Transport Infrastructure

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Passenger Transportation Services

The Gulf stock market gains on US-Iran deal

Investor sentiment improved after an interim ceasefire was reached between Iran and the United States. U.S. president?Donald Trump signed a deal with his?Iranian counterpart on Wednesday to end the war. Trump warned that Washington would re-target Iranian officials and resume its attacks if Tehran did not honour its commitments. Dubai's main stock index rose by 0.8%, led primarily by the?real estate and industrial stocks. Emaar Properties, a developer, gained 2% while Emirates NBD Bank added 1.3%. NBD Bank, Dubai’s largest lender, announced that it has completed the acquisition of India's RBL Bank's majority stake through a $2.75 billion primary infusion....

Passenger Transportation Services

European shares fall on Fed rate hike bets

Investors?bet? that the Federal Reserve would raise rates next, following hawkish predictions from policymakers. However, easing oil prices helped to temper inflation fears. By 0812 GMT, the pan-European STOXX 600 Index was down 0.15% to 638.35. The Fed kept rates unchanged on Wednesday but persistent inflation worries led?nine officials to predict one rate increase this year. According to the FedWatch tool of CME Group, traders expect rates will remain unchanged through the end of this year. Brent crude oil prices continued to fall on Thursday, trading at around $77 per barrel after the U.S. signed an interim deal with Iran...

Passenger Transportation Services

French and Benelux stocks: Factors to watch

Here are some company news and stories that could have a significant impact on markets in France and Benelux or individual stocks. AIR FRANCE KLM: The Franco Dutch airline group has signed a multi-purpose credit facility worth EUR1 billion with 12 international banks. Its aim is to refinance existing financial instruments, including M&A, starting in H2 2026. AUTOS: The number of battery electric vehicles registered in Europe in May reached a new record, continuing a strong growth, as policy support, subsidies and higher petrol prices boosted demand. DERICHEBOURG SA : French waste management company Derichebourg Environnement has won a total...

Passenger Transportation Services

KKR invests $1.4 billion in aircraft leasing and targets airlines, Boeing, and Airbus

Private equity firm KKR announced a new $1.4 billion bet on aircraft lease with a partner Altavair on Wednesday, as Airbus and Boeing continue to struggle with a lack of planes. Private equity firms and leasing companies are playing a greater role in financing aircraft purchases. This is because airlines are facing rising costs, recovering travel demand and limited aircraft supply. About half of the world's fleet is now leased, or rented. KKR has invested more than 12 billion dollars in aviation since 2015. Altavair is a company that focuses on the acquisition of new and used aircraft, and then...

Passenger Transportation Services

Congress will hold an hearing on US airline regulation and competition

The House of Representatives will hold an hearing on June 24 to discuss 'the state of U.S. airlines competition and regulation following the collapse of low-cost carrier Spirit Airlines last month. The?subcommittee of the House Judiciary that oversees antitrust matters will hold an hearing entitled "The 30,000-Foot View: Competition and Regulation in America." Airline Industry." The CEO of Airlines for America, Chris Sununu, is expected to give testimony at the hearing. Republicans will likely use the hearing as an opportunity to claim that the Biden administration failed to protect jobs through its airline competition policies, while Democrats are going to...

Passenger Transportation Services

Kyiv denies that Russia has attacked a school bus with children on board.

Russia has accused Ukraine of launching a drone strike that killed a Belarusian bus full of schoolchildren, an accusation which the Ukrainian military says is "false". Yegor Kovalchuk is the acting governor of Russia's Bryansk Region, which borders Ukraine. He said that the bus was carrying a Belarusian children's soccer club to southern Russia for a vacation. Kovalchuk wrote on Telegram that he visited the injured and described the incident as "a completely deliberate strike against civilian transport on a busy road". The Russian Foreign Ministry called the attack "another horrific crime" and said that a woman who was with...

Passenger Transportation Services

CNBC reports that JetBlue will reduce its Newark and LaGuardia services.

JetBlue Airways will close its 'flight attendant' base in New Jersey's Newark Liberty International Airport, as well as its 'tech operations' bases at the airport and LaGuardia Airport in New York this fall. CNBC reported. The report said that the move was part of an effort to reduce costs and improve service at Florida's Fort Lauderdale airport. JetBlue is a major carrier in the area, which is a lucrative hub. According to the company's annual report, JetBlue had a 13% market share for airline seats in?five airports of the New York metropolitan area, including Newark, LaGuardia, and JFK. According to...

Passenger Transportation Services

Qantas chooses London as the first non-stop flight to break Qantas' record

Qantas Airways announced on Wednesday that?London was the first destination of the world's largest direct commercial flight. The trip is roughly 20 hours from Sydney, eliminating the?traditional halt on the "Kangaroo Route". Vanessa Hudson, the CEO of Australian carrier, told an audience in Toulouse, France that they plan to start selling tickets by February, and launch flights in October 2027. The airline is part of "Project Sunrise", which will serve New York in the future using modified Airbus A350 1000ULR jets that can fly up to 22-hours with 238 passengers aboard. The announcement is part a fleet revamp that began...

Passenger Transportation Services

There are some flights to the Middle East that have resumed but there is still disruption.

Some airlines have resumed flights to certain parts of the Middle East, as diplomatic efforts to resolve the conflict that followed the U.S.-Israeli strikes on Iran gain momentum. However, many carriers continue to suspend flights, causing global travel disruptions. The following is a list of the current status of flights by alphabetical order. AEGEAN AIRLINES Thessaloniki-Tel Aviv flights were cancelled by Greece's largest airline until June 26. Dubai flights are cancelled until August 31. Erbil and Baghdad flights until September 30. AIRBALTIC AirBaltic, a Latvian airline, has canceled flights to Tel Aviv and Dubai until the 28th of June. AIR...

Passenger Transportation Services

Australia relaxes travel advice for the Gulf to boost Middle Eastern airlines

Australia relaxed its travel advice on Wednesday for a number of?Middle?Eastern nations, allowing Australians the freedom to transit and travel through the largest Gulf air hubs while being insured. Penny Wong, Foreign Minister, said that the "do-not-travel" warning for the United Arab Emirates (UAE), Qatar, Bahrain and Israel, had been removed after the U.S. reached an interim agreement with Iran to end the war. She stated that the advisory has moved to "reconsider the need to travel" in these countries as the security situation can still rapidly deteriorate with little notice. Gulf airlines will benefit from the removal of "do...

Passenger Transportation Services

Qantas announces first route for ultra long-haul Project Sunrise flights

Qantas Airways will announce the first destination on Wednesday for the longest non-stop flight in the world?from east Australia to London or New York. This is a major breakthrough after years of delays. Since 2017, "Project Sunrise", a plan to offer direct flights on modified Airbus long haul jets to London hubs in the Middle East and Asia, has been under development. It is expected to be operational by the end next year. It is hoped to reduce the five-day journey on the "Kangaroo Route", which used to take place from Sydney to London, to a maximum of 22 hours...

Passenger Transportation Services

There are some flights to the Middle East that have resumed but there is still disruption.

Despite the fact that most of the suspensions remain in place after the U.S. and Israeli strikes against?Iran, which disrupted global travel in February. The following is a list of the current status of flights by alphabetical order. AEGEAN AIRLINES Thessaloniki-Tel Aviv flights were cancelled by Greece's biggest carrier until June 26. Dubai flights are canceled until August 31. Erbil and Baghdad flights will be canceled until September 30. AIRBALTIC AirBaltic, a Latvian airline, has cancelled all flights to Dubai and Tel 'Aviv until June 28. AIR CANADA Canadian Airlines has cancelled all flights to Tel Aviv, Dubai and Abu...

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