Latest Business News
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Archer Partners with Palantir for AI Based Aviation Solutions
Archer Aviation has announced a new partnership with Palantir Technologies Inc. to begin development on AI based aviation technologies.
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UK: DfT Extends EV Grant for Businesses
The DfT has announced a year-long extension to its Plug-in van grant in order to aid businesses in their transition to electric alternatives…
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Nikola Files for Bankruptcy Under Chapter 11
Nikola has announced that it has filed voluntary petitions under Chapter 11 of the Bankruptcy Code.
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US: AECOM Awarded $27 Million Contract by Caltrans
AECOM has been awarded a 27 million USD environmental generalist services contract by the California Department of Transportation District 4…
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Department of Transportation Rescinds Support for NYC Congestion Plan
The US DOT's Federal Highway Administration (FHA) has rescinded support for the MTA's New York City congestion pricing plan.
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Waymo Publishes New Report on Drivership Concept
Waymo has presented a report on a new concept that evaluates driving quality through exhibited driving behaviour & societal expectations.
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UK: £200 Million in Transport Funding Pledged for East Midlands
The Department for Transport (DfT) has pledged nearly 200 million GBP for the improvement of public transport in the East Midlands.
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Oxa to Provide Autonomous Vehicle Platform for Sunderland Bus Project
The SAMS initiative has announced a partnership with Oxa to bring its autonomous vehicle platform to the city's self-driving project.
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Volocopter Files for Insolvency
Volocopter has filed an application for the opening of insolvency proceedings at the Karlsruhe Local Court in Baden-Württemberg, Germany.
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US: DOT Announces $130 Million for Latest Round of SMART Programme
The US Department of Transportation has awarded more than 130 million USD in grants in the latest round of its SMART grants programme.
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UK: National Audit Office Publishes Review on Chargepoint Rollout
The National Audit Office has published a new review concerning the ongoing rollout of electric vehicle chargepoints across the UK.
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UK: Louise Haigh Resigns as Transport Secretary
Louise Haigh, UK Transport Secretary, has announced her resignation from the post following concerns about a past fraud offence.
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UK Projects to Improve Rural Transport
The UK government has awarded 1.2 million GBP to eight projects aimed at improving transport in rural communities.
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Brightline Assigned IATA Designator Code 'BE'
Brightline has announced it has been assigned the designator code 'BE' by the International Air Transport Association (IATA).
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Siemens to Separate Electric Vehicle Charging Division
Siemens has announced it will be separating its electric vehicle charging division from the main company body in order to enable further gro…
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New Transport Secretary Looks to Overhaul UK Transport
Louise Haigh has been appointed the UK's new Transport Secretary, promising to "deliver the biggest overhaul to transport in a generation."
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Bayanat Partners with Oxa for Autonomous Vehicle Solutions for UAE
Bayanat has formed a strategic partnership with Oxa in order to develop and deploy new autonomous vehicle solutions in the UAE.
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New Battery Cell Facility Commissioned in Münster
The Fraunhofer-Gesellschaft has commissioned a new factory dedicated to the research of battery cells in Münster, Germany.
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UK: Government Announces £1.3 Million TRIG Competition
The government has launched a 1.3 million GBP competition to encourage new transport projects in the latest round of the UK's TRIG programme…
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US Invests in Making Transport Infrastructure More Climate Resilient
The Biden-Harris Administration has awarded 830 million USD to make the nation's transport infrastructure more resilient to climate change.
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Voi Closes in on EBITDA Profitability, Cuts 12% of Workforce
Swedish micromobility operator, Voi, has reported a record year in 2023, with the company making steady growth toward its target of EBITDA p…
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US Funding to Help Transit Agencies Recover from Natural Disasters
The US DOT has announced almost 110 million USD in funding to help public transport providers recover from natural disasters.
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TIER and Dott to Form Europe's Largest Micro-Mobility Operator
TIER & Dott have announced they will merge to form Europe's largest micro-mobility operator.
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Micromobility Company Bird Files for Chapter 11 Bankruptcy
Micromobilty company, Bird Global, Inc. has initiated a financial restructuring process and has filed for Chapter 11 bankruptcy.