Amtrak Reveals Next-Gen Acela Express Prototype
Amtrak recently announced the progress on its new high-speed Acela trainsets that it says “will redefine the customer experience on Amtrak’s Northeast Corridor when they enter service in 2021.”
Rapid Transit
McCord in as MTA CTO Ahead of Transformation Plan
The Metropolitan Transportation Authority (MTA) has chosen Anthony McCord as its Chief Transformation Officer as it undergoes its Transformation Plan—“a historic reorganization to improve service and modernize all aspects of operations for the first time in half a century.”
A Global Hub Turns to TOD
RAILWAY AGE, NOVEMBER 2019 ISSUE: In the fifth installment of our ongoing series on transit-oriented development (TOD), we’ve focused on Montreal. Our previous articles looked how New York got TOD right, how California is doing something different, the key role P3s can play in booming Toronto, and Chicago’s TOD experience.
Women in Rail 2019
RAILWAY AGE, NOVEMBER 2019 ISSUE: Good things come in threes—and Railway Age’s Women in Rail awards are no exception. In its third year of existence, the 2019 Women in Rail awards are poised to be the most exciting yet. Recognizing vision, ability and leadership, our 12 honorees from freight, transit and supplier companies as well as trade organizations were selected by a panel of judges. They received the nod because they have been—and still are—moving their companies forward while making contributions to the community. In an industry typically dominated by men, these women are getting things done—and their hard work is an example for all.
Railway Age 10 Under 40 Awards Open for Entries
Railway Age is now accepting entries for its fourth annual “Fast Trackers” 10 Under 40 awards, in which we will profile ten individuals under the age of 40 who have made an impact in their respective fields or within their company. Nick Little, Director of Railway Education at Michigan State University’s Center for Railway Research and Education, will judge the entries. Those that represent the “best of the best” will be featured in Railway Age’s February 2020 issue and recognized at our Railroader of the Year Dinner, March 10, 2020, at the Union League Club of Chicago.
CRRC’s “Chief Obligation is to the Chinese State”: Report
“CRRC AND BEIJING’S DASH FOR GLOBAL ROLLING STOCK DOMINANCE,” a report prepared by Radarlock, which describes itself as “a research organization that uses data-driven analysis to understand techno-economic dynamics in world affairs,” says that China Railway Rolling Stock Corp. (CRRC) is an arm of the Chinese government with “indelible ties to the Chinese Communist Party,” and whose executives “wear dual hats as corporate and as Party leaders.”
Bombardier Sees 8% Organic Growth in 3Q19
Bombardier Transportation reported its 3Q19 financial results, and among the highlights are consolidated revenues of $3.7 billion, representing 8% organic growth, and a consolidated adjusted EBITDA and adjusted EBIT of $255 million and $159 million, respectively.
Wabtec Generates $124MM in 3Q19
Wabtec Corp. recently reported its 3Q19 results, which include earnings per diluted share of $0.48 and adjusted earnings per diluted share of $1.03. In addition, Wabtec noted that it generated GAAP cash from operations of $124 million for the quarter and affirmed its 2019 GAAP cash from operations guidance of about $900 million.
Progress Rail to Acquire Cleveland Track Material
Progress Rail, a Caterpillar company, has signed an agreement to acquire Vossloh North America subsidiary Cleveland Track Material (CTM). With facilities located in Cleveland, Ohio; Reading, Pa.; and Memphis, Tenn.; CTM has served as a supplier of specialty trackwork to North American Class I and transit railroads since 1983.
NYMTA Seeks Reorg Plan Consultants
The nation’s largest public transportation agency, the New York Metropolitan Transportation Authority (MTA), on Oct. 25 issued an RFP (Request for Proposals) for one or more consultants to assist it with its Transformation Plan, described as “the first reorganization in more than half a century … that will position the agency to dramatically improve service, end project delays and cost overruns, and finally deliver the modern, reliable and efficient transportation system customers deserve.”