Latest Business News
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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.
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US DOT Announces $1.5 Billion in 2024 RAISE Funding
The US Department of Transportation (DOT) has made 1.5 billion USD in RAISE grant funding available for transportation projects.
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UK Government Invests £53 Million in SAF Industry
The UK government is investing 53 million GBP in the sustainable aviation fuel (SAF) industry through its Advanced Fuel Fund.
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Île-de-France Mobilités Partners with the Paris 2024 Olympic Games
Île-de-France Mobilités aims for 100% of spectators to be able to access the Paris 2024 Olympic and Paralympic Games using public transport.…
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World's First 100% SAF Transatlantic Flight to Take-Off in November
Virgin Atlantic and Rolls-Royce have announced that the world’s first 100% SAF transatlantic flight is set to take off on 28 November.
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Neuron Mobility Unveils New N4 E-scooter Model
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Multimodal Transport Network to Be Introduced in North Carolina
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Paris: Autonomous Electric Shuttles to Operate on the River Seine
The City of Paris and RiverCat France have announced that a river transport line using electric shuttles will open on the Seine in 2024.
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£7 Million to Improve UK Freight Industry
The UK government has announced 7 million GBP in funding to decarbonise and improve freight transportation through emerging technologies.
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US DOT Announces $1.5 Billion in 2023 RAISE Grant Funding
The US Department of Transportation has made 1.5 billion USD available in grant funding through the RAISE grant programme for 2023.
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UK Funding to Help Develop Future Transport Technologies
The UK government has launched a new round of funding to help develop technologies for an improved future transport network.
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$85 Million to Advance Clean Transportation in New York
Ten awards have been allocated as part of the New York Clean Transportation Prizes programme to enhance clean transportation in New York.
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Knorr-Bremse Invests in Chinese E-Motor Company Bobang
Braking systems manufacturer for rail and commercial vehicles Knorr-Bremse has acquired a minority stake in Chinese e-motor company Bobang.