Passenger Ground & Sea Transportation

Alstom, a French train manufacturer, announced on Friday that it received a $2.45 billion order from the New York Metropolitan Transportation Authority for M-9A railcars to be supplied to the Long Island Rail Road (LIRR) and Metro-North Railroad. Alstom announced that the contract, which MTA announced in June, would be booked during the second quarter 2025/26 fiscal years. MTA announced last month that Alstom pilot railcars would be delivered by 2029, and will enter service on Long Island Rail Road as passenger cars in 2030. It added that all 316 railcars included in this order would be delivered by the...

Lyft launched its first ever Driver Autonomous Forum, an initiative that aims to involve seasoned drivers as they begin to integrate robotaxis in its ride-hailing services. This move is in response to the continued disruption of the ride-hailing market by self-driving cars. Robotaxis promises increased efficiency and lower cost, but they also threaten gig workers whose income is based on platforms such as Lyft or Uber. Experts and analysts have warned that robotaxis, if not implemented in a phased manner and with caution, could result in the displacement of large sections of the workforce. Tesla has recently used a few...

On Monday, tens of millions of Americans were forced to endure record heat in the Northeast and Midwest of the United States. This caused electricity supply disruptions and train travel. In many parts of the United States, heat warnings began on the weekend and will continue into the coming week. East Coast officials warned of conditions "feeling" like 110 degrees Fahrenheit in many places as heat and humidity combine. National Weather Service warns that the nighttime temperatures will not provide much relief from the "oppressive" heat, with temperatures forecast to be in the 70s or even 80s at night for...

Mexican authorities discovered this week a clandestine micro-refinery, as well as a half million barrels worth of crude oil that they believe were stolen from Mexico's pipelines. The government is cracking down on illegal imports of huachicol (illegal crude oil, refined products, and other goods), a practice which generates significant losses for the state energy company Pemex as well as the government. Authorities have linked Pemex and organized crime to illegal trade. Was unable to reach the owners of the clandestine refining plant. On Wednesday, Omar Garcia Harfuch, the Minister of Security for Homeland Security said that "a clandestine operations...

The Trump Administration said on Wednesday that there was no viable way forward for California's High-Speed Rail Project and warned it could revoke $4 billion of government funding in the next few weeks. Transportation Department of the United States released a report by Federal Railroad Administration. The report cited missed timelines, budget shortages, and doubtful ridership projections. California's failure to identify $7 billion additional funding required for a first segment between Merced, California and Bakersfield was cited as a key issue. USDOT gave California California until the middle of July to respond, and then the administration can terminate the grants....

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. Headlines - KKR feared a political risk in the Thames Water Rescue deal UK Serious Fraud Office investigates company who sold solar farms Thurrock Council British Industry Exempted From Trump's Doubling of Steel Tariffs Rachel Reeves, British Finance Minister, will support the Manchester-Liverpool railway link as part of a boost to transport spending Andrew Bailey, Governor of the Bank of England defends UK rules on ringfencing for lenders View the full article Thames Water...

Russian authorities announced early Sunday that at least seven people had died and 30 others were hospitalized after "illegal intervention" caused a collapsed bridge and train derailment in the Bryansk region of Russia, which borders Ukraine. Russian Railways announced on Telegram that the train's locomotive, along with several cars, had derailed due to "the collapse of a span-structure of the road bridge in response to an illegal interference with the operation of transportation." Alexander Bogomaz said that two children, including one in a critical condition, were hospitalized. The state-run Russian news agencies cited medics to report that the driver of...

New Jersey Transit will resume its trains on Tuesday, after reaching a tentative agreement on Sunday with the striking rail engineers over wage increases. This ends a three-day strike that left tens and thousands of commuters in New York scrambling for alternative transportation. Just after midnight, on Thursday, NJ Transit began its first statewide rail-strike in over 40 years. It is the third largest transit system in America, providing more than 700,000.00 passenger trips per day, on average, across its light rail, train and bus lines. In the beginning, the Brotherhood of Locomotive Engineers and Trainmen (BLET), which represents 450...

New Jersey Transit will resume its trains on Monday, after reaching a wage agreement with the striking rail engineers, said the engineers' union on Sunday. The deal ended a work stoppage which had affected approximately 350,000 passengers. The strike was the first NJ Transit strike in over 40 years. It began just after midnight Thursday. Tens of thousands commuters were left scrambling for alternate transportation to New York. The Brotherhood of Locomotive Engineers and Trainmen (BLET), which represents 450 NJ Transit commuter train engineers, announced that it had reached a pay agreement with the agency over the weekend and that...

New Jersey rail engineers left their jobs on Friday, after marathon contract negotiations stalled before a midnight deadline. This triggered a strike in a transit system which serves hundreds of thousands commuters to New York City. The commuter train strike, the first since a three week walkout in more than forty years, went into effect on January 1, 12:01 am EDT (0401 GMT). The Brotherhood of Locomotive Engineers and Trainmen (BLET), which represents 450 NJ Transit commuter train engineers, reported that a 15-hour nonstop bargaining session ended when negotiators from the management walked out of Thursday's talks at 10 pm....

New Jersey commuter rail engineers left their jobs early on Friday morning after marathon contract negotiations stalled before a midnight deadline set by their union for meeting wage demands. This ignited the first strike in the U.S. since more than 40 year. The strike began at 12:01 am EDT (0401 GMT), on Friday. It is expected to cause hundreds of thousands daily of passengers in New Jersey, and New York, to be unable of travel. NJ Transit announced that its rail system would begin a "safe shutdown" at 12 a.m. No new departures will be made after this time, but...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch for the accuracy of these stories. New Jersey commuter rail engineers have gone on strike after a long-running wage dispute. Walmart has announced that it will raise its prices in this month, and at the beginning of this summer when tariffed merchandise reaches their shelves. Some prices have already increased. Bayer has a plan in place to settle some of the mass lawsuits it filed over Roundup, weedkiller. If this fails, Bayer may file for bankruptcy on behalf of...

The S&P 500, Nasdaq, and Nvidia all closed at record highs Thursday. Nvidia's value was also above $4 trillion, while the Brazilian Real recovered some of its losses after U.S. president Donald Trump announced a 50% tariff against the country's products. Delta Air Lines' shares also soared 12%, after the company forecasted profits for both the third quarter and full year above analyst estimates. United Airlines ended the day 14.3% higher and Hertz Global was up 11.8%. Shares Nvidia ended up 0.75% at $164.10, giving the chipmaker a market value of $4.004 trillion, thanks to surging demand for artificial-intelligence. This...

Pasifik Eurasia Lojistik announced that it had signed a railway transportation agreement with a subsidiary China Railway for the launch of cargo train services on a corridor connecting China to Europe via Turkey, bypassing Russia. The initial plan is to operate 10 train services, and eventually 1,000. It is anticipated that the Middle Corridor will see a significant increase in freight volume thanks to the partnership with China's state-owned railway logistics company. The Middle Corridor, a China-Europe freight route that is promoted by the West, includes Kazakhstan, Azerbaijan and Georgia, as well as Turkey. Fatih Erdogan, Chairman of Pasifik Holding's...

Leasys, an auto leasing company, aims to double its fleet's share of electric and hybrid vehicles by the end of next year. The rapid advancements in electric technology present challenges to the industry. Leasys, a 50-50 joint venture between Stellantis in Italy and France's Credit Agricole is the third-largest player in Europe's long term auto rental industry. The long-term lease, which allows the customer to rent a car at a fixed rate per month, usually for a minimum of 365 days, is an alternative to owning. In recent years, corporate clients have driven its popularity. Leasys is present in 11...

On Wednesday, U.S. president Donald Trump signed an Executive Order aimed at revitalizing U.S. Shipbuilding and reducing China’s grip on global shipping. For years, Republican and Democratic U.S. legislators have warned of China's increasing dominance in the seas as well as the diminishing U.S. navy readiness. The order instructs the U.S. trade representative to proceed with a plan, which includes charging U.S. docking fees for any ship in a fleet of vessels that are Chinese-built or Chinese flagged. Allies will also be encouraged to follow suit. The Department of Homeland Security is also required to enforce the collection of Harbor...

Six sources claim that the Trump administration may soften its proposed fee for China-linked vessels visiting U.S. port after receiving a lot of negative feedback. The industries said it could be financially devastating. Six sources familiar with the issue said that the six changes being considered include a delayed implementation as well as new fee structures aimed at reducing the cost of visiting Chinese vessels. Sources asked to remain anonymous due to the sensitive nature of the subject. The White House, and the Office of the U.S. Trade Representative(USTR), the government agency involved in the draft of the proposal, have...

Eneos Japan, the largest oil refiner in Japan, announced on Tuesday it would gradually stop production of lubricants, and certain petroleum products, at its Yokohama facility near Tokyo, by March 2028. However, they will look into moving lubricants to other facilities. In a press release, the company stated that the decision was made after a thorough review of the refining landscape and the marketing landscape. This included a structural decline in the domestic demand for petroleum and the intensifying competition in Asia. Eneos Holdings' Eneos unit said: "We have determined that it is urgent to restructure our production and supply...

Guangzhoubased Pony.ai Inc. is looking for to release its robotaxi services in Hong. Kong, signing up with Baidu in a race to supply services in. the city, as the self-governing driving firm looks to broaden its. operations internationally. Nasdaq-listed Pony.ai strategies to supply robotaxi travelling. services for airport personnel within Hong Kong International. Airport before broadening into other city locations in the city, the. company stated in a declaration late on Friday. It did not provide a. timespan for the launch. Chinese artificial intelligence giant Baidu is likewise considering. the launch of its driverless taxi service in the city after...

China's capital Beijing passed brand-new regulations on Tuesday to encourage self-governing driving technology in the city, with authorities preparing to ultimately permit driverless public buses and taxis. Self-governing automobiles that pass roadway screening and security assessments will be enabled to look for roadway trials, the state-backed Beijing Daily paper reported, which stated the new guidelines take effect from April 1. The city supports making use of autonomous automobiles for personal vehicles, metropolitan buses, cable cars and taxis, it said, adding that it wishes to encourage the building and construction of smart road infrastructure to support such transport. In a separate...

China will extend licence age limitations for motorists of mediumsized and big buses also as trucks, as part of broader efforts to attend to the obstacles positioned by an aging population, falling birth rate and a shrinking labour swimming pool. Keeping older transportation workers on the payroll will be essential to helping preserve stability throughout China's huge transportation system in the medium-term as the sector prepares to embrace more self-governing vehicles. Just over a years back, the capital Beijing enabled male bus drivers to retire five years earlier - at the age of 55 - for health factors, as it...

Japan's Nikkei share average touched its highest in more than one week on Monday, as financiers bought stocks anticipating the U.S. economy to stay strong. The Nikkei reached 39,053.64, hitting its greatest given that Nov. 15, before ending the early morning session 1.53% greater at 38,868.68. The more comprehensive Topix was up 1.02% to 2,747.14. Abroad factors are essential for Japanese stocks now as we have actually not seen much market moving catalysts within Japan, said Fumio Matsumoto, chief strategist at Okasan Securities. Wall Street closed greater on Friday, with all 3 major indexes posting weekly gains, as financiers basked...

Self-driving firm WeRide notched an appraisal of $ 4.21 billion after raising $120 million in its U.S. initial public offering (IPO) on Friday, ending up being the latest Chinese company to capitalize on reducing regulatory hurdles to list in New York. The company offered 7.7 million American depositary shares in the offering at $15.50 a piece, the lower end of its targeted range of $15.50 to $18.50 per ADS. It likewise raised around $320.5 million in a concurrent personal positioning. WeRide anticipates to raise an overall of $458.5 million from both the IPO and the personal placement. The Chinese firm,...

Tokyo City saw its stock untraded on its Tokyo market launching on Wednesday with a. excess of buy orders in early trade. Tokyo Metro, one of the capital's 2 major train. operators, raised $2.3 billion after pricing its initial public. offering at the top of an indicative variety at 1,200 yen apiece. The IPO was more than 15 times oversubscribed, Reuters has. reported, with financiers drawn to a family name with an. appealing dividend yield. The listing of a big company familiar to individual. financiers has a large benefit in widening the investor base,. Toshio Morita, CEO of the Japan...