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...If you want to meet any target when it comes to decarbonisation you have to think about electrifying the fleet,” he said. “There is no solution but to continue to deploy capital in public transport.”...
...The transport department is holding talks with operators to reopen their contracts and introduce an incentive to boost passenger revenue as soon as next month, according to industry executives and government...
...caused it to delay publishing its full-year results twice....
...But under the system brought in during the pandemic, the government pays all train operators a fee — typically between 1 to 2 per cent of their cost base — to run trains to tightly specified instructions...
...The announcement came as the bus, coach and rail operator reported a 36 per cent fall in adjusted pre-tax profits for the year to the end of December, to less than £93mn, in delayed annual results on Monday...
...In the short term, it is targeting sales among China’s logistics operators, and claims to have dozens of partnerships and trial projects already under way, including with ZTO Express, one of the country’...
...The EU Agency for Cybersecurity published its first report on threats to transport in March last year....
...Aslef on Thursday called off planned strikes on the London Underground that were due to begin next week, saying the “key issues” in a dispute over working practices had been resolved after talks with Transport...
...One FastRig should be fitted in September to the Pacific Grebe, a vessel used to transport spent nuclear fuel and other highly radioactive material around the world....
...Many terminal operators expect that problems will continue for as long as services are being rerouted....
...But operators continue to signal a willingness to suffer in the name of growth. Japanese company ONE this year confirmed an order for 12 methanol-powered dual-fuel vessels....
...This maximum fee of £31.7mn per year is equivalent to a margin of around 1.85 per cent of its cost base....
...Separately, private operators warned nationalising train companies could lead to up to billions of pounds of new liabilities from long-term rolling stock lease contracts being added to the public sector....
...The funding model means operators’ annual budgets are set by the government and they have no incentive to increase the revenue or attract riders on to the railway, although they are paid bonuses based on...
...Dee, chief executive of the Airport Operators Association, a trade body....
...Transport in America is having a crisis moment....
...Travel company Viking Holdings expects to raise up to $1.1bn in its initial public offering in the US, as the market for listings heats up after two years of subdued activity....
...“That’s not to reduce heads — that’s to take people into this [parcels] unit. People who would have been doing manual sorting are being retrained to be machine operators or to be forklift drivers.”...
...It said it was prepared to support the “iconic business” as it transformed and rebuilt into a “modern postal operator.”Křetínský, a lawyer-turned-energy tycoon, now has until May 15 to make a formal offer...
...The first 60 battery-powered buses will be leased to the Go-Ahead Group, one of Britain’s biggest transport operators, and run on routes throughout London....
...Depending on the route, private train operators can then compete on trains, pricing and onboard services, to targets and standards — for an incentive....
...The three-day strike by the GDL union led to the cancellation of 80 per cent of long-distance trains, according to Deutsche Bahn, the state-owned rail operator....
...Transport secretary Mark Harper agreed a contract extension of up to nine years in September 2023....
...Demand to move goods from Asia to Europe by rail via Russia has soared since the start of the Red Sea crisis, according to logistics companies and rail operators, boosting the finances of the country’s state-owned...
...Mobico is the second-largest rail operator in North Rhine-Westphalia and one of the top five operators in Germany....
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