Mobileye valued lower than planned in share sale
Intel’s Mobileye division has announced it is looking at a valuation of nearly $16 billion (£14.2 billion) in its initial public offering, less than a third of what it had previously expected. Reuters reports volatility in stock markets and rising interest rates “dampen the appetite” for new listings. The self-driving unit of Intel said in […]
Florida’s Fire Marshall calls for EV answers after flooding
Florida State Fire Marshall Jimmy Patronis has called for electric car companies to answer for electric vehicles that have burst into flames from the storm surge of Hurricane Ian. Orlando Weekly reports that the State Fire Marshall issued a letter to over 30 electric vehicle manufacturers, including Tesla, Rivian, Ford, GM and others, calling on […]
New Rugby service station voted Britain’s favourite
A new study of customer satisfaction at motorway service station across the country has found the new Moto-run facilities on the M6 at Rugby are travellers’ favourite. 100% of users told Transport Focus researchers they were satisfied with the services, just ahead of the satisfaction for Donnington Park on the M1. Hartshead Moor on the […]
Valerann gets framework approval for advanced traffic management platform
Traffic management software company Valerann has announced availability of its flagship platform, Lanternn by Valerann, on G-13 framework of the Crown Commercial Service for procurement by UK-based road traffic operators and government agencies. The UK Government G-Cloud is an initiative targeted at simplifying procurement of IT services by UK public-sector bodies and provides government agencies […]
Growing a business on both sides of the Atlantic, this week on Highways Voices
“One thing I think that has been key to our success is actually delivering tangible value to customers with the solution that we provide,” explains One Network founder James Harris on this week’s Highways Voices podcast as he discusses how his company has cornered the roadworks information and management market in the UK, and is […]
Road danger reduction charity CEO hails eCall’s lifesaving opportunities
The Chief Executive of RoadPeace, the UK national charity for road crash victims, is supporting a start-up company’s plans to maximise the use of data from the in-built vehicle safety system eCall. Speaking during the Project EDWARD (Every Day Without a Road Death) awareness week, Nick Simmons described the VESOS innovation as “vital” in making […]
Hydrologiq and Costain collaborate to trial hydrogen-powered generator on the Preston Western Distributor Road
Lancashire County Council’s delivery partner, Costain, and hydrogen industry start-up, Hydrologiq, have successfully trialled the use of a hydrogen-powered fuel cell generator at the Preston Western Distributor Road project’s M55 compound. The trial is the first for Lancashire County Council in line with its carbon reduction ambitions and demonstrated carbon savings from onsite operations of between […]
Balfour Beatty Living Places secures East Sussex highways and infrastructure contract
Balfour Beatty Living Places has been awarded a seven-year, £297 million contract by East Sussex County Council for the maintenance of highways assets and delivery of infrastructure services across the county. There is an option to extend the contract by a further seven years based on the successful delivery of the initial seven-year term, worth […]
AISIN and Gaist report early findings from their partnership
Following the launch of the joint offer between Gaist and Aisin, three local authority early adopters have already been confirmed and many others are actively exploring the possibilities for using RoadTrace™ insights to benefit their highways safety and maintenance provision. The companies say they thought it might be interesting to share some of the anonymised results of […]
Milestone Infrastructure wins award for sustainable road project
Milestone Infrastructure, a part of M Group Services’ Transport Division, is proud to have won its first award at this year’s Chartered Institution of Highways & Transportation (CIHT) East of England Awards. The Cambridgeshire contract’s Histon Road project won the Sustainable Transport Award for the region. The project also received a commendation at the CIHT […]