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Business Transportation


  • 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...

  • Stuck waiting: Ground delays at US airports rise Monday, 23 Nov 2015 | 10:54 AM ET
    United Airlines planes sit on the tarmac at San Francisco International Airport on July 8, 2015 in San Francisco, California. Thousands of United Airlines passengers around the world were grounded Wednesday due to a computer glitch.

    For passengers, the rise in ground delays adds to the frustrations of travel. A plane might land early but then sit waiting.

  • 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.

  • BERLIN— Germany's largest airline, Lufthansa, is facing another strike this week in an ongoing labor dispute with flight attendants. The cabin crew union UFO said Monday that it would walk out Thursday, Friday and also Monday as it presses its demands, the dpa news agency reported. The contract dispute comes as Lufthansa is trying to cut costs amid rising...

  • NEW YORK— On a recent morning, Delta Air Lines Flight 435 pushed back early from the gate at New York's John F. Kennedy International Airport. According to an Associated Press analysis, airplanes spent 23 minutes and 32 seconds, on average, taxiing between gates and runways during the first nine months of the year. That's the longest it has been since the Bureau of...

  • The Port Authority was the right agency because of its strength in engineering and project management. " Top Port Authority officials said this week they are confident they can oversee the construction of the tunnel, part of what's being called the Gateway project, even as other large projects face delays and overruns and as the agency remains a focus of...

  • BEIRUT— Russia has wrapped up military drills that disrupted air traffic in and out of Beirut, allowing flights to resume on their normal routes, Lebanon's transportation minister said Sunday. The state-run National News Agency quoted the minister, Ghazi Zeaiter, as saying that Russia informed Lebanon that the aerial exercises over the Mediterranean were...

  • TOOELE, Utah— Utah is test-driving new technology that could improve safety and fuel efficiency for big-rig truckers. The tests were done in Tooele County with two semitrailers on I-80. The new technology monitors travel and operational data that can reduce driver reaction time and lower fuel costs, the Deseret News reported.

  • 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...

  • PHILADELPHIA— A Philadelphia man says he is humiliated and upset after he was briefly stopped from boarding a flight from Chicago when another passenger overheard him speak Arabic, making him uncomfortable. Pizza shop owner Maher Khalil emigrated from Palestine 15 years ago. Khalil said he was chatting with a friend while waiting to board a Southwest...

  • 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...

  • DAYTON, Ohio— Allegiant Air will start nonstop service from the Dayton International Airport to two Florida airports next year. The arrival of Allegiant helps fill a gap left after last month's announcement by Southwest Airlines that it would be discontinuing nonstop flights from the Dayton airport to Florida in April. Allegiant is part of Allegiant Travel...

  • NEW YORK— Heading into winter, fliers should take extra precautions with their checked luggage— December and January are traditionally the worst months for lost bags. In the U.S. during the first nine months of this year, 3.3 bags for every 1,000 passengers didn't make it to their destination on time, according to the Bureau of Transportation Statistics.

  • Taxi firms AND riders may actually like this app Thursday, 19 Nov 2015 | 9:47 PM ET

    Karhoo is new entrant to ride-hailing apps space that incumbent taxi firms and limousine services may actually want to get behind.

  • How safe is it to drive a 3D-printed car? Thursday, 19 Nov 2015 | 5:48 PM ET
    How safe is it to drive a 3D-printed car?

    John B. Rogers, CEO and co-founder of Local Motors, talks to CNBC about the materials used in 3D-printed vehicles that increase the safety profile of the car.

  • HOUSTON, Nov 19- Big oil suppliers have started requiring prepayment when selling cargoes of crude and refined products to Venezuela's PDVSA, in an effort to limit potential risks from the state-run company's well-known cashflow woes, five sources from firms involved in the deals told Reuters. Statoil, Royal Dutch Shell and France's Total, among others, have...

  • Airbus A380 upgrade may come later than 2022: CEO Thursday, 19 Nov 2015 | 4:53 PM ET

    Nov 19- Airbus believes introducing a sales-boosting upgrade to its A380 aircraft in 2022 may be too early, Chief Executive Fabrice Bregier said at an industry gathering in New York on Thursday. The planemaking unit of Airbus Group SE is looking at whether to upgrade the A380, the world's largest passenger jet, as requested by its largest customer Emirates.

  • Air France cancellations rise in wake of attacks: CEO Thursday, 19 Nov 2015 | 2:10 PM ET
    Air France cancellations rise in wake of attacks: CEO

    Air France-KLM CEO Alexandre De Juniac addresses the impact of the Paris terror attacks on travel and business in Europe.

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