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Transport Infrastructure

Passenger Transportation Services

Passenger Transportation Services

Wall Street Journal - Sept 13

The following are the leading stories in the Wall Street Journal. Reuters has not confirmed these stories and does not vouch for their precision. - Mastercard said it would get cybersecurity business Tape-recorded Future in a $2.65 billion deal, as intelligence on cyberattacks handles higher importance amid growing hazards from hackers. - Amazon.com is putting billions of dollars towards the drivers that deliver its plans following union arranging activity among such employees. - Boeing's biggest labor union voted overwhelmingly to strike, halting production of its very popular jets and dealing the current blow to the struggling aerospace giant. - Mitsubishi...

Passenger Transportation Services

Cathay Pacific buys back warrants from Hong Kong government's 2020 bailout

Airline Cathay Pacific has actually bought back all warrants provided to the Hong Kong federal government in 2020, another step in repaying the federal government for a pandemicrelated recapitalisation package, the business stated on Friday. Cathay stated the buyback was for HK$ 1.53 billion ($ 196.2. million). At the end of July, the carrier performed a buyback of the. last part of HK$ 19.5 billion in preference shares provided to the. Hong Kong federal government as part of the HK$ 39 billion rescue bundle. in June 2020. It likewise paid a total of HK$ 2.44 billion in choice share. dividends....

Passenger Transportation Services

Boeing strike the current obstacle for struggling planemaker

Boeing's U.S. West Coast factory workers will stroll off the job after 96% voted on Thursday in favor of a strike, halting production of the planemaker's strongestselling jet as it wrestles with persistent output hold-ups and mounting debt. Here is a timeline of concerns surrounding Boeing: OCTOBER 2018: A Lion Air MAX aircraft crashes in Indonesia, eliminating all 189 individuals on board. NOVEMBER 2018: The FAA and Boeing say they are assessing the need for software application or style modifications to 737 MAX jets following the Lion Air crash. MARCH 2019: An Ethiopian Airlines MAX crashes, killing all 157 people...

Passenger Transportation Services

Financial Times - Sept. 13

The following are the leading stories in the Financial Times. Reuters has not confirmed these stories and does not vouch for their precision. Headlines - US and UK to discuss enabling Ukraine to utilize long-range rockets versus Russia - EU rejects Chinese EV makers' bid to avoid significant tariffs - EasyJet requires UK air traffic chief's sacking over ' continuous failure' to take on disruption - Starmer to prohibit television junk food advertisements after 9pm in public health drive Introduction - U.S. President Joe Biden will hold talks with British Prime Minister Sir Keir Starmer on Friday about whether to...

Passenger Transportation Services

Airlines suspend flights as Middle East tensions rise

Concerns over a broader dispute in the Middle East have actually triggered international airlines to suspend flights to the region or to prevent affected air area. Below are some of the airline companies that have adjusted services to and from the region: AIR ALGERIE The Algerian airline company suspended flights to and from Lebanon till further notice. AIRBALTIC. Latvia's airBaltic cancelled flights to and from Tel Aviv until. Sept. 15. AIR FRANCE-KLM. KLM cancelled all flights to and from Tel Aviv up until Oct. 26. The Franco-Dutch group's inexpensive system Transavia cancelled. flights to and from Tel Aviv till March...

Passenger Transportation Services

India, China discuss early resumption of passenger flights, Indian minister says

India and China discussed early resumption of direct passenger flights in between their 2 nations, India's Civil Aviation Minister Ram Mohan Naidu Kinjarapu stated on Thursday, in a sign that their air travel might recover after 4 years. Reuters reported in June that China was pushing India to reboot direct traveler flights, however New Delhi was resisting as a border stand-off continues to weigh on ties between the Asian competitors. Relations between the nuclear-armed neighbours, who share a mostly undemarcated Himalayan border, have actually been strained given that a military clash on their Himalayan frontier in 2020 killed 20 Indian...

Passenger Transportation Services

New york city Times organization news - Sept 11

The following are the top stories on the New York Times service pages. Reuters has actually not confirmed these stories and does not vouch for their precision. - Delta Air Lines stated the wing of among its aircrafts struck a regional jet while taxiing cab for departure at Atlanta airport, damaging both aircraft. - Volkswagen stated it was ditching a variety of labour contracts including an assurance of jobs up until 2029 at six German plants, raising the possibility of redundancies from next year that worker agents have actually promised to resist. - Southwest Airlines announced an overhaul of its...

Passenger Transportation Services

Iran turns down reports of weapons transfers to Russia as 'propaganda'.

Reports of Iranian weapons transfers to Russia are ugly propaganda to hide Western military assistance to Israel, Iran's foreign ministry stated on Tuesday, after Western powers said they would enforce brand-new sanctions on Tehran over the problem. The publication of incorrect and deceptive reports about the transfer of Iranian weapons to some countries is just an awful propaganda to conceal the big prohibited arms assistance of the United States and some Western nations for the genocide in Gaza, foreign ministry representative Nasser Kanaani said in a. post on X, without mentioning the new sanctions. U.S. Secretary of State Antony Blinken...

Passenger Transportation Services

US regulators probe Delta ground mishap at Atlanta airport

The wing of a Delta Air Lines plane struck a regional jet while cabbing for departure at the Atlanta airport on Tuesday, harming both airplanes, the airline and a federal agency stated. The accident led to extreme damage to the tail of the much smaller sized local jet. The Federal Aviation Administration and National Transportation Safety Board both stated they will investigate the event that occurred at the intersection of 2 taxiways around 10:10 a.m. EDT. The airline company stated the wing of a Delta Airplane A350 that was set to depart for Tokyo-Haneda struck the tail of an Undertaking...

Passenger Transportation Services

FAA examining Delta plane that struck tail of local jet

Delta Air Lines stated Tuesday the wing of among its planes struck a local jet while taxiing cab for departure at Atlanta airport, harming both aircraft. The Federal Air travel Administration stated it will investigate the event that occurred at the crossway of two taxiways around 10:10 a.m. ET. The airline company stated the wing of a Delta Plane A350 that was set to leave for Tokyo-Haneda struck the tail of an Undertaking Air CRJ-900 that was set up to department for LaFayette, Louisiana, resulting in damage to the tail of the local jet and the wing of the A350....

Passenger Transportation Services

India's SpiceJet states Carlyle Air travel will write off $40 mln of lease arrears

India's SpiceJet said on Tuesday that Carlyle Group's commercial air travel financial investment and servicing system will cross out $40.2. million of the airline's lease arrears and convert $30 million. of its arrears into equity. The conversion, at 100 rupees ($ 1.19) per share of SpiceJet,. is a 56% premium to its close on Monday. The budget carrier's shares leapt as much as 6% after the. announcement. The write-off comes days after the airline company stated it will. convert charges to Carlyle Aviation into equity and debentures. The. airline has been having a hard time to completely bring back operations...

Passenger Transportation Services

Indian guest airplane makes emergency landing in Turkey after bomb risk

A flight run by Indian Vistara Airlines made an emergency landing on Friday around 4.30 p.m. (1330 GMT) in Erzurum in eastern Turkey after a piece of paper with bomb on board composed on it was discovered in a. bathroom, Turkish Interior Minister Ali Yerlikaya stated on X. Two bomb disposal experts and one search dog were continuing. to search the airplane, Yerlikaya stated, adding that 234. guests and 13 crew had been safely evacuated. Vistara flight UK 27 operating from Mumbai to Frankfurt has. been diverted to Turkey due to a security issue that was noted. by our crew...

Ground Transportation

Ground Transportation

Emissions-free truck costs require to visit 50% to compete with diesel, study says

Costs of emissionsfree trucks need to fall by as much as half to make them an budget friendly alternative to diesel designs, a research study by consultancy firm McKinsey published on Wednesday stated, a needed step to assistance accomplish European Union climate targets. Less than 2% of the EU's heavy freight automobiles are now electrical and hydrogen-powered. To satisfy the bloc's carbon emission reduction targets, the share should rise to 40% of new sales by 2030, the research study launched before the IAA Transportation 2024 truck show in Hanover showed. Currently production costs for electrical trucks are 2.5-3 times greater...

Freight Logistics

Brazil's Modern Logistics aims to United States, Mexico, M&A for expansion

Brazilian cargo business Modern Logistics expects to get in the U.S. and Mexican markets in the next few months as it puts in location an expansion technique that will include looking at merger and acquisition opportunities in the brief to midterm. WHY IT is necessary Modern is a big player in the fast-growing cargo market in Latin America's largest economy, which has actually been increased in recent years by e-commerce and facilities financial investments. RESTRUCTURING Established in the 2010s by former Azul executives, Modern underwent a restructuring last year that saw previous FedEx executive Cristiano Koga selected as CEO. The...

Ground Transportation

Russian LME aluminium stocks account for 67% of total in August

The share of available aluminium stocks of Russian origin in storage facilities authorized by the London Metal Exchange (LME) increased to 67% in August from 65% in July, LME information showed on Tuesday. The share of aluminium of Indian origin slipped to 31% from 33%, the information revealed. On-warrant aluminium stocks in LME-registered storage facilities of all origins fell by 4% in August, a third month of decline after a surge in May. The May jump in stocks followed a decision by the LME to ban all Russian aluminium, copper and nickel produced from April 13 from its system to...

Transportation

Ground Freight

Ground Freight

China's Dongfeng to assess Europe sales prospects before plant choice

China's Dongfeng Motor Group needs to assess sales prospects in Europe before choosing the possible opening of a factory in the area, one of its magnates said on Thursday. Ma Lei, the general manager of Dongfeng worldwide business, was speaking at an item event in Turin, Italy, in the middle of efforts by the Italian government to convince Chinese automakers to produce in the nation. Rome has stated it remains in conversations with Chinese business consisting of Dongfeng and Chery Automobile. Talks with Dongfeng authorities about an automobile plant in Italy are at an advanced stage, sources stated in August....

Ground Freight

Microsoft names former GE CFO as operations chief

Microsoft on Thursday named previous GE finance chief Carolina Dybeck Happe as its primary operations officer. The visit comes at a time when Microsoft is aggressively pursuing the lead in the cloud services market, doubling down on AI investments to reinforce its cloud organization and close the gap with Amazon's Amazon Web Provider. Dybeck Happe, GE's finance chief since March 2020, was crucial in leading the business's turnaround. She stepped below the role in September 2023, but continued as senior vice president, finishing the spin-off of energy facilities system GE Vernova in April 2024. She has actually held finance head...

Ground Freight & Logistics

Blackstone to purchase Australia's AirTrunk in $16 billion deal

Blackstone will buy Australian data centre group AirTrunk for an implied enterprise value of over A$ 24 billion ($ 16.10 billion), it said on Wednesday, in what would be Blackstone's biggest financial investment in the Asia Pacific area. The alternative possession supervisor, along with the Canada Pension Strategy Financial Investment Board, is obtaining AirTrunk from Macquarie Asset Management (MAM) and the general public Sector Pension Investment Board (PSP). The deal requires approval from the Australian Foreign Investment Review Board (FIRB), offered the property is being bought by overseas parties. At $16.1 billion, the deal is the biggest buyout in Australia...

Ground Freight

Blackstone-led consortium nears $13.5 bln offer to obtain AirTrunk, source states

A consortium led by Blackstone is nearing an offer to get Australian data centre group AirTrunk for A$ 20 billion ($ 13.53 billion) consisting of debt, a. individual with knowledge of the circumstance said on Monday. Blackstone and its partner, the Canada Pension Plan. Investment Board (CPPIB), became the preferred purchaser for. AirTrunk, after outbidding a rival financier group, the person. stated, declining to be named as the info was private. The offer might be announced in the coming days, the person. said. Bloomberg initially reported the news on Monday, adding that. AirTrunk owners Macquarie Group and Canada's Public. Sector...

Ground Freight & Logistics

2 bidders lodge final deals for $A20 billion AirTrunk, sources state

2 bidding groups led by Blackstone and IFM Investors lodged final deals on Tuesday to purchase Australian data centre group AirTrunk in a transaction worth about A$ 20 billion ($ 13.55 billion), according to two sources with direct knowledge of the matter. Binding bids were due on Tuesday and AirTrunk, along with its advisors Macquarie and Goldman Sachs, is now taking a look at the offers, the sources stated. There is no deadline for choosing a. winning bid, among the sources added. Blackstone quote for AirTrunk along with consortium partner the. Canada Pension Investment Board (CPPIB), one source stated. The...

Ground Freight

Congo wants Trafigura partner Chemaf's deal with China's Norinco halted

The government of the Democratic Republic of Congo is opposed to a proposal by Chemaf SA to sell its copper and cobalt mines in the country to China's. Norin Mining, according to a document seen . Chemaf, a veteran partner of products trader Trafigura,. said in June it had actually consented to offer its mines in Congo to the. unit of Chinese state-backed defence and industrial giant, China. North Industries Corp (Norinco). Chemaf put itself up for sale in 2015 due to a cash crunch. that was stalling the expansion of its Etoile and Mutoshi. projects in Congo as cobalt...

Ground Freight & Logistics

New york city Times organization news - Aug 23

The following are the top stories on the New York Times organization pages. Reuters has not confirmed these stories and does not attest their accuracy. - The U.S. Department of Justice has actually begun a broad crook investigation into Americans who have worked with Russia's state television networks, indicating an aggressive effort to combat the Kremlin's influence operations leading up to the governmental election in November. - Nearly all rail freight traffic in Canada concerned a. standstill Thursday following a lockout by the nation's two. primary rail business of 10,000 employees, Canadian National. Train and Canadian Pacific Kansas city, the....

Ground Freight

Shanghai's new delivery rules catch up with leading sellers

Four sources with knowledge of the situation said that sellers who hoped to sell battery metal lead at the Shanghai Futures Exchange were forced to look for supplies overseas or to roll forward contracts after a change in specifications. ShFE declined comment. Shanghai's lead stocks are tightened despite the fact that the global market for lead is well-supplied. This is because the ShFE, in response to the stricter emission regulations in China battery makers, lowered in April the amount of bismuth allowed in lead. China became a net consumer of lead in July after being an exporter for years. The...

Ground Freight

Siemens picks Toyota's Vanderlande as purchaser for logistics system, sources say

Siemens has actually picked Toyota's Vanderlande as a purchaser for its airport logistics unit Siemens Logistics, 3 people knowledgeable about the bidding procedure told Reuters on Thursday. The precise terms are being negotiated and the deal is still pending Siemens' supervisory board approval, two of the sources stated. Both Siemens and Vanderlande decreased to comment on the matter. Vanderlande, owned by Japan's Toyota Industries since 2017, is a Dutch manufacturer of baggage conveyor belts and parcel-sorting systems used in more than 600 airports around the world. It employs 9,000 individuals and makes 2.2 billion euros ($ 2.45 billion) in annual...

Ground Freight & Logistics

New York Times organization news - Aug 22

The following are the top stories on the New York Times organization pages. Reuters has actually not confirmed these stories and does not vouch for their precision. - Rail freight traffic in Canada came to a standstill early Thursday as the country's two main rail business, Canadian National and Canadian Pacific Kansas City, locked out about 10,000 employees due to a labor disagreement, a move that could trigger supply chain disturbances in the United States and serious economic repercussions within Canada. - Ford Motor said on Wednesday that it is once again slowing the rate of its investments on brand-new...

Ground Freight

UAE's Etihad Rail launches sustainable finance framework in green push

Etihad Rail, the designer and operator of the United Arab Emirates' rail network, has actually introduced a sustainable financing framework to support its green financial investments in transportation and infrastructure, it said on Wednesday. The business said the structure would connect future funding to its ecological, social and governance method, supplying standards on potential investments in areas such as clean transport, green structures and pollution avoidance and control. Etihad Rail's statement, which gave no more details on prospective investments, said that the framework offers guidelines around green loan and bond concepts, using proceeds, job assessment and selection, along with proceeds...

Ground Freight

Share of Russian aluminium in LME warehouses rose to 65% in July

The share of available aluminium stocks of Russian origin in warehouses authorized by the London Metal Exchange increased to 65% in July from 50% in June while the share for Indian origin was up to 33% from 40%, LME information revealed on Monday. On-warrant aluminium stocks in LME-registered storage facilities of all origins fell by 23% in July, with Monday's. information showing that most of that outflow was Indian metal. Russian aluminium stocks on LME warrant - a title document. conferring ownership - edged as much as 233,775 metric lots last. month from 232,350 in June, the information showed. Stocks...