Transport Infrastructure

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Passenger Transportation Services

Senator: US aircraft communications with FAA are 'incredibly unsecure'

Senator Ron Wyden stated that a government report released on Monday showed communications between US airtraffic controllers and commercial planes were "incredibly insecure". The 'Federal Aviation Administration' must take steps to combat threats. The Government Accountability Office stated that the FAA had not completed risk assessments or updated security documents needed to address threats such as spoofing, jamming and spoofing. It also said it did not have real-time detection capabilities for all spectrum-related threats. This report by GAO is "sobering" in that it reveals the vulnerability of air traffic controllers' technology, which can be intercepted and impersonated. Hackers and foreign...

Passenger Transportation Services

Flights at UK airports are delayed by a new air traffic control failure

Flights at several British Airports were 'delayed' on Monday because of an air traffic control failure, Britain’s NATS?air traffic control?provider?said. This comes less than two weeks since a different issue caused flights to be halted across the country. NATS reported delays at Manchester, Glasgow, and Belfast airports, due to a problem with its Prestwick center?in Scotland. London's Gatwick Airport and City Airports also said that there would be some disruption. EasyJet announced that it has cancelled certain flights. British Airways warned customers of possible disruptions on Monday. NEW ISSUE BEHIND ?DELAYS NATS stated that Monday's delays are "unrelated" to the...

Passenger Transportation Services

Malaysian regulator will ask publicly traded firms to submit El Nino plans and is looking for deeper Middle East relations

Malaysia's Securities Commission (SSC)?plans on asking companies to reveal how they're preparing for El Nino, amid fears that the country's business sector may not be prepared for the fallout of the 'weather phenomenon'. Chairman Mohammad Faiz Azmi?told reporters. Forecasters warn that a super 'El Nino' could bring heat and drought to Southeast Asia. Conditions that are hotter and drier can affect crop yields, straining water supplies. This poses a risk to Malaysia's palm oil industry. "We are going to write to all major companies and ask: What is your El Nino Plan?" Mohammad Faiz said in an interview during an...

Passenger Transportation Services

Luxembourg deploys additional surveillance assets after drone sightings

Luxembourg's government announced on Sunday that "additional" detection assets had been deployed to strengthen the airspace monitoring after Luxembourg Airport temporarily suspended services late Friday night due to drone sightings. In a statement, the government stated that "to strengthen airspace analysis and monitoring capabilities, additional detection resources have been deployed. These include resources provided by our foreign partners." The report added that "These supplementary system have contributed to further consolidating the?airspace monitoring and a better assessment by the competent authorities of?the?situation". The government said also that on Saturday evening, police "received a number of reports"?concerning?the suspected presence?of?drones in national airspace...

Passenger Transportation Services

After a temporary suspension due to drone activity, flights resume at Luxembourg Airport

Authorities resumed flight operations at Luxembourg Airport on Saturday after suspending them the previous evening due to the discovery of "unauthorized unmanned aerial systems", or drones. The airport, Luxembourg’s only international airport, announced that it had imposed a'suspension' on Friday, as a precautionary measure, to ensure the safety and security of passengers, airline crews, airport staff, and aircraft. The airport did not provide any details about the origin or operator of the drones. Although flights have resumed as scheduled, some 'delays and disruptions' may persist while airlines and airport partners work to restore the normal schedules. Luxair's main hub at...

Passenger Transportation Services

Major US airlines reject Air China's bid to schedule more US flights

Air China has been criticized by a group of major US airlines for its plans to schedule additional flights between Beijing and New York, Washington, as part of the President Xi Jinping meeting with Donald Trump. Airlines for America, which represents American Airlines, Delta Air Lines and United Airlines, opposed the request. US carriers are effectively prohibited from flying to China from the US eastcoast because they can't access Russian airspace. Chinese carriers, however, have the ability to fly some US flights. US Airlines said that adding two flights to the schedule would allow Chinese carriers to request additional regular...

Passenger Transportation Services

London's marine insurance companies expand high-risk zone in the Black Sea as shipping attacks increase

According to a recent advisory, London's marine insurers have widened their high-risk area for the Black Sea as the conflict between Ukraine and Russia escalates. The Black Sea is an important route for the shipment of grain, crude oils and refined products. Russia, Ukraine, Bulgaria, Georgia and Romania all share its waters. In the last two months, Russia and Ukraine have intensified their attacks on each others' commercial shipping, escalating their five-year war. The Joint 'War Committee' (JWC), which is made up of syndicate members in the Lloyd's Market Association, and representatives from the London Insurance Company market, provides guidance...

Passenger Transportation Services

The small English club Oxford Utd apologizes for the 'United 93 clothing line'

Oxford United, a third-tier English club, has withdrawn its clothing line featuring the slogan "United 93%" and apologized for not knowing 'its historical context. United 93 is the callsign of one of the hijacked passenger jets in the 9/11 Al Qaeda attack on the United States. The merchandise was meant to be a nod to the club's founding date of 1893. A club statement stated that the range was released "without an understanding of its historical context and associated associations." "It should not have been sold and we take full responsibility for failing to do proper due diligence. We have...

Passenger Transportation Services

Malaysian regulator will ask publicly traded firms to submit El Nino plans and is looking for deeper Middle East relations

Malaysia's Securities Commission will ask companies how they are preparing for El Nino, as it is concerned that businesses in the country may not be prepared for its effects. Forecasters warn of a super El Nino that could bring heat and drought to Southeast Asia. Conditions that are hotter and drier can affect crop yields, straining water supplies. This poses a risk to Malaysia's palm oil industry. "We are going to write to all major companies and ask: What is your El Nino Plan?" Mohammad Faiz said in an interview during an investor roadshow held in the UK. "And we'll...

Passenger Transportation Services

Air France's luxurious shift helps to cushion the impact of Iran war

Ben Smith, Air France’s Chief Executive, said that the airline's "costly bet" on luxury is paying off. It has helped the Paris-based carrier to weather the fallout of the Iran War. Air France-KLM, the parent company, is struggling with high jet fuel costs and disruptions in travel patterns due to the Iran War, which lasted for seven months. Some airlines have been forced to reduce capacity and cut spending. Air France is meanwhile riding out the storm. Air France has taken advantage of the 'Emily in Paris' TV show, and the tourists' fascination with Paris' fashion, food, and hotel scene....

Passenger Transportation Services

Jet financiers worry as Iran war increases fuel and borrowing costs

Fuel and borrowing costs are now the top concern of jet financiers. This is a significant shift from years of disruption caused by supply. Recent market turmoil has confirmed the shift in mood. This includes?airBaltic?s bankruptcy, an increase in oil prices tied to the advances of?Yemen?s Houthis?in the Middle East War, and a rise in U.S. Treasury Yields. I feel that the market is changing. Thomas Baker, CEO of Aviation Capital Group and host of the International Society of Transport Aircraft Trading's (ISTAT) event, said that he believes winter will be more cold (financially speaking) than people anticipate. Analysts have...

Passenger Transportation Services

Wall Street Journal, September 18,

These are the most popular?stories from the Wall Street Journal. The Wall Street Journal has not verified these stories and cannot vouch for their accuracy. - An independent security research team that specializes in bug hunting used Anthropic’s Claude software to access the ChatGPT account of an OpenAI employee. Lockheed Martin has received the first shipment of critical components from General Motors. This is less than a month after they signed a manufacturing agreement. The Pentagon wants to speed up the production of weapons. Jana Partners, an activist hedge fund, wants Cooper contact lenses to replace their chief executive. They...

Ground Transportation

Ground Freight

Amtrak, the US passenger rail company, sets a record for ridership and cuts losses

Amtrak, the U.S. passenger rail company, said Tuesday that it had set records for revenue and ridership in a single year. It also cut its losses by 15 percent to $598 millions and is aiming for profitability by 2028. Amtrak is a major effort in rehabilitating the infrastructure of the Northeast corridor between Boston, Massachusetts and Washington. It is expanding service throughout the United States by purchasing new Acela trains with higher speeds and replacing regional trains from next year. Amtrak reported that in the twelve months ending September 30, it had 34,5 million trips made by customers, an increase...

Transportation

Whaleboat sinks into river in Congo, killing at least 107 people

According to a government internal report viewed by us on Friday, at least 107 people died when a whaleboat caught blaze in the west of Democratic Republic of Congo. In a memo, the Ministry of Social Affairs stated that 146 people were missing after the boat, which was a narrow double-ended open vessel, caught fire near Malange Village in Lukolela Territory on Thursday night. The note stated that rescue teams recovered 209 survivors after the vessel burnt and drifted downriver. The fire destroyed the cargo and 15 riverside houses. The search operations continued Friday, with community volunteers and naval personnel...

Ground Transportation

As inventories shrink, premiums for copper contracts on the nearby LME soar.

The premiums for copper contracts near London Metal Exchange have increased to their highest level since October 2022 due to low inventories, large cash contracts and warrants held by traders. The title document that confers ownership on metal is a warrant. Tom-next, also known as the premium or backwardation that is charged for purchasing copper tomorrow and then selling it the next day, is currently trading at above The price of a metric tonne is $48. This compares to a $2 discount at the beginning of the week. The premium for the cash Copper Contract over the Three-Month Forward It...

Passenger Ground & Sea Transportation