TRANSPORT & INFRASTRUCTURE

Glickman explained that he is resigning because the board preferred a different acquisition offer, rather than the bid by his consortium.

NoTraffic transforms traditional traffic lights into software-defined infrastructure, effectively turning them into digital assets.

Prices of new cars and used cars continue to fall in Israel but car parts and maintenance costs are on the rise, while leasing prices are unchanged.

Prices on some routes are up 82%, because of the higher cost of jet fuel and disruption at hubs in the Gulf.

The Central District Traffic Court ruled that the alerts do not justify driving at the speed at which the defendant was driving.

The sale by CEO Eli Glickman was at a price substantially below that at which Hapag-Lloyd and FIMI are supposed to buy the company.

The Tesla CEO will now visit Israel in May for the International Smart Transportation Conference.

The shipping company has followed rivals that have hiked freight rates on routes to Israel.

Former Bank Leumi chairman Samer Haj-Yehia, who served as advisor to Hapag-Lloyd, tells “Globes’ about the arduous and creative deal he brokered.

FIMI Funds founder and CEO Ishay Davidi said, "FIMI recognizes and believes in the strategic importance for the State of Israel of a strong independent Israeli shipping company.

The Israeli shipping company is being acquired for a 58.5% premium on its share price at the end of last week.

Talks broke down today between the workers and the ZIM board over reported sale of the company to Hapag-Lloyd and private equity firm FIMI.

In contradiction to Transport Minister Miri Regev’s decision that a new airport be built in Ziklag in the Negev, the cabinet has kept open the option of Ramat David in the north.

The deal will be structured so that the German shipping giant will buy the international operations of ZIM, while FIMI will acquire the Israeli operations, in which the state has a golden share.

Elon Musk will deliver the keynote speech at the Smart Transportation Conference as Tesla shifts towards robotics and autonomous cars.

On March 1 the fast lane into Tel Aviv from Netanya in the north is due to open with a park and ride option at Kibbutz Shefayim.

Israel Competition Authority former head Michal Halperin discusses whether Uber should enter Israel with Zohar Golan head of the taxi drivers association.

The ambition of executing so many major projects all at once, headed by the Metro, is not matched by the availability of resources.

In farewell interview before stepping down at the Globes Infrastructures of the Future Conference, Yali Rothenberg discussed the difficulties of raising funds for the Metro.

Bank Hapoalim deputy CEO Shmulik Arbel told the "Globes" Infrastructure of the Future conference that population growth meant that Israel had a large gap to close.

In discussions on an MOU for a US-administered technology park, the possibility was raised of a nuclear reactor to supply its huge energy demands.

The Israeli autotech company posted annual revenue up 14.5%, but predicts revenue under $2 billion for 2026.

Four projects meant to connect Europe and Asia via Israel are being hampered by both external and local obstacles.

Plans for the first two such hubs at the Hashalom Interchange and the Haganah Interchange involve covering over the Ayalon Highway with office and commercial space.

The 104-meter two lane Yitzhak Navon Bridge will link Nahlat Yitzhak in the east to near the Midtown project in the west.

In an unprecedented step, importers have cut prices due to the strong shekel, increased competition and the need to offload existing inventories.

The port’s docks, which until November 2023 were packed with imported cars from Japan, Korea and China, have never been emptier.

Among the projects in the tenders are the improvement of the stretch of Road 44 between Beit Dagan and Nir Zvi.

Finance will be needed to bridge timing gaps between the expenditure on Israel's largest ever infrastructure project and revenue from taxation and charges.

The cost of the project has risen to NIS 177 billion, while tax collection from development along its route is liable to be much lower than the government's estimates.