TfL to lose £20m from delay to ‘game-changer’ Elizabeth Line September 6, 2018 Transport for London (TfL) will miss out on £20m of additional revenue from the delay to the Elizabeth Line, commissioner Mike Brown has admitted. Earlier this month Crossrail Limited, which is building the £15.4bn Elizabeth Line, unexpectedly announced that the project that will connect Abbey Wood in the east to Reading in the west instead of this [...]
RMT rail union to launch 24-hour strike this weekend over guard safety September 6, 2018 Commuters on South Western Railway (SWR) are to endure more strike action after the RMT rail union announced it will be holding further strikes this weekend and next weekend. A reduced service will be operating on most of the SWR network, which runs services out of London Waterloo and Clapham Junction to destinations such as Reading, Bristol and Exeter. Passengers [...]
Ryanair pilots vote to back deal over working conditions September 6, 2018 Ryanair pilots in Ireland have voted to accept the airline's deal over working conditions. The agreement follows five days of industrial action by pilots represented by the trade union Forsa, and was proposed after 22 hours of talks. Read more: Ryanair shares take flight after trade union agreement Around 100 of the 350 Ryanair pilots based in [...]
Thameslink owner Go-Ahead Group’s profits climb despite London Midland franchise loss September 6, 2018 Govia Thameslink owner Go-Ahead Group reported higher profits this morning despite losing a franchise and dealing with timetable chaos. Shares in the company jumped 9.4 per cent in early trading as management signalled that performance for next year would be "robust". The figures Revenue for the year to 30 June fell 0.6 per cent to [...]
Volvo dreams up its first driverless electric car September 5, 2018 Volvo has unveiled its first electric self-driving car concept, as it races to meet its own targets of making a third of its car sales autonomous by 2025. Aside from driving around town, Volvo hopes that the 360c could replace short-haul air travel, particularly for routes where the distance travelled is around 300km (186 miles) such as [...]
Chinese ride-hailing firm Didi Chuxing to plug £16m into customer service after passenger death September 5, 2018 Chinese ride-hailing firm Didi Chuxing is set to fork out 140m yuan (£16m) to improve its customer service, after a passenger was raped and killed by her driver. Founder Cheng Wei told government regulators of his decision when they visited the company as part of a nation-wide inspection into ride-hailing firms, according to reports from Chinese newspaper Beijing [...]
UK car sales grew 23 per cent in August as regulatory changes triggered deals September 5, 2018 New car registrations soared by nearly a quarter last month, with dealerships selling 94,094 vehicles. That’s a 23 per cent rise from 76,433 sold in August 2017, data released by the Society of Motor Manufacturers and Traders (SMMT) today revealed. Regulatory changes were credited with the unexpectedly high growth in a traditionally slow month before [...]
Petrol prices have risen for eight of the last 12 months, warns RAC September 5, 2018 Rising oil prices and a weakening pound are sending fuel prices rocketing, RAC warned today. Petrol has seen price hikes in eight months of the past year, while the cost of diesel has increased in nine of the last 12 months. Read more: Petrol station merger could drive up fuel prices, watchdog finds Prices at [...]
Theresa May mulls major rail review following East Coast fiasco September 4, 2018 Plans for a sweeping review of the UK’s rail franchising system are being drawn up by the government, as Downing Street hunts for a way to solve the country’s transport woes without abandoning the use of private operators. Several sources confirmed to City A.M. that Theresa May is strongly considering a review into the UK’s [...]
Ryanair cancelled 550 flights in August September 4, 2018 Budget airline Ryanair cancelled 550 flights last month, which affected more than 100,000 customers, figures released today show. A 24-hour pilot strike over pay and conditions took place across Ireland, Germany, Sweden, Belgium and the Netherlands on 10 August, grounding 396 flights. Read more: Niki Lauda-founded Laudamotion to double Airbus fleet The low-cost carrier also said [...]