Global Electronic Toll Collection Market Report 2020-2025 Featuring Cubic, Kapsch TrafficCom, Conduent Business Services,...
Dublin, Oct. 23, 2020 (GLOBE NEWSWIRE) -- The "Global Electronic Toll Collection Market 2020-2025 by Technology, Functionality, Component, Authentication, and End-user" report has been added to ResearchAndMarkets.com's offering.The Global Electronic Toll Collection Market is estimated to be USD 7.23 Bn in 2020 and is expected to reach USD 10.48 Bn by 2025 growing at CAGR of 7.7%.Growth of the market is attributed to rising demand for effective traffic management at toll collection center, increasing government initiatives to adopt electronic toll collection system, increasing cashless travelling, increased demand for minimizing traffic congestion and fuel consumption at toll stations.The market is hampered due to high initial cost involved for installation of toll management system and high operating and maintenance costs. Technological developments such as GNSS and GPS technologies will create growth opportunities in the market.A toll road is a private or public roadway for which a fee is charged while transporting. The toll booths cause traffic delays during rush hours for the toll collection process as the toll collection is a manual operation. Manual toll collections are not only prone to errors but are also considerably slower than automated methods.This constraint has given birth to the electronic toll collection system, which eliminates
(RTTNews) - Asian stocks turned in a mixed performance on Friday, with uncertainty over a U.S. stimulus deal and worries about a continued surge in coronavirus cases in several parts of Europe and the U.S. keeping investors worried. Chinese shares tumbled as traders monitored coronavirus developments and progress on the U.S. stimulus talks. The benchmark Shanghai Composite index fell 34.50 points, or 1.04 percent, to 3,278, while Hong Kong's Hang Seng index ended up 132.65 points, or 0.54 percent, at 24,918.78. Japanese shares closed higher as investors held out hopes that a U.S. stimulus package would eventually be passed. The Nikkei average inched up 42.32 points, or 0.18 percent, to 23,516.59 ahead of a string of earnings reports due week. The broader Topix index closed 0.34 percent higher at 1,625.32. Mitsubishi Heavy Industries soared 6.6 percent after reports that it will freeze development of its SpaceJet regional jet. Online games developer Nexon jumped 17.2 percent on news that it will join the Nikkei stock average, replacing FamilyMart Co. Advantest fell over 1 percent and Tokyo Electron lost 2.7 percent after Intel Corp reported a surprise drop in data center sales and issued a tepid forecast. The manufacturing sector in Japan
Times Insider explains who we are and what we do, and delivers behind-the-scenes insights into how our journalism comes together.Twenty-two million U.S. jobs were lost in March and April because of the pandemic — as many as the total in the Great Depression and Great Recession combined.To examine the human impact of those numbers, The Times’s National desk collaborated with 11 local news organizations across the country to tell the stories of unemployed Americans in their own words. The accounts of a dozen people, including an inventory coordinator in Carlisle, Pa.; an Army veteran in Augusta, Ga.; and a bartender in Las Vegas, appear in “Out of Work in America,” a special section in today’s newspaper.In edited remarks below, a deputy editor on the National desk, Jia Lynn Yang, and an assistant editor, Clinton Cargill, discussed their thoughts behind the project.The two of you came up with the idea in April with the National editor, Marc Lacey. How did it originate?CLINTON CARGILL It was immediately clear that the economic effects of the pandemic would be far-reaching, and we needed a way to address the longer term issues. Marc Lacey has a great habit of reminding editors that we are writing
SOUTHFIELD, Mich., Oct. 23, 2020 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today expanded its sustainability efforts by announcing several new environmental goals, including achieving net zero emissions by 2050. Lear further plans by 2030 to use 100% renewable energy at the company's manufacturing facilities and reduce carbon emissions by 50%. The timeframes align with the U.N. Intergovernmental Panel on Climate Change to limit global warming, based on 2019 data. "Setting the goal for Lear to achieve net zero emissions by 2050 is a significant next step that builds on actions already underway at our company," said Ray Scott, President and CEO. "We believe designing and manufacturing products with world-class innovation and quality for our customers is compatible with protecting the environment. These efforts go hand in hand." To attain net zero emissions by 2050, Lear will increase renewable energy use, improve energy efficiency at facilities, expand engineering efforts for vehicle electrification and lighter weight products, and heighten sustainability requirements for its suppliers. Lear is committing to these actions with an understanding of the potential challenges that are ahead, including the availability of renewable energy, changing directives from local governments, unpredictable financial markets