Boeing ‘mulls raising more debt’ as aerospace giant feels the pinch January 6, 2020 Boeing is said to be considering whether to raise more debt to boost its finances, which have come under intense strain from the grounding of its 737 Max jet. The firm has already taken a nearly $10bn (£7.6bn) hit on the 737 Max since the second of two crashes involving the jet happened in March [...]
London gets less per capita transport funding than rest of UK, says report January 6, 2020 London receives one-third less in government funding per rail passenger journey compared to the rest of the country, according to a new report. A study by the Greater London Assembly (GLA) into transport expenditure found that London receives £8 per rail passenger journey from central government, compared to £12 for the rest of the UK. [...]
Rail groups slam TfL admission that Crossrail won’t open until late 2021 January 6, 2020 Rail advocacy groups have slammed Transport for London’s (TfL) confirmation that they do not expect the main section of Crossrail to be open before the end of 2021. Speaking to the London Assembly’s budget and performance committee today, TfL commissioner Mike Brown said he was working to a timetable of between September and December to [...]
SMMT: UK car sales plunge to six-year low despite electric growth January 6, 2020 British car sales slumped to a six-year low in 2019, as widespread economic uncertainty put the brakes on an industry whose only glimmer of hope came in the form of record electric vehicle sales. New car registrations fell two per cent to 2.31m last year, according to the Society of Motor Manufacturers and Traders (SMMT), [...]
New cycleway set to open between Greenwich and Woolwich January 6, 2020 South East London is set to get a new five-kilometre cycleway spanning from Greenwich to Woolwich. The planned cycleway will be built along the A206 Woolwich Road and will include pedestrian crossings, segregated cycle lanes and an overhaul of the Angerstein roundabout. Read more: New London cycleway to link Tower Bridge and Greenwich It will connect [...]
Revealed: London’s 10 most affordable commuter towns January 6, 2020 As the prices of annual train tickets continue to rise, life just got that bit trickier for those commuting into London every day. But for people living in the Essex town of Grays, it is not all bad, after it was revealed as the as the most affordable London commuter town. Read more: London’s best [...]
Technology in the driving seat: There’s a futuristic road ahead for the car January 6, 2020 The future of mobility is an exciting yet sometimes unimaginable concept. There’s a temptation to jump to driverless vehicles and new forms of transport without considering the evolution that is currently already happening across the mobility industry. We believe that reports of “the death of the car” are greatly exaggerated, but we also know that [...]
London bus drivers threaten strike action January 6, 2020 Londoners could face more travel chaos in the new year as 20,000 bus drivers are threatening to strike. Unite is preparing to ballot its members to decide if industrial action is taken over complaints of “chronic levels” of fatigue among bus drivers. Read more: RMT pledges to fight Tory plans for ‘minimum service’ during strikes [...]
Daimler to recall 744,000 Mercedes-Benz cars in US due to faulty sunroofs January 5, 2020 German carmaker Daimler has announced that it will recall nearly 750,000 Mercedes-Benz vehicles in the US due to fears that the sunroof glass panel could detach and become a threat. The recall covers over two dozen models from 2001 to 2011, including the C-Class, CLK-Class, CLS-Class and E-Class. Read more: Mercedes-Benz owner Daimler to cut [...]
Greater Anglia rail franchise clause at centre of dispute involving Abellio January 5, 2020 A row between rail officials in Holland and Britain has spilled over into 2020, after train operator Abellio continued to take heavy losses from a clause in one of its UK government contracts. Abellio is a subsidiary of Dutch state-owned company Nederlandse Spoorwegen (NS). Read more: Rail: Williams review recommendations ‘could take 10 years to [...]