Latest news with #cargo
Auto Express
9 hours ago
- Automotive
- Auto Express
New Ford Ranger PHEV 2025 review: plug-in pick-up sets the standard
The Ford Ranger PHEV manages to deliver lower emissions that will benefit business users while still offering all of the cargo carrying and towing capability that the standard diesel model can offer. For that reason alone the PHEV will be a top choice with buyers, while the Stormtrak trim has some added visual appeal that will draw more customers in. Advertisement - Article continues below As it stands, there's not much wrong with the Ford Ranger, but changes in legislation mean that this big-selling machine is in need of a revamp to help it keep pace with buyer demands. Emissions are now an important factor when it comes to business taxation, and the arrival of the new Ranger PHEV will be the perfect double-cab pick-up for those keen to keep their contributions to the taxman as low as possible. From the outside, not a lot looks different, although the new Stormtrak trim is exclusive to the PHEV model (it also comes in XLT and Wildtrak trims), Chill Grey is a cool blue hue that's unique to the Stormtrak (black is also offered), while there are unique wheel designs to mark the petrol-electric model out. The Stormtrak also has the option of a sliding sports bar that allows racks to be attached above the cargo bed, while Ford's Pro Power system allows users to connect any device with a three-pin plug to the truck's drive battery - which could come in handy for anybody wanting to take the Ranger off grid and out into the wilds. Skip advert Advertisement - Article continues below View Corsa View X3 View I-PACE The other visual clue to the alternative powertrain is the fact there are two filler flaps on the nearside rear wing. One (the one with a lightning bolt set into it) pops open to reveal the charging port for the drive battery, while the other flap ahead of it is the fuel filler, which is released with the push of a button on the dashboard. Advertisement - Article continues below These are used to refill an 11.8kWh battery and a 70-litre fuel tank respectively, with the latter supplying petrol to a 2.3-litre turbocharged four-cylinder that we've seen previously in the UK in the Ford Focus RS/ST and Mustang. The set-up in the Ranger PHEV makes 277bhp and 697Nm of torque, so the plug-in model is second only to the petrol Ranger Raptor for power, while Ford's familiar 10-speed automatic gearbox is fitted as standard. There's a 0-62mph time of 9.2 seconds, while the Ranger PHEV also boasts a towing weight of 3.5 tonnes and a payload of more than a tonne, so there are no compromises there when compared with the diesel versions. One area where there is a bit of compromise is with the load bed, because there is a subtle rise in the floor that is designed to help accommodate the drive battery. That means cargo volume isn't quite a match for the diesel Ranger, but it's not far behind. Skip advert Advertisement - Article continues below This might be a small enough price to pay for business users looking to cut their outgoings. Previously, double cab pick-up trucks faced a flat rate of Benefit-in-Kind taxation (currently set at £3,960pa for vans weighing less than 3.5 tonnes), but now the rates are calculated based upon emissions. Seeing as diesel double cab pick-ups are quite heavy polluters, that places them in the top emissions-based category for BiK at 37 per cent. For top-rate earners, that means tax bills in the region of £7,000 for a diesel Ranger Wildtrak, but the 71g/km emissions of the PHEV mean costs are slashed to £4,600 a year. So that's the reason for introducing the Ranger PHEV, but what's it like to drive? In brief, pretty much like any other automatic Ranger. The combination of electric motor and petrol engine is good, with the former delivering instant responses while the engine gets up to speed, and the petrol engine is reasonably hushed and distant when it does cut in. The powertrain is decent, with no real shunt between drive sources, and the brakes are positive, too, with plenty of stopping power. Advertisement - Article continues below In corners the Ranger gives the game away in terms of weight, but while there's some body roll, it's no worse here in the heavier PHEV than in the standard car. The ride is pretty compliant, too, although the slow steering and a slightly bouncy edge at higher speeds means the Ranger could be a bit more comfortable, but then it's no worse than a lot of supposedly family-friendly SUVs. Skip advert Advertisement - Article continues below The usual suite of drive modes is selectable via the push-button controls down behind the drive selector, including an EV button that allows you to either drive the PHEV in standard hybrid mode – switching between power sources as the electronics see fit – switch to silent EV running, save the charge for later or recharge the battery using the engine while on the move. We wouldn't say the latter is particularly economical, but can give you some extra charge if you need it. We tried the Ranger PHEV off-road, where it proved to be just as adept as the standard model. That means the long-wheelbase struggles a little with a series of ruts that can see the side steps scrape the ground, but otherwise the Ranger is surprisingly capable. There's something eerie about driving an electric 4x4 in virtual silence, only hearing the surrounding countryside crack and scrunch as you drive through. The Ranger's standard-fit high range 4WD and rear diff lock can function while in EV mode, but low-range sees the engine cut in to assist at all times. Either way, the only other limiting factor might be the petrol engine's exhaust, which points down to the ground behind the rear axle, and looks low enough that it might scrape when exiting a particularly steep transition. Model: Ford Ranger 2.3 EcoBoost PHEV Stormtrak Price: £49,800 ( On sale: Now Powertrain: 2.3-litre turbo petrol PHEV Power/torque: 277bhp/697Nm Transmission: 10-speed automatic, four-wheel drive 0-62mph: 9.2 seconds Top speed: TBC EV range: 25.5 miles Economy/CO2: 94.2mpg/71g/km Size (L/W/H): 5,370/2,015/1,878mm New Volvo EM90 2025 review: the ultimate SUV killer New Volvo EM90 2025 review: the ultimate SUV killer Volvo has made an ultra-luxurious van. Intrigued? You should be, but sadly it's for China only Smart Roadster could return as an electric Mazda MX-5 rival Smart Roadster could return as an electric Mazda MX-5 rival The Smart Roadster could be set for a comeback and our exclusive image previews how it could look New Audi Q3 reinvents the indicator stalk, but there's a whole lot more too New Audi Q3 reinvents the indicator stalk, but there's a whole lot more too Audi's not taking any risks with its all-new Q3; watch it sell like crazy
Zawya
10 hours ago
- Business
- Zawya
Egypt: Canal Shipping extends operation deal for 2 storage yards at Safaga Port
Arab Finance: Canal Shipping Agencies has extended its contract with the Red Sea Ports Authority for managing and operating two cargo storage yards at Safaga Port to 10 years for each one, according to a bourse disclosure. The company inked a partnership agreement with the Suez Mechanical Stevedoring Company on October 8 th, 2023, to operate the two yards in exchange for a percentage of the general revenue. A total of 80% of the revenues will be allocated to the Red Sea Ports Authority, while the remaining 20% will be directed to the two companies. The previous agreement included seven years for operating the general cargo and vehicle storage yard, with an area of 24,320 meters, and five years for the hazardous materials yard, with an area of 5,140 meters. Furthermore, the minimum for managing and operating the two yards has been reduced to 32.700 million instead of 85 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
2 days ago
- Business
- Yahoo
HALO AirFinance Closes Senior Term Loan Secured by B747-400ERF for Middle East Cargo Operator
FORT LAUDERDALE, Fla. and TOKYO, June 17, 2025 /PRNewswire/ -- HALO AirFinance ("HALO"), a joint venture between GA Telesis ("GAT") and Tokyo Century Corporation ("TC"), announced the successful closing of a senior term loan facility for an established Middle East based cargo operator. The financing of a mature Boeing 747-400ERF aircraft helped the airline raise funds for working capital needs. The transaction further demonstrates HALO's ability to originate and execute tailored financing solutions for the global commercial aviation sector. With deep industry expertise and a disciplined credit approach, HALO continues to serve as a trusted partner to airlines, lessors, and investors seeking flexible capital to support their fleet strategies. "This financing underscores HALO's mandate to deliver customized capital solutions across the aviation lifecycle," said Marc Cho, Co-Head and Managing Director of HALO. "We are pleased to support a leading cargo operator in the region and look forward to continuing to expand our reach across global markets." HALO remains focused on providing value-driven financing products to a broad range of counterparties, with an emphasis on mature aircraft and engine assets. About HALO HALO AirFinance is a joint venture established by GA Telesis, LLC and Tokyo Century Corporation to focus the extensive capabilities of both organizations to deliver customized lending solutions to airlines, lessors, and investors, covering the collateral spectrum from new to mature aircraft and engines. HALO utilizes a sophisticated underwriting approach derived and supported by an extensive platform of services, products, and capabilities of the GA Telesis Ecosystem and the Tokyo Century conglomerate. For further information, please contact info@ About GA Telesis GA Telesis, a global leader in aerospace solutions, is renowned for its unmatched excellence in aftermarket services and lifecycle management. The GA Telesis Ecosystem™ is a vast global network spanning 54 locations in 30 countries on six continents. The company's integrated solutions include parts and distribution services, logistics solutions, inventory management, leasing and financing, engine overhaul, and MRO services. GA Telesis is committed to sustainability through innovative sustainability initiatives and advanced technologies, including digital transformation, and using advanced materials. The company's aerospace systems and connected aircraft technologies drive efficiency and performance, while its MRO network and 24/7 AOG support provide unparalleled reliability. About Tokyo Century Corporation Tokyo Century Corporation is an industry-leading financial services company with roots in leasing and develops a business model that integrates "Finance x Services x Business Expertise" through co-creative businesses with partner companies in Japan and overseas. The company holds 49.2% of GA Telesis shares and is the largest shareholder. Tokyo Century Corporation has four operating segments: "Equipment Leasing" with a broad customer base, "Mobility & Fleet Management" with auto leasing for both corporate customers and individuals and car rental services, "Specialty Financing" driving growth mainly in aviation leasing and real estate business, and "International Business" with a network spanned more than 30 countries and regions worldwide. It provides unique finance and services that contribute to solving social and environmental issues in a wide range of business domains. View original content to download multimedia: SOURCE GA Telesis, LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Corporación América Airports S.A. Reports May 2025 Passenger Traffic
Total passenger traffic up 15.9% YoY, up 21.4% YoY in Argentina International passenger traffic up 12.1% YoY; up 19.6% YoY in Argentina LUXEMBOURG, June 17, 2025--(BUSINESS WIRE)--Corporación América Airports S.A. (NYSE: CAAP), ("CAAP" or the "Company"), one of the leading private airport operators in the world, reported today a 15.9% year-on-year (YoY) increase in passenger traffic in May 2025. Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2025 vs. 2024) Statistics May'25 May'24 % Var. YTD'25 YTD'24 % Var. Domestic Passengers (thousands) 3,502 2,958 18.4% 17,671 16,298 8.4% International Passengers (thousands) 2,787 2,487 12.1% 13,366 11,847 12.8% Transit Passengers (thousands) 614 511 20.3% 3,132 2,845 10.1% Total Passengers (thousands)1 6,903 5,955 15.9% 34,169 30,989 10.3% Cargo Volume (thousand tons) 33.6 31.5 6.6% 161.8 152.5 6.1% Total Aircraft Movements (thousands) 71.3 64.8 10.1% 349.3 329.3 6.1% 1 Following the friendly termination process concluded in February 2024, CAAP no longer operates Natal airport. Statistics for Natal are available up to February 18, 2024. Excluding Natal for comparison purposes, total passenger traffic YTD was up 11.6%. Passenger Traffic Overview Total passenger traffic increased by 15.9% in May compared to the same month in 2024. Domestic passenger traffic rose by 18.4% year over year (YoY), largely driven by Argentina, along with strong performances in Brazil and Italy. Meanwhile, international traffic grew by 12.1%, with all operating countries contributing positively YoY—except Ecuador—and particularly strong results in Brazil, Argentina, Italy, and Uruguay. Notably, Argentina accounted for 66% of the total traffic growth in May. In Argentina, total passenger traffic increased by 21.4% YoY, primarily driven by the ongoing recovery in domestic traffic, which rose by 22.2% YoY—marking three consecutive months of double-digit growth. JetSMART, which has been introducing new routes in recent months, continued to gain market share, serving 157% more passengers than in the same month last year. Aerolíneas Argentinas saw its market share decline by 2 percentage points; however, it carried 18% more passengers than in May 2024, boosted by the final match of the Argentine Football Cup. Flybondi's market share decreased by 11 percentage points compared to the same month last year. International passenger traffic also remained strong, increasing by a solid 19.6% YoY. JetSMART began operating flights between Mendoza and Rio de Janeiro with two weekly frequencies, while GOL inaugurated the Aeroparque–Porto Alegre route with three weekly frequencies. Load factors on routes to Europe and the U.S. either slightly increased or remained stable in May. In Italy, passenger traffic grew by 10.3% compared to the same month in 2024, mainly supported by an increase in flight frequencies by Ryanair. International passenger traffic—which accounted for over 80% of total traffic—rose by 9.4% YoY, driven by a 14.0% increase at Florence Airport and a 6.0% increase at Pisa Airport. Domestic passenger traffic grew by 15.0% YoY, fueled by a robust performance at Pisa Airport and supported by the aforementioned increase in flight frequencies by Ryanair. In Brazil, total passenger traffic increased by a solid 16.4% YoY, reflecting an improvement in traffic trends despite the ongoing challenges in the aviation environment and aircraft constraints in the country. Domestic traffic, which accounted for nearly 60% of total traffic, rose by 14.0% YoY, while transit passengers increased by 17.7% YoY. Notably, although representing a small share of total traffic (5%), international traffic grew strongly by 41.2% YoY. In Uruguay, total passenger traffic—predominantly international—rose by 8.3% YoY, showing a slight sequential deceleration from April, which had benefited from additional demand generated by the Easter holiday. Azul Linhas Aéreas announced a new direct route between Montevideo and Campinas, with five weekly flights starting in July. This new connection will help strengthen ties between Uruguay and Brazil, facilitating passenger flow and promoting the development of new commercial and tourism opportunities. In Ecuador, where security concerns persist, passenger traffic decreased by 0.8% YoY. International traffic declined by 1.0% YoY, mainly due to reduced operations to the U.S., while domestic traffic increased slightly by 0.3% YoY, impacted by high airfares that have dampened travel demand. In Armenia, passenger traffic increased by 7.3% YoY. Travel demand has benefited from the introduction of new airlines and routes, as well as increased flight frequencies. Wizz Air recently announced the opening of a new base at Yerevan's Zvartnots Airport, with two aircraft and eight new direct routes to Europe. Cargo Volume and Aircraft Movements Cargo volume increased by 6.6% compared to the same month in 2024, with positive YoY contributions from all countries of operations except for Italy. Performance by country was as follows: Brazil (+21.1%), Armenia (+19.7%), Uruguay (+14.8%), Ecuador (+4.3%), Argentina (+0.3%), and Italy (-5.9%). Argentina, Brazil, and Uruguay accounted for almost 80% of the total cargo volume in May. Aircraft movements increased by 10.1% YoY, with positive contributions from all countries of operation: Argentina (+12.7%), Uruguay (+12.4%), Brazil (+9.2%), Armenia (+8.8%), Italy (+8.0%), and Ecuador (+1.5%). Argentina, Brazil, and Italy accounted for more than 80% of total aircraft movements in May. Summary Passenger Traffic, Cargo Volume and Aircraft Movements (2025 vs. 2024) May'25 May'24 % Var. YTD'25 YTD'24 % Var. Passenger Traffic (thousands) Argentina 3,540 2,916 21.4% 19,366 16,870 14.8% Italy 979 888 10.3% 3,507 3,173 10.5% Brazil (1) 1,357 1,165 16.4% 6,414 6,209 3.3% Uruguay 169 156 8.3% 1,013 957 5.8% Ecuador 390 393 -0.8% 1,926 1,913 0.7% Armenia 468 436 7.3% 1,942 1,867 4.0% TOTAL 6,903 5,955 15.9% 34,169 30,989 10.3% (1) Following the friendly termination process concluded in February 2024, CAAP no longer operates Natal airport. Statistics for Natal are available up to February 18, 2024. Excluding Natal for comparison purposes, total passenger traffic YTD was up 11.6%. Cargo Volume (tons) Argentina 16,909 16,856 0.3% 84,103 78,319 7.4% Italy 1,071 1,137 -5.9% 5,344 5,313 0.6% Brazil 5,552 4,584 21.1% 26,157 25,196 3.8% Uruguay 3,427 2,986 14.8% 14,651 12,599 16.3% Ecuador 3,420 3,279 4.3% 15,439 16,291 -5.2% Armenia 3,216 2,686 19.7% 16,094 14,768 9.0% TOTAL 33,595 31,528 6.6% 161,787 152,485 6.1% Aircraft Movements Argentina 37,259 33,072 12.7% 195,577 181,380 7.8% Italy 8,995 8,329 8.0% 31,717 29,456 7.7% Brazil 12,602 11,540 9.2% 59,425 58,496 1.6% Uruguay 2,480 2,207 12.4% 15,387 14,361 7.1% Ecuador 6,390 6,297 1.5% 32,020 31,279 2.4% Armenia 3,600 3,310 8.8% 15,168 14,318 5.9% TOTAL 71,326 64,755 10.1% 349,294 329,290 6.1% About Corporación América Airports Corporación América Airports acquires, develops and operates airport concessions. Currently, the Company operates 52 airports in 6 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2024, Corporación América Airports served 79.0 million passengers, 2.7% (or 0.4% excluding Natal) below the 81.1 million passengers served in 2023, and 6.2% below the 84.2 million served in 2019. The Company is listed on the New York Stock Exchange where it trades under the ticker "CAAP". For more information, visit View source version on Contacts Investor Relations Contact Patricio Iñaki EsnaolaEmail: Phone: +5411 4899-6716 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
2 days ago
- Business
- CTV News
DHL Express to suspend operations countrywide amid strike, lockout
An airplane stands in the hangar during the official launching ceremony of the Airbus A330-200 cargo airplane by the European Air Transport Leipzig GmbH (EAT) at the European DHL Express air freight hub in Schkeuditz near Leipzig, Germany, Friday, Oct. 12, 2018. (AP Photo/Jens Meyer)
