Archive Transportation: Leisure

  • LIMA, Sept 15- A more than 3,000- mile-long railway proposed by China to bridge Atlantic and Pacific ports in South America would cost $60 billion, Peru said on Thursday, further dampening prospects of the project coming to fruition. Last year, China and Peru agreed to study the feasibility of the railway that would cross the Amazon and Andes to slash the cost of...

  • DETROIT— Truckers are warning that a government plan to electronically limit the speed of tractor-trailers will lead to highway traffic jams and possibly an increase in deadly run-ins with cars. Speeds could be limited to 60, 65 or 68 miles per hour when the rule is finalized after a comment period that ends Nov. 7. The National Highway Traffic Safety...

  • LJUBLJANA, Slovenia— Slovenian airline Adria Airways has banned the use of Samsung's latest mobile phone on its flights due to safety concerns. The airline says this is in line with recommendations issued by the European Aviation Safety Agency in the aftermath of reports of dozens of phones exploding due to a battery fault. Aviation authorities in the U.S.,...

  • Augustin Hagiu, a transport protest leader, and the Financial Supervisory Authority said they agreed to cap annual rates at 7,500 lei, a reduction of more than 40 percent from the previously planned hike. About 400 protesters had parked their vehicles outside the government offices in Bucharest's central Victory Square, snarling traffic in the city.

  • Of the 35 recommendations made by the National Transportation Safety Board in response to the incident involving US Airways Flight 1549, only six have been successfully completed, according to an Associated Press review of board records. The plane lost thrust in both engines after colliding with a flock of Canada geese shortly after takeoff from LaGuardia...

  • LOS ANGELES— Auto and tech companies are in a race to get self-driving cars to the public, but as with many cutting-edge technologies, there aren't enough trained engineers to meet the demand for talent. So the online higher education company Udacity created a "nanodegree" to train self-driving car engineers. Udacity is founded by Sebastian Thrun, whose previous...

  • BARRIE, Ontario _ Student Transportation Inc. on Wednesday reported fiscal fourth-quarter earnings of $6.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share. Student Transportation shares have climbed 48 percent since the beginning of the year.

  • DETROIT— Ford Motor Co. said Wednesday that a plan to embrace "mobility" and spend billions on electric and autonomous vehicles will hurt its bottom line in the short term but lead to frothier profit margins in the future. "We are making choices: Where to play, where not to play and how we're going to win," Ford CEO Mark Fields told investors and Wall Street analysts who...

  • PITTSBURGH— Uber riders in Pittsburgh can get a glimpse of the future by summoning a car capable of handling most of the tasks of driving on its own. "That pilot really pushes the ball forward for us," said Raffi Krikorian, Director of Uber Advanced Technologies Center in Pittsburgh, the company's main facility for testing self-driving vehicles.

  • PITTSBURGH, Sept 14- When Pittsburgh wakes up on Wednesday morning, some residents will have the choice of going about their day in an Uber that drives itself. The launch of Uber's self-driving pilot program marks the public unveiling of the company's secretive work in autonomous vehicles and the first time self-driving cars have been so freely available to...

  • SHANGHAI/ SINGAPORE, Sept 14- Three ships chartered to Hanjin Shipping Co Ltd have been sold and two more vessels are up for sale, ship brokers said on Wednesday, kicking off an asset sale sparked by the failure of the world's seventh largest container shipper. Around $14 billion of cargo has been tied up globally as ports, tugboat operators and cargo handling firms...

  • SHANGHAI/ SINGAPORE, Sept 14- Three ships chartered to Hanjin Shipping Co Ltd have been sold and two more of vessels are up for sale, ship brokers said on Wednesday, kicking off a fire sale sparked by the failure of the world's seventh largest container shipper. Around $14 billion of cargo has been tied up globally as ports, tugboat operators and cargo handling firms...

  • SHANGHAI, Sept 14- China stocks fell in thin trading on Wednesday ahead of a long holiday weekend, with the market capping the shortened trading week with its worst performance in several months. "Trading is typically light ahead of holidays," Chang Chengwei, analyst at brokerage Hengtai Futures said, noting that the mid-Autumn Festival on Thursday and Friday...

  • SHANGHAI/ SINGAPORE, Sept 14- Three ships chartered to Hanjin Shipping Co Ltd have been sold, the first of dozens of vessels expected to be hawked following the failure of the world's seventh largest container shipper. The largest, the 180,000 deadweight tonne capesize Hanjin Matsuyama, was bought by Singapore- based Winning Shipping for $22.75 million,...

  • SEOUL/ SYDNEY, Sept 13- The chairman of Hanjin Group transferred 40 billion won to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper's vessels, a spokesman said, but regulators warned securing further funds could take "considerable time". The parent of Hanjin Shipping pledged last week to raise 100 billion won to help rescue cargo in...

  • Sept 13- The bankruptcy of Korea's Hanjin Shipping Co Ltd is causing ripple effects for importers bringing goods from Asian factories to U.S. malls by creating a shortage of trailers to move ocean-shipping containers on U.S. roads. Terminal operators in the California ports of Long Beach and Oakland are not taking back empty containers. "If it's not fixed in the...

  • SEOUL/ SYDNEY, Sept 13- The chairman of Hanjin Group transferred 40 billion won to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper's vessels, a spokesman said, but regulators warned securing further funds could take "considerable time." The parent of Hanjin Shipping pledged last week to raise 100 billion won to help rescue cargo in...

  • BRASILIA, Sept 13- Brazil's new government on Tuesday launched a sweeping plan to auction off licenses to operate oil and gas, electricity and infrastructure projects in an attempt to boost investment and pull the economy out of the deepest recession in eight decades. The government will sell operating licenses by March for airports in the cities of Porto...

  • LIMA, Sept 13- Peru President Pedro Pablo Kuczynski said a transcontinental railway proposed by China to slash the costs of shipping Brazilian goods to Asia could be too expensive and environmentally harmful to build. Peru and China agreed to study the feasibility of a 5,300- kilometer railroad to link Brazil's Atlantic coast with a port on Peru's Pacific...

  • SEOUL/ SYDNEY, Sept 13- The chairman of Hanjin Group transferred 40 billion won to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper's vessels, a spokesman said, but regulators warned securing further funds could take "considerable time". The parent of Hanjin Shipping pledged last week to raise 100 billion won to help rescue cargo in...