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The sale has a purchase price of $164 million. The companies expect the transaction to close before the end of 2026, subject to customary conditions and regulatory approvals.
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Officials said the agency continues highlighting the importance of fiscal planning in an environment where operational costs are rising faster than revenues, impacting transit agencies across the region.
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Pending state approval, the RFQ launch marks the first step in a major federally funded infrastructure upgrade to improve rail system reliability and resilience in North Jersey.
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U.S. DOT cites delays, cost overruns, and funding shortfalls in 310-page review; CHSRA has 37 days to respond before possible grant termination
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With over two decades of experience, Stantec’s Ryan White shares insights on navigating complex transit regulations, funding challenges, and the importance of authentic stakeholder engagement to deliver inclusive, future-ready transportation infrastructure.
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The new agreement ensures competitive wages and improved benefits for 1,500 frontline transit workers while restoring stability across VTA’s labor landscape.
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A seasoned transit professional with deep community ties, he will now lead the authority and its subsidiary corporations through a period of major growth and change in the region, according to Centro officials.
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New $75 Million Facility Brings Stainless Steel Railcar Production Back to the U.S., Creates Over 250 Jobs, and Reinforces Hornell as the Nation’s Rail Manufacturing Hub.
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To commemorate the occasion, the company hosted a special event at its York, Pa., facility, honoring its rich history and the employees who have played a central role in its success.
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A 35-year agency veteran, he has been serving as interim GM since November 2024 and now assumes the permanent role at a time of significant financial and operational challenges for the region’s transit system.
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Once complete, the high-floor LRT extension will connect residents in southern Edmonton with key destinations and transit hubs across the network.
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