Rail transport

Ford dives further into urban transit

An illustration of a high-speed rail leaving a ford factory.
Illustration: Aïda Amer/Axios

Ford is starting to position itself as more than a manufacturer of cars and trucks. It also wants to be an orchestrator of urban transit, helping cities move people efficiently from A to B.

The big picture: Legacy automakers are scrambling to reinvent themselves in the face of disruptive technologies like automated vehicles and car-sharing. Ford is trying to take a more holistic approach than others, partnering with urban planners to address their cities' current transportation problems while laying the technology foundation for tomorrow's AVs.

Big takeover for freight railroad operator Genesee & Wyoming

Train with cash coming out of it.
Illustration: Aïda Amer/Axios

Connecticut-based freight railroad operator Genesee & Wyoming on Monday announced that it will be taken private by Canadian investor Brookfield Infrastructure and Singapore sovereign wealth fund GIC, for $8.4 billion (including assumed debt).

Why it matters: This represents more than a 50% premium to where Genesee & Wyoming shares began 2019, reflecting how railroads have been winning back market share from trucking companies.