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Charlotte community mourns Ukrainian artist killed on light rail transit

NEWYou can now listen to Fox News articles! CHARLOTTE – She fled the war in Ukraine hoping to build a new life in the United States. Instead, 23-year-old Iryna Zarutska was stabbed to death in an unprovoked attack while riding a Charlotte light rail train home from work. For her neighbors, the tragedy is made … Read more

Hitachi Rail Group CEO Giuseppe Marino is trying to build high-speed rail in the U.S. 

​​Good morning. Many CEOs are stepping up to visibly invest in the U.S. right now. Tech leaders were eager to pledge investments at President Trump’s White House dinner last week and I’ve met with a number of global CEOs announcing new commitments to create U.S. jobs. Of course, it’s more interesting to see actual projects … Read more

Trump tightens his grip on D.C. by seizing its rail hub, stripping Amtrak of control

WASHINGTON (AP) — President Donald Trump’s administration is taking management of Union Station away from Amtrak in the latest example of the federal government exerting its power over the nation’s capital. Transportation Secretary Sean Duffy announced the takeover Wednesday alongside Amtrak President Roger Harris at Washington’s main transportation hub during the launch of an updated version of the rail service’s Acela train. The … Read more

Ripple to acquire Rail for $200M to strengthen global stablecoin infrastructure

Key Takeaways Ripple is acquiring Rail for $200M to strengthen its stablecoin payments platform. The acquisition will enhance RLUSD’s utility and Ripple’s position in the stablecoin market. Share this article Ripple, the established blockchain company behind the XRP Ledger (XRPL), is set to acquire stablecoin payments platform Rail in a deal valued at $200 million, … Read more

A new crisis looms over Britain’s troubled rail system: UK Exchange newsletter

This report is from this week’s CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and other key developments you won’t want to miss. Like what you see? You can subscribe here. The dispatch Some 31 years after they were privatized, the U.K.’s railways … Read more

Britain’s HS1 rail link was ‘poor value for money’, report finds

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sixteen years after Britain’s first high-speed rail service was launched, an official government review into the economic impact of HS1 on the south-east has concluded the £7.3bn scheme provided “poor value for money”. The report, … Read more

Singapore’s ComfortDelGro will bid for Melbourne’s rail line as it takes its public transport model global

ComfortDelGro, which operates Singapore’s Northeast and Downtown lines, is partnering with East Japan Railway Company (JR East) and UGL to form the Melbourne One Rail Consortium to bid for the Melbourne Metropolitan train network sometime next year, when regulators open the tender. “The bidding team marries world-class Japanese and Singaporean customer service and efficiencies with … Read more

Parallel Systems is building autonomous electric rail for short-distance freight

The business of moving goods in the United States is dominated by trucks, which handle about two-thirds of the 20.2 billion tons of freight that’s transported annually. Parallel Systems founder and CEO, Matt Soule, wants to change that by putting a modern autonomous and electric twist on the centuries-old railroad system.  The Los Angeles-based company … Read more

DOGE is flirting with the ‘third rail’ of American politics — errors could delay or disrupt benefits, a former top Social Security official says

Historically, toying with Social Security benefits has been long seen as a political “third rail,” meaning whoever touches it will get zapped. The White House said in a press release it won’t cut Social Security, Medicare, or Medicaid benefits, but that doesn’t rule out the chances of a mistake.  Amid the Department of Government Efficiency’s … Read more

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