Average commute increases to 59 minutes per journey, TUC study reveals November 15, 2019 Commuters are spending around 221 hours on average each year getting to and from work according to new research. The average journey to or from work took 59 minutes last year, a study by Trades Union Congress (TUC) revealed. Read more: Toxic tube a health hazard for commuters It is more than five minutes longer [...]
Interserve CEO Debbie White confirms exit plan November 15, 2019 Interserve chief executive Debbie White has announced she will step down at the end of the year after implementing a turnaround plan at the company. The outsourcer also revealed a new operating structure, separating the group into three business divisions – construction, equipment services and support services – which will each be led by a [...]
Watchdog pauses investigation into First Group’s West Coast Rail franchise November 15, 2019 The UK’s competition watchdog has paused its investigation into the decision to award the West Coast Rail franchise to First Group after the company offered to make changes to the deal. The Competition and Markets Authority (CMA) said last week it would escalate its probe into First Group’s joint venture with Trenitalia on the route unless [...]
Eddie Stobart agrees £55m rescue deal as losses mount up November 15, 2019 Eddie Stobart has issued a warning to shareholders that its expected losses for the six months ending 31 May stand at more than £12m. The British haulier delayed the publication of its results after undertaking a review of its accounts following the discovery of a £2m error in its 2018 results. The company’s shares were [...]
Daimler to cut thousands of managers to pay for electric cars November 14, 2019 Daimler, the maker of Mercedes-Benz cars, will cut a tenth of all its manager-level workers across the globe, in a bid to slash €1.4bn worth of personnel costs. The German manufacturer said this morning the cuts came as its profit would fall significantly over the next two years because of the shift to electric vehicles. [...]
Victoria line drivers prepare for November Tube strike November 14, 2019 The Victoria line will grind to a halt in two weeks’ time thanks to a 24-hour drivers strike. The National Union of Rail, Maritime and Transport Workers (RMT) said today that Victoria line drivers would walk off the job from 10pm on Wednesday 27 November for 24 hours. Read more: London Underground: Rail union threatens [...]
First Group shares sink as losses widen after Greyhound charge November 14, 2019 First Group’s share price sank today as it fell to a £187m half-year loss as transport charges hobbled the firm while doubts weigh over the future of its West Coast Rail franchise. Read more: CMA flags competition concerns on 21 West Coast Rail franchise routes The figures The transport giant fell to a loss before [...]
Tube delays hit three lines in rush hour after Edgware Road incident November 14, 2019 Severe Tube delays have hit multiple lines today after a faulty train at Edgware Road caused knock-on problems across the Underground. The entire Circle Line was suffering bad delays due to the issue, as is the Hammersmith & City Line. Read more: Revealed: These are London’s most crowded Tube lines Transport for London (TfL) urged [...]
Uber launches new safety measures in bid to secure a London licence November 14, 2019 Uber passengers will now be able to report discrimination immediately as a part of the app’s push to quell fears about safety and secure a long-term London licence later this month. The ride-hailing app was given a two-month licence extension by Transport for London (TfL) in September. TfL said it needed to see more evidence [...]
Brexit has cost Britain a Tesla gigafactory, according to Elon Musk November 13, 2019 Britain missed the opportunity to have Tesla’s first European factory because of Brexit, according to chief executive Elon Musk. Instead, the electric car maker plumped for a site near Berlin for the so called gigafactory, where it will make batteries, powertrains and vehicles. Read more: Tesla holds share gains after surprise third quarter profit The [...]