Business
Back to cars: Public transport expected to take post-pandemic beating – The Age
Victoria’s public transport will lose 114 million yearly trips post-pandemic, and city roads face worsening congestion as infection-wary commuters desert the network in favour of their cars.
The Department of Transport is considering expert warnings that rail will be hardest hit once the virus subsides, with usage to return to just 70 per cent of pre-pandemic levels.
Metro’s Hong Kong parent company, MTR Corporation, is reporting that a $HK70 million ($12.5 million) loss across its international subsidiaries in the first half of 2020 is “mainly due” to the dramatic dive in patronage and revenue on Melbourne’s suburban railway.
The Monash study found one in five people will stop tr…
-
Business21 hours agoWhy is Alphabet stock worth less than Nvidia, Microsoft, Apple, and Amazon even though it is the most profitable S&P 500 company?
-
Noosa News20 hours ago‘Sunny, benign’ school holiday weather after morning showers in parts of Queensland
-
General15 hours agoDeveloper warns wind energy capacity may not be ready by WA coal deadline
-
Noosa News18 hours agoTips to improve engagement – Proctor