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Amtrak Receives $63 Million from FRA for Northeast Corridor Infrastructure Improvements

WIL BALDWIN May 29, 2020

State of Good Repair grant financing will help fund projects in New Jersey and Maryland The Federal Railroad Administration (FRA) has awarded two Northeast Corridor (NEC) grants to Amtrak as part of its $302.6 million…

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Wynn Las Vegas Announces June 4 Reopening Date

WIL BALDWIN May 28, 2020

Five-Star Resort Returns With Full Array of Luxury Amenities and Industry-Leading Health & Safety Plan LAS VEGAS, May 27, 2020 /PRNewswire/ -- Wynn Las Vegas (Nasdaq: WYNN) announced today a reopening date of Thursday, June 4, under phase two of…

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Congo Airways Converts Embraer E175 Order to E190-E2 Jets

WIL BALDWIN May 28, 2020

São José dos Campos, Brazil, May 26th, 2020 – Congo Airways have converted the firm order made in December 2019 for two E175 aircraft, with purchase rights for two more, into a firm order for…

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Next Step for New Generation Interislander Ferries

WIL BALDWIN May 28, 2020

KiwiRail is taking the next step to procure a new generation of Cook Strait ferries which will increase the capacity on this vital transport link, and increase its resilience. A Request for Proposal (RFP) to…

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Tesla Cuts Prices up to 6% in North America to Boost Demand

WIL BALDWIN May 27, 2020

A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York Tesla Inc <TSLA> has cut prices of its electric vehicles by as much as 6% in North America…

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Finnair Boosts Reliability of Regional Fleet with ATR Global Maintenance Agreement

WIL BALDWIN May 27, 2020

ATR and one of its long-standing customers, the Finnish airline Finnair, signed a 10-year Global Maintenance Agreement (GMA). Through this package, Finnair and Nordic Regional Airlines (NoRRA) – who operates Finnair’s regional ATR traffic –…

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Alstom’s Prima Electric Locomotive Begins Indian Railways Operation

WIL BALDWIN May 27, 2020

The first of the 12000-horsepower, Prima T8 electric locomotives has been put into commercial service by Indian Railways. Built by Alstom and certified by the Ministry of Railways and Commissioner of Railway Safety/RDSO, the electric…

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Amtrak Supplemental Funding Needed to Maintain Minimum Service Levels

WIL BALDWIN May 27, 2020

Amtrak submitted a letter to Congress outlining an additional $1.475 billion in supplemental funding needed in FY 2021. This additional funding is necessary for Amtrak to operate minimum service levels across the passenger rail network and continue capital investments for the future. The funds would also support Amtrak’s 17 state…

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Economic Stabilization Fund Approves Lufthansa Package

WIL BALDWIN May 27, 2020

Deutsche Lufthansa AG has been informed by the Economic Stabilization Fund (WSF) of the Federal Republic of Germany that the WSF has approved the stabilization package for the company. The Executive Board also supports the…

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Panasonic to Resume New York Tesla Production Wednesday

WIL BALDWIN May 20, 2020

Panasonic Corporation (OTC: PCRFY) is looking to restart production at Tesla Inc.'s (NASDAQ: TSLA) New York manufacturing plant on Wednesday, the Verge reported Tuesday. What Happened The Japanese electronics giant will spend the first two days performing equipment checks, and standard manufacturing…