Sign In
Free Newsletter
Coalfield Expressway could have $12.8B impact, study says
The cumulative economic impact of the Coalfields Expressway (CFX) during a 50-year span is estimated to be $12.8 billion in 2021 dollars, according to a study by Richmond-based Chmura Economics & Analytics presented Tuesday. The CFX is a proposed limited-access highway that would run through Southwest Virginia and southern West Virginia. It is designated as […]
Diversity Leadership Series: Dr. Xiong Chang and Joseph Toe
Brought to you by Virginia Business and Bank of America, join us every other month for the Diversity Leadership Series — virtual fireside chats with a diverse group of Virginia business leaders sharing their insights and thoughts on leadership, their career paths, and diversity and equity. Our December 2021 discussion features Dr. Xiong Chang, […]
Metro to keep reduced service levels through end of year
Metro customers will see reduced rail service through the end of the year, the Washington Metropolitan Area Transit Authority announced Monday. The transit system authority attributed the disruption to its 7000-series fleet, the newest rail cars, still being out of service. These trains make up much of Metro’s fleet but have been sidelined since October. […]
Va. expands Elizabeth River Tunnels toll relief program
The commonwealth of Virginia and Elizabeth River Crossings OpCo LLC have partnered to expand the Toll Relief Program, Gov. Ralph Northam announced Monday. Elizabeth River Crossings, partly owned by Spanish company Abertis Infraestructuras S.A, owns Elizabeth River Tunnels, and the program, which was established in 2016, will reduce Downtown and Midtown Tunnel tolls for those […]
Virginia Tech Transportation Institute taps new executive director
Zachary Doerzaph will become the next executive director of the Virginia Tech Transportation Institute, the university’s largest research institute, effective Oct. 1. “Zac Doerzaph is a nationally recognized transportation researcher with extensive leadership experience in large team projects from different sponsors,” Virginia Tech Vice president for Research and Innovation Dan Sui said [...]
Roanoke plant still empty after FreightCar America exit
More than two years after FreightCar America left town, eliminating about 200 assembly jobs, the buildings once occupied by the railcar manufacturer in downtown Roanoke remain empty. Chicago-based FreightCar America opened its Roanoke plant in 2005, leasing space at the East End Shops, a locomotive workshop and maintenance complex of about 900,000 square feet of […]
Manifest destiny
Taking on a new job during a pandemic could spell rough waters, particularly if the job relies on global commerce. But the past eight months largely have been smooth sailing for Stephen Edwards, the new CEO and executive director of the Virginia Port Authority, which oversees the Port of Virginia. Edwards came onboard in January, […]
Transportation
ED ALDRIDGE PRESIDENT, CMA CGM AMERICA LLP AND APL NORTH AMERICA, NORFOLK Aldridge took over as president of CMA CGM America in June 2020, and he has served as president of CMA CGM subsidiary North America, the nation’s oldest ocean carrier, since 2017. In February, the French company announced the $36 million expansion of its […]
Metro unveils major Falls Church redevelopment agreement
The Washington Metropolitan Area Transit Authority has signed an agreement to redevelop the West Falls Church Metro Station site as a more than 1 million-square-foot mixed-use development. Construction is expected to begin in 2023. The agreement was reached with FGCP-Metro LLC, a joint real estate development partnership involving Bethesda, Maryland-based EYA LLC, Washington, D.C.-based Hoffman [&[...]
Silver Line will miss Labor Day target
Problems plugging Silver Line Phase 2 into the rest of the Washington transit system are delaying the project’s transfer from the Metropolitan Washington Airports Authority to the Washington Metropolitan Area Transit Authority (WMATA). The transfer’s target date was Labor Day, but it’s not clear how long the transfer will be delayed, according to Marcia McAllister, […]
Fed says Fifth District economy growing moderately
[wpdiscuz-feedback id=”z7qx6rb9ba” question=”Why?” opened=”0″]Amid the post-pandemic recovery[/wpdiscuz-feedback], the Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been seeing moderate economic growth in recent weeks, according to the latest edition of the Federal Reserve’s Beig[...]
Reston’s Trucker Tools acquired by Calif. tech firm
Reston-based Trucker Tools, a software company that provides a digital freight management platform for the transportation industry, has been acquired by Walnut Creek, California-based software company ASG. Financial details of the transaction were not disclosed. Founded in 2013, Trucker Tools offers a software suite with capacity management, predictive freight matching, automated booking, real-tim[...]
