Transportation Infrastructure

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  • SYDNEY, Nov 10- The battle for Australian stevedoring and rail giant Asciano Ltd escalated on Tuesday after ports firm Qube Holdings Ltd made a $6.3 billion offer that narrowly beats a rival bid and is expected to draw less concern from antitrust regulators. Qube, led by Chris Corrigan who ran Asciano's port unit for 16 years, made an informal cash and scrip offer...

  • LOS ANGELES, Nov 7- Nighttime flights into and out of Los Angeles International Airport will avoid passing over the Pacific Ocean just to the west of the airport for the coming week because the U.S. military has activated airspace there, officials said. But the FAA has indicated that military airspace over that patch of ocean was activated beginning on Friday...

  • WASHINGTON, Nov 5- The U.S. House of Representatives on Thursday voted to pass a multi-year transportation funding bill that also renews the Export-Import Bank's charter, but final provisions of the measure will be subject to negotiations with the Senate. The bill authorizes federal spending on road, bridge and rail transit infrastructure projects for six...

  • Iron ore prices will likely rebound: Investor Monday, 2 Nov 2015 | 12:23 AM ET
    Iron ore prices will likely rebound: Investor

    Jonathan Barratt, CIO at Ayers Alliance Securities, discusses the outlook for the key steel-making ingredient as China's economy expands.

  • Islamic State risk for Libya's troubled oil sector Wednesday, 28 Oct 2015 | 3:00 AM ET

    TRIPOLI, Oct 28- When Islamic State militants attacked a perimeter gate guarding Libya's Es Sider oil terminal this month, they sent gunmen to kill guards before attempting to detonate a car bomb in a bid to breach the port's defenses. The assault failed to get closer than a mile from one of Libya's major oil ports, but it signaled Islamic State's intent to expand...

  • House passes bill extending train safety deadline Tuesday, 27 Oct 2015 | 2:21 PM ET
    House passes bill extending train safety deadline

    The House of Representatives has passed a transportation bill which gives the railroad industry relief, reports CNBC's Hampton Pearson.

  • WASHINGTON, Oct 27- The U.S. House of Representatives on Tuesday approved a bill to keep federal funds flowing to road and bridge construction projects into late November, while also extending a key rail safety deadline to the end of 2018.. The newly approved measure now heads to the Senate. Some have demanded that Congress act by the end of October.

  • Indonesian tech leaders court Silicon Valley Monday, 26 Oct 2015 | 6:35 PM ET
    Indonesian tech leaders court Silicon Valley

    Silicon Valley is not aware how attractive Indonesia's tech environment is, says Naveen Menon, partner and Asia Pacific head of communications in media and technology practice at A.T. Kearney.

  • 'Indonesia is undeniably behind the curve' Thursday, 22 Oct 2015 | 9:42 PM ET
    'Indonesia is undeniably behind the curve'

    Tom Lembong, Indonesia's trade minister, says the country needs to work on policy coherence and consistency to remain trade-competitive.

  • Made in China? Think railways Thursday, 22 Oct 2015 | 6:52 PM ET
    Made in China? Think railways

    Chinese rail companies that have built more than 10,000 miles of track lines domestically now want to expand into infrastructure developments overseas. CNBC's Eunice Yoon has more.

  • Indonesia PM talks of reforms ahead of US visit Thursday, 22 Oct 2015 | 2:10 AM ET

    Ahead of his maiden U.S. trip, Indonesia's President Jokowi says that while his first year has been rocky, he's still forging ahead with reform plans.

  • Will a new UK power station fill the energy gap? Tuesday, 20 Oct 2015 | 3:30 AM ET
    Will a new UK power station fill the energy gap?

    Paul Dorfman, senior research assiocate at the Energy Institute in University College London, criticises the plans for a new U.K. nuclear power station because it could be too expensive and take too long to build.

  • Who should build Europe's energy stations? Tuesday, 20 Oct 2015 | 2:40 AM ET
    Who should build Europe's energy stations?

    Neil Dwane, chief investment officer for equities for Europe at Allianz Global Investors, suggests pension funds and the insurance industry should be used to finance infrastructure projects, rather than China.

  • Hate potholes? Blame this group of drivers… Monday, 19 Oct 2015 | 4:38 PM ET

    One key group of Americans is creating unsafe conditions on America's roads, according to a new report.

  • SYDNEY, Oct 15- Australia's competition regulator said a proposed A $8.9 billion takeover by Canada's Brookfield Asset Management of local port and rail freight firm Asciano Ltd may hurt competition for other coal haulage operators. The statement suggests that, while Brookfield and Asciano may be required to make changes to the deal or give regulatory...

  • Tesoro's big bet on oil infrastructure Wednesday, 14 Oct 2015 | 7:23 AM ET
    Tesoro's big bet on oil infrastructure

    Despite low oil prices, Tesoro and partner Savage, a privately held logistics company, have been very busy building out their crude-by-rail infrastructure, reports CNBC's Morgan Brennan live at the Port of Vancouver.

  • Oct 13- Indiana Governor Mike Pence on Tuesday announced a $1 billion, partly bond-funded, four-year plan to fix roads and bridges. Pence said he will ask the legislature to approve $150 million a year in additional funding for roads and bridges in fiscal 2018, 2019 and 2020, while tapping $241 million from Indiana's $2 billion budget reserve projected at the...

  • TORONTO, Oct 9- A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada's Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent railway at the heart of the disaster. Forty-seven people were killed on July 6, 2013, when a Montreal, Maine& Atlantic railway train carrying Bakken oil...

  • The world's most controversial border walls Friday, 9 Oct 2015 | 10:00 AM ET
    West Berliners crowd in front of the Berlin Wall early 11 November 1989 as they watch East German border guards demolishing a section of the wall in order to open a new crossing point between East and West Berlin, near the Potsdamer Square.

    Building walls has long been the process for keeping others out. Do they really work as instruments of border control in the 21st century?

  • HK vs Singapore: Which is Asia's most liveable city? Thursday, 8 Oct 2015 | 10:18 PM ET

    Both cities boast enviable transport systems and low crime rates, but expensive real estate. So given the choice, which would you choose as home?