A group of 68 infrastructure advocacy groups, including state transportation agencies, recently mailed Congress a letter urging them to pass a reauthorization of the Highway Trust Fund road and transit programs this year. Read More »
Diana Shipping, Inc., a worldwide shipping company that specializes in the ownership of dry bulk vessels, announced Monday that it has signed a five-year term loan facility on July 22 with BNP Paribas. The loan is worth up to $165 million. Read More »
Loop Transportation, Inc. and SFO Shuttle, Inc., which operate together as Loop, announced Monday that both companies have been acquired by Hallcon Corp. Loop, headquartered in San Francisco, has the eighth largest private bus fleet in the U.S. Read More »
Bombardier Transportation, a leader in rail technology, recently announced that it has gained a contract to provide vehicle maintenance on the company’s vehicles for Toronto’s new Eglinton Crosstown light rail line. Read More »
Washington D.C.-based TRIP found driving on deteriorated urban roads costs motorists as much as $1,044 annually, according to a new report from the national transportation research group. Read More »
A new report from Arlington, Va.-based American Trucking Associations projects freight volumes will increase by nearly 29 percent over the next 11 years. “The outlook for all modes of freight transportation remains bright,” said ATA Chief Economist Bob Costello. Read More »
The Georgia Department of Transportation recently approved the planned movement of a machine press through the Metro-Atlanta area. Read More »
According to a recent announcement, Rep. Kevin Cramer accepted $2.7 million in funds for planning a railroad in North Dakota and the Midwest. Read More »
U.S. Sen. Sherrod Brown (D-OH) recently introduced a funding amendment that would offer the mandatory funding for major projects involved in bridge and freight programs, like Brent Spence Bridge. Read More »
Deal will cost Roadrunner $35 million as well as an earn-out capped at $5 million. Read More »
U.S. Transportation Secretary Anthony Foxx recently awarded seven states as well as the National Park Service with $7.1 million to further projects in the states and parks. Read More »
Congress could vote on a six-year transportation package that includes a three-month extension to the Highway Trust Fund as early as Wednesday, transportation industry sources tell TI News Daily. Read More »
Chairman of the House Transportation and Infrastructure Committee Rep. Bill Shuster (R-PA) recently released his own statement about U.S. leaders choosing to extend surface transportation by three months. Read More »
An announcement by the mayors of Tempe and Phoenix, Arizona, on Tuesday said over $8.2 billion from private and public capital investment has been invested near the first 20 miles of the Valley Metro light rail line between Phoenix and Mesa. Read More »
Gov. Dannel Malloy announced the State Bond Commission has agreed to finance the initial projects under the governor’s “Let’s Go CT!” initiative. The purpose is to make Connecticut’s transportation infrastructure better by modernizing its entire system. Read More »
The Texas Department of Transportation (TxDOT) said Monday it recently received a national award formally recognizing the department coming in under budget with its 13.3-mile North Tarrant Express project in the Dallas and Forth Worth area. Read More »
Thomas Prendergast, the chairman and CEO of the Metropolitan Transportation Authority (MTA), recently sent Mayor Bill de Blasio of New York City a letter encouraging the city to invest $3.2 billion in support for the Capital Program. Read More »
New Mexico, Texas and Montana departments of transportation were among eight winners in this year’s second regional contest in the America’s Transportation Awards competition. Read More »
The TransBorder Freight Data recently published data from the Bureau of Transportation Statistics (BTS), a branch of the U.S. Department of Transportation, which shows the numbers of the North American freight industry from May 2015. Read More »
Railroad employees must communicate to each other that trains carrying dangerous cargo are secure. Read More »
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