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Transportation: Leisure

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  • SAN JUAN, Oct 30- Puerto Rico will begin overhauling its tax system and financially shoring up its highways and transportation authority in coming months, commonwealth officials said on Thursday, as the commonwealth fights to gain budget stability. Under the reforms, which were designed in consultation with KPMG at a cost of $4.7 million, Puerto Rico would...

  • MADRID, Oct 30- The Spanish government has decided to postpone its plans to privatise airport operator Aena with a $10 billion public share offer, a source with knowledge of the matter said on Thursday. The sale of a 49 percent stake in the world's biggest airports operator had promised to be the largest initial public offering in Europe this year.

  • *Q3 adjusted profit $0.12/ shr vs est $0.09/ shr. Q3 revenue up 21 pct to $4.91 bln vs est $4.81 bln. Oct 30- Bombardier Inc, a Canadian plane and train maker, on Thursday reported better-than-expected third-quarter earnings as aircraft deliveries shot up nearly 60 percent.

  • Oct 30- Canadian plane and train maker Bombardier Inc reported a better-than-expected profit in the third quarter as the number of aircraft it delivered shot up nearly 60 percent. After hiking the estimated cost of the program by $1 billion to $4.4 billion in February, test flights were halted in May after an engine failed during tests. Revenue from the...

  • Roster of largest TIGER grants Thursday, 30 Oct 2014 | 3:22 AM ET

    The Transportation Department doled out $584 million in September for 72 so-called TIGER grants for transportation projects. —$25 million to help fund a replacement bridge spanning Democratic-held districts in Maine and New Hampshire. —$24 million for the Mountain Parkway in an eastern Kentucky district represented by House Appropriations Committee...

  • Democratic areas win more transportation grants Thursday, 30 Oct 2014 | 3:15 AM ET

    Just 33 percent of the Transportation Investment Generating Economic Recovery grants were awarded to GOP- held districts. Republicans claim GOP- represented areas have been shortchanged every year since the TIGER grants were established in 2009 as a small part of President Barack Obama's $840 billion stimulus package to help bring the U.S. economy out of a...

  • OTTAWA, Oct 29- Canada has issued an emergency order to railways detailing how many handbrakes they must set on unattended trains to prevent deadly runaways, and will hire new staff to conduct an "audit blitz" of rail companies' safety systems. The announcement on Wednesday came in response to the Canadian Transportation Safety Board's final report in August on...

  • Cape Girardeau again looks for airport tenant Wednesday, 29 Oct 2014 | 10:20 AM ET

    CAPE GIRARDEAU, Mo.— Cape Girardeau is looking for an airport tenant for the second time in the past decade, after a private manufacturing company again went bankrupt. The 52,500- square-foot building at Cape Girardeau Regional Airport has sat vacant since Commander Premier Aircraft Corporation was evicted in 2011, unable to pay its rent.

  • Transports chug to new highs     Wednesday, 29 Oct 2014 | 6:54 AM ET

    Jason Seidl, Cowen & Company, provides perspective on what's driving transports higher as oil prices slide lower.

  • LIMA, Oct 28- Hundreds of indigenous community members took control of a small Amazonian airport inside Peru's biggest oil block, tribal leaders said on Tuesday, part of a dispute with Argentine energy firm Pluspetrol and the government over pollution and use of local resources. The airport, in the district of Andoas in Peru's northern region of Loreto, was...

  • NEW YORK, Oct 28- The U.S. Department of Transportation said on Tuesday it is looking into a complaint that Delta Airlines Inc used "unfair and deceptive practices" to block development of a second major airport near Atlanta. The agency's action comes in response to a complaint filed by county commissioners and a private group trying to develop commercial air...

  • LIMA, Oct 28- Indigenous protesters took control of a small airport in the Peruvian Amazon near the country's biggest oil block, tribal leaders said on Tuesday, part of a dispute with Argentine energy firm Pluspetrol and the government over pollution and use of local resources. The airport, in the district of Andoas in Peru's northern region of Loreto, was...

  • DETROIT, Oct 28- AutoNation Inc, the largest U.S. auto retail group, has stopped selling cars equipped with Takata Corp air bags involved in a massive global recall involving more than 16 million vehicles, Chief Executive Mike Jackson said on Tuesday. While AutoNation is the largest U.S. automotive dealer group, it currently has fewer than 400 used cars equipped...

  • P.A.M. Transportation posts 3Q profit Tuesday, 28 Oct 2014 | 1:24 PM ET

    TONTITOWN, Ark. _ P.A.M. Transportation Services Inc. on Tuesday reported profit of $5.1 million, or 63 cents per share, in its third quarter. The company, based in Tontitown, Arkansas, posted revenue of $107.1 million in the period. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Amazon to open facilities in Illinois, hire 1,000 Tuesday, 28 Oct 2014 | 8:06 AM ET

    CHICAGO— Amazon Inc. has chosen Illinois for future facilities expected to create 1,000 jobs by 2017.. He says Illinois has the workforce and the deal has been in the works for some time. Dick Durbin announced the $75 million project Tuesday, saying Illinois has the transportation infrastructure.

  • After a series of perceived failures at the National Highway Transportation Safety Administration, David Friedman, who has served this year as acting head of the agency, is not expected to be tapped by the Obama administration for the job, the source said. The agency has been sharply criticized for responding slowly to repeated red flags of a deadly ignition...

  • Lower oil equals cheap holiday flights? Nope. Saturday, 25 Oct 2014 | 5:00 PM ET

    Looking to fly this holiday season? Be ready for fuller flights and higher fares, in spite of toil and trouble everywhere.

  • State Farm seeks to test drones in Illinois Saturday, 25 Oct 2014 | 1:00 PM ET

    BLOOMINGTON, Ill.— State Farm insurance company is seeking federal approval to test drones in evaluating property damage and responding to natural disasters. One would allow it to operate unmanned aircraft at a private State Farm test site in central Illinois. The testing, according to State Farm, "will help the company learn how to capture images and to...

  • U.S. car safety regulators face review over safety lapses Saturday, 25 Oct 2014 | 11:41 AM ET

    WASHINGTON, Oct 25- The Transportation Department will conduct an internal review of U.S. auto safety regulators in response to a series of safety lapses, including this week's reports of defective airbags, a senior administration official said on Saturday. The news of the review emerged days after Toyota Motor Corp recalled 247,000 vehicles in the United...

  • Modern luggage: Bulletproof and zapping bedbugs Saturday, 25 Oct 2014 | 7:05 AM ET

    Here's a round-up of new suitcases and travel gear that offer the option to morph and fold, stop bullets, kill bedbugs and massage your feet.