Business Transportation

  • BERLIN— Prosecutors are seeking a four-year jail sentence for a train dispatcher accused of negligence that led to one of the worst train crashes in German history this year. Twelve people died and 89 were injured when two commuter trains collided on a single track on Feb. 9 near the Bavarian town of Bad Aibling, which is 60 kilometers southeast of Munich.

  • NEW YORK, Dec 1- American Airlines Group Inc will cut nearly 25 percent of its flights to Cuba in 2017, a company spokesman said on Thursday, attributing the move to travel demand rather than the election of Republican Donald Trump as U.S. president. Starting in mid-February, American, the world's largest airline, will offer one trip a day instead of two from Miami to...

  • NEW YORK, Dec 1- American Airlines Group Inc will cut nearly 25 percent of its flights to Cuba in 2017, a company spokesman said on Thursday, attributing the move to travel demand rather than the election of Republican Donald Trump as U.S. president. Trump, who takes office on Jan. 20, threatened on Monday to end the recent rapprochement between the United States and...

  • With supersonic flight, you can fly in half the time

    Boom Technologies' Blake Scholl discusses how developments in technology and flight simulation will make supersonic passenger travel a reality soon.

  • A customer boards an Avis Budget Group Inc. shuttle bus at the Denver International Airport (DEN) in Denver, Colorado, U.S., on Wednesday, Oct. 28, 2015.

    The Dow Jones transportation average hit a new multiyear high dating back to March 2015 on Thursday.

  • Pedestrians walk past the Nasdaq MarketSite in New York.

    The index fell more than 1.5 percent Thursday, erasing its post-U.S. election gains.

  • MONTREAL/ NEW YORK, Dec 1- Delta Air Lines Inc pilots on Thursday agreed to a new contract that delivers a 30 percent pay raise by 2019, as the aviation industry deals with mounting demand for higher wages to fly planes at a time of big profits. The new contract, backed by 82 percent of pilots at the No. 2 U.S. airline by traffic who voted on ratification, keeps existing...

  • Drone with camera

    Elaine Chao, Trump's Transportation secretary pick, has expressed openness to privatizing parts of federal programs, Recode reports.

  • BRUSSELS— The European Union and Berlin have ended their standoff over the introduction of a road tax for passenger cars in Germany that was seen as discriminating against other EU drivers. Both sides said the compromise deal would underscore that EU citizens cannot be discriminated against while it would allow Germany to fund road works in the future.

  • TOLEDO, Ohio— A self-driving big rig is rolling down the Ohio Turnpike for the first time. The debut of the self-driving truck on Thursday is part of Ohio's $15 million investment in advanced self-driving highway technology. Ohio is among several states competing to play a role in the testing and research of autonomous vehicles, which is advancing.

  • The pilot of the plane carrying a Brazilian soccer team told air-traffic controllers he had run out of fuel

  • BRUSSELS, Dec 1- The European Commission has accused the United States of breaching an air transport services pact and has formally filed for arbitration in a dispute over a request by a Norwegian budget carrier for flight routes. Transatlantic routes have proven lucrative for established airlines but now smaller carriers such as Norwegian and Iceland's...

  • DELTA AIR LINES PILOTS VOTE TO APPROVE TENTATIVE CONTRACT AGREEMENT- UNION.

  • MOSCOW— An unmanned Russian cargo spaceship heading to the International Space Station broke up in the atmosphere over Siberia on Thursday due to an unspecified malfunction, the Russian space agency said. The Progress MS-04 cargo craft broke up at an altitude of 190 kilometers over the remote Russian Tuva region in Siberia that borders Mongolia, Roscosmos...

  • CAPE CANAVERAL, Fla., Dec 1- Tech billionaire Elon Musk's SpaceX hopes to return its Falcon 9 rocket to flight on Dec. 16, said Iridium Communications Inc, which plans to have 10 of its satellites on board for launching. The launch is contingent on approval by the Federal Aviation Administration, which oversees U.S. commercial space transportation, Iridium said on...

  • COPENHAGEN, Dec 1- Maersk Line, the world's biggest shipping company, is to buy smaller rival Hamburg Süd, joining a wave of M&A in the industry just over two months after the Danish company revealed plans to bolster its transport operations. It also follows Maersk's new boss Soren Skou's move to focus on transport and logistics and spin off the company's energy...

  • Dec 1- Parker-Hannifin Corp, which makes motion and control systems for the industrial and aerospace markets, said on Thursday it would buy air filtration systems maker Clarcor Inc for about $4.3 billion, including debt. Clarcor's strong presence in the United States and high percentage of recurring after-market sales would benefit Parker-Hannifin, the...

  • A.P. Moller-Maersk has agreed to buy German rival container Hamburg Süd, sending shares in the Danish shipping company up nearly 5 percent.

  • Hamburg Süd, part of the Oetker Group, is the world's seventh largest container shipping line and operates 130 container vessels primarily in trade between the northern and southern hemispheres. Oetker Group is a family-owned German conglomerate involved in shipping, banking, food and beverages. "Giving up our engagement in shipping after an 80 year-long...

  • COPENHAGEN, Denmark— Danish conglomerate A.P. Moller-Maersk A/S says it has acquired a German container shipping company that is ranked as the world's seventh largest container line. Maersk CEO Soeren Skou said Thursday the acquisition was "a new milestone" in the history of its core shipping business, Maersk Line, adding that the German line was "a very well-run...

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