Qantas (QAN.AX) announced today it will add Broken Hill to its domestic route network for the first time, with the airline to begin direct flights from Sydney starting on April 8, 2022. The airline will operate two weekly round trip flights between Sydney and Broken Hill with its 50-seat Q300 aircraft.
QantasLink CEO John Gissing said the service will create stronger connections for the far west of New South Wales for both business and leisure travelers. Broken Hill Regional Council Mayor Tom Kennedy welcomed the announcement of the new Qantas services as they will provide the local community with additional choice and flexibility.
Broken Hill is the newest destination to join QantasLink’s extensive regional network, with the airline now operating flights to 57 regional and rural towns across Australia. With the inclusion, the Group has launched 52 new domestic routes, including many country destinations since the start of the global pandemic, as Australians seek new holiday adventures closer to home.
The flights will operate on a Monday and Friday to offer Broken Hill residents an easy long weekend in the city and allow visitors to make the most out of their outback exploration. Fares will start from $269 one-way, but to celebrate the new destination, Qantas is offering a special sale fare starting from $189 one-way, available for sale until 21 February, unless sold out prior.
Bonn, Germany – DHL Global Forwarding has continued its commitment to supporting wildlife by assisting a conservation organization with the rescue five lions and one tiger from captivity. On behalf of Warriors of Wildlife, the wild cats, all born in Ukraine, were relocated safely to South Africa. Following this transport, the non-profit organization has rescued a total of 28 wild cats and other animals from Ukraine. In the past, DHL Global Forwarding has also helped relocate several brown bears, pandas, and most recently, “the world’s loneliest elephant,” Kaavan.
The wild cats were kept in a private zoo in Chernivtsi and a zoo in Nikolaev in the south of Ukraine. DHL brought them to a sanctuary run by the head of the wildlife organization Lionel de Lange. The Simbonga Game Farm & Sanctuary is located near Gqeberha (Port Elizabeth), Eastern Cape, South Africa. Throughout the whole journey the animals were monitored by veterinarian specialists. In Ukraine, the DHL team had the support of a Ukrainian vet until departure. Together with the director of Warriors for Wildlife and another veterinarian they boarded then their flight from Boryspil International Airport to O.R. Tambo International Airport in Johannesburg. The last leg of their journey the cats travelled via road before they were finally welcomed to their new home.
Warriors of Wildlife is a non-profit organization dedicated to the rescue, relocation and future care of abused and neglected wildlife in captivity. The organization was founded in 2016 by Lionel de Lange and his wife Anya Masyach and operates from Ukraine and South Africa.
Union Pacific Corporation (NYSE: UNP) announced that its Board of Directors today voted to increase the quarterly dividend on the Company’s common shares by 10% to $1.18 per share. The dividend is payable December 30, 2021, to shareholders of record December 20, 2021. Union Pacific has paid dividends on its common stock for 122 consecutive years.
“Union Pacific continues to deliver strong cash returns to our shareholders,” said Jennifer Hamann, Union Pacific executive vice president and chief financial officer. “Today’s action, coupled with the 10% increase earlier this year, is consistent with our targeted dividend payout ratio of 45 percent.”
About Union Pacific
Union Pacific delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.
KiwiRail has leased an additional freight ferry to provide capacity and resilience on Cook Strait, KiwiRail Group Chief Executive Greg Miller announced today. The Valentine is completing technical due diligence in England now, ahead of sailing to New Zealand. It is due to arrive in mid-December and Interislander crews will familiarize themselves with the ship before Valentine begins working the Cook Strait, likely later in December.
Mr Miller said the Interislander fleet is aging and more prone to breakdown. “Old ships tend to have mechanical problems and this has been highlighted with the current mechanical issues on Aratere. While she has now resumed service, we know that disruption is bad for us and our customers.
The Valentine is being leased for an initial 12 months. Valentine has been working in the English Channel and is well-suited to KiwiRail operations.
Mr Miller says the move shows KiwiRail’s determination to support the movement of essential supplies in New Zealand through increased capacity, collaboration, and improving scheduling and resource planning.
Rex today announced all frontline staff on duty have now been fully vaccinated against COVID- 19, the first airline in Australia to reach this milestone. The several hundred vaccinated staff include pilots, flight attendants, customer service officers at airports and all other workers across the Rex domestic and regional networks who may need to interact with passengers face-to-face.
Company-wide, 93 percent of all Rex staff have either been double vaccinated or received their first dose.
Rex reopens its domestic network on November 15 with the resumption of flights from Melbourne to Sydney and Canberra. Melbourne – Adelaide flights restart on November 26, while flights to the Gold Coast from Sydney and Melbourne begin on December 17.
The airline’s unique Refund Guarantee Policy also protects the financial health of passengers from any COVID-related disruptions.
Rex is Australia’s largest independent regional and domestic airline operating a fleet of 60 Saab 340 and six Boeing 737-800NG aircraft to 61 destinations throughout all states in Australia. In addition to the airline Rex, the Rex Group comprises wholly owned subsidiaries Pel-Air Aviation (air freight, aeromedical and charter operator) and the two pilot academies, Australian Airline Pilot Academy in Wagga Wagga and Ballarat.
Siemens (OTC: SIEGY) Mobility unit will install a comprehensive rail system that will feature the first ever high-speed, electrified main and freight rail line that will transform transportation in Egypt. The initial 660 km line will connect the port cities of Ain Sokhna on the Red Sea to Marsa Matrouh and Alexandria on the Mediterranean and will provide efficient, safe, and affordable transportation for all Egyptians, as well as goods across the country. The Egyptian government has an ambitious plan to invest heavily in a reliable and sustainable 1800 km state-of-the-art rail network that will establish Egypt as a regional leader for transportation and provide an additional boost to the economy.
The 660 km line connecting the Red Sea to the Mediterranean will create a Suez Canal type of link on the tracks. The connection will transport up to 30 million people per year and save up to 50 percent travel time. The electrified line will cut carbon emissions by 70%, in comparison to the current car and bus transportation. Siemens Mobility will deliver its Velaro high-speed trains, Desiro High Capacity regional train sets, and Vectron freight locomotives.
CALGARY, Alberta & KANSAS CITY, Mo.–(BUSINESS WIRE)– Canadian Pacific Railway Limited (NYSE: CP) and Kansas City Southern (NYSE: KSU) have announced they have jointly filed a railroad control application with the Surface Transportation Board (“STB”) regarding the proposed transaction to create Canadian Pacific Kansas City (“CPKC”), the only single-line railroad linking the United States, Mexico and Canada.
The comprehensive control application provides an overview of the proposed operational integration of the CP and KCS rail networks, the impact of that consolidation on the companies’ finances and labour needs, and the anticipated competitive and other benefits that will flow from providing shippers with new and better transportation alternatives. Information in the filing outlines the public and customer benefits a CP-KCS combination would bring, including more efficient north-south trade arteries to support the interconnected supply chains of the United States, Mexico and Canada.
In addition to the central foundation of the transaction to invigorate transportation competition and support economic growth across North America, the CP-KCS combination will generate many other public benefits, including:
The creation of more than 1,000 direct new jobs system-wide, including approximately 760 in the United States, over the next three years brought about by expanded rail operations across the combined network.
Capital investments in new infrastructure of more than USD$275 million1 over the next three years to improve rail safety and capacity of the core north-south CPKC main line between Louisiana and the Upper Midwest.
Avoidance of more than 1.5 million tons of greenhouse gas (GHG) emissions within five years due to the improved efficiency of CPKC versus current operations.
Diverting 64,000 long-haul truck shipments to rail annually with new CPKC intermodal services, eliminating another 1.3 million tons of GHG emissions over the next two decades, saving $750 million in highway maintenance costs.
Rail customers will not experience a reduction in independent railroad choices as a result of the CP-KCS combination. The joint control application reiterates the applicants’ commitment to keep all existing freight rail gateways open on commercially reasonable terms, including the Laredo gateway between the United States and Mexico, and shows how customers will not lose competitive routings because no new regulatory “bottlenecks” are being created. It also describes how the combined company will compete aggressively to attract traffic to its network via new single-line lanes between Canada, the Upper Midwest and the Gulf Coast, Texas, and Mexico.
More than 960 stakeholders, including more than 440 shippers, 186 smaller railroads, dozens of public officials, eight major ports, railroad labor unions representing both CP and KCS employees and 289 rail industry suppliers have written letters to the STB supporting CP’s proposed combination with KCS.
CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately $31 billion, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $300 per share, representing a 34 percent premium, based on the CP closing price on Aug. 9, 2021, the date prior to which CP submitted a revised offer to acquire KCS, and KCS’ unaffected closing price on March 19, 2021.2
The transaction is subject to approval by shareholders of each company along with satisfaction of customary closing conditions, including Mexican regulatory approvals. Shareholders are expected to vote on the transaction later this year.
CP’s ultimate acquisition of control of KCS’ U.S. railways is subject to the approval of the STB. In April 2021, the STB determined it would review the CP-KCS combination under the merger rules in existence prior to 2001 and the waiver granted to KCS in 2001 to exempt it from the 2001 merger rules. In August 2021, the STB reaffirmed that the pre-2001 rules would govern its review of the CP-KCS transaction. On Sept. 30, 2021, the STB confirmed that it has approved the use of a voting trust for the CP-KCS combination.
The STB review of CP’s proposed control of KCS is expected to be completed in the second half of 2022. Upon obtaining control approval, the two companies will be integrated fully over the ensuing three years, unlocking the benefits of the combination.
While remaining the smallest of six U.S. Class 1 railroads by revenue, the combined company would have a much larger and more competitive network, operating approximately 20,000 miles of rail, employing close to 20,000 people, and generating total revenues of approximately $8.7 billion based on 2020 actual revenues.
For more information about the benefits of the CP-KCS combination, visit futureforfreight.com
Bonn, Germany – Deutsche Post DHL Group (OTC: DPSGY), the world’s leading logistics company, has today released preliminary results for the second quarter of 2021. Simultaneously, the outlook for the current financial year and for 2023 has been raised. Furthermore, a one-time corona bonus1 for approximately 550,000 employees worldwide has been decided. Preliminary operating profit (EBIT) for the second quarter has improved to record level with around EUR 2,075 million (Q2 2020: EUR 912 million) and has more than doubled compared to previous year. Against the backdrop of the excellent business performance, the Group has raised its EBIT outlook for 2021 to more than EUR 7.0 billion (so far: more than EUR 6.7 billion). The mid-term EBIT outlook for 2023 is now expected to be more than EUR 7.4 billion (so far: more than EUR 7.0 billion).
As an appreciation for their tireless efforts during the pandemic the Group has decided to grant again a corona bonus of EUR 3001 to employees worldwide. This one-time payment is aimed at approximately 550,000 colleagues in all divisions and countries. Excluded are Executives. The corresponding expenses of around EUR 200 million will be booked in the third quarter 2021 and are already included in the updated earnings outlook for 2021.
All divisions significantly exceeded the previous year’s results. Network capacity utilization was constantly high in the second quarter 2021. B2C shipment volumes remained ahead of last year in all networks, while the recovery in the B2B businesses continued to gain momentum. At the same time the tight capacity situation both in Ocean and Air Freight markets remained unchanged.
Alstom has successfully commissioned the first 7 Prima T8 AZ8A freight locomotives to Azerbaijan Railways (ADY). These locomotives will run on the main freight transit line, which has recently been converted from 3 kV DC to 25 kV AC.
The Prima T8 AZ8A locomotives will be running initially on the “Silk Road” East-West corridor of Azerbaijan linking the Caspian Sea main ports to the Georgian border and later all across the country.
In 2014, ADY signed a contract with Alstom for €288 million for supplying 50 electric locomotives, including 40 Prima T8 AZ8A heavy freight locomotives which are being produced at Alstom’s JV EKZ in Nur-Sultan, Kazakhstan and 10 Prima M4 AZ4A passenger locomotives which have been produced in Belfort, France and already delivered to Azerbaijan.
Alstom’s Prima T8 is one of the most powerful electric locomotives in the world. This model is a 25 tons per axle two-section freight locomotive capable of towing up to 9,000 tons and running at 120 km/h, with installed continuous power of 8.8 Megawatts. The Prima T8 AZ8A is designed to operate in temperatures ranging from -25°C to 50°C. It requires minimum maintenance and provides high reliability levels and low lifecycle costs thanks to its modular design.
Alstom’s Prima range is covering all market segments of locomotives from heavy-haul, freight and passenger operation and shunting or track work operation. Over the past 20 years, more than 3,200 Prima locomotives (more than 4,600 sections) have been sold worldwide.
Alstom is present in Western & Central Asia with more than 1,000 people, three country offices in Kazakhstan, Azerbaijan and Uzbekistan, five depots, repair center and two plants, EKZ in Nur-Sultan for electric locomotives manufacturing and maintenance and production of on-board transformers, and KEP in Almaty to produce point machines. Alstom is a major contributor to the revitalization of the region’s mobility industry and the development of its economy.
EKZ, a joint venture of Alstom, employs around 850 people and is working on supplying and maintaining the Prima electric locomotives ordered by KTZ, Kazakhstan’s national railway company and export markets, like Azerbaijan.
Delta is counting down to the start of its new service to Dubrovnik on Friday, July 2, offering U.S. travelers more opportunities to reclaim the joy of travel this summer in one of Europe’s most intriguing nations.
Croatia is the first new European country to which Delta will begin service since the start of the pandemic. Its customers are eagerly awaiting the opportunity to discover the country. The airline will operate four weekly nonstop services between Dubrovnik and New York-JFK, with departures on Wednesdays, Fridays, Saturdays and Sundays. Flights are operated in conjunction with Delta’s European partners Air France, KLM and Virgin Atlantic.
Data from the World Travel and Tourism Council reports that tourism represents 25 percent of Croatia’s GDP. Pre-pandemic, the number of U.S. tourists to Croatia was on the rise, with more than 550,000 visitors in 2018 – a 23 percent increase over 2017, according to the Ministry of Tourism. Meanwhile, the Croatian Bureau of Statistics reported that 10 percent of all visitors to Dubrovnik came from the U.S. in 2019, which is the second-largest source market.
Customers flying from Croatia can connect at Delta’s JFK hub to more than 30 cities across the U.S. within four hours of arrival, enabling them to reach their final destination the same day. The service also provides cargo opportunities for freight forwarders to conveniently transport goods between the nations.
In line with local entry guidelines, all customers must show proof of full vaccination status, have a negative PCR test or proof of recent COVID-19 recovery before boarding in the U.S. While the U.S. is open to visitors from Croatia, Delta recommends that customers check entry requirements before travel. Details are available on the Delta Discover Map on delta.com. The airline continues to offer more flexibility than ever to plan and rebook tickets with an industry-leading travel credit extension for all tickets expiring in 2021 and all tickets purchased in 2021 through Dec. 31, 2022.
