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Business Transportation

  • *VW to restart car assembly in Kenya. *VW says has agreed to assemble vehicles in Rwanda. NAIROBI/ KIGALI, Dec 22- Volkswagen is to start producing cars in Kenya and Rwanda and start a ride-hailing service in Kigali, as the German carmaker expands pay-per-use transportation business models in markets where rival Uber has not gained traction.

  • Airbus to sell 100 aircraft to Iran Air, as Tehran and Western companies race to re-open trade almost a year after sanctions were lifted.

  • SAN FRANCISCO, Dec 21- Uber Technologies Inc has removed its self-driving cars from San Francisco streets, halting the autonomous program one week after its launch as the company faced a regulatory crackdown. The California Department of Motor Vehicles said on Wednesday it revoked the registration of 16 Uber self-driving cars because they had not been...

  • Pilot models of the Uber self-driving car is displayed at the Uber Advanced Technologies Center on September 13, 2016 in Pittsburgh, Pennsylvania.

    Uber Technologies on Thursday removed its self-driving test cars from California and put them on trucks bound for Arizona.

  • SAN FRANCISCO, Dec 21- Uber Technologies Inc has removed its self-driving cars from San Francisco streets after California regulators cracked down on the week-old program because the company had not obtained a permit to test the vehicles. "We're now looking at where we can redeploy these cars but remain 100 percent committed to California and will be...

  • SAN FRANCISCO, Dec 21- Uber Technologies Inc. has removed its self-driving cars from San Francisco streets after California regulators cracked down on the program because the company had not obtained a permit to test autonomous vehicles. The California Department of Motor Vehicles said on Wednesday it revoked the registration of 16 Uber self-driving cars...

  • BUENOS AIRES, Dec 21- Isela Costantini resigned as chief executive officer of Aerolineas Argentinas, Argentina's state-run airline, for "personal reasons" on Wednesday, two spokeswomen for the transportation ministry said. She will be replaced by Mario Dell' Acqua, head of state-run airport logistics company Intercargo, the spokeswomen said.

  • *Eurowings announces 32 new routes from Munich next year. BERLIN, Dec 21- Eurowings outlined plans for new routes from Munich on Wednesday, maintaining its rapid expansion but raising concerns that the budget airline owned by Germany's Lufthansa is not paying enough attention to cutting costs. Eurowings said it would fly to 32 destinations from Munich,...

  • CHICAGO, Dec 21- Debates about improving America's infrastructure typically focus on projects like bridges, roads, railroads and power grids. But with President-Elect Donald Trump calling for $1 trillion in infrastructure spending over the next 10 years, here is an item that should be added to that list: affordable housing for seniors. Harvard Joint Center for...

  • LONDON, Dec 21- The shipping industry faces the threat of paying a levy to the European Union on its greenhouse gas emissions as lawmakers from the bloc grow increasingly impatient with the slow progress being made by the global effort to tackle the issue. "We hope that EU governments and the European Commission will see sense." A spokeswoman for the European...

  • What went wrong for Fedex?

    Higher ground network costs hit earnings this quarter, says David Campbell at Thompson, Davis & Company.

  • The Manhattan federal jury awarded nearly $5.1 million, a fraction of the up to $73 million American Airlines was seeking at trial. American Airlines was suing under the name of US Airways, the carrier it merged with in 2013. US Airways had filed the lawsuit in 2011.. American Airlines welcomed the verdict, saying it hoped the jury's finding that Sabre had...

  • Pedestrians pass by the New York Stock Exchange.

    These are the stocks posting the largest moves after the bell on Tuesday, including: FedEx, Nike, GoPro and more.

  • Dec 20- Southwest Airlines Co's website was back up after being unavailable for few hours on Tuesday, just a few days ahead of the busy Christmas weekend. The No.4 U.S. airline tweeted that it was facing issues related to checking in. The latest crash comes five months after the airline halted all departures to resolve issues impacting multiple technology...

  • A bicyclist rides past a FedEx Corp. delivery truck in Miami, Florida, U.S. on Thursday, Dec. 15, 2016.

    Analysts expected FedEx to post earnings of $2.90 a share on $14.9 billion in revenue, according to a Thomson Reuters consensus estimate.

  • NEW YORK, Dec 20- American Airlines Group Inc on Tuesday was awarded nearly $5.1 million in an antitrust lawsuit that accused airline booking service Sabre Corp of harming competition and charging grossly inflated booking fees. The verdict was a fraction of the up to $73 million that American Airlines, suing under its former name US Airways, sought at trial.

  • CHICAGO, Dec 20- Package delivery company FedEx Corp on Tuesday reported a higher quarterly net profit, boosted by revenue growth across all business units but results lagged Wall Street expectations and the company's stock fell nearly 3 percent in after-market trading. The Memphis- based company reported net income for its fiscal second quarter ending Nov....

  • BRIEF-SOUTHWEST AIRLINES WEBSITE IS DOWN- SOUTHWEST.COM.

  • BRIEF-SOUTHWEST AIRLINES WEBSITE IS DOWN- SOUTHWEST.COM.

  • SOUTHWEST AIRLINES CO WEBSITE IS DOWN- SOUTHWEST.COM WEBSITE.

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