The production line of the new StreetScooter electric delivery van is pictured during an opening tour in Dueren near Cologne, Germany, May 30, 2018. REUTERS/Wolfgang Rattay DUEREN, Germany (Reuters) - Deutsche Post DHL could envisage floating its Streetscooter electric van business, which is expanding internationally, on the stock market, but not for
Author: Tola Ojobo
Nairobi City and Its Insufferable Traffic Jams
By Lilys Njeru Traffic Jams the Cause of Sleepless Nights for Nairobi Residents In 2012, former president Mwai Kibaki inaugurated Thika Road, an eight-lane superhighway meant to ease the relentless traffic congestion that had come to define the route, but six years later, residents are back to unbearable traffic. People whose arrival
Alibaba doubles down on logistics with $1.4B investment in Chinese courier ZTO
Alibaba is doubling down on logistics after it led a $1.38 billion investment Alibaba is doubling down on logistics after it led a $1.38 billion investment in Chinese courier firm ZTO Express alongside Alibaba logistics affiliate Cainiao. ZTO went public on the NYSE in 2016 raising $1.4 billion from what was the year's largest IPO
Freight train robberies on the rise in Mexico
Thieves were believed to have caused this derailment in the early hours of the morning of September 27, 2017 in Querétaro. ...thieves block rail tracks Freight train robbers in Mexico are increasingly blocking tracks or loosening rails to stop trains and steal the contents. The federal rail agency said Monday the number of cargo
Malaysia Cancels Multi-billion-Dollar Rail Project to Singapore
Mahathir Mohamad, center, on May 28. Photographer: Joshua Paul/Bloomberg Malaysia is cancelling a project to build a high-speed rail link between its capital, Kuala Lumpur, and Singapore, and will talk with its southern neighbor about any compensation Malaysia has to pay, Prime Minister Mahathir Mohamad said on Monday. Mahathir, the 92-year-old who
Kenyan Govt Orders South Africa Buses as Dar Buys in Nairobi
Kenyan fabricator of passenger vehicle bodies Labh Singh Harnam Singh (LSHS) has been hired to build high-capacity buses for Tanzania government's Bus Rapid Transit (BRT) services as Nairobi prepares to import the same from South Africa next month. LSHS managing director Daniel Maundu said the firm was working on the first
Shipowners lament inability to access $2bn CVFF
Lagos - Local operators in the shipping industry have decried the inability to assess the Cabotage Vessel Financing Fund, which they say must have risen to over $2bn. The CVFF is derived from two percent of the contracts awarded under the Cabotage regime. It was designed to enable indigenous shipping companies
Maritime organization approves Bering Strait shipping routes
Anchorage, Alaska (AP) An international agency that sets standards for marine safety has approved two-way shipping routes into the Arctic Ocean through the Bering Strait. The International Maritime Organization, an arm of the United Nations, accepted routes proposed by the United States and Russia for safe navigation in the water between
Fiat Chrysler recalls 5.3 million vehicles for cruise control defect
Washington (Reuters) - Fiat Chrysler Automobiles NV is recalling more than 5.3 million vehicles in North America over a defect that could prevent drivers from deactivating cruise control, the company said on Friday, warning owners not to use the function until they get software upgrades. The Italian-American automaker said no injuries
Private Cars Barred From Nairobi CBD!
Nairobi city centre Wednesdays and Saturdays now cars free day Private motorists in Nairobi will soon be required to use other means into the city on some days as Nairobi County plans to regain its lost glory as a green city under the sun. The Nairobi Regeneration Committee has proposed Wednesdays and Saturdays