25 Under 40: Part 4 of 4
RAILWAY AGE, FEBRUARY 2024 ISSUE: Railway Age is proud to recognize 25 ‘Fast Trackers’ Under 40 in 2024.
RAILWAY AGE, FEBRUARY 2024 ISSUE: Railway Age is proud to recognize 25 ‘Fast Trackers’ Under 40 in 2024.
Railway Age is pleased to announce the 25 “Fast Trackers” selected for this year’s 25 Under 40 awards program.
New York Metropolitan Transportation Authority (MTA) Chairman and CEO Patrick J. Foye sent warning letters to MTA’s 11 largest suppliers on Sept. 17. “The COVID-19 pandemic has exacted a horrific toll in human, social and economic terms across the nation,” he noted in the letters. “I am writing to alert you that because of this financial devastation, many current and all future contracts are in jeopardy without an injection of $12 billion in emergency federal aid.”
The European Commission (EC) announced Feb. 6 that it has blocked the merger of Siemens Mobility and Alstom on the grounds that the two companies have failed to address its concerns over competition on the markets for signaling and high-speed rolling stock.
The European Commission (EC) has launched an “in-depth” investigation into the merger of Siemens Mobility and Alstom amid concerns that the combination may adversely affect competition in the signaling and rolling stock markets.
Germany’s Siemens AG and France’s Alstom SA are discussing a merger to create a European rail transportation manufacturing conglomerate to counter growing competition from China, according to a report in the Sept. 23, 2017 Wall Street Journal. Meanwhile, Siemens continues to engage in talks with Canada’s Bombardier, Inc. about merging their railway businesses.
In the wake of Bombardier Transportation’s ongoing problems with light rail vehicles it’s building for various Ontario LRT projects, the purported combination of the railway businesses of Siemens and Bombardier appears to have taken on an interesting twist. This folllows the filing of an official protest letter by Siemens Canada with Ontario’s Transportation Minister over Metrolinx’s awarding of a single-source LRV contract to Alstom.
Wabtec Corp. has begun deliveries of brake system equipment to Alstom, which is building up to 3,600 commuter railcars for the Passenger Rail Agency of South Africa (PRASA).
Société de transport de Montréal (STM) on Oct. 23, 2015 announced a three-year capital expenditures program valued at more than C$2.8 billion (US$2.1 billion). The plan outlines spending from 2016-2018 on those investments needed to upgrade or replace equipment and infrastructure approaching the end of their service life in the next few years.
Metro de Panama has awarded Consórcio Línea, a Brazilian/Spanish consortium of Alstom, CIM, Sofratesa, Thales and TSO, a $2.2 billion contract to supply Line 2 of the Panama Metro system on a turnkey basis.