Logistics News

Ryanair CEO: Winter fares could rise after a slight increase

Michael O'Leary, Chief Executive Officer of Ryanair, boosted the airline's forecast for average fares on Thursday. He said they could?rise?slightly?this winter, following a'mild increase' since July. However, this outlook was heavily dependent on oil prices. As oil prices rose, the airline's costs increased. The result was a drop in profit in its last quarter. O'Leary, on Thursday, said that since then, fares have risen "by a very low single digit" percentage year-over-year. O'Leary said at a press conference that there had been a "slight upturn" in the last month. He said it was impossible to determine what caused the increase
Transport Infrastructure

Ryanair's O'Leary accuses UK Air Traffic Control boss of lying about outage
State media: At least 20 dead in fire on cargo ship at China shipyard

State media reported that at least '20 people were killed and five more are still missing in an 'incident aboard a foreign cargo ship undergoing repairs?at a government-owned shipyard located in the eastern Chinese city of Qingdao. Xinhua reported that the fire started at around 11:15 a.m. during repairs and inspections at the Qingdao Beihai Shipyard. Twelve of the 42 passengers were evacuated safely and five others were hospitalised. State media reported that the fire was out by early afternoon. A photo of the scene, released by Xinhua, showed?the Ocean Melody as the vessel involved. LSEG'ship-tracking data' identified it as
LNG Transportation

Maguire, Where global LNG and gas infrastructure is growing
Transnet, South Africa's largest freight transporter, returns profit from asset sales and increased volumes

Transnet, the state-owned South?African logistics group, reported Thursday a profit of 4.6 billion rands ($286.05 millions) for the fiscal year ending March 2026. This is the first profit it has made in the last four years. In a press release, the?group of freight rail ports and pipelines said that the profits were mainly due to the sale of its 'Pier 2 terminal as well as an increase in rail and pipe volumes. Due to equipment shortages, and maintenance backlogs, the debt-ridden company has been holding back growth in Africa’s largest economy for years. The performance of the company has begun
Passenger Transportation Services

Dealmaking in the aerospace sector accelerates as jet production increases

According to data from the industry and interviews with decision makers and suppliers, mergers and acquisitions in the aerospace industry are increasing as buyers gain more confidence in long-term demands due to clearer Boeing and Airbus schedules. Through August, the aerospace and defense investment bank Janes Capital Partners, which focuses on commercial aerospace, tracked 154 publicly-disclosed commercial aerospace transactions in this year. This is just a few short of the record of 159 that was set in 2019. Buyers target suppliers who have specialized manufacturing abilities, scarce workers and the capacity to meet an increasing jet production. The major manufacturers
Russian forces hit Kyiv petrol station, injuring four

Poland and Baltics look to protect energy assets after undersea cable cuts

The Baltic states are working with Poland to protect the energy facilities they need as they decouple their power grids from Russia, Lithuania's energy minister told Reuters, following damage to undersea cable televisions in the area. Polish and baltic state-run power grid operators are working on an arrangement to guarantee the smooth running of the decoupled system, and how to repair it if needed, Zygimantas Vaiciunas said in an interview...

Transport Infrastructure

Indonesia will transfer control of a China-funded rail next year

Indonesia's Finance Minister said that the sovereign wealth fund INA or an agency within his ministry would take control next week of the company operating a $7.3 billion high-speed rail funded by China. Indonesia's first bullet train, covering 142 km (88 miles) from Jakarta to the city of Bandung in 2023. This was eight years after the contract was awarded jointly by Indonesian and Chinese companies. The Belt and Road Initiative, also known as "Whoosh", has faced a number of?problems including ballooning costs. Indonesia and China began talks in 2025 to restructure?project debt. Purbaya Yudhi Sadewa, the Finance Minister of...

Indian steel prices to increase further due to rising coking coal prices and demand revival

Executives and analysts expect Indian steel prices to increase 'further' in the upcoming?weeks due to a pickup in demand for infrastructure?and?automotives following the monsoon. Meanwhile, higher coking coal prices will raise production costs at mills. While higher prices may help mills recover from margins squeezed due to rising coking coal costs but input costs for infrastructure, construction, and auto companies are increasing as demand increases. Government data revealed that mills in India, which is the second largest producer of crude steel after China, reduced prices for products like hot-rolled coils (HRCs) by 280 rupees per metric ton. According to commodities...

BHP and union talks for Port Hedland Iron Ore Workers to Stretch into Next Week

The parties announced on Tuesday that talks between BHP and the?unions who represent workers at BHP's iron ore mines in Western Australia, Port Hedland, ended without a deal. Further?negotiations are scheduled for next week. In recent months, the three unions that make up the Combined BHP Ports Unions met almost weekly to negotiate a four year agreement with the third largest iron ore mining company in the world. The Fair Work Commission, which is the regulator for the industry, will facilitate next Tuesday's talks. BHP released a statement saying that "Today, we presented a strong and updated proposal which is...

BHP and union talks for Port Hedland Iron Ore Workers to continue into next week

The parties announced on Tuesday that talks between BHP, and the unions representing the workers at the Port Hedland iron ore operations of the mining giant in Western Australia, ended without a deal. Further negotiations are scheduled for next week. In recent months, the three unions that make up the Combined BHP Ports Unions met almost weekly to negotiate a 4-year contract with?the third largest iron ore mining company in the world. The Fair Work Commission, which is the regulator, will facilitate next Tuesday's talks. BHP released a statement saying that "Today, we have tabled a powerful and updated proposal...

North Korea and Russia Open their First Road Bridge, A Symbol of Expanding Ties

North Korea and Russia opened their first bridge on Monday in a well-choreographed show of friendship. The structure spans the Tumen River and was hailed by both sides as a milestone for their growing strategic partnership. First trucks with flags trundled over the bridge's 1 km (0.6 miles) of two-lanes as Russian Premier Mikhail Mishustin, and North Korea's premier Pak Thae Song watched via video link. They addressed workers and officials from both nations. The construction of the new bridge began in April 2018 after it was decided to build the bridge during the visit by Vladimir Putin in North...

Consultancies report that Ukraine's weekly exports of important grains are increasing despite high freight rates.

APK-Inform, a consultancy, reported on Monday that Ukraine's weekly wheat, barley, and corn exports increased by 80% between August 27 and September 2. This equates to?433,700?metric tons. The volume of corn exports increased by 212%, to 184.100 tons. Exports of wheat also increased by 40%, to 243,000 tonnes. Since late July, Ukrainian grain exports have dropped sharply after Russian missiles and drones attacked Ukrainian Black Sea ports near Odesa. APK-Inform data showed that in early July, when ports operated as usual, Ukraine exported approximately 760,000 tons per week. Ukraine redirected grain shipments after the closure of its seaports to ports...

Passenger Transportation Services

Dutch public transport stopped by strike over welfare cuts

A nationwide strike on Wednesday against the government's proposal to cut welfare spending halted public transport in The Netherlands. A 24-hour strike affected train services in the entire country, including international trains to Belgium, Germany France and Britain. The strike was organised by the unions against plans to reduce welfare spending up to EUR6.5billion ($7.6billion) annually, mainly through limiting unemployment benefits. The strike is a further obstacle to the centre-right minorities government that was installed in this year's parliament. The coalition is in need of outside support, as it lacks a majority. The opposition's leading left-wing Pro Party has joined...

Transportation

Airports continue to warn about the impact of air traffic disruption on flights in the UK

After a major failure in air traffic control, flights from British airports were resumed on 'Wednesday morning. However hubs warned it would take time before operations returned to normal. The shutdown that lasted for hours on Tuesday resulted to the cancellation of over 1,000 flights, leaving hundreds of thousands of passengers stranded. This has increased pressure on NATS, a provider of air traffic control, and Martin Rolfe, its boss. Ryanair, Europe’s largest airline, has already asked him to resign because of his role in the August 2023 system meltdown, when cancelled flights cost operators PS100,000,000 ($135,000,000). Heathrow Airport near London...