Business Transportation

More

  • LOS ANGELES, March 31- Volvo's North American CEO, Lex Kerssemakers, lost his cool as the automaker's semi-autonomous prototype sporadically refused to drive itself during a press event at the Los Angeles Auto Show. Kerssemakers griped to Mayor Eric Garcetti, who was at the wheel. " Poor markings and uneven signage on the 3 million miles of paved roads in the United...

  • Lockheed lands cargo airship deal

    CNBC's Jane Wells reports that Straightline Aviation and Lockheed Martin have inked a $480 million deal for 12 of Lockheed's hybrid airships.

  • Uber board member: Uber works everywhere

    David Plouffe, Chief Advisor & Member of Board of Directors for Uber, discusses the car hailing app's push into the Middle East as well as his outlook on the company's global growth.

  • Lockheed Martin's new LMH1 airship to hit the market in late 2018.

    Lockheed Martin has landed its first contract for the hybrid airship it created at its top secret Skunk Works with U.K.-based Straightline Aviation.

  • Lockheed Martin strikes $480M deal to sell airships

    Straightline Aviation signs a letter of intent to buy a dozen of the company's helium-filled airships.

  • NEW DELHI, March 30- Embattled Indian tycoon Vijay Mallya has proposed to repay 40 billion rupees, less than half of what his defunct Kingfisher Airlines owes to creditor banks who have approached the nation's highest court to recover their dues. Mallya, who left India on March 2 and whose exact whereabouts since then are not known, made the offer on Wednesday to...

  • MOSCOW, March 30- When Vladimir Putin announced the withdrawal of most of Russia's military contingent from Syria there was an expectation that the Yauza, a Russian naval icebreaker and one of the mission's main supply vessels, would return home to its Arctic Ocean port. Instead, three days after Putin's March 14 declaration, the Yauza, part of the "Syrian Express",...

  • MOSCOW, March 30- When Vladimir Putin announced the withdrawal of most of Russia's military contingent from Syria there was an expectation that the Yauza, a Russian naval icebreaker and one of the mission's main supply vessels, would return home to its Arctic Ocean port. Instead, three days after Putin's March 14 declaration, the Yauza, part of the "Syrian Express",...

  • The planemaker will reduce 1,600 positions through voluntary layoffs, while the rest are expected to be done by leaving open positions unfilled.

  • WASHINGTON, March 30- Headlights on a third of U.S. midsize car models do a poor job, and only one, the Toyota Prius v, performed well enough with an optional upgrade to earn a good rating from the Insurance Institute for Highway Safety in results released on Wednesday. While they currently meet U.S. government standards, better headlights could reduce U.S. accident...

  • PANAMA CITY, March 29- Panamanian economic growth accelerated in January compared with the previous month, data from the national statistics office showed on Tuesday. The Central American nation's economy has been cooling as $15 billion of infrastructure investment, mainly for the expansion of the Panama Canal, reaches its conclusion.

  • WASHINGTON, March 29- Near-universal adoption of self-driving cars in the United States is likely by around 2055 and poses a long-term threat to auto insurance companies, Moody's Investors Service said in a research report released Tuesday. The report forecasts that fully autonomous or driverless cars could be a common option on U.S. vehicles by about 2030...

  • SANTIAGO, March 29- Boeing Co projected on Tuesday that Latin American airlines will need 3,050 new planes worth some $350 billion over the next two decades, as economic growth accelerates in the region. Sixty percent of Latin America's existing commercial fleet will be replaced in the next 20 years, with the overall fleet size tripling during that time, Boeing...

  • Uber making cuts and hiring Googlers

    The ride-hailing company's policy boss may be cutting the existing team to make way for former Google employees.

  • EgyptAir hijacker arrested, passengers safe: Police

    CNBC's Nancy Hulgrave reports the latest after an EgyptAir plane was hijacked.

  • A user scans for an available vehicle using the Uber's app on a smartphone in London.

    An Uber passenger was taken on a 20 mile detour around London and was charged over £100 ($142.82) for the journey, the MailOnline reported.

  • NAIROBI, March 29- Kenya has scrapped plans for a new terminal building at Nairobi's main airport due to financial pressures and excess capacity caused by recent upgrades to existing facilities, the Kenya Airports Authority said on Tuesday. President Uhuru Kenyatta launched the $650 million terminal project for Jomo Kenyatta International Airport in...

  • Hailo vs Uber

    Toby Coppel, co-founder and partner of Mosaic Ventures, says Uber pursued a different strategy to taxi app Hailo.

  • NAIROBI, March 29- Kenya has invited bids for an adviser to help identify an operator for its new standard gauge railway network, a massive infrastructure project aimed at boosting trade and cutting transport costs across East Africa. The $13.8 billion rail project, which began in December 2014, will eventually link Kenya's Indian Ocean port of Mombasa to the...

  • How to make money from the Uber effect

    Neil Campling, global TMT analyst at Aviate Global, talks about the possible proxies available to investors looking to profit from the Uber effect.

Contact Transportation

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.