Business Transportation

  • SINGAPORE, Jan 20- A surge in piracy to the west of the Philippines is forcing shipowners to divert vessels through other waters, stoking their costs and extending the time it takes to transport goods such as Australian iron ore to key Asian destinations. The International Maritime Bureau's piracy reporting centre in Kuala Lumpur has also warned of the rising...

  • BEIJING, Jan 20- China's rail freight volume in December rose 9.8 percent from the same period last year to 315.79 million tonnes, the National Bureau of Statistics said on Friday. China's November rail freight volume rose 13.9 percent from a year earlier. Rail freight volume grew in August for the first time after falling for 31 consecutive months since...

  • Computers are a key contributor to the U.S.-China trade deficit.

    North Asia will be hit the hardest when U.S. president-elect Trump follows through on his promises on trade, said Goldman Sachs.

  • JAKARTA, Jan 19- Indonesia's anti-corruption agency said on Thursday it was treating the former chief executive of airline PT Garuda Indonesia Tbk as a suspect in a bribery case. Indonesia's Corruption Eradication Commission said in a statement the CEO of Garuda from 2005 to 2014 was suspected of taking bribes related to the purchase of planes and machines...

  • JAKARTA, Jan 19- Indonesia's anti-corruption agency said on Thursday it was treating the former chief executive of airline PT Garuda Indonesia Tbk as a suspect in a bribery case. Indonesia's Corruption Eradication Commission said in a statement the CEO of Garuda from 2005 to 2014 was suspected of taking bribes related to the purchase of planes and machines...

  • WASHINGTON, Jan 19- U.S. auto safety regulators said on Thursday they found no evidence of defects in a Tesla Motors Inc car involved in the death of a man whose Model S collided with a truck while he was using its Autopilot system. Tesla Chief Executive Elon Musk, on his Twitter account, praised the decision by the National Highway Traffic Safety Administration,...

  • Hunter Harrison.

    The outgoing CEO of Canadian Pacific Railway is teaming up with former Pershing Square partner Paul Hilal to look at CSX, The Wall Street Journal said.

  • WASHINGTON, Jan 19- U.S. regulators has found no evidence of any defects in Tesla electric cars after investigating the death of a man whose Model S collided with a truck while he was using its Autopilot system, the first fatality involving semi-autonomous driving software. The U.S. National Highway Traffic Safety Administration said on Thursday it will not...

  • WASHINGTON, Jan 19- U.S. regulators said on Thursday they found no evidence of any defects in Tesla electric cars after investigating the death of a man whose Model S collided with a truck while he was using its Autopilot system, the first fatality involving semi-autonomous driving software. The U.S. National Highway Traffic Safety Administration said in a...

  • WASHINGTON— Tesla Motors Inc. won't face a recall or fine as a result of a fatal crash involving its Autopilot system, but U.S. safety regulators are warning auto manufacturers and drivers not to treat semiautonomous cars as if they were fully self-driving. The National Highway Traffic Safety Administration said Thursday it found that the system had no safety...

  • WASHINGTON, Jan 19- U.S. regulators are expected on Thursday to close a six-month-old investigation into the death of a man whose Tesla collided with a truck while he was using its semi-autonomous driving system and not seek a vehicle recall, according to a source briefed on the matter. Tesla's Autopilot, introduced in October 2015, has been the focus of intense...

  • WASHINGTON, Jan 19- The U.S. National Highway Traffic Safety Administration on Thursday is expected to close a six-month-old investigation into the death of a Tesla Motors Inc car driver using its semi-autonomous driving system Autopilot without seeking a recall, according to a source briefed on the matter. Tesla in September unveiled improvements to its...

  • PARIS, Jan 19- Europe's largest construction and concessions group Vinci will submit a bid for the construction of the new Mumbai airport in the coming weeks, its chairman and chief executive told Reuters on Thursday. "We are associated with Tata for the new Mumbai airport. The Navi Mumbai airport is a new greenfield project, aiming to ease congestion at the...

  • OMAHA, Neb.— Union Pacific's fourth-quarter profit grew 2 percent as the railroad cut costs to offset a 3 percent decline in shipments. Union Pacific Chairman and CEO Lance Fritz said higher energy prices, favorable agricultural markets and improving consumer confidence all suggest railroad shipping volumes will grow this year. Edward Jones analyst Dan...

  • Syarif said Satar received the bribes via another suspect who has a Singapore- based company with businesses in Indonesia but who was not identified. The British engineering giant apologized for the scandal that involved paying millions of dollars in bribes to secure orders in six countries including Indonesia, Malaysia, Russia and China.

  • BREGA, Libya, Jan 19- Guards and officials at major ports in Libya's eastern Oil Crescent say they are hoping foreign workers will soon return as they struggle to build on output gains with meagre resources. The lifting of a long blockade at the ports helped Libya's oil output to more than double to over 600,000 barrels per day. Recent and future gains threaten to...

  • LONDON, Jan 19- British Airways said that all its passengers would be flown to their destinations during a 72- hour pay strike by some cabin crew which began on Thursday. BA, owned by International Airlines Group, said a small number of its short-haul flights from Heathrow would be merged resulting in one percent of its total schedule being canceled over the three...

  • HONOLULU— Hawaii has the most aggressive renewable energy targets in the nation, aiming for its utilities to get 100 percent of their electricity from renewable sources by 2045.. But Hawaii officials aren't planning to make everyone get rid of their fuel-powered cars— at least not yet. "We can say we want 100 percent clean transportation technology, but the...

  • BANGKOK, Jan 19- Thai Airways International said on Thursday it will launch an internal corruption investigation after being named in a bribery case relating to British company Rolls-Royce Plc. Rolls-Royce agreed to pay more than $800 million in fines to resolve charges of bribing officials in six countries, including Thailand, in schemes that lasted more...

  • Malaysia Airlines Flight 370 vanished from radar on March 8, 2014, while flying from Kuala Lumpur to Beijing with 239 passengers and crew on board. "If the exact same thing happened today, I think we'd have the same result," said William Waldock, a professor at Embry-Riddle Aeronautical University in Prescott, Arizona, and former accident investigator.

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