Business Transportation

More

  • Excluding special items, it earned 88 cents per share, compared with 84 cents per share that analysts on average were expecting, according to Thomson Reuters I/B/E/S. The Dallas- based carrier said it moved up plans to retire classic Boeing Co 737 jets in its fleet to no later than the third quarter of 2017 from 2018, in order to resolve uncertainty about...

  • *Indonesian, Malaysia, Philippines ministers to meet. JAKARTA, April 21- Indonesia fears piracy on a shipping route along its sea border with the Philippines could reach Somalian levels and has told vessels to avoid danger areas, officials said on Thursday, after a spate of kidnappings. Concerns over maritime attacks by suspected Islamist militants are...

  • FRANKFURT/ LONDON, April 21- Germany's Hapag-Lloyd is in talks to merge with United Arab Shipping Company, the latest move in the container market to battle a faltering global economy and too many ships. Hapag-Lloyd gave no further details of the discussions and said there was no certainty of a deal, which if it comes off is estimated to create a group with a...

  • CHICAGO, April 21- Union Pacific Corp on Thursday posted an unexpectedly higher first-quarter profit as it cut costs to meet falling demand, but the No. 1 U.S. railroad said it remained challenged by low energy prices, a strong U.S. dollar and weak retail sales. Omaha, Nebraska- based Union Pacific reported an 8 percent decline in freight volumes from a year earlier,...

  • TORONTO, April 21- A small Air Canada passenger plane was damaged while landing late on Wednesday in the eastern province of Newfoundland and Labrador, and three passengers were taken to hospital, the airline said on Thursday. One passenger said the weather was snowy and windy during the landing, according to the Canadian Broadcasting Corp. The broadcaster...

  • Sophia Mendelsohn, head of sustainability for JetBlue

    Growing potatoes, kale and garlic at JFK airport? JetBlue's sustainability chief is rewriting the book on going green.

  • TORONTO, April 21- A small Air Canada passenger plane was damaged while landing late on Wednesday in the eastern province of Newfoundland and Labrador, and three passengers were taken to hospital, the airline said on Thursday. The airline said two of the passengers were released from hospital Wednesday and one is expected to be released on Thursday.

  • CHICAGO, April 21- Union Pacific Corp on Thursday posted an unexpectedly better quarterly profit as it cut costs to meet falling demand, but the No. 1 U.S. railroad said it remained challenged by low energy prices, a strong U.S. dollar and weak retail sales. For the first quarter of 2016, Omaha, Nebraska- based Union Pacific reported an 8 percent decline in freight...

  • A Southwest Airlines jet takes off at Midway Airport in Chicago, Illinois.

    Southwest Airlines is standing out with its bags-fly-free and no-change-fee policies, CEO Gary Kelly tells CNBC.

  • FRANKFURT, April 21- German container shipping group Hapag-Lloyd is in talks to merge with United Arab Shipping Company in what would be the latest tie-up in an industry hammered by overcapacity and a faltering global economy. France's CMA CGM is in the midst of buying Singapore's Neptune Orient Lines to cement its position as number three behind...

  • BRUSSELS, April 21- French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines is set to be cleared by the European Union's competition regulators, on condition that NOL pulls out from a rival shipping alliance, two people familiar with the matter said on Thursday. CMA CGM's plan to withdraw NOL from the G6 alliance, which competes with its own...

  • The U.S. budget carrier, whose shares rose 4 percent in premarket trading, said it had earned $511 million in the first quarter, up from $453 million a year earlier. Excluding special items, the profit was 88 cents per share. "Solid bookings and revenue trends have continued," Southwest Chief Executive Officer Gary Kelly said in a news release.

  • *Indonesia, Malaysia, Philippines ministers to meet in Jakarta. JAKARTA, April 21- Indonesia fears piracy on a busy shipping route along its maritime border with the Philippines could hit levels seen in Somalia unless security is tightened, its chief security minister said on Thursday, following a spate of kidnappings. For the first time, concerns over rising...

  • Low oil prices is positive for us: Eurotunnel CEO

    Eurotunnel CEO Jacques Gounon talks about the impact of low oil prices, Europe's economy and comments on Brexit.

  • UNITED AIRLINES IS NOT LOOKING FOR ANOTHER AIRCRAFT TYPE IN NEXT THREE YEARS FOR REPLACING ITS 50- SEAT JETS- ACTING CFO.

  • UNITED AIRLINES IS PLEASED WITH THE BOEING 737 ORDERS IT HAS PLACED- ACTING CFO.

  • UNITED AIRLINES HAS CONCLUDED PROCESS OF SELECTING SMALL NARROWBODY AIRCRAFT- ACTING CFO.

  • The No.3 U.S. airline by traffic earned $313 million in the first quarter. On an adjusted basis, profit fell 25 percent to $435 million, or $1.23 per diluted share, in part because United began recording non-cash taxes. Analysts on average estimated United would earn about $420 million, or $1.18 per diluted share, according to Thomson Reuters I/B/E/S.

  • JAKARTA, April 20- Authorities from at least two Indonesian coal ports have stopped allowing vessels to leave for the Philippines due to security concerns following a spate of ship hijackings in the southern Philippines, a government official said on Wednesday. Departure permits for the Philippines were no longer available for shipping vessels at the Port...

  • The move is aimed at placating a complaint by activists PAR Capital Management Inc and Altimeter Capital Management LP that the company does not have enough directors with expertise in airlines. Barney Harford, former chief executive of online travel services company Orbitz Worldwide Inc, and Edward Shapiro, a partner at PAR, will join United's board...

Contact Transportation

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.