Transportation: Leisure


  • Airlines cued up for Cuba: Former airline CEO Thursday, 18 Dec 2014 | 12:02 PM ET
    Robert Crandall

    If the Cuba embargo is lifted, former American Airlines CEO Bob Crandall sees frequent flights to the island by several carriers.

  • USPS plan to deliver Christmas  Thursday, 18 Dec 2014 | 10:40 AM ET

    The USPS is expecting to deliver up to 475 million packages this holiday season. CNBC's Morgan Brennan takes a look at how they plan to handle that volume.

  • Tee time with Rickie Fowler  Thursday, 18 Dec 2014 | 7:51 AM ET

    Pro golfer Rickie Fowler, and Kenny Dichter, Wheels Up founder & CEO, discusses golf and ride-sharing private jets.

  • Michigan to vote on 7 percent sales tax for roads Thursday, 18 Dec 2014 | 4:05 AM ET

    LANSING, Mich.— Michigan voters would be asked to approve a sales tax increase as part of a $1.6 billion deal struck Thursday by Gov. And $11.8 billion in annual school funding would jump by at least $300 million, the equivalent of $200 per student. Michigan spends less per driver on roads than any other state.

  • 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...

  • 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...

  • Fluctuating fuel impacts FedEx: Analyst  Wednesday, 17 Dec 2014 | 10:40 AM ET

    Stifel analyst David Ross, provides his outlook for shipping outfits FedEx, and how fuel is impacting the shipper's bottom line.

  • Inside FedEx earnings miss  Wednesday, 17 Dec 2014 | 9:21 AM ET

    Discussing the FedEx earnings miss and how low fuel prices impacted their quarter, with Arthur Hatfield, Raymond James.

  • 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...

  • 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...

  • 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.

  • 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,...

  • Inslee wants carbon tax to fund transportation Tuesday, 16 Dec 2014 | 11:35 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.

  • TORONTO, Dec 15- The parent of Canada's Porter Airlines is nearing the sale of a passenger terminal it operates at Toronto's Billy Bishop Airport, according to three sources familiar with the process. One of the sources familiar with the process said at least two separate bids are expected this week from pension fund manager Alberta Investment Management Corp...

  • CEO of Berlin's troubled new airport to step down Monday, 15 Dec 2014 | 8:40 AM ET

    BERLIN— The chief executive of Berlin's troubled new airport has announced that he will step down, ending a two-year stint in charge of the project days after officials said it will begin operating in the second half of 2017.. An airport statement said Monday that Hartmut Mehdorn offered to stay on until a successor is found, but will step down by June 30.