July 31, 2021
11 11 11 AM
How to Get a Bear Out of Your Car – Videos from The Weather Channel
Towing company agrees to pay troops for illegally selling their vehicles
Sangamon County Board to vote on first phase of transportation center
This Is the Deadliest Car in the U.S., According to Data
Charleston’s Ashley River bicycle-pedestrian bridge project making strides | News
HAAH Automotive Goes Bust, Abandons Plans To Import Chinese Cars To America
These Cars Are Out of Production and Discontinued for 2022
Bouchard Transportation’s Tugs and Barges Auctioned Off
Car chip shortage to abate, smartphones could be next: industry execs
New York Jets assistant coach dies following bicycle accident
Latest Post
How to Get a Bear Out of Your Car – Videos from The Weather Channel Towing company agrees to pay troops for illegally selling their vehicles Sangamon County Board to vote on first phase of transportation center This Is the Deadliest Car in the U.S., According to Data Charleston’s Ashley River bicycle-pedestrian bridge project making strides | News HAAH Automotive Goes Bust, Abandons Plans To Import Chinese Cars To America These Cars Are Out of Production and Discontinued for 2022 Bouchard Transportation’s Tugs and Barges Auctioned Off Car chip shortage to abate, smartphones could be next: industry execs New York Jets assistant coach dies following bicycle accident
Jul
2021
24

Uber to buy logistics company Transplace for $2.25 billion

Uber Freight, the rideshare company’s trucking division, said Thursday it’s acquiring shipping software company Transplace in a deal that values the transportation logistics company at $2.25 billion.

Uber shares were slightly positive Thursday morning.

Uber Freight will acquire Transplace from TPG Capital, the private equity platform of alternative asset firm TPG that acquired Transplace in 2017. The deal consists of of up to $750 million in common stock of Uber and the remainder in cash.

It’s a rare move for Uber, which has spent the last year shedding its profit-eating self-driving unit and flying taxi segment. Instead, Uber has been choosing to pour billions into strengthening its Uber Eats segment, acquiring alcohol delivery company Drizly and food delivery service Postmates.

Uber Freight chief Lior Ron said in an interview on CNBC’s “TechCheck” that the deal is a continuation of the company’s long-term vision, which is to bring digital transformation to the industry. Transplace makes software that helps companies manage their supply chains to ship goods. The company claims it operates one of the largest software platforms for supply chain management and logistics in the world.

Uber Freight, a separate division of Uber, offers similar software tools to manage supply chains and shipping. Uber Freight says it has over 70,000 carriers on its network that can ship items for companies.

Uber Freight booked $301 million in revenue in the first quarter of this year, up 51% year over year. Despite the growth, Uber Freight contributes just a small slice of Uber’s overall revenue, the bulk of which comes from rides and food delivery.

The deal is expected to help Uber’s trucking division reach profitability. The company said it could help the segment break even on an adjusted EBITDA basis by the end of 2022.

The deal is still subject to regulatory approval.

Uber is a six-time CNBC Disruptor 50 company. Sign up for our weekly, original newsletter that offers a closer look at CNBC Disruptor 50 companies like Uber, before they go public.

Jul
2021
12

California Invests $1.18 Billion in Infrastructure

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The California Transportation Commission has allocated $1.18 billion for infrastructure projects throughout the state.

The commission, which is made up of 13 members, is responsible for programming and directing transportation funds for highway, rail, transit and active transportation purposes.

More than half of the investment, some $630 million, came from Senate Bill 1, also known as the Road Repair and Accountability Act of 2017. This legislation, which involved a hike to fuel tax rates, is intended to direct $54 billion over a decade to fixing roads, highways and bridges, as well as supporting transit and safety.

According to the commission, SB 1 annually provides $5 billion in transportation funding, which is split between state and local agencies.

“California has the most heavily traveled transportation system in the country,” said California Department of Transportation Director Toks Omishakin. “[This] investment will allow Caltrans to make critical repairs and upgrades to our state’s roads and bridges, increase options for transit, rail, walking and biking, and support thousands of jobs.”

Some $7.8 million was approved for the Imperial County Transportation Commission in support of truck crossing improvements at the Calexico East Port of Entry. Imperial County comprises the eastern half of California’s border with Mexico.

The Calexico East Port of Entry, which links Imperial County to Mexicali, is a bustling crossing point for commercial trucks. According to the Bureau of Transportation Statistics, this port of entry has processed 107,929 trucks so far in 2021.

About $200 million was set aside for constructing a truck climbing lane along Interstate 10, which stretches across the southern U.S. from Santa Monica, Calif., to Jacksonville, Fla., and serves as an important conduit for freight.

In Stockton, $20 million will support a project located at a freight rail corridor that links the Port of Stockton to markets throughout California. An inland port located on the San Joaquin River, the Port of Stockton has handling facilities for dry and liquid bulk materials as well as containerized cargo.

Specifically, crews will build a flyover spanning the Stockton Diamond, an at-grade crossing point for Union Pacific Corp. and BNSF Railway tracks. According to the commission, the project will provide vertical clearance, eliminating interference between the freight railroads at this intersection.

A few of the projects focus on incorporating alternative fuels into the transportation sector. Some $5 million was issued for the procurement of 20 zero-emission hydrogen fuel cell buses and related infrastructure to improve service frequency in Los Angeles County.

The San Diego Metropolitan Transit System was issued $13.3 million to purchase 11 battery-electric buses. Specifically, these buses will be used on the Iris Rapid route, which will link passengers from Otay Mesa to the Iris Avenue station east of Imperial Beach when it is completed.

Along I-10, some $1.3 million was approved for the installation of electric charging stations for zero-emission vehicles near Banning and Blythe. Banning is 30 mile east of San Bernardino. Blythe is located directly across

Jul
2021
9

Stellantis just made an ‘aggressive’ $35.5 billion commitment to electric vehicles

The company is planning for 70% of its sales in Europe and 40% of sales in the US to be either fully electric or plug-in hybrid (but with a large majority of those vehicles being fully electric) within four years, Stellantis CEO Carlos Tavares said during an online presentation.

“[The plan] is among the most aggressive electric vehicle commitments the industry has yet seen,” said Karl Brauer, an industry analyst with ISeeCars.com.

Among its upcoming offerings will be an all-electric muscle car from Stellantis’ Dodge brand, as well as an all-electric Ram pickup.

The new Dodge is expected in 2024. Dark images in Stellantis’ video presentaion show it to have sharp corners and retro styling, much like the current Dodge Challenger. It also shows a light-up version of Dodge’s triangular 1960’s logo.

Dodge CEO Tim Kuniskis offered no further details, but made it clear that Dodge will continue as a high-horsepower performance brand. It has become clear, though, that electric cars offer real performance competition to the traditional internal combustion V8 engines Dodge is famous for. Tesla’s electric Model S four-door sedan can now at least match the drag strip performance of a highly specialized Dodge performance coupe, like the Challenger Demon.
Kuniskis admitted that engineers are reaching the performance limits of internal combustion engines and now require at least some assistance from electric motors to get large gains in power and performance. Even exotic sports car makers, like Ferrari and McLaren, are introducing plug-in hybrids, not just as a way of beating emissions standards, but as a way of increasing speed.

As part of its electrification plan, Stellantis is creating four different electric vehicle “platforms,” or core engineering setups. One will be for compact vehicles, like the Fiat 500, one for medium-sized vehicles, like mid-sized sedans and crossovers, and another for larger vehicles, like SUVs, large sedans or minivans. All of those will incorporate battery packs into the floor of the vehicle.

A fourth platform will be engineered with a separate metal frame with the battery packs carried between the frame rails. This structure, similar to the one Ford uses in the all-electric F-150 Lightning pickup, will be for trucks like the electric Ram 1500 pickup, which is also planned for 2024.

The electric vehicles will be able to drive up to about 500 miles on a charge, according to Stellantis. The company expects that, by 2026, the total ownership cost of electric vehicles, including fuel and insurance costs, will be the same as for internal combustion-powered vehicles without any government incentives.

The company plans a full line of electric and plug-in hybrid trucks and commercial vehicles. These will include ones with a new technology Stellantis is calling Range Electric Paradigm Breaker. Without providing any details, Stellantis executives promised it would allow towing and hauling without concerns about reduced driving range.

Jeep promises more plug-in vehicles like thisGrand Cherokee 4xe.

Stellantis will also operate five large battery factories in North America and Europe and the company expects to have made advances in solid state battery

Apr
2020
23

Coronavirus bill would provide $114 billion to prop up faltering transportation networks

As states have expanded orders and advice to people to remain at home in an effort to slow the spread of the virus, the numbers of people traveling and buying tickets for planes and trains has slowed to a trickle. On Tuesday, the Transportation Security Administration reported a nearly 90 percent decline in passenger numbers compared to last year. Transit agencies across the country have described similar drop-offs in demand.

The provisions in the congressional deal are designed to ensure that businesses don’t go bankrupt or public agencies default on their debts before passenger numbers recover.

Some details in the $2 trillion legislation were still being finalized, but in a presentation Wednesday afternoon, Jeff Davis, a senior fellow at the Eno Center for Transportation, said he did not expect any changes to affect the final figures for transportation.

The bill is expected to pass the Senate on Wednesday before heading to the House.

About $50 billion would be available to airlines, which have suffered as governments have imposed restrictions on travel and passengers have canceled trips. Half of the money would come in the form of grants to ensure airline employees can continue to be paid, a provision that was a priority of labor unions and Democratic lawmakers.

Sara Nelson, president of the Association of Flight Attendants, said the money would protect hundreds of thousands of jobs.

“This is not a corporate bailout; it’s a rescue package for workers,” Nelson said in a statement.

In a letter to congressional leaders over the weekend, airline chief executives warned that if lawmakers didn’t make the grants available, “many of us will be forced to take draconian measures such as furloughs.”

Companies receiving the grants would be barred from furloughing workers until Sept. 30 and couldn’t issue dividends or buy back their stock until late 2021. They would also be required to maintain service levels into 2022.

Davis said those grants might be enough money to keep some airlines operating, but for those that need more help the legislation also includes $25 billion in loans.

The loans would be offered only to companies that the government believed would otherwise go out of business. Taxpayers would also take a stake in borrowers, allowing the public to benefit if the company’s stock price rose.

Air cargo companies could get as much as $8 billion in grants and loans, and another $3 billion in payroll grants would be available to airline support contractors.

Airports would see a further $10 billion in grants on the condition that they keep 90 percent of their staff employees until the end of the year.

The bill would provide $25 billion to transit agencies, the figure they had been seeking. The money could be used to pay to put personnel on administrative leave as agencies cut service, as well as to buy protective equipment and cover other costs.

Davis said the funding is structured in such a way that it is likely to especially benefit agencies in New York and Chicago,