Business Transportation

  • Airbus posts 21% drop in core profit

    Europe's largest aerospace group pointed to softness in its core commercial jetliner unit and weakness in the commercial helicopter market.

  • Shares of Southwest Airlines tumbled 12 percent at one point Wednesday after the company reported lower third-quarter profit and gave a weak forecast for revenue during the rest of the year. Southwest pointed its finger at discount airlines such as Spirit, Frontier and Allegiant, saying those small but fast-growing operators have increased seats by a...

  • Hilton said it was on track to complete the spinoffs of Park Hotels& Resorts and Hilton Grand Vacations around the end of the year. China's aviation and shipping giant HNA Group said on Monday it would buy a 25 percent stake in Hilton from its biggest shareholder Blackstone Group LP for $6.5 billion. Hilton said net income attributable to its stockholders fell to...

  • CNBC's Gemma Acton and John Holland-Kaye, CEO of Heathrow Airport, discuss how an additional runway at Heathrow Airport will benefit the U.K. as it exits the EU.

  • Is Heathrow ready to expand?

    After decades of wrangling, the U.K. government announces its backing of a third runway at Europe's busiest airport.

  • Heathrow expansion will help make Brexit a success: CEO

    The U.K. government has given the green light to a Heathrow expansion. Heathrow CEO, John Holland-Kaye reflects on the announcement and what this means for Britain.

  • Final decision on Heathrow unlikely before the end of 2017

    The long-awaited Heathrow expansion has finally been approved the U.K. government. CNBC’s Gemma Acton outlines the key points from the decision and the potential ramifications.

  • SINGAPORE, Oct 26- Some start-ups are taking on one of air travel's last undisrupted bastions- the economy-class cabin. "We want to make travel memorable and comfortable for all of us, not just the top 1 percent," Alireza Yaghoubi, founder of Singapore- based AirGo, told a recent start-up conference to pitch his superlight economy-class seat. They are trying to...

  • Canada's largest railroad said carloads fell 4.4 percent in the third quarter ended Sept. 30, and it expected total carloads for 2016 would decrease in the mid single-digit range. U.S. grain revenue was up 20 percent during the quarter, while Canadian grain revenue was down 5 percent, partly because of a later than expected harvest of this year's crop, said CN's...

  • MEXICO CITY/ MADRID, Oct 25- Tycoon Carlos Slim's construction arm is in talks with his majority-owned construction firm FCC and rival Spanish builder Acciona to jointly bid on a coveted $3.5 billion Mexico City airport terminal project, five people familiar with the matter said. The bid for the terminal, hot on the heels of Carso's runway bid, shows how Slim,...

  • Oct 25- Canadian National Railway Co reported a 6.5 percent fall in quarterly revenue on Tuesday as it moved lower volumes of crude oil, coal and fracking sand. Revenue fell 6.5 percent to C $3.01 billion. The company's net income fell to C $972 million, or C $1.25 per share, from C $1.01 billion, or C $1.26 per share, a year earlier.

  • Commercial airplane taking off

    Shares of Crane climbed more than 11 percent on Tuesday after the company reported earnings that beat analysts' estimates.

  • Oct 25- Canadian National Railway Co reported a 6.5 percent fall in quarterly revenue on Tuesday as it moved lower volumes of crude oil, coal and fracking sand. The company's net income fell to C $972 million, or C $1.25 per share, in the third quarter ended Sept. 30 from C $1.01 billion, or C $1.26 per share, a year earlier. Revenue fell to C $3.01 billion from C $3.22...

  • Pigment is added to a gallon of ProMar 200 paint, an interior latex with zero volitile organic compounds (VOC's), at a Sherwin-Williams Co. store in Princeton, Illinois.

    Sherwin-Williams shares plunged more than 10 percent Tuesday after the company posted earnings that sharply missed Wall Street estimates.

  • Mercedes-Benz Concept X-CLASS pickup

    Mercedes-Benz will become the first German premium automaker to enter one of the most lucrative segments in the car industry.

  • MIAMI— Eight people have been charged in the theft of 23,000 Apple iPhones using a disguised tractor-trailer to steal the cargo at Miami International Airport. The FBI said in a news release Tuesday that the suspects were arrested in the Miami area. The suspects began appearing Monday in Miami federal court.

  • DETROIT, Oct 25- Investors dumped General Motors Co shares on Tuesday despite record third-quarter results, highlighting the disconnect between Detroit and Wall Street as the long U.S. vehicle sales boom cools off. The company said full-year results should be on the "high end" of a previous forecast of $5.50 to $6.00 a share. Chief Financial Officer Chuck Stevens...

  • LONDON, Oct 25- The chief of British Airways-owner IAG welcomed Britain's commitment to cap airline charges in its plans to build a new runway at Heathrow. Britain on Tuesday gave Heathrow the green light to build a new $22 billion runway, ending 25 years of indecision. In choosing Heathrow, the government said that the British aviation regulator would work with...

  • *Egypt short for dollars, container shippers in downturn. COPENHAGEN, Oct 25- Egypt is in talks with global shipping firms to change the way it charges vessels to pass through the Suez Canal, offering discounts for advance payments as it seeks to raise much-needed hard currency from a struggling industry. Egypt aims to double its revenue from the Canal by 2023 with...

  • Bud uses self-driving truck for beer delivery

    In a collaboration with Otto, Anheuser-Busch successfully carried out what's believed to be the first commercial shipment by an autonomous truck.

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