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This report is from this week’s CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and other key developments you won’t want to miss. Like what you see? You can subscribe here. The dispatch Some 31 years after they were privatized, the U.K.’s railways … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sixteen years after Britain’s first high-speed rail service was launched, an official government review into the economic impact of HS1 on the south-east has concluded the £7.3bn scheme provided “poor value for money”. The report, … Read more
ComfortDelGro, which operates Singapore’s Northeast and Downtown lines, is partnering with East Japan Railway Company (JR East) and UGL to form the Melbourne One Rail Consortium to bid for the Melbourne Metropolitan train network sometime next year, when regulators open the tender. “The bidding team marries world-class Japanese and Singaporean customer service and efficiencies with … Read more
The business of moving goods in the United States is dominated by trucks, which handle about two-thirds of the 20.2 billion tons of freight that’s transported annually. Parallel Systems founder and CEO, Matt Soule, wants to change that by putting a modern autonomous and electric twist on the centuries-old railroad system. The Los Angeles-based company … Read more
Historically, toying with Social Security benefits has been long seen as a political “third rail,” meaning whoever touches it will get zapped. The White House said in a press release it won’t cut Social Security, Medicare, or Medicaid benefits, but that doesn’t rule out the chances of a mistake. Amid the Department of Government Efficiency’s … Read more
The entire San Francisco to Los Angeles line will now cost an estimated $106 billion to finish and officials hope to complete it in the next 20 years if there is money. Read More
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