×

Business Transportation

  • A Maersk Line container ship is unloaded and refueled at the Port of Los Angeles in San Pedro, Calif.

    Moller-Maersk Group, the world's largest shipping company by capacity, announced a slump in third-quarter profits on Wednesday due to low freight prices.

  • NEW YORK/ HOUSTON, Nov 2- Major airlines including Delta, United and American could face higher fuel costs if U.S. regulators allow Colonial Pipeline Co to stop shipping a dirtier blend of jet fuel by 2018.. The Colonial system carries most of the jet fuel that is delivered via pipeline to the East Coast and used by busy airports serving New York, Washington, D.C. and...

  • Nov 2- More travelers will fly on U.S. airlines around the Thanksgiving holiday this year than last, a trade group said on Wednesday. U.S. carriers are expected to fly 27.3 million passengers worldwide from Friday, Nov. 18, through Tuesday, Nov. 29, up 2.5 percent from a year earlier, Washington- based Airlines for America said. The Sunday after Thanksgiving will likely...

  • A Mitsui OSK Lines (MOL) container ship at a shipping terminal in Tokyo on Oct. 31, 2016. Japan's three biggest shippers agreed to spin off their container operations and merge them to create the world's sixth-largest box carrier as the global container-shipping industry continues to shrink.

    Shippers, long plagued by overcapacity, can only find temporary solace from the consolidation and government-led solutions currently afoot in Asia.

  • SAN FRANCISCO, Nov 1- Tesla Motors Inc said on Tuesday its $2.6 billion merger with SolarCity Corp would add over $500 million in cash to the electric carmaker's balance sheet over next three years, while contributing over $1 billion to revenue in 2017.. Shares of Tesla edged higher in after-hours trade after tumbling in afternoon trade to close at $197.73.

  • Say goodbye to the Nissan Tsuru in Mexico

    Nissan will “cease production” after a zero-star crash test hosted by The Insurance Institute for Highway Safety (IIHS), Global NCAP and Latin NCAP.

  • SAN FRANCISCO, Nov 1- Shares of Tesla Motors Inc and SolarCity Corp tumbled on Tuesday ahead of expected financial details from the electric carmaker on a pending $2.6 billion merger that has been met with widespread investor skepticism. Shares of Tesla were down 4.1 percent in afternoon trading to $189.60 and shares of solar panel installer SolarCity were...

  • 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...

  • 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...

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.