MOSCOW— The driver of the snowplow that apparently caused the plane carrying the Total CEO to crash at a Moscow airport says he neither saw nor heard the private jet as it sped toward him down the runway in the dark. The aircraft clipped the snowplow on takeoff late Monday and crashed, bursting into flames and killing Total SA Chief Executive Christophe de...» Read More
Donald Broughton, Avondale Partners senior research analyst, breaks down the freight flows in the railway sector to find the best plays in the space.
CNBC's Phil LeBeau reports on the rough week for airliners as massive flight cancellations as Ebola takes it's toll on the industry.
HAVANA, Oct 3- Dinners at fancy restaurants, week-long family vacations and a flat-screen TV: the bribes that Cuba accused Canadian businessman Cy Tokmakjian of giving Cuban officials were modest by corruption standards in many developing nations. His company, the privately held Concord, Ontario- based Tokmakjian Group, says prosecutors failed to prove any of...
*Financing fraud at Qingdao port delaying expected nickel deficit. *China exports more than 50,000 T nickel in June-Aug. SYDNEY, Oct 3- A commodity fraud at China's Qingdao port has hit bank financing of metal deals, sparking a surprise jump in nickel exports and pushing back expectations of a global supply shortage of the metal used mainly in stainless steel.
CANADIAN PACIFIC RAILWAY LTD HAS OFFERED TO BUY, LEASE OR OPERATE TWO SMALL SWITCHING RAILROADS IN CHICAGO AREA- CEO.
NEW YORK, Oct 2- U.S. stock index futures were little changed on Thursday, following a sharp drop in the previous session as investors looked to upcoming economic data for trading incentives. *Small-cap stocks are considered a leading sector of the market, and some market participants are concerned the weakness could spread throughout Wall Street.
SINGAPORE, Oct 2- Gold added to small gains from the day before on Thursday, buoyed by risk-averse sentiment as weak global manufacturing data in the United States unnerved equity markets. *Stock markets worldwide closed out the first day of the fourth quarter on a weak note on Wednesday, weighed by disappointing manufacturing data from Europe and the United...
The European Aviation Safety Agency said Airbus, the planemaking unit of Airbus Group, had proved the jet's airworthiness in more than 60,000 hours of certification work including 250 hours spent with safety inspectors in the air.
FRANKFURT/ NEW YORK- Officials from Pimco and its German parent Allianz scramble to contain the fallout from star bond manager Bill Gross' stunning exit last week, and money continues to leave the firm, giving a huge boost to rival bond houses like DoubleLine, which saw record inflows. Canada's Encana to buy Athlon Energy for $5.93 bln.
Uber said it would start its UberTaxi service-- which uses regular taxi drivers to pick up rides in their down time-- in Berlin and Hamburg before rolling it out in other cities.
Ridesharing services Uber, Lyft and Sidecar are facing legal threats from Los Angeles and San Francisco. CNBC's Kate Rogers explains how the services may be violating California business law.
NBC's Kevin Tibbles reports the latest on a Chicago fire that knocked out an air traffic control facility causing travel headaches in the Midwest.
LONDON, Sept 26- Higher oil prices have had a traumatic effect on U.S. airlines, forcing carriers to re-examine every aspect of the way they do business in a bid to control costs.
CHICAGO, Sept 25- With a record U.S. harvest just coming in, the river transportation system that is at the heart of the nation's farm economy is overstrained by rising demand for shipping capacity, a low barge inventory, and a dilapidated lock system.
The six companies are Astraeus Aerial, Aerial MOB LLC, HeliVideo Productions LLC, Pictorvision Inc, RC Pro Productions Consulting LLC dba Vortex Aerial, and Snaproll Media, LLC. The FAA said it has asked for additional information from Flying-Cam Inc, a seventh aerial video company that filed for exemptions with this group in June.
CNBC's Dominic Chu explains why railroad stocks have been steady all year and discusses if even bigger gains are ahead.
Up until today, transportation stocks had been showing signs of strength. CNBC's Dominic Chu reports the road and rail group is still one of the best performing in the S&P this month, and provides insight to trucking and transport company Ryder System.
Montclair, N.J., Sept 24- The New York City suburb of Montclair, New Jersey, may be picturesque, but its roads are a mess. Just paving them would cost $9 million, not including curbs and other features, Montclair Mayor Robert Jackson told state lawmakers on Wednesday.
Wolfgang Bernhard, head of Daimler trucks and buses at Daimler, outlines his vision of transportation vehicles in the future and discusses Mercedes' driverless truck.
Wolfgang Bernhard, head of Daimler trucks and buses at Daimler AG, says the European market is "very weak" but there is a "ray of hope" in North America.