Wabtec Corporation has completed its merger with GE Transportation. The combined company, which is expected to boast revenues greater than $8 billion in 2019, has a compelling growth profile—especially as market conditions improve in its industries. Wabtec announced the transaction completion at the same time as its 4Q18 and full-year 2018 financials.
Sarah Feinberg, who served as U.S. Federal Railroad Administrator in the Obama Administration from 2015 to 2017, has been nominated by New York Gov. Andrew Cuomo to fill a vacancy on the NY Metropolitan Transportation Authority board.
Tutor Perini has won contracts for high-profile transit projects in Los Angeles and New York City.
Statistics released Feb. 22 by the New York Metropolitan Transportation Authority (MTA) show that New York City Transit (NYCT) subway performance, bolstered by the Subway Action Plan and Save Safe Seconds Campaign, “continues its months-long trend of improvement, with the best on-time performance, and the fewest number of delays, that the system has seen in four years.” However, constrained funding will limit just how far these programs will carry improvements.
The viability of one of Canada’s largest rail engineering companies is in question as Prime Minister Justin Trudeau struggles against accusations of obstruction of justice in allegedly attempting to spare the company from a corruption trial.
Tunnels in general represent a significant financial investment with challenging design, construction, and operational issues. Tunnels that are not adequately planned, designed, and constructed usually require more costly and extensive repairs. Tunnel Life Cycle Cost Analysis (LCCA) is a data-driven tool that provides a detailed account of the total costs of the project over its expected life.
Hoping to improve safety and efficiency in the construction industry, New York University’s Tandon School of Engineering has created the Institute of Design and Construction (IDC) Innovations Hub and selected railroad construction veteran Dr. Michael Horodniceanu as Chairman.
Wabtec Corp. Executive Vice President and Chief Operating Officer Stéphane Rambaud-Measson has resigned from his position and as a Director of the company “to pursue other interests,” Wabtec announced on Feb. 12.
Bombardier Aerostructures and Engineering Services President Danny Di Perna, who joined the company in mid-2018, has replaced Laurent Troger as President of Bombardier Transportation. The change is part of an overall leadership restructuring at Bombardier Inc.
Global design and engineering firm Stantec recently added two senior executives to its Transportation Business Line: Barbara Moffat, Vice President Transportation-U.S. West; and Dr. Suhail Albhaisi, Regional Bridge Leader and Senior Principal-U.S. Northeast.