Business Transportation


  • July 29- Allegiant Air said its pilots represented by the Teamsters union ratified a new five-year contract, ending labor issues at the Las Vegas- based budget carrier at a time the U.S. airline industry is grappling with a shortage of pilots. Allegiant Air, owned by Allegiant Travel Co, had 625 full-time pilots at the end of 2015.. Allegiant Air had been in...

  • DETROIT, July 29- Consumers are more aware of self-driving cars, but slightly less interested in riding in them, according to two surveys conducted after a fatal crash of a Tesla equipped with self-driving technology. An online survey of more than 1,500 Americans in mid-July by AlixPartners found that overall consumer interest in self-driving dropped about...

  • FRANKFURT, July 29- Mercedes-Benz has withdrawn an advert in the United States which compared its new E-class with a futuristic self-driving concept car following allegations from local consumer groups that the marketing claims were misleading. Earlier this week, U.S.-based Consumer Reports urged the U.S. Federal Trade Commission to scrutinize Mercedes' "...

  • Analysts surveyed by Zacks Investment Research expected $14.6 billion in revenue. The package and delivery industry is a competitive field, with UPS doing battle with rivals such as FedEx and the U.S. Postal Service. The company says it doesn't plan to build its own delivery service and is just looking to work more closely with package-delivery services like...

  • PARIS— Air France has cancelled 10 percent of its long-distance flights Friday, during a period of high traffic due to summer vacations, because of a strike by cabin crew. The company also cancelled 25 percent of European flights to and from Paris Charles-de-Gaulle airport and 15 percent of domestic flights. Air France flights operated by other companies,...

  • Ford is considering closing plants across Europe in response to Britain's vote to leave the EU, as it forecast a $1bn hit to business, the FT reports.

  • WARREN, Mich. _ Universal Truckload Services Inc. on Thursday reported second-quarter profit of $9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • DALLAS— The pilots' union president said Thursday that American Airlines is reducing its safety margin by "manipulating" flight plans with tactics that include faster speeds. Dan Carey, who just started a three-year term as president of the Allied Pilots Association, said in a note to members that pilots were reporting pressure to approve faster flight plans.

  • Ivan Menezes, chief executive officer of Diageo Plc

    Shares of liquor maker Diageo jumped roughly 2.5 percent, fueled by reports of a rebound expected to continue in the coming year.

  • Ford CEO Mark Fields

    Ford's stock fell sharply Thursday as the automaker posted second-quarter earnings that missed estimates and noted challenges to meeting guidance.

  • LAS VEGAS— Allegiant Air pilots ratified a new contract after a fight during which the union accused the low-fare carrier of taking safety shortcuts. Teamsters Local 1224 said Thursday that the five-year contract includes immediate pay raises of up to 31 percent and better benefits and scheduling rules. The airline is part of Las Vegas- based Allegiant Travel...

  • Ford slides on forecast

    CNBC's Phil LeBeau reports on Ford's big earnings miss and concerns about guidance.

  • ALBANY, N.Y.— The Port of Albany will receive $17 million in federal funding to pay for upgrades and an expansion allowing for greater shipment of large cargo. The New York Democrat says the money will allow the port to demolish and rebuild a warehouse, rebuild a shipping terminal and improve safety at the port, which he says is the busiest facility of its kind in...

  • FRANKFURT, July 28- Mercedes-Benz has defended an advertising campaign for its new E-Class against allegations that consumers were being misled about the car's self-driving capabilities, the latest backlash by consumer groups in the wake of a fatal Tesla accident. The ensuing investigation of the Tesla accident by the U.S. National Highway Traffic Safety...

  • President and CEO Cal Dooley of the American Chemistry Council said the new rule should help keep freight rail and manufacturing healthy. The proposal to force railroads to allow some manufacturers to hire a competing railroad to haul their products has been championed by the National Industrial Transportation League. "Our member companies across a host of...

  • A rendering of a Hyperloop by Hyperloop Transportation Technologies

    Hyperloop Transportation Technologies (HTT) has partnered with one of Europe's largest railway operators to test some of its tech on their trains.

  • GRAPEVINE, Texas— An American Airlines aircraft landed safely at Dallas-Fort Worth International Airport despite a dramatic discharge of flames from one of the engines. American spokesman Ross Feinstein says none of the 136 passengers and crew was injured when Flight 438 to Seattle returned to Dallas about 20 minutes after takeoff Wednesday night.

  • MONACO _ Scorpio Tankers Inc. on Thursday reported second-quarter earnings of $3.8 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. Four analysts surveyed by Zacks expected $148.1 million.

  • BEIJING, July 28- China's rail freight volume fell 7.5 percent in the first half of 2016 from the same period a year earlier to 1.58 billion tonnes, the country's top economic planner said on Thursday. The rate of decline eased slightly from 7.7 percent in Jan-May. The state planner did not provide figures for June.

  • NEW YORK _ Gener8 Maritime Inc. on Wednesday reported second-quarter profit of $38 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. Gener8 Maritime shares have decreased 41 percent since the beginning of the year.

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