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Business Transportation


  • Taiwan jet with 58 on board crashes into river Wednesday, 4 Feb 2015 | 12:26 AM ET
    Taiwan jet with 58 on board crashes into river

    A TransAsia Airways flight carrying 58 passengers has reportedly crashed into a river in Taiwan. CNBC's Samantha Loring reports.

  • LONDON, Feb 3- Sixty business leaders urged Britain's political leaders on Tuesday to commit in their election manifestos to make a swift decision on the controversial issue of London airport expansion. The Conservative-Liberal Democrat coalition that won the 2010 election scrapped the previous Labour government's plans to build a new runway at Heathrow,...

  • Spring Air's surge lures investors - and rivals Tuesday, 3 Feb 2015 | 6:42 PM ET

    Spring Airlines Co shares rockets just as new arrivals herald the beginnings of a price war that could eat into already-low profit margins.


  • *Company raises 2015 capex to C $920 mln- C $940 mln from C $820 mln- C $840 mln. Feb 3- Cheaper fuel helped WestJet Airlines Ltd report a 34 percent jump in quarterly profit and the Canadian carrier said it expected fuel costs to fall by up to 30 percent in the current quarter. The No. 2 Canadian airline by revenue behind Air Canada, said costs per available seat mile, a...

  • Feb 3- United Parcel Service Inc said on Tuesday it will start applying surcharges for residential packages this year after its costs soared during the recent disappointing holiday season. The Atlanta- based company had mobilized more workers and equipment for an anticipated surge in holiday packages, but the extra business failed to materialize.

  • PARIS, Feb 3- A United Nations agency may press on Tuesday for rapid adoption of new aircraft tracking proposals, weeks ahead of the anniversary of the disappearance of Malaysia Airlines Flight MH370, officials said. The International Civil Aviation Organization is expected to tell a safety conference in Montreal that new guidelines should come in force as...

  • Feb 3- Canada's WestJet Airlines Ltd reported a 34 percent rise in quarterly profit, helped by lower fuel costs and higher revenue passenger miles. Global crude oil prices have fallen more than 50 percent since their June highs due to excess supply and weak demand from Europe. Barclays said in December that airlines could see a total fall of about $10 billion in...

  • EXCLUSIVE-The FAA: regulating business on the moon Tuesday, 3 Feb 2015 | 7:00 AM ET

    The Federal Aviation Administration, in a previously undisclosed late-December letter to Bigelow Aerospace, said the agency intends to "leverage the FAA's existing launch licensing authority to encourage private sector investments in space systems by ensuring that commercial activities can be conducted on a non-interference basis."

  • Feb 3- Canada's WestJet Airlines Ltd reported a 34 percent rise in quarterly profit, helped by lower costs and higher revenue passenger miles. The company's net earnings rose to C $90.7 million, or 70 Canadian cents per share, in the fourth quarter ended Dec. 31 from C $67.8 million, or 52 Canadian cents per share, a year earlier. WestJet also raised its quarterly...

  • DUBAI, Feb 3- Cash-rich Gulf banks are becoming bigger players in the region's aviation boom, helping carriers like Emirates, Qatar Airways and Etihad Airways to fund their fleet expansion. Figures from European planemaker Airbus show that 47 percent of its aircraft deals in the Middle East in the first 11 months of last year were funded by local banks, up from 17...

  • January: Traditionally slow for auto sales Tuesday, 3 Feb 2015 | 5:50 AM ET
    January: Traditionally slow for auto sales

    U.S. auto sales in January are expected to rise about 14 percent from a year ago. CNBC's Phil LeBeau weighs in and discusses whether lower oil prices will help sales.

  • Google preparing Uber competitor: Report Monday, 2 Feb 2015 | 9:50 PM ET

    Google is preparing to offer its own ride-hailing service, putting it in direct competition with Uber, Bloomberg News reported.

  • I-95 closed at Conn. line after another big wreck Monday, 2 Feb 2015 | 3:42 PM ET
    Interstate 95

    NBC has confirmed that two people are dead and one person has been injured in a serious accident on Interstate 95 northbound.

  • Next up for Northeast weather wallop: Flash freeze Monday, 2 Feb 2015 | 2:45 PM ET
    A man walking with a shovel in Brooklyn, New York the morning after a major winter storm on January 27, 2015.

    Forecasters have warned that a brutal cold could follow Monday's snow, raising the threat of a flash freeze and an icy mess on Tuesday.

  • Ryanair profit takes off Monday, 2 Feb 2015 | 4:40 AM ET
    Ryanair profit takes off

    John Strickland, director at JLS Consulting, says that Ryanair's new strategic approach is clearly working, given its strong Q3 results.

  • California ports congestion 'worst-ever on record' Friday, 30 Jan 2015 | 2:45 PM ET
    A Maersk Line container ship is unloaded and refueled at the Port of Los Angeles in San Pedro, Calif.

    Everyone agrees that the Los Angeles and Long Beach ports slowdown is bad, but it's hard to tell who's to blame.

  • These 9 vehicles have zero highway deaths Thursday, 29 Jan 2015 | 11:28 AM ET
    A Honda Odyssey is displayed outside the company's headquarters in Tokyo.

    A record total of nine models sold during the 2011 model-year have had a driver death rate of zero, NBC News reports.

  • JetBlue Airways profit beats on cheaper fuel Thursday, 29 Jan 2015 | 10:42 AM ET
    Customers check in at the JetBlue counter at John F. Kennedy Airport

    JetBlue Airways reported a better-than-expected quarterly profit as it benefitted from lower fuel prices and flew more passengers.

  • MH370 declared 'an accident', clears way for claims Thursday, 29 Jan 2015 | 5:33 AM ET
    New satellite map of MH370 search area.

    Malaysia's Civil Aviation Authority has officially declared the MH370 crash an accident, allowing efforts to proceed with compensation claims.

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