Bloomberg - Singapore one of the world’s most expensive places to own a vehicle, will stop increasing the total number of cars on its roads next year. Singapore Transport regulator had announced on Monday that the government will cut the annual growth rate for cars and motorcycles to zero from 0.24percent effect from February. “In
Transportation
Rail Freight is Losing Market Share
A Burlington Northern Santa Fe (BNSF) Railway Co. grain train sits docked at a transloading facility at the Port of Galveston in Galveston, Texas, U.S Texas U.S - State of Logistics report for the year 2017 shows that in the US the faster and more reliable modes have grown year-over-year. These faster
UK’s Eye-Watering’ Price Hike For Collecting Passengers At Airports
- The Airport Operators Association said parking fees helped lower Air Fares London, UK - Parking charges for those picking up and dropping off passengers at some of the UK's busiest airports have been hiked up to "eye-watering" levels, a study has found. Eight of the top 20 airports have increased tariffs
Lyft Gets $1 Billion From Alphabet’s Investment Arm To Take On Uber
Lyft CEO and co-founder Logan Green with CapitalG's David Lawee and Lyft president and co-founder John Zimmer The tangled web of ride-hailing investments just got a little more complicated. On Thursday, Lyft announced it had just raised $1 billion from CapitalG, the growth investment arm of Google's parent company Alphabet. The new
Nigeria Seeks $36 Billion To Complete Railway Projects
Abuja - Nigeria's Minister for Transport, Chibuike Amaechi, had disclosed Thursday that the Federal Government needs a total of $36 billion to complete its rail projects across the country. The Minister made this statement at the National Assembly while responding to the lawmakers on the Federal Government's bid to borrow
Honeymoon’s Over? GM Cruise Said To Turn To Uber As Lyft Alliance Cools
Alliances and tie-ups in the autonomous vehicle space are evolving as fast as the technology itself. In the latest twist, General Motors’ relationship with Lyft is said to have chilled to the point that it’s making overtures rival to ride-hailing service Uber. The biggest U.S. automaker is discussing a plan to
Kenya To Reduce Traffic Congestion In Nairobi
Traffic snarl in Nairobi, Kenya .....Heavy Traffic has for long been the bane of Nairobi Nairobi- Kenya - The Kenya Urban Roads Authority (KURA) is attempting to reduce traffic snarl-ups in Nairobi by automating traffic management. This will be done through the Intelligence Traffic System project, which will replace the 100 roundabouts in Nairobi
Volvo unveils Polestar model in China, looks to rival Tesla 3
Volvo Cars and its Chinese parent unveil their first Polestar model and plan to invest $760 million in the electric vehicle brand. Laura Frykberg reports. SHANGHAI (Reuters) - Volvo Cars and its Chinese parent have unveiled their first Polestar high-performance electric car and pledged to invest 5 billion yuan ($760 million)
Self-driving cars could ease traffic, but increase sprawl
NuTonomy Self-driving car BOSTON (AP) — A new study inspired by Boston’s early experiments with self-driving cars finds that the technology could ease congestion, but might also lead to more cars on the road and further encourage urban sprawl. The report, released Tuesday by the Boston Consulting Group and the World Economic
Shortage of Drivers May Weigh on Earnings of Trucking Companies
For-hire truck tonnage rose in August and companies were able to charge more to move freight New York (WSJ) - Trucking companies are convincing shippers to pay more to move freight, but difficulty finding drivers could weigh on earnings. Analysts expect rising driver pay and storm disruptions to eat into what would otherwise be