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French-German rail merger blocked by Brussels

Alstom makes TGV high-speed trains   Brussels has knocked down a proposed French-German rail merger, designed to help Europe compete with China.   The EU's competition commission blocked the tie-up, saying uniting France's Alstom with the rail arm of Germany's Siemens would lead to higher prices. The firms had said the merger would create an

EasyJet says drone chaos was ‘wake-up call’ for airports

EasyJet has said last month's drone disruption at Gatwick was a "wake-up call" for airports. The drones caused blanket cancellations over a number of days in December and mass passenger disruption as a result. The airline said the drones cost it £15m in passenger compensation and lost revenues, and hit 82,000 customers. EasyJet's chief

Panalpina reports Q3 contractions, anticipates further challenges

Swiss forwarder Panalpina’s third-quarter financial results show the company is being affected by “macroeconomic uncertainties,” CEO Stefan Karlen said. Its cross-segment profit during the quarter declined by about 19 percent to US$14.9 million, compared to US$18.5 million during the same period last year. The company said the air freight segment’s margins have

World’s longest sea bridge opens, connecting Hong Kong, Macau

Yesterday, Chinese President Xi Jinping inaugurated the world’s longest sea bridge to connect Hong Kong, Macau and Zhuhai, stretching across the Pearl River Delta. The opening culminated the US$15.3 billion project has been underway since December 2009. The 34-mile span shortens the travel time between the two regions from 3.5 hours to

California port drivers, warehouse workers strike

Action targets XPO Logistics and NFI Industries operations over a wide area of Southern California.   Drayage truck drivers, warehouse workers and their supporters are participating in protests around the Ports of Los Angeles and Long Beach and other locations in Southern California Monday aimed at ending what they say is exploitation

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