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Transportation: Leisure

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  • SPOKANE, Wash.— Federal investigators say a leaking oil train that hauled crude oil from North Dakota to Washington in January had tank cars with faulty valves, which also are installed on thousands of tank cars nationwide. The Federal Railroad Administration investigated the 100- car BNSF train because it had to have 14 cars with slow leaks removed after...

  • MONTREAL, May 1- A United Nations civil aviation-led panel on Friday called for improved, fire-resistant packaging to ship lithium batteries, which pilots and plane makers say pose a fire risk. The International Civil Aviation Organization's dangerous goods panel agreed this week to set up a group of experts to develop safer packaging for the transport of...

  • WASHINGTON— International aviation officials are trying to quickly come up with safer packaging for cargo shipments of lithium-ion batteries on passenger planes after U.S. testing confirmed that aircraft fire suppression systems can't prevent overheated batteries from causing powerful explosions and fires. The hazardous cargo committee of the...

  • New rules for rails   Friday, 1 May 2015 | 1:25 PM ET
    New rules for rails

    The federal government made a tough ruling on rail cars hauling crude and other flammable substances, reports CNBC's Morgan Brennan.

  • US, Canada unveil rules to boost oil train safety Friday, 1 May 2015 | 10:30 AM ET

    The regulations are a long-awaited response to a series of fiery train crashes in the U.S. and Canada, including four so far this year. The most serious accident occurred in July 2013, when a runaway oil train derailed in Lac-Megantic, Quebec, just across the border from Maine, killing 47 people and destroying most of the town's central business district.

  • BNSF poised to turn around 'crummy' year: Exec Friday, 1 May 2015 | 8:54 AM ET
    BNSF railway locomotive

    Railway BNSF has put the investment in place to make up for a rough service year, Executive Chairman Matthew Rose tells CNBC.

  • Private jet business bumpy in China: NetJets CEO Friday, 1 May 2015 | 7:39 AM ET
    A Netjets Inc. sign stands hear a new Embraer Phenom 300 jet at Eppley Airfield in Omaha, Nebraska.

    NetJets is seeing strength in the U.S., and even in Europe, but an austerity campaign is creating challenges in China, Jordan Hansell tells CNBC.

  • NEW YORK, April 30- An oil train safety plan for the United States and Canada to be announced on Friday will include an unexpected mandate on the rail industry to adopt an advanced braking system, industry sources familiar with the rules said. However, the Transportation Department has concluded that ECP braking would deliver meaningful safety improvements.

  • Is the market leadership changing?   Thursday, 30 Apr 2015 | 5:00 PM ET
    Is the market leadership changing?

    Are transport stocks and biotechs giving up their market leadership? Andrew Burkly of Oppenheimer and Rich Ross of Evercore ISI discuss with Brian Sullivan.

  • "The new LaGuardia should include a main entrance to the airport that serves as a great hall welcoming travelers to a great new experience at the airport," said Patrick Foye, executive director of the Port Authority of New York and New Jersey, which runs the region's airports. Foye discussed the panel's recommendations— sent in a letter to the Port Authority...

  • WASHINGTON, April 30- The leading voice for the refining sector on Thursday said it was not realistic for U.S. regulators to expect existing oil train tankers to be retired within five years, and sought a meeting with the National Transportation Safety Board. "The emphasis on tank car modifications through an overly aggressive and infeasible retrofit schedule...

  • Uber's impact on car trends   Wednesday, 29 Apr 2015 | 11:24 AM ET
    Uber's impact on car trends

    Discussing the economic impact of Uber, Bill Gurley, Benchmark Capital general partner.

  • The Marshall Islands- flagged MV Maersk Tigris was taken Wednesday to Bandar Abbas, the main port for Iran's navy, under escort by Iranian patrol boats, according to Maersk Line, the Danish shipping company that had chartered it. The incident comes at a critical time in Iran's relations with the United States and the West, as talks about its contested nuclear...

  • Dannel P. Malloy's proposed $100 billion, 30- year overhaul of Connecticut's transportation system. Ben Barnes, Malloy's budget director, offered those and other ideas for the Governor's Transportation Finance Panel to ponder over the coming months. In 2013, Oregon lawmakers passed the first legislation in the U.S. to create such a system, authorizing the...

  • Shuster hasn't considered recusal after dating lobbyist Tuesday, 28 Apr 2015 | 12:37 PM ET

    Bill Shuster of Pennsylvania said he's been "transparent" about the relationship begun last summer with Shelley Rubino, a vice president for global government affairs at Airlines for America, a trade association for major U.S. airlines. "It's a personal and private relationship, but I think I've gone above and beyond what the rules require, and what the law...

  • Seeking answers to getting recalled cars fixed quickly Tuesday, 28 Apr 2015 | 9:45 AM ET

    Mark Rosekind, head of the National Highway Traffic Safety Administration since December, wants to get that repair rate to 100 percent. General Motors, fined $35 million by NHTSA for moving too slowly to recall about 2.6 million small cars with faulty ignition switches, was praised for using new methods to reach owners. The defective switches caused numerous...

  • LONDON, April 28- Flying has become less energy intensive than driving, at least in the United States, according to the surprising findings of an analysis of energy consumption by the University of Michigan's Transportation Research Institute. Transporting one person a distance of one mile by aircraft consumed on average the energy equivalent to 2,465...

  • CHICAGO— Chicago's transit agency shares in the blame for an accident last year in which a driver fell asleep and crashed a commuter train into a platform and up an escalator at O'Hare airport, federal investigators concluded Tuesday. The National Transportation Safety Board announced its findings at a meeting in Washington, D.C., and made nationwide safety...

  • SHANGHAI, April 28- China Railway Construction Corp Ltd has signed two deals worth a combined $5.5 billion for construction projects in Africa, Xinhua reported late on Monday, as the country's railway firms increasingly flex their muscle overseas. CRCC's China Civil Engineering Construction Corporation unit will work on a $3.5 billion intercity railway...

  • Swift Transportation beats 1Q profit forecasts Monday, 27 Apr 2015 | 4:19 PM ET

    PHOENIX _ Swift Transportation Co. on Monday reported first-quarter earnings of $37.8 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. Swift Transportation shares have fallen 12 percent since the beginning of the year.