Business Transportation


  • 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 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...

  • 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.

  • 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.

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

  • Traffic is getting worse—here's how to trade it Monday, 23 Nov 2015 | 9:47 AM ET
    Cars sit in miles-long traffic jam on southbound highway 101 near Mill Valley, California.

    No, it's not your imagination; traffic is getting heavier, says Steve Kopits. For investors, it's a good time to buy these sectors.

  • Nov 20- United Continental Holdings Inc and its airline pilots union reached an agreement in principle on Friday to extend the labor contract that covers United's more than 12,000 pilots by two years, the airline said. United's contract with the Air Line Pilots Association International had been due to run through early 2017. The union and United, the...

  • PARIS, Nov 20- France's CMA CGM, the world's third-largest container shipping firm, said freight rates should recover next year after a market downturn led to a sharp fall in its third-quarter profits. Both companies are in preliminary discussions with Neptune Orient Lines Ltd about a potential acquisition of the Singapore- based container liner, NOL said this...

  • Flight makes emergency landing after bomb threat Friday, 20 Nov 2015 | 11:19 AM ET
    A Spirit Airlines flight was forced to make an emergency landing Thursday night due to a bomb threat.

    The plane landed just 15 minutes after takeoff, after a "passenger was overheard possibly making mention of a bomb," reports NBC News.

  • Slower coal and iron ore demand from China- the world's biggest industrial importer- have battered the dry bulk sector, already in the midst of its worst ever downturns that is expected to extend well into next year. "Dry bulk demand is very much dependent on the world economy," said Symeon Pariaros, chief administrative officer of Athens- run and New York- listed...

Contact Transportation


    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.