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May 15th, 2025
May 15th, 2025
Transportation Today News

Home » Investment » Page 50

Investment

FTA awards $9.9M to tribal communities to improve public transit systems

By Melina Druga  |   September 27, 2023   |   Federal

The Federal Transit Administration (FTA) recently awarded 22 American Indian Tribes and Alaska Native communities $9.9 million in Tribal Transit Program grants to improve public transit systems. Th...

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Florida releases timeline for Moving Florida Forward projects

By Melina Druga  |   September 27, 2023   |   Investment

The Florida Department of Transportation (FDOT) recently announced timelines for Moving Florida Forward projects. The Moving Florida Forward Infrastructure Initiative expedites priority infrastruct...

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FAA announces nearly $300M of carbon pollution reduction projects in aviation industry

By Liz Carey  |   September 27, 2023   |   Air

On Monday, the Federal Aviation Administration (FAA) said it would accept applications for nearly $300 million to fund projects designed to help the aviation industry reach net-zero emissions by 2050....

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NYC bus electrification project making progress

By Liz Carey  |   September 26, 2023   |   City

Construction is progressing on a state-of-the-art bus electrification project that will lead to 53 overhead bus chargers being built in Manhattan, Queens, Staten Island and Brooklyn, New York Gov. Kat...

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FRA announces $1.4B in rail improvement grants

By Liz Carey  |   September 26, 2023   |   Federal

The U.S. Department of Transportation’s Federal Railroad Administration (FRA) announced on Monday it awarded more than $1.4 billion in rail improvement grants to 70 projects in 35 states and the Dis...

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Norfolk Southern expanding passenger rail in Pennsylvania

By Melina Druga  |   September 26, 2023   |   Featured

Norfolk Southern Corp. and the Pennsylvania Department of Transportation (PennDOT) recently finalized an agreement to expand passenger rail service on the Pennsylvanian Amtrak line in Western Pennsylv...

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Kentucky Gov. Beshear approves $6.1M in street, road repair requests

By Liz Carey  |   September 25, 2023   |   Investment

On Thursday, Kentucky Gov. Andy Beshear approved a round of more than $6 million in discretionary road funds for 42 of the state’s local governments. The fund will go toward repairs to local str...

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MARAD awards nearly $12M for supply chain improvements

By Liz Carey  |   September 25, 2023   |   Featured

On Thursday, the U.S. Department of Transportation’s Maritime Administration (MARAD) announced it had awarded nearly $12 million to eight marine highway projects to strengthen the country’s supply...

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Rendering of Bristol PHL Cool Port

Investment firm building cargo facility at Philadelphia International Airport

By Melina Druga  |   September 22, 2023   |   Investment

Bristol Group, Inc., a privately-owned real estate investment and development firm, recently announced plans to build a approximately 261,000-square-foot climate-controlled cargo facility at Philadelp...

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Port Authority of New Jersey and New York releases net-zero greenhouse gas emissions roadmap

By Liz Carey  |   September 22, 2023   |   Investment

On Tuesday, the Port Authority of New Jersey and New York released its plan to reach net zero greenhouse gas emissions by 2050. The plan, released in conjunction with Climate Week NYC, includes mo...

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Truck parking spaces open on I-80

By Melina Druga  |   September 22, 2023   |   Federal

A total of 200 new truck parking spaces recently opened along Interstate 80 in Wyoming. The parking spaces will improve safety during winter and will allow safe and efficient freight movement. ...

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Pipeline and Hazardous Materials Safety Administration awards $14.8M grant funding through five assistance programs

By Melina Druga  |   September 21, 2023   |   Federal

The Pipeline and Hazardous Materials Safety Administration (PHMSA) recently awarded $14.8 million in grants funding, authorized by the bipartisan Protecting Our Infrastructure of Pipelines and Enhanci...

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U.S. agencies join MIT in opening John Volpe National Transportation Systems Center

By Liz Carey  |   September 21, 2023   |   Featured

Representatives of the U.S. General Services Administration and the U.S. Department of Transportation (DOT) join the Massachusetts institute of Technology and others Tuesday for a ribbon cutting on th...

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New York MTA credit rating sees improvement, Moody’s reports

By Liz Carey  |   September 21, 2023   |   Investment

The credit rating for New York’s Metropolitan Transportation Authority improved from “stable” to “positive,” Gov. Kathy Hochul announced Tuesday. Moody’s Investors’ Service amended t...

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FRA to award $139M in Special Transportation Circumstances grants

By Melina Druga  |   September 20, 2023   |   Federal

The Federal Railroad Administration (FRA) will soon make available $139 million in Special Transportation Circumstances (STC) grant program funding. “This funding will create jobs, grow local eco...

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FHWA releases emergency funds for government agencies

By Melina Druga  |   September 19, 2023   |   Featured

The Federal Highway Administration (FHWA) recently made available $4.575 million in “quick release” Emergency Relief funds for the National Park Service, the Forest Service, and the U.S. Fish & Wi...

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Driverless Shuttle debuts at Newark Liberty International Airport

By Liz Carey  |   September 19, 2023   |   Air

As part of a pilot project to test autonomous vehicles, the Port Authority of New York and New Jersey announced it would debut a driverless shuttle at Newark International Airport The autonomous sh...

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Bayfront Parkway Central Corridor Improvement Construction Project to strengthen connection between Downtown Erie, Waterfront

By Melina Druga  |   September 19, 2023   |   City

The $111.7 million Bayfront Parkway Central Corridor Improvement Construction Project aims to strengthen the connection between Downtown Erie, Pa., and the Lake Erie Waterfront by improving accessibil...

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Federal Motor Carrier Safety Administration awards more than $80M in grants

By Melina Druga  |   September 15, 2023   |   Federal

The Federal Motor Carrier Safety Administration (FMCSA) recently announced more than $80 million in grant awards through the Bipartisan Infrastructure Law. Funding was awarded to academic institut...

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Arizona Department of Transportation wins regional award for fiber-optic infrastructure project

By Melina Druga  |   September 14, 2023   |   Investment

Engineering News-Record, a construction trade publication, recently honored the team responsible for an Arizona Department of Transportation project that installed high-speed fiber-optic infrastructur...

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