Business Transportation

  • The company will rent its older cars to drivers working for the ride-hailing firms.

  • Garden State's great gas tax debate

    Jared Bernstein, CBPP senior fellow, and Grover Norquist, Americans for Tax Reform, debate a New Jersey proposal that calls for an increase in the state's gas tax.

  • *Many new airports built but idle as no flights. NEW DELHI, July 1- India will push to get 90 new airports up and running over the next 12 months, under a government plan to service smaller cities that have missed out on the country's air travel boom, officials said on Friday. Prime Minister Narendra Modi wants to accelerate growth in the world's fastest expanding...

  • *Daimler boosts multi-brand fleet by 250,000 to 340,000 vehicles. FRANKFURT/ AMSTERDAM, July 1- Daimler, the German maker of Mercedes cars, has struck a deal to buy Rabobank's Athlon car leasing arm for 1.1 billion euros to more than triple the size of its fleet management business. In 2011, BMW bought a similar sized leasing business from ING for 637 million euros,...

  • WASHINGTON, June 30- A fatal accident in which the driver of a Tesla Motors Inc Model S car operating in Autopilot mode was killed in a collision with a truck has prompted an investigation by federal highway safety regulators, the U.S. government and Tesla disclosed on Thursday. The National Highway Traffic Safety Administration said it is investigating 25,000...

  • WASHINGTON, June 30- A fatal accident in which the driver of a Tesla Motors Inc Model S operating in Autopilot mode was killed in a collision with a truck has prompted an investigation by federal highway safety regulators, the U.S. government and Tesla disclosed on Thursday. The accident that killed Joshua Brown on a clear, dry roadway on May 7 in Williston, Florida,...

  • SAN FRANCISCO/ DETROIT, June 30- Ride services company Lyft Inc is poised to take advantage of a surge of investor interest in the transportation service sector as it closes in on a possible sale of the company or new capital raise, people familiar with the situation said. Venture capitalists and corporate investors have poured nearly $28 billion into the ride...

  • June 30- The U.S. National Highway Traffic Safety Administration said on Thursday it is opening a preliminary investigation into 25,000 Tesla Motors Model S cars after a driver of one of the vehicles was killed using the Autopilot mode. The agency said the crash came in a 2015 Model S operating with automated driving systems engaged, and "calls for an examination...

  • June 30- The U.S. National Highway Traffic Safety Administration said on Thursday it is opening a preliminary investigation into 25,000 Tesla Motors Model S cars after a fatal crash involving a vehicle using the "Autopilot" mode. The agency said the crash came in a 2015 Model S operating with automated driving systems engaged, and "calls for an examination of the...

  • Hertz inks deal with Uber, Lyft

    CNBC's Phil LeBeau reports on a deal between Hertz, Uber and Lyft in which ride share drivers can rent vehicles long term.

  • ATLANTA, June 30- The United Kingdom's vote last week to exit the European Union should have little short-term impact on trade flows, as long as negotiations on the country's split with the trade bloc do not drag on too long, the top executive of UPS said on Thursday. Abney said that he believes the best opportunity for Congress to pass the Trans-Pacific...

  • WASHINGTON, June 30- U.S. auto safety regulators warned on Thursday that Takata air bag inflators on more than 300,000 unrepaired recalled Honda vehicles show a substantial risk of rupturing, and urged owners to stop driving the "unsafe" cars until they have been fixed. The U.S. National Highway Traffic Safety Administration cited new test data that shows some...

  • ATLANTA, June 30- United Parcel Service Inc has reached a tentative five-year agreement with its pilots' union after nearly five years of talks, the world's largest package delivery company said on Thursday. If ratified by a majority of UPS' 2,600 pilots, the new contract will take effect as of Sept. 1 this year. UPS said it would not release specific details of the...

  • Luxe app

    Now that Uber and Lyft are gone, more people in Austin are using a little-known service provided by Luxe. Recode reports.

  • FRANKFURT, June 30- BMW is set to announce an alliance to develop self-driving cars with collision detection specialist Mobileye and computer chip maker Intel, a source familiar with the matter said, as the race to put driverless cars on the road heats up. It will be attended by BMW Chief Executive Harald Krueger, Intel CEO Brian Krzanich and Mobileye Chairman and...

  • LONDON, June 30- Britain will not decide where to build a new runway at a London airport until at least October due to the political turmoil following Britons' vote to leave the European Union, Transport Minister Patrick McLoughlin said on Thursday. Heathrow, Britain and Europe's busiest airport, has been campaigning for 25 years to build an extra runway and a...

  • DECISION ON WHETHER TO BUILD NEW RUNWAY AT LONDON'S HEATHROW AIRPORT DELAYED- BBC.

  • BRASILIA, June 29- Brazil's interim government said on Wednesday it will veto an amendment to an aviation bill scrapping limits on foreign ownership of domestic airlines to save the rest of its air-transport legislation from Senate opposition. On Wednesday, the upper house approved the bill, but only after Brazil's interim-President Michel Temer promised...

  • MONTREAL, June 29- Canadian planemaker Bombardier Inc will soon get the certification of the larger of its CSeries jet family, a senior executive said on Wednesday, after delivering its first 110- seater CS100 plane, the smaller model, to customer Swiss International Airlines. Swiss International Chief Technical Officer Peter Wojahn said the carrier is well...

  • Members of the U.S. Army monitor the departures area at John F. Kennedy international Airport in New York, June 29, 2016.

    Officials are stepping up security at American airports, NBC News reported.

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