Breaking News

Decision on third runway delayed

A decision on whether a third runway should be built at Heathrow Airport has been put back to 2009.

Stagecoach shares tumble after warning

The bus and rail company warned that commuter numbers will fall next year as the recession bites in the South East but the group predicted more people would start to use the bus

British Airways’ premium numbers plunge as banks’ crisis relegates City executives to economy class

Cuts by City banks in their business-class travel contributed to a 10.8 per cent year-on-year fall in the number of premium passengers carried by British Airways last month.

Electric shock as sales of green cars go into reverse

Sales of electric cars have fallen by more than half this year, according to figures released two days after the Government’s climate change advisory body predicted a huge increase.

Thursday, 04 December 2008

BBC News

Financial Times

The Guardian

  • Transport shares lead market lowerTransport shares are helping to send the market lower after rail and bus group Stagecoach warned of tough times to come. The company said the outlook for its rail business in particular was challenging and planned to cut jobs in the division to make it more competitive. Its shares have lost 33.5p to 138p. Rival FirstGroup is down 20p to 410p, while Go-Ahead has fallen 133p to £10.39 and National Express is 48.75p lower at 497.75p.
  • Flights resume out of Bangkok as protesters lift airport siegeHopes for the hundreds of thousands of foreign travellers stranded in Thailand were raised yesterday when the first international passenger flights left Bangkok's main airport after anti-government protesters ended their eight-day siege.
  • Heavy snow and high winds forecast to cause travel chaosMany parts of the UK were forecast yesterday to wake up today to find a thick covering of snow making the daily commute treacherous.

The Herald

The Telegraph

  • Stagecoach feels commuter painStagecoach put the skids under the UK rail sector with a warning that rising unemployment in London could lead to a sharp slowdown in profits from its three main train franchises. Shares in the operator of South West Trains and East Midlands Trains – which also owns 49pc of Virgin Rail – dived 28.30 to 143.20p on Wednesday as house broker Credit Suisse chopped operating profits forecasts for the year to April 2010 from £214m to £173m. Go-Ahead shares fell 155p to £10.17, National Express 47½ to 499p, First Group 35¼ to 394¾p and Arriva 37 to 558½p, in a sector-wide sell-off.

Times Online

Mail Online

Manchester Evening News

  • City's gridlock miseryThe road network was brought to a standstill as City and United played simultaneous home games for the first time in more than five years.

Metro

The Press and Journal (Aberdeen)

  • Bus services to be hit by strikesBus services in Aberdeen run by transport giant First are set to grind to a halt during the festive period after drivers rejected a revised pay offer.
  • Laird shows impact of bypass on estateA campaigning laird whose family home lies 330ft from the proposed Aberdeen bypass yesterday led Scottish Government Reporters around his estate as part of the public local inquiry.

Wales Online

  • End of the road for the M4 relief scheme?Transport and business experts fear the M4 Relief Road around Newport may never be built, after it failed to make the top 10 in a list of Welsh priority road investments.

Yorkshire Evening Post

Carlisle News & Star

Chartered Institute of Logistics and Transport

  • Deutsche Bahn warns of freight traffic dipDeutsche Bahn has warned that its freight traffic levels could fall by up to 40 per cent year-on-year in December 2008.According to the company, the financial problems being experienced by many companies in the automobile, steel, chemicals and building sectors could lead to a fall in freight business this year.

Other News Sources

  • No repeat of rail problems after Christmas RAIL bosses have promised commuters in south Essex there will be no repeat of last year’s problems getting back to work after the Christmas holidays. Essential engineering works on the Southend Victoria line this Christmas will be completed on time, say Network Rail.
  • Stagecoach falls as London commuters lose jobsStagecoach shares tumbled in opening deals as the group said rising unemployment will hit demand for its rail business in London over the next year or so, sparking analysts to downgrade their earnings forecasts. The comments wiped 33p, or 19.36%, off Stagecoach shares to 138.30p and dragged on peers. Arriva fell 21.5p to 573.5p, First Group was down 19p at 109.5p, while Go-Ahead dropped 115p to £10.56 and National Express fell 32.5p at 512p.
  • Business leaders assured station plans still on trackAMBITIOUS plans to transform Peterborough's railway station are still well on track, business leaders were reassured last night (2 December). Concerns had been growing that the credit crunch may have slowed down the momentum of the £50 million station quarter plans, which include a complete overhaul of the current station, including a new west side entrance, and the surrounding area to create a new gateway to the developing city.
  • Extra trains boost for Lichfield rail passengersLICHFIELD rail passengers are to get an early Christmas present as more trains are laid on to Birmingham – with even more in the pipeline. Shopaholics and revellers are set to benefit from major rail improvements announced across north Birmingham. From December 15, the number of evening and Saturday services on the Cross City Line North – Birmingham New Street to Lichfield – will be increased by regional transport authority Centro and train company London Midland.
  • Retailers' collapse may hurt DHL and WincantonMore than 500 jobs spread between DHL Exel Supply Chain and Wincanton may be affected after retail giants MFI and Woolworths collapsed into administration on the same day last week.
  • British Airways: Walsh reaches for the skiesIt might have been thought that simply keeping British Airways in the air - was enough of challenge for the carrier's chief executive Willie Walsh
  • Stagecoach jolt as job axe culls commutersStagecoach today admitted for the first time that its commuter train services have become a victim of the financial crisis and the loss of up to 100,000 London jobs
  • TfL seeks agency to create sponsorship opportunitiesTransport for London (TfL) is seeking an agency to find sponsorship opportunities for the body. It is inviting agencies to pitch through a tender process.
  • Virgin Atlantic set to ramp up anti-BA/AA campaignVirgin Atlantic is planning to ramp up its campaign against British Airways in the wake of reports that it is in talks with Australian rival Qantas Airlines about a potential merger.

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