Bombardier Transportation’s revenue for the first quarter of 2012 added up to US$2 billion, compared with US$2.5 billion in first quarter 2011. EBIT (earnings before interest and taxes) totaled $124 million, or 6.2% of revenue, compared with $171 million, or 6.9%, for the corresponding period last year.
A Port Authority of New York & New Jersey (PA) executive on Tuesday said a contract for the first phase of expanding New York’s Pennsylvania Station, targeted to cost $270 million, would be awarded Wednesday.
Confirming what many have suspected, New York Metropolitan Transportation Authority Chairman Joseph Lhota on Tuesday acknowledged that the agency’s East Side Access Project likely would not be completed until 2019, due to unexpected construction difficulties.
Railroads with the industry’s best safety performance records Tuesday were honored at the annual E.H. Harriman Awards ceremony in Washington, D.C., with the event also marking the industry’s nearly 100 year commitment to safety and innovation with the Centennial Award.
It’s been a hard climb, but Austin’s relatively small MetroRail transit service—built and operated since March 2010 by Capital Metro—is finally starting to prove its worth.
Caltrans joined BNSF Railway and Amtrak Tuesday in the groundbreaking for a triple-track segment that will add 3.8 miles of track in the Los Angeles area at a cost of $38 million. It is part of a larger, $163 million, 15-mile main line track capacity expansion between the cities of Commerce and Fullerton that will add a hard track along two existing lines.
From my perspective, you know North America is changing for the better when short line and regional railroad folks are talkin’ passenger rail.
Dallas Area Rapid Transit (DART) Monday said it had named Jesse Oliver deputy executive director and Carol Wise executive vice president, chief operating officer. As well, DART Senior Vice Presidents David Leininger and Timothy McKay were promoted to executive vice president. Tim Newby, previously DART’s assistant vice president of Bus Operations, is now vice president, transportation.
Stephen J. Morello, who has served for the past year as deputy director of communications in the office of New York Governor Andrew M. Cuomo, is joining the Metropolitan Transportation Authority as
Far from being threatened by Florida East Coast Railway’s All Aboard Florida passenger rail proposal, Amtrak has signaled that the service would be welcomed, and even offer symbiotic benefits to the national rail passenger carrier.