Transport

French train manufacturer Alstom has finalised its 2 billion euro recapitalisation and asset disposal programme by selling its American rail signalling business for $690 million. This sale marks the culmination of Alstom's efforts to…

Western airlines are significantly reducing flights to China due to several factors, including low demand, high costs related to flying around Russian airspace, and growing competition from Chinese carriers. Recently, British Airways…

Boom Supersonic's founder explains why air travel will be at 1,300mph in the future. The founder of a company that is seeking to build the successor to Concorde, has reacted to "flight shame" activists calling for an end to mass travel.…

British Airways, the owner of British Airways, will pay its shareholders a dividend for the first since the outbreak of the pandemic. The company has enjoyed a successful first half of 2024 with a positive outlook for the remainder of the…

Nasdaq 500 and S&P 500 experienced their biggest single-day percentage drops since 2022, after US technology stocks plunged due to disappointing earnings by Alphabet and Tesla. The Nasdaq Composite dropped by 3.6% to a new low for…

Tesla's second quarter profit dropped 45 percent compared to a year earlier as global electric car sales continued their decline despite price reductions and low-interest finance. The Texas-based firm said Tuesday that its net income…

According to a report by the government's watchdog on spending, the axing HS2's 2nd leg will likely mean higher train fares along the west coast mainline between London and Manchester to reduce demand. Rishi Sunak , who cancelled the…

As they prepare to fly off this summer, thousands of holidaymakers are going to be horrified by the cost of airport parking. Stop reading if you do not want to find out how much money airports make. Last year, the UK's largest four…

The UK Transport Secretary has called for train companies to "take immediate action" to improve reliability, while launching an investigation into the "worse performance" of Britain’s railways. Louise Haigh, the British Transport…

Tesla's deliveries surpassed Wall Street expectations Tuesday, as its price cuts and incentives stimulated demand. Elon Musk's carmaker delivered 443,956 cars in the three-month period ending June. This is a 4.8% drop year-on-year, but…

Boeing has agreed with Spirit AeroSystems to purchase the company in an all-shares deal worth $4.7 billion as it attempts to overcome its production crisis. Spirit, a Boeing spin-off from 2005, manufactured the door plug on a 737 Max 9…

Coach USA, the parent company of the Megabus brand and several commuter bus lines connecting New York and New Jersey, filed for Chapter 11 bankruptcy on Wednesday. The company, which owes between 100 and 500 million to creditors, made the…

FirstGroup the British transport operator applied for two additional "open access" services, outside of the main train operating contract. The government is trying to reduce fares and increase competition in the rail network. Open access…

BYD, the Chinese electric car giant, first entered the British automobile market. It's now taking on the traditional London bus makers. Sources said that the Go-Ahead Group will award a contract for more than 100 double-deckers powered…

Virgin Group, Sir Richard Branson’s company, is returning to Britain’s railways. The Virgin Group will launch services on the mainline west coast route -- the route the billionaire had been kicked off five years earlier by ministers.…

Eurostar is planning to purchase up to 50 new trains, and it's considering adding more international routes to London in order to capitalize on the "huge demand" of rail travel throughout Europe. Gwendoline Czenave is the chief executive…

Private motorists are continuing to avoid the zero-emission car market. At the beginning of the year, the Society of Motor Manufacturers and Traders predicted that 24 percent of all new vehicles registered in the United States would be…

After a series of intense discussions with the Transport Secretary, Alstom secured a vital new order After a series of crisis talks, the largest train factory in Britain will be saved from closure after Transport Secretary Mark Harper…