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Business Transportation


  • Your food is on its way, Barcelona Thursday, 19 Feb 2015 | 2:50 PM ET
    UberEATS app

    Uber launched a food-delivery service, UberEATS, in Barcelona on Wednesday.

  • What serious problem rhymes with orange? Thursday, 19 Feb 2015 | 1:27 PM ET
    Oranges hang from trees at an orange grove in Winter Garden, Florida.

    A cold snap in Florida may threaten next year's citrus crop, and California growers are fighting for their future.

  • DUBAI/ NEW YORK, Feb 19- An increasingly bitter trade row between U.S. and Gulf airlines deepened on Thursday when Dubai's Emirates rejected a Delta Air Lines apology for remarks perceived as linking Gulf carriers with the Sept. 11 attacks on the United States in 2001.. Asked about those counter-claims on CNN this week, Delta CEO Richard Anderson said: "It's a great...

  • Baltic index rebounds slightly from record low Thursday, 19 Feb 2015 | 10:20 AM ET

    Feb 19- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged up slightly on Thursday on higher rates for panamaxes and smaller vessels. Average daily earnings for panamaxes were up $17 to $4,127. Average daily earnings for capesizes, which typically transport 150,000 tonne cargoes such as iron ore and...

  • Air France-KLM CFO on oil prices Thursday, 19 Feb 2015 | 4:55 AM ET
    Air France-KLM CFO on oil prices

    CNBC's Stephane Pedrazzi talks to Pierre-François Riolacci, CFO of Air France-KLM, about how the company cannot benefit fully from the low oil price.

  • Centrica, oil stocks lead European shares lower Thursday, 19 Feb 2015 | 4:37 AM ET

    *Centrica falls 7.9 pct as oil slump prompts writedowns. LONDON, Feb 19- European stocks edged off seven-year highs on Thursday after some disappointing updates from utility Centrica and airline Air France-KLM and as a slide in crude prices hit oil shares. Shares in Britain's other large power providers- EDF, SSE, Centrica, E.ON, RWE npower- also fell.

  • LONDON, Feb 19- European shares edged off 7- year highs on Thursday, hit by a slide in oil prices and a mixed batch of corporate results, with disappointing updates from companies including utility Centrica and airline Air France-KLM. Centrica's shares fell 7.7 percent, on track for its biggest one-day drop since 2008, after slashing its dividend and reporting a...

  • PARIS, Feb 19- Air France-KLM is accelerating cost cuts and deferring debt-reduction goals as pressure on revenue and a weak euro threaten to dampen the benefits of lower oil prices this year. Although lower oil prices have boosted airline balance sheets, Air France-KLM expressed concern about currency swings and overcapacity in some long-haul markets.

  • LOS ANGELES, Feb 18- Two U.S. Cabinet secretaries joined congressional leaders, three governors and a big-city mayor on Wednesday in pushing shipping lines and the dockworkers' union to settle a contract dispute that has led to months of turmoil and cargo backups at 29 West Coast ports. Labor Secretary Tom Perez and Commerce Secretary Penny Pritzker weighed in...

  • LOS ANGELES, Feb 18- The U.S. labor secretary joined congressional leaders and three governors on Wednesday in pressing shipping lines and the dockworkers' union to settle a contract dispute that has led to months of turmoil clogging cargo traffic at 29 West Coast ports. Tom Perez, the labor secretary, was sent to San Francisco as an emissary of President Barack...

  • Why port dispute may spark more 'made in America' Wednesday, 18 Feb 2015 | 5:07 PM ET
    Port fight, retail bite

    A retail expert says that retailers will start planning ahead for similar scenarios by crafting contingency plans.

  • Road salt: The winter's $2.3 billion game changer Wednesday, 18 Feb 2015 | 1:49 PM ET
    A garbage truck which slid off a road in Gorham, Maine.

    The economics surrounding a certain commodity can be a game changer for city officials in the snow belt. And it's sitting on your dinner table.

  • NEW YORK, Feb 18- New York City and New York state sued United Parcel Service Inc. on Wednesday, seeking over $180 million in damages and penalties against the shipping company for allegedly delivering nearly 700,000 cartons of untaxed cigarettes across the state. The lawsuit, filed in U.S. District Court in Manhattan, accuses UPS of cheating the state and city of...

  • Peugeot CEO: Want better French growth Wednesday, 18 Feb 2015 | 11:15 AM ET
    Peugeot CEO: Want better French growth

    Carlos Tavares, CEO of Peugeot, talks about Russia and how it and the French economic reforms impact his business.

  • Weak vessel demand keeps Baltic index at record lows Wednesday, 18 Feb 2015 | 10:57 AM ET

    Feb 18- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, hit another record low on Wednesday as demand for vessels fell ahead of the Lunar New Year holiday. Average daily earnings for capesizes, which typically transport 150,000 tonne cargoes such as iron ore and coal, decreased $274 to $5,447.

  • Feb 18- Virgin America Inc on Thursday reported a lower-than-expected quarterly profit but forecast unit revenue for the current period in line with its industry peers, and its shares rose more than 6 percent. The low-cost carrier said fourth-quarter net income fell to $3.87 million, or 16 cents per share, from $14.2 million, or $4.57 a share, a year earlier.

  • Here's what US port dispute could cost the economy Wednesday, 18 Feb 2015 | 9:32 AM ET
    A container ship is docked at the ports of Los Angeles and Long Beach, Calif., in this aerial photo taken Feb. 6, 2015.

    A total shutdown of West Coast ports could cost the U.S. economy about $2 billion a day, Jay Timmons tells CNBC.

  • Barclays' top auto stock picks Wednesday, 18 Feb 2015 | 4:50 AM ET
    Barclays' top auto stock picks

    Kristina Church, analyst at Barclays, discusses current trades in the auto sector, looking particularly at Renault, Peugeot and Volkswagen.

  • Is Japan Post overpaying for Toll? Wednesday, 18 Feb 2015 | 12:02 AM ET
    Customer Katsumi Amano withdraws money from his bank account at a Japan Post Co. branch in Hachioji, Japan, on Tuesday, April 15, 2014.

    Japan Post is shelling out a nearly 50 percent premium to buy Australian freight player Toll, spurring concerns the Japanese behemoth may be overpaying.

  • Labor Secretary Tom Perez met contract negotiators for shipping companies and the dockworkers' union in San Francisco on Tuesday, urging them to settle a dispute that has led to months of clogged cargo traffic and other disruptions at West Coast ports. Perez was sent to California by President Barack Obama, who has come under mounting pressure to intervene in...

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