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...» Read More
Billionaire investor Kirk Kerkorian's Tracinda reports it has increased its ownership stake in Ford Motor Co. to 6.49 percent from 5.5 percent.
Package delivery company FedEx Wednesday forecast a weak fiscal 2009 after posting a quarterly loss it blamed on rising fuel prices, an ailing U.S. economy and a previously announced write-down.
The soaring demand for oil and steel in the developing world, particularly in China, is a huge plus for the world's ocean-shipping industry, according to executives of shipping companies Genco and Teekay.
High fuel prices and a lackluster economy aren't making life easy for FedEx, but that doesn't mean the shipping giant can't make money.
Ford Motor is assembling a plan to retool its North American truck plants to build cars in a bid to keep up with changing consumer demand in the United States, the Detroit News reported Wednesday.
Chrysler Chief Executive Robert Nardelli said Tuesday that the private equity buyers of auto maker Chrysler weren't second guessing their decision to buy Chrysler, and that the business was ahead of target.
The airline industry will lose $2.3 billion this year because of hikes in oil prices, the world airlines group said Monday, revising its earlier forecast of a collective industry profit.
What's the capitalist solution to our mass transit mess and how do you trade it?
Major automakers are expected to post steep declines in U.S. sales for May, as the spike in gasoline prices battered an industry already reeling from weak consumer confidence and tighter credit.
Billionaire investor Kirk Kerkorian will move ahead with his tender offer for Ford shares despite a recent slump in the No. 2 U.S. automaker's stock, pushing shares up as much as 3 percent.
General Motors said about 19,000 U.S. factory workers—just more than a quarter of its American blue-collar work force—had taken buyouts to leave the automaker.
AutoNation CEO Mike Jackson joined the CNBC 'Squawk Box' crew to discuss the effects higher gasoline prices are having on the automotive industry and consumers. Americans, he said, have finally reached the "tipping point" at four dollars a gallon.
Ford Motor plans to cut its U.S. salaried work force by up to 12 percent after its turnaround plan stalled because of the downturn in the U.S. economy, the Detroit News reported Wednesday.
Route cuts at American Airlines will start with discontinuing some long-haul service, including Chicago flights to Honolulu and Buenos Aires, the carrier said on Tuesday.
Emerging markets need petroleum to fuel their progress. But with crude surging to new highs how much longer can they withstand oil’s super-spike?
Ford Motor warned on Thursday that it no longer expects to meet a key target of returning to profitability in 2009 and would cut production through this year in response to a slumping U.S. auto market.
The golden age of the railroad is back, says Gary Kaminsky. The Neuberger Berman managing director says "the rail story" is a key to America's economy now -- and he told CNBC which rail stocks his firm holds.
U.S. Olympic fans looking to fly to Beijing for the summer games will find a limited choice of options originating from the US, but they'll find a spanking new airport terminal and light rail line.
United Auto Workers officials Sunday urged American Axle & Manufacturing Holdings workers to ratify a contract that would cut wages by almost 40 percent, shutter three plants and end a three-month-old strike with a subsidy of $218 million from General Motors.
FedEx's reduction of its profit outlook because of high fuel costs and weak demand is a bad omen for small US trucking companies.