Business Transportation

  • A businessman is reflected in a sign outside the Baltic Exchange in London, U.K., on Wednesday, June 16, 2010.

    China Merchants Group has made an informal bid to buy Baltic Exchange, becoming the latest contender for the business, sources told Reuters.

  • CHICAGO, March 16- Package delivery company FedEx Corp forecast better than expected full year earnings and reported fiscal third quarter earnings that also beat analysts expectations, sending its stock up 5.0 percent in after-hours trade on Wednesday. FedEx reported net income for its fiscal third quarter ending Feb. 29 of $507 million or $1.84 per share,...

  • FedEx reported net income for its fiscal third quarter ending Feb. 29 of $507 million or $1.84 per share, down nearly 20 percent from $628 million or $2.18 a share a year earlier. Revenue rose 9 percent to $12.7 billion from $11.7 billion, driven in a large part by a 30 percent jump in revenue at its FedEx Ground unit to $4.41 billion from $3.39 billion a year earlier.

  • The shipping giant reported fiscal third-quarter earnings of $2.51 per share, adjusted, on $12.7 billion in revenue.

  • Anthony Foxx, U.S. secretary of transportation, speaks during the South By Southwest (SXSW) Interactive Festival at the Austin Convention Center in Austin, Texas, U.S.

    Seven finalists in the "Smart City Challenge," a competition to generate high-tech innovation, were unveiled at the SXSW Interactive Festival.

  • *Investors include Asia's richest man, former head of CIA. TEL AVIV, March 16- A young Israeli technology company believes the expertise it has built up in tracking ships for governments and security agencies could help it break into the much larger market for providing information on seaborne commodities. Windward, founded just over five years ago by two former...

  • Container ships dock at the Port of Los Angeles in California

    Loaded container volumes at the nation's top 10 ports notched a 14 percent increase in January 2016 versus a year ago, new data show.

  • WASHINGTON, March 16- Commuters in Washington, D.C., packed the roads in cars and on bicycles and crowded buses to cope with a last-minute shutdown of the second-busiest U.S. subway system for emergency safety checks. Traffic was heavier than usual on many major commuter arteries leading in from the Virginia and Maryland suburbs, with roads including the George...

  • President Barack Obama delivers his State of the Union speech before a joint session of Congress on Feb. 12, 2013, in Washington.

    Even in this time of partisan rancor, there is one issue that unites Democrats and Republicans, say Robert Bennett and Dan Glickman.

  • WASHINGTON, March 16- Commuters in and around the District of Columbia reported heavier but steady road traffic on Wednesday, when the second-busiest U.S. subway system was shut down for emergency safety checks. The George Washington Parkway, a major commuter artery in the Virginia suburbs, was clogged with bumper-to-bumper traffic in Wednesday's predawn...

  • Two subway trains, Washington Metro

    On Wednesday, the second-busiest U.S. subway system will be shut down for emergency safety checks.

  • Singapore testing drone food deliveries

    Foodpanda is testing delivering meals to customers using unmanned flying devices in the city-state.

  • Passengers board a Metrorail train at the Wiehle-Reston East station in Reston, Virginia.

    The Washington metro will shut down all day Wednesday in order to conduct an emergency equipment investigation.

  • WASHINGTON, March 15- Members of a U.S. Senate panel and firms working on self-driving vehicles on Tuesday called for national rather than state regulation of the cars to avoid a patchwork of rules that could slow development. "If every state is left to go its own way without a unified approach, operating self-driving cars across state boundaries would be an...

  • Pro: I'm a bear on transportation

    Discussing the transportation space with Donald Broughton, managing director and senior research analyst at Avondale Partners, LLC.

  • A Lyft car drives along Powell Street in San Francisco, California.

    Lyft will subsidize car rentals fees in some cities for drivers who do over 65 rides a week.

  • Cuban citizen Armando (L) and U.S tourist Lisa Fragoso wave U.S flag while passing the U.S. Interests Section, in Havana July 20, 2015.

    President Obama will be visiting Cuba soon, but the U.S. must do two things for the island nation now, writes Scott Gilbert.

  • SAN FRANCISCO, March 14- Drivers for ride-hailing app Lyft will no longer face the imperative of owning a car under a rental program launched on Monday with General Motors Co. Depending on how many rides drivers complete, the cost will range from $99 a week plus 20 cents per mile to free for drivers who complete at least 65 trips a week, Zimmer said.

  • March 14- U.S. airlines hoping to get a few of the limited number of flights to Cuba filed regulatory papers on Monday in response to rivals' applications laying out their best arguments for consumer travel to the Caribbean island. The United States and Cuba signed an agreement a month ago restoring commercial air service between the former Cold War foes for the...

  • SYDNEY, March 15- Australia's Qube Holdings Ltd said it has joined Canada's Brookfield Asset Management Inc and international partners to make a A $9.1 billion bid for ports and rail freight company Asciano Ltd.. The freight handler said in a statement on Tuesday it had terminated a previous stand-alone bid and replaced it with a joint offer with Brookfield...

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