Industry News
Transportation
Top stories summarized by our editors
1/15/2021

Proposed legislation in Texas would set annual fees for hybrid and electric vehicles to offset the decline in gas taxes brought on by more efficient vehicles. The fees would go into the state transportation budget and could fund infrastructure improvements and transit programs.

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Texas
1/15/2021

Over 85% of all industrial real estate leasing activity in 2020 was in the logistics sector, and total leases for the year set a record of 659 million square feet, according to Cushman & Wakefield. The real estate services company said tight space availability led to rising rents, with an average rent increase of 5.6% for warehouse and distribution properties.

1/15/2021

A number of improvements are planned for a toll road connecting San Jose, Costa Rica, with nearby Cartago. Costs of the upgrade are estimated at $500 million, with a completion time frame of 12 to 24 months.

1/15/2021

Toll discounts meant to benefit frequent users of Portugal's A22 toll road began on Jan. 11. Rates were reduced between 25% and 55%, with discounts based on the time of day and type of vehicle used.

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The Portugal News
1/15/2021

The Gateway Expressway project in Florida is moving forward this weekend with the temporary closure of the Howard Frankland Bridge. The closure is part of a Pinellas County infrastructure project that will result in two new connecting toll roads.

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WTVT-TV (Tampa, Fla.)
1/15/2021

Moody's has designated an AA3 rating for the Triborough Bridge & Tunnel Authority's remarketing of general revenue variable rate refunding bonds. The bonds are valued at approximately $105 million.

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Yahoo
1/15/2021

Wyoming state legislators are considering a bill that combine a fuel tax increase and new road use fees. Revenues from the plan could reach more than $136 million per year and would be used for road repairs and maintenance.

1/15/2021

Self-driving carmakers will be allowed to skirt certain requirements when it comes to making cars, such as including pedals or steering wheels, said the National Highway Traffic Safety Administration. According to the NHTSA, the rules are meant to improve vehicle safety and promote innovation.

1/15/2021

An unmanned vessel recently participated in a naval exercise and traveled, mostly autonomously, for more than 4,700 nautical miles. Control of the Ghost Fleet Overlord surface vessel was done remotely, though an onboard crew maneuvered the ship through the Panama Canal.

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Department of Defense
1/15/2021

Supply chain executives should stay close to customers while focusing on innovation, agility and new business models to gain a competitive edge, according to a new Gartner report. "Established organizations are now planning to operate much like a [startup] when it comes to innovation," said Gartner's Pierfrancesco Manenti.

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Pierfrancesco Manenti