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...
Currently, the land is criss-crossed by railroad tracks owned by rail giant CSX—a landscape, many officials say, which is vital to the economy because the rail yards on the 91 acres provide the only major access for freight trains to the port of Boston...
...January, Boston Mayor Thomas M. Menino wrote a letter to MTA Chair Amorello, asking that no sale be made until the city had completed a review of the rail yard—known as Beacon Park—and its economic impact on the region...
...MBTA, which runs the T and the area’s commuter rail system, has a stake in the land because many of the transportation agency’s trains are stored on the Allston parcel during...
Years ago, the Turnpike provided CSX, which owns the rail yards, with an easement which keeps them on the land indefinitely, no matter who the landlord...