Infrastructure Transportation Infrastructure

  • MARSEILLE, France, June 18- France's hardline CGT union ended on Friday a strike that had paralysed traffic for 26 days at the Fos Lavera oil terminals on the Mediterranean, the country's biggest oil hub, a management official at port operator Fluxel said. "Unloading resumed at the port at 9 p.m. on Friday," the official told Reuters. More than 50 oil tankers and other...

  • Pt 2 MTR Corp Outlook

    Different modes of transportation can be complementary and not necessarily competitors, notes MTR's Lincoln Leong.

  • Pt 1 MTR Corp Outlook

    MTR Corp CEO Lincoln Leong explains the importance of having a fair fare structure in order to upgrade and maintain Hong Kong's rail network.

  • SAN FRANCISCO, June 13- The California Public Employees' Retirement System recently bought a stake in a private Indiana toll road with a troubled history, one sign of how popular infrastructure investments have become among U.S. pension funds. Infrastructure- such as roads, bridges, rail, airports, water storage, utilities, and pipelines- has long been favored by...

  • SAN FRANCISCO, June 13- The California Public Employees' Retirement System recently bought a stake in a private Indiana toll road with a troubled history, one sign of how popular infrastructure investments have become among U.S. pension funds. The Indiana Toll Road had been acquired out of bankruptcy in 2015 for about 50 percent more than its original 2006 price...

  • BUENOS AIRES, June 9- Airport workers in Argentina will begin a 48- hour strike on Friday amid a salary dispute with the government, in a move that may halt air traffic in the South American country. Along with other public employees, the airport workers are part of difficult pay discussions with the pro-business government of President Mauricio Macri, who has...

  • Cashing in on the canal

    CNBC's Mary Thompson reports from Panama on the new lane opening on the Panama Canal for even larger container ships to pass through.

  • AMERICAN IS WORKING TO AUTOMATE THE DISTRIBUTION OF BINS FOR CARRY-ON BAGS AT MAJOR AIRPORT CHECKPOINTS- CEO.

  • AMERICAN AIRLINES CEO SAYS EFFORTS TO HELP U.S.

  • NEW YORK, June 9- Airlines' efforts to help the U.S. government manage long airport security lines are not sustainable, the chief executive of American Airlines Group Inc said in an interview. American, Delta Air Lines Inc and United Continental Holdings Inc have each added $4 million to what they typically spend on workers who stock bins at checkpoints and take...

  • SAO JOAO DA BARRA, Brazil, June 8- The launch this week of Prumo Logistica's $3.7 billion Port of Açu, the largest in Latin America, marked the revival of a Brazilian logistics hub many thought doomed when the empire of its former billionaire owner collapsed. The Manhattan- sized industrial complex northeast of Rio de Janeiro, which officially opened on Tuesday,...

  • June 7- A U.S. government watchdog is satisfied with new steps that the Transportation Security Administration is taking to improve screening at airports after major lapses last year, according to testimony on Tuesday before a U.S. Senate committee. "As a result of our audit reports... TSA is now, for the first time in memory, critically assessing its deficiencies in...

  • HOMELAND SECURITY DEPT IS GENERALLY SATISFIED WITH TSA'S RECENT WORK TO STOP AIRPORT SCREENING LAPSES- INSPECTOR GENERAL.

  • CHONGQING, China, June 7- Infiniti, the luxury division of Japanese carmaker Nissan, is considering rolling out highway self-driving capabilities for most new models, its president said on Tuesday, potentially overtaking German rivals in a race to offer autonomous driving. Executives for Chinese and global automakers speaking at final day of the Global...

  • FRANKFURT, June 6- Shanghai Yiqian Trading Company is to buy Hahn airport in Germany to secure a base for food exports as well as passengers heading to and from Asia, a deal highlighting China's increasing appetite for overseas infrastructure assets. The planned purchase of an 82.5 percent stake in Hahn from federal state owners for a low double-digit million...

  • FRANKFURT, June 6- Shanghai Yiqian Trading Company is to buy a majority stake in Germany's Hahn airport, one of its owners said on Monday, providing more evidence of China's interest in the international aviation industry and also in buying up German businesses. Last month, China- based home appliance maker Midea Group offered to buy Kuka, valuing the German...

  • *China plans economic superhighway spreading across Asia, beyond. *China pushing ahead with work in China for Southeast Asia link. But Beijing's negotiations have soured there as well, in part over financing, adding to a growing headache for China and highlighting the sort of problems Beijing may face as it develops its economic highways beyond Southeast Asia...

  • NEW YORK, June 3- As travelers face long waits for U.S. airport security checks, Delta Air Lines Inc wants to expand limited access lanes to allow its top fliers- and anyone who pays a fee- to jump to the front of the line. Houston's two main airports plan to drop the program next year. At the airports, CLEAR employees verify customers' identities and escort them to the U.S....

  • MOSCOW, May 31- Moscow's new international airport is set to open next month with only a handful of airlines and faces a struggle to win passengers from rivals after Russia's economic crisis. The Zhukovsky airport terminal was inaugurated by Prime Minister Dmitry Medvedev on Monday, part of a 10 billion rouble project to redevelop a cargo airfield and Cold War...

  • SOFIA, May 30- Chinese companies are considering investments in luxury property developments, an airport and a metals mine in Bulgaria that could amount to more than 2 billion euros in total, an advisor to the projects said on Monday. To attract Chinese capital, Bulgaria needs to structure projects worth over 100 million euros that can be launched within a year,...