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Business Transportation


  • Uber raises $1.6 billion for expansion Wednesday, 21 Jan 2015 | 3:54 PM ET
    Uber app on a mobile phone

    Uber is setting its sights on further economic expansion after raising $1.6 billion in convertible debt.

  • Uber's 'amateur' taxi drivers Monday, 19 Jan 2015 | 11:40 AM ET
    Uber's 'amateur' taxi drivers

    With Uber eyeing a huge European expansion, Steve McNamara, general secretary of the Licensed Taxi Drivers Association, says he's convinced that the firm's operations in London are "not legal" and that Uber "employs a lot of amateurs, who want to be taxi drivers."

  • 174 biz groups to West Coast ports: Fix it, now! Friday, 16 Jan 2015 | 11:23 AM ET
    The Port of Los Angeles

    Groups representing agriculture, manufacturing, and retailers told the dockworkers' union and port terminal operators to get a contract done.

  • Musk to build Hyperloop track, likely in Texas Thursday, 15 Jan 2015 | 3:17 PM ET
    ET3 Hyperloop concept

    Elon Musk will build a test track for a high-speed Hyperloop transportation system, most likely in Texas, he tweeted on Thursday.

  • CSX profit up, expects double-digit growth in 2015 Wednesday, 14 Jan 2015 | 10:51 AM ET
    CSX freight lines run through center city Philadelphia

    CSX reported a higher profit and said it expected a strong increase in its freight business and double-digit earnings growth during 2015.

  • 'Suspicious' blaze, smoke hit NYC & DC subways Tuesday, 13 Jan 2015 | 8:33 AM ET
    Commuters board a Long Island Railroad train, Penn Station, New York City.

    An early morning fire near Penn Station is affecting subway service in the area.

  • West Coast ports near gridlock on stalled talks Tuesday, 13 Jan 2015 | 6:59 AM ET
    A shipping container is loaded onto a truck at the Port of Los Angeles in San Pedro, California.

    Cargo traffic at several of the biggest U.S. West Coast ports has slowed to near gridlock, as union contract talks union remain strained.

  • Airbus takes on China Tuesday, 13 Jan 2015 | 6:00 AM ET
    Airbus takes on China

    John Leahy, COO of Airbus, says he's not worried about a China slowdown and explains how his company plans to transport Chinese customers more efficiently between cities.

  • Airbus COO talks aircrafts Tuesday, 13 Jan 2015 | 6:00 AM ET
    Airbus COO talks aircrafts

    John Leahy, COO of Airbus, says the Airbus A350 is a "great aircraft" that's extremely fuel-efficient, and adds that he is "very proud" of the company's recent deals with Delta Airlines.

  • Airbus COO: Ensuring flight safety Tuesday, 13 Jan 2015 | 6:00 AM ET
    Airbus COO: Ensuring flight safety

    John Leahy, COO of Airbus, says his company does everything to ensure flight safety and describes plans to "eject the black box" if a plane is in trouble in order to find out what happened.

  • Airbus COO: Low oil price 'definitely' helps Tuesday, 13 Jan 2015 | 6:00 AM ET
    Airbus COO: Low oil price 'definitely' helps

    John Leahy, COO of Airbus, is optimistic on falling oil prices for the sector, saying it "definitely does help" the airline industry.

  • Why this start-up puts women behind cab wheels Monday, 12 Jan 2015 | 11:49 AM ET
    Nancy, driver for SheTaxis

    SheTaxis, a New York start-up, connects female cab drivers with female passengers.

  • Auto sales outlook for 2015 Monday, 12 Jan 2015 | 4:45 AM ET
    Auto sales outlook for 2015

    Arndt Ellinghorst, senior managing director and head of automotive research at ISI Group, says that short-term fluctuations in oil prices don't have much impact on demand for autos.

  • Mass evacuation after 150-car pileup in Michigan Friday, 9 Jan 2015 | 1:51 PM ET
    Semi with fireworks exploding on I 94 east of Galesburg Michigan.

    Michigan State Police have confirmed that at least one person was killed in a multiple vehicle pileup on I-94 near Galesburg, Michigan.

  • Uber cuts fares, guarantees earnings for drivers Friday, 9 Jan 2015 | 11:20 AM ET
    Uber app

    Uber says it will lower fares in 48 cities across the U.S. while guarantee earnings for drivers.

  • Check it out! The world's biggest ship Thursday, 8 Jan 2015 | 8:05 AM ET
    Freight containers sit on the deck of the CSCL Globe

    The world's largest container ship is making waves on its maiden voyage, as it arrives at the Port of Felixstowe in Suffolk, England.

  • Boeing deliveries hit record, Airbus wins on orders Wednesday, 7 Jan 2015 | 2:06 AM ET
    A Boeing ground test crew member examines a Boeing 787 Dreamliner.

    Boeing delivered 723 jetliners in 2014, hitting its own target, setting an industry record and besting rival Airbus Group.

  • Higher shipping rates and the Amazon effect Tuesday, 6 Jan 2015 | 1:01 PM ET
    Workers prepare to offload an incoming FedEx plane in Newark, New Jersey.

    FedEx and UPS rate hikes are in effect as fuel prices, a key cost for shippers, are at record lows. So what's driving the changes in shipping costs?

  • Now the feds are getting involved in ports dispute Tuesday, 6 Jan 2015 | 6:49 AM ET
    A shipping container is loaded onto a truck at the Port of Los Angeles in San Pedro, California.

    A federal mediator is getting involved in stalled contract talks between West Coast dockworkers and their employers.

  • This will shine in cheap oil environment: Gartman Monday, 5 Jan 2015 | 7:05 PM ET
    Dennis Gartman

    Companies that operate oil tankers have become more appealing amid the supply-driven drop in crude oil prices, Dennis Gartman said.

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