Friday, January 29, 2010

Zoom in on superior transport services

Targets have been set for the year to develop urban public transport in the Klang Valley, giving commuters something to look onward to. The Government plans to increase the capacity of public transportation with the addition of more facilities.

200 new buses will be added, along with four new bus express¬way transfer corridors. Mean-while, 800 bus stops will be upgrade.RapidKL's Kelana Jaya LRT line will see 26 new four-car trains, probable to triple the system’s ability when fully deployed.

The Key Performance pointer for urban public transportation is to boost public transport usage and advance accessibility and connectivity. This means by the end of the year, 75% of the population will be living within 400m of public transport routes.

There are already many signs of progress:

  • The realignment of 45 RapidKL routes, improving reporting from November 2009.
  • Arrival intervals for KTM Komuter trains have been cut from 20 minutes to 15 minutes with the use of additional train sets last November at high traffic segment.
  • Four new four-car trains set were added on the Kelana Jaya LRT line last December.
  • The launching of the RM150 RapidKL included travel passes allow unlimited travel on all Prasa-rana services, Rapid KL buses, Kelana Jaya LRT, Ampang LRT and Mono¬rail.

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Thursday, January 28, 2010

Recreating Classics: Want A Brand New '69 Camaro?

Friday, January 22, 2010

CSX 4Q Earnings Rise, but Shipping Volume Falls

The nation's third-largest railroad- CSX Corp, said Tuesday the economy improved modestly in the fourth-quarter, but its shipping volume dropped from a year ago as demand for coal to produce electricity remained weak.

CSX, based in Jacksonville, Fla., said fourth-quarter net earnings rose 23 percent compared to a year before — a period weighed down by a loss related to the company's sale of the money-losing Greenbrier resort. Excluding that year-ago loss, earnings from enduring operations fell 16 percent.

Shares fell more than 3 percent in after-hours trading, after concluding up 47 cents in the regular session to close at $50.51.

Railroads are seen as gauges for nation's economic health since they carry so many consumer and industrial goods — everything from toys to lumber to trucks. Analysts look to CSX, the first railroad to report fourth-quarter earnings, and its competitors to calculate how the larger economy is faring.

The railroad said gains in its transfers from trucks — a key indicator of consumer spending — and the Automotive segment were more than offset by rejects in shipments of coal and food. Stimulus programs including Cash for Clunkers and inventory restocking aided boost consumer and auto-related segments.

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Thursday, January 21, 2010

Detroit auto show report: GM, Ford load up small cars for bigger profits

At the Detroit auto show, General Motors Co. and Ford Motor Co. revealed their comeback strategy for small cars: Adorn them with features seldom seen in domestic econoboxes, such as roomy computer gadgets, interiors ,turbo charged engines and sporty sheet metal.

For example, the redesigned 2012 Ford Focus—Ford’s biggest splash at the show—has touch-screen controls for navigation, climate contro ,phone and entertainment. The car, due in early 2011, also can download applications utilized on Apple’s iPhone.

The small-car segment, which has been taken over by Asian auto makers, will be a key battleground as gasoline prices rise and federal mileage standards get tougher. But many Americans who equate small with cheap may balk at high stickers on small cars.

GM and Ford are offering a range of high- and low-end versions of the new cars. At the high end, Ford wants to present consumers “aspirational” small cars that appeal to affluent buyers, said Jim Farley, Ford’s group vice president of global marketing.

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