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.
Contract operator Keolis North America on June 21 launched the long-awaited ION Light Rail Transit (LRT) at Kitchener’s Fairway Station.
The Southern California Regional Rail Authority recently awarded a Talgo-SYSTRA tandem a contract worth $138.9 million to rebuild up to 121 Metrolink-operated Bombardier railcars. The base order is for 50 cars with an option for up to 71 additional units.
The Toronto Transit Commission (TTC) has been experiencing significant in-service reliability issues with its fleet of new Bombardier-built Flexity Outlook LRVs.
As railways push ahead with digitalization, more and more are engaging and implementing solutions from a new form of supplier: the tech start-up. This is changing the railway-supplier relationship and altering the industry’s wider approach to innovation, as IRJ’s Kevin Smith discovers.
VIA Rail Canada announced that it has awarded Siemens Canada a C$989 million ($741 million) contract to supply 32 intercity trainsets for the Quebec City–Toronto–Windsor corridor.
On the same day New York City dunned ride-hailing services to help pay for subway upgrades, the MTA New York City Transit announced plans to modernize its fleet of R142 cars.
The past few years have admittedly been tough for Bombardier Transportation in North America. Changing dynamics—in particular, China’s entrance into the vehicle market—combined with delivery and quality problems and highly public squabbles with key Canadian and U.S. customers—have impacted the company’s business as well as its reputation. Now, however, Bombardier’s fortunes appear to be turning around.
Progress Rail has appointed Paolo Covoni as managing director of ECM S.p.A., its recently-acquired international signaling company, effective immediately.
Two light rail new-starts in Canada’s Ontario province appear to be on diverging paths. Hamilton’s is at the RFP stage, while Kitchener-Waterloo’s opening has been delayed, again.