Latest news with #Via
Yahoo
5 days ago
- Business
- Yahoo
City to stop using buses for public transit, transition to ride-share service
People in Springfield will get around town using a van rather than the usual transit bus. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] City officials hired ride-sharing company Via to operate 16 vans as public transportation. Riders can request a van using their phone, offering a more flexible alternative to the traditional bus routes. TRENDING STORIES: Planned Parenthood announces closure of local clinic; 1 other Ohio health center closing 'A really hard decision;' Restaurant, cocktail bar closing in Troy Community not happy about planned trash facility in Clark County Sue Call works across the street from one of the city's busiest bus stops. She thinks more people will start using the new transportation system near the first of the month. 'First of the months is when you get the crowds getting groceries, paying bills,' Call said. The service, branded as Field Trip Vans, is allowing residents to try it for free until July 28th. Despite the free trial, some residents remain hesitant about the change. 'I haven't tried it, but you know, I don't know about the new thing yet,' Adam Whaley said. Springfield public buses will stop operations in August. [SIGN UP: WHIO-TV Daily Headlines Newsletter] Solve the daily Crossword
Yahoo
6 days ago
- Business
- Yahoo
Transit software startup Via confidentially files for an IPO
Via, the transit software startup that garnered attention for its consumer-facing on-demand shuttle service, said it has filed confidentially for an initial public offering. Via has been batting around plans for an IPO for years. The company filed confidentially for an IPO in 2021, but never took the next official and regulatory steps to enter the public markets. Now, the company says it's ready. Its status as a confidential filing, however, leaves lots of missing details, including the number of shares to be offered and the price range for the proposed offering have not yet been determined. When Via launched in 2012, there was little interest from cities in the software platform, co-founder and CEO Daniel Ramot told TechCrunch in an interview several years ago. The company initially used consumer-facing Via-branded shuttles that users could hail. Over time, and using the massive amounts of data it collected through these services, Via improved its dynamic, on-demand routing algorithm, which uses real-time data to route shuttles to where they're needed most. Today, Via provides the on-demand transit software for more than 650 cities in 30 countries, including San Francisco, Seattle, New York, Miami, and London. It also serves numerous small and medium-sized cities like Arlington, Texas and Sioux Falls, South Dakota. Via last raised funds from private markets in 2023 with a $110 million funding round that pushed its valuation up to $3.5 billion. Via has raised a total of $1 billion to date from a long list of investors that includes BlackRock, Exor, Janus Henderson, Macquarie Capital, Mori Building, Shell, and 83North. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
TechCrunch
6 days ago
- Business
- TechCrunch
Transit software startup Via confidentially files for an IPO
Via, the transit software startup that garnered attention for its consumer facing on-demand shuttle service, said it has filed confidentially for an initial public offering. Via has been batting around plans for an IPO for years. The company filed confidentially for an IPO in 2021, but never took the next official and regulatory steps to enter the public markets. Now, the company says it's ready. Its status as a confidential filing, however, leaves lots of missing details, including the number of shares to be offered and the price range for the proposed offering have not yet been determined. When Via launched in 2012, there was little interest from cities in the software platform, co-founder and CEO Daniel Ramot told TechCrunch in an interview several years ago. The company initially used consumer-facing Via branded shuttles that users could hail. Over time, and using the massive amounts of data it collected through these services, Via improved its dynamic, on-demand routing algorithm, which uses real-time data to route shuttles to where they're needed most. Today, Via provides the on-demand transit software for more than 650 cities in 30 countries, including San Francisco, Seattle, New York, Miami, and London. It also serves numerous small and medium-sized cities like Arlington, Texas and Sioux Falls, South Dakota. Via last raised funds from private markets in 2023 with a $110 million funding round that pushed its valuation up to $3.5 billion. Via has raised a total of $1 billion to date from a long list of investors that includes BlackRock, Exor, Janus Henderson, Macquarie Capital, Mori Building, Shell, and 83North.
Montreal Gazette
15-07-2025
- Business
- Montreal Gazette
Via Rail to use refurbished cars to improve service on Montreal-Halifax train
HALIFAX — Via Rail wants to use refurbished rail cars to improve service between Halifax and Montreal, but the CEO of the Crown corporation can't say whether doing so will increase the frequency of trains on the line. Mario Péloquin made the comments in an interview Tuesday after a ceremony celebrating the $27-million restoration of Via's Halifax station. He also noted that last year was the 120th anniversary of The Ocean — the passenger train from Montreal to Halifax inaugurated in July 1904. Ottawa has committed to renewing Via Rail's entire Canadian fleet within 10 years. However, in the interim, Péloquin says there are plans to refurbish stainless steel cars that are being retired in Central Canada for use in the Atlantic region. The rail cars, originally manufactured in 1954 by the now-defunct Budd Company of Philadelphia, can be modernized and sent to Halifax as they become available, he said. 'As soon as we free up one of those (Budd rail cars), we'll repurpose it in the segments of the long-distance runs where we can best benefit from their use,' said the chief executive. Some of the refurbished cars will run on The Ocean line, and others, he said, will be sent to The Churchill, which runs between Winnipeg and Churchill, Man., or The Skeena, between Jasper, Alta., and Prince Rupert, B.C. Ted Bartlett, the former president of advocacy group Transport Action Atlantic, said in an email he hopes there will be enough refurbished cars to increase service on The Ocean. The 1,340-kilometre route currently runs just three times a week. 'It should not be necessary for The Ocean to wait long years for new cars to be designed and built to regain some of its former glory,' wrote Bartlett. Meanwhile, Péloquin said Via would 'love to' increase the frequency of the Halifax-Montreal line, but he said he doesn't know if that can happen because CN may not have openings on its increasingly busy freight lines. Via Rail relies on CN's rail network for nearly all of its routes. 'We would love to do that … but the constraint is getting the additional time slots .... More freight traffic is leaving less time for running (passenger) trains. It's a constant discussion. We're trying,' said Péloquin. A spokesperson for CN said in an email that adding Via trains to its lines 'would be subject to negotiation between Via and CN.' Bartlett said in an interview that there are also problems with The Ocean's reliability, as the service is slow and frequently late. Ottawa, he said, must take a leadership role in cutting a deal with CN to upgrade track and replace track sidings that have been removed over the years in northeastern New Brunswick. Péloquin acknowledged, 'we are unfortunately incurring delays pretty regularly on the long-distance runs, including The Ocean.' Upgrading the New Brunswick portion of the route, the CEO said, would be 'a really good idea.' However, Péloquin said there's no final price tag for the improvements to the CN line. 'It's at least hundreds of millions (of dollars), but I don't have a figure yet because we're not far enough advanced on the discussions.' A spokesperson for the federal Transport Department noted that Ottawa has only recently committed to making major investments to renew Via Rail's fleet. 'With this major upgrade underway, the focus remains on maximizing the benefits of the new fleet before considering further infrastructure investments or service changes,' wrote Sau Sau Liu in an email. Péloquin said the announcements for the winning contracts for new locomotives and cars will be announced early next year.
Hamilton Spectator
15-07-2025
- Business
- Hamilton Spectator
VIA Rail plans to use refurbished cars to improve service between Halifax-Montreal
HALIFAX - The CEO of Via Rail says the Crown corporation wants to use refurbished rail cars to improve service between Halifax and Montreal. Mario Péloquin made the comments after a ceremony marking the completion of renovations to Via's Halifax station. Péloquin also noted that last year was the 120th anniversary of The Ocean — the train from Montreal to Halifax inaugurated in July 1904. The CEO says the federal government has committed to renewing the corporation's entire Canadian fleet within ten years. And in the interim, Péloquin says there are plans to refurbish stainless steel cars that are being retired in Central Canada for use in the Atlantic region. But Péloquin says he doesn't know yet whether the refurbished cars will be enough to restore daily service to the Halifax-Montreal line, which currently runs three times a week. This report by The Canadian Press was first published July 15, 2025. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
