TfL extends e-scooter trial until May 2024 October 25, 2022 TfL has extended its e-scooter trial until the end of May 2024 following updated guidance from the DfT, which allows local authorities to continue for the next year and a half. The extension comes on the heels of the government deciding to create a new vehicle category in the legislation to include e-scooters. Launched in [...]
Ryanair’s Michael O’Leary: Worldwide inflation good for our growth October 25, 2022 The world’s surge in inflation rates will help Ryanair’s growth as people will not stop flying altogether, but will rely instead on budget airlines. “We think recession [and] price inflation is very good for our growth,” chief executive Michael O’Leary told journalists today in Lisbon. European countries have in fact been hit by soaring inflation [...]
Trucking tech platform Eurowag to buy Polish rival for £265m as CFO steps down October 25, 2022 Trucking tech platform Eurowag is set to buy Polish software company Inelo for up to €306m (£265m) to strengthen its hold on the country’s market. Prague-based Eurowag said that an additional €12.5m could be paid to Inelo depending on its performance for the year ending 31 December. “This strategically important transaction not only brings additional [...]
Ford enters agreement with Tata Steel and others for supply of ‘green’ steel October 25, 2022 Ford has signed an agreement with Tata Steel’s Dutch arm and two other manufacturers for the supply of “green” steel from 2030. The car maker has in fact signed memorandums of understanding also with ThyssenKrupp and a German steel maker to provide low-carbon steel – which is made without the use of fossil fuels. Ford [...]
Pendragon expects vehicle shortfall to spill into 2023 as profit slumps October 25, 2022 Pendragon expects current vehicle shortfalls to spill into 2023, as its profit slumped by 41 per cent. In the three months ended 30 September, the UK dealer’s underlying profit before tax was £14.7m – down on last year’s £25.1m – due to the impact of inflation and rising interest rates. Used car volumes were slumping [...]
Freak accident at Canning Town bus station forces TfL to replace glass canopy October 25, 2022 TfL said it was looking to replace the glass canopy at Canning Town’s bus station following a freak incident which left a Londoner injured. The transport giant confirmed that a glass section fell and injured a passenger in July of last year as a defect in the production of the glass involved. “The risk of [...]
Sinking fast: Jeremy Hunt to ditch Boris Johnson’s £250m Brexit Britain ship October 25, 2022 A £250m national flagship proposed by former prime minister Boris Johnson while in office will be cancelled by the new chancellor, Jeremy Hunt, according to various news reports. In an upcoming round of deep spending cuts, most likely to be announced next week, Hunt reportedly plans to drop the Ministry of Defence project. So far, [...]
Platform staff to walk out on 3, 4, 5, 7, 8 November as union joins rail and tube workers October 24, 2022 Rail platform staff working at Network Rail and other five train operators will walk out on 3,4,5,7, 8 November as the union TSSA has announced another week of industrial action. Disruption will affect services on Network Rail, Avanti West Coast, South Western Railway, West Midlands Trains and c2c. Workers – which are striking as part [...]
Stay focused on funding deal, says outgoing TfL commissioner Andy Byford October 24, 2022 The new TfL management team needs to stay focused on the government’s long-term funding deal, according to outgoing commissioner Andy Byford. Byford – who will step down at the end of today after two years at the public body’s helm – will be replaced by chief operating officer Andy Lord from tomorrow on an interim [...]
Aviation back in ‘full force’ as passenger confidence surges to 83 per cent October 24, 2022 Confidence in aviation has come back in full force, as the majority of global travellers feel safe flying again. Figures from Inmarsat’s latest passenger experience survey, which was published today, show that 83 per cent of world passengers are optimistic about air travel. This is 73 per cent up on last year’s levels. Brazilians and [...]
