NJ Transit’s board approved a $3 billion operating budget that will spend the last of the agency’s federal COVID-19 relief dollars and is expected to sharply raise fare collection revenue following the agency’s first fare hikes since 2015.
GATX Corp. reported 2024 second-quarter net income of $44.4 million, or $1.21 per diluted share, compared to net income of $63.3 million, or $1.74 per diluted share, in the second quarter of 2023.
Georgia plans to spend about 40% of the $1.5 billion in additional transportation funding lawmakers approved on increasing the Georgia Department of Transportation’s capital construction program.
NJBIA and hundreds of business groups are urging the U.S. Environmental Protection Agency to reject a request from the California Air Resources Board (CARB) to circumvent federal law and effectively require railroads across the nation purchase zero-emission locomotives.
Mitsubishi Electric Corporation has launched a railway data analysis service utilizing Serendie, its digital platform for the optimal use of energy and the optimal deployment and operation of railway assets by railway companies.
Rail Vision Ltd. announced that it has received a notice of allowance from the Japan Patent Office for its innovative AI-based railway obstacle detection system.