Industry News
Transportation
Top stories summarized by our editors
11/19/2021

The Maryland Transportation Authority Board has unanimously passed the proposed dynamic toll rate plan for sections of the Capital Beltway and Interstate 270. Rates will vary based on congestion and whether E-ZPass, pay-by-plate or video tolling is used.

11/19/2021

A privately funded toll bridge that would connect Louisiana's Bossier and Caddo parishes took a step forward on Wednesday when the Bossier Parish Police Jury voted in favor of contracting Tim James, Inc., to build, maintain and operate the bridge. Once all approvals are secured the project will enter the design phase with the goal of completing construction by 2026.

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Tim James, Inc.
11/19/2021

Kenya is preparing to introduce toll fees following the implementation of related guidelines and regulations. The Public Roads Toll Act will allow Kenya's Transport Cabinet secretary to designate any road or portion of a road as a toll road.

11/19/2021

Fitch Ratings has awarded Elizabeth River Crossings a BBB rating for their forward delivery senior lien revenue refunding bonds, which are valued at about $617 million. A BBB rating has also been assigned for ERC's 2012 senior lien revenue bonds and Transportation Infrastructure Finance and Innovation Act loan, which are valued at $626 million and $509 million, respectively.

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Fitch Ratings
11/19/2021

A new tax incentive program is being offered by Illinois to encourage electric-vehicle manufacturing in the state. Gov. J.B. Pritzker says the incentives aim to "attract more EV manufacturers, charging station manufacturers and automotive parts manufacturers, more than ever before, and it will help Illinois become one of the leading EV hubs in the entire nation."

11/19/2021

As electric vehicles become more popular around the world, there are efforts underway to improve the batteries meant for these vehicles. "The European research initiative the Graphene Flagship has been looking into how introducing graphene and layered materials that can improve batteries' performance, with some startling results," writes Patrik Johansson, who serves as the Graphene Flagship project's vice director.

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New Electronics
11/19/2021

General Motors plans to consolidate its semiconductor orders to three types through a partnership with seven suppliers, including Qualcomm. "We see the semiconductor requirements more than doubling over the next several years as the vehicles we produce become more of a technology platform," GM President Mark Reuss says.

11/19/2021

California has increased the allowable weight limits for trucks entering and leaving ports from 80,000 pounds to 88,000 pounds through June 30 to help alleviate container backlogs. "While that might not pose an immediate relief on the retail front, it will have a substantial benefit on industrial and manufacturing cargo and containers that will make their way into the ports of Long Beach and L.A.," Gov. Gavin Newsom said.

11/19/2021

Supply chain challenges have delayed delivery of 90 million of the 200 million products Victoria's Secret ordered to stock its shelves during the holidays, the retailer said. Port congestion spurred the lingerie retailer to shift much of its shipping to air freight, a method that used to take two days and now takes nine, CEO Martin Waters said.

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CNN
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CEO Martin Waters
11/19/2021

The pandemic, a shortage of labor, issues at ports, capacity limits and high consumer demand for goods are all causing "massive challenges" for European supply chains, according to a report by FourKites and Reuters Events. Over 60% of European supply chain companies say they've reacted slowly to these concerns, which vary by country.