Pipeline transport – EGE RUS http://ege-rus.com/ Thu, 25 Nov 2021 14:15:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://ege-rus.com/wp-content/uploads/2021/10/icon-5-120x120.png Pipeline transport – EGE RUS http://ege-rus.com/ 32 32 New storms arrive as British Columbia pushes to reopen transportation links https://ege-rus.com/new-storms-arrive-as-british-columbia-pushes-to-reopen-transportation-links/ Thu, 25 Nov 2021 07:44:10 +0000 https://ege-rus.com/new-storms-arrive-as-british-columbia-pushes-to-reopen-transportation-links/ Transport links are reestablished to the Port of Vancouver, Canada’s largest maritime gateway, following dramatic floods that destroyed road, rail and pipeline arteries earlier this month. Three of four freeways connecting Vancouver to domestic destinations have reopened for essential travel – Highway five remains closed, likely for a long time, badly destroyed by what local […]]]>

Transport links are reestablished to the Port of Vancouver, Canada’s largest maritime gateway, following dramatic floods that destroyed road, rail and pipeline arteries earlier this month.

Three of four freeways connecting Vancouver to domestic destinations have reopened for essential travel – Highway five remains closed, likely for a long time, badly destroyed by what local officials have described as the worst storm to hit British Columbia in a decade. century.

One of the rail links to / from Vancouver was re-established on Tuesday and a second reopened yesterday. Either way, speed and length restrictions will be in place for the foreseeable future, German carrier Hapag-Lloyd said in an update to customers.

CP Rail began accepting dry export traffic to Centerm, Vanterm and Deltaport terminals from all inland rail terminals. However, DP World’s Fraser Surrey port terminal is still not connected, while the Vancouver Intermodal Terminal (VIF) remains closed to traffic at the gate until further notice.

Meanwhile, CN Rail is making box shipments to the United States from Vancouver.

“Ship delays, increased congestion at yards and increased demand for moorings are expected to continue,” Hapag-Lloyd warned in an update yesterday.

British Columbia braces for more precipitation in the days and weeks to come as the province struggles to rebuild after unprecedented flooding earlier this month.


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Transport, Finance and Telecommunications Lead Fastest Growing Sectors in Nigeria for Q3 2021 https://ege-rus.com/transport-finance-and-telecommunications-lead-fastest-growing-sectors-in-nigeria-for-q3-2021/ Fri, 19 Nov 2021 12:37:28 +0000 https://ege-rus.com/transport-finance-and-telecommunications-lead-fastest-growing-sectors-in-nigeria-for-q3-2021/ The rail transport, metal minerals, aviation and financial services sectors topped the list of the country’s fastest growing sectors for the third quarter of 2021. According to GDP figures presented by the National Office statistics (NBS). The rail transport sector grew 59.93% year-over-year in real terms in the third quarter of 2021, representing the fastest […]]]>

The rail transport, metal minerals, aviation and financial services sectors topped the list of the country’s fastest growing sectors for the third quarter of 2021. According to GDP figures presented by the National Office statistics (NBS).

The rail transport sector grew 59.93% year-over-year in real terms in the third quarter of 2021, representing the fastest growing sector during the review period, closely followed by minerals metals, which are a component of the mining and quarrying sector with a growth of 54.92%. rate.

Recall that Nairametrics reported on Thursday that Nigeria’s GDP for the third quarter of 2021 grew 4.03% year-on-year in real terms, consolidating the 5.01% increase recorded in the previous quarter.

Growth, which was largely driven by the non-oil sector, contributed 92.51% to aggregate GDP for the period, leaving the remaining 7.49% to the oil sector. Growth in the non-oil sector has been driven by growth in the business sector, ICT, finance, manufacturing, agriculture and transportation, according to the report.

Below are the fastest growing sectors / businesses during the review period:

Rail and pipeline transport – 59.93%

The rail transport and pipeline sector of the economy grew 59.93% year-on-year in real terms in the third quarter of 2021, following similar growth of 53.28% recorded in the previous quarter. The railway sector, which has seen an increased level of activity in recent times, with the new Lagos-Ibadan railway line.

The increased adoption of rail services across the country was clearly reflected in the GDP figures, as the sector experienced recurring contractions in the four quarters leading up to the second quarter of 2021.

At the same time, the vandalism of the Abuja-Kaduna railway lines in October by suspected bandits could pose a threat to the growth in the area.


Metallic ores – 54.92%

The GDP of the metal ores activity grew by 54.92% during the period under review, compared to a growth of 21.12% recorded in the previous period and a contraction of 6.22% recorded during the period under review. of the corresponding period of 2020.

The sector, which is a sub-activity of the mining and quarrying sector, is the only sub-sector of the group to record growth in the third quarter of the year. In particular, the production of crude and natural gas fell 10.73% year on year in real terms. This is no surprise, given the recorded decline in daily crude oil production in the country.

Coal mining also registered a 4.2% decline in GDP, while quarries and other minerals declined 4.2% during the review period.


Air transport – 33.31%

The aviation sector grew 33.31% in the third quarter of 2021, largely thanks to increased travel activity in the country, after the lockdown due to covid. Due to the reopening of most of the world’s economies, pent-up travel obligations have now been fulfilled, resulting in a significant expansion of the industry.

Compared to the previous quarter, the growth rate increased by 28.33% points against 4.98%. The sector experienced multiple declines between Q2 2020 and Q1 2021.


Financial institutions – 25.5%

The financial sector of the economy grew by 25.5% year on year in real terms in the third quarter of 2021, compared to a contraction of 4.54% recorded in the previous quarter and a growth of 6.8% recorded in the third quarter of 2020 .

The sector, which includes banks, investment houses and other financial services besides insurance, was able to recover from the recession of the previous quarter. Similarly, the broader sector, namely the financial and insurance sector, grew 23.23% in real terms compared to a 2.48% decline recorded in the previous quarter.


Road transport – 21.11%

The road transport sector is also among the elite list of fastest growing sectors during the review period, alongside other forms of transport. This is not a surprise, as travel has been reorganized across the country, with local travel also increasing significantly.

Notably, the sector grew by 21.11% year over year in real terms. However, this figure is lower than the 92.38% increase recorded in the previous quarter.


bubbling under

  • Water transport – 16.3%
  • Electricity – 14.36%
  • Water supply – 12.97%
  • Commerce – 11.9%
  • Telecommunications – 10.87%

What would you like to know

In the quarter under review, aggregate GDP stood at N45.11 trillion in nominal terms. This performance is superior to the third quarter of 2020 which recorded an aggregate GDP of 39.09 trillion naira, indicating a nominal growth rate of 15.41% year-on-year.

In terms of real GDP, the aggregate stood at N18.5 trillion in the third quarter of 2021.


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Russian fleet en route to New York may help ease diesel pain https://ege-rus.com/russian-fleet-en-route-to-new-york-may-help-ease-diesel-pain/ Thu, 18 Nov 2021 20:00:00 +0000 https://ege-rus.com/russian-fleet-en-route-to-new-york-may-help-ease-diesel-pain/ [Stay on top of transportation news: Get TTNews in your inbox.] A fleet of tankers loaded with Russian diesel bound for the US east coast could help reduce the highest retail fuel prices in seven years. Four tankers with 2 million barrels of Russian diesel on board, the highest amount of data dating back to […]]]>

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A fleet of tankers loaded with Russian diesel bound for the US east coast could help reduce the highest retail fuel prices in seven years.

Four tankers with 2 million barrels of Russian diesel on board, the highest amount of data dating back to 2018, are expected to arrive next week as gas-rich Russia launches material-dependent diesel production units first extracted from expensive natural gas. , according to Vortexa Ltd.

“Russia is better positioned to supply diesel than other refiners in Europe because of its access to cheap natural gas,” said Clay Seigle, managing director of Vortexa in Houston. “It’s very rare that we see such large volumes coming to the east coast. “

Cargoes will arrive in New York and New Haven, Connecticut, at a time when refinery maintenance in the United States has tightened the region’s fuel supply. The St. John refinery of Irving Oil Ltd. in Canada, a traditional fuel supplier on the east coast, is restarting units after having undergone work planned since the end of September. The region generally obtains most of its imports from Canada.

Russia has suspended natural gas flows to Europe in a row over the approval of the controversial Nord Stream 2 pipeline. But the nation is boosting diesel exports. Flows from the Baltic port of Primorsk are expected to reach their highest level since at least 2016.

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On the bus: how to get more people to use public transport https://ege-rus.com/on-the-bus-how-to-get-more-people-to-use-public-transport/ Thu, 18 Nov 2021 16:00:00 +0000 https://ege-rus.com/on-the-bus-how-to-get-more-people-to-use-public-transport/ OPINION: Over the past few months, I have done my best to use Taranaki public transport. I take one bus a week to find out why our public transport is not used that much, and if it could be. I have found that our bus service, while skeletal, has good bones. It’s reliable, fairly fast, […]]]>

OPINION: Over the past few months, I have done my best to use Taranaki public transport. I take one bus a week to find out why our public transport is not used that much, and if it could be.

I have found that our bus service, while skeletal, has good bones. It’s reliable, fairly fast, and the drivers are helpful.

In our user group I like Taranaki public transport, members notice how the extra effort to take a bus pays off in other ways, like avoiding car seat battles with the kids or being able to just relax and watch the world go by on the way to work.

I also explored the environmental, economic and health benefits of public transport.

READ MORE:
* On the bus: Make a silk carrying pouch from a legislative sow ear
* In the bus: The user of hybrid public transport
* On the bus: the arguments in favor of larger subsidies for public transport

But we don’t get these benefits unless people use it, especially those who would otherwise drive.

The number of full-fare passengers has declined in Taranaki in recent years. (Although encouraging, school services are becoming more and more popular.) So how do we get more people on the buses?

Behavior change experts have several telling ideas. Jamie Silk, Sustainable Change Advisor based in Taranaki told me that people need to know why they should change – in the case of public transport, its impacts on health, money and the environment.

Leah Turner-Giblin, 18, takes the bus from Stratford to New Plymouth to study.

LISA BURD / Tips

Leah Turner-Giblin, 18, takes the bus from Stratford to New Plymouth to study.

While it might seem obvious, I discovered that many people had never considered using public transport to reduce their own emissions, or that if we drove less, public money would save billions on every year. road projects and the health costs of air pollution and sedentary lives.

Silk says events trigger change as well. When London introduced congestion charging in 2003, no one expected the use of public transport to increase so much, so fast.

But that was in London, where public transport is full enough to be a good alternative for almost any journey.

A more positive trigger might be to make public transport more affordable.

After Queenstown introduced a flat rate of $ 2, the number of bus passengers more than doubled. Taranaki Regional Council (TRC) plans to try a simplified $ 2 pricing structure starting in early 2022.

Trill Sutherland has had a bus stop near her Fernbrook Drive residence for years, but it wasn't until recently that she got a bus route to accompany her.

SIMON O’CONNOR / Tips

Trill Sutherland has had a bus stop near her Fernbrook Drive residence for years, but it wasn’t until recently that she got a bus route to accompany her.

Free public transport could help reduce barriers for low-income people, but trials abroad has shown that most new users were previously pedestrians and cyclists, not drivers. We will have to do more to move people from cars to buses.

There are more general factors, such as make cities more accessible on foot, increase housing density and speed up public transport via dedicated buses and railways.

There has been recent government action in all of these areas, but improvement takes time and a lot of concrete.

So how can we make an impact today? New Zealand research found making services more frequent attracts more new passengers as reduced fares or increased cost of driving.

It’s great to hear that TRC plans to perform a full service to New Plymouth on Saturdays in December – let’s hope that continues.

If more people took buses, our air would be cleaner and congestion would decrease.

ANDY JACKSON / Stuff

If more people took buses, our air would be cleaner and congestion would decrease.

But perhaps the most important factor in attracting more bums to the buses is the simplest and the cheapest: the often underestimated. power to just ask people to do something.

Swedish search found the use of public transport increased the most where there was political support and clear communication urging people to use it.

Neither the TRC nor the New Plymouth District Council, and few councilors, post much (if any) positive public transport content on their Facebook pages or websites.

With initiatives to improve public transport in the works, this would be a good time to start. What is there to lose? Does anyone hate the idea of ​​cleaner air or less traffic?

How we ask people to use public transport more can also be important. Walking and cycling advocates tell me that one obstacle they find time and time again is the “Go Hard or Go Home” mentality of Greater New Zealand.

People think that becoming healthier or more sustainable has to involve huge and difficult changes, like riding a bicycle to and from work every day, rain or shine. Then they are demoralized by small failures and give up.

Incorporating public transportation into your transportation choices doesn't mean you can no longer use a car.

David Unwin / Tips

Incorporating public transportation into your transportation choices does not mean that you can no longer use a car.

A small change can be a more effective door to a big change. My commitment to take one bus per week has become much more for me.

Because it’s so hard to find a suitable trip, I now think about every trip. My husband and I used to drive at least once a day, but now it’s more like twice a week.

Thinking about each trip made us not only take more buses, but also ride bicycles, combine trips, make more use of local businesses and carpool.

I love this quote from writer Reid Wicks: “When it comes to getting more people on public transport, it’s’ we haven’t tried anything and we’re all out of ideas.” ”

There is a lot that we can do to encourage better transportation choices – we just need to start doing it.

Do you have any ideas to get more people to use Taranaki public transport? Share them on I like Taranaki public transport or send an email to surayasidhusingh@gmail.com.

– Suraya Sidhu Singh is a New Plymouth based writer with a passion for public transportation.


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Storm of the Century blocks Canada’s largest port, Idles Freight https://ege-rus.com/storm-of-the-century-blocks-canadas-largest-port-idles-freight/ Wed, 17 Nov 2021 17:15:00 +0000 https://ege-rus.com/storm-of-the-century-blocks-canadas-largest-port-idles-freight/ [Stay on top of transportation news: Get TTNews in your inbox.] Traffic at Canada’s largest port has been cut short by what local authorities are calling the storm of the century, the latest snag to hit the North American supply chain. Days of torrential rain hit British Columbia, triggering floods and landslides that blocked the […]]]>

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Traffic at Canada’s largest port has been cut short by what local authorities are calling the storm of the century, the latest snag to hit the North American supply chain.

Days of torrential rain hit British Columbia, triggering floods and landslides that blocked the tracks of the country’s two main railroads and washed away parts of its main east-west highway artery, the Trans-Canada Highway. .

This is the second time in less than five months that British Columbia – a major conduit to Asian markets and home to one of the busiest ports on the west coast – has been crippled by extreme weather: fires of forest and a record heat wave suffocated the region in the summer. This time, disruptions threaten the flow of goods before the peak winter holiday season.

The flooding cut train services to and from the Port of Vancouver and also closed all major road routes, the port said in a statement. It is not yet known when Canadian Pacific Railway Ltd. and Canadian National Railway Co. will be able to reopen their lines, he said. Almost 1,000 railcars carrying grain are stranded in the Vancouver corridor, according to estimates by Ag Transport Coalition.

British Columbia Transportation Minister Rob Fleming called it “the worst weather storm of the century” at a press conference at the end of November 16. Highway 3, an older road that runs roughly along the U.S. border, could be the first to reopen, he said. , without providing a deadline. The Trans-Canada Highway and another major artery, known as Coquihalla, will take longer, he said, noting the dramatic images emerging from the area, including chunks of highway tumbling into rough waters. “The damage to infrastructure is significant there. “

“This is an extreme weather event,” said Mike Farnworth, Deputy Premier of British Columbia. “The impacts have been significantly greater than expected. “

About two-thirds of containers in British Columbia are transported by rail, said Dave Earle, CEO of the BC Trucking Association. “There are going to be disruptions,” he said by phone. “We just don’t know how much for how long. “

There is enough grain in the port terminal elevators to keep exports going for “a few days and maybe a week,” said Mark Hemmes, president of Quorum Corp., an Edmonton grain transportation monitoring company, in. Alberta. “After that, it’s the wait.

Port terminals rely heavily on railways to deliver containers to be loaded onto ships, as well as for the transport of imported and exported goods. “When the cycle of inbound cars stops, that’s when congestion starts to build up at port terminals,” Hemmes said.

Canadian Pacific said its runway remained closed near Hope, about 93 miles east of Vancouver. Canadian National said several mudslides and washouts have damaged the runways and repairs are progressing, but traffic leaving and entering Vancouver is still affected.

For Veterans Day, host and Navy veteran Michael Freeze sits with Army veterans James Rogers, owner of Spartan Direct Trucking Co. and 2020 Transport Topics Trucking’s Frontline Hero, and John Baxter, columnist on the equipment. Listen to a sample above and get the full schedule by going to RoadSigns.TTNews.com.

Floods also disrupt energy infrastructure. Enbridge Inc. closed a segment of the Westcoast Pipeline, which carries gas from the interior to the Vancouver area, as a precautionary measure early Tuesday due to heavy rains and increased river flow, the river said. spokesperson Jesse Semko by email.

Some of the worst flooding has occurred in Merritt, where 7,000 residents were ordered to evacuate on November 15. The town is just 60 miles east of Lytton, which made headlines in June when it burned to the ground after registering the highest temperature on record. in Canada – 121 degrees Fahrenheit.

Earlier this week, some 275 people were transported by helicopter to safety after their vehicles became stranded on a highway between two landslides. So far, one death has been confirmed by the Royal Canadian Mounted Police.

Want more news? Listen to today’s daily briefing below or go here for more information:



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Bus transformed into mobile sauna as Japanese city rethinks public transport https://ege-rus.com/bus-transformed-into-mobile-sauna-as-japanese-city-rethinks-public-transport/ Mon, 15 Nov 2021 01:25:43 +0000 https://ege-rus.com/bus-transformed-into-mobile-sauna-as-japanese-city-rethinks-public-transport/ To travel Nov 15, 2021 12:43 AM2 minutes to read Hot ride: Japanese public transport has been given new life as a mobile sauna. Photo / Sabus, PR News Japan Fogged windows and swimsuits in public transport are a dream. Unless, of course, your city bus is also a sauna. A company in Hyogo Prefecture […]]]>
To travel

Hot ride: Japanese public transport has been given new life as a mobile sauna. Photo / Sabus, PR News Japan

Fogged windows and swimsuits in public transport are a dream.

Unless, of course, your city bus is also a sauna.

A company in Hyogo Prefecture in Japan has turned the unloved city transport into a charming wood-framed sauna.

The old Shinki Bus which served the town of Himeji has been transformed into a “transport of delights” nicknamed the Sabus.

Composed of both Sauna and Bus, the service promises to be very hot this winter.

Wooden seats have been added to the steam room on wheels.  Photo / Sabus, PR News Japan
Wooden seats have been added to the steam room on wheels. Photo / Sabus, PR News Japan

The old bus connections were once a point of pride for the Japanese city. Her cute cartoon mascot is a regular finalist in the Country Bus Character Championship, which is surprisingly big in Japan.

However, since the outbreak of the coronavirus pandemic, public transportation in the city of Himeji has been going through rough times. Reductions in commuting and tourism over the past 20 months have resulted in many buses being taken out of service.

To encourage people to get back on their buses, Shinki has moved sideways to the mobile public saunas.

The hammam on wheels is an original idea of ​​the Ribahsu company. A subsidiary of the Shinki Urban Network, according to the Japan Times, the word “リ バ ス” sounds both “rebirth” and “re-bus”.

The Shinki logo of a bird has been transformed into a phoenix, bringing warmth to the imaginative design.

The Sabus logo is a “rebirth” of the old city connection buses.  Photo / Sabus, PR News Japan
The Sabus logo is a “rebirth” of the old city connection buses. Photo / Sabus, PR News Japan

Beyond the pun, the bus itself has a lot of quirky charm. Wooden seats and panels have been incorporated into the design alongside the original features.

Older stop buttons are designed to release steam when pressed.

Just add steam: many of the original features of the bus have been reincorporated into the design of Sabus.  Photo / Sabus, PR News Japan
Just add steam: many of the original features of the bus have been reincorporated into the design of Sabus. Photo / Sabus, PR News Japan

The fully mobile on-road sauna will make a series of stops at festivals and events in February.

The Sauna bus might be the hot topic for Ribahsu, but there are plenty of other designs in the works. The company aims to turn old models of buses into portable showers and toilets or emergency facilities that can be deployed at any time.

This is a project that Hyogo emergency services can get involved in.



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PHMSA asks NPRM to temporarily suspend LNG transport by rail https://ege-rus.com/phmsa-asks-nprm-to-temporarily-suspend-lng-transport-by-rail/ https://ege-rus.com/phmsa-asks-nprm-to-temporarily-suspend-lng-transport-by-rail/#respond Wed, 10 Nov 2021 10:23:03 +0000 https://ege-rus.com/phmsa-asks-nprm-to-temporarily-suspend-lng-transport-by-rail/ On November 8, 2021, the U.S. Department of Transportation (DOT) Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a Notice of proposed regulations (NPRM) to propose a temporary suspension of the transport of liquid natural gas (LNG) by rail in certain DOT113 specification tank cars, previously authorized under the Trump administration’s July 2020 rule (LNG […]]]>

On November 8, 2021, the U.S. Department of Transportation (DOT) Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a Notice of proposed regulations (NPRM) to propose a temporary suspension of the transport of liquid natural gas (LNG) by rail in certain DOT113 specification tank cars, previously authorized under the Trump administration’s July 2020 rule (LNG by Rail final rule) .

Specifically, the PHMSA proposes to suspend the transport of LNG by rail under the final rule of LNG by rail while it “conducts an in-depth assessment of the HMR regulatory framework for the transport of LNG by rail in a regulation”. related under RIN 2137-AF54, and determine if any changes are necessary. “The PHMSA proposes to add a new special provision 439 to 49 CFR 172.102, which would prohibit the transport of LNG in tank cars until the PHMSA completes a separate regulatory proceeding. under NIR 2137-AF54 or until June 30, 2024, whichever occurs first.

According to the PHMSA, the NPRM comes after heightened uncertainty about the potential benefits and risks to safety and the environment of LNG rail transport under the Hazardous Materials Regulations (Hazardous Materials Regulations). In explaining the rationale for the temporary suspension, the PHMSA cites several information gaps, including those identified by the Transportation Research Board (TRB) in its Phase I report (released June 15, 2021). In particular, the PHMSA notes gaps in information regarding testing and risk assessment for public safety and the environment (e.g. regarding large-scale impact testing, pool fire testing, worst case analysis and quantitative risk assessment). The agency also says there have been shifts in supply and demand in international LNG markets, which has led PHMSA to believe there is more “uncertainty now than when the rule LNG by rail final has been published as to whether, when and where tank car transport of LNG – and by extension, all the potential benefits and risks to public safety / the environment – will materialize. “

The PHMSA concludes that the temporary suspension would not have “a significant negative impact on serious trust interests” in part because the transport of LNG by tank car has not yet taken place since the entry into force of the final rule of LNG by rail in August 2020. Transportation of LNG by rail can still occur if it is licensed under a special permit from the PHMSA or in a portable tank approved by the Federal Railroad Administration.

Comments on the proposed rule are expected on December 23, 2021. The PHMSA is specifically seeking comments on (1) the potential economic, public safety and environmental benefits and negative impacts of NPRM and (2) the duration of the suspension period.


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Mullen Group Revenue Rises and Profits Fall in Q3 https://ege-rus.com/mullen-group-revenue-rises-and-profits-fall-in-q3/ https://ege-rus.com/mullen-group-revenue-rises-and-profits-fall-in-q3/#respond Fri, 05 Nov 2021 04:00:00 +0000 https://ege-rus.com/mullen-group-revenue-rises-and-profits-fall-in-q3/ [Stay on top of transportation news: Get TTNews in your inbox.] Mullen Group Ltd. posted a record turnover but saw its profits decline in the third quarter. The Okotoks, Alta.-Based company said third-quarter net income fell 33.2% to C $ 17.5 million, from C $ 26.2 million in the same quarter of 2020. Profit diluted […]]]>

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Mullen Group Ltd. posted a record turnover but saw its profits decline in the third quarter.

The Okotoks, Alta.-Based company said third-quarter net income fell 33.2% to C $ 17.5 million, from C $ 26.2 million in the same quarter of 2020. Profit diluted per share fell to 19 cents Canadian, from 26 cents.

Revenue increased 48.7% to a record C $ 432.5 million, compared to C $ 290.9 million in the third quarter last year.

Mullen

CEO Murray Mullen attributed much of the revenue gain to a series of acquisitions made by the carrier over the past year. They include QuadExpress, based in Naperville, Ill., As well as Tri Point Intermodal Services and APPS Transport Group, both based in Mississauga, Ontario.

“Not only have these quality companies contributed to our revenue growth, but they are operating in sectors of the economy that we consider to have the best growth potential,” Mullen said in an Oct. 27 press release.

RELATED: Mullen accelerates its acquisitions

“The economy is driven by consumer spending, but in today’s economy the trend has never been so obvious, which is precisely why we have invested significant capital to acquire companies that supply logistics solutions to this sector of the economy, ”he said.

Mullen, however, said the carrier’s results were still being held back by COVID-19 workplace restrictions in Canada and the “underinvestment in capital spending” there.

“This is one of the main reasons our flatbed haulage business as well as the majority of our specialty and industrial services business declined again this quarter,” he said.

Mullen’s Specialty and Industrial Services segment revenues decreased 7.3% to C $ 85.7 million as a result of reduced pipeline construction. Segment operating income before depreciation and amortization, a key measure of operating income, decreased 26.4% to C $ 15.6 million.

Mullen’s other business units posted gains.

Road signs

In this episode, host Michael Freeze asks how do businesses save money by renting trucks rather than owning them? To get answers, we chat with Jim Lager of Penske Truck Leasing and Al Barner about strategic fleet solutions at Fleet Advantage. Listen to a sample above and get the full schedule by going to RoadSigns.TTNews.com.

Revenues from its LTL segment increased 50% to C $ 169.1 million as it was a major beneficiary of the increase in consumer spending. Its operating profit measure rose 30% to C $ 26.9 million.

Logistics and warehousing revenues increased 41.4% to C $ 121.9 million. Mullen attributed the gain to greater demand for freight services. Its operating profit measure rose 47.4% to C $ 22.7 million.

The company’s new US and international logistics segment added C $ 57 million in revenue and $ 2.9 million in operating profit. This was the first reporting period for this segment.

Mullen said revenues were above expectations due to the strength in the US freight market.

The company’s consolidated operating income before depreciation and amortization increased 17.3% to C $ 64.4 million.

Mullen Group is ranked 60th on the Transport Topics Top 100 list of the largest for-hire carriers in North America.

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Applied Molecular Transport (AMTI) gains 0.29% in Light Trading on November 4 https://ege-rus.com/applied-molecular-transport-amti-gains-0-29-in-light-trading-on-november-4/ https://ege-rus.com/applied-molecular-transport-amti-gains-0-29-in-light-trading-on-november-4/#respond Fri, 05 Nov 2021 01:37:00 +0000 https://ege-rus.com/applied-molecular-transport-amti-gains-0-29-in-light-trading-on-november-4/ Last prize $ Last trade Switch $ Percentage of change % Open $ Previous Close $ High $ moo $ 52 weeks high $ 52 weeks low $ Market capitalization P / E ratio Volume To exchange AMTI – Market data and news To exchange Applied Molecular Transport Inc (NASDAQ: AMTI) gained to close at […]]]>

Applied Molecular Transport Inc (NASDAQ: AMTI) gained to close at $ 24.10 Thursday after gaining $ 0.07 (0.29%) on volume of 149,599 shares. The stock ranged from a high of $ 25.00 to a low of $ 23.88, while Applied Molecular Transport’s market cap now stands at $ 926,034,354.

About Applied Molecular Transport Inc

Applied Molecular Transport Inc. is a clinical-stage biopharmaceutical company leveraging its proprietary technology platform to design and develop a pipeline of novel oral biological product candidates to treat autoimmune, inflammatory, metabolic and other diseases. AMT’s proprietary technology platform enables it to exploit existing natural cell trafficking pathways to facilitate the active transport of various therapeutic modalities across the barrier of the intestinal epithelium (IE). Active transport is an efficient mechanism that uses the cell’s own machinery to transport materials across the IE barrier. AMT believes that its ability to exploit this mechanism is a key differentiator of its approach. AMT is developing additional oral biologic product candidates in patient-friendly oral forms that are designed to target local gastrointestinal tissue or enter the systemic circulation to accurately process relevant disease biology. AMT’s corporate headquarters, in-house GMP manufacturing and laboratory facilities are located in South San Francisco, California.

Visit the Applied Molecular Transport Inc profile for more information.

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Workers in companies with 100 or more people should be vaccinated before January 4 or be tested weekly

Tens of millions of Americans who work in companies with 100 or more employees will need to be fully vaccinated against COVID-19 by January 4 or be tested weekly for the virus under government rules released Thursday.

The new requirements are the Biden administration’s boldest move to date to persuade reluctant Americans to finally get a vaccine that has been widely available for months – or face financial consequences. If successful, administration officials believe it will go a long way in ending a pandemic that has killed more than 750,000 Americans.

[More]


The Great Work Dilemma – How It Started and Where We Are Now

In September, the US economy created 194,000 jobs, well below analyst consensus expectations of 500,000 jobs. The unemployment rate fell to 4.8% from 5.2% in August. Ironically, there are many jobs available for workers, but companies across all industries report difficult conditions to attract workers.

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Moderna cuts its COVID-19 vaccine sales forecast

Moderna Inc (MRNA) on Thursday slashed the 2021 sales forecast for its COVID-19 vaccine by $ 5 billion as it struggles to fill vials and distribute them around the world, lowering its shares by nearly 15% before the opening bell.

Moderna executives said production challenges now lie in bottling doses, also known as fill and finish, and ramping up infrastructure to deliver them internationally, rather than producing raw materials. raw.

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About the Nasdaq Stock Market

The Nasdaq Stock Market is a global leader in trading data and services, as well as the listing of stocks and options. The Nasdaq is the world’s largest stock exchange for options volume and is home to the five largest US companies – Apple, Microsoft, Amazon, Alphabet and Facebook.

To get more information about Applied Molecular Transport Inc and keep up with the latest company updates, you can visit the Company Profile page here: Applied Molecular Transport Inc’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

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Workers in companies with 100 or more people should be vaccinated before January 4 or be tested weekly


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The transport startup faces mobility constraints https://ege-rus.com/the-transport-startup-faces-mobility-constraints/ https://ege-rus.com/the-transport-startup-faces-mobility-constraints/#respond Thu, 04 Nov 2021 21:02:00 +0000 https://ege-rus.com/the-transport-startup-faces-mobility-constraints/ Georges royeca George Royeca is the co-founder and lead transportation advocate of DBDOYC Inc., best known for its Angkas racing bike service in the Philippines. George received The Outstanding Young Men Award in 2020. In this interview, he shared his thoughts on differentiation and strategy as a startup. Q1: Can you tell us how many […]]]>

Georges royeca

George Royeca is the co-founder and lead transportation advocate of DBDOYC Inc., best known for its Angkas racing bike service in the Philippines. George received The Outstanding Young Men Award in 2020. In this interview, he shared his thoughts on differentiation and strategy as a startup.

Q1: Can you tell us how many Angkas services you have offered and in how many metropolitan cities so far? What other off-road calling services are in preparation?

George: Currently, transportation is our biggest service. We also have logistics, which is our padala service, and concierge service, which is our pabili service, both in Metro Manila and Metro Cebu. Recently, we have successfully completed the pilot and are commercially launching the Red Cross Home Service Partnership for RT-PCR (COVID-19 test) saliva.

Going forward, healthcare will be an important part of our content pipeline or our service pipeline: providing home services for labs, blood tests, etc., even telemedicine. But also, to a very large extent, we want to be able to really optimize or maximize the deliveries and logistics for the country.

Q2: What is Angkas’ vision? Are you going to go the Gojek Road as a super app in Indonesia, or will you also evolve, like Grab or Lime Bike Rental in the US, or transform into something else?

George: Angkas’ vision is mobility on two wheels. We want to be able to do everything around the two-wheel ecosystem. Our stakeholders are of course our customers or passengers both for transport and logistics, and possibly for food.

Our other equally important stakeholders are our bikers, among whom we are creating new two-wheel entrepreneurs. The hope is to be able to provide mobility and alternative transportation options for everyone.

Q3: What are the main challenges in providing a racing bike service in the Philippines? What about non-trip call services? How do you solve these challenges?

George: The main challenges in the Philippines right now are related to the pandemic. I mean, the market is down and a lot of people are working from home so there aren’t a lot of people leaving their homes in need of transportation and mobility. Since the majority of our services are passenger transport, this has really impacted us quite significantly. But all the same, we are very confident that when the economy starts to recover, especially with vaccinations, the need for public transport will still be there.

The current challenge is how to expand into various verticals that will allow bikers to earn money throughout the day in transportation, logistics and other services, such as healthcare.

Q4: There are now other racing bike service providers. Why should consumers choose Angkas? Why should drivers choose to work with Angkas?

George: I think being the pioneer we had a good head start. The Angkas brand is very strong and we pride ourselves on safety. And we have the highest safety record, not just in the Philippines, but I believe in the entire region, with a safety record of 99.997% (accident rate 0.003%). We are not a purely commercial enterprise, but also an advocate that continues to fight for the rights of ordinary Filipinos to care for their families by using a motorbike. It’s impacting millions of Filipinos across the country, and I think it resonates with a lot of our customers. We’ve really built a community around it. So if you use the Angkas service you are somehow supporting our cause to generate meaningful and worthy livelihoods for many low income families.

Safety has always been the most convincing aspect of our service and we have made sure that our standards are the highest in all areas in terms of insurance, customer service and rider training. If we were a school, we would be the biggest motorcycle safety training school in the whole country. With more than 150,000 bikers trained for free and only exceeding 30%, this shows that Angkas bikers are among the best in the metro.

Q5: If you had to start all over again, which part would you have changed before or during using Angkas?

George: Interestingly enough, I can’t change a thing. The challenges of Angkas have also been the strength of its brand. The way we persevered also inspired a tight-knit community born out of our collective struggle. So I think that feeds both sides, the good and the bad, so to speak. The challenges created opportunities for us and without these challenges these opportunities would not have been made available.

If we weren’t so controversial, we might not be as important or relevant.

-Contributed

Josiah Go is President and Chief Innovation Strategist of Mansmith and Fielders Inc. His work can be viewed at www.josiahgo.com

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