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Transportation: Leisure

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  • 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.

  • 1 dead after crash involving Walt Disney World bus Monday, 15 Dec 2014 | 8:31 AM ET

    LAKE BUENA VISTA, Fla.— Florida state troopers say one person is dead after a crash involving two cars and a bus near a Walt Disney World resort. Kim Montes of the Florida Highway Patrol says a car ran a red light early Monday and drove into the path of a Disney bus carrying about 20 passengers. She was identified as a woman from nearby Windermere.

  • French taxis protest Uber  Monday, 15 Dec 2014 | 6:46 AM ET

    After France's interior ministry announced Uber's amateur car service UberPOP will be banned in the country in 2015, Parisian taxi drivers are protesting Uber in France, reports CNBC's Michelle Caruso-Cabrera.

  • People finding their 'waze' to once-hidden streets Sunday, 14 Dec 2014 | 9:49 AM ET

    LOS ANGELES— When the people whose houses hug the narrow warren of streets paralleling the busiest urban freeway in America began to see bumper-to-bumper traffic crawling by their homes a year or so ago, they were baffled. You can't even walk your dog, "said Paula Hamilton, who lives on a once quiet little street in the Santa Monica Mountains in a neighborhood...

  • LODZ, Poland, Dec 14- The European Union has given Poland more than 100 million euros to build at least three "ghost" airports in places where there are not enough passengers to keep them in business. Poland is not the only country in Europe to have built airports that struggle to attract flights. Poland received 615.7 million euros in EU support for airports between...

  • PARIS, Dec 12- Uber will continue to operate its UberPop transport service in France for now after a Paris commercial court rejected on Friday a request by competitors to ban the service. Three car companies and several taxi associations had sued the French subsidiary of the San Francisco- based company over what it deemed unfair competition, saying among other...

  • WASHINGTON/ OTTAWA, Dec 11- Top transportation officials from Canada and the United States are due to meet next week to hash out differences about safety regulations for trains that carry oil, sources familiar with the planned meeting said on Thursday. That crash involved old-style DOT-111 tanker cars that Canada wants taken off the tracks by May 2017.

  • UPS & FDX take off  Thursday, 11 Dec 2014 | 12:58 PM ET

    CNBC's Morgan Brennan takes a look at how low oil prices and strong consumer spending is boosting profits for the big shippers.

  • Sky's the limit for airlines  Wednesday, 10 Dec 2014 | 12:48 PM ET

    Jamie Baker, JPMorgan airline analyst, discusses the year-to-date performance of the airlines and provides his outlook for the sector. Fast Money trader Josh Brown provides insight.

  • Lufthansa Technik, the maintenance division of the German airline which also specialises in fitting cabins on big VIP and executive jets, has come up with a gadget for those who want to keep their bird of prey by their side when travelling. Falconry is a popular pastime in the Middle East, where it has been practised for thousands of years, and Lufthansa Technik...

  • Look but can't touch: 007's new Aston Martin Saturday, 6 Dec 2014 | 3:19 PM ET
    An Aston Martin DB10 is shown at Pinewood Studios, Dec. 4, 2014, in Iver Heath, England.

    Director Sam Mendes worked with engineers and designers from Aston Martin to create a vehicle specifically for the new film.

  • Hiring spree for air traffic controllers  Friday, 5 Dec 2014 | 3:39 PM ET

    CNBC's Mary Thompson spoke with two people studying air traffic control at Dowling College in Shirley, New York. The FAA is looking to hire 10,000 air traffic controllers in the next decade.

  • Uber's $41b valuation ridiculous or realistic?  Friday, 5 Dec 2014 | 3:30 PM ET

    Digging into Uber's whopping $41 billion valuation, with Mark Hake, Hake Capital Management, and Andrew Romans, Rubicon Venture Capital.

  • Uber valuation worth two Alcoas  Friday, 5 Dec 2014 | 3:00 PM ET

    CNBC's Dominic Chu puts Uber's valuation into perspective.