Breaking News

BAA passenger numbers tumble 10%

Airport operator BAA saw passenger numbers at its London airports fall 10% in the first three months of 2009, as it was hit by the recession.

Disabled pay more for transport than able-bodied passengers

Disabled travellers often pay more for public transport than able-bodied passengers and suffer a worse service, according to a new report.

Tuesday, 05 May 2009

BBC News

Financial Times

  • BAA losses widen as debt costs spiralBAA revealed on Tuesday widening losses after passenger numbers at its airports fell for the second consecutive quarter and costs associated with its £9.5bn debt pile soared.
  • CBI tested in spat over Heathrow runwayThe CBI is facing a test of its authority as the main voice of business after its supportive stance on Heathrow's expansion was undermined by a band of prominent executives
  • Porsche and VW to clash over rescue plan The feuding families that control Porsche are set to argue over rival rescue strategies for the highly-indebted German sports carmaker.
  • Shell at risk of investor pay revoltShareholders in Royal Dutch Shell have been advised to vote down the UK group's remuneration report in protest against discretionary pay awards made to executives.
  • Fiat setback in plans for European groupFiat's plan to build a European car group with Chrysler and GM's German unit, Opel, began to hit obstacles as Berlin issued conditions for any Opel buyer,and dissident Chrysler creditors said a sale to Fiat would be 'patently illegal'.
  • Network Rail pressed on night repairsMinisters are urging the infrastructure owner to carry out more maintenance at night in a bid to improve the running of Britain's railways
  • Maersk calls for safe lane off eastern SomaliaPirate activity in the Indian Ocean has risen since March, as ships in the Gulf of Aden, off northern Somalia, where most attacks took place last year, have stepped up security measures

The Guardian

  • Alstom sees rail boost, confirms margin goalAlstom, maker of France's high-speed trains, said worldwide economic stimulus plans would support rail demand as it stuck by an operating margin target of around 9 percent in the year to March 2010.
  • Budgets and bullet trainsObama's plan to introduce high-speed rail to the US is revolutionary – but the funding is far short of what is needed
  • Germany warns of Fiat plan costsIn creating the world's second-largest car company, Fiat would close plants and axe workers, warns German economy ministerFiat's plans to take over General Motors' European operations to create the world's second-biggest car manufacturer will involve plant closures and substantial job losses, Germany's economy minister, Karl-Theodor zu Guttenberg, warned today.Speaking after a meeting with Fiat's boss, Sergio Marchionne, in Berlin this afternoon, Guttenberg described the Italian group's plans to take control of Opel, the German subsidiary of General Motors, as
  • Pilots refuse to take part in ID trialsAirline pilots are to become the first group to refuse to take part in the national identity scheme when compulsory trials start at Manchester and London City airports this autumn.The British Airline Pilots' Association (Balpa ), which represents more than 80% of commercial airline pilots, is to mount a legal challenge to Home Office plans to use

The Herald

  • The next train is too fast for your stationExclusive: Rail passengers have ­complained that people using smaller stations along the west coast main line route are losing out badly after a reduction in the number of stopping trains.

The Scotsman

The Telegraph

Times Online

The Mirror

Transport Briefing

  • Wolverhampton tram loop consultation gets underwayBusinesses in Wolverhampton trading beside the route of a proposed tram line extension will this week be asked to give information about their day to day operations as detailed design work gets underway.
  • London Underground chief takes seat on First boardOutgoing London Underground managing director Tim O'Toole has accepted a seat on the board of First Group as part of a raft of changes to the Aberdeen-based transport's group top management tier.

Belfast Telegraph

The Press and Journal (Aberdeen)

The York Press

Yorkshire Evening Post

Washington Post

  • Fiat Works Toward Deal for Opel With Chrysler in hand, Fiat chief executive Sergio Marchionne is stepping up efforts to expand Fiat's automotive empire by acquiring a majority stake in General Motors' German unit Opel.
  • Chrysler Gets Green Light for Federal Loans NEW YORK, May 4 -- A U.S. bankruptcy judge Monday approved Chrysler's request to begin using $4.5 billion in government loans, a key step in the automaker's plan to emerge quickly as a stronger, global company.

Chartered Institute of Logistics and Transport

  • Hapag-Lloyd increases Far East ratesHapag-Lloyd has revealed that it is raising its rates for services from the Far East to northern Europe and the western Mediterranean.From June 15th 2009, the shipping line will increase rates by $500 (£336) per twenty-foot equivalent unit (TEU) from the Far East and by $150 per TEU in the opposite direction.The company is also imposing a peak season surcharge of $150 per TEU between August 1st and October 31st this year.One of the largest shipping lines in the world, Hapag-Lloyd owns around 130 ships and employs more than 7,500 people in 130 countries around the globe, transporting 5...

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  • Number of laid-up bulk carriers fallsTHE number of bulk carriers in lay-up or idle at ports around the world fell in April, as a combination of Chinese demand for iron ore and better freight rates saw unemployed ships resume trading.
  • Fench navy captures 11 pirates after attack on frigateAT LEAST one vessel was confirmed to have been hijacked over the weekend and 11 pirates are still in custody aboard the French frigate Nivose, after mistaking the ship for a merchant vessel and attacking it.

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