Hanjin Shipping Co. will liquidate its assets following a final court ruling declaring the company bankrupt after overcapacity, a falling global economy, low freight rates and rising debt affected the company's profits. A Seoul court filed the ruling and a court-appointed caretaker will sell any remaining assets to pay creditors.
Dubai's transportation agency will purchase 200 Tesla sedans and SUVs to use as taxis. The move is part of a government push to have self-driving vehicles make at least a quarter of all automobile trips by 2030.
The Commonwealth Transportation Board has approved a plan to extend high-occupancy toll lanes on Interstate 95 near Washington, D.C., and convert high-occupancy lanes on Interstate 395 to toll lanes. The first part of the I-95 project, covering 2.2 miles, is expected to be completed in 2018, and the second part, covering 10 miles, should be finished in 2021.
For years, visitors have enjoyed one of San Francisco's greatest tourist attractions for free by driving down curvy Lombard Street. Now the city is considering charging a fee and requiring a reservation for the opportunity because it says the street can no longer handle its 2 million annual visitors.
The Brent Spence Bridge between Ohio and Kentucky is more than 50 years old and badly needs to be replaced, and the project is a top priority of the Trump administration's infrastructure plan, writes Kentucky state Rep. Adam Koenig. Koenig supports a plan to create a public-private partnership that would fund half of the $2.5 billion project, writing that it would be a "boon to the taxpayers whose dollars are normally spent without concern."
A new website created by the Washington, D.C., District Department of Transportation allows the public to monitor the performance of multimodal transportation alternatives in the nation's capital. The District Mobility website identifies areas with high traffic congestion and highlights recommendations for future projects to improve mobility.
The Indiana Finance Authority has decided to extend until April 30 a rebate that is offered to drivers who use E-ZPass transponders for toll collection on the Indiana Toll Road. The authority has been drawing on an account with about $11 million remaining in it to provide the rebates.
State-owned PT Waskita Toll Road has funded the first phases of nine planned toll road sections that are estimated to cost $525 million, says the head of the National Development Planning Board in Indonesia. The effort is part of the country's plan to increase funding for infrastructure with non-government revenue.
The Indiana House has approved a transportation funding plan that allows tolling on highways in the state; the plan also increases the gas tax and registration fees. The bill passed 61-36, but no Democrats voted in favor of it.
Port Authority of New York and New Jersey commissioners approved a $32.2 billion capital improvement plan Thursday. The 10-year plan includes the construction of a new $3.5 billion bus terminal in Manhattan, as well as $2.7 billion to fund the early phase of the Gateway rail project.
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