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  • LOS ANGELES, Dec 17- Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports remain far from a deal with union dockworkers after seven months of contract talks, the companies said on Wednesday, again blaming the union for waterfront cargo slowdowns. The Pacific Maritime Association statement came a day before the companies were slated...

  • SYDNEY, Dec 18- Australia's New South Wales state said it plans to raise $16 billion by selling just under half its electricity network, using proceeds from one of the country's biggest privatisations for major rail, road and other infrastructure upgrades. The so-called "poles and wires" deal has been seen as attractive to large offshore investors like State...

  • Final Glance: Airlines companies Wednesday, 17 Dec 2014 | 7:08 PM ET

    Delta Air rose$. 79 or 1.7 percent, to $46.17. JetBlue Airways Corp. rose$. 69 or 4.8 percent, to $15.13. Southwest Airlines Co. rose$. 54 or 1.4 percent, to $40.12.

  • Alaska ferry project caught in flap over US steel Wednesday, 17 Dec 2014 | 4:38 PM ET

    JUNEAU, Alaska— A U.S. requirement that American steel be used to update an Alaska ferry terminal is causing some tension with Canadian officials, potentially threatening the project. The terminal is on Canadian soil, in British Columbia, but the land is leased to the state of Alaska. In these tough economic times, Canada and Alaska should be working together to...

  • Transpacific container shippers plan freight rate rise Wednesday, 17 Dec 2014 | 3:28 PM ET

    COPENHAGEN, Dec 17- A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40- foot container from Jan. 15, corresponding to an increase of 26.6 percent from the current level. The organisation also said container shipping companies should reinstate a $400 per FEU peak season surcharge ahead of the...

  • MILAN, Dec 17- Italy's top administrative court has given Emirates permission to continue operating direct flights between Milan Malpensa airport and New York, rejecting a request by rival airlines to stop the flights. An Italian court had initially backed their case and barred Emirates from flying on the New York- Milan route. Emirates is a direct competitor...

  • Midday Glance: Airlines companies Wednesday, 17 Dec 2014 | 1:17 PM ET

    Delta Air fell$. 73 or 1.6 percent, to $44.65. JetBlue Airways Corp. rose$. 08 or. 6 percent, to $14.52. Southwest Airlines Co. fell$. 75 or 1.9 percent, to $38.83.

  • Emirates CEO: The oil price drop is beneficial  Wednesday, 17 Dec 2014 | 11:40 AM ET

    Emirates Airline - and the industry more broadly - is benefitting from lower oil prices, and will report "healthy profits" says Tim Clark, President of Emirates Airlines.

  • UPDATE 3-FedEx profit misses expectations; stock down Wednesday, 17 Dec 2014 | 10:18 AM ET

    CHICAGO, Dec 17- FedEx Corp on Wednesday posted lower-than-expected quarterly earnings as results at its FedEx Ground and FedEx Freight units missed estimates, and it reiterated an outlook analysts consider conservative, sending its stock down nearly 5 percent. Both FedEx and main rival United Parcel Service Inc are in the final days of their peak holiday...

  • Early Glance: Airlines companies Wednesday, 17 Dec 2014 | 10:16 AM ET

    Delta Air rose$. 37 or. 8 percent, to $45.75. JetBlue Airways Corp. rose$. 10 or. 7 percent, to $14.54. Southwest Airlines Co. rose$. 04 or. 1 percent, to $39.62.

  • CHICAGO, Dec 17- Increased U.S. domestic and international volumes sparked higher quarterly profit at FedEx Corp, the package delivery company said on Wednesday, but quarterly earnings and its full-year outlook fell short of expectations. Both FedEx and main rival United Parcel Service Inc are in the final days of their holiday peak season, which has boomed...

  • CHICAGO, Dec 17- Package delivery company FedEx Corp reported lower-than-expected quarterly profit on Wednesday as U.S. domestic package and international export volumes rose, and reaffirmed its full-year profit outlook. Both FedEx and main rival United Parcel Service Inc are in the final days of their holiday peak season, which has boomed over the past...

  • CHICAGO, Dec 17- Package delivery company FedEx Corp reported a 23 percent jump in quarterly profits on Wednesday driven by higher U.S. domestic package and international export volumes, but fell short of analyst expectations. The Memphis- based company reported net income of $616 million for the quarter ending Nov. 30, compared with $500 million a year earlier.

  • FedEx misses Street 2Q forecasts, but profit jumps 23 pct Wednesday, 17 Dec 2014 | 7:39 AM ET

    FedEx's second-quarter earnings soared 23 percent, but the package delivery company missed Wall Street forecasts due partially to a lower-than-expected benefit from falling fuel prices. FedEx also said Wednesday that a jump in plane maintenance blunted gains the company reaped from managing costs, lowering its pension expense and growing its export...

  • China secures construction of European railway Wednesday, 17 Dec 2014 | 7:38 AM ET

    BELGRADE, Serbia— China secured a deal on Wednesday to construct a high-speed train link between the Belgrade and Budapest that will cut travel time between the Serbian and Hungarian capitals from eight hours to less than three. The 400- kilometer railway is part of China's ambitious plan to speed up the delivery of its exports to central Europe through...

  • FedEx earnings fall short of expectations Wednesday, 17 Dec 2014 | 7:31 AM ET
    A FedEx cargo plane at the company's distribution hub at Los Angeles International Airport.

    FedEx on Wednesday reported higher second-quarter earnings, but the numbers fell short of analysts' expectations.

  • German Cabinet OKs car toll for foreigners Wednesday, 17 Dec 2014 | 6:14 AM ET

    BERLIN— Beware foreign drivers: Germany's Cabinet has approved plans for a car toll on the country's highways that aims to raise money from foreign drivers and has caused friction with Brussels. Transport Minister Alexander Dobrindt said the plan would raise 500 million euros per year. Dobrindt said the plan is "worthwhile, fair and just" and insisted it...

  • Michigan road funds deal in doubt this session Wednesday, 17 Dec 2014 | 4:01 AM ET

    Rick Snyder and legislative leaders failed Wednesday to negotiate a potential tax increase to improve Michigan's deteriorating roads, as chances of a $1.2 billion deal dwindled before lawmakers adjourn for the year. The Senate and House approved vastly different plans after the November election. The Senate plan would more than double the 19- cents-...

  • BEIJING/ SHANGHAI, Dec 17- Deep-pocketed Chinese rivals and tough regulators stand in the way of U.S. car-hailing service Uber's plans to conquer one of the world's biggest transportation markets, even after it signed a tieup with domestic internet giant Baidu Inc.. "You have to do things differently in order to succeed here in China," Uber Chief Executive Travis...

  • Cash-strapped Indian airline SpiceJet grounded Wednesday, 17 Dec 2014 | 2:28 AM ET

    NEW DELHI— Low-cost Indian airline SpiceJet grounded all flights Wednesday after oil companies stopped supplies of jet fuel to the financially beleaguered carrier. India's civil aviation ministry Tuesday asked state-owned oil companies and airport operators to extend credit to SpiceJet for 15 days to prevent the airline from shutting down.

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