Category: Transit News

FHWA Highlights Efforts to Reduce Pollution, Combat Climate Change, and Improve Resiliency in Communities Nationwide

FHWA Highlights Efforts to Reduce Pollution, Combat Climate Change, and Improve Resiliency in Communities Nationwide

| April 29, 2024

Biden-Harris Administration advances climate goals through recent infrastructure projects The U.S. Department of Transportation’s Federal Highway Administration (FHWA) celebrated several recent actions of the Biden-Harris Administration to advance climate goals through historic investments in infrastructure. FHWA is taking an active role in combatting climate change by reducing transportation-related emissions, funding resiliency projects to protect communities […]

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Ryder Continues Cross-Border Expansion; Opens Another Multiclient Logistics Facility at Top U.S.-Mexico Port

Ryder Continues Cross-Border Expansion; Opens Another Multiclient Logistics Facility at Top U.S.-Mexico Port

| April 29, 2024

Site strategically located along critical trade corridor in El Paso, Texas to support growth in nearshoring Ryder System, Inc. announces the opening of a second multiclient logistics facility at a top U.S.-Mexico port in as many months. The newest site is in El Paso, Texas near the Ysleta Port of Entry, the largest commercial port […]

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Q2 TD Cowen/AFS Freight Index: Parcel surcharge changes wring out additional revenue, LTL and truckload rates hold steady

Q2 TD Cowen/AFS Freight Index: Parcel surcharge changes wring out additional revenue, LTL and truckload rates hold steady

| April 28, 2024

Out-of-cycle parcel pricing actions drive greater yields, while rates in truckload and LTL stay flat as carriers hang on for freight cycle fundamentals to improve AFS Logistics, an industry-leading third-party logistics (3PL) provider, and TD Cowen announce the second quarter (Q2) 2024 release of the TD Cowen/AFS Freight Index, a snapshot with predictive pricing for […]

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Biden-Harris Administration Announces $830 Million in Grants to Make Transportation Infrastructure More Resilient to Climate Change

Biden-Harris Administration Announces $830 Million in Grants to Make Transportation Infrastructure More Resilient to Climate Change

| April 28, 2024

New program supports projects to protect bridges, roads, ports, rail, and transit from extreme weather and the impacts of climate change, advances Administration’s National Climate Resilience Framework The Biden-Harris Administration today announced nearly $830 million in grant awards for 80 projects nationwide that will help states and local communities save taxpayers money while strengthening surface-transportation […]

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Voltera Secures $9.6M Federal Grant to Electrify Major US Ports: Savannah, Los Angeles and Long Beach

Voltera Secures $9.6M Federal Grant to Electrify Major US Ports: Savannah, Los Angeles and Long Beach

| April 28, 2024

The grant from the Federal Highway Administration will be used to develop zero-emission vehicle charging infrastructure for heavy-duty electric trucks at Voltera’s sites near Savannah, GA and in Wilmington, CA Voltera, a leading developer, owner, and operator of charging infrastructure for zero-emission vehicle (ZEV) fleets, announced that its owned sites near the ports of Savannah […]

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Platform Science Raises $125 Million in Growth Capital

Platform Science Raises $125 Million in Growth Capital

| April 25, 2024

Leading connected vehicle platform accelerating momentum with OEMs, fleets and developers Platform Science, the leading edge application platform for transportation raised $125 million in growth capital to accelerate innovation in the commercial transportation sector. Key strategic investors included C.R. England, Cummins, Daimler Truck, PACCAR, RyderVentures, and Schneider. New financial investors included Activant Capital, BDT & MSD […]

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