Railway lines

The Toro Company 2021 Annual Meeting of Shareholders

Retrieved on: 
Thursday, March 11, 2021
Agriculture, Natural Resources, Manufacturing, Other Manufacturing, Engineering, Shareholders, Meetings, Snow removal, Tōrō, Proxy, Line 1 Yonge–University, Line 3 Scarborough, Annual general meeting, Rail transport, Transport, Railway lines

The Toro Company (NYSE: TTC) will hold its 2021 Annual Meeting of Shareholders in a virtual-only format on Tuesday, March 16, 2021, at 1:30 p.m. CDT.

Key Points: 
  • The Toro Company (NYSE: TTC) will hold its 2021 Annual Meeting of Shareholders in a virtual-only format on Tuesday, March 16, 2021, at 1:30 p.m. CDT.
  • Shareholders of record as of the close of business on January 19, 2021, will be eligible to vote and ask questions during the virtual Annual Meeting by visiting www.virtualshareholdermeeting.com/TTC2021 and logging in with the unique control number included in their proxy card, voting instruction form, or Notice Regarding the Availability of Proxy Materials.
  • For those unable to attend the live version of the Annual Meeting, a replay will be available at www.thetorocompany.com/invest .
  • The Toro Company (NYSE: TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions.

IBI Group Named Lead Architect on TTC’s Line 1 Subway Enhancement Program

Retrieved on: 
Wednesday, January 27, 2021
Rail transport, IBI Group, Ibi, Toronto Transit Commission, Line 1 Yonge–University, Line 2 Bloor–Danforth, International Business Initiatives, Line 3 Scarborough, Transport, Railway lines

TORONTO, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Global design and technology firm, IBI Group (TSX:IBG), has been named lead architect on the Toronto Transit Commissions (TTC) Line 1 Subway Enhancement Program.

Key Points: 
  • TORONTO, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Global design and technology firm, IBI Group (TSX:IBG), has been named lead architect on the Toronto Transit Commissions (TTC) Line 1 Subway Enhancement Program.
  • "We are proud to work together with WSP and the TTC to support its goal of improved customer experience, safety and satisfaction, said IBI Group Director and Senior Practice Lead, Architecture, Lisa DAbbondanza.
  • For more information and/or to connect with an IBI Group professional, please contact Julia Harper at [email protected] or 647-330-4706.
  • IBI Group believes that cities thrive when designed with intelligent systems, sustainable buildings, efficient infrastructure, and a human touch.

Notice from the Office of the Secretary - Ontario Securities Commission

Retrieved on: 
Tuesday, December 1, 2020
Line 1 Yonge–University, Chicago and North Western Transportation Company, R (Miller) v Secretary of State for Exiting the European Union, Rail transport, Railway lines, Transport

TORONTO, Dec. 1, 2020 /CNW/ -Take notice that the hearing in the above named matter scheduled to be heard on December 2 and 3, 2020 will not proceed as scheduled.

Key Points: 

TORONTO, Dec. 1, 2020 /CNW/ -Take notice that the hearing in the above named matter scheduled to be heard on December 2 and 3, 2020 will not proceed as scheduled.
The hearing on the merits will continue on December 4, 2020 at 10:00 a.m.

Notice from the Office of the Secretary - Ontario Securities Commission

Retrieved on: 
Friday, November 27, 2020
Chicago and North Western Transportation Company, Line 1 Yonge–University, R (Miller) v Secretary of State for Exiting the European Union, Rail transport, Railway lines, Transport

TORONTO, Nov. 27, 2020 /CNW/ -Take notice that the hearing in the above named matter scheduled to be heard on November 30 and December 1, 2020 will not proceed as scheduled.

Key Points: 

TORONTO, Nov. 27, 2020 /CNW/ -Take notice that the hearing in the above named matter scheduled to be heard on November 30 and December 1, 2020 will not proceed as scheduled.
The hearing on the merits will continue on December 2, 2020 at 10:00 a.m.

Notice from the Office of the Secretary - Ontario Securities Commission

Retrieved on: 
Friday, November 20, 2020
Line 1 Yonge–University, Chicago and North Western Transportation Company, R (Miller) v Secretary of State for Exiting the European Union, Rail transport, Railway lines, Transport

TORONTO, Nov. 20, 2020 /CNW/ -Take notice that the hearing in the above named matter scheduled to be heard on November 23, 2020 will not proceed as scheduled.

Key Points: 

TORONTO, Nov. 20, 2020 /CNW/ -Take notice that the hearing in the above named matter scheduled to be heard on November 23, 2020 will not proceed as scheduled.
The hearing on the merits will continue on November 25, 2020 at 10:00 a.m.

Notice from the Office of the Secretary - Ontario Securities Commission

Retrieved on: 
Wednesday, November 18, 2020
Chicago and North Western Transportation Company, Line 1 Yonge–University, Rail transport, Railway lines, Transport

TORONTO, Nov. 18, 2020 /CNW/ -Take notice an attendance in the above named matter is scheduled to be heard on December 7, 2020 at 9:00 a.m.

Key Points: 

TORONTO, Nov. 18, 2020 /CNW/ -Take notice an attendance in the above named matter is scheduled to be heard on December 7, 2020 at 9:00 a.m.

High-Speed 2 project managers “blindsided by contact with reality”

Retrieved on: 
Sunday, May 17, 2020
High Speed 2, R (HS2 Action Alliance Ltd) v Secretary of State for Transport, Cost overrun, Rail transport by country, Constitution of the United Kingdom, Railway lines

The Committee finds that the Department for Transport (DfT) Permanent Secretary and HS2 Ltd executives’ appearance before the Committee in March 2020 raised questions about the previous picture, provided by the witnesses, of the project’s health.  Failure to deliver Phase One The Department and HS2 Ltd were aware of the scale of theprojectscost and schedule overruns as early as October 2018.

Key Points: 


The Committee finds that the Department for Transport (DfT) Permanent Secretary and HS2 Ltd executives’ appearance before the Committee in March 2020 raised questions about the previous picture, provided by the witnesses, of the project’s health.  

Failure to deliver Phase One

    • The Department and HS2 Ltd were aware of the scale of theprojectscost and schedule overruns as early as October 2018.
    • In March2019, HS2 Ltd formally advised the Department that it would not be able to deliver Phase One of the programme on time or withinthe available funding.
    • The Departments emerging estimateinDecember2019gavea potential cost of between 65 billion and 88 billion: 17% and 58%respectively more than the available funding of 55.7 billion.
    • These estimates were all given in 2015 prices, and so will also be revised to reflect inflation and changes in prices into the future.

A lack of capability

    • A lack of capability continuesto be an issue: by its own recent assessment HS2 Ltdstill hasgapsinkey areassuch as riskmanagementandassurance, project managementand project control.
    • In oral evidence the Committee questioned the basis for the 46,000 bonus paid in 2019 to Mark Thurston, HS2 Ltds chief executive, on top of his 605,350 salary the highest of any Government official.
    • The bonus was linked to a set of measures including control of the projects finances, though its estimated cost has almost doubled to more than 100 billion, in current prices.

DfT must demonstrate with regular, open accounts

    • The Committeeis notconvinced thatthe Department islearning from problems across its major infrastructureprojects tomakesufficient and meaningful changes to its management of infrastructure programmes.In its recommendations to Government, the Committee is seeking new,formal assurances thatDfTand HS2 Ltd have the capability to manage the programme and its supply chain, into construction and through to completion.

Chair's comments

    • Commenting on the report, Committee Chair Meg HillierMPsaid: The Committee is concerned about how open the Department and HS2 Ltd executives have been in their account of this project.
    • It is massivelyover budget and delayed before work has even begun.There is no excuse for hiding the nature and extent of the problems the project was facing from Parliament and the taxpayer.The Department and HS2 appear to have been blindsided by contact with reality when Phase One started moving through Parliament,the predicted costs ofnecessary commitments to the communities affectedhave exploded from 245 million to 1.2 billion.TheGovernment unfortunately has a wealth of mistakes on major transport infrastructure to learn from,but it does not give confidence thatit isfinally going to take those lessons when this isitsapproach.
    • Inthe six-monthly reports the Department has now agreed to give us, we want to see an honest, open account,and evidence of learning from past mistakes being applied to bring this project under control, to deliver itwithin thetimeline and budgetthat have been agreed in justifying the project.
    • The Committee is concerned about how open the Department and HS2 Ltd executives have been in their account of this project.
    • It is massivelyover budget and delayed before work has even begun.There is no excuse for hiding the nature and extent of the problems the project was facing from Parliament and the taxpayer.The Department and HS2 appear to have been blindsided by contact with reality when Phase One started moving through Parliament,the predicted costs ofnecessary commitments to the communities affectedhave exploded from 245 million to 1.2 billion.

Member's comments

    • I was a member of that committee, which lasted for 20 months: this is complete nonsense.
    • have seen in my nine years in total on the committee.
    • The Permanent Secretary appeared before the committee in October 2018 and again in May 2019.
    • This is a serious breach of the departments duty to Parliament and hence to the public, which as the report says, will undermine confidence.
    • Furthermore, the PAC was in the dark about serious cost overruns and was therefore unable to do its duty to inform Parliament that value for money on the project was at risk.

Further information

High-Speed 2 project managers “blindsided by contact with reality”

Retrieved on: 
Sunday, May 17, 2020
High Speed 2, R (HS2 Action Alliance Ltd) v Secretary of State for Transport, Cost overrun, Rail transport by country, Constitution of the United Kingdom, Railway lines

The Committee finds that the Department for Transport (DfT) Permanent Secretary and HS2 Ltd executives’ appearance before the Committee in March 2020 raised questions about the previous picture, provided by the witnesses, of the project’s health.  Failure to deliver Phase One The Department and HS2 Ltd were aware of the scale of theprojectscost and schedule overruns as early as October 2018.

Key Points: 


The Committee finds that the Department for Transport (DfT) Permanent Secretary and HS2 Ltd executives’ appearance before the Committee in March 2020 raised questions about the previous picture, provided by the witnesses, of the project’s health.  

Failure to deliver Phase One

    • The Department and HS2 Ltd were aware of the scale of theprojectscost and schedule overruns as early as October 2018.
    • In March2019, HS2 Ltd formally advised the Department that it would not be able to deliver Phase One of the programme on time or withinthe available funding.
    • The Departments emerging estimateinDecember2019gavea potential cost of between 65 billion and 88 billion: 17% and 58%respectively more than the available funding of 55.7 billion.
    • These estimates were all given in 2015 prices, and so will also be revised to reflect inflation and changes in prices into the future.

A lack of capability

    • A lack of capability continuesto be an issue: by its own recent assessment HS2 Ltdstill hasgapsinkey areassuch as riskmanagementandassurance, project managementand project control.
    • In oral evidence the Committee questioned the basis for the 46,000 bonus paid in 2019 to Mark Thurston, HS2 Ltds chief executive, on top of his 605,350 salary the highest of any Government official.
    • The bonus was linked to a set of measures including control of the projects finances, though its estimated cost has almost doubled to more than 100 billion, in current prices.

DfT must demonstrate with regular, open accounts

    • The Committeeis notconvinced thatthe Department islearning from problems across its major infrastructureprojects tomakesufficient and meaningful changes to its management of infrastructure programmes.In its recommendations to Government, the Committee is seeking new,formal assurances thatDfTand HS2 Ltd have the capability to manage the programme and its supply chain, into construction and through to completion.

Chair's comments

    • Commenting on the report, Committee Chair Meg HillierMPsaid: The Committee is concerned about how open the Department and HS2 Ltd executives have been in their account of this project.
    • It is massivelyover budget and delayed before work has even begun.There is no excuse for hiding the nature and extent of the problems the project was facing from Parliament and the taxpayer.The Department and HS2 appear to have been blindsided by contact with reality when Phase One started moving through Parliament,the predicted costs ofnecessary commitments to the communities affectedhave exploded from 245 million to 1.2 billion.TheGovernment unfortunately has a wealth of mistakes on major transport infrastructure to learn from,but it does not give confidence thatit isfinally going to take those lessons when this isitsapproach.
    • Inthe six-monthly reports the Department has now agreed to give us, we want to see an honest, open account,and evidence of learning from past mistakes being applied to bring this project under control, to deliver itwithin thetimeline and budgetthat have been agreed in justifying the project.
    • The Committee is concerned about how open the Department and HS2 Ltd executives have been in their account of this project.
    • It is massivelyover budget and delayed before work has even begun.There is no excuse for hiding the nature and extent of the problems the project was facing from Parliament and the taxpayer.The Department and HS2 appear to have been blindsided by contact with reality when Phase One started moving through Parliament,the predicted costs ofnecessary commitments to the communities affectedhave exploded from 245 million to 1.2 billion.

Member's comments

    • I was a member of that committee, which lasted for 20 months: this is complete nonsense.
    • have seen in my nine years in total on the committee.
    • The Permanent Secretary appeared before the committee in October 2018 and again in May 2019.
    • This is a serious breach of the departments duty to Parliament and hence to the public, which as the report says, will undermine confidence.
    • Furthermore, the PAC was in the dark about serious cost overruns and was therefore unable to do its duty to inform Parliament that value for money on the project was at risk.

Further information

High-Speed 2 project managers “blindsided by contact with reality”

Retrieved on: 
Sunday, May 17, 2020
High Speed 2, R (HS2 Action Alliance Ltd) v Secretary of State for Transport, Cost overrun, Rail transport by country, Constitution of the United Kingdom, Railway lines

The Committee finds that the Department for Transport (DfT) Permanent Secretary and HS2 Ltd executives’ appearance before the Committee in March 2020 raised questions about the previous picture, provided by the witnesses, of the project’s health.  Failure to deliver Phase One The Department and HS2 Ltd were aware of the scale of theprojectscost and schedule overruns as early as October 2018.

Key Points: 


The Committee finds that the Department for Transport (DfT) Permanent Secretary and HS2 Ltd executives’ appearance before the Committee in March 2020 raised questions about the previous picture, provided by the witnesses, of the project’s health.  

Failure to deliver Phase One

    • The Department and HS2 Ltd were aware of the scale of theprojectscost and schedule overruns as early as October 2018.
    • In March2019, HS2 Ltd formally advised the Department that it would not be able to deliver Phase One of the programme on time or withinthe available funding.
    • The Departments emerging estimateinDecember2019gavea potential cost of between 65 billion and 88 billion: 17% and 58%respectively more than the available funding of 55.7 billion.
    • These estimates were all given in 2015 prices, and so will also be revised to reflect inflation and changes in prices into the future.

A lack of capability

    • A lack of capability continuesto be an issue: by its own recent assessment HS2 Ltdstill hasgapsinkey areassuch as riskmanagementandassurance, project managementand project control.
    • In oral evidence the Committee questioned the basis for the 46,000 bonus paid in 2019 to Mark Thurston, HS2 Ltds chief executive, on top of his 605,350 salary the highest of any Government official.
    • The bonus was linked to a set of measures including control of the projects finances, though its estimated cost has almost doubled to more than 100 billion, in current prices.

DfT must demonstrate with regular, open accounts

    • The Committeeis notconvinced thatthe Department islearning from problems across its major infrastructureprojects tomakesufficient and meaningful changes to its management of infrastructure programmes.In its recommendations to Government, the Committee is seeking new,formal assurances thatDfTand HS2 Ltd have the capability to manage the programme and its supply chain, into construction and through to completion.

Chair's comments

    • Commenting on the report, Committee Chair Meg HillierMPsaid: The Committee is concerned about how open the Department and HS2 Ltd executives have been in their account of this project.
    • It is massivelyover budget and delayed before work has even begun.There is no excuse for hiding the nature and extent of the problems the project was facing from Parliament and the taxpayer.The Department and HS2 appear to have been blindsided by contact with reality when Phase One started moving through Parliament,the predicted costs ofnecessary commitments to the communities affectedhave exploded from 245 million to 1.2 billion.TheGovernment unfortunately has a wealth of mistakes on major transport infrastructure to learn from,but it does not give confidence thatit isfinally going to take those lessons when this isitsapproach.
    • Inthe six-monthly reports the Department has now agreed to give us, we want to see an honest, open account,and evidence of learning from past mistakes being applied to bring this project under control, to deliver itwithin thetimeline and budgetthat have been agreed in justifying the project.
    • The Committee is concerned about how open the Department and HS2 Ltd executives have been in their account of this project.
    • It is massivelyover budget and delayed before work has even begun.There is no excuse for hiding the nature and extent of the problems the project was facing from Parliament and the taxpayer.The Department and HS2 appear to have been blindsided by contact with reality when Phase One started moving through Parliament,the predicted costs ofnecessary commitments to the communities affectedhave exploded from 245 million to 1.2 billion.

Member's comments

    • I was a member of that committee, which lasted for 20 months: this is complete nonsense.
    • have seen in my nine years in total on the committee.
    • The Permanent Secretary appeared before the committee in October 2018 and again in May 2019.
    • This is a serious breach of the departments duty to Parliament and hence to the public, which as the report says, will undermine confidence.
    • Furthermore, the PAC was in the dark about serious cost overruns and was therefore unable to do its duty to inform Parliament that value for money on the project was at risk.

Further information

Full Steam Ahead: Property Rescue Looks at The Impact of HS2 on the Property Market

Retrieved on: 
Wednesday, April 8, 2020
Department for Transport, High Speed 2, Property, Railway lines, Rail transport by country, Rail transport

During this time, speculation has been rife as to whether it will have a positive or negative effect on house prices.

Key Points: 
  • During this time, speculation has been rife as to whether it will have a positive or negative effect on house prices.
  • Property Rescue have delved into the details to help homeowners understand exactly what sort of effect HS2 will have on the price of their property.
  • Danny Nieberg, Director at Property Rescue said, "It's common that the disruption caused by major projects can have a temporary negative effect on house prices.
  • For more information, visit the Property Rescue website: www.propertyrescue.co.uk