Latest news with #transit
Yahoo
10 hours ago
- Business
- Yahoo
The Tribune's Quotes of the Week quiz for May 31
And that's a wrap on May! Where did the month go? While we try and figure that out, here's what happened this week: Lawmakers in Springfield have been busy as the spring legislative session comes to a close. In addition to trying to pass a spending plan without 'broad-based' taxes before Saturday's deadline, state senators are considering a huge transit bill that would address a $771 million shortfall in Chicago-area transit agencies' budgets. Two big measures have also advanced in the final days of the session. The Illinois House passed a bill that would legalize medical aid in dying for terminally ill people, and state legislators voted to ban police from ticketing and fining students for minor infractions at school, a common practice uncovered in the Tribune-ProPublica investigation 'The Price Kids Pay.' The former awaits approval by the Senate and the latter now heads to Gov. JB Pritzker's desk to be signed into law. Chicago-born Gangster Disciples founder Larry Hoover got some good news this week. In a controversial decision, President Donald Trump commuted his federal life sentences. But Hoover will remain in prison, serving a 200-year sentence for his state court conviction for murder. Tariffs dominated the news again this week. The president announced Sunday that the U.S. will delay its 50% tariff on goods from the European Union until July 9 to allow time for negotiations. But on Wednesday, a federal trade court blocked the administration from imposing taxes on imports under an emergency-powers law, as tariffs must typically be approved by Congress. Still, that doesn't mean they're going away quite yet. A federal appeals court ruled Thursday that the president can temporarily continue collecting tariffs while he appeals the trade court's decision. For more on that, here's where things stand. Elon Musk is leaving the Trump administration. The announcement came shortly after the Tesla CEO criticized Trump's 'Big, Beautiful, Bill' during a CBS interview. As the billionaire returns to his business ventures, he faces some big challenges. In Chicago sports news, Caleb Williams addressed murmurings that he tried to avoid being drafted by the Bears in 2024, saying 'I wanted to come here.' In Thursday's win over the Dallas Wings, Chicago Sky point guard Courtney Vandersloot broke the all-time franchise scoring record, a title previously held by her wife, Allie Quigley. And Sox fans can honor one of their own being elected pope at a celebration at Rate Field on June 14. Tickets went on sale Friday. Plus, Chonkosaurus is back! The famed snapping turtle was spotted basking in the Chicago River this week. If — like Chonk — you're looking to lounge outside in the beautiful weather this weekend, check out our patio guide for 25 spots around the city. Without further ado, here's the Tribune's Quotes of the Week quiz from May 25 to 31. Missed last week? You can find it here or check out our past editions of Quotes of the Week. Best of luck!
Globe and Mail
a day ago
- Business
- Globe and Mail
Argo Corporation Reports First Quarter 2025 Financial Results
TORONTO , May 30, 2025 /CNW/ - Argo Corporation (TSXV: ARGH), (OTCQX: ARGHF) (" Argo" or the " Company"), a leader in next-generation transit solutions, announced its financial results for the quarter ended March 31, 2025 (" Q1 2025"). All figures are in Canadian dollars unless otherwise noted. Municipal Deployments Argo has made significant progress in the commercialization of its Smart Routing™ technology. The Company's first municipal deployment in the town of Bradford West Gwillimbury launched in the second quarter of 2025, as previously announced by the Company. Argo also announced its landmark $10.9 million 12-month pilot with the City of Brampton in the second quarter of 2025, anticipated to launch later this year. While revenue from these agreements was not reflected in Q1 2025 results, the Company expects to begin recognizing related revenues in the second and third quarters of 2025. Argo continues to advance a robust pipeline of municipal opportunities, positioning the Company for continued growth. Research & Development of Smart Routing™ Transit System In Q1 2025, the Company continued its investment in research and development to enhance its proprietary Smart Routing™ hardware and AI-powered software ecosystem, including vertical integration hardware onboard its Argo X1 electric vehicles. This end-to-end platform combines real-time routing software, electric vehicles and full-service operations to deliver dynamic, on-demand transit services. FoodsUp Inc. The company held a 47.851% interest in FoodsUp Inc. (" FoodsUp") as of March 31, 2025 . FoodsUp is one of Canada's leading restaurant supply platforms, with annual revenues of $108 million in fiscal 2024. As previously disclosed, the Company made significant progress towards the divestment of this ownership interest in Q1 2025: Sale of Shares: The Company received approximately $2.5 million in proceeds from the sale of an aggregate of 5,855 subordinate-voting shares of FoodsUp Inc. Option Agreements: The Company entered into two option agreements (collectively, the " Option Agreements") granting the holders thereof the irrevocable option to purchase up to a total of 45,932 subordinate-voting shares of FoodsUp. If the transactions contemplated by the Option Agreements are fully exercised, the Company has the potential to receive gross proceeds of between $21.6 million and $30.2 million . The Company's ability to complete the transactions provided for in the Option Agreements remain subject to any required approvals, including final approval of the TSX Venture Exchange and approval of the shareholders of the Company. In addition, in the second quarter of 2025, the Company announced that its board of directors declared a special stock dividend (the " Stock Dividend") intended to provide its legacy shareholders with their proportionate stake in the net proceeds realized upon the eventual sale by the Company of its ownership interest in FoodsUp. Pursuant to the Stock Dividend, all of the Company's common shareholders of record on August 13, 2025 (the " Record Date") will be entitled to receive, one Preferred Share, Series A of Argo for each common share of Argo held on the Record Date. The payment date for the Stock Dividend is August 20, 2025 . Additional details regarding the Stock Dividend can be found in the Company's press release dated May 21, 2025 . For detailed information, please refer to Argo's condensed interim consolidated financial statements for the three months ended March 31, 2025 , and 2024 (" Q1 2025 Financial Statements") and its management's discussion and analysis of financial condition and results of operations for the three months ended March 31, 2025 , and 2024 (the " Q1 2025 MD&A"), filed on SEDAR+ at The following table provides a summary of Argo's financial results for the three months ended March 31, 2025 and 2024: For the three months ended March 31 2025 2024 REVENUE $512,172 $219,585 Cost of revenue $115,987 $12,956 General and administration 2,570,907 966,946 Operational support 663,431 239,207 Research and development 224,492 49,174 Sales and marketing 10,648 34,802 Provision for trade and other receivables - - Amortization & depreciation 18,490 34,746 Depreciation 25,989 7,584 Total operating expenses 3,629,944 1,345,415 OPERATING LOSS ($3,117,772) ($1,125,830) OTHER INCOME (EXPENSES) Foreign exchange gain/ (loss) (14,791) (40,069) Interest expenses (427,312) (228,616) Interest income - 897 Loss on termination (996,968) - Write-off of accounts payable settlements - 98,202 Fair value gain (loss) on investments 2,726,221 - Gain on sale of investment 105,864 - Share of loss of an associate - (1,083,495) Net income/ (loss) from continuing operations ($1,724,758) ($2,378,911) Discontinued Operations Net gain/(loss) from discontinued operations, net of tax 497 (489,791) Gain from derecognition, net of tax - 1,341,770 NET GAIN (LOSS) ($1,724,261) ($1,526,932) Cumulative translation adjustment (342) 78,655 Cumulative translation adjustment for discontinued operations - (252,661) NET PROFIT (LOSS) AND COMPREHENSIVE PROFIT (LOSS) ($1,724,603) ($1,700,938) (Loss) Profit per share (Loss) income per share from continuing operations – Basic and diluted ($0.01) ($0.02) Income (loss) per share from derecognition and discontinued operations - Basic and diluted $0.00 $0.01 Weighted average shares outstanding - Basic and diluted 138,683,002 132,944,615 All figures rounded to the nearest dollar. Prepared in accordance with IFRS. About Argo Argo delivers the world's first fully vertically integrated transit system, combining Argo X1 electric vehicles, Smart Routing™ technology, and comprehensive operational management in a single end-to-end solution. By integrating every aspect of the transit experience, Argo enables municipalities to augment traditional fixed-route services to dynamically optimized on-demand service while maintaining standard public transit pricing. The company launched Argo School in September 2024 and began its first municipal deployment in Bradford West Gwillimbury in early 2025. Learn more at Praveen Arichandran , CEO Argo Corporation (800) 575-7051 Forward-Looking Information This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate," "estimate," and "intend," and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. The forward- looking information set out in this news release relates to future events or our future performance and includes, without limitation, statements concerning the recognition of revenue in future quarters, the future growth of the Company, the completion of the completion of the exercise of the options granted pursuant to the Option Agreements by the holders thereof, Argo's ability to obtain all necessary approvals in respect of the Option Agreements and the Stock Dividend, and Argo's intention with respect to the Stock Dividend. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, as described in more detail in the Company's securities filings available at Actual events or results may differ materially from those projected in the forward-looking statements, and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. See "Cautionary Note Regarding Forward-Looking Information", "Financial Risk Management Objectives And Policies" and "Other Business Risks and Uncertainties" in the Company's Q1 2025 Financial Statements and its Q1 2025 MD&A for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to consider the uncertainties, risks, and assumptions carefully when evaluating forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation and regulatory requirements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CBC
a day ago
- General
- CBC
Quebec language office pressed transit agency for months before Habs playoff run
Social Sharing Quebec's language watchdog contacted the Montreal transit agency at least six times in the wake of a complaint about using the word "go" on city buses to cheer on a local soccer team. The watchdog — the Office québécois de la langue française — asked for multiple updates on the agency's efforts to remove the word, and kept the complaint open for nine months until "go" had been scrubbed from more than 1,000 city buses in Montreal, according to emails obtained by The Canadian Press. The correspondence contrasts with the office's public comments responding to an April report in the Montreal Gazette that revealed how the transit agency had replaced the expression "Go! Canadiens Go!" on its buses with "Allez! Canadiens Allez!" to appease the watchdog. The news report, coinciding with the Montreal Canadiens' first home game of the Stanley Cup playoffs, prompted a public outcry and elicited a declaration from French Language Minister Jean-François Roberge in support of the expression "Go! Habs Go!" At that time, the watchdog said it had "contacted the [transit agency] to inform it of the complaint and remind it of its obligations under the French language charter." But the office didn't share details about the length of its review and the number of times it pressed transit officials for updates. The internal correspondence reveals how an adviser for the language office sent at least six emails to the transit agency between May 2024 and January 2025, informing the agency of a complaint and asking about its plans to fix the problem. The documents were obtained under access-to-information law. The complaint, received on April 29, 2024, related to city buses displaying the expression "Go! CF Mtl Go!" – a reference to Montreal's professional soccer club. WATCH | 'Go' has got to go: No more 'Go! Canadiens Go!' on Montreal buses after language watchdog intervenes 1 month ago Duration 2:36 The transit agency initially responded to the language office in June 2024, explaining that such slogans give bus drivers "a way to salute national sports teams." Using the word "go" kept the message shorter and prevented it from scrolling across the buses' electronic displays, the email explained. Still, the agency agreed to remove the word, but warned the process could take several months. In response, the adviser asked why the change couldn't be made "over a few days when the vehicles are in the garage." The transit agency replied that each bus had to have its display changed manually, using a USB key. In July, the language watchdog informed the agency that the complaint would remain open until all the buses had been changed. The adviser then followed up two more times over the fall and winter to request updates. Eventually, the transit agency reported in January that 1,002 of its 1,104 buses had been updated, and the remaining 102 buses were out of service. The language office then agreed to close the complaint, on condition that each of the remaining buses would be updated before returning to service. In an email statement to The Canadian Press, a spokesperson for the language watchdog said the correspondence is "part of a normal process for handling a complaint." The language office never received a complaint about "Go! Habs Go!" and was never informed that the transit agency was planning not to use the word "go" in relation to the hockey team, said Gilles Payer. He said the office would not have pursued a complaint about "Go! Habs Go!," since the expression is a trademark, which does not need to be translated. Context is important when using 'go,' says minister's office A spokesperson for Roberge told The Canadian Press the minister was not aware of the issue until the change was first reported in April. But the documents show his own ministry was informed of the complaint shortly after it was received and intended to participate in the review. According to Quebec's French language charter, complaints involving public bodies must be flagged to the French Language Ministry. The ministry did not respond to questions about its role in response to this complaint. Roberge's spokesperson Thomas Verville said the language office received more than 10,000 complaints last year. "The minister does not intervene in the complaints received" by the office, he said. "That would be political interference." Still, Roberge announced in April that he had held "several discussions" with the language office, and that any future complaints about the expression "Go! Habs Go!" would "be deemed inadmissible." He said the slogan has been used for decades to support the Montreal Canadiens. He also said employees of the language office were receiving threats. Verville said there is a "huge difference" between using the word "go" in reference to the Montreal soccer team as compared to the Montreal Canadiens. He said fans of CF Montréal typically chant "Allez Montréal" during matches, while "Go! Habs Go!" has long been part of Quebec culture. He added Roberge spoke out specifically to defend the expression "Go! Habs Go!," which was not the subject of the original complaint. He did not say whether the minister opposes the use of the word "go" in reference to other sports teams. A spokesperson for the transit agency said it is still in discussions with the language office to "obtain official confirmation that we are allowed to use the word "go" in a sporting context and that we will not be penalized if we do so."
Associated Press
a day ago
- Business
- Associated Press
MARTA Selects CDM Smith to Design the Largest Bus Rapid Transit System in the State of Georgia
Atlanta, May 30, 2025 (GLOBE NEWSWIRE) -- CDM Smith was selected by the Metropolitan Atlanta Rapid Transit Authority (MARTA) to design the Clayton County Southlake Bus Rapid Transit (BRT) Alignment and Airport Connectivity project. CDM Smith and its partners will design approximately 15 miles of BRT with an elevated guideway into Hartsfield-Jackson Atlanta International Airport. The effort is MARTA's largest BRT project to date. This project will greatly improve Clayton County residents' access to job opportunities and education and will open doors for further transit-oriented development in the area. Direct premium transit service to the Hartsfield-Jackson Atlanta International Airport and MARTA's rail system will greatly contribute to the local and regional economies. Planning and design work is funded by the one-cent sales tax approved by Clayton County voters in 2014. The project has submitted an application for a Small Starts grant award from the Federal Transit Administration's Capital Investment Grants (CIG) program. The current project budget is $355.6 million. In service of its goal to provide premium transit service throughout the county, the BRT system design will include an elevated guideway, elevated bus stations, and a pedestrian bridge connector to the airport terminal and MARTA train station. The design phase of this project will take two years to complete. Construction is estimated to take place from 2028 through 2030. 'We brought experience from our successful BRT project portfolio and remained focused on MARTA's goals and Clayton County's needs to create the right team to design this BRT,' said CDM Smith principal Chuck Deeb. Attachment Kelly Brolin CDM Smith 617.452.6153 [email protected]
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The Independent
a day ago
- Business
- The Independent
All aboard! Congressman pushes lawmaker to rename DC Metro the ‘Trump train'
Representative Greg Steube (R-FL) is pushing to rebrand the Washington Metropolitan Area Transit Authority from WMATA to 'WMAGA.' The 'Make Autorail Great Again Act,' introduced on Thursday, seeks to block all federal funding for WMATA until it rebrands as the 'Washington Metropolitan Authority for Greater Access.' WMATA relies in part on federal funding, with its FY2026 budget projecting approximately $144 million in federal support, accounting for about 6 percent of its total funding. In a news release, Steube said that the bill aims to address ongoing operational, safety, and fiscal challenges faced by WMATA. Steube also proposed renaming the Metrorail system the 'Trump Train.' 'These new names serve as a bold rallying point for much-needed reform,' he said. The Independent has contacted representatives for WMATA for comment. The proposed legislation arrives as Washington, D.C., prepares to host major global events, including the 2027 NFL Draft and multiple FIFA Club World Cup matches. 'The American people expect modern, reliable, and well-managed public services in their nation's capital. This bill leverages federal funding to ensure the transit system earns the right to represent the nation on the world stage,' Steube said. While the bill is primarily seen as symbolic and is unlikely to pass, it reflects a broader trend among some Republican lawmakers to propose measures that display allegiance to former President Donald Trump. In January, Addison McDowell (R-NC) introduced a bill to rename Washington Dulles International Airport as Donald J. Trump International Airport. The airport, currently named after former Secretary of State John Foster Dulles, became the center of heated debate, with supporters viewing the renaming as a tribute to Trump and critics dismissing it as politically driven. The bill ultimately failed in committee by mid-March. A month later, Claudia Tenney (R-NY) introduced the ' Trump's Birthday and Flag Day Holiday Establishment Act' to make June 14, a date already recognized as Flag Day and Trump's birthday, a federal holiday.
