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  • DETROIT, May 31- Automotive industry executives are less interested in pursuing acquisitions than they were a year ago and are favoring deals that minimize political or technology risks, according to a new survey by Ernst and Young. Some recent high profile automotive deals, including Toyota Motor Corp's investment in Uber Technologies Inc, reflect...

  • Electric charging station

    Tesla stock popped after an in-line earnings report but this stock's run is over. There is no path to profitability, says Michael Pento.

  • MOSCOW, May 31- Moscow's new international airport is set to open next month with only a handful of airlines and faces a struggle to win passengers from rivals after Russia's economic crisis. The Zhukovsky airport terminal was inaugurated by Prime Minister Dmitry Medvedev on Monday, part of a 10 billion rouble project to redevelop a cargo airfield and Cold War...

  • SINGAPORE, May 31- Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of companies that help preserve equipment and provide security for vessels parked around southeast Asia are busier than they have been for years. A popular lay-up anchorage near Indonesia's Batam island, a short hop from Singapore, is growing...

  • Passengers at O'Hare International Airport wait in line to be screened at a Transportation Security Administration (TSA) checkpoint on May 16, 2016 in Chicago, Illinois.

    A former top TSA official explains why staffing errors and a host of problems at the agency are to blame for long security wait times.

  • FRANKFURT, May 30- Venezuela owes Lufthansa more than $100 million in ticket revenue, the German carrier said on Monday, following news it was suspending flights there next month. Like other airlines, Lufthansa has struggled to repatriate revenue held in the local bolivar currency due to exchange controls and had reduced flights to Venezuela to limit its...

  • BERLIN, May 30- Air passenger demand in April rose at its slowest rate since January 2015, weighed by the March attacks on Brussels airport and highlighting safety as one of the main challenges facing top airline executives meeting this week. The International Air Transport Association's latest air passenger figures, released on Monday, showed demand rose by...

  • BEIJING, May 30- China's rail freight volume fell 7.9 percent in the first four months of 2016 from a year earlier to 1.05 billion tonnes, the country's top economic planner said on Monday. For April, the amount of cargo moved by railways declined 4.5 percent year-on-year to 260 million tonnes, the National Development and Reform Commission said on its website.

  • The specter of bankruptcy is hanging over a major part of South Korea's economy, further threatening the country's stagnant growth.

  • "We deeply regret that for these reasons, we will be forced to suspend our service between Caracas and Frankfurt as of June 18," the company wrote in a statement, noting that demand for international flights to Caracas dropped in 2015 and the first quarter of 2016.. Lufthansa does not plan to shut its office in Caracas. American Airlines in March said it was scrapping...

  • MONTREAL, May 27- The United Nation's aviation agency should avoid creating new checkpoints outside airport terminals as it draws up proposed global guidelines to improve security in the wake of recent attacks on travelers, the head of Airports Council International said on Friday. Angela Gittens, director general of the global airport trade group, said she...

  • 2017 Bentley Bentayga SUV.

    The Bentley Bentayga is the fastest and most luxurious, and it's already sold out for the first year, Bentley USA's CEO says.

  • WASHINGTON, May 27- American drivers logged a record number of miles in the first three months of the year, as travel rose 4.2 percent to 746 billion miles, the U.S. Transportation Department said on Friday. The U.S. average retail price for gasoline was $2.30 per gallon on May 23, which was 47 cents lower than at the same time last year, and the lowest average price...

  • WASHINGTON, May 27- The U.S. Transportation Department said Friday that American drivers logged a record number of miles in the first three months of the year, as travel rose 4.2 percent to 746 billion miles. In 2015, Americans drove a record 3.15 trillion miles, up 3.5 percent over 2014. In March, U.S. driving rose 5 percent to 273.4 billion miles over the same month...

  • ROADS JUMPS 5 PERCENT IN MARCH TO 273.4 BILLION MILES; UP 4.2 PERCENT IN FIRST QUARTER: U.S.

  • PARIS, May 27- The aerospace industry is struggling to make the most of the chances offered by Big Data to reduce production costs, optimize flight routes, and improve monitoring and maintenance of aircraft equipment, executives said. European planemaker Airbus will discuss its digitalization strategy when it invites media for its annual Innovation Days...

  • Passengers at O'Hare International Airport wait in line to be screened at a Transportation Security Administration (TSA) checkpoint in Chicago.

    Airport security line mess can be fixed easily. All Congress needs to do is..., says J. David Cox Sr.

  • A shortage of staff and a surge in air travelers have created a nightmare scenario for the U.S. Transportation Security Administration, with airport wait times in places like Chicago having stretched beyond two hours. Department of Homeland Security Secretary Jeh Johnson, who oversees the TSA, said he asked Congress on Thursday for another $28 million to...

  • A shortage of staff and a surge in air travelers have created a nightmare scenario for the U.S. Transportation Security Administration, with airport wait times in places like Chicago having stretched beyond two hours. American, the world's biggest airline, wants TSA to create a senior internal role focused on traveler concerns, Philipovitch told a...

  • LOS ANGELES, May 26- Planes arriving and departing Los Angeles International Airport were delayed on Thursday after a problem with air-traffic control software briefly halted all flights, according to U.S. and local air traffic officials. The Federal Aviation Administration ordered a ground stop for all flights into and out of the airport at about 8 a.m. PDT,...

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