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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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.