Transport Infrastructure

The two groups announced on Monday that Italy's state-owned Ferrovie dello Stato has entered into a partnership with U.S.-based investment firm Certares to develop high-speed?train?services? in France & other European countries. FS and Certares have announced that they will form a joint-venture and invest 1 billion 'euros ($1.18billion) in order to expand operations of FS's Paris based Trenitalia France division on the French, British and 'other foreign markets. The partnership is part a broader strategy of FS to strengthen 'its international network' in the coming years. The agreement will help Trenitalia France, which operates high-speed services from Paris to Lyon...

Mexican authorities said that on Sunday, at least 13 people were killed when an Interoceanic Train?derailed?in the southern state of Oaxaca. The Mexican Navy reported that the train derailed near Nizanda was carrying 250 passengers, including nine crew and 241 passengers. Of the 193 passengers, 193 were reported as being in a safe condition, while 98 others were injured. Claudia Sheinbaum, the president of X, said that five of the injured are in critical condition. She added that senior officials have been dispatched to the scene to help the families. In a post on social media, Ernestina Godoy Ramos, Mexico's...

California has dropped its lawsuit against the Trump administration's decision to?cancel over $4 billion of federal grants for California's high-speed railway project. The state announced this late Friday. California High-Speed Rail Authority said that Tuesday's decision to drop the lawsuit reflects the state's "assessment" that the federal government was not a trustworthy, reliable or constructive partner for advancing high-speed railroad in California. The agency stated that it will move forward without federal funding. It added that only 18% program expenditures have been funded by federal funds. A judge rejected an attempt to dismiss the lawsuit?this month. The U.S. Transportation Department...

Flight tracking website FlightAware reports that airlines in the United States have canceled or delayed a large number of flights on Friday during peak holiday travel due to severe weather warnings. The website reported that 1,139 flights were cancelled and 3,808 flights were delayed by 12:30 pm ET. National Weather Service issued a warning this afternoon about winter storms that "will create hazardous travel conditions from the Great Lakes into the northern Mid-Atlantic region and southern New England today through Saturday morning." Airports that are in areas of high impact, such as John F. Kennedy Airport or LaGuardia Airport, have...

Flight tracking website FlightAware reports that airlines in the United States cancelled or delayed thousands of flights on Friday during peak holiday travel due to severe winter storm alerts. As of 12:01 p.m. ET, 1,097 flights had been?cancelled and 3,608 were delayed. ET, according to the website. The National 'Weather Service' issued a warning of winter storms today afternoon, which "will cause dangerous travel conditions for the Great Lakes into northern Mid-Atlantic & southern New England from today until Saturday morning." Airports such as 'John F. Kennedy Airport' and Detroit Metropolitan Wayne County Airport have also posted on X to...

Amazon's self driving unit Zoox has recalled 332 vehicles from the?U.S. The U.S. National Highway Traffic Safety Administration announced on Tuesday that a software error in automated driving systems (ADSs) was the reason for the recall. Zoox has recalled ADS vehicles equipped with software versions that were released prior to December 19, NHTSA said. They added that, at intersections or near them, Zoox vehicles may drive across the yellow line or stop in front of oncoming traffic. This increases the risk of a collision. NHTSA said that the company had updated its ADS software at no cost. In May, it...

A Senate report released late Monday stated that the next generation of 'high-speed'?Acela trains from U.S. passenger rail Amtrak were delayed for more than four year due to issues with planning, design, and track, as well as a desire to increase speeds, which has not been realized. Ted Cruz, Republican chair of the Senate Commerce Committee, stated that Amtrak lost $287m in revenue and unplanned maintenance due to the extended use of its older Acela fleet. According to the report, the Biden administration purchased Amtrak cars in order for them to run on tracks that were not yet constructed. This...

Uber and Lyft have teamed up with Chinese technology company Baidu in order to test self driving taxis in the UK by 2026. They are the latest ride hailing platforms to team up with self-driving car firms. Robotaxis is expected to become a safer form of transportation that reduces operational costs through reducing the reliance on drivers, and by optimizing routes using real-time data. Robotaxi services are being tested in several cities and countries, including robotic food delivery, daily travel and last-mile logistics. Here are some of the most significant robotaxi trials, tests and operations worldwide: UBER, LYFT, AND BAIDU...

Boeing has asked the Federal Aviation Administration to waive the airplane emission rules so that it can sell an additional 35 Boeing 777F Freighters. The company cited strong customer demand as well as a delay in the certification of the next-generation aircraft. The new rules will come into effect in 2028. Boeing stated that the next-generation Freighter 777-8, which is expected comply with the limitations, will not be available until after this date. Boeing stated that the waiver would enable it to meet customer demand before the 777-8F enters service. Boeing stated that it would seek approval by May 1....

After inspections raised safety concerns about the English skills of some staff, the U.S. Transportation Department announced Friday it would place restrictions on Mexican train crews operating in the United States. Federal Railroad Administration of the Department sent letters to Union Pacific and Canadian Pacific Kansas City Limited on Friday after inspectors found that inbound crews appeared to be having difficulty understanding bulletins and communicating with inspectors safety requirements in English. The Department of Transportation?said that uncertified crews operating trains for the two railroads in the U.S. could not travel more than 10 miles from their entry point. They must...

Union Pacific and Norfolk Southern filed a nearly 7,500-page merger request with the U.S. Department of Justice on Friday. Surface Transportation Board (STB) will now have 30 days to review the plan and request more information. It can also propose some initial remedies. The filing opens up a formal response window for all stakeholders, including shippers and labor unions as well as rival railroads and consumer advocates, to comment on the $85 billion deal. In July, analysts and executives in the industry were surprised by the merger agreement between Union Pacific and Norfolk Southern. The analysts said that a merger...

Union?Pacific filed a merger application of nearly 7,000 pages with the U.S. Department of Justice on Friday. Surface Transportation Board (STB) will now have 30 days to review the plan and request more information, or make initial "remedies" as it evaluates the creation of the nation's only coast-to-coast railroad. The filing opens up a formal response window for all stakeholders, including shippers and labor unions as well as rival railroads and consumer advocates, to comment on the $85 billion deal. In July, analysts and executives in the industry were surprised by a merger agreement between Union Pacific and Norfolk Southern....

Three traders reported a record discount of $7 to $8 per barrel for Russian ESPO blend crude delivered in Chinese ports in January compared to?ICE Brent, due to the pressure from Western sanctions on this?grade. The deeper discounts have revived interest in buying, especially among China's independent private refiners known as "teapots". Earlier in December, ESPO discount prices at Chinese ports ranged from $5 to $6 per barrel as refiners stayed out of the market following harsh Western sanctions against Russian oil majors Rosneft, and Lukoil. Beijing has issued new import quotas and cheaper barrels to lure private refiners back...

Seven people were killed and 15 injured in a Russian missile strike on Friday night, late at night, against port infrastructure around the Black Sea port city of Odesa. Oleksiy Kuleba, Deputy Prime Minister Oleksiy Kuleba's Telegram post said: "Russia attacked port infrastructure in Odesa with ballistic missiles late at night." Oleh Kiper, regional governor of Kuleba-Odesa, said preliminary reports indicated that seven people were killed, and fifteen injured. According to a?source with knowledge of the matter, the attack took place at Pivdennyi - one of the three ports in the region. Odesa is a major exporter of Ukrainian grain,...

Three sources have confirmed that the Russian government has ordered Russian Railways to dispose of a central Moscow skyscraper with 62 floors to help pay down some of the $50 billion debt owed by this railway monopoly. Last month, it was reported that the?government? is discussing ways to support Russia's largest commercial employer. The state-owned Russian Railways employs 700,000 workers and has seen its revenues fall amid the sharp slowdown of Russia's wartime economy. Meanwhile, debt costs are on the rise, driven by interest rates that have reached their highest levels in 20 years. A government meeting held last week...

A Belarusian accused of bombing two trains in Siberia at the order of Ukraine's Intelligence Services was jailed on Thursday for 22 years by a military court. The General Prosecutor announced that Sergei Yeremeyev had been found guilty of committing an act of terrorism, and planting explosives in two freight trains, including one which was traveling through Russia's largest conventional rail?tunnel, at the time. The FSB?said that Yeremeyev admitted his 'guilt' at the time of arrest. Security Service of Ukraine (SBU), which claimed responsibility for the two attacks, said that it wanted to disrupt rail lines in Siberia, which Russia...

Ukraine's Navy accused?Russia on Saturday of attacking a civilian Turkish vessel carrying sunflower oil to Egypt with a drone, just a day after Moscow attacked two Ukrainian ports. The navy released a statement via Telegram stating that the vessel was named the Viva, and it had 11 'Turkish Citizens on board. The navy added that no one was injured and the vessel continued its journey towards?Egypt. The statement accused Russia of violating maritime law. "The strike took place 'in the open sea in Ukraine’s exclusive economic zones, outside of the range of Ukrainian aircraft defence systems," it said. The Navy...

Five shipping and insurance sources reported on Thursday that the cost of war insurance for ships sailing into the Black Sea has increased again. Insurers are reviewing policies every day as the conflict in Ukraine spills over onto sea lanes. Black Sea is vital for shipping grain, oil and oil-based products. Bulgaria, Georgia and Romania, as well Russia and Ukraine, share its waters. Hakan Fidan, the Turkish Foreign Minister, said on Wednesday that recent attacks on Russian-linked tankers on the Black Sea threatened the safety and security of everyone in the region. Ships entering Russian or Ukrainian Black Sea terminals...

The Turkish maritime authority reported on Tuesday that a Russian-flagged oil tanker, sailing from Russia to Georgia with sunflower oil loaded aboard, was attacked near the Turkish coast. However, its 13 crew members were not injured. The Maritime Affairs Directorate reported that the vessel MIDVOLGA-2 had been attacked 80 miles (129 kilometers) off the Turkish coastline, but it did not request assistance. It was heading towards the Sinop port in Turkey. The report did not give any other details. Last Friday, Ukrainian drones targeted two tankers that were sanctioned in the Black Sea, as they approached a Russian port with...

After a drone attack that severely damaged the loading infrastructure and halted oil exports, Kazakhstan asked Ukraine to stop attacking its Black Sea terminal, which is used by the Caspian Pipeline Consortium. This terminal handles more than 1 percent of all global oil. CPC, which has shareholders from Russia, Kazakhstan and the United States, announced that it had stopped operations after an attack by a Ukrainian drone on a mooring in its Russian terminal at the Black Sea caused significant damage. In an effort to undermine the Russian war economy, Ukraine launched a wave of attacks this year on Russia's...

The city's mayor reported that Russian air defences destroyed eight drones on their way to Moscow, just a day after an attack by Ukraine on a heat and power station had cut off the heating for thousands of people outside the Russian capital. According to the Russian Defence Ministry, 10 Ukrainian drones were downed in three Russian regions, including Moscow and Kaluga, as well as Bryansk which borders Ukraine, on Monday. In a press release, Moscow Mayor Sergei Sobyanin stated that emergency services are working on the site of the drones. The drone attack on the Shatura Power Station in...

Sources say that the differentials between Russian Urals crude and other grades are under pressure due to the weakening value of the grade in India's ports. Three sources in the oil trade reported that discounts for Russian Urals crude have tripled in Indian ports since August compared to Brent dated as U.S. sanction drive key buyers from Moscow-supplied fuel. According to traders, the December Urals cargoes are currently trading at a discount of $5-$6 per barrel compared to Brent. This is about three times greater than the $1-2 seen in August. PLATTS WINDOW There were no bids or offers reported...

The Prime Minister Donald Tusk announced on Tuesday that Poland had identified two individuals responsible for the explosion that occurred on a rail route leading to Ukraine. He added that these were Ukrainians that collaborated with Russian intelligence, and that they fled to Belarus. The explosion on the Warsaw-Lublin Line, which connects Poland's capital with the Ukrainian border, came after a wave arson, cyberattacks and sabotage in Poland and other European nations since the beginning of the conflict in Ukraine. Warsaw said that Poland is now one of Moscow's main targets because it acts as a hub to aid Kyiv....

Rostec, a Russian state-owned conglomerate, said that on Tuesday its defence exports had fallen by half since the year 2022 due to domestic orders becoming a priority in light of the conflict in Ukraine. However, Rostec expects a recovery within upcoming months. Sergey Chemezov, Rostec's chief executive officer, told reporters that until 2022 Russia ranked second in the world in terms of defence exports after the United States. However the volume has dropped "because we had to supply the majority of our production to our own army". He said that sanctions have caused problems in both the civil and defense...