Admiralty Circle Toll Plaza on the Lekki-Epe Expressway, Lagos Lagos - Lekki Concession Company Limited (LCC)has announced that it will increase the toll tariffs being charged at the Admiralty Circle Toll Plaza on the Lekki-Epe Expressway and the Lekki-Ikoyi Link Bridge Toll Plaza with effect from Thursday, February 1, 2018. The LCC’s
Year: 2018
Nigeria’s major highway to get Standard truck transit park
Lagos - As part of an effort to ensure the free flow of traffic along Ore expressway, the Federal government of Nigeria has approved the establishment of a standard transit park for Ondo state government in the cosmopolitan town of Ore. The Special Adviser to the state governor on Transportation, Hon Tobi
FedEx advocates for NAFTA reform to facilitate cross-border e-commerce
With representatives from Mexico, Canada, and the United States currently meeting in Montreal for the sixth round of negotiations on the North American Free Trade Agreement (NAFTA) reforms, major differences remain, and the March deadline is approaching fast. With its sprawling transnational network predicated on free trade, FedEx is following
Airbus CEO backs CSeries assembly plan after ‘hands down’ ruling
FILE PHOTO - Airbus Group Chief Executive Tom Enders speaks during a news conference on the aerospace group's annual results, in London, Britain February 24, 2016. REUTERS/Hannah McKay Dublin (Reuters) - The head of Europe’s Airbus pledged on Friday to push ahead at “full throttle” with plans for a new assembly
David Binks of FedEx Express Europe, TNT, to retire in June
(L-R) FedEx's David Binks, Bert Nappier and Helena Jansson David Binks, FedEx Express Europe president and CEO of TNT, will retire in June after spending more than 30 years with the company and playing an important role in FedEx’s acquisition of TNT Express, which was completed in 2016. Binks will be succeeded by
Medview Airlines passengers enroute London stranded at airport
Lagos - The inability of Medview Airlines to airlift its London bound passengers presently has been linked to the plans of some agents at the London Gatwick Airport to sabotage the efforts of the Nigerian domestic carrier. Meanwhile, the airline disclosed it has started making alternative arrangements with friendly foreign carriers
Shell is buying up solar power, electric car charging points
People take pictures of a high-efficiency petrol-burning concept car as it is unveiled by Royal Dutch Shell during a ceremony in Beijing, China April 22, 2016. REUTERS/Damir Sagolj ...buying spree cranks up the race for clean energy London (Reuters) - Royal Dutch Shell has spent over $400 million on a range of acquisitions
U.S. trade body backs Canada’s Bombardier over Boeing in tariff spat
Washington/Montreal (Reuters) - Bombardier Inc shares jumped 15 percent on Friday after the Canadian plane maker won an unexpected trade victory against Boeing Co which means it can sell its newest jets to U.S. customers without heavy tariffs. The decision by the U.S. International Trade Commission is the latest twist in
FedEx commits $3.2 billion to raise pay, expand hubs after U.S. tax overhaul
(Reuters) - Package delivery company FedEx Corp said on Friday it will spend more than $3.2 billion on wage increases, bonuses, pension funding and capital investment, taking advantage of the U.S. tax overhaul signed into law in December. The Memphis, Tennessee-based company said it would invest $1.5 billion to significantly expand
American Airlines announces Double-digit growth in cargo revenues boosts in 2017 profits
...adding cargo services to four more European destinations to network American Airlines (AA) announced a full-year net profit of US$1.9 billion, or $2.4 billion excluding net special items, for 2017, which the carrier concluded was, “a remarkable year.” While passenger operations were predictably robust, the fastest-growing segment was cargo, which registered a