TransCore Enhances Houston METRO's HOV/HOT Lanes with Advanced Automation
By GlobeNewswire Published on April 22, 2025, 19:00 IST
NASHVILLE, Tenn., April 22, 2025 (GLOBE NEWSWIRE) — TransCore, a global leader in intelligent transportation and tolling solutions, has successfully completed a full central software replacement for the Metropolitan Transit Authority of Harris County (METRO), modernizing its High Occupancy Vehicle (HOV)/High Occupancy Toll (HOT) Lanes' Automated Reversible Gate Operations (ARGO) system. The upgraded system officially went live on Jan. 5, 2025 and improves operational efficiency, enhances safety, and streamlines lane management for Houston's critical commuter corridors.
Since 2012, TransCore has collaborated with METRO to design, implement, and maintain the ARGO system, ensuring smooth, real-time reversible lane operations across Houston's five major corridors. The latest upgrade introduced TransSuite®, TransCore's advanced traffic management system (ATMS), to enhance automation and operational efficiency.
'The TransSuite solution has supplied METRO with a robust and smart system of tools that work with a wide variety of devices and platforms,' said Nader Mirjamali, Houston METRO HOV and HOT Lane Project Manager.
The reversible lanes provide HOV/HOT travel into Houston during the peak morning commute hours and reverse midday to accommodate the evening outflow. Operating in coordination with technicians who ensure that the lanes are clear of vehicles during reversal, the latest software upgrades enable automated gate closure sequencing and traveler information messaging to roadway signage.
'TransCore is proud to bring the latest in intelligent transportation technology to Houston METRO, improving both system reliability and the daily commuting experience,' said Whitt Hall, TransCore President and CEO. 'By fully automating lane transitions and integrating enhanced surveillance, this upgrade ensures safer and more efficient mobility for the region.'
About TransCore
A global leader in the transportation industry, TransCore provides innovative technical solutions and services for all-electronic tolling, congestion pricing, tolling back office, access control, and intelligent transportation systems. TransCore has distributed millions of RFID tags and deployed thousands of electronic toll collection and managed lanes. Its systems capture billions of toll transactions per year and support the United States' most accurate and advanced toll collection operations.
TransCore is a subsidiary of ST Engineering, a global technology, defense, and engineering group with a diverse portfolio of businesses across aerospace, smart city, defense, and public security segments. It is part of the Group's Urban Solutions business, a leading provider of smart city solutions with a global track record of over 800 projects in more than 150 cities.
Follow us on LinkedIn.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5f962e6d-abfd-44cf-bd62-310cdd9fd7e9
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
32 minutes ago
- Yahoo
Growth in DIY and Home Improvement Activities Spurs Demand for Compact Tool Storage Solutions - A $2.2 Billion Market by 2030
Key trends include the rising demand for modular, mobile, and customizable storage systems among industrial, commercial, and residential users. The report highlights the impact of global tariff developments on the market and offers insights into smart storage solutions featuring RFID tracking and inventory management. Explore comprehensive market analysis, segment growth, regional trends, competitive landscape, and strategic opportunities. Tool Storage Products Market Dublin, June 02, 2025 (GLOBE NEWSWIRE) -- The "Tool Storage Products - Global Strategic Business Report" has been added to global market for Tool Storage Products was valued at US$1.7 Billion in 2024 and is projected to reach US$2.2 Billion by 2030, growing at a CAGR of 4.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Tool Storage Products market. Are Smart Storage Solutions Setting the New Market Standard?Technological integration is reshaping the tool storage segment, ushering in a wave of innovations that align with digital transformation trends across industries. Smart storage units embedded with RFID tracking, locking mechanisms, and inventory management systems are gaining traction among professional users who handle expensive or mission-critical tools. In sectors like aerospace, automotive repair, oil & gas, and defense, where tool accountability is essential, these solutions are helping minimize losses, prevent unauthorized access, and streamline audits. Portable storage systems are also evolving, featuring impact-resistant materials, IP-rated designs, ergonomic handles, and weatherproof coatings to endure tough jobsite conditions. Manufacturers are increasingly bundling storage units with tools, offering integrated kits that cater to specific trades such as plumbing, electrical, or carpentry. In addition, there's growing customization of storage layouts to accommodate diverse tool sizes and types. These innovations not only improve functionality but also deliver space efficiency - a key requirement in cramped urban workspaces and mobile service Is User Diversity Shaping Product Development?The tool storage market is marked by a highly diverse user base, and manufacturers are actively tailoring offerings to meet the needs of distinct user profiles. Professional tradespeople value durability, load capacity, and transportability, leading to an uptick in demand for rugged tool chests, modular drawers, and wheeled toolboxes. Meanwhile, DIY enthusiasts and hobbyists prioritize affordability, aesthetics, and ease of access - driving innovation in compact wall-mounted pegboards, plastic organizers, and foldable designs. On the industrial front, production units and maintenance teams seek centralized storage systems with locking capabilities, drawer labeling, and anti-corrosion features to manage large inventories. There's also a significant push towards user-friendly features such as soft-close drawers, anti-slip mats, and magnetic panels. The e-commerce boom has further democratized access, allowing consumers to compare features and specifications with ease, boosting awareness and demand even in non-traditional markets like Africa and Southeast Asia. Branding, warranty policies, and perceived durability now play a critical role in purchasing decisions across all user Fueling the Expansion of the Tool Storage Products Market?The growth in the tool storage products market is driven by several factors directly related to evolving consumer needs, industrial operations, and product technology. The rising adoption of modular storage systems in manufacturing and maintenance settings is expanding demand for high-capacity, customizable units. Growth in home improvement activities, spurred by social media and DIY culture, is encouraging residential users to invest in compact and affordable storage options. Increased spending on infrastructure, construction, and industrial development - especially in Asia-Pacific and Latin America - is driving large-scale procurement of commercial-grade storage solutions. Additionally, the integration of RFID, IoT, and smart locking mechanisms is expanding the market for tech-enabled, inventory-managed storage units among high-value tool users. The shift toward ergonomic, portable, and weather-resistant designs is also making storage products more relevant for mobile technicians and field engineers. Lastly, the increasing penetration of online retail channels is allowing brands to expand globally, reach niche users, and cater to specific professions with targeted product ScopeThe report analyzes the Tool Storage Products market, presented in terms of market value (US$ Thousand). The analysis covers the key segments outlined Product Type (Portable Tool Boxes, Gang / Jobsite Boxes, Tool Push Carts, Tool Cabinets & Chests, Truck / Van Tool Storage Solutions, Tool Bags & Pouches) Material (Steel, Wood, Plastic, Aluminum, Other Materials) End-Use (Residential, Commercial, Industrial, Vehicles Key Insights: Market Growth: Understand the significant growth trajectory of the Portable Tool Boxes segment, which is expected to reach US$628.9 Million by 2030 with a CAGR of a 5.3%. The Gang / Jobsite Boxes segment is also set to grow at 2.9% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $474.1 Million in 2024, and China, forecasted to grow at an impressive 7.8% CAGR to reach $458.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as Akro-Mils, Armorgard Ltd., Bull Metal Products, Inc., Craftsman (Stanley Black & Decker), DEWALT (Stanley Black & Decker) and more. Tariff Impact Analysis: Key Insights for 2025Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments and incorporates forward-looking insights into the market analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and Attributes: Report Attribute Details No. of Pages 385 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $1.7 Billion Forecasted Market Value (USD) by 2030 $2.2 Billion Compound Annual Growth Rate 4.1% Regions Covered Global Key Topics Covered: MARKET OVERVIEW World Market Trajectories Tool Storage Products - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Growth in DIY and Home Improvement Activities Spurs Demand for Compact Tool Storage Solutions Expansion of Construction and Industrial Sectors Drives Adoption of Heavy-Duty Storage Systems Increasing Workforce Mobility Throws Spotlight on Portable and Modular Tool Storage Rise in E-Commerce Sales Channels Expands Addressable Market for Home Tool Kits Smart Tool Storage Systems With RFID Tracking Drive Adoption in Industrial Settings Growth in Automotive Repair and Maintenance Industry Generates Demand for Organized Storage Rising Demand for Ergonomic and Multi-Functional Designs Sustains Competitive Edge Adoption of Durable, Weatherproof Materials Strengthens Business Case for Outdoor Tool Storage Integration with Power Tool Brands Spurs Cross-Selling Opportunities Safety Regulations in Industrial Facilities Propel Compliance-Driven Storage Investments Urbanization and Space Constraints Accelerate Demand for Wall-Mounted Storage Units Expansion of Commercial Infrastructure Projects Creates New Avenues for Tool Storage Solutions FOCUS ON SELECT PLAYERS Some of the 34 companies featured in this Tool Storage Products market report include: Akro-Mils Armorgard Ltd. Bull Metal Products, Inc. Craftsman (Stanley Black & Decker) DEWALT (Stanley Black & Decker) DYCO Ventures Extreme Tools GearWrench (Apex Tool Group) Global Industrial Huot Manufacturing Ironland Tool Bags Junyuan Bags KNAACK Matco Tools Milwaukee Tool Proto Industrial Ridgid (Emerson Electric Co.) Snap-on Incorporated Stanley Black & Decker Wurth Group For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Tool Storage Products Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Effettua l'accesso per consultare il tuo portafoglio
Yahoo
8 hours ago
- Yahoo
Globe Trade Centre SA (FRA:G91) Q1 2025 Earnings Call Highlights: Revenue Growth and Strategic ...
Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Globe Trade Centre SA (FRA:G91) reported a 9% increase in combined revenues for the CE and German residential portfolio. The company improved its occupancy rate by 2 percentage points in the first quarter. Significant disposals added approximately 88 million to the company's cash position, demonstrating the high quality of its asset base. The portfolio is well-diversified across sectors and geographies, with 51% in offices, 30% in retail, and 19% in residential properties. The company has strong relationships with banks, which aids in refinancing efforts and managing upcoming maturities. FFO1 declined to around 12 million due to increased interest costs from new funding. The company faced increased finance costs due to additional senior facilities in Bulgaria and Germany. There was a loss from the revaluation of assets due to capitalized expenditures on completed properties. The weighted average interest rate increased to 3.63%, impacting financing costs. Administrative expenses increased, partly due to the integration of the German portfolio and additional employees. Warning! GuruFocus has detected 8 Warning Signs with FRA:G91. Q: Could you elaborate on the short-term blocked deposits and what drove their increase in the first quarter? A: The increase was due to a voluntary dedication of 45 million for deleveraging the company. We will decide how to utilize these funds, potentially for repaying bank loans or other facilities. - Unidentified_2 Q: Is the 45 million dedicated for deleveraging restricted to specific uses, such as bond repayment? A: The funds could potentially be used for bond repayment or senior facilities. We have not concluded on this yet, but it will help manage credit metrics. - Unidentified_2 Q: Can you provide details on the 37-38 million CapEx spent on investment property in Q1? A: The spending was on developments, fit-outs, and building maintenance. Approximately 20 million was spent on developments, including renovations, with the remainder on fit-outs and improvements. Most of it was financed through cash. - Unidentified_2 Q: What are the expected major cash outflows in the coming quarters? A: Significant cash outflows include interest costs and 42 million for an option to buy 10% of the German portfolio. We aim to finance these from external sources. - Unidentified_1 Q: Could you clarify the impact of the German portfolio on financials, particularly the increase in interest costs and admin expenses? A: The German portfolio's initial lower occupancy contributed to lower gross margin, but improvements are underway. Admin costs increased due to additional employees in Germany. Other finance expenses were largely one-off items. - Unidentified_2 For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 hours ago
- Yahoo
King County Metro resumes fare enforcement
King County Metro has fully resumed fare enforcement after a four-year hiatus. For the last two months, Fare Enforcement Officers have been in an 'education phase' – reminding people that they'll need to pay moving forward. In 2020, payment was paused to reassess and reimagine safety, security, and fare enforcement Starting Saturday, officers began issuing printed warnings and citations to riders who can't provide proof of payment on buses and streetcars. Metro says that the education phase was promising. In April and May, 76% of riders that officers spoke to provided proof of payment. 'We see riders are getting back into the habit of tapping their cards and paying at the farebox, which funds essential bus service in our communities,' Metro's Chief Safety Officer Rebecca Frankhouser said. 'As we shift toward issuing warnings and potential citations, we are again reminding riders that there are free and reduced transit fares to ensure everyone can take transit.' Metro's adult fare is currently $2.75. Officers will accept proof of payment in the form of: A recently tapped ORCA fare card An activated Transit GO Ticket on their phone A tapped ORCA card in Google Wallet A transfer slip issued to someone who paid cash or used a human service bus ticket at the farebox Riders who do not have valid proof of payment will first receive a printed warning. Riders can receive two printed warnings without consequence. A third and subsequent violation may result in a fine or an alternative resolution: Pay a fine of $20 within 30 days, or $40 within 90 days Load $20 onto an ORCA card or—if eligible—$10 onto a reduced fare program card Enroll in a reduced fare program if eligible Perform two hours of community service Appeal to the Fare Adjudication Program Manager or request a customized resolution Youth who do not have proof of payment will not face a fine or alternative resolution, and will instead receive information on how to enroll in the Free Youth Transit Pass.
