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FirstGroup chief yields to major investor backlash against US deal

FirstGroup is the UKs largest bus operator, with a fleet of nearly 9,000 vehicles providing more than 20% of all local services. Photo: Jamie Simpson By Kristy Dorsey Matthew Gregory is surrendering the helm at FirstGroup after the transport giant’s largest shareholder renewed calls for the chief executive’s resignation. In an announcement alongside the release of its financial results for the year to the end of March, FirstGroup said Mr Gregory will not seek re-election at the compan...
United Kingdom City Of Warwick Brady Julia Steyn David Martin Aberdeen Based Firstgroup

FirstGroup in £135m sweetener to woo disgruntled shareholders

The First Student school bus division is the largest provider of student transportation in North America By Kristy Dorsey FirstGroup has promised an extra £135 million pay-out to shareholders after completing the unpopular sale of two US businesses to private equity firm EQT Infrastructure. The company is now proposing the return of £500m to investors this autumn, equivalent to approximately 41p per share and up from the previous figure of £365m. The company said the additional pay-out...
United States United Kingdom Matthew Gregory David Martin Great Western Railway Transpennine Express

New Driverless Vehicles Make Their Way to Downtown Rochester

New driverless vehicles make their way to downtown Rochester A new shuttle program will use two driverless electric vehicles for the next year in downtown Rochester. Posted: Jul 12, 2021 7:09 PM Updated: Jul 12, 2021 9:51 PM Posted By: Alek LaShomb A new electric driverless vehicle program arrived in downtown Rochester today. The program was in collaboration with the city of Rochester, Destination Medical Center, Mayo Clinic, First Transit, EasyMile and the Minnesota Department of Transporta...
United States Minnesota Department Of Transportation Destination Medical Center Mayo Clinic First Transit Minnesota Department
Source: kimt.com

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Automated shuttles take to downtown Rochester for route mapping

The little vehicles are prepping for MnDOTs yearlong Med City Mover pilot project. 9:07 pm, Jul. 12, 2021 × A Med City Mover shuttle bus, which will be used as an automated vehicle in a year-long pilot project, is driven slowly along West Center Street through downtown Rochester while mapping the route Monday, July 12, 2021. The project is a partnership between the Minnesota Department of Transportation, the city of Rochester, Destination Medical Center, Mayo Clinic, First Transit an...
United States City Of Rochester Anne Meyer Minnesota Department Of Transportation Destination Medical Center Minnesota Department

Driverless shuttles coming to Rochester for pilot project.

Photo: Minnesota Department of Transportation. KAAL-TV Created: July 12, 2021 10:12 PM (ABC 6 News) - Two low-speed, driverless shuttles will soon be hitting the streets of downtown Rochester. The Med City Mover is the first driverless shuttle project to travel the streets in Minnesota. The shuttles will be part of a year-long pilot project to gather data and information on the use of automated vehicles. According to MnDOT, the vehicles will begin mapping and prog...
Destination Medical Center Med City Mover Mayo Clinic First Transit இலக்கு மருத்துவ மையம் மயோ சிகிச்சையகம்
Source: kaaltv.com

As Big Banks Report, $40 Billion Are on Tap in U.S. Credit

Article content (Bloomberg) — The biggest U.S. banks that borrowed heavily at the end of last quarter are reporting earnings next week and may access the investment-grade market for new capital. Meanwhile, Asurion LLC is expected to wrap up one of the largest dividend-linked debt deals in the leveraged loan market. Wall Street syndicate desks are projecting as much as $40 billion in high-grade bond sales in the next five trading days, more than double the $16 billion sold week. The big six do...
United States Eric Beinstein Jerome Powell Tom Joyce Caleb Mutua Financial Group Inc

Beaumont Transit Workers Authorize Strike

By Harold Mann Jun 14, 2021 Beaumont, TX – After Transit Management of Beaumont/First Transit walked away from the negotiations table Beaumont Transit workers represented by Amalgamated Transit Union (ATU) Local 1031 unanimously voted to reject the employer’s “final offer” and authorized union leadership to call a strike if necessary. Local 1031, representing employees, including bus operators, mechanics, and cleaners says prior to the vote Transit Management of Beaumont/First Trans...
United States Kyle Hayes Marlon Jackson Transit Union Beaumont City Council After Transit Management
Source: iheart.com

Case activity for Trustees of Teamsters Union Local No. 115 Health & Welfare Fund vs First Transit Inc. on May 28

The U.S. District Court for the Eastern District of Pennsylvania reported the following activities in the suit brought by Trustees of Teamsters Union Local No. 115 Health & Welfare Fund and Trustees of Teamsters Union Local No. 115 Legal Fund against First Transit Inc. on May 28.
United States Teamsters Union Local No Health Welfare Fund Us District Court First Transit Inc Legal Fund

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