The U.S. Department of Transportation's Federal Transit Administration has announced grants totaling nearly $300 million to expand and modernize the nation's ferry systems. Each year, 56 million trips are made on ferries in communities across the country, supporting the movement of people and goods, boosting local economies and helping to lower costs for travel.
FTA is awarding 18 grants in projects in 14 states. Federal funding will support projects such as replacing old vessels with electric ships that reduce greenhouse gas pollution and improve air quality, expanding fleets, and building new terminals and docks. Of the 18 projects, eight are receiving federal support for environmentally friendly propulsion technologies, such as electric ferries and charging equipment.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.