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A subsidiary of CRRC is accused of undercutting its European rivals for an electric train contract in Bulgaria
...HS2 Ltd, the company in charge of the project, is now looking at ways to change the specifications for the trains it has ordered to tackle that drop in capacity, although no contracts have yet been amended...
USS, Canada’s CDPQ and Singapore’s GIC push to exit, putting £2.4bn deal with Saudis and private equity at risk
...Dr Martens said that earnings in the current financial year would be “moderately below” the bottom end of the range expected by analysts....
...The past few months have been challenging for iconic bootmaker Dr Martens....
...The recovery of Hong Kong as an aviation hub would be “heavily dependent” on a Cathay comeback, said Willie Walsh, head of the International Air Transport Association, at an event in Hong Kong on Wednesday...
Big outage in August 2023 ‘more protracted’ because engineers were not in the office
...Industry body International Air Transport Association said it expected China’s overall passenger traffic to recover to 2019 levels this year....
...The capital’s transport authority had earlier argued that its offer of a 5 per cent rise for staff was all it could afford....
...Dr Martens has warned that its profit margins will fall this year as the UK bootmaker ploughs investment into a business that has been beset by distribution problems in the US, sending its shares down by...
Deal between buyout group and Esken ends months of wrangling over future of Southend airport
Former Copenhagen airport head will need to smooth relations with airlines and make a decision on a third runway
...I asked the Department for Transport for these workings....
...The poor cost management indicates a “failure of governance and oversight” at both HS2 Ltd, the arms length body running the project, and the Department for Transport, and follows years of warnings by the...
...The transport department said the North Wales project was part of a “massive investment in roads and local transport” that would benefit communities across the North and Midlands “more quickly than would...
UK airport forecasts passenger numbers this year reaching all-time high
...Transport authorities are investigating the details of the collision, with a view to ensuring that such an unusual and tragic accident, in which five people died, does not happen again....
Esken considers new funding deal for struggling Southend airport in exchange for giving up control
...HS2 Ltd and the Department for Transport are at pains to show the project has benefits after criticism earlier this month by a cross-party committee of MPs who said it offered “very poor value” for money...
Henry Staunton hits back after business secretary accuses him of ‘seeking revenge’ over compensation for postmasters
...The Japan Transport Safety Board is investigating the incident along with police and other official agencies....
Cross-channel train operator offered a ‘very small percentage’ of fares at £39, says advertising regulator
Some traders have threatened legal action and sought to alter contract terms so ship owners take the cheaper, faster route
...In 2023, transport backlogs pushed South Africa’s coal exports down to 50mn tonnes, their lowest since 1993. As with Eskom, the worst may be over....
Many passengers remain stranded despite trains running again
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