Transport Infrastructure

Passenger Transportation Services

Passenger Transportation Services

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or on individual stocks. AIR FRANCE KLM: The Franco-Dutch carrier?Air France KLM?has successfully issued EUR 500 million senior notes under?its EMTN Program?with a 5-year maturity and a fixed coupon annual of 4.250%. These notes will be used primarily to fund general corporate purposes. LE SLIP FRANCAIS: French underwear manufacturer Le Slip Francais plans to trade its shares on the Paris stock exchange on Bastille Day, July 14. Michelin: The French tire manufacturer Michelin plans to phase out its BFGoodrich tire factory in Tuscaloosa in...

Passenger Transportation Services

UN agency says it has paused its initiative to evacuate ships from the Hormuz Strait after vessel attack

After a vessel in the Gulf of Oman was attacked, the United Nations' shipping agency paused an evacuation effort on Thursday to move hundreds of stranded vessels?and thousands of seafarers through the Strait of Hormuz. "I was informed of an attack on a vessel that passed through the Strait of Hormuz today, in the Gulf of Oman." The vessel was not evacuated under the IMO framework," Arsenio?Dominguez, Secretary General of?the U.N. International Maritime Organizatio (IMO), stated in a press release. "I've decided to temporarily pause the implementation of this plan in order to confirm that the necessary safety measures continue...

Passenger Transportation Services

Healthcare stocks lead the rally in European shares.

European shares closed at a record-high on Thursday. Leading the charge were 'healthcare stocks,' while a resurgent AI rallies triggered by strong "forecasts" from Micron and Qualcomm provided early support. The pan-European STOXX 600 ended the session 0.8% higher, at a new record close of 640.21. It had previously reached an intraday record of 642.09 during the session. This was the largest one-day increase in nearly two weeks. The index was boosted by 1.5% in healthcare stocks. Bayer topped the STOXX600 after a court ruling in which the U.S. Supreme Court ruled that thousands of lawsuits were dismissed accusing the...

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 intensify to resolve the conflict that erupted after the U.S.-Israeli strikes on Iran. 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. Erbil, Baghdad and Dubai flights are all cancelled until September 30. AIRBALTIC AirBaltic, a Latvian airline, has canceled flights to Tel Aviv and Dubai until the 28th of June. AIR CANADA Canadian Airlines...

Passenger Transportation Services

German rail operator targets 80% on-time performance for long distances by 2035

The German state-owned rail company Deutsche Bahn aims to achieve 80% punctuality for 'long-distance' traffic by 2035. This is when the company hopes to complete a years-long reorganization and network overhaul. Evelyn Palla, the chief executive of the company, presented this goal to its supervisory board Wednesday as part a 10-year plan. Palla stated that the group would abandon earlier, growth-driven plans and focus on "realistic facts" instead. Germany's rail champion has become a symbol of national frustration. Deutsche Bahn has stated that in?2025 only a little over 60% of its long-distance train services will be on time. Deutsche Bahn...

Passenger Transportation Services

Ryanair allows parents to seat with their children at no cost, but only reluctantly.

Ryanair has "reluctantly", allowed parents to sit free with their children from Thursday. The change was said to be revenue neutral and came two weeks after the british competition watchdog launched an investigation into its policy. The?largest airline in Europe by passenger numbers required that adults traveling with children between the ages of 2 and 11 pay a "family seats" fee, which allowed up to four children per adult to sit together. The Competition and Markets Authority in Britain said that the surcharge usually costs around PS8 ($10.70), each way, and could 'constitute' forcing parents to pay Ryanair for its...

Passenger Transportation Services

The longest winning streak of 7 months for India's stock indexes is due to the oil slide

The Indian equity benchmarks posted their third consecutive 'weekly' gain on Thursday. This is the longest winning streak in seven months. Crude oil prices dropped to levels seen before the Iran-War and recent measures taken to bolster rupees and attract overseas inflows improved sentiment. The Nifty 50 gained 0.14% and reached 24,056. The BSE Sensex also rose 0.14%, reaching 77100.47. The indices had each risen by over 1% during the session before some profit-taking in the last hour. Investors trimmed 'their positions late in the day as markets are closed on Friday," said Ankur Punj. Wealth Brent crude dropped 1.4%...

Passenger Transportation Services

Castlelake examines easyJet's accounts after a new $6.5 billion offer was rejected

EasyJet, the British budget airline, rejected on Thursday a fourth takeover offer from an American investment firm Castlelake, which was sweetened to PS4.93 billion ($6.50 Billion). However, it said that it would give limited access of commercial information to the bidder in order to?draw a higher price. EasyJet released a statement saying that the Board believed giving Castlelake limited access to commercial information, as Castlelake requested in the letter containing the Fourth Proposal could?produce an attractive proposal. Castlelake had previously offered PS6.25 for each share. The PS6.50 per share proposal was higher. According to a Financial Times article from last...

Passenger Transportation Services

European shares rise as Micron's forecast is a success, reviving the AI rally

European shares opened higher on Thursday, led by gains in technology stocks. Micron and Qualcomm's strong forecasts assuaged fears about the sector's inflated valuations, while oil prices eased further. By 0711 GMT, the?pan European STOXX 600 was up by 0.27% to 636.88. The AI rally is back on the agenda - as U.S. chipmakers Micron & Qualcomm released strong forecasts. This temporarily calmed investor concerns that a rally of global AI-linked shares had gone too far. European?tech shares, which rose by 30% in the last quarter, led the gains on the benchmark. Infineon and STMicroelectronics chipmakers gained 5,2% and 3,7%...

Passenger Transportation Services

Gulf crisis affects Australian and New Zealand companies, from airlines to banks

The U.S. and Israel war against Iran is causing financial stress for companies in Australia and New Zealand. Higher fuel prices are stoking inflation, reducing consumer and business confidence and weighing on corporate earnings. Some of the companies in Australia and New Zealand have made an impact. Air New Zealand: New Zealand’s flag carrier predicted its largest annual pre-tax losses in four years. This was two months after withdrawing their earlier 2026 forecast, as the Iran War pushed up jet oil prices, increasing costs, and compounding the pressure of weak demand and fleet restrictions. Air New Zealand has forecast a...

Passenger Transportation Services

Nasdaq and S&P finish lower as tech stock fall

Falling crude prices boosted airline and travel stocks, and the Dow closed higher. As more tankers are expected to leave the Strait of Hormuz, oil prices have?fallen?to the lowest level since the beginning of the Iran War. Donald Trump, the U.S. president, said that Iran told Washington there were no tolls being collected. S&P 500 passenger airline index rose 5.2%, while Expedia Group and Booking Holdings also saw gains. The tech stocks fell, causing the focus to shift towards Micron Technology's earnings after the bell. The stock is up more than 200% since?2026, but it closed Wednesday's trading down 0.3%....

Passenger Transportation Services

Nasdaq and S&P finish lower as tech stock fall

The Nasdaq, S&P 500 and Dow closed lower on Tuesday, with tech stocks being the main drag. As more tankers are expected to leave the Strait of Hormuz, oil prices have fallen to their lowest levels since the beginning of the Iran War. U.S. president Donald Trump claimed that Iran told Washington there were no tolls being collected. The S&P 500 index of passenger airlines rose. The tech?stocks fell, causing the focus to shift towards Micron Technology's results after the bell. The stock is up more than 200% in 2026, but it fell on Wednesday. Cerebras Systems fell after the...

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