Also today: LA pushes to rebuild homes faster, and real estate vultures eye middle-class homeowners.

Early data from the Metropolitan Transportation Authority suggests that traffic has dropped around Manhattan’s core.

Preliminary data from the first week of New York City's highly debated congestion pricing program shows the country's first plan of its kind is working, officials said.

Traffic entering Manhattan below 60th Street dropped by 7.5% in the first week after the start of a controversial $9 toll on driving in that area.

Now that New York City has finally flipped the switch on congestion pricing, the big question is: Will it work? And if so, how well?

With the first week of New York’s Congestion Pricing toll in the books, commuters are reaping a reward, spending less time in traffic in exchange for their $9 toll to enter lower Manhattan, said the Metropolitan Transportation Authority.

New Jersey dropped its unsuccessful appeal of a court order that allowed New York’s congestion pricing to start on Jan. 5 and intends to file a new suit against the Federal Highway Administration, attorneys said.

Congestion pricing was never just about reducing the number of cars in the city, though. Fewer cars would also mean a better quality of life for the millions of people who actually live in New York City, and in that regard, it sounds like congestion pricing has also been a success:

New York's MTA is claiming that, after only one week, the "congestion parking" initiative implemented is "working"

Behind the political fight over the new tolling program is a deepening crisis in the transportation system in New York City and around the country for which neither political party has an answer.

NY Gov. Kathy Hochul is defending her support for congestion pricing after NYS Assembly Minority Leader Will Barclay questioned how her congestion pricing initi

NYC’s 2025 congestion pricing found fewer personal cars on Manhattan’s roads and more cabs over its first five days, a Bloomberg analysis of 75,000 cars show.