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Business Transportation

  • NEW YORK _ Fortress Transportation and Infrastructure Investors LLC on Thursday reported a loss of $1.8 million in its fourth quarter. On a per-share basis, the New York- based company said it had a loss of 2 cents. For the year, the company reported that its loss widened to $20.1 million, or 26 cents per share.

  • SAN FRANCISCO— A self-driving car company founded by Google is colliding with ride-haling service Uber in a court battle revolving around allegations of betrayal, high-tech espionage and greed. The brewing showdown emerged late Thursday in a lawsuit filed in a San Francisco federal court by Waymo, a once-secretive self-driving company hatched by Google...

  • CHICAGO, Feb 23- A glut of idled river barges is clogging Mississippi River shorelines from St. Louis to New Orleans, leaving U.S. barge companies that haul grain, coal and other bulk goods counting their losses. Barge lease rates paid to companies like Archer Daniels Midland Co's American River Transportation Company, privately held Ingram Barge and a handful of...

  • The $29.7 billion operating budget proposal for the financial year that begins July 1 would leave gaps the Democratic governor hopes to fill, with as yet unidentified revenue sources. Edwards and lawmakers want to rewrite Louisiana's tax laws in the legislative session that begins in April. Most of the increase would come from a $1.7 billion boost in federal...

  • Feb 23- Norwegian Air Shuttle ASA plans to offer transatlantic flights on 10 new routes between the United States and Europe with tickets starting at $65 one way, putting pressure on U.S. and European rivals to compete, it said on Thursday. Norwegian's $65 fares will be for a one-way ticket to UK and Irish destinations from smaller airports in New York state,...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • Lyft mustache logo

    Lyft added 50 new cities on Thursday, including Topeka, Bismarck, Cedar Rapids, Des Moines, Columbus and Birmingham.

  • HAMILTON, Bermuda _ Teekay Tankers Ltd. on Thursday reported fourth-quarter profit of $6.8 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. Three analysts surveyed by Zacks expected $102 million.

  • Feb 23- Norwegian Air Shuttle ASA on Thursday announced plans to offer transatlantic flights on 10 new routes between the United States and Europe starting at $65, ramping up pressure on U.S. and European rivals. Norwegian is expanding its network of flights to the United States from mid-June after receiving long-awaited approval late last year for its Irish...

  • WARWICK, R.I.— Low-cost carrier Norwegian Air Shuttle is promising to boost traffic at smaller airports on both sides of the Atlantic Ocean when it starts service to Europe this summer from Rhode Island, Connecticut and New York. Norwegian Air announced Thursday that it's opening new flight crew bases and plans to hire pilots and flight attendants at Rhode...

  • Beginning in mid-June, the low-cost European carrier will launch one-way flights from Stewart International Airport in Orange County, New York, T.F. Green Airport in Providence, Rhode Island, and Bradley International Airport in Hartford, Connecticut to destinations in Ireland and the United Kingdom. This compares to one-way New York to Dublin air ticket...

  • LONDON, Feb 23- U.S. subscription-based airline Surf Air will launch in Europe in May, targeting people who fly business class in a potential challenge to the continent's traditional airlines. The London- headquartered airline will try to better what its sister company, Surf Air, has done in California. Across U.S. and European operations, Surf Air expects to...

  • FRANKFURT/ LONDON, Feb 23- Brussels Airport is being prepared for a potential sale as one of its owners is planning an exit from Belgium's main hub, according to several people close to the matter. Brussels is Europe's 26th largest airport, located in Zaventum just outside the city which houses the main European Union and NATO headquarters. Brussels airport is the...

  • WASHINGTON— With states seizing the initiative on shaping the future of self-driving cars, General Motors is trying to persuade lawmakers across the country to approve rules that would benefit the automaker while potentially keeping its competitors off the road. GM began by getting a bill passed last year on its home turf, in Michigan. This year, bills similar...

  • LONDON, Feb 23- U.S. subscription-based airline Surf Air will launch in Europe in May, targeting people who fly business-class in a potential challenge to the continent's traditional airlines. The London- headquartered airline will try to better what its sister company, Surf Air, has done in California. Surf Air has ordered 45 Swiss-made Pilatus eight-seat jets...

  • Leather jackets were the swag that broke the millennial's back in the Uber sexism saga, Recode reports.

  • Australian airline Qantas, seen here with CEO Alan Joyce, launched daily flights between Sydney and Beijing in January 2017 for the first time since 2009 to capitalise on the increasing growth of the Australia-China travel market.

    Australian flag carrier Qantas Airways on Thursday announced better-than-expected 1H results, sending share prices rallying to a 10-month high.

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