Transportinfo.org.uk - today's transport news in the uk, hand picked for you each morning

Thursday, 24 October 2024

Financial Times

• Tesla’s upbeat earnings and bullish forecast propel shares 12% higherElon Musk’s carmaker predicts ‘slight growth’ in 2024 deliveries despite sluggish start to the year
• Addison Lee to be bought by Singapore-listed group in £269mn dealUK private-hire taxi company is due to undergo its third change of ownership in just over a decade

The Guardian

• Bring in pay-per-mile road pricing across UK, urges Tony Blair’s thinktankRachel Reeves urged to shelve fuel duty plans and overhaul taxes amid expected switch to electric vehiclesA pay-per-mile road pricing system must be brought in now, according to Tony Blair’s thinktank, which is urging the chancellor to overhaul motoring taxes.Rachel Reeves is widely expected to confirm the end of a temporary 5p cut in fuel duty, and possibly announce an inflationary rise in the tax paid on petrol and diesel at the pumps, in her budget next Wednesday.

Times Online

• UK car production down a fifth as makers switch to electric [subscription]September saw a 20.6 per cent decline as manufacturers continue to wind down current models in a shift to zero-emission vehicles

Birmingham Mail

• Midlands motorway junction named as UK's worst speeding hotspot - with half of all drivers ignoring speed limitNew data reveals the roads which have the biggest problems with speeding - with three in the West Midlands making the top five

Bolton News

• Roads could see 'thousands of extra vehicles' around expanded industrial estateRoads around a massive industrial estate expansion could see “thousands of extra vehicles” over the coming years, representatives say

Other Regional Press

• Council ?confident? transport network can cope with 4,200 new homesWARRINGTON Borough Council says it is ?confident? that the transport network will be able to accommodate the additional demand generated by thousands of new homes in part of the town.

Chartered Institute of Logistics and Transport

• ComfortDelGro acquires Addison Lee in £269 million dealMultinational transport group ComfortDelGro Corporation Limited has announced that its wholly-owned subsidiary CityFleet Networks is acquiring Addison Lee, London's premium private hire, courier and black taxi provider, for £269.1 million. ComfortDelGro said this acquisition serves as a catalyst for the company's expansion into an attractive premium mobility segment. The multinational transport group hopes this will strengthen its overall point-to-point proposition in the UK and globally. Upon completion, 7,500 drivers and 5,000 vehicles from Addison Lee's ...

Other News Sources

• £106,500 of grants awarded to support community transport in OxfordshireNine organisations are to share £106,530 to help them continue to provide community transport in Oxfordshire.