JACKSONVILLE, Fla. – CSX Corp. (NASDAQ: CSX) today announced that the Company’s Board of Directors has authorized an 8 percent increase in its quarterly dividend, from $0.26 to $0.28 per share. The new $0.28 quarterly dividend is payable on March 15, 2021 to shareholders of record at the close of business on February 26, 2021.
About CSX and its Disclosures
CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.
WILMINGTON, Ohio – (BUSINESS WIRE) – Air Transport Services Group, Inc. (NASDAQ: ATSG) said today that its subsidiary, LGSTX Services, Inc., was recently awarded a five-year contract with the U.S. Postal Service to install and operate a Surface Transfer Center (STC) in Orlando, Fla., where postal products are sorted and consolidated for further distribution.
LGSTX Services has hired approximately 150 full-time employees at the center, with further hiring possible as product volumes increase. The company manages a similar facility for the Postal Service in Aurora, Ill., and has managed several others over the last two decades.
“To be awarded this contract for a second STC is a testament to the level of service the LGSTX team has provided,” said Jim Pradetto, president of LGSTX Services. “Our extensive history of managing these centers for the Postal Service gives us a unique advantage in understanding and anticipating their needs, allowing us to continually deliver the speed and operational support they require.”
OLATHE, Kan./Feb. 10, 2020/Business Wire – Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced a long-term agreement to provide the state-of-the-art Garmin G3000® integrated flight deck to Joby Aviation for their revolutionary all-electric vertical takeoff and landing (eVTOL) aircraft, which is expected to commence commercial operations in 2024. Garmin has decades of experience deploying certified avionics solutions to new markets and this is continued with the touchscreen G3000 integrated flight deck for eVTOL aircraft in the Urban Air Mobility (UAM) market. The G3000 integrated flight deck has amassed extensive field service history, and with this derivation of the system into the eVTOL segment, it leverages that proven experience while offering advanced integration functionality in a compact design with unparalleled capabilities.
The modular Garmin G3000 integrated flight deck boasts light weight and vibrant high-resolution flight displays that support navigation, communication and flight sensor solutions and integrates seamlessly with Joby’s aircraft systems. Specifically tailored to meet the needs of eVTOL aircraft, the G3000 system that will be featured in Joby’s eVTOL aircraft delivers enhanced capabilities to optimize their air mobility service through tight integration with the vehicle mission computer and tailoring of flight guidance display indications. Further, the G3000 will be architected to provide the ability to efficiently facilitate future system upgrades as the Advanced Aerial Mobility (AAM) industry continues to evolve.
Joby Aviation is a California headquartered company developing an all-electric vertical takeoff and landing aircraft. After more than a decade of engineering and development, Joby intends to operate the aircraft as a fast, quiet and affordable air mobility service as early as 2024. The piloted, zero-emissions aircraft, will be capable of transporting four passengers up to 150 miles on a single charge, with a top cruising speed of 200 mph. It is designed to help reduce urban congestion and accelerate the shift to sustainable modes of transit. Designed for daily life, the aircraft lands vertically and provides flexibility and versatility to serve nearly any community.
SpiceJet of India (SPICEJET.BO) has added two more wide-body planes – a Boeing 767 and Airbus A330 – to its cargo fleet. With the latest induction, SpiceJet will have a dedicated fleet of 19 cargo aircraft, including five wide-body jets. Other than the wide-body aircraft, SpiceJet’s cargo fleet includes five Boeing 737 freighters and nine Q-400’s.
The two wide-body cargo aircraft that have been inducted would primarily be used for transporting cargo goods, medical and essential supplies on long-haul routes including to destinations in Europe and North America. With the latest induction, SpiceXpress, the airline’s cargo arm, aims to further strengthen its cargo fleet while providing a seamless and secure transportation of Covid-19 vaccine.
SpiceJet had recently tied-up with Brussels Airport for providing seamless transportation of Covid-19 vaccine between India and Europe and beyond.
With a network spanning 54 domestic and 45 international destinations and a fleet of 19 cargo planes, SpiceXpress is capable of flying over 600 tonnes of cargo per day to both domestic and a wide list of international destinations. The airline has also tied up with global leaders in cold chain solutions offering active and passive packaging with dedicated equipment to perform seamless cold chain operations.
Ever since the lockdown began, SpiceJet and its cargo arm, SpiceXpress, has played a critical role and worked relentlessly to ensure that the country’s supply chain remained intact. The airline has helped in the transportation of vital goods and medical supplies to all corners of India and the world. SpiceJet has operated 12,950 cargo flights since the lockdown began and carried around 105,200 tonnes of cargo.
Boeing [NYSE: BA] and BBAM Limited Partnership today announced the lessor is expanding its 737-800 Boeing Converted Freighter fleet with six firm orders and six options. The agreement brings BBAM’s 737-800BCF orders and commitments to 15 and highlights the continued strength of the e-commerce and express cargo market.
“As we look ahead to expanding our cargo fleet, the 737-800 Boeing Converted Freighter provides the performance and efficiency our customers need,” said Steve Zissis, CEO of BBAM. “Adding these highly capable freighters to 276 Boeing airplanes in our managed fleet helps to further strengthen our leadership position in the marketplace.”
Based on the popular Next-Generation 737, the 737-800BCF is meeting customer demand for a newer-generation freighter that offers higher reliability and lower fuel consumption and operating costs per trip compared to other standard body freighters. Primarily used to carry express cargo on domestic or short-haul routes, the airplane is capable of carrying up to 23.9 tonnes (52,800 pounds) and flying up to 2,025 nautical miles (3,750 kilometers). Since entering service in 2018, the 737-800BCF has won more than 150 orders and commitments.
“BBAM is one of the industry’s leading full-service leasing companies and has built their reputation on smart investments. We are honored that BBAM has selected more 737-800BCFs, based on the success of our standard body freighters in their portfolio,” said Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing. “The continued strong demand for the 737-800BCF demonstrates the critical role these converted freighters play in the growing express and e-commerce market.”
BBAM is the world’s largest dedicated manager of investments in leased commercial jet aircraft, providing over 200 airline customers in more than 50 countries with fleet and financing solutions over the last three decades. BBAM is the only manager in the aircraft leasing industry focused exclusively on generating investment returns for third-party investors. BBAM currently has more than $28 billion of assets under management and employs over 150 professionals at its headquarters in San Francisco and in additional offices in Tokyo, Singapore, Zurich, Dublin and Santiago. For more information about BBAM, please visit its website at www.bbam.com.
Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.
Saab has today received a follow on contract with the United Arab Emirates regarding the sale of two GlobalEye systems, Saab’s advanced airborne surveillance system. The order value is USD 1.018 billion and the contract period is 2020-2025.
The original contract with the United Arab Emirates for GlobalEye was signed in 2015. This contract is an amendment to that signed in 2015.
“We are proud that the United Arab Emirates continues to show great trust in Saab and our solutions. It shows that Saab remains on the cutting edge regarding advanced technology. The GlobalEye program is running according to plan and we have an efficient cooperation with the customer”, says Micael Johansson, President and CEO Saab.
The work will be carried out in Gothenburg, Linköping, Arboga, Järfälla and Luleå in Sweden and in Centurion, South Africa.
The contract was signed by the customer on the 30th of December 2020, hence the order was booked during the fourth quarter 2020.
GlobalEye provides simultaneous air, maritime and ground surveillance. It combines sophisticated radar technology with the ultra-long range Global 6000 aircraft from Bombardier.
Alstom has been awarded the contract by Toulouse Metropole for the system for the third and new 27 km metro line, called Toulouse Aerospace Express, for the sum of more than €470 M. The contract could eventually be worth €713 M, including all options. The line consists of 21 stations and will serve the aviation labour pool.
The firm tranche of the order guarantees a transport capacity of 5,000 passengers per hour in each direction (pphpd), with options for up to 10,000 pphpd. It includes Alstom’s efficient, proven “Systems” solutions: Metropolis™ trains and Urbalis™ 400 CBTC solution for driverless operation and Hesop™ reversible substations. The scope also includes platform screen doors, including a dynamic system for load indication, and the track including the laying with the automated solution Appitrack™. Finally, the firm tranche of the order includes six years of maintenance, with 12 years of maintenance as an option.
“This order is excellent news for Alstom and I would like to thank Tisséo and Toulouse Metropole for their confidence! Alstom has submitted a very competitive system offer, while proposing its latest technologies and innovations on the various subsystems (vehicles, signalling, infrastructure and power supply). This order will enable us to continue developing our skills in France in all these areas, as well as our presence in the region of Occitanie, already in full expansion with our centres of excellence for Electrical component’in Toulouse and traction in Tarbes, and soon the Line 3 project team. We’ll also be calling on a number of local partners,” says Jean-Baptiste Eyméoud, President of Alstom in France.
The city of Toulouse is renowned for its economic vitality and the quality of life of the surrounding region. The Toulouse Aerospace Express project is part of a drive to increase the city’s appeal with the help of sustainable, inclusive mobility.
Alstom will contribute to the economic vitality of the local area with its site in Toulouse, which will be the nerve centre of the project. The site will consequently be developed for the construction and maintenance activities, thereby promoting local employment. In total, more than 600 people in France will work on this project, including up to 400 people in the Toulouse metropolitan area at the peak of the activity. 80% of the hours spent working on this project will be in France and 55% directly in the region of Occitanie. Jobs will also be created with our suppliers in France and in the city of Toulouse for the activities of installation, infrastructure and system deployment.
Alstom’s integrated Systems solution provides a highly mature, efficient and comfortable transport offer, designed with maximum operability and reliability in mind, with record availability of 99.8%. Alstom has a global leadership position and fully proven experience in the successful construction, commissioning and delivery of new integrated metro systems, as well as in their safe, reliable and efficient operation. Alstom can boast more than 65 years’ experience, having sold over 17,000 metro cars that carry 30 million passengers every day operate in 55 cities around the world. One of the most recent successes for Alstom in integrated metro projects being the 15-kilometre-long Dubai Metro Route 2020, completed and delivered in July 2020
The design selected for the system and the metro makes it possible to propose a solution that minimises waiting time in stations, with reduced traffic frequency from the moment of entry into service, but which, by increasing the number of metro cars from 2 to 3, increases the transport offer to 15,000 passengers per hour in each direction, without modifying the infrastructure. Indeed, Alstom will design the system to be able to go up to 15,000. The base contract is for 5,000 with options to go up to 10,000.
The rolling stock belongs to the Métropolis™ range of trains. It benefits from the innovations and continuous improvement brought to this product for more than 15 years, through numerous R&D programmes and contracts executed throughout the world. This state-of-the-art metro has been designed to improve passenger experience as well as reconcile performance, energy efficiency and ease of maintenance, in order to control costs throughout its life cycle.
For passengers, as it is a new line, the train will be characterised in particular by increased volumes on board and large openings to the exterior. The experience of the journey will be made more pleasant with an atmosphere that is air-conditioned and quiet, LED lighting that adjusts to travel conditions, reinforced air filtration and antibacterial coatings on the handholds for a healthier interior.
Travel will be made easier from the moment you step on board, with, for example, platform facades indicating the density of people on board the cars.
Urbalis™ 400 is a proven, efficient CBTC (Communication Based Train Control) automatic operation solution, in commercial service in many cities around the world. Deployed or in the process of being deployed on more than 100 metro lines, notably in Lyon and Marseille, Urbalis 400™ is a generic solution, managed as a platform, to ensure optimum safety and reliability as well as long-term durability. The solution has also demonstrated its operational robustness and modular capabilities, enabling it to control sensitive interfaces such as those of the train or the centralised control centre.
The transport system solution provided by Alstom has also been designed to reduce operational costs, achieving major energy savings through a combination of reversible Hesop™ substations with regenerative braking, efficient traction and braking systems and improved CBTC automatic train control strategies.
And finally, the project also includes the construction of a rail track that reduces friction and fine particles to a minimum, thanks to steel-on-steel operation and offers guaranteed performance over time.
With this contract, Alstom is making a long-term commitment to mobility in Toulouse by ensuring the construction and maintenance of this third line on behalf of Tisséo.
Boeing (NYSE: BA) announced a new 10-year agreement with North American carrier Frontier Airlines to implement a range of crew, flight-planning and operations tools to enhance efficiency for the airline.
These digital solutions from Boeing’s Jeppesen product range provide fleet-wide cost savings across regional and international routes, enhance airline crew-planning processes and increase operational reliability.
“We are fully confident that these robust Jeppesen flight-planning and operational tools will bring tremendous benefit to Frontier’s operations from day one following implementation,” said Brad Lambert, vice president of Flight Operations for Frontier Airlines. “From maintenance and operational planning to day-of and irregular operations, the Jeppesen automation and crew-management tools will complement our low-cost business model while contributing to our system reliability and efficiency.”
In addition to its digital navigation and charting services from Boeing, Frontier Airlines will use a new Jeppesen digital solutions suite that provides day-of-operations decision-support tools, including:
– Flight-planning and scheduling services to enhance flight operations and enable on-time departures and efficient routing
– Crew management, tail assignment and operations-control tools that optimize schedules and aircraft utilization in the short- and long-term planning horizon, including day-of-operation issue detection and schedule recovery to minimize issues due to unexpected events
“As commercial aviation emerges from the COVID-19 pandemic, Frontier Airlines is poised to continue its exceptional growth, utilizing Boeing’s analytics-powered tools to maximize performance and reduce costs during this critical moment for our industry,” said Ted Colbert, president and CEO of Boeing Global Services. “This is a great example of our partnership with customers like Frontier to turn Boeing’s unparalleled digital expertise into operational bottom-line advantages.”
Frontier Airlines is committed to “Low Fares Done Right.” Headquartered in Denver, the company operates more than 100 aircraft with a route network spanning the U.S., the Caribbean and Mexico. With 160 new planes on order, Frontier will continue to grow to deliver on the mission of providing affordable travel across America.
Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries, leveraging the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.
EmbraerX, Embraer’s disruptive business subsidiary, and Airservices, Australia’s civil air navigation service provider, have developed a new concept of operations (CONOPS) for the air taxi market, also known as urban air mobility (UAM). Going forward, Eve Urban Air Mobility Solutions, the new EmbraerX spin-off, will be responsible for this partnership with Airservices and for the development of Urban Air Traffic Management solutions.
Australia is one of the countries benefitting from this innovation revolution and is attracting industry interest and investment, largely due to strong government support and a world-leading aviation safety record. This CONOPS was created to help safely introduce and accelerate the growth of the UAM market in Australia.
This CONOPS explores new and practical concepts to safely facilitate the introduction of the air taxi industry. Using the City of Melbourne, Australia as a model, the CONOPS examines how existing air traffic management solutions can initially enable UAM operations while simultaneously preparing for scale of operations through new traffic management technologies.
The CONOPS leverages Airservices’ sophisticated simulation technology to demonstrate how air taxis could be integrated with existing airspace users in the highly complex Melbourne airspace. This level of simulation provides a scientific basis to the CONOPS.
David Rottblatt, Project Leader for EmbraerX’s Urban Air Traffic Management and appointed to be the future Vice President of Business Development for Eve said, “This CONOPS proposes a safe method for allowing the UAM industry in Australia to scale. Following this first critical step, we will start gathering feedback from industry stakeholders and the community to further inform how we can co-create this exciting future.”
Embraer and EDP, a company that operates in all segments of the Brazilian energy sector, have signed a partnership for electric aircraft research. Through its EDP Smart division, the Portuguese-based multinational announced a financial contribution for the acquisition of energy storage and battery charging technologies for Embraer’s all-electric demonstrator aircraft project, utilizing the EMB-203 Ipanema as its test bed. The prototype, which is already in development, is scheduled to complete its inaugural flight in 2021.
The investment is part of the cooperation agreement signed by both companies to advance their shared knowledge of energy storage and battery charging technologies for aviation – one of the main challenges of the project. The partnership aims to investigate the applicability of high voltage batteries for the electric propulsion systems of small aircraft, in addition to evaluating the main operating characteristics, such as weight, efficiency and power quality, thermal control and management, cycling loading and unloading, and operational safety.
EDP Headquarters in Portugal
Technological Cooperation
This proposal for the technological development of aeronautical electrification was initially created as a cooperation between Embraer and WEG, in May 2019. The project was developed as an effective and efficient instrument for training and for the maturation of technologies prior to their application in future products.
The scope of the partnership with EDP is to develop shared research in the storage of high voltage energy, complementing Embraer’s ongoing research. These research and development initiatives seek to accelerate the combined knowledge of the technologies necessary for the use and integration of batteries and electric motors in order to increase the energy efficiency of the propulsion systems of aircraft.
For the evaluations, a small single-engine aircraft is being used as the test bed to perform a primary assessment of electrification technologies. Ground tests have taken place at Embraer’s facilities in Botucatu, in the interior of São Paulo, in preparation for the first flight, which will take place at Embraer’s Gavião Peixoto unit.
Electrification is just one project in a series of initiatives being developed by Embraer and the entire aeronautical industry aimed at ensuring a commitment to environmental sustainability, as already exemplified by biofuel developments to reduce carbon emissions.
EDP has a global commitment to electrify 100% of its fleet by 2030, as well as to develop new offers and commercial solutions that promote the energy transition. Last year, during Aneel’s Public Call on the topic of Efficient Electric Mobility, the Company approved an investment of about R$ 50 million in projects, via a Research and Development Fund consisting of both corporate and partner resources.
