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Rail News Home Passenger Rail

12/3/2009



Rail News: Passenger Rail

Updates from Bombardier, Siemens Mobility and Parsons Brinckerhoff; In memoriam: WABCO's Turner


• Today, Bombardier Inc. announced third-quarter financial results for the period ending Oct. 31. Revenue remained flat compared with at $4.6 billion, while net income fell from $226 million to $168 million. “Despite early signs of a recovery, the economic environment remains difficult and continued to impact our activities and financial results,” said President and Chief Executive Officer Pierre Beaudoin in a prepared statement. However, Bombardier Transportation continued to improve its revenue and profitability. The division’s revenue rose $254 million compared with third-quarter 2008 to $2.5 billion. Order backlog stood at $29.3 billion on Oct. 31 compared with $24.7 billion on Jan. 1, mainly due to a positive currency impact, according to the company. And while Bombardier’s freight locomotives and services segments are registering lower activity levels due to reduced freight traffic, activity in the transit market helped Bombardier boost orders to $3.6 billion compared with $2.8 billion in the last fiscal year.

• Siemens Mobility obtained a $37.7 million contract from Viennese transit operator Wiener Linien to supply train-control systems for the fourth phase of a project to extend the Vienna Underground. Expected to be complete in 2015, the expansion calls for extending the U1 line 3.7 miles south and the U2 line 2.5 miles east. Siemens will supply two electronic interlockings for the extension, as well as an additional electronic interlocking for the system’s oldest maintenance depot. The supplier also will integrate all the new interlockings into the central control room.

• Parsons Brinckerhoff (PB) named Chief Operating Officer of the Americas George Pierson chief executive officer, effective Jan. 1. He will succeed Keith Hawksworth, who will become the engineering firm’s chairman. Pierson also will retain his COO duties. A licensed engineer and lawyer, Pierson joined PB in 2006 as general counsel and secretary. He was appointed COO of the Americas division in January 2008. Prior to joining PB, Pierson was a partner and director for construction law firm Peckar & Abramson PC’s International Construction Practice Group.

• Former WABCO VP James Turner died Nov. 15. He was 78. Born in Logan, Ohio, Turner received a mechanical engineering degree from Grove City College in 1953 and took a position with Westinghouse Air Brake Co. in Wilmerding, Pa. In 1989, Turner was promoted to vice president of sales and marketing for Railroad Friction Products Corp., a division of WABCO. He retired in 1996. Turner is survived by his wife, Marion, three sons, a daughter, two step-children, seven grandchildren and four great-grandchildren.



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