transportation-sector
Top StoriesUK’s Biggest Rail Strike in 30 Years Disrupts Travel, PM Johnson Vows to Stay Firm
Top StoriesBritain Relaxes Airport Slot Rules to Help Avoid Cancellations
Top StoriesAirlines Warn Oil Companies to Speed up Alternative Fuel Production
Top Stories‘Perfect Storm’ for Airlines Facing Strong U.S. Dollar and High Oil Prices
Old Is Gold: Sky-High Cost of Ageing Ships Sounds Inflation Sos
Date: June 21, 2022
By Joe Brock SINGAPORE (Reuters) – Shipping companies are transforming rust buckets into gold mines in a modern-day alchemy that could fuel already rampant inflation for years to come. The disruption to world trade caused by pandemic lockdowns and a shortage of new cargo vessels has pushed freight rates for ageing container ships to record...
Iveco to Make Low Emissions Buses in Italy
Date: June 20, 2022
MILAN (Reuters) – Truckmaker Iveco Group said on Monday it planned to restart bus production in Italy after more than a decade, taking advantage of funds from the EU-funded Recovery Plan to develop a fleet of low emission public transport vehicles. The group, which separated at the beginning of this year from former parent CNH...
Airlines Upbeat on Recovery but Labour Shortages May Hurt Growth
Date: June 20, 2022
By Tim Hepher and Alexander Cornwell DOHA (Reuters) -Global airlines battered by COVID-19 seem confident of narrowing their losses but still face challenges such as labour shortages at airports which could restrict post-crisis growth, industry executives at a summit in Doha said. Recent flight delays and cancellations have been widely blamed on a lack of...
Air Freight Demand Begins to Wane Amid Global Economic Shocks
Date: June 20, 2022
DUBAI (Reuters) – The strong air cargo demand that has helped passenger-deprived airlines stay afloat over the past two years is showing signs of softening amid decades-high inflation that is pushing up costs. The Baltic Air Freight Index, which shows weekly transactional rates for general cargo, fell 8.7% last week, while the airlines group IATA...
High Fares, Rising Economic Worries Could Weigh on Airline Recovery
Date: June 20, 2022
By Jamie Freed DOHA (Reuters) -Pent-up demand from the pandemic means consumers are weathering high airfares, but as summer ends and inflation and interest rate rises begin to bite, there are growing questions over whether the appetite for travel is sustainable. Global airlines are now expected to post a $9.7 billion loss in 2022, a...
Analysis-Europe’s Summer of Discontent Reveals Travel Sector Labour Crisis
Date: June 20, 2022
By Toby Sterling, Caroline Pailliez and Tim Hepher AMSTERDAM/PARIS/DOHA (Reuters) -After 21 years as a service agent at Air France, Karim Djeffal left his job during the COVID-19 pandemic to start his own job-coaching consultancy. “If this doesn’t work out, I won’t be going back to the aviation sector,” says the 41-year-old bluntly. “Some shifts...