Business Transportation




  • LONDON, May 25- Shipping companies transporting coal, and iron ore and other commodities are urgently seeking ways to conserve cash and withstand the worst market downturn on record as too many ships chase shrinking business. The market mood deteriorates by the day, despite the recent improvement of the Baltic Index, "said Basil Karatzas, head of consultancy and...

  • *Potential deal valued at about $100 million- source. SINGAPORE/ LONDON, May 25- The Singapore Exchange is in exclusive talks to buy London's Baltic Exchange, which has been at the heart of the global shipping industry for centuries, the two companies said on Wednesday. "SGX has indicated that in the event its bid is successful, it would maintain the current model for...

  • Interior view of Becker JetVan.

    Hitch a ride aboard this luxury cargo van to experience how the super-rich commute. CNBC's Robert Frank takes a look.

  • HONOLULU— Dozens of Hawaiian Airlines pilots picketed Wednesday for a new collective bargaining agreement a week after voting to allow union representatives to call for a strike if necessary. Hawaiian Airlines said in a statement that the union is asking for a 52 percent increase in total compensation in the first year of the contract. The Air Line Pilots...

  • *Mass transit scheme was to cost $16.5 billion. DUBAI, May 25- A $16.5 billion mass transit project planned for Saudi Arabia's holy city of Mecca has been delayed so that its financing can be restructured, the head of the implementing body said on Wednesday. The Mecca plan includes building a metro rail system with 182 kilometers of track and 88 stations, according...

  • WASHINGTON— The Transportation Security Administration will add 768 new screeners by mid-June to deal with increasingly long airport security lines that have caused passengers to miss flights even before the busy summer travel season, the agency's chief told Congress on Wednesday. Most of the new screeners will be sent to the nation's busiest airports in...

  • QUITO, Ecuador— Ecuadorean President Rafael Correa said he will partially privatize a state-run airline as damage from last month's earthquake compounds hardships facing the oil-dependent economy. Downplaying speculation he may seek re-election next year, Correa said he'll spend his final year in office helping Ecuador rebuild from the powerful,...

  • —Use flexible-date searches available on many airline websites including those of United, Delta, Southwest and JetBlue. —Consider the budget carriers such as Spirit Airlines and Frontier Airlines. Flying overseas, check carriers like Norwegian Air Shuttle, Aer Lingus, Icelandair, Wow Air and XL Airways France.

  • DALLAS— Enjoy lower airfares while you can. Airlines are taking steps to push prices higher by next year. Not only is flying from Dallas to Denver cheap, but popular international vacation destinations like Europe are more affordable.

  • DUBLIN, May 24- Ireland's CityJet on Tuesday became the first western European airline to take delivery of the Russian-designed passenger jet that Vladimir Putin hopes will compete internationally with planes made by the likes of Brazil's Embraer and Canada's Bombardier. The first of 15 Sukhoi Superjet 100 aircraft leased by CityJet was delivered in...

  • A Delta Airlines jet arrives at Newark Liberty International Airport

    Apparent threats against planes disrupted travel at airports in Los Angeles and Houston on Tuesday.

  • TRAVERSE CITY, Mich.— A plan gaining support in Congress and backed by the cargo shipping industry would establish a nationwide policy for dumping ballast water into U.S. waterways that environmental groups say would open the door to more invasive species like zebra and quagga mussels, which have wreaked economic havoc from the Great Lakes to the West Coast.

  • NEW YORK— An engineer is operating trains along the nation's third-largest commuter railroad even though his driver's license has been suspended for 10 years because of a history of driving while intoxicated. New Jersey Transit engineer Thomas Broschart's license was suspended in 2007 for a decade, and he has someone pick him up from work because he isn't...

  • If it's good enough for Captain America, it's good enough for the Hyperloop.

    To make the Hyperloop safer, a developer has come up with a material whose namesake was used to make comic book hero Captain America's shield.

  • A rendering of a Hyperloop by Hyperloop Transportation Technologies

    Hyperloop Transportation Technologies has unveiled the material it will use to construct the project.

  • LISBON, Portugal— Riot police have held back striking Lisbon dock workers while port operators remove ship containers stranded for several weeks by the walkout over pay and labor rights. Dozens of striking stevedores gathered outside gates at Lisbon's port Tuesday and shouted at what they said were strike-breakers helping to load the containers on trucks.

  • Grab's expansion plans

    Grab Co-founder Tan Hooi Ling tells CNBC about the company's expansion into new businesses based on the original ride-hailing technology platform.

  • rench soldiers patrol past the EgyptAir Airlines flight ticket office at Charles de Gaulle airport, operated by Aeroports de Paris, in Roissy, France, on Thursday, May 19, 2016.

    The fact that no group has claimed responsibility for last week's EgyptAir crash could mean it was a catastrophic accident. It could also mean something scarier for airlines and travelers.

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