The city of Laredo, Texas, has contracted with Nashville-based Transcore to upgrade the toll collection systems on the four bridge crossings to Mexico, which handle 6.7 million and 3 million pedestrians annually. Transcore officials, who have worked with Laredo's leaders since the late 1990s, say the three-year project will, among other things, include weighing technologies, payment stations and back-end upgrades.
Downtown-based TransCore has been asked to help New York City officials develop a system linking real-time traffic information to in-car devices. The Connected Vehicle Program intends to loop in 10,000 vehicles.
The Connected Vehicle project is the latest initiative to bring innovative transportation technologies to New York City. Its TransSuite traffic control system is the largest of its kind in the world, managing over 12,000 intersections. The award-winning Midtown-in-Motion project has modernized the city’s traffic management capabilities with the deployment of adaptive traffic signal control technologies that have improved travel times in Manhattan by 10 percent. TransCore is also working with the City on expanding the deployment of a new Transit Signal Priority pilot program that helps keep city buses on schedule.
The Central Florida Expressway Authority has awarded an $85 million contract to revamp its toll collection system to Nashville-based TransCore. The contract calls for the upgrading of more than 300 toll lanes TransCore installed a decade and a half ago and is scheduled to be completed by 2018.
“More than 200 of our employees live and work in Central Florida, so we understand and appreciate the benefits this project will bring to the region. We fully support the Central Florida Expressway Authority’s goals to provide a system that can easily adapt to the growing needs of one of the country’s most popular destinations,” said Jim Wilson, senior vice president and project principal.
TransCore is owned by Florida-based holding company Roper Technologies (Ticker: ROP), which has a market value of $17.54 billion. It is part of Roper's RF Technology segment, which last year posted an operating profit of $271 million on revenues of $950 million.
Middle Tennessee leaders need to get to work on expanding transit options for the region's suburbanites, according to a new report from the Regional Transportation Authority of Middle Tennessee. Says RTA CEO Steve Bland: "If you believe we’re going to grow by a million people, tweaks — small improvements, short-term improvements — aren’t going to be anywhere near enough to maintain the quality of life that we’re used to here."
SEE ALSO: Tracking our transit future from our new Boom magazine
From the Inbox:
Days after Senate Transportation Committee Chairman Jim Tracy says there's not enough time to come up with a comprehensive gas tax plan, he's going on tour to nine places across the state to gather input about how to address transportation funding. His stops over the next two months include Nashville, Columbia, Memphis, Huntingdon, Martin, Jackson, Knoxville, Chattanooga and Kingsport.
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