Three foreign investors and six Vietnamese companies will build urban railway lines in Hanoi as the city revs up its public transport system, Chairman of the Hanoi Peopleâs Committee, Mr. Nguyen Duc Chung, has said.
FIXED assets investment in China's transport infrastructure registered a robust growth in the first two months of this year, part of the efforts to build a modern and efficient transportation system.
Optimistic about the near-term future of the oil industry, Norwegian oil companies have upped their investment plans for 2017 over the past three months, according to a survey conducted by the national statistics office. The results of the survey, released on Thursday, show that the total number of oil and gas extraction and transport projects is expected to fall for the third year in a row because energy majors slashed expenditures by over 50 percent since the oil price crisis began in 2014. This year the extraction and pipeline sectors will benefit…
The sleek cars and self-driving technology behind them, from the likes of Tesla Motors and BMW, has hogged most of the limelight on electric vehicles, but the battle against the use of fossil fuels for transport is also being waged on the mass transit front.
KJM Capital, LLC, an Orlando, Florida-based private equity firm, announced that, in separate transactions, it has acquired Interide Transport (Salt Lake City, Utah) and Blue Sky Logistics (Smithfield, Utah). Both acquired companies are privately held, temperature-controlled carriers. Terms of the transactions were not disclosed.
<p>CommInsure has lost another insurance contract, this time with a $4.5 billion industry superannuation fund.</p> <p>Following a competitive tender, transport and logistics industry fund TWUSUPER ended its partnership with CommInsure and selected TAL as its new provider of group life insurance.</p>
The Ministry of Transport has handed over its stake in eight Vietnam Inland Waterway Administration enterprises to the State Capital Investment Corporation (SCIC).
Canadian mid-market private equity firm TorQuest Partners has sold Global Traffic Technologies LLC (GTT) to Gilbarco Inc for an undisclosed amount. St. Paul, Minnesota-based GTT is a provider of priority traffic control solutions for public transit and emergency vehicles. Formerly a business division of U.S. conglomerate 3M, GGT was acquired by TorQuest in a carve-out deal in June 2007. In subsequent years, TorQuest invested in the growth and development of the standalone company. Earlier this week, TorQuest invested in marine transport company McKeil Marine Ltd, the final investment of TorQuest Partners Fund III. TORONTO, October 28, 2016 – TorQuest Partners announced today that the firm has completed the...
McKeil Marine (“McKeil”) and TorQuest Partners (“TorQuest”) announce that TorQuest has invested in McKeil, in partnership with existing management and shareholders. Terms of the investment were not disclosed.
Northern Powerhouse: Manchester's Tech Hub Is Built On Strong Transport Links And Cheap Office Space
Strong transport links and cheaper office space have made Manchester the largest tech cluster outside of the capital, a report said.