transportation-sector
Top StoriesRhine Level in Germany Falls Again, Ships Only Part-Loaded
Top StoriesLufthansa Sees Return to Full-Year Profit as Travel Picks Up
Top StoriesMaersk Sees Weaker Demand for Shipping Containers This Year
Top StoriesTruck Maker Volvo Group Plans to Build Battery Plant
Uber Turns Cash Flow Positive for the First Time in Bumper Quarter
Date: August 2, 2022
By Nivedita Balu (Reuters) – Uber Technologies Inc reported positive quarterly cash flow for the first time ever on Tuesday and forecast third-quarter operating profit above estimates, as more people rely on its services for transport and ordering in food. The company’s stock surged 15% to $28.2 and helped push shares of Lyft Inc by...
Maersk Sees Global Supply Chain Woes for Longer; Lifts 2022 Guidance
Date: August 2, 2022
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected. The shipping industry has seen record profits in recent quarters due to a surge in consumer demand and pandemic-related...
Vinci’s Half-Year Revenue Jumps as Air, Road Traffic Rebound
Date: July 29, 2022
(Reuters) -French infrastructure group Vinci on Friday reported a 26% rise in half-year sales as airport traffic rebounded and motorway traffic surpassed pre-COVID levels. Europe’s biggest construction and concessions firm said first-half sales rose to 28.5 billion euros ($29.1 billion) from 22.6 billion a year earlier, also surpassing the 2019 pre-pandemic level by 31%. “Vinci’s...
Air France-KLM Lowers Capacity Forecast Citing ‘operational Challenges’
Date: July 29, 2022
By Dina Kartit and Juliette Portala (Reuters) -Air France-KLM on Friday lowered its third-quarter capacity forecast citing operational difficulties at airports that could weigh on its performance. The company expects capacity to reach 80% to 85% of levels achieved in the third quarter of pre-pandemic 2019, cutting a forecast it made in May of 85%...
UK’s National Express Posts Jump in Half-Year Profit as Summer Travel Revives
Date: July 28, 2022
(Reuters) -British transport firm National Express Group on Thursday reported a surge in its half-year profit on the back of rebound in summer travel demand from a slump during the coronavirus-led lockdowns last year. London-listed shares in the school bus and coach operator jumped 8.5% to 194.2 pence in early trading. From people wary of...
Britain’s Rail Network Hit by New Strike Action Over Pay Dispute
Date: July 27, 2022
By Kylie MacLellan LONDON (Reuters) -Britain’s rail network suffered major disruption again on Wednesday as staff walked out in a row over pay and conditions, the latest in a wave of industrial unrest as wages fail to keep pace with soaring inflation. The 24-hour strike by more than 40,000 members of the RMT and TSSA...