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
President Obama's first appearance after the State of the Union address is in Tampa, Fla. on Thursday where he is expected to announce $8 billion worth of grants for high speed rail projects in the United States. More than a dozen projects will receive funds, spanning 31 states, but the biggest winners look to be Florida, Illinois and California.
More than half of the nearly 2,800 dealers General Motors and Chrysler Group want to close are appealing those decisions, the group handling the appeals said Tuesday.
Ford plans to add 1,200 jobs when it begins making the Explorer sport-utility vehicle in Chicago, according to Crains Chicago Business.
Transport stocks have been down in the last two days, but the Dow Jones Transport Index is up almost 19 percent over the last year. How much more room is there for these stocks to grow? Lee Klaskow, senior transportation and logistics analyst at Longbow Research, says it is time to start buying on the dips.
JetBlue said Wednesday it will decide within six months if its headquarters will stay in New York or land in a new city.
President Barack Obama's choice to lead the Transportation Security Administration withdrew his name Wednesday, a blow to an administration trying to explain how a man could attempt to blow up a commercial airliner on Christmas Day.
FedEx says it will raise prices at its freight and national trucking unit by 5.9 percent on Feb. 1.
The US auto industry is on the fast-track to recovery and will sell one million more vehicles this year than in 2009, Autonation CEO Mike Jackson told CNBC.
As the Detroit Auto Show kicks off, automobile executives shared their perspectives on the economy, vehicle demand and the industry's future.
As I walk around the Detroit Auto Show, the gloom and doom of last year has lifted. Replaced with cautious optimism. All is not well in Motown, but there are reasons to be optimistic.
A weaker-than expected jobs report spooked investors however it failed to send stocks tumbling. Instead money rotated into tech. Should you scoop up tech, too?
An airline passenger who yelled "I want to kill all the Jews" on a Detroit-bound plane was arrested on disorderly conduct and other charges, but authorities said Thursday the incident didn't appear terrorism-related.
General Motors new chief financial officer will be a candidate for the CEO job, and GM expects to bring back hundreds of dealers who lost their franchises, the interim CEO said Wednesday.
S&P regains half of bear market losses. It may not be exciting, but the S&P 500 has gained 1.9 percent in the first two trading days of the year. More importantly, we have retraced 50 percent of the losses in the bear market that occurred from the all-time high for the S&P 500 (1,576 on Oct 11, 2007) to the market low (666 on March 6, 2009). The 50 percent retracement was 1,116.
Jetstar, the budget airline owned by Australia's Qantas Airways, and Malaysia's AirAsia will form a non-equity alliance to cut costs, a sign that even budget airlines were feeling the burden of the aviation industry downturn.
Ford Motor's December sales leaped an adjusted 23.3 percent, far outpacing industry forecasts for the U.S. automaker, while sales at General Motors declined 12.8 percent, slightly worse than expected.
US auto sales are expected to have hit a 30-year low of about 10 million when figures are released today. But partly because of loosening credit.
Airline passengers bound for the United States faced a hodgepodge of security measures across Europe on Monday, and airports did not appear to be following a U.S. request for increased screening of passengers from 14 countries.
The government is providing a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as it struggles with hefty losses in its home mortgage unit.
Markets rose on Tuesday after reports showed consumer confidence improved and home prices stabilized. Can stocks continue upward in 2010? Jerry Castellini, president and CIO of CastleArk Management, shared his market outlook.