Industry News
Transportation
Top stories summarized by our editors
4/9/2021

Lotus and Toyota are experimenting with using wind energy to power cars. The Lotus Nemesis has a powertrain that can use electricity generated by wind turbines, while the Toyota Mirai has a hydrogen fuel cell that can be powered with wind.

Full Story:
The Next Web
4/9/2021

Amazon is planning to move its annual Prime Day shopping event to June after holding it in October last year because of the pandemic, according to sources, though a company spokesperson declined to comment on the date. Prime Day had been held in July since its beginning in 2015.

Full Story:
Recode
4/9/2021

A coalition including former secretaries of transportation and the Competitive Enterprise Institute penned a letter to Congress this week advocating a "users-pay/users-benefit" model of transportation infrastructure funding. "Further increasing the reliance of the Highway Trust Fund on revenue streams untethered from use, as well as general fund bailouts, would not only fail to address the core fiscal challenges of the present, it would threaten the future health of America's highways," the coalition wrote.

Full Story:
Transportation Today
4/9/2021

A 15-mile stretch of new express lanes on Interstate 15 between Corona and Eastvale, Calif., will open to the public tomorrow. The lanes require motorists to have a FasTrak transponder installed, and discounts will be available for vehicles with three or more people, motorcyclists and zero-emission vehicles.

4/9/2021

Toll collectors on San Francisco Bay Area bridges will not be returning, and a new electronic toll collection system will be implemented, according to the Bay Area Toll Authority. FasTrak already accounts for almost 75% of bridge toll payments, and those without Fastrak or a license plate account will be invoiced monthly.

4/9/2021

Fitch Ratings has awarded Chesapeake Transportation System a BBB+ rating for their senior toll revenue bonds series 2012A and 2012B. The bonds are valued at approximately $167.5 million.

Full Story:
Fitch Ratings
4/9/2021

Minneapolis residents can now pay for public transit and parking using a contactless payment system that accepts Google Pay and Apple Pay as well as contactless debit and credit cards. The Flowbird terminals are solar powered and connect to a platform that collects and analyzes data on urban mobility.

4/9/2021

Gap plans to introduce a system this year that is related to its Bright loyalty program and sorts customers into three delivery tiers based on their spending. Online sales for the company increased 54% in 2020 and accounted for 45% of all purchases.

4/9/2021

California's 2nd District Court of Appeal Division 2 is now the second state court to rule that the Federal Aviation Administration Authorization Act does not preclude California from including trucking under Assembly Bill 5. The case involves East Coast Transport truck drivers who said they should have been classified as employees, rather than independent contractors.

4/9/2021

Supply chain executives should keep a close eye on five key trends this year, including the rise in shorter supply chains, specialized and smaller suppliers' bankruptcies and cyberattacks on logistics and production, according to an Everstream Analytics report. The Annual Risk Report 2021 also mentions continued air cargo constraints and growth in multimodal solutions.