Transport Infrastructure








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North America

Transport Infrastructure

Grupo Mexico, U.S. partner eye Argentina grain freight network in Milei privatization push

Mexico's Grupo Mexico Transportes (GMXT), has signed a contract with the United States. Wabtec, a rail technology company, will bid jointly for Argentine's state-run cargo operator Belgrano Cargas y Logistica BCYL (BCYL), a GMXT employee said on Thursday. Source requested anonymity as they were not authorized by GMXT to discuss the deal. The privatization of BCYL, which is proposed by President Javier Milei, is part of his drive to transfer state owned companies into private ownership. Argentina will soon publish the documents for the privatization of BCYL. BCYL operates three of the largest freight trains in Argentina. The company didn't...

Transport Infrastructure

US and Canada delay opening new bridge after Trump raised concerns

U.S. president Donald Trump had threatened earlier this year to block the crossing. The U.S. government and Canada have now decided to postpone the opening of the $4.7 billion bridge that connects Detroit, Michigan and Windsor, Ontario. According to invitations, a formal ribbon-cutting was planned for Friday at the Gordie Howe international bridge. Windsor-Detroit Bridge Authority: "Canada and the United States agreed to delay opening the bridge. They will take the time necessary to resolve any outstanding issues." WindsorMayor Drew Dilkens told X that although officials wanted to?see this bridge open, Canada did not have to beg for it. Pete...

Transport Infrastructure

India reports an incident with a vessel near Oman

The Indian Embassy in Oman reported that India had?reported a ship incident off the port of Shinas in Oman earlier Thursday. This was a day after a U.S. led attack on another vessel killed three Indian seafarers. This was the third incident of this kind in the last week. The U.S. military claimed to have attacked MT Marivex, and?Settebello. Both vessels were manned by Indian seafarers. The Indian Embassy in Oman has not specified if there were Indian seafarers aboard the vessel that was involved in the incident on Thursday. The Indian Embassy in Oman posted on social media that...

Transport Infrastructure

FAA: red obstruction lights needed for Trump Arch in Washington

The U.S. agency said that the proposed '250-foot (76m) tall Independence Arch of President Donald Trump would require red safety lights, but it 'would not have any impact on safety at Reagan Washington National Airport. Federal Aviation Administration will conduct an aeronautical study next in coordination with National Park Service. According to the preliminary review, Washington's arch would require red obstruction lights. The arch would be 3,000 feet from Reagan National Airport and in the main departure and approach corridor. The FAA requires that buildings over 200 feet from airports have red blinking warning lights to alert?pilots during the night....

Transport Infrastructure

The new US-Canada Bridge is nearing completion despite Trump's earlier threats

The new $4.7 billion bridge between Detroit and Windsor in Ontario is set to open within the next few weeks, according to a bridge authority on Monday. This comes despite President Donald Trump's threat to block its opening in February. Sources say a formal ribbon-cutting will take place later this week. Detroit media outlets reported that the Gordie-Howe International Bridge was expected to be open for traffic on June 15, according to reports. In February, Trump cited Canada's refusal to allow some U.S. alcohol products to be sold in Canadian stores, Canada's tariffs for dairy products, and Canada's trade talks...

Transport Infrastructure

Senators want to investigate the US Transport chief's road trip, which was paid for by corporate donors

A group of six Democratic Senators demanded on Monday that the government 'investigate' U.S. Transportation Sec. Sean Duffy after he took a road trip to film a family vacation filmed for a web video series financed by corporate donors whose firms his department regulates. The Senators Patty Murray and Elizabeth Warren asked the DOT Office of Inspector General for a review of the video series. They said Duffy's actions raised "serious concerns about the use of funds and possible misconduct." Nate Sizemore is a Duffy spokesperson who called the "witch-hunt" an effort and claimed that career ethics officials had cleared...

Transport Infrastructure

Why the Houthis, who are Iran-aligned, could have a greater impact on the oil market than previously thought

The Houthis, who are aligned with Iran in Yemen, announced on Monday they would bar ships from the Red Sea that were linked to Israel after Israel re-launched its military strikes?on Iran. This has added to global concerns over shipping and energy flow. Here's why and what it means for the Iran war and global energy crisis. How big is the risk to global energy markets? Iran's closing of the Strait of Hormuz after?Israel attacked and the United States on February 28?has disrupted the majority of oil and energy exports out of the Gulf. This has caused a major energy...

Transportation

FAA cancels San Francisco International Airport's short ground stop

The?U.S. The?U.S. According to a FAA notice, the ground stop was from 9:53 pm to 11:15 pm PDT (0435 - 0615 GMT on Monday). The ban was lifted a little before the end. The airport didn't immediately respond to our request for a comment. According to the airport's website, more than 54 million passengers will travel through SFO by 2025. The airport is home to many airlines, including United Airlines. It also offers many international flights from and to Asia. The FAA announced in March that it would be imposing new safety restrictions on SFO. These would restrict?some landings, and...

Transport Infrastructure

Trump will build a Lincoln Memorial promenade in Washington as part of the Washington revamp

Donald Trump announced on Thursday that a promenade would be built onto the Lincoln Memorial, the latest of a number of construction projects Trump has undertaken in the U.S. Capital. Trump said to reporters at the White House that he didn't want it to be called the Trump Promenade. He did not elaborate on who asked to name it for him. Lincoln Memorial is one of Washington's iconic landmarks. It honors the president who led America through the Civil War. The Lincoln Memorial is located at the western end the National Mall overlooking the Reflecting pool, which Trump has also...

Transport Infrastructure

Official: US Postal Service is not expected to run short of cash in the next year

?The U.S. Postal Regulatory Commission informed?lawmakers on Thursday that it did not believe that the financially troubled Postal Service would run out of money next year. However, it has significant issues to address. Robert Taub is the vice chair of the Postal Service oversight commission. He told a U.S. House Subcommittee recent actions taken to provide financial relief had extended the period before USPS "reported its insolvency". This would be by several more years if the Postal Service made key decisions regarding its expenditures. We as a nation must act, given the Postal Service’s dire financial condition. "I don't believe...

Transport Infrastructure

Report: US investor Castlelake contacts MSC to bid for easyJet

Corriere della Sera, an Italian newspaper, reported that Castlelake, a U.S. investment company, is interested in MSC, which is the largest shipping group in the world, as a possible partner for a takeover bid of 'British budget airline easyJet. EasyJet's shares were up by 2.3% at 0803 GMT. They are up about 15% since Castlelake announced last week that it is in the preliminary stages of considering an easyJet takeover. The price would be over 403.23 pence a share. According to British takeover rules, the firm only has until 26 June to either make a bid or walk away. Analysts...

Transportation

World Cup offers North American transit the chance to shine or be booed

For some North American rail and bus operators, the 2026 World Cup will be their biggest audition. Some ground transportation companies are warming up for a new audience. With gasoline and airfare prices on the rise, long airport security lines, 104 World Cup games in 16 cities across four time zones, in the United States and Canada, they say that they want to win the hearts of this new audience. Conan Cheung is the chief operations officer of LA Metro, which operates the public transport system in the Los Angeles area. This event will show visitors from abroad that California...

Europe

Transport Infrastructure

After Alpine appeal, motor racing penalties in Monaco are being reviewed

On Thursday, two time penalties for pitlane speeds that cost Pierre Gasly the podium at last weekend's Monaco Grand Prix were being reviewed after it was revealed Formula One made a measurement error. In a statement made at the Barcelona-Catalunya grand prix, the Stewards stated that the Frenchman’s Renault-owned Alpine Team was able to submit a petition for review in both cases. A second hearing could be held. The stewards also accepted that there were significant new elements that they did not have at the time the decisions were made last Sunday. Alpine argued that the stewards were not aware...

Transport Infrastructure

Gasly's Monaco penalty is reviewed by the Alpine team and cleared of its first hurdle

The Alpine Formula One Team has overcome the first hurdle in a review of the Monaco Grand Prix pit-lane speeding penalties which cost Pierre Gasly his podium place. Stewards said in a statement the petitions for review were admissible and that they accepted that there was an important and new element which was not available to them when the decisions were made last Sunday. The virtual hearing moved on to the second stage of the event ahead of the "Barcelona-Catalunya Grand Prix". Renault-owned Alpine argued that the stewards were not aware of the 'issue' with the timing loops on the...

Transport Infrastructure

Bousso: Reopening of the ROI-Hormuz could be OPEC’s downfall

Saudi Arabia and its neighbours in the Gulf will celebrate the eventual reopening of Strait of Hormuz. But the ensuing oil flood could erode OPEC’s fragile grip on the markets. The Iran War and the closing of the vital waterway, through which nearly one fifth of world oil and gas passed before the conflict, have dramatically reduced the output of the Organization of Petroleum Exporting Countries and shifted the industry's center of gravity away. Riyadh has limited options to counter these changes. The strait is not expected to reopen anytime soon, and it's unclear what the conditions will be. Iran...

Western Europe

Middle East

Passenger Transportation Services

Riyadh Air, a Saudi-backed airline, lands its maiden flight amid the Iran conflict

Saudi Arabia's Riyadh Air, a new airline in Saudi Arabia, launched its first London flight on Wednesday using its new Boeing fleet. CEO Tony Douglas played down the impact of Iran conflict saying that the startup would benefit if travellers avoided other parts of Gulf. As the aviation industry struggles to cope with the impact of war in the Middle East, and rising jet fuel prices, the state-backed carrier has launched its first service from London Heathrow using one of its Boeing 787 Dreamliners. Douglas claimed that Riyadh Air’s smaller fleet offered some protection from the crisis. Douglas said, "I...

Passenger Transportation Services

Italy reduces its reliance on imported jet fuel amid disruptions caused by the Iran war

Senior officials from the fuel producers and airport operators in Italy said that the refineries had increased jet fuel production this year to reduce the risk of a shortage for the airline industry due to the 'Iran War. The Strait of Hormuz closure has caused global jet fuel supplies to be disrupted, which has led to higher prices and forced suppliers of cargoes to reroute their shipments. According to the head of fuel producers' union UNEM, Italy imported 50% of its?5million tons of jet fuel annually. By 2026, it will increase domestic production to 70% to meet demand. UNEM President...

Transport Infrastructure

Fifth Qatari-controlled LNG tanker exits Hormuz strait

Ship-tracking data revealed that a fifth Qatari LNG tanker?transited the Strait of Hormuz carrying a cargo. This brings the total to nine?LNG vessels which have?exited this waterway with a cargo since the onset of the 'war. According to Kper and LSEG, the Al Daayen was controlled by QatarEnergy. It was spotted on ship-tracking data around June 4-5 off the coasts of Qatar. On Monday, it reappeared in ship-tracking data that showed the vessel east of the Strait and heading towards?China. According to Kper, the tanker reportedly loaded a cargo?on 1 June at Qatar's Ras Laffan Terminal. According to Vortexa, an...

Freight Logistics

What does the Houthis' threat to attack Red Sea shipping mean for the oil markets?

The Houthis, who are Iran-aligned in Yemen, announced on Monday they would stop ships from Israel leaving the Red Sea. This comes after Israel re-initiated its military strikes against Iran. Here's why it matters, and what it means to the Iran War and the global energy crisis. How big is the risk to global energy markets? The Iranian closure of the Strait of Hormuz, since Israel and the United States attacked it on February 28, has disrupted the majority of?oil exports and other energy from the Gulf. Prices have risen and there's been a major energy shock. Saudi Arabia responded...

Transport Infrastructure

UAE markets benefit despite the stalled US/Iran peace talks

The stock markets of 'the United Arab Emirates' closed higher on Friday. Dubai outperformed its regional peers despite the fading hopes of a diplomatic breakthrough between Israel and the U.S. Hezbollah, a militia backed by Iran, rejected a ceasefire on Thursday in?Lebanon and Israel announced it?wouldn't withdraw troops from the?country?undermining U.S. president Donald Trump's attempts to halt fighting?and achieve a peace?deal? with Tehran. Dubai's main index of shares rose by 0.9%, boosted by gains in the industrial and utilities sectors. Salik Company, a toll operator, increased by 1.6% while Emirates Central Cooling Systems grew 2.5%. Abu Dhabi's benchmark indices settled...

Passenger Marine Transportation

Pentagon: US forces board a sanctioned oil tanker in the Indian Ocean

The U.S. Indo-Pacific Command announced on Friday that U.S. forces had seized the stateless sanctioned oil tanker Davina in the Indian Ocean overnight. Washington has placed a sea blockade against Iran, while Tehran has fired at ships to stop them from?sailing? through the Strait of Hormuz and entering the Middle East Gulf. In recent months, U.S. forces intercepted "multiple commercial and petroleum tankers" in the Indian Ocean. Indo-Pacific Command posted on X that "we will continue to enforce global maritime law to?disrupt illegal networks and 'interdict vessels providing materials support to Iran wherever they operate". According to data from ship...

Transport Infrastructure

Major Gulf markets gain on US-Iran peace deal hopes

The major Gulf stock exchanges rose slightly on Thursday in the early trading after Israel and Lebanon agreed to implement ceasefire. This boosted optimism for a larger deal to end the U.S. War with Iran, even though tensions were simmering. A joint statement issued by the U.S. State Department following talks in Washington said that the Israel-Lebanon truce is conditional on the complete cessation from fire of the Iran-aligned Hezbollah and the evacuation?of all their operatives?from the South Litani Sector. Donald Trump, the U.S. president, suggested Wednesday that progress could be made in negotiations with Iran by this weekend. Iran...

Transport Infrastructure

ADNOC resumes exports of naphtha via an alternative route to Oman, traders claim

The price of Asia's naphtha fell to its lowest level since early March, as the Abu Dhabi Oil Company (ADNOC), resumed exports via the Omani port in Sohar. This could provide an alternative supply route, which would ease the supply shortage caused by the U.S./Israeli war against Iran. ADNOC stopped exports of around 1 million metric tonnes per month of petrochemical feedstock to its Ruwais Refinery in April, after the war curtailed shipping via the Strait?Hormuz. Last month, the United Arab Emirates producer resumed its exports by using tankers to transport cargoes to the?refinery within the Gulf and then transferring...

Transport Infrastructure

ADNOC resumes exports of naphtha via an alternative route to Oman, traders claim

The price of Asia's naphtha has fallen to its lowest level since early March, as Abu Dhabi National Oil Co (ADNOC), resumed exports via the Omani Port of Sohar in May, according to traders. This could provide an alternative supply route, which would ease the supply crisis caused by the U.S. and Israeli war against Iran. ADNOC stopped exports of petrochemical feedstock of around 1 million metric tonnes per month from its Ruwais Refinery in April, after the war curtailed shipping via the Strait of Hormuz. Last month, the United Arab Emirates producer resumed exports by using tankers to transport...

Transport Infrastructure

MSC confirms crew is safe after vessel was hit by projectiles on Monday in Iraq's Umm Qasr Port

MSC, the world's largest shipping company, announced on Tuesday that its Sariska V vessel was struck by two projectiles in Iraq's Umm Qasr Port on Monday. All crew members were uninjured and safe. The company claimed that the Iranian Revolutionary Guard had taken responsibility. MSC said the incident was an unprovoked attack against a neutral commercial airline?with no affiliation with the United States or Israel. In a press release, the group stated that it was "deeply concerned" by the unprovoked attacks. It also expressed concern about the danger they pose to innocent seafarers in the region and maritime trade. Iran's...

Passenger Transportation Services

Airport chief: US military aircraft affecting Israeli commercial activity

Ben-Gurion International Airport near Tel Aviv is operating at only one-third capacity because of the presence of U.S. fuelling aircraft. This could lead to heavy flight cancellations in summer, according to the head of Israel Airports Authority. Director general Sharon?Kedmi told Kan's Reshet Bet that the military activities at the airport are limiting 70% of airport activity. He said, "We only use one-third the operational capacity of the airport." "We have reached the limits of our abilities." We will cancel some flights in the next few days. He added that foreign carriers would not be able to return in the...

Transport Infrastructure

State media reports that Syria has signed a deal with CMA CGM for the operation of two dry ports.

Syria's General Authority for Borders and Customs (GABC) has signed an agreement with French shipping and logistics group CMA CGM to operate two dry ports in the free zones around Damascus. The agreement covers the management and operations of the dry ports in support of logistics and trade. The deal coincided with the launch a trial freight rail linking Syria's main maritime access port,?Latakia, to Adra, after a 14-year stop due to the Syrian Civil War. CMA?CGM did not immediately respond to a request for comment. This agreement is a follow-up to a separate contract signed by CMA CGM in...