Breaking News

Low Gatwick passenger number may hit price-bidders

UK airports operator BAA may raise less than it hoped from the sale of London's Gatwick after latest passenger numbers there disappointed, putting downward pressure on its valuation, bidders said on Thursday.

Go-Ahead's rail passenger growth slows sharply as experts warn boom may end

Britain's busiest train operator has reported a sharp slowdown in passenger growth on its main commuter franchise, providing further evidence of the weakening rail market.

Investigation reveals ticket pricing system ’defies logic’

Rail passengers travelling on cross-border services can pay as much as £163 difference in two tickets for the same journey.

Friday, 24 April 2009

BBC News

Financial Times

  • Fiat pursues GM Europe stake Fiat has set its sights on becoming one of the world's leading carmakers, signalling an interest in taking a stake in General Motors' European business as it rushes to cement an alliance with Chrysler
  • Rail chief warns on high fare pricesPassengers could be
  • Franz lined up as Lufthansa chiefLufthansa, the German airline, looks set to appoint Christoph Franz, the head of its Swiss airline unit, as group chief executive next year after yesterday naming him...
  • China Cosco to cancel or delay ship ordersThe world's largest dry bulk shipping line plans to cancel or postpone some of its vast portfolio of ship orders, scotching speculation that the transport company might be forced to increase its order book to support China's shipyards

The Guardian

  • Low Gatwick passenger number may hit price-biddersUK airports operator BAA may raise less than it hoped from the sale of London's Gatwick after latest passenger numbers there disappointed, putting downward pressure on its valuation, bidders said on Thursday.
  • Economy, charges take bite out of BNSF Q1 profitCHICAGO, April 23 (Reuters) - No. 2 U.S. railroad Burlington Northern Santa Fe Corp reported a better-than-expected net profit despite a drop in freight volumes due to the U.S. recession, sending its shares up 1.7 percent in after-hours trading.
  • Go-Ahead's rail passenger growth slows sharply as experts warn boom may endBritain's busiest train operator has reported a sharp slowdown in passenger growth on its main commuter franchise, providing further evidence of the weakening rail market.
  • Fiat in talks to buy Opel and VauxhallThe Italian car group Fiat could take over General Motors Europe, including UK-based Vauxhall and Germany's Opel, it emerged today.A flurry of media reports suggested that Fiat chief Sergio Marchionne has shown interest in buying GM Europe in talks with German government officials, who said Canada's car-parts supplier Magna is also keen to buy.Vauxhall, which produces cars and vans at its Ellesmere Port and Luton plants, employs 5,000 workers while GM Europe employs 25,000 in Germany.The potential tie-up emerged as GM prepared plans to shut much of its US manufacturing operation for nine weeks...

The Herald

The Scotsman

The Telegraph

  • National Rail Enquiries application angers customersHundreds of angry rail passengers have been complaining about the National Rail Enquiries iPhone application. More than 500 people have reviewed the app, which gives travelers live access to train running times and delays, but almost half of them have given the application one star. The app currently has an average rating on iTunes of two-and-a-half stars out of five.
  • Motorists on all fours to collect from Britain's smallest ticket machineThe machine, which is 3ft tall, dispenses the pay-and-display tickets only 18 inches above the ground at the short-stay car park in Sheringham, Norfolk.

Press Association

  • Rail services key to North economyImproving rail services from Manchester would boost the North's economy by an estimated £16 billion, according to the Northern Way think tank.

Daily Record

Network Rail

Belfast Telegraph

London Evening Standard

Manchester Evening News

The News (Portsmouth)

The Press and Journal (Aberdeen)

The York Press

Washington Post

  • Airlines feel pinch of falling business traffic MINNEAPOLIS -- First-quarter airline results are in and it's nearly all red ink with JetBlue and AirTran the notable exceptions.
  • Chrysler aims for Fiat but readies bankruptcy plan WASHINGTON/NEW YORK (Reuters) - With a week remaining for Chrysler LLC to clinch a deal with Italy's Fiat , the U.S. automaker is readying a bankruptcy plan but still focused on reaching an alliance with the support of the Obama administration, people with knowledge of the discussions said on Thursday.

Transport for London

Aviation Industry

  • Body calls for road pricing fund switchThe DfT must abandon its drive for local road pricing if no cities opt to introduce congestion charging schemes this year, according to a leading think-tank.

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