SAN JUAN, Puerto Rico— Officials in Puerto Rico have unveiled a $130 million renovated terminal at the island's main international airport. Officials have made $24 million worth of improvements at another terminal and are spending $75 million for remodeling a third terminal expected to reopen by late 2015.. Aerostar Airport Holdings, a Mexican company, took...» Read More
Discussing the Takata hearing over some of its air bags, with Clarence Ditlow, Center for Auto Safety, and CNBC's Phil LeBeau.
Clarence Ditlow, Center for Auto Safety, responds to the IIHS video series revealing the danger with some minivans.
A look at video of minivan crash tests by the Insurance Institute for Highway Safety, with CNBC's Phil LeBeau.
CNBC's Phil LeBeau provides insight to the Takata air bag hearing Thursday.
BOSTON— The general manager of the MBTA is defending the $2.7 billion contract given to the new operator of the commuter rail system, despite revelations that the company has been fined more than $800,000 in just four months. The Boston Herald reported this week that Keolis Commuter Services had been fined $434,000 for failing to meet on-time targets in all...
SEOUL, South Korea— A South Korean court sentenced the head of a ferry operator to 10 years in prison Thursday over an April ship sinking that killed more than 300 people, mostly teenage students. Kim Han- sik, president of Chonghaejin Marine Co. Ltd, also received a 2 million won fine for failing to stop the improper storage and overloaded cargo on the ship that...
Ahmad Maghfur Usman, Analyst for Regional Transport Research at RHB Research, says AirAsia's net profit improved sharply on-quarter and saw improvements in the performance of its associates.
Zinan Liu, Regional VP & MD of Asia and China at Royal Caribbean Cruise, says recent bad publicity are "exaggerated" and explains how the industry is resisting the potential impact.
NEW YORK/ SEATTLE, Nov 19- The chief executive of Norwegian Air Shuttle rejected arguments by U.S. airlines and unions that his efforts to build a low-cost, long-haul airline serving the United States would undermine U.S. wages and working standards. A round-trip flight from New York to London in December costs as little as $483 on Norwegian, compared with $835 on...
WASHINGTON, Nov 19- President Barack Obama on Tuesday nominated transportation expert Mark Rosekind to lead the top U.S. auto safety regulator, which has come under criticism this year for a perceived slow response to major scandals. Rosekind, if confirmed by the Senate, would come to the National Highway Traffic Safety Administration after spending the past...
DETROIT— President Obama is nominating a transportation safety and human fatigue expert to revive the troubled agency charged with keeping the nation's highways safe. Mark Rosekind, a member of the National Transportation Safety Board, still must be confirmed by the Senate before he can take over the National Highway Traffic Safety Administration.
Rosekind, if confirmed by the Senate, would come to the National Highway Traffic Safety Administration after spending the past four years as a member of the National Transportation Safety Board, the agency that investigates major transportation accidents.
Steve Cannon, Mercedes-Benz USA President & CEO, and CNBC's Phil LeBeau, introduce the 2016 Mercedes-Maybach S600 at the Los Angeles Auto Show.
DUBAI, Nov 19- Ford Motor Co's drive to make its sport utility vehicles and other models lighter to save fuel and boost performance will not be delayed by a recent drop in oil prices, Executive Chairman Bill Ford said on Wednesday. Ford is in the United Arab Emirates to celebrate the 50th anniversary of the iconic Mustang sports car, which was cut in six pieces and...
Discussing Uber's culture, Roger McNamee, Elevation Partners co-founder, says it's clear there is a pattern of communication that's come out of Uber that they believe anything goes.
Ahead of AirAsia's third quarter earnings due late Wednesday, Mohshin Aziz, Aviation Analyst at Maybank, says recent cheap fuel prices could lift the carrier's net profit by 15 percent.
WASHINGTON— House Republican leaders chose Paul Ryan on Tuesday to head the powerful House Ways and Means Committee for the next two years, giving him a high-profile platform if he decides to run for president in 2016 or beyond. Jason Chaffetz of Utah to head the House Oversight Committee and Rep. Mac Thornberry of Texas to head the Armed Services Committee.
Uber's Emil Michael was caught talking about hiring a team to smear members of the press who attacked the company. Jessica Lessin, The Information founder, shares her opinions on the issue.
Uber's senior vice president of business Emil Michael thought he was speaking off the record when he discussed hiring a team to smear members of the press who attacked the company. CNBC's Josh Lipton has the details.
WASHINGTON— The government has the power to hold drone operators accountable when they operate the remote-control aircraft recklessly, a federal safety board ruled Tuesday in a setback to small drone operators chafing under Federal Aviation Administration restrictions. The National Transportation safety Board, which hears appeals of Federal Aviation...