Uber just increased its policy firepower with former EU competition boss Neelie Kroes among new Global Policy Advisory Group members May 5, 2016 The former Brussels official in charge of competition in Europe for more than a decade is among several high-profile names joining Uber's new team of policy advisors. The transport startup which has faced regulatory hurdles in several cities across the globe, including London, has formed a new board of heavyweights to advise on the matter. The former EU [...]
Crude oil surge pushes up the price of petrol at the pumps May 5, 2016 Motorists have suffered the second consecutive month of price rises at the pumps as a result of the rebound in the oil price. A 25 per cent increase in the cost of a barrel of oil from $36.51 to $45.49 has sparked the highest price since 10 November 2015, motoring group RAC data for April shows. [...]
London mayoral election 2016: Nearly half of London’s transport users say candidates haven’t spent enough time on transport issues May 4, 2016 Nearly half of London's transport users don't think any of the mayoral candidates have spend enough time addressing the capital's transport issues, according to new research. Research from taxi app Hailo found that both Sadiq Khan and Zac Goldsmith should use the last day of campaigning to make clear their case for ensuring the future economic prosperity [...]
There’s going to be 40,000 fewer seats on London flight routes to Isle of Man this summer May 4, 2016 There will be 40,000 fewer seats on London routes to the Isle of Man this summer, according to TravelWatch. The transport watchdog said that the fall was due to the planned reduction in Easyjet flights from Gatwick on peak summer Saturdays and some peak summer midweek days, as well as the loss of Flybe's Stansted [...]
Transport Select Committee urges government to provide clear timetable for south east airport expansion plan May 4, 2016 The government's failure to set out a clear timetable for airport expansion has been blasted as a “squandered opportunity” by top MPs. In a report released today by the Transport Select Committee, which backs the construction of a third runway at Heathrow, ministers are urged to make a decision as soon as possible to end decades of “political dithering”. [...]
London facing prospect of more strike action and delays over Night Tube May 3, 2016 London is facing the prospect of more strike action over the Night Tube. Members of the RMT union are voting on whether to strike over their pay and conditions under the Night Tube deal. The ballot for action involves nearly 1,500 maintenance and engineering staff and concerns pay and pensions. Read more: Night Tube back on track? [...]
US and Europe are driving profits at Fiat Chrysler sending the share price higher April 26, 2016 Fiat Chrysler has reported first-quarter profit almost doubled to €1.3bn (£1bn) on the first three months of last year, up 88 per cent. The company, owner of the Jeep and Ram brands, has been focusing on higher-priced sport-utility vehicles (SUVs) and pickup trucks in the US. Sales of Jeeps globally rose 15 per cent compared to the same quarter last year. Car [...]
Cobham shares plunge as it scrambles to secure emergency funding April 26, 2016 Cobham shares plunged as much as 21.5 per cent this morning after the engineering group issued a profit warning and launched a £500m emergency rights issue. Its push into the commercial market to offset slowing government defence spending on both sides of the Atlantic by snapping up US communications equipment maker Aeroflex two years ago has failed [...]
This mesmerising data viz shows all of the world’s shipping routes April 26, 2016 From the hub of activity in the East China Sea to the relative quiet of Somalia’s piracy afflicted waters — the below map shows the extraordinary extent of modern shipping’s reach. The map — created by London-based data visualisation and digital journalism studio Kiln and the UCL Energy Institute — charts global merchant fleet movements over the course of 2012. It was made [...]
General Motors doubles profit in the first quarter, turbo charged by cheap petrol and easy access to credit April 21, 2016 General Motors (GM) has reported profit more than doubled to $2bn (£1.4bn), or $1.24 a share, in the first quarter of 2016. Revenue for the first three months of the year climbed by 4.5 per cent to $37.3bn. The bottom line figures easily beat out analyst estimates of $1.01 per share on revenue of $35.4bn. Cheap petrol and consumers' [...]