transportation-sector
BusinessMaersk sees no suez canal return until ‘well into 2025’ due to red sea threat
BusinessAirbus delivers first A321XLR in new front against boeing
BusinessTop Chinese airlines’ profits fall as flagging economy pressures fares
Top StoriesZero-carbon ammonia for shipping faces cost, safety challenges
Ferrovial’s Q3 core profit up 36% on higher motorway traffic
Date: October 30, 2024
MADRID (Reuters) – Spanish construction giant Ferrovial on Tuesday said its core third-quarter profit rose 36% to 400 million euros ($433 million) as investments in toll road concessions in North America continued to pay off. Ferrovial’s core profit for the quarter was slightly above the average analysts’ expectation of 389 million euros, according to data...
Lufthansa reports 9% drop in third-quarter profit as core brand struggles
Date: October 29, 2024
By Joanna Plucinska, Rachel More and Ilona Wissenbach LONDON/BERLIN/FRANKFURT (Reuters) -German airline group Lufthansa reported a fall in third-quarter operating profit on Tuesday as its flagship brand struggles with low yields, competition with international airlines and spiralling costs. Third-quarter operating profit of 1.3 billion euros ($1.41 billion) was largely in line with the expectations of...
Tram derails and crashes into shop in oslo injuring four
Date: October 29, 2024
By Gwladys Fouche and Tom Little OSLO (Reuters) -A tram derailed and crashed into a store in central Oslo on Tuesday, injuring the driver and at least three other people, Norwegian police said. Emergency services treated the wounded at the scene but none were believed to have severe injuries, police said, adding there were around...
Exclusive-Panama canal seeks LNG comeback after 65% decline in traffic
Date: October 29, 2024
By Marianna Parraga, Elida Moreno and Curtis Williams PANAMA CITY/HOUSTON (Reuters) – The Panama Canal aims to regain vessel traffic carrying U.S. liquefied natural gas to Asia as demand in that market rises and a new reservation system allows shippers to lock in slots, following a 65% decline in the transit of its second-most important...
Volkswagen’s traton reports higher sales in weak truck market
Date: October 29, 2024
(Reuters) -Volkswagen’s truck unit Traton on Monday reported a 3% rise in nine-month revenue amid subdued demand for commercial vehicles. Shares in Traton fell 1.3% by 1050 GMT. Sales stood at 35.3 billion euros ($38.10 billion) by the end of September, while profitability rose at its key Scania unit with a 14.4% return on...
UK to cap bus fares in England at three pounds in 2025, say PM starmer
Date: October 29, 2024
LONDON (Reuters) – Britain’s new government will cap bus fares in England at three pounds ($3.89) in 2025, an increase from an existing scheme which expires at the end of the year and caps the fare at two pounds, British Prime Minister Keir Starmer said on Monday. ($1 = 0.7705 pounds) (Reporting by...