September 30, 2016 12:14 AM ET

Road and Rail

Company Overview of National Railroad Passenger Corporation

Company Overview

National Railroad Passenger Corporation, together with its subsidiaries, provides rail passenger transportation services in the intercity travel markets in the United States. It also operates commuter railroads on behalf of various states and transit agencies; offers equipment and right-of-way maintenance services; provides infrastructure access to commuter agencies and freight railroads; performs rail services for other rail operators, such as commuter agencies and freight railroads; and manages and leases commercial real estate. It operates a national rail network of approximately 21,000 route miles covering approximately 500 destinations in 46 states, the District of Columbia, and 3 Canad...

60 Massachusetts Avenue NE

Washington, DC 20002

United States

Founded in 1970

Phone:

202-906-3000

Fax:

202-906-3306

Key Executives for National Railroad Passenger Corporation

Chief Executive Officer and President
Age: 64
Chief Financial Officer and Vice President of Operations
Vice President, Corporate Secretary and General Counsel
Inspector General and Member of Executive Committee
Chief Mechanical Officer
Compensation as of Fiscal Year 2016.

National Railroad Passenger Corporation Key Developments

Alstom to Build 28 Next-Generation High-Speed Trainsets for Amtrak

The National Railroad Passenger Corporation has signed a contract with Alstom SA to produce 28 next-generation high-speed trainsets that will replace the equipment used to provide Amtrak's Acela Express service. The contract is part of $2.45 billion that will be invested on the heavily traveled Northeast Corridor, or NEC, as part of a multifaceted modernization program to renew and expand the Acela Express service. The trainsets will be manufactured at Alstom's Hornell and Rochester, N.Y., facilities, creating 400 local jobs. Additionally, parts for the new trainsets will come from more than 350 suppliers in more than 30 states, generating an additional 1,000 jobs across the country. The first prototype of the new trainsets will be ready in 2019, with the first trainset entering revenue service in 2021. All of the trainsets are expected to be in service, and the current fleet retired, by the end of 2022.

Amtrak Appoints Charles W. Wick Moorman as President and CEO, Effective September 1, 2016

Amtrak reported that it has named Charles W. 'Wick' Moorman as its next president and chief executive officer. Moorman, retired chairman, CEO, and president of Norfolk Southern Corp. (NS), will lead the company, effective September 1, in the next fiscal year. Moorman, a native of Hattiesburg, Miss., comes to Amtrak after more than 40 years at NS where he rose from management trainee to CEO and chairman of the Board of Directors. Having worked with NS from the ground up, Moorman gained an appreciation for the many facets of railroad operations and used this knowledge to modernize the way NS conducted business, served customers and worked with communities. Moorman currently holds securities of a rail carrier.

Amtrak Invests $2.4 Billion for Next-Gen High-Speed Trainsets and Infrastructure Upgrades

Amtrak is contracting with Alstom to produce 28 next-generation high-speed trainsets that will replace the equipment used to provide Amtrak's premium Acela Express service. The contract is part of $2.45 billion that will be invested on the heavily traveled Northeast Corridor (NEC) as part of a multifaceted modernization program to renew and expand the Acela Express service.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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