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  • WASHINGTON, Feb 6- The United States Postal Service ended its first quarter with a net loss of $754 million but increased its operating revenue as holiday shoppers boosted its package delivery business and as political mail from the midterm elections increased, the agency announced on Friday. The agency posted a net loss of $354 million in the same period last...

  • Low oil a boom for private jet business? Friday, 6 Feb 2015 | 8:47 AM ET
    Gulfstream G650

    The broadly lower cost per barrel could present a new business opportunity for the world's largest private jet company.

  • Feb 5- Chief executives of the three largest U.S. airlines said they want the U.S. government to modify or terminate air treaties with two Persian Gulf nations, the Wall Street Journal reported. In a joint interview, the CEOs of American Airlines Group Inc, United Continental Holdings Inc and Delta Air Lines Inc said subsidies and government policies for three...

  • What transports are telling us about the economy Thursday, 5 Feb 2015 | 5:28 PM ET

    Transports were an early indicator of the recessions in 1992, 2001 and 2008. So what are they saying about the economy now?

  • Trucker YRC Worldwide posts operating profit Thursday, 5 Feb 2015 | 4:53 PM ET

    Feb 5- Trucking company YRC Worldwide Inc reported a quarterly operating profit, helped by a $5.8 million gain on asset disposals. YRC recorded an operating income of $31.2 million for the fourth quarter ended Dec. 31, compared with an operating loss of $1.6 million, a year earlier. Revenue rose marginally to $1.22 billion.

  • Feb 5- Airbus reported a roughly $11 billion preliminary order from Colombian airline group Avianca Holdings on Thursday, gaining a head start in its 2015 order race with U.S. rival Boeing subject to a final confirmation of the deal. The memorandum of understanding for 100 A320neo-family jets is worth $10.6 billion at list prices based on the main model of the...

  • When will airline ticket prices fall? Thursday, 5 Feb 2015 | 12:29 PM ET
    An American Airlines aircraft takes off form a runway at Dallas-Fort Worth International Airport, Jan. 15, 2015, in Grapevine, Texas.

    As the price of oil declines, consumer advocates urge major U.S. airlines to lower ticket prices, NBCNews reports.

  • Oil tankers run gauntlet in Nigeria's "pirate alley" Thursday, 5 Feb 2015 | 11:35 AM ET

    LONDON, Feb 5- A pirate attack that killed a supertanker crewman off the coast of Nigeria this week has highlighted a growing threat off oil-rich West Africa, as vessels carrying millions of barrels of crude traverse a region that has become known as "pirate alley". Security experts say the waters off Nigeria are now the deadliest on earth, surpassing Somalia on...

  • TRIPOLI, Feb 5- Libya's only commercial flight link to mainland Europe was severed on Thursday when the state carrier said its foreign partner had pulled out of the country after a deadly attack last week on a Tripoli hotel. The Georgia- based company that provided the planes and crews had decided to quit Libya for security reasons, Afriqiyah said in a statement.

  • Feb 5- Even after two deadly crashes in seven months, TransAsia Airways Corp will likely rebound quickly as insurance covers any financial losses and its coveted routes through Taipei's downtown airport keep it popular with business travelers. "Songshan is in downtown Taipei... so their flights are valuable, especially for the corporate guys," said Marc Wang,...

  • LOS ANGELES, Feb 4- The chief labor negotiator for shippers and terminal operators at 29 U.S. West Coast ports raised the ante in contract talks with the dockworkers' union on Wednesday, warning that ports plagued by chronic cargo slowdowns were days away from complete gridlock. The companies have repeatedly accused the International Longshore and Warehouse...

  • West Coast ports on the verge of a complete gridlock Wednesday, 4 Feb 2015 | 7:39 PM ET
    The Port of Los Angeles

    Shipping officials have threatened to stop paying dockworkers if a contract deal is not reached soon.

  • SANTIAGO, Feb 4- A consortium led by France's Aeroports de Paris is the top bidder for a concession to run Santiago's international airport for the next 20 years and build a new terminal, as the Chilean capital seeks to become a hub for pan-Pacific traffic. The consortium consists of Aeroports de Paris, which runs Paris' Charles de Gaulle, France's Vinci Airports,...

  • Contract negotiators for U.S. West Coast ports hit snag Wednesday, 4 Feb 2015 | 3:42 PM ET

    LOS ANGELES, Feb 4- Shipping companies and terminal operators for 29 U.S. West Coast ports appeared to have hit a snag on Wednesday in protracted labor negotiations with the dockworkers' union, calling a news conference to publicly address the status of the talks. The companies have accused the International Longshore and Warehouse Union, representing 20,000...

  • Feb 4- Members of the United Nations' aviation arm, the International Civil Aviation Organization, meeting in Montreal this week, have endorsed a new standard that will require commercial aircraft to report their position every 15 minutes, a response to the disappearance of Malaysia Airlines Flight MH370. The guideline, which ICAO is aiming to bring into force...

  • Feb 4- With snow piling up in much of the United States, it might seem a bit early to start thinking about summer. storm, "says Rick Seaney, chief executive officer of FareCompare.com, which analyzes airfares. Asia- and Latin America- bound vacationers might find some bargains, while the carriers' sharing alliances that dominate the business will probably limit the...

  • SINGAPORE, Feb 4- Taiwan regulators are likely to put more pressure on TransAsia Airways to review its maintenance and safety procedures after Wednesday's crash, its second fatal accident in seven months. The death toll could still rise after the ATR 72-600, which had 58 passengers and crew on board, crashed into a river shortly after taking off from Taipei's...

  • SINGAPORE, Feb 4- Taiwan regulators are likely to put more pressure on TransAsia Airways to review its maintenance and safety procedures after Wednesday's crash, its second fatal accident in seven months. The death toll could still rise after the ATR 72-600, which had 58 passengers and crew on board, crashed into a river shortly after taking off from Taipei's...

  • Seven dead in New York commuter train collision Wednesday, 4 Feb 2015 | 2:34 AM ET
    Metropolitan Transportation Authority workers and police investigate a Metro-North train crash on February 3, 2015 in Valhalla, New York

    Seven people were killed and a dozen injured when a New York commuter train struck a car near suburban White Plains, sparking an explosion and a fire.

  • Taiwan jet with 58 on board crashes into river   Wednesday, 4 Feb 2015 | 12:26 AM ET
    Taiwan jet with 58 on board crashes into river

    A TransAsia Airways flight carrying 58 passengers has reportedly crashed into a river in Taiwan. CNBC's Samantha Loring reports.

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