• 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 met twice Wednesday to negotiate a potential tax increase to improve Michigan's deteriorating roads, as chances rose that no deal will be struck 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 gasoline and...

  • 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.

  • BEIJING, Dec 17- Chinese Internet giant Baidu Inc agreed to buy a stake in Uber as the online car-hailing service seeks to gain ground on rivals with powerful backers in one of the world's biggest transportation markets. Baidu is the latest big-name investor, joining the likes of Goldman Sachs and Google Inc, to place a bet on the fast-growing transportation...

  • Beijing to get third airport to reduce congestion, delays Wednesday, 17 Dec 2014 | 12:39 AM ET

    BEIJING— China has green-lighted a third airport for the capital Beijing in a bid to reduce congestion and chronic delays, state media reported Wednesday. China is splashing out on specific infrastructure as part of efforts to limit its economic slowdown. State planning agency the National Development and Reform Commission has set the airport's...

  • Inslee wants carbon tax to fund transportation Wednesday, 17 Dec 2014 | 12:15 AM ET

    MEDINA, Wash.— Overlooking the state Route 520 floating bridge project, Washington Gov. "It's a pretty elegant solution for the state of Washington. The state will face a 52 percent drop in its maintenance budget and 71 bridges will become structurally deficient if the Legislature is not able to pass a transportation budget in the 2015 session, he said.

  • Final Glance: Airlines companies Tuesday, 16 Dec 2014 | 6:41 PM ET

    Delta Air fell $2.42 or 5.1 percent, to $45.38. JetBlue Airways Corp. fell$. 50 or 3.3 percent, to $14.44. Southwest Airlines Co. fell $2.00 or 4.8 percent, to $39.58.

  • Several hurt after American jet meets turbulence Tuesday, 16 Dec 2014 | 4:24 PM ET

    FORT WORTH, Texas— An American Airlines jet encountered severe air turbulence shortly after taking off from Seoul, South Korea, prompting an unscheduled landing at Narita International Airport in Tokyo after 14 people asked for medical attention. A statement issued by the Fort Worth, Texas- based carrier says American Flight 280 was headed for Dallas-Fort...

  • FedEx truck crashes in Georgia, spills packages Tuesday, 16 Dec 2014 | 3:53 PM ET

    FORSYTH, Ga.— A FedEx truck crash along a Georgia interstate sent packages spilling all over the highway just nine days before Christmas. A FedEx truck also overturned in New Jersey on Monday, one of the company's busiest shipping days of the year. FedEx spokeswoman Connie Avery says customers with questions on their shipments should track their packages online,...

  • Midday Glance: Airlines companies Tuesday, 16 Dec 2014 | 1:20 PM ET

    Delta Air fell $2.01 or 4.2 percent, to $45.79. JetBlue Airways Corp. fell$. 45 or 3.0 percent, to $14.50. Southwest Airlines Co. fell $1.56 or 3.8 percent, to $40.02.

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