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.”
Siemens USA has named Marsha Smith Chief Financial Officer, an expanded responsibility to her current role as CFO for Siemens Mobility North America, a position she has held since 2017. Her appointment is effective Jan. 1, 2020. Smith will succeed Heribert Stumpf, who will be retiring after 38 years with Siemens.
Siemens Mobility recently announced that it has won a mid-life overhaul service contract worth $80 million—with options for up to $25 million more—for TriMet’s Type-2 and Type-3 Light Rail Vehicle (LRV) fleet.
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.
Siemens and Alstom confirmed in a statement Jan. 28 that they have offered further concessions to the European Commission (EC) in a bid to gain approval of their merger.
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.
Siemens AG and Bentley Systems are extending their existing 2016 agreement “to further develop their joint business cooperation and commercial initiatives.” The two companies at the same time embarked on a new software offering.
Siemen’s’ Mobility division will be transferred into a legally separate company owned by Siemens in anticipation of its merger with Alstom, as part of a Siemens’ company-wide restructuring announced on August 1.
Shareholders have approved a proposal to merge two of the largest suppliers in the global rail industry.
The Orange County Transportation Authority (OCTA) has awarded a $51.5 million contract to Siemens Industry for eight S70 low-floor light rail vehicles for the OC Streetcar project, construction of which is expected to begin later this year.