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  • There are more Uber cars than yellow cabs in NYC Wednesday, 18 Mar 2015 | 12:44 PM ET
    Uber signage inside the company's office.

    Uber now has 14,088 cars in its New York City fleet, compared to 13,587 yellow cabs, the NYC Taxi and Limousine Commission said.

  • March 18- Package delivery company FedEx Corp reported a better-than-expected quarterly net profit on Wednesday but forecast full-year earnings below analysts' estimates as it looked for the global economy to grow at a lackluster rate. Memphis- based FedEx also said fuel expenses were reduced by 30 percent due to low oil prices but its international...

  • March 18- Package delivery company FedEx Corp reported a better-than-expected quarterly net profit on Wednesday, driven by higher package volumes, but forecast full-year profit below analyst forecasts. Memphis- based FedEx also said fuel expenses were reduced by 30 percent due to low oil prices but its international business was hurt by falling fuel...

  • BERLIN, March 18- Lufthansa pilots began the first of two days of strike action on Wednesday in a long-running dispute over early retirement benefits and the carrier's cost-cutting plans which shows no sign of ending. The German airline is trying to cut costs and expand budget operations as it tries to compete with low-cost carriers like Ryanair and easyJet in...

  • March 18- American Express Co said it will team up with seven U.S. companies, including Macy's Inc, AT&T Inc and Exxon Mobil Corp, to launch a cross-brand loyalty program for the first time in the United States. AmEx issues cards co-branded with individual U.S. companies such as Delta Airlines Inc, Starwood Hotels& Resorts Worldwide Inc and Cathay Pacific Airways...

  • Solar Impulse can 'fly almost forever': Pilot   Wednesday, 18 Mar 2015 | 5:50 AM ET
    Solar Impulse can 'fly almost forever': Pilot

    Andre Borschberg, co-founder, CEO and pilot of Solar Impulse, talks to CNBC about how his flight is going so far, adding that the airplane is very sustainable in terms of energy and can last for a week or month nonstop.

  • WASHINGTON, March 17- The Obama administration has asked U.S. airlines for more information on their claims that Gulf carriers have received market-distorting subsidies, marking its first written response to U.S. airlines' lobbying effort, Reuters has learned. Leaders in the U.S. House Committee on Transportation and Infrastructure have recently called on...

  • Emirates airline doesn't get govt handouts: Exec Tuesday, 17 Mar 2015 | 6:07 PM ET
    Emirates President Tim Clark.

    The airline's president rebuffed complaints by some U.S. rivals that the carrier had an unfair competitive advantage.

  • BERLIN/ WASHINGTON, March 17 (Reuters)- The United States urged countries on Tuesday to think twice about signing up to a new China- led Asian development bank that Washington sees as a rival to the World Bank after Germany, France and Italy followed Britain in saying they would join. The concerted move by U.S. allies to participate in Beijing's flagship economic...

  • A report released by the U.S. Transportation Department Office of Inspector General found that the FAA lacks the training and guidance necessary to enforce Bush-era regulations that allow carriers to disclose hazardous material violations voluntarily, without incurring civil penalties. In 65 percent of hazardous material cases, OIG investigators...

  • WASHINGTON, March 17- Top executives of U.S. airlines and their Middle East competitors clashed in Washington on Tuesday over whether "open skies" deals are fair, and each side ramped up efforts to sway U.S. regulators at a high-profile forum. A coalition of Delta Air Lines Inc, United Continental Holdings Inc, American Airlines Group Inc and their labor unions...

  • OTTAWA, March 17- Canada's transportation watchdog said on Tuesday that recent fiery derailments of trains hauling crude oil mean a new generation of stronger tanker wagons should be introduced ahead of schedule. The Transportation Safety Board is probing two accidents within the last month involving Canadian National Railway Co oil trains which came off...

  • LONDON, March 17- Demand for oil is intimately connected to the demand for transportation in the United States and the other advanced industrial economies. Cars, trucks, airlines, railways and shipping accounted for 71 percent of total U.S. oil consumption in 2013, according to the U.S. Bureau of Transportation Statistics. Petroleum-derived fuels, including...

  • PARIS/ BEIJING, March 17- Germany, France and Italy said on Tuesday they had agreed to join a new China- led Asian investment bank after close ally Britain defied U.S. pressure to become a founder member of a venture seen in Washington as a rival to the World Bank. It comes amid prickly trade negotiations between Brussels and Washington, and at a time when EU and Asian...

  • U.S. and Gulf airlines set to clash at aviation summit Tuesday, 17 Mar 2015 | 7:38 AM ET

    Three U.S. airlines have accused their competitors from the Gulf of receiving more than $40 billion in government subsidies, and have called on the White House to address the claims in talks on "Open Skies" with Qatar and the United Arab Emirates. Emirates Airline, Qatar Airways and Etihad Airways have denied the allegations, saying U.S. airlines have lost market...

  • LANGKAWI, Malaysia, March 17- A new privately held Malaysian airline intends to buy 20 Bombardier Inc CS100 aircraft for $1.5 billion, in what could be the Canadian planemaker's first order in Southeast Asia for its long-delayed CSeries passenger jet program. The airline, called flymojo, could also buy 20 more aircraft, which would raise the value of the deal to...

  • SEOUL, March 17- A senior U.S. diplomat said it was up to individual countries to decide on joining a new China- led international development bank, as media reports said a growing number of close U.S. allies were ignoring Washington's pressure to stay out of the institution. France, Germany and Italy have agreed to follow Britain's lead and join the Asian...

  • SEOUL/ SINGAPORE, March 17- Singapore Airlines Ltd is in talks to buy a stake in South Korea's largest low-cost carrier Jeju Air Co Ltd, a deal that would be the flag carrier's first foray into North Asia where rising demand from Chinese passengers is fuelling growth. Singapore Airlines and Jeju Air said on Tuesday they were in talks about a possible investment, but...

  • March 16- The number of travelers flying on U.S. airlines is expected to grow by about 50 percent in the next two decades, according to a report by the U.S. Federal Aviation Administration. The FAA forecast on Monday that U.S. airlines will carry 1.14 billion passengers by 2035, up from an estimated 756.3 million last year, assuming in part that U.S. real gross...

  • Dubai- based Emirates Airline will present its response this week in Washington to a dossier compiled by a group of U.S. airlines alleging that Emirates, Etihad Airways and Qatar Airways had received more than $40 billion in state subsidies, giving them an unfair advantage. Delta Air Lines Inc, United and American Airlines have asked the White House to look into...

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