July/August 2023 - 9

Proterra files for
bankruptcy protection
▶ Proterra Inc filed for Chapter 11
bankruptcy on Aug. 7 in the District
of Delaware. The company says the
move is an " effort to strengthen its
financial position through a recapitalization
or going-concern sale. "
The company operates three business
lines, including Proterra Energy,
which provides charging solutions,
Proterra Powered, which provides
battery systems, and Proterra Transit,
which provides zero-emission transit
buses. The company says its filing
will maximize the value of each of its
product lines. The company cancelled
its scheduled 2023 Q2 earnings call
that was scheduled for Aug. 9, 2023.
A Bloomberg report said the company
listed liabilities and assets of $500
million each in its filing. In a statement
following the Chapter 11 filing,
Proterra said it intends to " operate in
the ordinary course of business " as the
bankruptcy process plays out.
MassTransitmag.com/53068472
St. Louis to Chicago Amtrak
trains start 110 mph operation
▶ Federal, state and local officials
joined Amtrak and other stakeholders
at Chicago Union Station to celebrate
the start of 110 mph rail service between
St. Louis, Mo., and Chicago. Amtrak's
state-supported Lincoln Service train
on June 26 was the first train to make
the trip between the two cities at
higher speeds. The 110-mph service
will save passengers 15 minutes versus
the previous speeds of 90 mph and 30
minutes on the corridor's initial speed
of 79 mph before track, signaling and
other enhancements to improve train
speeds began. The $1.96 billion project
involved work to improve track infrastructure,
signaling systems improvements
and enhanced 212 grade crossings.
Additionally, 39 crossings were
closed and new stations were built in
Dwight, Pontiac, Lincoln, Carlinville
and Alton while station upgrades were
performed at Bloomington-Normal
and Springfield.
MassTransitmag.com/53064536
MORE NEWS AT A GLANCE
Southeastern Pennsylvania
Transportation Authority has awarded
CDM Smith, Inc. a contract to advance
accessibility improvements at three
trolley stations.
MassTransitmag.com/53067654
▶ The Metropolitan Transit Authority of
Harris County has signed a $26-million
contract with GMV to expand its digital
signage project in Houston, Texas.
MassTransitmag.com/53067357
▶ Hill International, Inc., was selected by
Virginia Railway Express (VRE) to provide
Program Management Consulting
services for VRE's Capital Improvement
Program through an Indefinite
Delivery/Indefinite Quantity Contract.
MassTransitmag.com/53065729
▶ The Huitt-Zollars and TranSystems
team has been selected by Trinity
Metro as the final design consultant for
its TEXRAIL extension project.
MassTransitmag.com/53068066
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July/August 2023

Table of Contents for the Digital Edition of July/August 2023