Business Transportation



  • BRUSSELS, April 6- Thwarted in its bid to acquire Dutch peer TNT three years ago, U.S. package delivery company UPS took its case to court on Wednesday, asking judges to overturn the EU veto because of "manifest errors" made by antitrust regulators. But the takeover was blocked by the European Commission because it said UPS had not offered sufficient concessions to...

  • SINGAPORE/ BEIJING, April 6- China has granted export quotas of more than 14 million tonnes of fuel to refiners, down from nearly 21 million tonnes in the first batch of the year but including naphtha despite a domestic shortage, a trade source familiar with the matter said. China had bombarded Asia with nearly 880,000 tonnes of gasoline in December 2015, the...

  • Gulfstream G550 and G650 jets

    Unsteady headwinds in the business-jet market rattles of some investors.

  • BERLIN, April 6- and Microsoft are in talks about taking a minority stake in HERE, a digital mapping business controlled by Germany's luxury carmakers to help develop self-driving cars, Daimler said on Wednesday. Germany's luxury carmakers including Daimler's Mercedes, Volkswagen's Audi division and BMW bought HERE for 2.5 billion euros from...

  • SANTIAGO/ WINNIPEG, April 6- As slumping metals prices force miners to scale back production, the scramble by some to sell idled equipment at a discount is producing bargains for healthier players. Mantos Copper, a unit of investment firm Audley Capital, which bought two Chilean copper mines last year from Anglo American, is among those reaping the benefits.

  • NEW YORK, April 6- Big airlines are making waves in the oil market for the first time since prices went into a tailspin nearly two years ago, betting this may be their best chance to lock in cheap jet fuel for years to come, industry and market sources say. Big oil consumers are coming around to the idea that "we're not going to see too many more legs down" in prices, said...

  • Pro: Dow Transports is biggest concern

    Tim Anderson, Managing Director at TJM Investments, talks about what to watch in the last half hour of trading.

  • PARIS, April 5- The chief executive of Air France-KLM, Alexandre de Juniac, is stepping down to run the airline industry's main trade group, the International Air Transport Association, it was announced on Tuesday. Air France-KLM said it would appoint head-hunters to find a replacement, adding that de Juniac would take up his new post in Geneva by August 1 at the...

  • *Shipping contributes $14 bln annually to UK economy. *Over 40 percent of shipping via UK terminals is with EU. "No one has left the European Union before, and the EU may seek to' punish' the UK for leaving, in order to discourage others from leaving too.

  • Pothole

    Potholes are plentiful again this spring. Money to fix them is harder to come by.

  • Alaska Airlines takeover of Virgin America

    Alaska Airlines wants to emerge from the deal as a serious domestic player, explains Jonathan Galaviz from Global Market Advisors.

  • April 4- United Airlines and the International Association of Machinists& Aerospace Workers reached tentative agreements on new contracts for nearly 30,000 IAM-represented employees. The seven agreements, which run through 2021, call for nearly 30 percent in pay increases over the term of the deal and $100 million in lump sum payments, the IAM said.

  • PARIS/ BERLIN, April 4- Air France said it would allow female cabin crew and pilots to opt out of flying routes to Tehran after some staff said they did not want to be forced to cover their hair when in Iran. Air France, part of the Franco-Dutch group Air France-KLM, is preparing to restart flights to Tehran from April 17 after an eight-year hiatus due to sanctions.


  • Air France crew angry over headscarves rule

    The carrier is asking female crew members to put on a 'loose-fitting jacket and headscarf' once landing in Iran.

  • Alaska Air to buy Virgin America for $57 per share

    David Cush, Virgin America CEO, and Brad Tilden, Alaska Air CEO, discuss terms of the $2.6 billion deal which combined would become America's fifth-largest airline.

  • Airline complaints soar despite better performance

    Air passengers filed more than 15,000 complaints with the Transportation Department last year.

  • SEATTLE, April 2- Jeff Bezos' space transportation company Blue Origin successfully launched and landed for the third time a suborbital rocket capable of carrying six passengers, taking another step on its path in developing reusable boosters, the company said on Saturday. The New Shepard rocket and capsule blasted off from a launch site in West Texas on...

  • SANTIAGO, April 1- International airlines and airplane manufacturers are taking steps to increase their presence in Argentina, as a new business-friendly government heralds change for the market, executives said at the FIDAE air show in neighboring Chile. The domestic Argentine air travel market has been dominated in recent years by two carriers- state-run...

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