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Metro passes $4.8B budget for FY25
Metro’s board of directors on Thursday passed a $4.8 billion capital and operations budget for fiscal year 2025, which avoids massive service cuts, although fares will increase by 12.5% beginning July 1. The Washington Metropolitan Area Transit Authority, which oversees the Metrorail and Metrobus public transportation syst[...]
Fed’s Fifth District economy grows slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released April 17. Published eight times per year, the Beige Boo[...]
HRBT expansion’s first tunnel boring is complete
Mary, the tunnel boring machine that has been paving the way for the expanded Hampton Roads Bridge-Tunnel, hit a milestone Wednesday when she finished the first of twin tunnels that are part of the bridge-tunnel’s expansion. Launched from the HRBT’s South Island a year ago, the $70 million custom-built tunnel boring[...]
Baltimore bridge collapse will drive ships to Port of Va.
After a container ship struck the Francis Scott Key Bridge in Baltimore early Tuesday, causing the bridge to collapse and possibly claiming multiple lives, ships bound for the Port of Baltimore will be diverted to other ports, primarily the Port of Virginia and the Port of New York and New Jersey. The Virginia Port Authority, [&[...]
Food storage company to invest $77.5M in Suffolk facility
New Jersey-based cold and dry storage services provider FreezPak Logistics will invest $77.5 million to build a Suffolk facility, a project expected to create 80 jobs, Gov. Glenn Youngkin announced Thursday. FreezPak will build a 245,000-square-foot cold storage facility in Suffolk to serve the mid-Atlantic region. The 80 new jobs will be in warehouse operations […]
Buc-ee’s eyes Stafford for third Va. location
The most recognized — perhaps only — hat-wearing beaver in the travel center industry is eyeing a third location in Virginia, this time in Stafford County. Texas-based travel center chain Buc-ee’s has submitted a conditional use permit application to Stafford County for a 74,000-square-foot travel center with 120 fueli[...]
A sampling of Virginia’s major road projects
HAMPTON ROADS Hampton Roads Bridge-Tunnel Expansion Project Work continues on Virginia’s largest high- way construction project, the $3.9 billion Hampton Roads Bridge-Tunnel (HRBT) expansion. The project will widen the four-lane segments of the 9.9-mile Interstate 64 corridor between Norfolk and Hampton to six lanes on lan[...]
Lawmakers signal more support for electric vehicles, charging network
RICHMOND, Va. — Lawmakers advanced legislation to expand electric vehicle infrastructure throughout the state, which could help meet a looming mandate that sales of new gas-powered vehicles be phased out by 2035. More infrastructure, such as electric chargers, is needed to meet the deadline and growing EV demand. Del. Richard [...]
Electra aircraft backlog hits $8B
Manassas-based aviation startup Electra.aero has surpassed 2,000 orders for the electric short takeoff and landing (eSTOL) aircraft it’s developing, totaling an $8 billion backlog, the company announced Tuesday. Electra signed a letter of intent in December 2023 to deliver its blown-lift, fixed-wing eSTOL aircraft to Finni[...]
FAA probes Boeing’s possible role in 737 Max 9 cabin blowout
Nearly a week after a four-foot wall panel blew out of a Boeing plane cabin midair, exposing Alaska Airlines passengers to open air at 16,000 feet, the Federal Aviation Administration formally notified the Arlington County-based aerospace giant Wednesday that it will investigate the company’s potential role in the incident[...]
Trucking company plans $50M facility in Botetourt
Warren, Michigan-based Universal Logistics Holdings is planning a $50 million investment to expand into Botetourt County, a project that is expected to create 45 jobs, the trucking and logistics company announced Wednesday. The expansion will bolster the company’s heavy truck capabilities in servicing truck assembly operat[...]
New Transurban North Am. prez comes from public sector
Beau Memory, Transurban’s new North America president, joined the Australian transportation company that operates express toll lanes in Northern Virginia in November with more than 20 years of public-sector transportation experience. In an interview last week with Virginia Business, the Tysons-based Memory says he’s [...]
