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Maritime Administration Announces More Than $280 Million in Grants for Nation’s Ports

February 20, 2020 - in Financial, News

WASHINGTON – The U.S. Department of Transportation’s (USDOT) Maritime Administration (MARAD) today announced that it has awarded more than $280 million in discretionary grant funding through the new Port Infrastructure Development Program.  This funding…

U.S. Department of Transportation Announces $9.3 Million for Innovative Projects to Improve Rail Transit and Bus Operator Safety

February 17, 2020 - in Financial, News

WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced the availability of $9.3 million in research…

Siemens ups stake to 67.1% to spin-off SGRE into Siemens Energy for the scale to win in wind, says GlobalData

February 14, 2020 - in Corporate, Financial, News

Siemens has bought out Iberdrola’s 8.1% stake in Siemens Gamesa Renewable Energy (SGRE) for a total cost of €1.1bn ($1.2bn), potentially ending a…

Terracon Foundation Awards $67,450 in Community and University Grants

February 13, 2020 - in Financial, News

OLATHE, Kan. – The Terracon Foundation is pleased to announce the award of $67,450 in community and university grants and scholarships. The Terracon Foundation was established as the community investment arm of Terracon with a goal to reach out and become…

Xylem Reports Fourth Quarter and Full-year 2019 Earnings

February 7, 2020 - in Financial, News

Full-year 2019 reported net income of $401 million or $2.21 per share; adjusted full-year net income of $547 million or $3.02 per share Full-year free cash flow conversion was 124% Fourth quarter 2019 reported net income was $118 million or $0.65 per share;…

Public comment sought on applications for $22 million in Rural Transit Funds

February 6, 2020 - in Financial, News

Public comment is sought through March 4 to help determine which rural transit providers will gain access to $22.3 million in funding from the Idaho Transportation Department’s Public Transportation (ITD-PT) office. Requests for just over $23 million from…

Energy Department Offering $300M for Sustainable Transportation R&D

February 3, 2020 - in Financial, News

The U.S. Department of Energy (DOE) is splitting $300 million among three funding opportunity announcements or FOAs to spur sustainable transportation research and development activity. Announced during a speech by Under Secretary of Energy Mark Menezes (seen…

Grants for Buses and Bus Facilities FY2020 Notice of Funding

February 3, 2020 - in Financial, News

Notice of Funding Opportunity (NOFO): Solicitation of Project Proposals for the 5339(b) Grants for Buses and Bus Facilities Program. The Federal Transit Administration (FTA) announces the availability of approximately $454.6 million of Fiscal Year 2020 funds…

U.S. Department of Transportation Announces $130 Million Funding Opportunity for Technologically-Advanced Transit Buses

January 28, 2020 - in Financial, News

WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced the availability of up to $130 million in competitive grant funds through FTA’s Low or No Emission (Low-No) Bus Program. The Low-No Program helps…

MARAD Providing $19.6M in Small Shipyard Grants

January 28, 2020 - in Financial, News

The U.S. Maritime Administration issued a notice of funding opportunity on January 9 that made $19.6 million worth of federal funding available to support capital improvements and employee training at small U.S. shipyards. [Above photo by the U.S. Navy] Applications…