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.» Read More
After days of growing public fury over last month’s high-speed train crash and the government’s reaction, Chinese authorities have enacted a virtual news blackout on the disaster except for positive stories or information officially released by the government. The NYT reports.
Which cities are the most dangerous to drive in? Click to see the 15 cities that ranked the worst for fatalities per 100,000 population.
Sharply divergent climate change policies on opposite sides of the Atlantic are setting off political fireworks as European environmental regulators prepare to extend their reach across the ocean. Starting Jan. 1, the European Union will require all carriers entering or leaving its airports to either reduce their emissions or pay a charge — whether the airline is United, Air France or Lufthansa.
While inconsistent and bumpy, the U.S. economy is slowly showing signs of improvement, Ryder System CEO Gregory Swienton told CNBC Wednesday.
In the last year and a half, many rail experts in China have warned that the country’s rush to build the world’s longest and fastest high speed rail network in record time was a recipe for disaster. The FT reports.
The Fast Money traders weigh in on shipping companies, automakers and copper, and analysis on energy earnings, with Fadel Gheit, Oppenheimer & Co.
On Friday, Congress failed to approve the extension of a bill to keep the Federal Aviation Administration running. This mean the agency can no longer impose the various federal taxes that airlines add to the price of each ticket. Instead of passing this savings on to consumers, many airlines are keeping rates the same and pocketing the difference, the New York Times reports.
A deadly train accident in eastern China has added to a national sense of unease that safety may have been sacrificed in the country’s rush to modernize. The NYT reports.
Union Pacific expects to ship more coal, farm commodities and other products in the second half of the year, at higher prices if the economy allows, CEO Jim Young said Thursday.
The economic bellwether is trading higher after reporting a record Q2 earnings. Insight on what this indicates for the overall economy, with Jim Young, Union Pacific chairman/CEO.
Insight on AMR's largest order in history, with Jason Gursky, Citi defense analyst and CNBC's Phil LeBeau.
This is about transforming our fleet so we'll have the youngest fleet in the industry. Discussing the airline's Q2 results and its historic aircraft order, with Thomas Horton, AMR Corp. & American Airlines president.
Major airlines are out to report this week. A look ahead of the results, with Helane Becker, Dahlman Rose and CNBC's Phil LeBeau.
CNBC.com has compiled a list of the countries with world's fastest trains based on the highest speeds that trains have reached. Here's the list!
The worst job market since the Great Depression has stunned millions of Americans. Unemployment is having a huge impact on the individual, family and community.
Every day India’s cities hum with the sound of hundreds of motorcycles precariously weaving their way through traffic. For most riders the two-wheeler is the cheaper and more flexible alternative to a car but for a growing band of more affluent Indians owning a customised superbike has become the ultimate symbol of the country’s new-found wealth. The FT reports.
Southwest Airlines is known for its low-priced fares and unmatched profitability in the industry—38 profitable years in a row, according to the company. Part of the profitability comes from Southwest’s ability to get airplanes in and out of the gate faster than its competitors.
CNBC's Jane Wells reports that JetBlue is offering $4 plane tickets to avoid Carmageddon, but Stephanie Howard found out too late.
Insight on what automakers are allowing drivers to use without being distracted, with Brian Cooley, CNET.com.
If you live in Los Angeles, you know that this weekend the 405 freeway will be completely shut down—completely—between the 10 and the 101 freeways. They're calling it "Carmageddon," and it is the end of the world as we know it. This is a town where freeways are more important than world peace.