Stock Track | Kadant (KAI) Soars 6.15% on Increased Demand for Affordable Public Transportation

Stock Track

02-13

Kadant Inc. (KAI) saw its stock surge 6.15% on Thursday, driven by positive news surrounding PT Kereta Api Indonesia (KAI), the state-owned railway company in Indonesia.

According to news reports, KAI is operating 13 subsidized economy train services in 2025 through the Public Service Obligation (PSO) scheme, providing affordable and accessible transportation options for the public. The subsidized train services are part of KAI's efforts to support the economy and provide efficient and cost-effective mobility for the people.

Additionally, KAI has signed a Memorandum of Understanding (MoU) with Grab Indonesia to enhance travel safety at railway level crossings. This collaboration aims to improve safety for train passengers and Grab driver-partners by utilizing data and information on level crossings, including automatic warnings for Grab driver-partners approaching level crossings and education on safe driving in those areas.

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(KAI) saw its stock surge 6.15% on Thursday, driven by positive news surrounding PT Kereta Api Indonesia (KAI), the state-owned railway company in Indonesia.</p>\n\n<p>According to news reports, KAI is operating 13 subsidized economy train services in 2025 through the Public Service Obligation (PSO) scheme, providing affordable and accessible transportation options for the public. The subsidized train services are part of KAI's efforts to support the economy and provide efficient and cost-effective mobility for the people.</p>\n\n<p>Additionally, KAI has signed a Memorandum of Understanding (MoU) with Grab Indonesia to enhance travel safety at railway level crossings. 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