WASHINGTON— A weaker global economy— and a slowdown in China— will likely dampen some of the growth in air travel over the next two decades. The International Air Transport Association says the number of airline passengers is expected to double to 7 billion by 2034. That figure marks a decrease from a prior forecast of passengers totaling 7.4 billion in 2034,...» Read More
CNBC's Phil LeBeau has the story on Ford and Zipcar's partnership. Ford will supply Focus models with the latest technology.
Hurricane Irene had long since passed, but a lot of people who were hoping to get on airplanes as airports in the Northeast reopened Monday were not going anywhere anytime soon, reports the New York Times.
There is no question that Hurricane Irene will have an impact on quarterly results, Dave Berger, president and CEO of JetBlue Airways, told CNBC Monday.
CNBC's Brian Shactman has the update on travelers waiting for flights after Hurricane Irene and the cost to airlines.
The eye of Irene made its way over the New York City Sunday, rolling directly over the borough of Queens, and though the storm unleashed intense rains and heavy winds on the city, it was downgraded to a tropical storm from a hurricane.
Hurricane Irene will take a very small bite out of a U.S. economy already struggling with debt and unemployment after businesses across the East Coast closed their doors ahead of the deadly storm.
Beaches along the Atlantic coast took a beating over the weekend from Hurricane Irene, which caused heavy damage to some popular seaside tourist towns while sparing others the worst of its powerful wind and waves.
The people of Mineral, Va., were starting to whether Mother Nature had it in for them.
Damage from Irene appears to be less than feared, a bit of reassuring news for a fragile economy.
From North Carolina to Pennsylvania, Hurricane Irene appeared to have fallen short of the doomsday predictions. But with rivers still rising, and roads impassable because of high water and fallen trees, it could be days before the full extent of the damage is known.
Hurricane Irene and the closure of at least 1,000 theater locations along the East Coast is expected to put a dent in this weekend's domestic box office.
With more than 50 million people potentially in Hurricane Irene's path, residents along the US east coast stocked up on food and water and worked to secure homes, vehicles and boats.
Qantas CEO Alan Joyce denies any merger talks and says domestic demand remains strong. But he adds that the strong Australian dollar and high fuel prices are hurting international business.
Beijing appears to be rethinking its singular focus on electric vehicles to reduce fuel consumption and improve air quality as it becomes increasingly clear that its targets for mass-producing electric vehicles in China are unrealistic. The FT reports.
With the markets in turmoil, the Fast traders had a handful of stocks on their radar Monday. Find out how they are trading H-P, Lowe's and FedEx.
Shares of the shipping company are down dramatically over the past six weeks but is the selling overdone? Insight with Tom Wadewitz, JP Morgan transportation analyst.
The Chinese rating agency best known for downgrading US sovereign debt last year, has come under fire domestically for giving the country’s embattled railway ministry a higher rating than the government. The FT reports.
With the military jealously guarding its control of the airspace, wealthy Chinese hobbyists fly clandestinely. The NYT reports.
Goldman Sachs lowered expectations for Ford and JPMorgan offered a dim outlook for AMR and other airline stocks this week.
Central Banks jump into the gold trade and stock up on reserves. Insight on whether individual investors should follow their lead and insight on whether the sell off in transports is a sign of things to come for the market and Pete Najarian takes a look at Apple hanging in tough in a weak tape.