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Chicago-based commuter rail system Metra is an innovator in their market. Find out how they adapted to COVID-19, as well as how they are leading a transition to battery-powered locomotives, increasing safety and partnerships, and filling open positions in new ways.
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Alstom and ENC secure technology and vehicle contracts, respectively, while Phoenix Motorcars hits an EV milestone and Smart Eye acquires Affectiva.
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The new streetcar order will be used to meet Toronto’s ridership demands and growth needs.
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The units could potentially replace the use of diesel locomotives on the railroad’s non-electrified lines and allow passengers to travel to their destinations without having to change trains.
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The contract is valued at approximately $105 million and includes operations and dispatching as well as maintenance of the Innovia vehicle fleet, guideway, signaling system, and facilities.
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The acquisition will help support Alstom’s innovation in hydrogen technology for the railway sector, in addition to the implementation of its Alstom in Motion strategic plan.
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The move follows Metra’s board approval in January 2021 to award Alstom a vehicle procurement contract for up to 500 railcars.
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As previously announced, the headquarters of Alstom of the Americas will be based in Montréal, Québec.
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The transaction reinforces Alstom’s position in the North American signaling market by combining the companies’ advanced technology products and engineering capabilities to the benefit of transit agencies and operators across the U.S. and Canada.
Read More →The company joins The Valuable 500, a network of global CEOs committed to ensuring disability inclusion in business leadership.
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