Rail transport by country

Savage Tooele Railroad Line in Utah Wins Surface Transportation Board Approval

Retrieved on:

Wednesday, April 3, 2024

Longevity, STR, STB, Union Pacific Railroad, Environmental impact assessment, Transport, Savage, Surface Transportation Board, Environmental analysis, Rail transport by country, Line, Rehabilitation

SALT LAKE CITY, April 03, 2024 (GLOBE NEWSWIRE) -- The Surface Transportation Board (STB) has granted Savage Tooele Railroad Company (STR) the authority to build and operate approximately 11 miles of rail line in Tooele County, Utah, including the rehabilitation of existing track.

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SALT LAKE CITY, April 03, 2024 (GLOBE NEWSWIRE) -- The Surface Transportation Board (STB) has granted Savage Tooele Railroad Company (STR) the authority to build and operate approximately 11 miles of rail line in Tooele County, Utah, including the rehabilitation of existing track.
The STR rail line will connect to Union Pacific Railroad for tenants of the Lakeview Business Park in Grantsville, Utah, linking supply chains and providing an alternative to truck-only transportation with a more environmentally-friendly option.
STR is one of the only new railroads approved in the U.S. this year and one of the first railroads owned and operated by a Utah-headquartered company in the state’s history.
“I want to congratulate Savage Tooele Railroad on the approval of their Tooele Valley rail project by the Surface Transportation Board,” said Utah Governor Spencer J. Cox.

Coda Octopus Group Reports Fiscal First Quarter 2024 Financial Results

Retrieved on:

Monday, March 18, 2024

ORLANDO, FL, March 18, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today reported its unaudited financial results for its fiscal first quarter ended January 31, 2024 (FQ2024).

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ORLANDO, FL, March 18, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today reported its unaudited financial results for its fiscal first quarter ended January 31, 2024 (FQ2024).
Annmarie Gayle, CODA’s Chairman and CEO, commented: “Our First Quarter 2024 results were in alignment with our internal Business Plan but down compared to our First Quarter 2023.
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The Company’s full financial results, including its Quarterly Report for the First Quarter of 2024, are available at www.nasdaq.com/symbol/coda/sec-filings .
CODA will host a conference call today, March 18, 2024, at 10:00 a.m. Eastern Time (7:00 a.m. Pacific Time) to discuss its results for the First Quarter ended January 31, 2024.

Infrastructure Consulting & Engineering Announces Strategic Investment from Godspeed Capital

Retrieved on:

Wednesday, April 3, 2024

Infrastructure Consulting & Engineering, PLLC (“ICE” or the “Company”), a premier transportation consulting and engineering firm focused on the Southeastern United States, today announced that it has received a strategic investment from Godspeed Capital Management LP (“Godspeed Capital”), a lower middle-market Defense & Government services, solutions, and technology focused private equity firm.

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Infrastructure Consulting & Engineering, PLLC (“ICE” or the “Company”), a premier transportation consulting and engineering firm focused on the Southeastern United States, today announced that it has received a strategic investment from Godspeed Capital Management LP (“Godspeed Capital”), a lower middle-market Defense & Government services, solutions, and technology focused private equity firm.
ICE will work with Godspeed Capital to expand the platform’s geographic footprint and business development ambitions, forge new relationships in strategic markets, and broaden its service offerings through both an organic and inorganic acquisition growth strategy.
The current ICE management team will remain intact and retain a significant equity position in the platform.
Latham & Watkins LLP acted as legal advisor to Godspeed Capital.

United States $41.58 Billion Natural Gas Storage Markets, Competition, Forecast & Opportunities, 2018-2028F - ResearchAndMarkets.com

Retrieved on:

Wednesday, April 3, 2024

The "United States Natural Gas Storage Market, By Region, By Competition Forecast & Opportunities, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.

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The "United States Natural Gas Storage Market, By Region, By Competition Forecast & Opportunities, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
United States Natural Gas Storage Market has valued at USD 41.58 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.82% through 2028.
One of the key drivers for the United States Natural Gas Storage Market is the increasing demand for natural gas, driven by its versatile applications in electricity generation, heating, industrial processes, and as a cleaner energy source.
Another crucial driver for the United States Natural Gas Storage Market is the evolving regulatory landscape and environmental considerations.

Experienced Transportation Executive Brad Adams Joins The Sanborn Map Company

Retrieved on:

Tuesday, March 12, 2024

Other Transport, Transport, Other Technology, Technology, Software, Digital, DOT, Data as a service, Data collection, Engineering, Rail transport by country, Safety

The Sanborn Map Company Inc (Sanborn), a comprehensive geospatial solutions provider, proudly announces the appointment of Bradley Adams, P.E.

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The Sanborn Map Company Inc (Sanborn), a comprehensive geospatial solutions provider, proudly announces the appointment of Bradley Adams, P.E.
With an extensive background in transportation engineering, surveying, and IT consulting, Brad brings a wealth of experience to the Sanborn team.
In a career spanning 35 years, Brad has held many executive leadership roles, directing the development of solutions, go to market plans, and partnering strategies.
"Brad’s experience and expertise creating geospatial solutions for the transportation sector will help drive Sanborn innovation,” said John Copple, CEO.

Integrated Rail and Resources Acquisition Corp. Announces Extension

Retrieved on:

Monday, March 11, 2024

Professional Services, Finance, Transfer, Natural Resources, Rail transport by country, Acquisition

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

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The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on natural resources, railroads and/or railroad logistics companies, or any combinations thereof.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
This announcement is being issued in accordance with Rule 135 under the Securities Act.

TEAMSTERS RAIL CONFERENCE CELEBRATES NEW FEDERAL RULE MANDATING TWO-PERSON CREWS

Retrieved on:

Wednesday, April 3, 2024

Congress, Brotherhood, Conference, BLET, International Brotherhood of Teamsters, Transport, Safety, Swiss Federal Railways, Department of transportation, Rail transport by country, Rail transport

WASHINGTON, April 3, 2024 /PRNewswire/ -- The Teamsters Rail Conference celebrated the unveiling of a new federal rule that requires a minimum of two crew members on board most freight trains. This rulemaking comes after 13 years of tireless advocacy to protect and mandate crew sizes by the Brotherhood of Locomotive Engineers and Trainmen (BLET) and the Teamsters Rail Conference.

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WASHINGTON, April 3, 2024 /PRNewswire/ -- The Teamsters Rail Conference celebrated the unveiling of a new federal rule that requires a minimum of two crew members on board most freight trains.
This rulemaking comes after 13 years of tireless advocacy to protect and mandate crew sizes by the Brotherhood of Locomotive Engineers and Trainmen (BLET) and the Teamsters Rail Conference.
"Requiring two crew members to operate a multi-ton freight train that is several miles long should be common sense, but now, there is thankfully a rule that mandates it," said Mark Wallace, President of the Teamsters Rail Conference.
The Teamsters look forward to continuing to work alongside state and federal officials on much-needed rail safety measures and making sure that the voices of rail workers are heard."

NoTraffic Expands its Operations and Launches in the State of Florida

Retrieved on:

Wednesday, March 13, 2024

Certification, Software as a service, Florida Department, Entrepreneurship, Data analysis, FDOT, Pedestrian, Safety, Rail transport by country, Road

Tel Aviv, Israel, March 13, 2024 /PRNewswire/ -- NoTraffic, the developer of the world's leading AI Mobility Platform, today announced that it has received approval from the Florida Department of Transportation (FDOT) to operate in the state, accompanied by substantial successful implementations of NoTraffic's systems in various locations including Collier County, Pasco County, Forsyth County, Orlando, and more. This significant milestone underscores NoTraffic's unwavering commitment to the highest safety and future-ready standards. It also marks a transformative step forward in making roads safer, more efficient, and ready for connected vehicles, signaling a major advancement in the rollout of their state-of-the-art traffic management technologies across Florida.

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The FDOT certification is renowned for its rigorous approval process, and NoTraffic successfully navigating this stringent assessment reinforces its position as a trailblazer in the industry.
With FDOT's approval, NoTraffic is now poised to deploy its state-of-the-art traffic management solutions across agencies in Florida, enhancing traffic efficiency and safety, and preparing the roads for connected vehicles.
This approval will enable further opportunities within the state but also showcases that NoTraffic is a viable choice for other states seeking innovative mobility solutions.
NoTraffic utilizes edge computing technology, pioneering unparalleled software-defined infrastructure that facilitates real-time decision making at both local and cloud levels.

Ayvens Reaches Frame Agreement with Stellantis to Buy Up to 500,000 Vehicles, Making Sustainable Mobility an Easy Choice for All

Retrieved on:

Monday, February 26, 2024

Ayvens was created in May 2023 when ALD Automotive acquired LeasePlan, one of the world’s leading fleet management and mobility companies.

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Ayvens was created in May 2023 when ALD Automotive acquired LeasePlan, one of the world’s leading fleet management and mobility companies.
One of the shared priorities will be integrating Stellantis’ innovative range of sustainable vehicles to support Ayvens’ multi-brand strategy.
Carlos Tavares, CEO of Stellantis: “I am thrilled to announce a new ground-breaking agreement with Ayvens, which will aid the progressive transition of Ayven’s client base to choosing more sustainable mobility options.
By purchasing Stellantis vehicles with state-of-the-art propulsion, including battery electric vehicles, the agreement aligns with Ayvens’ PowerUP 2026 strategic plan to facilitate a progressive transition to sustainable mobility.

Rail Vision to Showcase its Safety AI-Driven Systems to US Railroad Leaders

Retrieved on:

Thursday, February 22, 2024

Switchyard, RVSN, Intelligence, Rail transport by country, Booth, Conference, Exhibition, Rail transport

Ra’anana, Israel, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market for the railway industry, today announces its participation in the American Short Line and Regional Railroad Association's (ASLRRA) 2024 Annual Conference & Exhibition, which will take place at the Kansas City Convention Center from March 24 to 26, 2024 in Kansas City, Missouri.

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During the conference, attendees can visit Rail Vision at Booth 739 and learn about its innovative solutions and products, including the MainLine and SwitchYard systems, which utilize advanced sensors and artificial intelligence to detect and assess potential safety hazards on the track in real-time.
The Company's innovative technology enables operators to proactively identify and mitigate risks before they escalate.
"As part of our relationship with the North American railway industry, we are excited to showcase our latest advancements in rail safety technology at ASLRRA's Annual Conference and Exhibition," said Shahar Hania, CEO at Rail Vision.
"This event presents an ideal platform for us to connect with industry leaders, forge partnerships, and demonstrate how Rail Vision's solutions can empower railroads to operate more safely and efficiently, preserving their business continuity."