Business Transportation


  • Man fastening seatbelt on airplane

    A new survey of airline passengers finds a quarter of all passengers who are over 200 pounds are based in North America.

  • BANGKOK, Jan 20- Thai Airways International Pcl plans to postpone taking delivery of 14 planes for three years to reduce operating costs as the national airline restructures, it said on Wednesday. Thai Airways is one of several money-losing state-controlled firms ordered to improve efficiency and transparency by the military government which took power in...

  • The long-awaited TTIP deal between the European Union and the U.S. would be a boon for the global economy, the head of Deutsche Post has said.

  • Containers are transported at a port in Lianyungang, eastern China's Jiangsu province on January 19, 2016.

    Some economists sought out believable data points in Chinese reports, but others relied on external metrics for their GDP assessments.

  • LONDON, Jan 19- Italy's RINA expects to start verifying safety and environmental standards for Iranian ships including oil tankers in a matter of weeks, the classification society said, stealing a lead on rivals as business interest in Iran heats up. RINA said it had signed an agreement this week with Iran's Asia Classification Society, enabling the Genoa-...


  • LONDON, Jan 19- Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players unwilling to pick up cargoes as quickly as Tehran has wanted. A nuclear deal between world powers- known as the P5 +1- and Iran led to the removal on Saturday of international oil export...

  • Average daily earnings for capesize vessels decreased by $68 to a new record low of $2,662. Capesizes typically transport 150,000- tonne cargoes such as iron ore and coal and have been particularly affected by a fall-off in coal and iron ore demand in China. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to...

  • Delta, the third-largest U.S. airline by capacity, said its adjusted profit in the fourth quarter grew 43 percent to $926 million, or $1.18 per diluted share. Analysts on average estimated Delta would earn about $928 million, or $1.19 per diluted share, according to Thomson Reuters I/B/E/S. It has a limited number of flights to Dallas and Chicago, where competition...

  • The Atlanta- based airline earned $980 million in the fourth quarter. On an adjusted basis, it grew profit by 43 percent to $926 million, or $1.18 per diluted share. Analysts on average estimated Delta would earn about $928 million, or $1.19 per diluted share, according to Thomson Reuters I/B/E/S.

  • Workers clean the facade of a Volkswagen dealership.

    Dozens of large shareholders in Volkswagen plan to sue the carmaker, seeking compensation for the plunge in its shares due to its emissions scandal.

  • LONDON/ HOUSTON, Jan 18- An agreement to build oil tankers in Iran for Venezuela has been left in limbo years after it was announced as Western sanctions plus disagreements over payments and delivery terms took their toll, sources familiar with the matter say. The deal was heralded in 2006 with much fanfare by Tehran and the socialist government of...

  • *Willie Walsh says A380 options too expensive. By Conor Humphries and Victoria Bryan. Willie Walsh also said his International Airlines Group was interested in leasing or buying more second-hand Boeing 777-300 ERs.

  • MUNICH, Jan 17- The European Union plans to take a harder look at whether the collection of vast troves of consumer data by big Internet companies violates competition rules, competition commissioner Margrethe Vestager said on Sunday. Since taking over as Europe's top antitrust enforcer in 2014, Vestager has stepped up investigations into U.S. web giants...

  • This picture taken in Tangerang on March 18, 2013 shows a Kuwait Airways plane preparing for landing over the Sukarno-Hatta airport in Tangerang.

    Kuwait Airways will stop its New York City-London flights to avoid transporting Israeli citizens between the cities, the New York Times reports.

  • Chinese dredging vessels are purportedly seen in the waters around Mischief Reef in the disputed Spratly Islands in the South China Sea in this still image from video taken by a P-8A Poseidon surveillance aircraft provided by the United States Navy May 21, 2015.

    China claims almost all of the South China Sea, through which more than $5 trillion of maritime trade passes each year.

  • The Uber driver asked his passenger to leave the vehicle before violence erupted.

    Benjamin Golden wants $5 million in damages because of claims a driver illegally recorded him.

  • DETROIT, Jan 15- As the auto industry battles to win public confidence after several massive recalls, a group of 18 major carmakers announced on Friday that they have agreed to a voluntary program with the U.S. government to improve auto safety. The program is not legally binding and critics have questioned why the National Highway Traffic Safety...

  • CHICAGO, Jan 15- Two cargoes of Argentine wheat were scheduled to arrive at port in Wilmington, North Carolina, shipping data showed on Friday, indicating a rare situation where U.S. buyers actually find it cheaper to purchase imported grain than abundant domestic supplies. Argentina's wheat prices tumbled last month after the country devalued its peso and...

  • A Uber driver in New York City.

    A study from New York City Mayor Bill de Blasio's office found Uber and competitors have not significantly added to city congestion.

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