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Archive Transportation: Leisure

  • NEW YORK _ Fortress Transportation and Infrastructure Investors LLC on Thursday reported a loss of $1.8 million in its fourth quarter. On a per-share basis, the New York- based company said it had a loss of 2 cents. For the year, the company reported that its loss widened to $20.1 million, or 26 cents per share.

  • SAN FRANCISCO— A self-driving car company founded by Google is colliding with ride-haling service Uber in a court battle revolving around allegations of betrayal, high-tech espionage and greed. The brewing showdown emerged late Thursday in a lawsuit filed in a San Francisco federal court by Waymo, a once-secretive self-driving company hatched by Google...

  • CHICAGO, Feb 23- A glut of idled river barges is clogging Mississippi River shorelines from St. Louis to New Orleans, leaving U.S. barge companies that haul grain, coal and other bulk goods counting their losses. Barge lease rates paid to companies like Archer Daniels Midland Co's American River Transportation Company, privately held Ingram Barge and a handful of...

  • The $29.7 billion operating budget proposal for the financial year that begins July 1 would leave gaps the Democratic governor hopes to fill, with as yet unidentified revenue sources. Edwards and lawmakers want to rewrite Louisiana's tax laws in the legislative session that begins in April. Most of the increase would come from a $1.7 billion boost in federal...

  • WARWICK, R.I.— Low-cost carrier Norwegian Air Shuttle is promising to boost traffic at smaller airports on both sides of the Atlantic Ocean when it starts service to Europe this summer from Rhode Island, Connecticut and New York. Norwegian Air announced Thursday that it's opening new flight crew bases and plans to hire pilots and flight attendants at Rhode...

  • FRANKFURT/ LONDON, Feb 23- Brussels Airport is being prepared for a potential sale as one of its owners is planning an exit from Belgium's main hub, according to several people close to the matter. Brussels is Europe's 26th largest airport, located in Zaventum just outside the city which houses the main European Union and NATO headquarters. Brussels airport is the...

  • WASHINGTON— With states seizing the initiative on shaping the future of self-driving cars, General Motors is trying to persuade lawmakers across the country to approve rules that would benefit the automaker while potentially keeping its competitors off the road. GM began by getting a bill passed last year on its home turf, in Michigan. This year, bills similar...

  • DALLAS _ Energy Transfer Partners L.P. on Wednesday reported a loss of $458 million in its fourth quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Three analysts surveyed by Zacks expected $5.71 billion.

  • The incident Monday at New York's Kennedy Airport is being investigated by the Transportation Security Administration, the agency that was created to protect the nation's airports after the 2001 attacks. "Mistakes happen, but they're supposed to be there to protect our lives," said Kylie Welsh, who returned to Boston from a trip to Pittsburgh on Wednesday.

  • SHAWNEE MISSION, Kan. _ Seaboard Corp. on Tuesday reported fourth-quarter earnings of $103 million. On a per-share basis, the Shawnee Mission, Kansas- based company said it had net income of $87.83. For the year, the company reported profit of $312 million, or $266.50 per share.

  • Sales at its logistics business, under which the company offers services such as warehousing and distribution, rose 8.6 percent to $1.38 billion in the fourth quarter ended Dec. 31. The company sold its truckload shipping business, acquired as part of its $3 billion Con-way deal, to Canadian trucking company TransForce Inc for $558 million in October.

  • DRIVERS LOGGED ALL-TIME RECORD HIGH 3.22 TRILLION MILES IN 2016, UP 2.8 PERCENT OVER 2015- U.S.

  • SYDNEY, Feb 21- Australia will weigh long-term geopolitical considerations when it vets proposals by foreigners to buy critical infrastructure assets such as power grids and ports, the government said on Tuesday. Last month, the Australia announced the creation of a new critical infrastructure centre to oversee sensitive assets. Australia last year...

  • SYDNEY, Feb 21- Australia will weigh long-term geopolitical considerations when it vets proposals by foreigners to buy critical infrastructure assets such as power grids and ports, the government said on Tuesday. Last month, the Australia announced the creation of a new critical infrastructure centre to oversee sensitive assets. Australia last year...

  • SYDNEY, Feb 21- Australia will weigh long-term geopolitical considerations when it vets proposals by foreigners to buy critical infrastructure assets such as power grids and ports, the government said on Tuesday. Last month, the Australia announced the creation of a new critical infrastructure center to oversee sensitive assets. Australia last year...

  • SYDNEY, Feb 21- Australia will weigh long-term geopolitical considerations when it vets proposals by foreigners to buy critical infrastructure assets such as power grids and ports, the government said on Tuesday. Last month, the Australia announced the creation of a new critical infrastructure center to oversee sensitive assets. Australia last year...

  • LANTANA, Fla.— President Donald Trump wants small businesses to thrive, but his frequent Mar-a-Lago visits have flight schools and other companies at a nearby airport in a financial nosedive. The Secret Service closed Lantana Airport on Friday for the third straight weekend because of the president's return to his Palm Beach resort, meaning its maintenance...

  • SAO PAULO, Feb 16- Brazilian planemaker Embraer SA on Thursday tapped Michael Amalfitano to lead its struggling business jet division, turning for the second time in a year to a leasing industry veteran for a senior leadership post. Amalfitano, who ran aircraft leasing for Stonebriar Commercial Finance and Banc of America Leasing, will replace Marco Tulio...

  • Montreal- headquartered Bombardier reaffirmed its 2017 forecasts, including for low-single-digit revenue growth. In a note to clients, Citi analyst Stephen Trent suggested "a tug of war between strong guidance and the EPS miss could ensue." Bombardier reported adjusted fourth-quarter earnings before interest and taxes of $104 million, excluding special...

  • BERLIN— A union representing ground staff has called on its members to go on strike at Berlin's two airports, leading to the cancelation of some 210 flights. The ver.di union said the strikes were taking place Thursday between 4 p.m. and 10 p.m. at the German capital's Tegel and Schoenefeld airports. The airport said both incoming and outgoing flights were...