Business Transportation

  • GARIPCE, Turkey, Aug 26- Turkey opens one of the world's biggest suspension bridges on Friday, creating a new link between two continents with the latest megaproject in a $200 billion building spree that President Tayyip Erdogan hopes will secure his place in history. The bridge across the Bosphorus Strait, which divides Asia and Europe, is built in the style of...

  • GARIPCE, Turkey, Aug 26- Turkey opens one of the world's biggest suspension bridges on Friday, creating a new link between two continents with the latest megaproject in a $200 billion building spree that President Tayyip Erdogan hopes will secure his place in history. The bridge across the Bosphorus Strait, which divides Asia and Europe, is built in the style of...

  • GARIPCE, Turkey, Aug 26- Turkey opens one of the world's biggest suspension bridges on Friday, creating a new link between two continents with the latest megaproject in a $200 billion building spree that President Tayyip Erdogan hopes will secure his place in history. The bridge across the Bosphorus Strait, which divides Asia and Europe, is built in the style of...

  • GARIPCE, Turkey, Aug 26- Turkey opens one of the world's biggest suspension bridges on Friday, creating a new link between two continents with the latest megaproject in a $200 billion building spree that President Tayyip Erdogan hopes will secure his place in history. The bridge across the Bosphorus Strait, which divides Asia and Europe, is built in the style of...

  • HAMBURG, Aug 26- German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from its planned merger with Arab rival UASC next year, and realize them fully from 2019, its CEO said on Friday. The company, which swung into the red in the first half of this year as tumbling freight rates hurt its business, signed a...

  • Amazon's plans to disrupt trucking

    CNBC's Morgan Brennan reports tech giant Amazon is building its own delivery infrastructure as e-commerce demand grows and competition heats up in the shipping space.

  • WASHINGTON, Aug 25- The U.S. Federal Aviation Administration briefly halted flights at Miami International and nearby airports around 11:30 a.m. EDT on Thursday following a five-minute power outage at Miami's Terminal Radar Approach Control, a spokeswoman said. Flight operations returned to normal after about 90 minutes, the FAA said.

  • WASHINGTON, Aug 25- Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, moving closer to its goal of creating a carbon-free energy and transportation company. The Federal Trade Commission said on Thursday that the deal was approved. Tesla shares closed down 0.7 percent at $220.96 and SolarCity shares ended 0.6 percent...

  • Uber's big losses: A big problem for investors?

    Tony Tjan, Cue Ball Capital CEO & Managing Partner, and Tamara Warren, Senior Editor at The Verge, discuss Uber's reported loss of $1.27 billion in the first half of 2016 and how big of a problem this is for the company.

  •  Pilots parking plane in Miami International Airport

    Most of the systems have since started running again, FAA spokeswoman Kathleen Bergen said in a statement.

  • TOKYO/ LONDON, Aug 25- Japanese carrier ANA Holdings needs to replace damaged compressor blades in the Rolls-Royce engines powering its Boeing 787 s, it said on Thursday, forcing it to cancel some Dreamliner flights over the coming weeks. ANA's Dreamliners are powered by Rolls- Royce Trent 1000 engines. "We are aware of the situation and are working with...

  • The future of autonomous cars

    President and COO of Velodyne Mike Jellen weighs in on the future of self-driving cars.

  • Amazon Vehicles will help users research cars

    The new platform will be an extension of Amazon's Automotive store.

  • Uver lost more than $1.2B first half of 2016: Report

    Uber lost more than $1.2 billion the first half of 2016, CNBC's Carl Quintanilla and Jim Cramer discuss.

  • LONDON, Aug 24- British engineering company Rolls-Royce said it won a $1.5 billion order for its Trent 700 engines from China Eastern Airlines to power 15 of the Chinese carrier's Airbus A330 aircraft. Rolls-Royce said its Trent 700 engine had been chosen for about 70 percent of new A330 orders over the last five years. That engine, however, is behind some of the...

  • A man looks at damage to the Airlander 10 hybrid airship after a test flight at Cardington Airfield in Britain, August 24, 2016.

    The world's largest aircraft, the Airlander 10 airship, has crashed and suffered damage on its second test flight on Wednesday.

  • HOUSTON, Aug 23- The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected because many ships must first undergo inconvenient retrofits to transit through the new locks, shipping industry experts said. While the new parts cost just $1,000 to $3,000 per ship-...

  • The new Tesla battery pack is unlikely to boost sales much, a Kelley Blue Book expert told CNBC.

  • SAN FRANCISCO/ WASHINGTON, Aug 23- Tesla Motors Inc crowned itself the maker of the world's fastest production car on Tuesday, saying a new version of its Model S all-electric sedan can accelerate from 0-60 miles per hour in just 2-1/ 2 seconds. Tesla Chief Executive Elon Musk said the company will offer a larger upgraded battery pack for performance versions of...

  • HOUSTON, Aug 23- The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected because many ships must first undergo inconvenient retrofits to transit through the new locks, shipping industry experts said. While the new parts cost just $1,000 to $3,000 per ship-...

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