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Despite stalled growth in China, Brazil and Russia, a wave of newly middle-class travelers from the BRICs and beyond will start visiting international destinations in the coming decades — dwarfing the numbers we’ve seen thus far.
Metro-North has to show the federal government that it’s making real changes and instating a new president is one of the clearest signs that change is underway.
Metro-North Railroad President Howard Permut is expected to retire by the end of this month, as the company faces federal pressure to ramp up its safety systems after a deadly train crash in December, the Wall Street Journal reported on Monday.
Permut who has served as Metro-North’s president since 2008, will be succeeded by Joseph Giulietti, the executive director of the South Florida Regional Transportation Authority, the Journal said, citing officials familiar with the matter.
Metro-North Railroad could not be reached for comment by Reuters outside of regular U.S. business hours.
Last month, federal regulators launched a 60-day safety assessment of Metro-North, operator of the train that derailed on Dec. 1 as it entered a sharp curve in New York’s Bronx borough, killing four people and injuring 70 others.
The December train derailment was the latest in a string of problems last year for Metro-North, the second busiest U.S. commuter railroad in terms of monthly ridership.
The accident marked the first customer fatality in Metro-North’s three-decade history and the Metropolitan Transportation Authority, which operates Metro-North, called it a “black day” for the railroad.
Reporting by Natalie Grover and Zeba Siddiqui in Bangalore. Editing by Supriya Kurane.
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