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Business Transportation

  • CHICAGO, Nov 1- Ratings agency Moody's on Tuesday raised its outlook for the North American railroad industry, citing the possibility of rising revenue as freight volumes stabilize. Moody's said it expected revenue for the railroads to be flat to up 2.5 percent over the next 12 to 18 months as they regain some pricing power following freight declines led by coal...

  • LONDON, Nov 1- European oil traders rushed on Tuesday to book vessels to carry gasoline to consumers on the U.S. East Coast left stranded without their main domestic supply source, more than quadrupling shipping costs, traders and ship brokers told Reuters. But by noon on Tuesday, some 14 ships had been provisionally booked to sail from Europe to the region, raising...

  • In this frame from video, emergency personnel work at the scene of a fatal school bus and a commuter bus crash in Baltimore, Tuesday, Nov. 1, 2016.

    In a tweet, police said six fatalities occurred after a school bus and a commuter bus crashed in southwest Baltimore.

  • *Estimates 2017 capex of C $880 mln- C $900 mln. *Q3 profit C $0.97 vs est C $0.94. Nov 1- WestJet Airlines Ltd, Canada's second-largest carrier, reported a better-than-expected quarterly profit as it flew more passengers and expenses fell, and said it expects revenue per available seat mile to turn positive in the first quarter.

  • Nov 1- WestJet Airlines Ltd reported a better-than-expected quarterly profit as it flew more passengers and expenses fell. The company's fuel expenses, typically an airline's largest variable cost, declined 0.3 percent in the quarter ended Sept. 30. WestJet's net earnings rose to C $116 million, or 97 Canadian cents per share, in the third quarter ended Sept. 30,...

  • China showed its Chengdu J-20 stealth fighter in public for the first time on Tuesday.

  • Southeastern Pennsylvania Transportation Authority buses sit out of service at the Oregon Avenue Depot SEPTA facility in Philadelphia.

    A union representing about 4,700 transit workers in Philadelphia went on strike early Tuesday after failing to reach a contract agreement, USA Today reports.

  • No-one's panicking post-Brexit

    Colin Stanbridge, CEO at the London Chamber of Commerce, discusses how the U.K.'s capital can survive Brexit, saying that investment in infrastructure is needed.

  • Mad Money 3

    Jim Cramer spoke to Arconic CEO Klaus Kleinfeld about the company's split from Alcoa, innovation and outlook.

  • The airline expects new labor deals- including one that pilots have yet to ratify- will raise its unit costs excluding fuel and other items by about 3.5 percent in the fourth quarter from a year ago, Chief Financial Officer Tammy Romo told analysts on a call last week. On Thursday, the airline raised U.S. domestic fares by $5- an effort welcomed by JPMorgan analyst...

  • Oct 31- U.S. budget airline Southwest Airlines Co said on Monday that its flight attendants union voted to ratify a tentative agreement that the parties had reached in September. Southwest Airlines said the new contract would become amendable on Nov. 1, 2018. Southwest Airlines' shares were up about 2 percent at their session highs in late afternoon trading on...

  • LAGOS, Oct 31- Nigeria's largest airline Arik Air plans to nearly double its fleet to 52 planes within 10 years and has already ordered some of them from Boeing, a source at the company said on Monday. Privately owned Arik Air needs more planes as it aims to add international routes and increase services, including daily flights to New York, to offset a slowdown at...

  • TOKYO, Oct 31- Japan's top three shippers said they will integrate their container shipping operations to create the world's sixth-largest fleet, joining a growing trend of consolidation in an industry battling its worst-ever downturn. Overcapacity and anaemic economic growth globally have left hundreds of ships idle in the industry's worst slump since...

  • TOKYO, Oct 31- Japan's Nikkei fell on Monday as heightened uncertainty over the U.S. presidential election kept investors on edge, but shares of major shipping firms jumped after news that they will merge their container shipping businesses. Federal Reserve policy review on Wednesday and U.S. jobs data on Friday, ahead of the Nov. 8 presidential election which...

  • TOKYO, Oct 31- Japan's top three shippers on Monday said they will integrate their container shipping operations to create the world's sixth-largest player, joining a growing trend of consolidation in an industry battling its worst-ever downturn. Overcapacity and anemic economic growth globally have left hundreds of ships idle in the industry's worst...

  • TOKYO, Oct 31- Japan's top three shippers on Monday said they will integrate their container shipping operations to create the world's sixth-largest player, joining a growing trend of consolidation in an industry battling its worst-ever downturn. Overcapacity and anemic economic growth globally have left hundreds of ships idle in the industry's worst...

  • *Japan's 3 major shippers jump about 10 pct on M&A news. TOKYO, Oct 31- Japanese stocks fell on Monday as heightened uncertainty over the U.S. presidential election kept investors on edge, while Japan's three major shippers jumped after news that they will merge their container shipping businesses. U.S. shares fell and the dollar dropped on Friday on news that the...

  • TOKYO, Oct 31- Japanese shippers Nippon Yusen KK, Mitsui OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd said on Monday they will merge container shipping operations as overcapacity and weak economic growth shake up the global industry. Overcapacity and anemic economic growth globally has left hundreds of ships idle in the industry's worst downturn since its...

  • This start-up wants to crowdsource your deliveries

    Wayne Wang, CEO at Go People, talks about how his crowdsourcing platform helps to simplify the point-to-point delivery process.

  • District Judge Colleen Kollar-Kotelly said she could "reasonably infer the existence of a conspiracy" among American Airlines Group Inc, Delta Air Lines Inc, Southwest Airlines Co and United Continental Holdings Inc to fix prices. Kollar-Kotelly, who sits in Washington, D.C., did not rule on the merits of the proposed class-action case, which combines 105...

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