OMAHA, Neb.— Harsh winter weather slowed CSX railroad and contributed to a 14 percent drop in first-quarter profit, even as freight volume grew modestly. On Tuesday, the railroad based in Jacksonville, Fla., reported net income of $398 million, or 40 cents per share, in the quarter ending March 31. That's down from $462 million, or 45 cents per share, a year ago.» Read More
Wireless Internet access in the sky is taking off, promising better connections for travelers and a bonanza for companies that sell the systems.
CNBC's Phil LeBeau provides insight on one of the biggest stories facing the auto industry right now.
RED BLUFF, Calif.— Federal transportation authorities are investigating ways to minimize death and injuries in bus crashes following the fiery wreck that left 10 dead when a FedEx truck slammed into a tour bus carrying high school students in Northern California.
Dubai International, which handled 66.4 million passengers in 2013, making it the world's second busiest airport for international passenger traffic after London's Heathrow, will cut flights by 26 percent for an 80- day period, Dubai's airports authority said on Sunday.
ABU DHABI, April 13- State-owned Abu Dhabi Ports Co expects a surge in shipping traffic towards the end of this year as work on major infrastructure projects in the United Arab Emirates capital gathers pace, the company's chief executive said.
The National Transportation Safety Board, which investigates transportation accidents, recommended in February 1999 that federal regulators issue new standards for large buses, also known as motorcoaches, so that after an accident passengers can easily open windows and emergency exits.
General Motors is announcing it's widening the Q1 charge it will take to repair its recalled vehicles, reports CNBC's Phil LeBeau. The company will also be adding an ignition lock to all of the recalled vehicles.
*Libya oil guards take control of Hariga port, Zueitina pending. NEW YORK, April 10- Global crude oil prices slipped on Thursday on both sides of the Atlantic, pressured by weaker economic data from China as well as the prospect of a rebound in oil exports from Libya.
The U.S. Department of Transportation reported Thursday that only 70.7 percent of domestic flights arrived within 14 minutes of schedule— that's the leeway allowed while still being counted as on-time.
WASHINGTON, April 10- U.S. lawmakers investigating General Motors' slow recall of 2.6 million cars are zeroing in on engineers and others who may have been aware of problems with ignition switches linked to at least 13 deaths.
ALBUQUERQUE, N.M.— Federal investigators spent Thursday scouring the rooftop of New Mexico's only top-level trauma center in search of clues as they tried to determine what caused a medical helicopter to crash while taking off from the roof.
MANILA, Philippines— American aviation authorities cleared Philippine airlines to increase flights to the United States after safety standards improved and the European Union opened its skies to the Southeast Asian country's main budget carrier.
CNBC's Phil LeBeau reports the large number of recalls from automotive companies has to do with the commonality of parts used around the world.
SAN FRANCISCO— In a story April 8 about illnesses aboard a Princess cruise ship sailing to ports in California, The Associated Press reported erroneously the final destination of the cruise. The cruise ends in Los Angeles, not Santa Barbara.
Morgan Stanley downgraded General Motors citing the U.S. auto cycle is peaking. CNBC's Phil LeBeau provides insight.
CNBC's Phil LeBeau reports Volkswagen has issued a "stop sale" order on certain models of Passats, Jettas, Beetles, and Beetle convertibles, due to a potential fire hazard.
The Solar Impulse 2, unveiled to the world Wednesday at Switzerland's Payerne Air Force Base, is a bigger and better version of the single-seater prototype that first took flight five years ago. The original plane demonstrated that a solar-powered plane can fly through the night, hop from Europe to Africa and cross the width of the United States.
NEW YORK— Once again, it was the Federal Reserve to the rescue for the stock market. Facebook rose the most in the S&P 500, jumping 7.3 percent, followed closely by biotech company Vertex Pharmaceuticals, up 7 percent.
SAN FRANCISCO— Officials say more than three dozen people are possibly ill with the highly contagious Norovirus while onboard a cruise ship sailing to ports in California. Princess Cruises spokeswoman Karen Candy says about 37 passengers on the Crown Princess reported being sick while the ship was in San Francisco on Monday.
JEFFERSON CITY, Mo.— Missouri voters would be asked to approve a 1- cent sales tax to fund roads, bridges and other modes of transportation under a measure endorsed Tuesday by the state House. Supporters said the measure is essential for Missouri to maintain its current infrastructure and to finance new road construction.