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...Shares in Alstom, the French train manufacturer, plunged 37 per cent on Thursday morning after the company warned that cash flow would turn sharply negative this year because of inventory build-up and delays...
...build 443 electric trains that it inherited when it bought Canada’s Bombardier Transportation in 2020....
...US airlines generated $6.8bn from them in 2022, the latest data available, according to the Bureau of Transportation Statistics. That is more than double from a decade earlier....
...Iceland plans to put the new funding towards decarbonising sectors of its economy which still rely on fossil fuels, including transportation and the chemicals sector....
...Alstom: Shares in the French transportation manufacturer plunged 37 per cent having been suspended at the open, after it warned its yearly free cash flow would be sharply negative because of inventory build-up...
...And today, the National Transportation Safety Board chair wrote a letter to two senators about investigators’ challenges determining what exactly happened when Boeing worked on the “door plug” that blew...
...“We are going to work with the [National Transportation Safety Board] who is investigating the accident itself to find out what the cause is . . . I trust every step they take.”...
...Japanese conglomerate Hitachi recently took a £65mn writedown on its Newton Aycliffe plant, while French transport equipment maker Alstom warned it had six weeks of work left at its plant in Derby....
...The door panel blowout in January was caused by missing bolts, according to a preliminary report by the National Transportation Safety Board....
...A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...Technical specialists from the National Transportation Safety Board, the independent US government agency responsible for investigating civil transport accidents, will be poring over every inch of the door...
...Chief financial officer Brian Newman said that the macroeconomic environment “showed improvement” in the fourth quarter, but “the transportation and logistics sector conditions remained under pressure both...
...“Safety will continue to drive our decision-making as we assist the [National Transportation Safety Board’s] investigation into Alaska Airlines Flight 1282.”...
...The door plug — a “key component” for investigators — was located in the backyard of a Portland resident on Sunday night, according to Jennifer Homendy, chair of the National Transportation Safety Board,...
...The National Transportation Safety Board’s report on Tuesday is the first official account of how the door plug could have fallen out of the fuselage of an Alaska Airlines plane 16,000 feet over Oregon on...
...The National Transportation Safety Board, which is investigating the incident, located the door from the Alaska Airlines flight on Monday in a Portland, Oregon, suburb....
...Autonomous driving, public transportation with a futuristic spin and flying cars were just some of the items and ideas on display....
.... ©2023 Nikkei Inc. All rights reserved....
...They include SpaceX, his rocket business, Neuralink, which is developing brain implants, xAI, an artificial intelligence venture designed to compete with OpenAI, and the Boring Company, which is digging transportation...
...Jan Dieleman, president of ocean transportation at leading US food trader Cargill, which leases about 700 ships, said the shipping industry was seeking to apply “something that is black and white to [an...
...A version of this article was first published by Nikkei Asia on November 23. ©2023 Nikkei Inc. All rights reserved....
...TC Energy, the Canadian pipeline operator behind the aborted plan to build the controversial Keystone XL crude pipeline, said in July it was spinning off its oil transportation business to concentrate on...
...“There seems to be a perspective on the part of buyers that oil transportation is riskier because it’s a heavier, dirtier product.”...
...Siemens, or ZETF, or Schneider, or Alstom - all these companies that make trains, I mean, they're profitable industrial companies. They don't run the service....
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