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Metrolink received about $148 million from the South Coast AQMD to purchase new railcars, while Metra tapped Stadler for zero-emission, battery-powered trainsets.
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With this contract award and the other successes in the US, Germany, Italy, Austria, and Lithuania, Stadler once again confirms its position in alternative and ecological drive systems with batteries and hydrogen as over 150 trains with battery or hydrogen drives have been sold to date.
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FTA's bus funding represents the third bus grant package since President Biden signed BIL, which has invested more than $3.3 billion in American transit buses and the infrastructure that supports them.
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Cordes & Company, in its capacity as receiver of Lightning eMotors, entered into an Asset Purchase Agreement to sell substantially all of the assets of the company for $12.6 million in cash, subject to adjustment.
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The acquisition, which was made at a purchase price of $210 million before adjustment for inventory level at closing and was first announced in November, includes a development center for battery modules and packs in California and an assembly factory in Greer, S.C.
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Business is expected to be substantially completed by the end of fiscal year 2024, once existing customer orders are completed and delivered, according to the company.
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DOT previously approved a private activity bond allocation of $1 billion for Brightline West in 2020, bringing the total allocation for this project to $3.5 billion.
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METRO's Innovative Motorcoach Operator of the Year focuses on technology and empowering people to drive its vision at six separate and environmentally diverse operations.
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The acquisition will add heavy-duty transit buses to Phoenix's existing product line of medium-duty shuttle and school buses.
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Compared to regular transit service planning, services for special events pose a unique set of challenges to cities of smaller sizes, as well as service providers because they’re non-recurring events without a predictable transit demand.
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