Category: News

Sunshine State Now Autonomous Car State Too

The future of Florida’s highways seems to be hands-free after Gov. Ron DeSantis signed the Autonomous Vehicles bill that took effect July 1. It removes what the state calls “unnecessary obstacles that hinder the development of autonomous vehicle technology and solidifies Florida’s position as a leading state for transportation innovation.”

Musk Seeking Tesla Deliveries Record Could Be a Double-Edged Sword

Analysts’ fear is that even if Tesla does show marked improvement in deliveries this quarter, Musk will achieve this at the expense of profitability. And with a shrinking U.S. tax credit posing a threat to demand in the second half of the year, Tesla’s efforts to hand over more Model 3s overseas could further compromise earnings because of relatively higher shipping expenses.

FRA Awards Grant to Georgia Central Railway

Dublin, Ga., has earned $8 million in grants for improvements to its rail infrastructure. A $4 million grant from the Federal Railroad Association was given to the city through its Consolidated Rail Infrastructure and Safety Improvements Program, which…

Brookfield Buys Rail Operator Genesee for $8.4 Billion

An affiliate of Brookfield Asset Management Inc. agreed to buy railroad company Genesee & Wyoming Inc. for about $6.3 billion, expanding its global portfolio of rail companies with a 120-line network spanning North America, Europe and Australia.