Business Transportation


  • MPA Grants 10% concession in port dues

    Containers and dry bulk are particularly suffering while tankers are faring slightly better, explains Esben Poulsson, president of the Singapore Shipping Association.

  • Its incoming president, Glen Hauenstein, cautioned during a conference call Thursday that the turnaround in passenger unit revenue would come a few months later in 2016 than previously forecast. However, Wall Street had been braced for worse. According to a recent survey by Wolfe Research analyst Hunter Keay, a third of airline investors polled believed Delta...

  • WASHINGTON, April 14- The U.S. government is bringing together top airline and auto company executives to discuss aviation industry practices such as safety data sharing that automakers could adapt to help reduce car accidents, a leading cause of death in America. The U.S. National Highway Traffic Safety Administration and Federal Aviation Administration...

  • The second most-traveled U.S. airline earned $946 million in the first quarter, buoyed by lower fuel costs. Excluding changes to fuel hedges that have yet to settle, profit nearly tripled to $1.03 billion, or $1.32 per diluted share. The closure of Brussels' main airport after the March 22 attacks also chopped $5 million off revenue, which in total declined 1.5...

  • More critics blaming TSA for missed flights

    American Airlines voices concerns, saying the agency isn't doing enough to make sure passengers make their flights.

  • CLEAR expanding security screening

    CNBC's Phil LeBeau reports security screening company CLEAR plans to expand its reach to include not just airports but stadiums as well.

  • *Kenya aims to cut budget deficit in 2016/ 17. NAIROBI, April 14- Kenya is seeking more private investment in state infrastructure to maintain the pace of spending on new railways and other vital assets while reducing the budget deficit, senior government officials said. Finance Minister Henry Rotich said the government had initiated several Public Private...

  • The Atlanta- based airline earned $946 million in the first quarter. On an adjusted basis, profit nearly tripled to $1.03 billion, or $1.32 per diluted share. Analysts on average estimated Delta would earn about $1 billion, or $1.30 per diluted share, according to Thomson Reuters I/B/E/S.


  • China's richest businessmen remain Asia's top owners of luxury aircraft: the greater China region had 466 private jets in 2015, according to consultancy Asia Sky Group, compared with 65 in 2007. Mainland China accounted for 300 of those. "The economy is weak and there are different political forces, as you know," said Bill Schultz, senior vice president of business...

  • April 13- Families of those killed on a Germanwings flight last year have sued a training unit of the airline's parent, Deutsche Lufthansa AG, in U.S. district court in Arizona for wrongful death, their law firm said on Wednesday. Kreindler& Kreindler LLP said it had filed a lawsuit on behalf of 80 families against Airline Training Center Arizona Inc, which...

  • Trading Nation: Trading the transports

    Boris Schlossberg of BK Asset Management and David Seaburg of Cowen & Co. discuss the transport sector with Melissa Lee.

  • NYC MetroCard

    The MTA hopes to completely replace MetroCards with smartphones or smart cards by 2020, NBC New York reports.

  • *Sources: Emirates paid much less than $865 mln list price. DUBAI/ PARIS, April 13- Dubai's Emirates emerged on Wednesday as the buyer of two new Airbus A380s, stepping in to add to its large fleet of superjumbos after the recent bankruptcy of a Japanese carrier. Airbus, which had been left holding onto the two mammoth planes after clashing with failed Japanese...

  • Norfolk Souther Rail and a CSX train sit at the Norfolk Southern Bellevue Terminal in Bellevue, Ohio.

    CSX says lower freight, particularly a 31 percent drop in coal volumes, hurt its first-quarter profit.

  • Plane technology takes off

    Airlines are soaring since increased demand and lower fuel prices. Aircastle CEO Ron Wainshal looks at the commercial aircraft leasing and selling industry.

  • Introducing the 'Textalyzer' to stop distracted driving

    Police in New York could soon be equipped with a device to find out if a driver involved in a crash was texting while driving.

  • BEIJING, April 13- China's crude oil imports rose nearly 22 percent on a daily basis in March from a year earlier, off a record-high in February, while imports for the first quarter grew over 13 percent from the same period in 2015, official data showed. Robust purchases from these so-called "teapot" plants have caused severe port congestion in eastern Shandong...

  • WASHINGTON, April 12- Three environmental groups filed a lawsuit against the Environmental Protection Agency on Tuesday to press for faster action in setting limits on greenhouse gas emissions from the U.S. aviation industry. Earthjustice, the Center for Biological Diversity and Friends of the Earth, filed the lawsuit to force the agency to complete its...

  • Tesla Model S redesigned and updated.

    After images of a 2017 Model S refresh leaked online, Tesla Motors confirmed forthcoming design and specification updates.

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