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Business Transportation


  • Nov 24- Heightened travel risks stemming from the recent militant attacks in Paris have depressed flight bookings to the French capital and other destinations, sending travel stocks lower as fears grow of a lengthy slump. New flight bookings to Paris, one of the world's most-visited cities, fell 27 percent in the Nov. 14-21 period from a year ago, travel...

  • NEW YORK— If you're braving the airports this Thanksgiving, you won't be alone. Airlines for America, the lobbying group for several major airlines, forecasts 25.3 million passengers will fly on U.S. airlines during the 12 days surrounding the holiday. That's up 3 percent from last year.

  • Airline stocks drag on travel alert Tuesday, 24 Nov 2015 | 3:01 PM ET
    Airline stocks drag on travel alert

    After the State Department issued a travel alert for U.S. citizens, airline stocks are lower, reports CNBC's Dominic Chu.

  • Mexico trade boosting transports Tuesday, 24 Nov 2015 | 1:57 PM ET
    Mexico trade boosting transports

    Transportation leaders have much to gain amid increasing trade with Mexico, CNBC's Morgan Brennan reports.

  • CAPE CANAVERAL, Fla., Nov 24- Amazon founder Jeff Bezos said on Tuesday his space transportation company, Blue Origin, plans about two more years of test flights before it will offer rides to passengers. "This flight retired a lot of risk and validated of lot of the elements of the design," Bezos, who founded Amazon.com Inc and owns the Washington Post newspaper.

  • SAO PAULO/ BEIJING, Nov 24- China's HNA Group partnered with JetBlue founder David Neeleman on Tuesday, agreeing to buy a $450 million stake in Azul SA, Brazil's third-largest airline, and providing a cash cushion until a much-delayed initial public offering proceeds. The 23.7 percent stake in Azul SA will be a first foray into Latin America for HNA Group, an...

  • Transports gain in Mexico trade boost Tuesday, 24 Nov 2015 | 10:30 AM ET
    Transports gain in Mexico trade boost

    Transportation leaders have much to gain amid increasing trade with Mexico, CNBC's Morgan Brennan reports.

  • CAPE CANAVERAL, Fla., Nov 24- Amazon founder Jeff Bezos' space transportation company, Blue Origin, successfully landed a suborbital rocket back at its launch site, a key step in its drive to make reusable rockets, the company said on Tuesday. The New Shepard rocket, which is designed to carry six passengers, blasted off from a launch site in West Texas at 12:21 p.m. CST...

  • LONDON, Nov 24- A marked drop in Asian imports to Europe, made worse by a strong dollar, has heaped pain on container lines already struggling with massive over capacity, a major industry player said. The container market, which ships retail goods from IPhones to designer clothes and food products, has been hit by a slowdown in demand for goods from Asia, especially...

  • LONDON— British Airways and easyJet have canceled flights to Sharm el-Sheikh until at least January, as Britain advises its citizens to avoid travel there after last month's downing of a Russian passenger jet. Britain and several other countries canceled all flights to the Egyptian resort after an Airbus 321 operated by Russian airline Metrojet crashed Oct....

  • BEIJING/ SAO PAULO, Nov 24- China's HNA Group on Tuesday said it would buy a 23.7 percent stake in Azul Brazilian Airlines for $450 million in its first foray into Latin America. HNA Group will become the largest shareholder in Azul, Brazil's third largest airline, and aims to benefit from substantial passenger traffic between China and Brazil.

  • Just two years ago, the U.S. Department of Transportation struck a cautious tone. Transportation Secretary Anthony Foxx has ordered his department's National Highway Traffic Safety Administration to revise the policy "to reflect today's technology and his sense of urgency to bring innovation to our roads that will make them safer," Emmerling wrote late...

  • The budget carrier hopes to launch four fights a week from its hub, Shanghai's Pudong airport, in early February 2016, although the proposal is pending approval from both the North Korean authorities and the Civil Aviation Administration of China, a Spring Airlines spokesman said. North Korea's state airline, Air Koryo, runs regular flights between Pyongyang...

  • Cathay Pacific flight diverted for medical reasons Monday, 23 Nov 2015 | 11:07 PM ET
    A Cathay Pacific Airways 747 passenger plane

    Cathay Pacific flight CX 841 from New York to Hong Kong was diverted to Beijing as a passenger required urgent medical assistance, the carrier said.

  • Finished Volkswagen cars arrive at the end of the assembly line prior to a visit by Volkswagen Group Chairman Matthias Mueller and Lower Saxony Governor Stephan Weil at the Volkswagen factory on October 21, 2015 in Wolfsburg, Germany.

    Analysts have said the costs of fines, lawsuits and vehicle refits caused by VW's rigging of diesel emissions tests could top $42 billion.

  • Edmunds.com forecasts Nov. auto sales rate at 18.3M Monday, 23 Nov 2015 | 3:16 PM ET
    Edmunds.com forecasts Nov. auto sales rate at 18.3M

    CNBC's Phil LeBeau reports on early forecasts for the auto sales rate for the current month.


  • The task force's recommendations, which are expected to be broadly accepted by the FAA next month, would require drone owners to register their names and addresses in a new FAA database and place an identification number on their aircraft. Lawrence co-chaired the task force, which the FAA assembled last month. But less than an hour after the conference call, the...

  • MONTREAL, Nov 23- The United Nations' aviation agency said Monday its panel of security experts will review ways to better protect global airports from terrorism following concerns of lax security raised after a Russian plane was destroyed on Oct. 31. The International Civil Aviation Organization- led panel, which is to meet in March 2016, will emphasize airport...

  • BRASILIA, Nov 23- The Brazilian government said on Monday it raised the internal rate of return on future railway concessions, in a bid to attract more private investment to an economy heading to its longest recession in more than 80 years. President Dilma Rousseff has put her hopes on a $50 billion program to sell off airports, roads, ports and railways in coming...

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