A new plan to prevent airplane collisions
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 24 August 2023
⏱️ 7 minutes
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Summary
Following a troubling report on near-miss airplane accidents, the FAA is spending $120 million to help reduce the risk of collisions on airport runways. Plus, the bidding war for Yellow’s former trucking terminals, how businesses can better prepare for climate change, and New York’s coming crackdown on Airbnb rentals.
Transcript
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| 0:00.0 | The plan to prevent planes from colliding from marketplace, I'm Sabri Beneshore, |
| 0:07.3 | in for David Brunkhatchew. Air planes in the U.S. come far closer to colliding at airports, |
| 0:13.8 | far more frequently than many people imagine. New York Times reporting revealed there were |
| 0:18.9 | 46 close calls last month alone. Now, the Federal Aviation Administration is |
| 0:24.1 | showing out $120 million to help reduce the risk of accidents on runways. The money is going |
| 0:30.0 | to several airports around the country. Marketplaces know of a Sappho has more. The FAA has awarded Boston's Logan |
| 0:35.9 | Airport $45 million to simplify the layout of its airfield. That's where, in February, a jet |
| 0:42.7 | blue flight coming in for a landing came too close to a private jet, which was taking off. |
| 0:47.9 | The rate of safety incidents on airport runways in the U.S. has increased by 24 percent over the |
| 0:53.6 | last decade, according to data provided by the FAA. The $120 million that's now allocating will |
| 1:00.0 | help Boston's Logan, Reagan National in DC, and six other airports reconfigure or upgrade their |
| 1:06.7 | airfields. Recent safety lapses have also been blamed on a shortage of air traffic controllers. |
| 1:12.3 | The FAA says it's hired 1,500 additional ones, and the Biden administration is seeking more funding |
| 1:17.8 | from Congress to hire even more. I'm Nova Sappho for Marketplace. |
| 1:23.2 | The former trucking company Yellow is now in bankruptcy proceedings, so it is selling off its assets |
| 1:29.2 | to payback creditors. There's one piece of the company that buyers seem particularly interested in. |
| 1:35.0 | It's terminals. These are large logistical facilities where payloads are transferred between |
| 1:40.0 | trucks to get to their final destination. Two rival trucking companies have submitted bids, |
| 1:44.7 | each over a billion dollars for Yellow's network of terminals. Marketplaces Henry App explains |
| 1:50.3 | why these things are so valuable. Trucking terminals are sort of like regional hub airports, |
| 1:55.9 | the ones where you might have a layover. It's where all the deliveries come in are consolidated |
| 2:01.8 | into one load of things going in the same direction. David Carrell is a research scientist at MIT. |
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