Transport Infrastructure

Passenger Transportation Services

Passenger Transportation Services

Airline cancellations in response to Middle East conflict

Middle Eastern carriers increased capacity following the Iran War, and airlines outside the Gulf have rerouted flights between Europe & Asia away from major hubs within the region. The following is a list of the latest flights in alphabetical order. AEGEAN AIRLINES On May 21, Greece's largest airline will resume flights from Heraklion to Tel Aviv. Thessaloniki-Tel Aviv flights are cancelled up until June 26. Flights to Riyadh, Amman and Erbil will resume on May 21. The airline has cancelled flights to Dubai until June 29 and Erbil and Baghdad until July 2. AEROFLOT The Russian flag carrier announced that...

Passenger Transportation Services

Sinkhole closes runway at New York LaGuardia Airport

A sinkhole forced the closure of one of the runways at New York’s LaGuardia Airport on Wednesday, causing cancellations and delays. Emergency repairs are also ongoing. Port Authority of New York and New Jersey, the airport management agency for New York City, announced at 11:15 a.m. The?airfield at LaGuardia was being inspected by officials every morning when they discovered a sinkhole. The authority warned that "travelers can expect delays and cancellations today, especially with the forecasted thunderstorms." The Federal Aviation Administration has announced that it is slowing down flights to LaGuardia Airport due to the weather and sinkhole. FlightAware is...

Passenger Transportation Services

Airbus notifies some customers about further A350 delays

Airbus informed some customers of further delays in delivering the?A350 later this decade. This has raised new concerns about shipments coming from a US-based company. Three industry sources confirmed that Airbus recently acquired a parts factory in the United States. Sources said that the delays are mainly due to ongoing difficulties in securing crucial fuselage parts at the former Spirit AeroSystems facility in Kinston, North Carolina. Airbus also said that the cargo doors for the A350 Freighter, which were built in Spain, are also experiencing some problems. Airbus has said that it never makes comments about delivery dates. A spokesperson...

Passenger Transportation Services

UK delays import ban on jet fuel and diesel derived from Russian crude

The UK announced on Wednesday that it would continue to allow the importation of jet fuel and diesel refined from Russian crude into third-country countries. This ban was first announced in October to help the country deal with the supply problems caused by the Iran War. The decision was criticized by lawmakers in Britain and Ukraine, who claimed that the government had backed down on its promises to stop Moscow from profiting off oil production and using it to fund their war against Ukraine. The Prime Minister Keir starmer said that the measures are part of a larger sanctions package...

Passenger Transportation Services

Southwest Airlines will expand its India Global Centre to 1,000 employees, says executive

Southwest Airlines will hire 1,000 people at its newly opened global capability center in India over the next several years, as it builds a hub outside headquarters to build tech capabilities. Southwest Airlines Vice President and Global Director of Innovation (India), Krishna Kallepalli said in an interview that the airline has already hired over a dozen people and plans to increase this number to 200 in the near future. He said that the new office wasn't intended to function as a "traditional back-office hub". He said: "We don't just want to do a shift and lift?and create another office." "We're...

Passenger Marine Transportation

Special Report-Iran consolidates control of Hormuz through island checkpoints and diplomatic deals, as well as sometimes 'fees.'

The crew of the tanker gathered courage and navigated carefully along the route designated by Iran. They hugged the coast and manoeuvred their massive vessel between island checkpoints in the Strait of Hormuz. Agios Fanourios 1, a 330 metre long vessel, loaded with Iraqi crude and bound for Vietnam had been bottle-?up near the coast of Dubai, since late April. On May 10, the tanker set out for the Strait of Hormuz after an agreement with Iran, overseen by Iraq’s Prime Minister. The Iranian orders to the tanker are part of the complex multi-tiered system that Iran has used for...

Passenger Transportation Services

Qatar Airways rebuilds global network following Iran War Profits

State-owned Qatar Airways reported a'more than 7 percent decline in net profit on Wednesday, but it 'flagged progress?in re-building its global schedule while it navigates through the impact of Iran war. Since the beginning of the conflict in the Middle East at the end of February, thousands of flights have been cancelled due to temporary airspace closures. Qatar Airways posted a net profit of 7,08?billion qar ($1.94 billion), for the 12-month period ending March 31, as passenger numbers dropped from 43.1 to 41.8 million. In a recent statement, CEO Hamad Al-Khater stated that "we are actively rebuilding our global networks...

Passenger Transportation Services

Europe's airlines claim wars and red tape hold them back while rivals race ahead

A 'lobby' group representing Europe's major carriers has said that the continent's airlines have been losing ground to their 'global competitors' and require stronger EU support to combat rising regulatory costs, affordable sustainable 'jet fuel and to better manage crises. The European Union is seeking feedback on its new Aviation and Aeronautics Strategy. Submissions are due by Thursday. Airlines for Europe's (A4E), in its submission to the EU, seen on Wednesday, said that the COVID-19 epidemic, the closure of the?Russian airspace and the Middle East crisis, along with the growing global protectionism, have worsened EU carriers' competitive disadvantage. The group,...

Passenger Transportation Services

US airlines oppose Trump's plan to force small airports to use security private

A group representing major U.S. According to written testimony obtained by the. Chris Sununu, CEO of Airlines for 'America?, will testify before a U.S. House of Representatives Committee on Wednesday. He will say that the U.S. Aviation Industry is concerned that private security remains an option and not a mandatory program. Last month, Donald Trump proposed that the TSA (which handles airport security operations) cut more than 9,400 employees and $1.5 billion annually from its budget. This proposal is a step in the direction of privatizing the agency that was created following the attacks on September 11, 2001. Some Republican...

Passenger Transportation Services

Hong Kong listings a target for foreign firms as IPOs rebound

?At least 10 companies, including those from Indonesia, South Korea, and Singapore, have applied for Hong Kong IPOs this year, and others are considering it, according to an executive at the Hong Kong Stock Exchange. The market's robust IPO growth is attracting global?firms. LSEG data shows that although foreign companies raised a lot less money than domestic firms - 110 Chinese firms and Hong Kong firms raised a total of $36.4 billion in '2025 - the listings by 10 global companies would make this the best year since 2020 for international debuts. According to Johnson Chui, the head of global...

Passenger Transportation Services

Senators criticize US Transport chief for road trip funded by corporate donors

Two Democratic U.S. Senators on Tuesday criticized Transportation Secretary Sean Duffy's road trip, which was filmed for a web series and paid for by donors of the companies that his department regulates. "Your vacation was paid for by Boeing and Toyota, United Airlines, Enterprise, Shell and Royal Caribbean Group", said Kirsten Gillibrand. She is the top Democrat in a Senate Appropriations Subcommittee. She pointed out that USDOT regulates these companies and other donors. Gillibrand told a budget meeting that "this road trip does not smell right." "I don't think that it is right, and you should explain to Americans why...

Passenger Transportation Services

FAA concludes investigation into airline compliance regarding shutdown flight cuts

The Federal Aviation Administration informed Congress on Monday that it had 'closed' its investigation of airlines who did not adhere to the required flight reductions at 40 major airports in 2025. It has also decided against seeking any fines. Bryan Bedford, FAA administrator, said that in response to written questions from Senators seen by that agency, after sending letters of investigation on apparent noncompliance to airlines the agency determined "all but one were in substantial compliance with the restrictions." Bedford said that one unnamed airline was not in compliance and received an administrative warning. In November, the FAA announced that...

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