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- Thread starter drum118
- Start date
generalcanada
Senior Member
Who is CAD in this?
Thats crazy news.
Northern Light
Superstar
Cad Railway Industries Ltd
The rail transportation services supply chain procurement leader
We service the full rail equipment needs of freight railways, inter-city passenger rail, and commuter rail agencies in Canada, the United States, and offshore.
cadrail.ca
They have the fleet maintenance contract. '
generalcanada
Senior Member
Ah right theese guys
nfitz
Superstar
I'd guess someone came to their senses, and decided that midnight on New Year's Eve was just about the worst possible time to do a transition. Though perhaps more likely that they simply weren't ready.
Hopefully next time they do it at 4 AM or something.
Hopefully next time they do it at 4 AM or something.
Bojaxs
Senior Member
You knew something had to be going awry. It's been months since any type of press release or update on the shift in management to Onxpress.
Willybru21
Senior Member
I’m pretty sure it was said above that the actual transition was happening at 5am on the 1st, wasn’t it? Someone here will know and can correct me if I’m wrong.
christiesplits
Senior Member
Love this alley street art wayfinding. 5 stars.
AHK
Senior Member
My take - the announcement of Phil Verster's resignation is the preliminary step to the public announcement of OnXpress and CAD no longer taking over from Alstom on January 1. The second announcement, to follow reasonably soon (how could something like this be kept quiet for long) would be phrased in terms of, when announcing the (hopefully) delay, in the takeover, it would be '...due to issues which arose under the tenure of the former CEO of Metrolinx.
smallspy
Senior Member
Before Alstom sent out the email to their employees telling them about the delay in the takeover one was sent to all Metrolinx staff telling them that the delay was 9 months. OnXpress will take over September 1st, 2025.
This has long been expected. What is surprising is that it took them so long to officially notify staff.
Dan
generalcanada
Senior Member
Suprising news hasnt picked it up yet.
northyorker1
New Member
Well..they haven't picked up the SSE TBM issue for about a year, so they're either selective in their pickings or they're simply incompetent.
Northern Light
Superstar
Well..........it should be surprising.......
But I fed the media a couple of juicy ones that they just sat on.........
bearcat
Active Member
BlogTO of all places published something about it today.
Yet another Toronto transit project is now facing construction delays
A booming transit expansion is currently underway in the Toronto area, with a handful of massive projects forging ahead, albeit at quite disparate pa…
www.blogto.com
Sauga89
New Member
This is the "news desert" effect in action. I've studied the economics of the advertising business a little. Essentially, the media used to make their money primarily from advertising revenue, not from subscriptions. But nowadays, many businesses prefer to use targeted online ads using data they get from Google and Facebook to directly target their most likely customers. Google and Facebook leverage their data oligopoly to act as a middle men, raising the ad costs for businesses while lowering the price received by news sites. The revenues of media organizations have therefore shrunk dramatically, and many have laid off staff and added paywalls.
The result is fewer dedicated transportation reporters that would pick up on this kind of thing, less accountability and scrutiny, and ultimately worse transit.
You'll notice if you look that most of the coverage of Verster's resignation came from Queen's Park reporters, rather than being tagged "transportation."
Meanwhile, if I remember correctly, Google makes something like $80 in revenue for every dollar it spends on expenses in its advertising business.