TRANSPORTATION SYSTEMS
Need to unbundle natural gas marketing and transportation, says Indian Gas Exchange CEO
Indian Gas Exchange (IGX) CEO Rajesh Kumar Mediratta advocated for an independent system operator to ensure fair access to natural gas pipelines' full capacity for all market players. He proposed the split of gas companies into separate marketing and transportation entities. He emphasised the need for a level playing field through equal access to information and charge mechanisms. Mediratta suggested measures for developing the domestic natural gas market, including bringing gas under GST and enforcing open access in city gas areas.
Why did Elon Musk fail to construct underground pod transport system in Las Vegas? Know about the tunnel for Tesla cars?
Elon Musk- owned The Boring Company planned the Las Vegas Convention Center Loop, or LVCC Loop, which could be a system of tunnels where people could travel on pods. But there are no pods in the neon-colored well-constructed tunnel, there are driver-manned Tesla cars instead.
MP govt abolishes transport check posts at interstate borders, road safety and enforcement checking points to be arranged
The Madhya Pradesh government has abolished transport check posts at interstate borders and will introduce new road safety and enforcement checking points. Initially, 45 checking points will be established, with mobile units temporarily handling enforcement until these points are operational. These mobile units will comprise district transport office staff, enforcement staff, and home guards.
MMRDA inks Rs 850-crore urban infra financing pact with German development bank KfW
The funds procured from KfW and MMRDA's resources will be primarily allocated towards various sustainable development projects within and around the Mumbai Metropolitan Region. These initiatives include the development of green corridors, solid waste management systems, recycling and reuse facilities, and the promotion of renewable energy solutions to address environmental concerns and enhancing the quality of life for residents in the bustling metropolitan area.
US proposes plan to scrap additional security checks for Indians at transit points
US and India collaborate to enhance aviation safety through streamlined security processes, improved passenger flow, and ongoing information exchange. The one-stop security concept offers benefits like enhanced safety, reduced costs, and shorter connection times, emphasizing proactive risk mitigation and continuous safety improvements.
Korean Air flight descends 25,000 feet in five minutes due to depressurization, passengers hospitalized with nosebleeds
A Korean Air aircraft flying to Taiwan had to return to Incheon Airport due to an unexpected depressurization. The 737 Max has a problematic past, including crashes in Ethiopia and Indonesia in 2018 and 2019.
What happened that passengers onboard $35 billon-high-speed train in Spain experienced extreme turbulence? Details here
The passengers have experienced discomfort on a recently upgraded high-speed train traveling between Madrid and Gijon in northwest Spain. The high-speed line, which took 20 years to build and has the seventh-longest rail tunnel in Europe, opened last November.
GNSS-based toll collection to add Rs 10,000 crore to India’s toll revenue: Nitin Gadkari
Speaking at the international workshop on GNSS-based electronic toll collection in India, union minister for road transport and highways Nitin Gadkari said since commercial vehicles including trucks account for 75% of annual toll revenue it is important that the new system is implemented on commercial vehicles first. India’s toll collection stood at Rs 64,809.86 crore in 2023-24 as against Rs 48,028.22 crore in 2022-23, an increase of 34.9%.
Decarbonization by 2045 agreed: Youth-led climate lawsuit settled in Hawaii
Hawaii settles with 13 young plaintiffs in Navahine v. Hawaii Department of Transportation lawsuit to decarbonize transportation by 2045, approved by Judge Tonaki.
Bengaluru Metro's Yellow line gets a boost: Titagarh rail systems to deliver first trainset in August
Titagarh Rail Systems Limited has started producing trainsets for the Bangalore Metro Rail Corporation Limited's Phase 2 Yellow Line project, a contract with China Railway Rolling Stock Corporation. The first trainset is scheduled for delivery in August 2024. The contract, initially signed in December 2019, faced delays and CRRC sought additional time for delivery.
Political noise is temporary in the end it's about GDP growth; 6 logistics companies with upside potential of up to 39%
It will take some more time for the street to get out of the political noise and analysis and stocks may witness some more correction. But these are all short term issues, in the end markets are keen about two things, overall economic growth and earnings of the company. In the recent political noise what has been probably getting missed is the fact that GDP numbers were better than expected. It is very likely that we are going to see continued growth in the GDP numbers, yes, there would be voices which would say that focus consumption would increase and all other things, but in the end the biggest beneficiary of the continued higher growth is the logistics sector. The reason is simple, if the economy is doing well, more goods will be produced and they will have to be transported and that is why in large developed economies, logistic companies form part of a very important transportation index. Also another big factor, these companies have gone through a restructuring and have come out after facing many challenges.
This city tops list with most number of deadliest car accidents in US: Report
Memphis, a city in the state of Tennessee, has recorded the greatest number of car crashes in the US for the year 2022. In the list of top 10 cities with the most number of car accidents, 3 cities belong to the state of Florida.
Emirates boss says Boeing needs strong CEO to end crisis
Boeing is looking for a new CEO after announcing that Dave Calhoun would step down by the end of the year following back-to-back crises exacerbated by the blowout of a loose door plug on an Alaska Airlines 737 MAX 9 jet in January.
A Mumbai firm finds a way to reduce container turnaround time from 34 days to 2 days
Backed by Zerodha founders, MatchLog Solutions has found an answer to an issue that has haunted transporters for years.
"India to have world's second-largest urban metro system over next 2 years": Hardeep Singh Puri
Union Minister Hardeep Singh Puri highlighted the remarkable growth of India's urban metro transport, noting that the country is on track to have the world's second-largest urban metro system in the next two and a half years. He emphasized the success of Delhi's metro system, with 73 lakh riders daily, contributing to easier city commutes despite its expanding population. Puri also discussed advancements in the criminal justice system and police modernization under Prime Minister Narendra Modi's leadership.
Efkon-Strabag join hands with leading IITs
Efkon-Strabag, a prominent provider of smart infrastructure solutions in India, has formed partnerships with renowned institutions including IIT Bombay, IIT Mandi, and IIT Roorkee to spearhead advancements in transportation systems, landslide management, and road safety awareness. Collaborating with IIT Bombay, the focus is on enhancing knowledge management, joint projects, and engagement activities, with an emphasis on innovation in transportation systems through research on Intelligent Transportation Systems (ITS) and skill-building programs for students.
All aboard the moon train: NASA's futuristic transport system revealed
NASA has unveiled plans for the first lunar railway system, vital for sustainable lunar bases envisioned by the 2030s. The system, part of the Moon to Mars initiative, features FLOAT (Flexible Levitation on a Track) technology. FLOAT employs magnetic robots gliding on a three-layered flexible film track, minimizing dust abrasion. Phase 2 involves testing prototypes in lunar-analogue environments, addressing technology gaps, and ensuring long-term operation for human exploration activities on the Moon.
Cold-chain solutions startup Celcius Logistics raises $4.8 million led by IvyCap Ventures
Celcius Logistics connects shippers and transporters and is a solution for all cold-chain requirements, helping with last mile and hyperlocal delivery for all stakeholders.
Social network that needs connecting
India is planning a revamp of its urban transport sector to improve accessibility to work, healthcare, and education. The plan includes integrating metro and bus networks, promoting greening of intracity goods transport through small trucks, and aligning bus and metro routes. The lack of a holistic approach, with nearly half a dozen central ministries working in isolation, has led to discussions on an omnibus transport ministry.
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