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Business Transportation


  • Will new China rules strangle Uber or legalize it? Sunday, 11 Oct 2015 | 5:02 AM ET
    Uber CEO Travis Kalanick speaks at a ceremony at the Baidu headquarters in Beijing on December 17, 2014. Baidu, China's leading search engine, and ride sharing company Uber announced a strategic investment and cooperation agreement on December 17.

    Beijing is publishing draft rules that would impose taxi-like restrictions on private car-hailing services such as Uber, the FT reports.

  • SINGAPORE— A Singapore Airlines jet collapsed Sunday morning with no passengers or crew on board as an engineer conducted routine landing checks before a scheduled flight from Singapore to Hong Kong, the airline said. Singapore Airlines will be cooperating fully with the authorities in their investigations, "the statement said. The plane had been due to serve...

  • Former CEO of Volkswagen AG Martin Winterkorn is seen at the Volkswagen night on the eve of the 66th IAA auto show in Frankfurt on September 14, 2015.

    Winterkorn fostered a climate of fear, an authoritarianism that went unchecked partly due to a company structure unique among German carmakers.

  • Ferrari's IPO could value the company near $10B Sunday, 11 Oct 2015 | 12:42 AM ET
    Ferrari 488 Spider

    Ferrari expects its U.S. IPO to be priced in a range of between $48 and $52 per share, which could value the company at up to $9.8 billion.

  • NYC, state reach deal on mass transit capital funding Saturday, 10 Oct 2015 | 12:31 PM ET

    NEW YORK— A deal has finally been struck to fund the New York City region's mass transit capital spending program, ensuring that vitally needed infrastructure upgrades— including repairs to damage wrought by Superstorm Sandy— will be underwritten for the next five years. The $26.1 billion agreement to fund the Metropolitan Transportation Authority was...

  • How much a Tesla will really cost you Saturday, 10 Oct 2015 | 8:59 AM ET
    Tesla CEO Elon Musk demonstrates the falcon wing doors on the new Tesla Model X Crossover SUV during a launch event on September 29, 2015 in Fremont, California

    There's a lot more to the true cost of a Tesla than you might think. Options and state and federal tax breaks make a big difference.

  • TORONTO/ PARIS, Oct 9- Canada's Bombardier Inc said on Friday it is in advanced discussions to sell its new CSeries jet to airlines in North America, without identifying the prospective buyers. Montreal- based Bombardier has redoubled efforts to win a landmark order for the CSeries after failing to sell the program to rival Airbus, and is pitching the jets hard to...

  • TORONTO, Oct 9- Canada's Bombardier Inc said on Friday it is in advanced discussions to sell its new CSeries jet to airlines in North America, without identifying the airlines. "We are in some pretty advanced discussions," said Bombardier spokeswoman Marianella de la Barrera. "Our senior leaders are engaged."

  • NEW YORK— The New York subway system was a gleaming symbol of American ingenuity when it opened in 1904. Now it rattles along past aging stops, controlled by cloth-insulated electrical wiring and signal devices almost as old as the tunnels themselves. The Metropolitan Transportation Authority has a $29 billion modernization plan that would add high-tech...

  • UAW approves proposed Fiat Chrysler contract Friday, 9 Oct 2015 | 1:50 PM ET
    Fiat Chrysler Automobile (FCA) workers exit from the Warren Truck Assembly Plant at the end of their shift October 7, 2015 in Warren, Michigan.

    U.S. union United Auto Workers' leaders on Friday approved a tentative four-year contract with Fiat Chrysler Automobiles NV

  • NAIROBI, Oct 9- Kenya Airways has received the first half of a $200 million loan from Afreximbank to help keep the struggling airline afloat and expects the second tranche in two weeks, its chief executive said on Friday. "Kenya Airways will survive... you can't die before you are killed," Chief Executive Officer Mbuvi Ngunze told angry stockholders on Friday at its...

  • American Airlines traffic rose 7.2 percent in September compared with the same month last year. Still, the operator of American and US Airways said that it continued to expect that revenue for every seat flown one mile dropped by 6 percent to 8 percent in the third quarter compared with the same quarter last year. United Airlines reported late Thursday that...

  • Cramer: Tesla downgrade more negative than thought Friday, 9 Oct 2015 | 10:17 AM ET
    An employee works on a Telsa Model S sedan on an assembly line at the company's assembly plant in Fremont, Calif.

    Tesla Motors' shareholders should take a strong look at Barclays' downgrade of the stock, CNBC's Jim Cramer says.

  • NEW YORK— The stock market is closing out its best week this year with a modest gain, helped by airlines and industrial companies. United Continental and American Airlines each rose 7 percent. Sales of women's clothing at Banana Republic slumped.

  • US: CSX missed rail defect in oil train derailment Friday, 9 Oct 2015 | 9:59 AM ET
    A CSX employee walks on a locomotive while on a siding at Worthville, Ky., Oct. 11, 2013.

    U.S. regulators said a February oil train derailment in West Virginia was caused by a rail defect that CSX and its contractor missed during two inspections.

  • CAIRO— Egypt's aviation minister says airlines have begun applying a tax increase on all flights out of the country. Aviation Minister Hossam Kamal says in a statement that the tax on business class tickets increased by a third to reach 400 Egyptian pounds, while the tax on coach tickets increased by half to reach 150 Egyptian pounds. In an opinion piece...

  • United raises forecast, thanks to frequent fliers Friday, 9 Oct 2015 | 7:11 AM ET
    Passengers check-in for flights with United Airlines at O'Hare Airport last month.

    United said it expects a higher pre-tax profit margin for the third quarter than it had previously forecast, thanks in part to frequent fliers.

  • BOURNE, Mass.— The Statue of Liberty and the Manhattan skyline come into view as the ship sails into New York Harbor on calm waters. Two graduates of the Massachusetts Maritime Academy, engineers Jeffrey Mathias and Keith Griffin, were among the 33 crew members of the El Faro. William Brennan, president of the Maine Maritime in Castine, Maine, said Thursday that...

  • HK vs Singapore: Which is Asia's most liveable city? Thursday, 8 Oct 2015 | 10:18 PM ET

    Both cities boast enviable transport systems and low crime rates, but expensive real estate. So given the choice, which would you choose as home?

  • WASHINGTON, Oct 8- Ethiopian Airlines told Boeing Co in a letter that the shutdown of the U.S. Export-Import Bank raised concerns about the airline's ability to take delivery of Boeing jets already ordered and would force it to reevaluate future orders. But Ethiopian Airlines Chief Executive Tewolde GebreMariam told Boeing in the letter dated Oct. 3 that...

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