Word: rails
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Dates: during 2000-2009
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...your-sleeves manager, Tellier took over the moribund, government-owned Canadian National Railway Co. in 1992 and turned it into a lean and efficient publicly traded market leader. He did that by cutting costs (including 14,200 jobs) and eliminating real estate and telecom divisions to focus on rail. Tellier knows Bombardier, having served on its board for the past five years. Besides dumping its highly profitable recreational division as well as ancillary businesses like military-pilot training, the company is reining in its troubled financing arm, Bombardier Capital, which in the future will lend only to buyers of regional...
...addition to preserving the MBTA’s current use of the land for its commuter rail lines, the deal will allow the MBTA to utilize the extensive railyard on the property as a future storage facility...
...acres of land, the MBTA will acquire a second permanent main-line track easement, as well as 20,000 additional feet of storage space. The agreement also stipulates that the University spend $1 million researching improvements that could be made to the property, like building a rail line into the Boston port...
...Resisting pressure applied by local politicians, the Massachusetts Turnpike Authority recently decided to go ahead with an $80 million sale of 91 acres of Allston land to the University. A CSX railyard lies on part of this property, a vital link in Boston’s freight and commuter rail transportation network. This link should not be severed, but at the same time, selling the land to Harvard will endanger the railroad...
...folly to simply transfer money from one poor state agency to another. The MBTA should save its cash, let the Mass Pike take Harvard’s private funds, and rely on the safeguards already in effect to keep the railyard in place—thereby preserving commuter rail lines that are dependent on its operation...