The latest announcement is out from Verra Mobility ( (VRRM) ).
On March 31, 2025, the New York City Department of Transportation announced that Verra Mobility has been identified as the vendor to manage the city’s automated enforcement camera safety programs for a five-year period starting after the current contract expires in December 2025. This contract, which is the largest of its kind in the nation, will involve managing red-light, speed, bus lane enforcement cameras, and cameras for enforcing weight limits on the Brooklyn-Queens Expressway. The announcement highlights Verra Mobility’s continued role as a trusted technology provider in enhancing New York City’s safety programs, with contract negotiations set to commence.
More about Verra Mobility
Verra Mobility Corporation is a leading provider of smart mobility technology solutions, focusing on making transportation safer, smarter, and more connected. The company operates globally, offering transportation safety systems and parking management solutions to improve urban and motorway mobility and support healthier communities. Verra Mobility also addresses complex payment, utilization, and compliance challenges for fleet owners and rental car companies.
YTD Price Performance: -4.28%
Average Trading Volume: 1,224,335
Technical Sentiment Signal: Buy
Current Market Cap: $3.59B
For a thorough assessment of VRRM stock, go to TipRanks’ Stock Analysis page.