Archive Transportation: Leisure

  • Aug 18- Ride service Uber Technologies Inc said on Thursday it acquired self-driving trucks startup Otto and formed a $300 million alliance with Volvo Car Group to develop self-driving cars. Uber would also be positioned to expand into the trucking industry, which had revenue of about $726.4 billion in the United States in 2015, according to trade data.

  • Aug 18- Ride service Uber Technologies Inc said on Thursday it has acquired the self-driving trucks startup Otto, and it also announced that Volvo Car Group has agreed to a $300 million alliance to develop self-driving cars. Anthony Levandowski, one of Otto's co-founders, will lead Uber's self-driving efforts in San Francisco, Palo Alto and Pittsburgh, Uber...

  • SAN FRANCISCO— The option to hail a ride in a self-driving car, which was science fiction just a few years ago, will soon be available to Uber users in Pittsburgh, the first time the technology has been offered to the general public. Uber, which has a self-driving research lab in Pittsburgh, has no immediate plans to deploy autonomous cars in other cities.

  • THE HAGUE, Netherlands— Dutch authorities say beefed-up security measures at Amsterdam's Schiphol Airport are being scaled back following investigation of an unspecified threat. The country's National Coordinator of Counterterrorism and Security says in a statement that some of the extra measures, which included military police checking cars...

  • HONG KONG, Aug 18- The Hong Kong Shipowners Association on Thursday called on the city's authorities to provide assistance to the crew of a Hong Kong- flagged coal ship off the east coast of Australia that is running out of food and fuel. "The Hong Kong Shipowners Association, while recognising that Hong Kong has not yet had ratification of the Maritime Labour...

  • Artist’s impression of the multipropeller CityAirbus vehicle

    Aerospace giant Airbus is designing a flying driverless taxi that you can summon via an app on your smartphone.

  • WASHINGTON, Aug 17- A U.S. airline trade group said on Wednesday it expects American air travel to rise 4 percent over the Labor Day holiday to 15.6 million passengers. Airlines for America, the industry trade group, said it expects over the seven-day period starting Aug. 31 that airlines will offer 2.54 million seats a day, up 98,000 over the same period last year.

  • WASHINGTON, Aug 16- Two U.S. senators on Tuesday sent letters to 13 major airlines expressing concerns that their information technology systems are vulnerable to outages that can strand thousands of passengers similar to recent flight cancellations. Senators Richard Blumenthal and Edward Markey sent letters after Southwest Airlines Co and Delta Air...

  • WASHINGTON, Aug 16- Two U.S. senators on Tuesday sent letters to 13 major airlines expressing concerns that their information technology systems are vulnerable to outages that can strand thousands of passengers similar to recent flight cancellations. Senators Richard Blumenthal and Edward Markey sent letters after Southwest Airlines Co and Delta Air...

  • Tesla shares were added to other portfolios during the second quarter, including those of hedge funds Alyeska Investment Group, which took a new 100,000 share position, and Blue Ridge Capital, which took a new 191,237 share position. Gilder Gagnon Howe& Co of New York boosted its stake in Tesla by 24 percent to 808,661 shares. Solar panel installer SolarCity this...

  • SHANGHAI/ SAN FRANCISCO, Aug 15- Tesla removed a Chinese term for "self-driving" from its China website after a driver in Beijing who crashed in "autopilot" mode complained that the car maker overplayed the function's capability and misled buyers. The Tesla driver crashed earlier this month while on a Beijing commuter highway after the car failed to avoid a...

  • SHANGHAI/ SAN FRANCISCO, Aug 15- Tesla removed the word "autopilot" and a Chinese term for "self-driving" from its China website after a driver in Beijing who crashed in "autopilot" mode complained that the car maker overplayed the function's capability and misled buyers. It was the first known such crash in China, though it follows a fatal accident in Florida earlier...

  • Aug 12- Airlines will likely suffer more disruptions like the one that grounded about 2,000 Delta flights this week because major carriers have not invested enough to overhaul reservations systems based on technology dating to the 1960 s, airline industry and technology experts told Reuters. Scott Nason, former chief information officer at American...

  • Aug 12- Airlines will likely suffer more disruptions like the one that grounded about 2,000 Delta flights this week because major carriers have not invested enough to overhaul reservations systems based on technology dating to the 1960 s, airline industry and technology experts told Reuters. Scott Nason, former chief information officer at American...

  • Aug 12- Airlines will likely suffer more disruptions like the one that grounded about 2,000 Delta flights this week because major carriers have not invested enough to overhaul reservations systems based on technology dating to the 1960 s, airline industry and technology experts told Reuters. Scott Nason, former chief information officer at American...

  • Gibson shares were up about 8.7 percent at C $17.41 in Toronto. The Calgary- based company, which had a market value of C $2.27 billion as of Wednesday's close, said it would proceed with a plan to divest its industrial propane business, and that it was not seeking offers to sell itself. Canada's Financial Post reported on Wednesday that Gibson rejected a C $2.8...

  • Cruise Travel

    CLIA CEO Cindy D'Aoust talks to CNBC about the growing demand for cruise travel, particularly in Asia.

  • BUENOS AIRES, Aug 10- Argentine billionaire Eduardo Eurnekian is eyeing a $1 billion listing in New York of the network of domestic airports his company controls before the end of the year, he told Reuters. Eurnekian is the 83- year-old founder and president of Corporacion America, a holding company for businesses ranging from infrastructure to technology, and...

  • Amazon drone

    Over the last few years, Amazon has left a trail of clues that suggests it is radically altering how it delivers goods. NYT reports.

  • Tesla first made an offer for SolarCity, which is backed by Tesla founder Elon Musk, on June 21 as part of Musk's ambitious plans for a carbon-free energy and transportation company. Net loss attributable to shareholders more than doubled to $55.5 million, or 56 cents per share, from $22.4 million, or 23 cents per share, as expenses jumped 51 percent.