GO
Loading...

Enter multiple symbols separated by commas

Business Transportation

More

  • Private jet business bumpy in China: NetJets CEO Friday, 1 May 2015 | 7:39 AM ET
    A Netjets Inc. sign stands hear a new Embraer Phenom 300 jet at Eppley Airfield in Omaha, Nebraska.

    NetJets is seeing strength in the U.S., and even in Europe, but an austerity campaign is creating challenges in China, Jordan Hansell tells CNBC.

  • KUALA LUMPUR, May 1- Malaysia's national carrier Malaysia Airlines is planning to sell off some of its aircraft as part of its restructuring efforts, aviation news website Flightglobal reported. After two air disasters and years of losses, the national carrier was taken private last year by Malaysian sovereign wealth fund Khazanah Nasional Bhd under a...

  • April 30- More than 250 members of Congress have signed a letter urging the U.S. departments of state and transportation to seek consultations with Qatar and the United Arab Emirates over subsidies the states have allegedly given Gulf airlines. The letter, sent Thursday, adds to political pressure on the Obama administration since three U.S. airlines first...

  • NEW YORK, April 30- An oil train safety plan for the United States and Canada to be announced on Friday will include an unexpected mandate on the rail industry to adopt an advanced braking system, industry sources familiar with the rules said. However, the Transportation Department has concluded that ECP braking would deliver meaningful safety improvements.

  • April 30- Budget airline Virgin America Inc is moving to finance five aircraft before interest rates rise, Chief Financial Officer Peter Hunt said in an interview Thursday. Virgin America recently announced it has financed about 80 percent of the purchase price of five other A320 aircraft scheduled for delivery this year. It had an initial public offering in...

  • Portland makes Uber, Lyft legal—for now Thursday, 30 Apr 2015 | 1:32 PM ET
    A Uber driver in New York

    Despite protests from taxi drivers, Portland is experimenting with letting Uber and Lyft operate in the city. Will other cities follow?

  • WASHINGTON, April 30- The leading voice for the refining sector on Thursday said it was not realistic for U.S. regulators to expect existing oil train tankers to be retired within five years, and sought a meeting with the National Transportation Safety Board. "The emphasis on tank car modifications through an overly aggressive and infeasible retrofit schedule...

  • April 30- Virgin America Inc on Thursday topped analysts' expectations for first-quarter profit, helped by flying planes with fewer empty seats, and forecast its unit revenue would stay flat or decline slightly this quarter. While the strong U.S. dollar has hurt sales abroad for bigger U.S. airlines, with large international operations, domestic-focused...

  • *IAG Q1 profit of 25 mln euros vs 150 mln euro loss last yr. LONDON/ BERLIN, April 30- British Airways- owner IAG swung to a profit for the first time in its seasonally weakest first quarter, but warned a stronger dollar would hold it back this quarter, echoing a warning from rival Air France-KLM. Shares in IAG, formed from the 2011 merger of British Airways and Iberia, fell 2...

  • LOS ANGELES, April 29- Striking port truckers seeking recognition as employees rather than as independent contractors for their companies picketed a rail yard on Wednesday as they called again on the mayors of Los Angeles and Long Beach to weigh in on drivers' behalf. The four companies- Pacific 9 Transportation, Intermodal Bridge Transport, Pacer Cartage, and...

  • LONDON, April 29- By focusing on operational improvements, shipping companies are reducing fuel consumption, saving money and cutting greenhouse emissions, while continuing to increase the amount of freight transported. Maersk Line, the world's largest container carrier, cut fuel consumption by more than 13 percent between 2012 and 2014, while increasing...

  • LATAM Airlines rules itself out of TAP sale Tuesday, 28 Apr 2015 | 1:04 PM ET

    SANTIAGO, April 28- LATAM Airlines Group SA, Latin America's biggest carrier, said on Tuesday it would not participate in the privatization of Portuguese flag-carrier TAP under current market conditions. However, LATAM- formed in 2012 with the merger of Chile's LAN and Brazil's TAM- thinks now is not the right time, Chairman Mauricio Amaro told journalists...

  • 20% of oil supply travels waters where ship seized Tuesday, 28 Apr 2015 | 12:57 PM ET
    An oil tanker in the sea waters off Fujairah, United Arab Emirates.

    Almost 20 percent of the world’s oil supply travels through the Strait of Hormuz between the Persian Gulf and the Arabian Sea.

  • April 28- JetBlue Airways Corp shattered expectations Tuesday by forecasting a rise in April unit revenue while investors were braced for a decline, sending its stock up nearly 5 percent. This was "remarkably better" than anticipated, Wolfe Research analyst Hunter Keay said during JetBlue's earnings call. Customers' response to JetBlue's premium cabin...

  • CHICAGO, April 28- United Parcel Service Inc on Tuesday reported higher first-quarter net profit due to price increases and productivity improvements, and reaffirmed its earnings outlook for 2015.. The world's largest package delivery company posted a first-quarter net profit of $1.03 billion, or $1.12 per share, up 10 percent from $911 million, or 98 cents...

  • April 28- JetBlue Airways Corp's first-quarter profit soared as strong U.S. domestic demand, lower fuel prices and cost controls helped its bottom line, the company reported Tuesday. Northeast and Midwest last quarter, New York- based JetBlue moved around crew and aircraft so it could start flying customers immediately after storms subsided.

  • CHICAGO, April 28- United Parcel Service Inc on Tuesday reported a higher quarterly net profit due to price increases and productivity improvements, and reaffirmed its earnings outlook for 2015.. Earlier this month, its main rival, FedEx Corp, announced it would buy Dutch package delivery firm TNT Express. If FedEx's acquisition of TNT is approved, it would...

  • LONDON, April 28- Flying has become less energy intensive than driving, at least in the United States, according to the surprising findings of an analysis of energy consumption by the University of Michigan's Transportation Research Institute. Transporting one person a distance of one mile by aircraft consumed on average the energy equivalent to 2,465...

  • UPS quarterly profit rises, helped by price increases Tuesday, 28 Apr 2015 | 7:54 AM ET

    CHICAGO, April 28- United Parcel Service Inc on Tuesday reported a higher quarterly net profit, which rose thanks to price increases and productivity improvements. The world's largest package delivery company posted a first-quarter net profit of $1.03 billion or $1.12 per share, up 10 percent from $911 million or 98 cents per share a year earlier.

  • SHANGHAI, April 28- China Railway Construction Corp Ltd has signed two deals worth a combined $5.5 billion for construction projects in Africa, Xinhua reported late on Monday, as the country's railway firms increasingly flex their muscle overseas. CRCC's China Civil Engineering Construction Corporation unit will work on a $3.5 billion intercity railway...

Contact Transportation

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.