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  • DETROIT— The National Wildlife Federation accused the U.S. Transportation Department on Tuesday of not enforcing a federal law that requires pipeline owners and operators to establish safety response plans for worst-case oil spills in lakes, rivers and other waterways. While the pipelines that spurred the group's action are two side-by-side conduits...

  • New York Gov. Cuomo announces new LaGuardia Airport Tuesday, 28 Jul 2015 | 10:29 AM ET

    NEW YORK— A year after comparing New York's LaGuardia Airport to "some Third World Country," Vice President Joe Biden helped unveil an ambitious plan Monday to rebuild its collection of aging terminals into a modern, unified hub while easing congestion by doubling the space available for planes to operate. "I wish everything I said that was truthful but...

  • Dubai launches expansion of Mideast's biggest port Tuesday, 28 Jul 2015 | 10:11 AM ET

    DUBAI, United Arab Emirates— The Middle East's biggest sea port is growing. Dubai port operator DP World said on Tuesday it is beginning a $1.6 billion expansion of the Gulf commercial hub's sprawling Jebel Ali port. Jebel Ali is the centerpiece of government-backed DP World's network of more than 65 marine terminals around the world.

  • Shares in Atlanta- based United Parcel Service Inc rose more than 2 percent. Like main rival FedEx Corp, UPS is often seen as a bellwether of U.S. economic health. When reporting quarterly results in June, Memphis- based FedEx said lower fuel surcharges had cut into revenue.

  • UPS earnings top expectations on improved margins Tuesday, 28 Jul 2015 | 9:31 AM ET
    UPS trucks at the UPS Worldport facility in Louisville, Kentucky.

    UPS delivered quarterly earnings that surpassed analysts' expectations on Tuesday, as improved margins offset a slight drop in revenue.

  • CHICAGO, July 28- Package delivery company United Parcel Service Inc on Tuesday reported higher second-quarter net profit as improved margins offset a drop in revenue. When main rival FedEx Corp reported quarterly results in June, the Memphis- based company said lower fuel surcharges had cut into revenue. UPS reported second-quarter net income of $1.23...

  • The package-delivery company earned $1.23 billion, or $1.35 per share, for the three months ended June 30. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share. Six analysts surveyed by Zacks expected higher revenue of $14.49 billion.

  • BEIJING, July 28- Air China Ltd said on Tuesday it aims to raise up to 12 billion yuan in a private placement of A-shares to help fund the purchase of 15 Boeing planes and upgrade its direct sales service. The new B787 Dreamliners, worth 24 billion yuan in list prices, will fly long-haul routes to North America and Europe, Air China said in a stock exchange filing.

  • July 28- Canada's WestJet Airlines Ltd reported a 19 percent rise in quarterly profit, helped by lower fuel costs and addition of new routes. The company's net earnings rose to C $61.6 million, or 49 Canadian cents per share, in the quarter ended June 30 from C $51.8 million, or 40 Canadian cents per share, a year earlier. Calgary- based WestJet shares closed at C $22.67...

  • BEIJING/ SHANGHAI, July 28- China Eastern Airlines plans to work with new investor Delta Air Lines to expand its global footprint beyond China-U.S. routes, an executive from the Shanghai- based carrier said. While the airlines will deepen their ties on trans-Pacific routes, there is scope to work in other regions such as Europe, James Wang, China Eastern's board...

  • Canadian airline WestJet's profit rises 19 pct Tuesday, 28 Jul 2015 | 6:39 AM ET

    July 28- Canada's WestJet Airlines Ltd reported a 19 percent rise in quarterly profit, helped by lower fuel costs and addition of new routes. The airline's net earnings rose to C $61.6 million, or 49 Canadian cents per share, in the second quarter ended June 30 from C $51.8 million, or 40 Canadian cents per share, a year earlier. Revenue rose 1.3 percent to C $942 million.

  • KUALA LUMPUR, Malaysia— Long-haul budget carrier AirAsia X said Tuesday it expects to return to operational profit by the end of the year and is open to foreign investment. AirAsia X has suffered losses in the past two years and its share price has plunged to near record lows at around 0.20 ringgit, far below its IPO price of 1.25 ringgit. Malaysia- based AirAsia X has...

  • How to cash in on airport overhauls: Expert Monday, 27 Jul 2015 | 4:26 PM ET
    A departure terminal at Frankfurt Airport, operated by Fraport AG.

    LaGuardia is publicly owned, but investors can buy shares of firms that manage transportation hubs abroad, a fund manager said.

  • Swift Transportation meets 2Q profit forecasts Monday, 27 Jul 2015 | 4:07 PM ET

    PHOENIX _ Swift Transportation Co. on Monday reported second-quarter profit of $51 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of 37 cents per share. Swift Transportation shares have declined 25 percent since the beginning of the year.

  • Savannah port moves a record 3.6M cargo containers Monday, 27 Jul 2015 | 1:55 PM ET

    SAVANNAH, Ga.— Buoyed in part by labor woes on the West Coast, the booming seaports in Savannah and Brunswick saw another fiscal year of record-smashing amounts of cargo moving across their docks, the Georgia Ports Authority reported Monday. Savannah benefited this past year from a labor dispute that was blamed for slowdowns at West Coast ports such as Los...

  • NEWARK, N.J.— Don't count Chris Christie out. Cory Booker, who said he believes New Jersey's Republican governor is the "most underestimated" presidential candidate in the crowded 2016 GOP field. "I think he's one of the more talented political people that are out there today," said Booker, speaking at a lunch event held by the news organization Politico in Newark.

  • SAO PAULO, July 27- Brazil's second biggest airline, Gol Linhas Aereas SA, announced on Monday it was cutting the frequency of flights and expected prices to recover, spurring the second-biggest daily jump for its shares this year. Gol shares, which slipped 2 percent in opening trade, surged as much as 14 percent after the comments from Lopes, before settling to a 9...

  • Republic stock plunges on possible flight disruptions Monday, 27 Jul 2015 | 12:21 PM ET

    At American Airlines, which also owns US Airways, spokesman Casey Norton said the airlines use 10 regional carriers and were working with Republic on "minor schedule adjustments" to reduce impact on passengers. The company's negotiations with the Teamsters, which represents its 2,100 pilots, are at a standoff despite the use of a federal mediator.

  • Delta Air to buy stake in China Eastern Airlines Monday, 27 Jul 2015 | 10:45 AM ET

    NEW YORK— Delta said it will pay $450 million to buy a stake in China Eastern Airlines as the Atlanta- based airline seeks to expand into China's fast-growing travel industry. And in April, Delta moved its operations in Shanghai's Pudong Airport to the same terminal as China Eastern and its subsidiary Shanghai Airlines. Shares of Delta Air Lines Inc. slipped 17...

  • Watch the scariest plane landing EVER Monday, 27 Jul 2015 | 9:33 AM ET
    KLM landing

    A Dutch storm violently rocked a plane as it approached for a landing, narrowly avoiding a crash on the runway.

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