Archive Transportation: Leisure

  • WASHINGTON— Obama administration officials previewed long-awaited guidance Monday that attempts to bring self-driving cars to the nation's roadways safely— without creating so many roadblocks that the technology can't make it to market quickly. Traditional automakers and tech companies have been testing self-driving prototypes on public roads for...

  • To hear either candidate talk, a staggering amount of money is going to be spent on infrastructure— if Congress goes along. Democrat Hillary Clinton has proposed spending $250 billion over the next five years on infrastructure. Clinton also proposes to direct $25 billion over five years to a new national infrastructure bank, which she said could support about...

  • DETROIT— Within five years, a majority of ride-hailing company Lyft's rides will be in self-driving cars, the company's co-founder and president predicted on Sunday. John Zimmer also said that personal car ownership will come to an end because autonomous rides will become a cheaper way to travel than owning an automobile. San Francisco- based Lyft is testing...

  • Kayak CEO Steve Hafner says new technologies are starting to change how travelers plan and book their trips, he explains to CNBC's "On the Money."

  • ATLANTA— Lines formed at gas stations across the South on Saturday and drivers who were able to find fuel had to pay more for it in some cases, as prices edged up following a pipeline spill in Alabama. Fuel supplies in at least five states— Alabama, Georgia, Tennessee and the Carolinas— were threatened by the spill, and the U.S. Department of Transportation ordered the...

  • NEW YORK, Sept 16- Motorists logged 287.5 billion miles on U.S. roads in July, the most ever for the month and a 2 percent increase over last year, according to data released Friday by the U.S. Department of Transportation. Driving activity is closely watched since the United States accounts for about 10 percent of global gasoline demand. Gasoline demand in June was...

  • DETROIT, Sept 15- Self-driving cars and electric vehicles could provide important sources of new revenue for Adient, the $17- billion automotive seating and interiors business that is being spun out of Johnson Controls Inc, Adient's top executive said on Thursday. Adient will be the world's largest supplier of seats and interiors when it begins trading Oct. 31...

  • SAN FRANCISCO, Sept 15- China- based internet company Baidu has received a permit to test its self-driving cars in California from the state's Department of Motor Vehicles, as the race to introduce driverless automobiles accelerates. California is seen as a crucial testing ground for autonomous vehicles due to technological innovations being developed in...

  • 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...

  • 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...

  • 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...

  • 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...

  • 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...