This is the new train scheme, in common with the colour used for train signage.
Nice and glossy up close. I don't believe it is paint, but an applied film of contact.
I am not so keen on the bus colour, but orange is the theme colour for our buses and has been for some time.
And lastly the trams in a tasteful green. The trams have been a hotch potch of different schemes but it seems it is call coming together now.
The vehicles still have the names of the operators on them but not screaming it out. The PTV you may see stands for Public Transport Victoria, sometimes in white, sometimes in red, sometimes displayed like this, PT>which is quite silly.
With private operators came the desire for extra profit, and so all over advertising started to be applied, especially over tram windows, but now trains too, I believe. While it can look attractive from the outside, it is very public transport user unfriendly. At times you simply can't see out of the windows to see where you are.
Below is an easily identifiable location in Melbourne. Got it? No, I didn't think so. Making visibility so poor for the sake of a few shekels is an utter disgrace on the part of Yarra Trams.