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£3.5m scheme 'to make transport infrastructure fit for the 21st century'

The aim of the project is to help unlock economic growth and aspiration in the borough in light of planned major housing and employment growth ahead of HS2 and the UK Central developments.

Tyne & Wear Metro fleet refurbishment complete

UK: The three-quarter life refurbishment of the Tyne & Wear Metro fleet has been completed five months ahead of schedule. A total of 86 cars have been modernised over five years at a cost of £30m.

Tuesday, 04 August 2015

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Chartered Institute of Logistics and Transport

  • Airbus reports profits up by 34%Europe's aircraft maker Airbus said net profit rose 34% in the first half of the year to £1bn. The maker of the A380 jumbo jet said that revenue rose 6% to £20.3bn. Airbus also recorded a £204m net charge relating to its A400M programme, following the crash of the military craft on a test flight in May. The company said it has worked with all its partners to resume flights and deliveries. 'However, the accident caused setbacks on qualifying enhanced military capability and the schedule of planned deliveries,' the company said. Airbus has said it is still committed to the A400...

Aviation Industry

  • New US airline coalition opposes ‘Big 3’ Gulf campaignFour US airlines have formed a new coalition to oppose the campaign to fight expansion of the Gulf carriers in the US. The CEOs of Atlas Air, FedEx, Hawaiian Airlines and JetBlue Airways have submitted a joint letter to the US government saying that what American Airlines, Delta Air Lines and United Airlines are seeking would be a breach of Open Skies treaties and a political maneuver to reduce competition. read more
  • Rolls-Royce 1H profits down 32% Rolls-Royce Holdings reported underlying profit before tax of £439 million ($684.3 million) for the first half, down 32% year-over-year, on underlying revenues of £6.3 billion, down 3%. read more

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