million "lighthouse" digital factory and customer experience center."
"It's a smart bet for a company that's been shifting its focus from building trains to building systems like advanced signaling and a "digital twin" platform, which railway customers can use to optimize their networks. Hitachi Rail accounted for about 12% of Japanese parent Hitachi's $66.4 billion in revenue last year and almost 8.5% of its $7.8 billion in adjusted EBITDA."
Many CEOs are visibly investing in the U.S., with tech leaders pledging investments at President Trump's White House dinner and global executives announcing commitments to create U.S. jobs. Hitachi Rail opened a $100 million "lighthouse" digital factory and customer experience center in Hagerstown, Maryland to showcase tangible projects. The company is shifting from building trains to delivering systems such as advanced signaling and a "digital twin" platform that railway customers can use to optimize networks. Hitachi Rail represented about 12% of parent Hitachi's $66.4 billion revenue and almost 8.5% of its $7.8 billion adjusted EBITDA last year. The firm remains a small but growing U.S. rail player with particular strength in urban passenger rail. The business is positioned at the intersection of energy transition and digital transition amid political headwinds for mass transit funding.
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