CN: Off to a strong start
CN’s first-quarter 2017 financial and operating results reflect a strong start to the year and have prompted an upward revision to its 2017 financial outlook.
CN’s first-quarter 2017 financial and operating results reflect a strong start to the year and have prompted an upward revision to its 2017 financial outlook.
For reasons unspecified other than he may have had enough of dealing with hostile politicians like Rep. Jeff Denham (R-Calif.), chair of the House Transportation and Infrastructure Committee Rail Subcommittee, California High Speed Rail Authority CEO Jeff Morales announced April 21 he is stepping down as of June 2. Officially, he said it is time for him to move on, now that construction is under way on the $64 billion, voter-approved project.
WSP | Parsons Brinckerhoff has named Thomas Gibson Vice President and Western Regional Manager of its Transit and Rail practice, based in Sacramento. Gibson is responsible for technical and operational management, project delivery, staff acquisition and business growth.
I appreciate a good cup of coffee, especially a cappuccino or espresso (please don’t say expresso, especially in a good Italian restaurant). That’s why I have refused to drink Amtrak coffee, which is like ingesting lube oil—until now.
CSX Corp.’s first quarter 2017 non-adjusted net earnings of $362 million and a adjusted operating income of $712 million, yielded net earnings per share of $0.39 up from net earnings of $356 million, or $0.37 per share, in the same period of last year.
zMAX®, used in racecar and aircraft engines since 1946, is beginning to penetrate the railroad locomotive market—literally.
Veteran railroad signal engineer Keith Holt has left Amtrak, where he was Deputy Chief Engineer, Communications and Signals, to become Director of Engineering for Railroad Systems at WSP | Parsons Brinckerhoff.
Brookville Equipment Corp. delivered its fifth and sixth off-wire-capable Liberty Streetcars to Detroit in March, wrapping up vehicle deliveries to the new QLINE streetcar line “ahead of contractual delivery dates and prior to the QLINE’s recently announced May 12 start of revenue service,” the company announced April 12.
Supplier consolidations are nothing new in the global railway industry. The latest purported combination has German technology and engineering colossus Siemens AG acquiring Canadian firm Bombardier’s Transportation division, according to a report published Tuesday, April 11, in Toronto’s Globe and Mail. Bombardier shares jumped nearly 7% on the Toronto Stock Exchange after Bloomberg News, citing anonymous sources, originally broke the story.
WSP | Parsons Brinckerhoff has appointed Fred Tallarico Regional Director of Design-Build for the company’s Northeast and Central regions. Tallarico will manage the firm’s pursuit and execution of transit, highway and infrastructure projects using alternative delivery methods such as design-build and P3s (public-private partnerships). He is based in New York City.