Transport Infrastructure

Passenger Transportation Services

Passenger Transportation Services

As the Middle East conflict escalates, airlines cancel more flights

The global air travel industry is still severely affected by the Iran war, which forced the closures of key Middle Eastern hubs such as Dubai, Doha, and Abu Dhabi. This left tens thousands of passengers stranded. The following is the latest information on flights in alphabetical order. AEGEAN AIRLINES The largest airline in Greece has cancelled flights to Tel Aviv and Baghdad. Dubai flights are cancelled until the 28th of March and Riyadh flights until March 14. AIR BALTIC AirBaltic, a Latvian airline, said that 'all' flights to Tel Aviv were cancelled until the 28th of March. All flights to...

Passenger Transportation Services

Senators from both parties agree that the US needs to fix its anti-drone system.

The top Democrat of the U.S. Senate Commerce Committee stated on Thursday that recent incidents involving a 'laser-based system to combat drones in Texas, put 'the flying public at risk. Government agencies must address these serious issues. In a letter to the Pentagon and the Department of Homeland Security, Senator Maria Cantwell said that "These incidents exposed serious process failures which expose the flying public in unacceptable safety risks". She added, "It is unacceptable that this system has been deployed without adequate coordination between FAA and the law." U.S. Military accidentally shot down a government-owned drone on?February 25 with a...

Passenger Transportation Services

Senator says US must deal with issues regarding anti-drone system

The Senate's top Democrat said that the recent occurrences involving the government's use of a laser anti-drone system put flying public in danger and the government must take serious measures. Senator Maria Cantwell sent a letter to the Pentagon, the Federal Aviation Administration, the Department of Homeland Security, and other agencies, saying that these incidents revealed "serious failures in the process" which exposed the flying public to unacceptable safety risk. It is unacceptable that the system was installed without proper coordination with FAA. This 'likely' violated law. Cantwell said that the 2026 FIFA World Cup and the 2028 Los Angeles...

Passenger Transportation Services

Jet fuel prices are on the rise, and airlines have failed to implement hedging strategies.

As a sharp increase in oil prices shakes the global transport market, airlines are facing an additional threat. The price of jet fuel has risen much faster than crude oil prices. Airlines that use hedging contracts in order to protect themselves from sudden increases in oil 'prices' are announcing fare increases, fuel surcharges, and capacity reductions as they struggle with the unprecedented increase in refining profits since the U.S. - Israel war on Iran. Jet fuel Prices normally rise and fall in line with crude oil prices. However, since the Iran conflict they have more than doubled, outpacing an increase...

Passenger Transportation Services

Air New Zealand cuts flights due to fuel price hike.

Air New Zealand announced on Thursday that it would cut 5% of its flights or approximately 1,100 services, until early May, as the Iran War?drives up jet?fuel costs and disrupts travel, even in rural areas located thousands of miles away from the conflict zone. New Zealand Airlines led the way in this week's announcement of airfare increases, along with Qantas Airways from Australia, Scandinavian SAS, and Thai Airways. The sudden spike in fuel prices that has shaken the aviation industry around the world is blamed. Due to the drone and missile attacks that have severely restricted airspace, many airlines have...

Passenger Transportation Services

Appeals court rules that Trump must pay for New York tunnel payments

After a 'court of appeals' ruled against the Trump administration on Wednesday, the U.S. will have to continue paying for the $16 billion New York Hudson Tunnel. The Hudson Tunnel Project will build a new commuter train tunnel between Manhattan and New Jersey, and repair an existing tunnel that is used daily by over 200,000 people and 425 trains. The existing tunnel was heavily damaged by hurricane Sandy in '2012 and requires frequent emergency repairs. This disrupts travel on America's busiest passenger rail line. The 2nd U.S. Circuit Court of Appeals has a three-judge panel. The Appeals Court of the...

Passenger Transportation Services

Used electric vehicles are becoming more affordable, attracting US buyers.

The steep depreciation of used electric cars and their improved reliability is attracting more Americans. As federal incentives for new EVs fade, the pre-owned vehicle market has become a 'key entry point' for those who cannot afford to buy a new EV. The rapid advancements in battery technology, range, and software, along with falling resale values, have pushed'many used EVs to a price that is comparable to 'comparable gasoline cars. Meanwhile, over-the-air upgrades and a growing 'charging -network? are easing concerns about ownership. Rollbacks of incentives, which once fueled EV purchase, combined with increased vehicle prices are also helping them...

Passenger Transportation Services

Lufthansa will operate the majority of flights planned during the pilot strike

Lufthansa, Germany's national airline, will operate more than half its scheduled flights during a planned strike by pilots this week. The sector is currently facing one of the 'deepest crises' since the pandemic. The VC union called for walkouts of Lufthansa cargo and passenger flights on German airports from Thursday to Friday. This was done in response to a dispute over pensions with Lufthansa. The VC union will exclude?flights from selected Middle East countries due to the current?situation. The Iran War has created chaos in the aviation industry, with many airlines being forced to cancel flights or use alternate routes....

Passenger Transportation Services

As the Middle East conflict escalates, airlines cancel more flights

The global air travel industry is still severely affected by the Iran war, which forced the closures of major Middle Eastern hubs such as?Dubai and Doha, leaving tens thousands of passengers stranded. The latest flight information is listed below alphabetically. AEGEAN AIRLINES The largest airline in Greece has cancelled flights to Tel Aviv and Baghdad. Dubai flights are cancelled until the 28th of March and Riyadh flights until March 14th. AIR BALTIC AirBaltic, a Latvian airline, said that all flights from and to Tel Aviv have been cancelled until March 28. AirBaltic has cancelled all flights from and to Dubai...

Passenger Transportation Services

FlySafair in South Africa adds temporary surcharge as fuel prices rise

FlySafair is a leading domestic South African low cost airline. The company announced on Wednesday that it would implement a temporary fuel surcharge in order to cope with the sharply increased global jet fuel costs as a result?of?the Middle East crisis. South Africa is a net consumer of refined petroleum products including jet A1 and closely monitors developments in the Middle East. Since the U.S. & Israel bombed Iran and triggered a series of attacks, crude oil prices have reached two-year highs above $100 per barrel. Kirby Gordon said, "Instead of increasing fares or hiding costs, FlySafair has chosen to...

Passenger Transportation Services

Fuel costs are increasing, so airlines are reducing their prices and cutting back on their outlook.

The global aviation industry has been thrown into chaos by a surge in jet fuel costs, which is attributed to the ongoing U.S./Israeli war against Iran. Airlines have raised fares and revised their financial forecasts. In recent days, jet fuel prices have increased from $85 to $90 per barrel to $150 to $200 per barrel for an industry where fuel accounts for as much as a quarter or more of the operating costs. Here is an alphabetical list of the ways airlines are responding to this issue: AIR NEW ZEALAND On March 10, the airline was one of the first...

Passenger Transportation Services

Lufthansa calls pilots' strike "incomprehensible" amid Iran War

Lufthansa criticised on Wednesday a planned 2-day walkout of its pilots in this week. This comes as the global aviation sector grapples with its 'deepest crisis since the pandemic. Michael Niggemann, a board member, said: "This escalation is?completely?incomprehensible. Especially at a time of new geopolitical uncertainties with the war on Iran. Passengers worldwide are affected." The pilots' union VC announced a strike for Thursday and Friday. They said that Lufthansa had not yet made any offer in their long-running dispute over company pensions. It said: "It is of no use to only show a willingness to talk, but to refuse...

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

After a snowstorm, Lufthansa and Munich Airport have pledged to revamp emergency protocols

Munich Airport and Lufthansa pledged on Friday to overhaul 'emergency protocols' following the stranding?of?around 600?passengers?on six planes?during a snowstorm last week. Heiko Reitz, Lufthansa Hub Manager for Munich Airport, said during a joint press conference in Munich: "We made mistakes that evening and we all take responsibility." Airport and airline apologized for what they called an "unacceptable incident" and announced new?measures to prevent a repeat. Shortfalls in operational efficiency on?Feb. The 19th, including the?lack terminal space, stretched buses capacity, and staff shortfalls amid a night curfew were cited as major factors that caused passenger transfers to be delayed. Crews provided...