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CNBC Franchise Archive Transportation: Leisure

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  • UPDATE 1-Bombardier profit dips, delays new jet Thursday, 30 Jul 2015 | 6:47 AM ET

    July 30- Canadian plane and train maker Bombardier Inc posted a 19.4 percent drop in quarterly profit, hurt by weaker sales at its transportation and commercial aircraft unit. The company's net income fell to $125 million, or 6 cents per share, in the quarter ended June 30, from $155 million, or 8 cents per share, a year earlier. Bombardier's shares closed at C $1.95 on...

  • US official: Debris in photo belongs to Boeing 777 Wednesday, 29 Jul 2015 | 5:44 PM ET

    WASHINGTON— Air safety investigators have a "high degree of confidence" that aircraft debris found in the Indian Ocean is of a wing component unique to the Boeing 777, the same model as the Malaysia Airlines plane that disappeared last year, a U.S. official said Wednesday. A French official close to an investigation of the debris confirmed Wednesday that French...

  • Drones at your service Wednesday, 29 Jul 2015 | 7:54 AM ET
    Drones at your service

    Robert Wolf, 32 Advisors CEO, discusses the soaring use of commercial drones.

  • Average US vehicle age hits record 11.5 years Wednesday, 29 Jul 2015 | 7:00 AM ET

    DETROIT— In the age of Apple's CarPlay, a lot of cars on the road still have tape decks. The average vehicle in the U.S. is now a record 11.5 years old, according to consulting firm IHS Automotive, a sign of the increased reliability of today's vehicles and the lingering impact of the sharp drop in new car sales during the recession. Cars and trucks now have the same...

  • Dubai airport traffic rises 16.7 pct y/y in June Wednesday, 29 Jul 2015 | 4:39 AM ET

    DUBAI, July 29- Dubai International Airport recorded a 16.7 percent year-on-year jump in passenger traffic in June, reflecting runway maintenance during the summer of 2014, the operator of the world's busiest airport by international traffic said on Wednesday. Growth was powered by traditional markets in the Indian subcontinent and Gulf countries, as well...

  • House, Senate move toward passage of transportation patch Wednesday, 29 Jul 2015 | 3:05 AM ET

    In one of their last decisions before adjourning for a month, the House backed a bill that would extend spending authority for transportation programs through Oct. 29, and replenish the federal Highway Trust Fund with $8 billion. The Senate plans to take up the House bill before a midnight Friday deadline, when authority for the Transportation Department to...

  • What's in the 6-year Senate transportation bill Tuesday, 28 Jul 2015 | 3:55 PM ET

    WASHINGTON— The Senate is moving toward the likely passage this week of a sweeping, six-year transportation bill, but the House is putting off consideration of the measure until this fall. Industry officials said the $350 billion Senate bill isn't ideal— not as much money as they would like and only three of the six years paid for— but they are desperate for at least...

  • GRAPEVINE, Texas— A man blamed for a security breach at Dallas-Fort Worth International Airport allegedly slipped onto a jet to try to stop his girlfriend from leaving. A DFW airport police report released Tuesday says Damarias Cockerham of Garland faces a criminal trespass charge. Police say Cockerham ran onto American Airlines Flight 1013, boarding for...

  • NEW YORK— Many of the curb cuts designed to help disabled people access Manhattan sidewalks are disintegrating, obstructed or nonexistent, according to a report. "But for the roughly 600,000 New Yorkers who rely on wheelchairs or walkers or have vision impairments, the dilapidated conditions of Manhattan's curb cuts... are a serious concern."

  • DETROIT— The National Wildlife Federation accused the U.S. Transportation Department on Tuesday of not enforcing a federal law that requires pipeline owners and operators to establish safety response plans for worst-case oil spills in lakes, rivers and other waterways. While the pipelines that spurred the group's action are two side-by-side conduits...

  • New York Gov. Cuomo announces new LaGuardia Airport Tuesday, 28 Jul 2015 | 10:29 AM ET

    NEW YORK— A year after comparing New York's LaGuardia Airport to "some Third World Country," Vice President Joe Biden helped unveil an ambitious plan Monday to rebuild its collection of aging terminals into a modern, unified hub while easing congestion by doubling the space available for planes to operate. "I wish everything I said that was truthful but...

  • Swift Transportation meets 2Q profit forecasts Monday, 27 Jul 2015 | 4:07 PM ET

    PHOENIX _ Swift Transportation Co. on Monday reported second-quarter profit of $51 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of 37 cents per share. Swift Transportation shares have declined 25 percent since the beginning of the year.

  • NEWARK, N.J.— Don't count Chris Christie out. Cory Booker, who said he believes New Jersey's Republican governor is the "most underestimated" presidential candidate in the crowded 2016 GOP field. "I think he's one of the more talented political people that are out there today," said Booker, speaking at a lunch event held by the news organization Politico in Newark.

  • July 27- Wabtec Corp said it plans to buy France- based Faiveley Transport S.A. for a deal valued at $1.8 billion, including debt. Wabtec, which makes components for the transportation industry, said it has made an offer to the owners of about 51 percent of Faiveley's shares for a purchase price of 100 euros per share. The company said on Monday it expects the deal to add...

  • Tracking China's appetite for IPOs Monday, 27 Jul 2015 | 12:45 AM ET
    Tracking China's appetite for IPOs

    While institutional investors may still be keen on large initial public offerings, retail investors in China prefer unique and smaller listings, says Jackson Wong, associate director at United Simsen Securities.

  • CONCORD, N.H.— When Tyler Richardson's son hit puberty, the combination of hormones and new strength from a growth spurt added an element of danger to a long history of unpredictable behavior because of autism and severe anger problems. He wandered outside one day after his aides left his grandmother's home, where he was living. After a long, nationwide search and...

  • Correction: Airport-Animal House Friday, 24 Jul 2015 | 5:08 PM ET

    NEW YORK— In a story July 20 about an animal terminal that is under construction at New York's Kennedy Airport, The Associated Press, based on information from a project spokesman, reported erroneously that the facility will include a veterinary clinic run by Cornell University. Instead, Cornell veterinarians serve as expert consultants and would be...

  • WHITE SULPHUR SPRINGS, W.Va.— As Congress considers a long-awaited transportation funding bill, some Republican governors as well as Democrats say they aren't waiting to raise or borrow money to fix or build roads, bridges and highways. GOP governors in Georgia, Iowa, South Dakota and Utah are among those who have approved road tax increases.

  • WASHINGTON, July 24- U.S. authorities are investigating possible price gouging by four U.S. airlines while train service was disabled between New York and Washington after a deadly Amtrak crash in Philadelphia in May, the Transportation Department said on Friday. Transportation Secretary Anthony Foxx said the investigation involved Delta Air Lines Inc,...

  • Fiat Chrysler recalls 1.4M vehicles to prevent hacking Friday, 24 Jul 2015 | 11:23 AM ET

    DETROIT— Fiat Chrysler has decided to recall about 1.4 million cars and trucks in the U.S. just days after two hackers revealed that they took control of a Jeep Cherokee SUV over the Internet. The National Highway Traffic Safety Administration said it would find out which other automakers use the same radios. "I think it's a pretty big deal," said James Carder, chief...