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Vietnam’s north-south high-speed rail is expected to cost US$500 million a year to operate in the initial time, with the government footing a substantial part of the bill. According to the Ministry of Transport, in the first four years revenues are expected…
Though demand for travel and transportation has grown exponentially in recent years, the railroad has witnessed a sharp decline in popularity since its heydays a few decades ago. Some 10.4 million people traveled by trains in 1990, accounting for 3 percent of…
Japan’s Mitsubishi Corporation and Nishi-Nippon Railroad Co. have established a new joint venture to provide commercial on-demand-bus (ODB) transit services controlled by artificial intelligence. The joint venture, Next Mobility, will commence operations in…
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