Boxed, a New York-based startup that sells bulk packaged food and household products, is negotiating a possible acquisition by Kroger for $500 million, sources say. Boxed is expected to review bids from retailers that compete with Kroger.
A committee is finalizing plans to implement congestion pricing in New York City, and the proposal could be released soon. Other major cities, such as Singapore, Stockholm and London, use congestion pricing to control traffic in their central areas, but New York City would be the first in the US to use it.
The Central Florida Expressway Authority plans to start several capital projects this year. It has already approved two engineering contracts, and it plans to advertise a project to widen State Road 417 from Landstar Boulevard to Boggy Creek Road.
Members of the Regional Transportation Council met recently to discuss how best to convince the Texas Transportation Commission that tolls are essential for several large-scale infrastructure projects. Top political leaders in the state oppose tolls, and that has taken the LBJ East project off the priority list -- even though "by 2040, the region would see an 80 percent increase in travel time, a 44 percent decrease in average speeds and a $50 billion annual increase in the cost of congestion."
Waymo, formerly part of Google, started to test autonomous vehicles in San Francisco in 2009 but moved its testing program to Arizona. Now the company has returned to the streets of San Francisco, hoping to test the vehicles in a variety of conditions.
The Florida Turnpike plans to spend $159 million to widen the pike and soon will begin a $5 million reconstruction project of the Hypoluxo Road bridge as part of the project. The bridge is not being widened, but a support structure will be removed to allow for expansion.
Italy-based Atlantia is in negotiations to purchase India-based IRB Infrastructure's road asset portfolio, and the deal is expected to be valued at $2 billion. IRB operates 4,770 lane miles of toll roads in India.
Florida's Turnpike Enterprise is building dynamically priced managed toll lanes on State Road 528. Lanes that are currently free will remain so, and the new lanes will eventually connect with the massive I-4 Ultimate project.
Continental, Ericsson, NTT DoCoMo, Nissan, Oki Electric Industry and Qualcomm are partnering to conduct the first test of cellular vehicle-to-everything technology in Japan. The testing will include vehicle-to-network cellular communication as well as vehicle-to-infrastructure, vehicle-to-vehicle and vehicle-to-pedestrian communication.
Quanergy Systems and Cisco have partnered to produce internet of things technology that can enhance driver and pedestrian safety as well as ease traffic congestion. The partnership aims to combine Quanergy's lidar sensors and software with Cisco's Kinetic platform.