MENU
SEARCHMark IV took this action to reduce its debt, as a result of the downward pressure occurring in the automotive sector, which represents 86 percent of the company revenue.
Mark IV, the parent company of Luminator, announced that it has filed voluntary petitions for restructuring of their balance sheet.
The company took this action to reduce its debt, as a result of the downward pressure occurring in the automotive sector of Mark IV, which represents 86 percent of the company revenue. This action will improve its capital structure and further strengthen its competitive position.
Mark IV has reached agreement, in principle, with a steering committee of its senior lenders on a plan of reorganization and new capital structure for the reorganized company. As a result, the company expects to achieve plan confirmation and successfully complete the reorganization expeditiously.
Chief Executive Officer Avi Zisman has stated that “our business is strong and we continue to see growth in our primary markets.” Luminator will continue its daily operations without disruption to customers.
The region’s fixed-route system finished out the year with a total of 373.5 million rides. Adding 12.3 million rides over 2024 represents an increase that is equal to the annual transit ridership of Kansas City.
Read More →
Rolling out in electric yellow and seafoam blue, the first battery-electric buses purchased from GILLIG will begin serving riders in south King County on February 2.
Read More →
The agency ranked top five among mid-sized U.S. transit systems, defined as agencies with 15 million to 50 million annual trips.
Read More →
The subway system saw increases across all key metrics, with 62% of subway riders reporting they feel satisfied with the system overall.
Read More →
The agreement provides competitive wages and reflects strong labor-management collaboration, positive working relationships, and a shared commitment to building a world-class transit system for the community, said RTA CEO Lona Edwards Hankins.
Read More →
A new citywide campaign highlights free fares, improved service, and major upgrades to Albuquerque’s bus system.
Read More →
The priorities are outlined in the 2026 Board and CEO Initiatives and Action Plan, which serves as a roadmap to guide the agency’s work throughout the year and ensure continued progress and accountability on voter-approved transportation investments and essential mobility services.
Read More →
In this edition, we cover recent appointments and announcements at HDR, MCTS, and more, showcasing the individuals helping to shape the future of transportation.
Read More →
While their comprehensive analysis of bus stops focused on Massachusetts, the researchers are excited about the generalizability of the findings and application to other locations.
Read More →
CEO Nat Ford’s address offered a look at highlights from 2025, with a focus on the future and the innovative ways the JTA is shaping mobility in Northeast Florida.
Read More →
