Passenger Bus, Rail and Motorcoach Industry News

Includes $50 billion for immediate investments to support critical infrastructure projects, such as improving America’s roads, bridges, transit systems, border crossings, railways and runways,

The company also announced the opening of its New York office and the hiring of Josh Robin as VP, strategy and business development, North American operations.

Founded in 1949, and headquartered in Caxias do Sul, Brazil, Marcopolo is one of the world’s largest bus builders and is primarily engaged in the manufacturing of buses, bus bodies and components.

Closed a $23 million Series B financing round amid rising demand for its transit solutions. Has tripled orders under contract for the company’s flagship EcoRide from public transit agencies in the past twelve months alone and is planning for its current growth path to continue.

Difficulties brought on by Hurricane Sandy underscore the need for a rebalance in transportation investments. More people are choosing to live in places closer to where they work and ride public transit instead of driving.

The aggressive capital program, known as Metro Forward, includes projects to replace 95 buses; rehabilitate 100 buses, 42 escalators and 21 elevators; install event recorders on the 1000- and 4000-series railcars, and continue the rehabilitation of track and structures maintenance on the Red, Orange and Blue lines.

Supports the recently launched online grassroots campaign "Take Action. Write to Minister Lebel" that aims at engaging dialogue on the national importance of transit and making sure public transit becomes a central-pillar of the next long-term plan

TCAP last month restated its intention to offer up to $500 million in common and preferred stock or debt securities to investors in the coming months.

Five mechanisms are evaluated in depth, including tax increment financing, special assessment districts, transit impact fees, joint developments and air rights. The report includes policy recommendations.

The investments made under the transportation portion of the American Jobs Act could put hundreds of thousands of people to work in Pennsylvania and around the country, renovating and rebuilding roads, rails and runways.