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6/1/2023
Progress Rail was contracted by Australian freight-rail company Aurizon to build the first zero-emissions-capable freight locomotive constructed in Australia. A retrofitted Aurizon 4000-class diesel locomotive, the prototype — is being built at Progress Rail’s Redbank facility in southeast Queensland. The heavy-haul locomotive will be designed to work in harsh operating conditions and will be the Australia’s first freight unit to be powered by batteries, Progress Rail officials said in a press release. The project will help Aurizon meet its net-zero operational emissions goal by 2050.
Watco earned the 67th spot on Newsweek’s 2023 Top 100 Global Most Loved Workplaces list. Compiled in partnership with Best Practice Institute, five critical areas were measured to gauge employee sentiment: how positive workers feel about their future at the company, career achievement, how much employer values align with employee values, respect at all levels and the level of collaboration. In addition, inclusion, diversity, equity and belonging, career development and company leadership were identified and analyzed.
Keolis obtained a seven-year contract from Ile-de-France Mobilites to operate the new automated Paris Metro lines 16 and 17 on the region’s network. Both lines are expected to open in October 2026. The contract also calls for operation of the Saint-Denis Pleyel Station — which is currently under construction and expected to open next year — in Paris beginning in June 2024. The contract includes an option for a three-year extension. Financial terms were not disclosed.
SNC-Lavalin Group was selected by the Toronto Transit Commission to lead its enterprise asset management (EAM) program transformation. The three-year transformation initiative will strengthen TTC’s EAM practices and achieve compliance with new provincial regulations, according to an SNC-Lavalin press release. Also, the company will help TTC improve EAM and investment planning practices, business and systems processes.
Rail Vision Ltd. reported a first-quarter 2023 net loss of $2.9 million, or 18 cents per share, compared with a net loss of $2.3 million in Q1 2022. Research and development expenses totaled $1.8 million, up from $1.4 million." The increase in R&D expenses was primarily attributable to allocation of salary expenses to cost of sales in Q1 2022 and R&D equipment purchases." General and administrative expenses in Q1 2023 were $1.2 million, up from $813,000 in Q1 2022, due to an increase in professional services related to operating as a public company.