Business Transportation


  • Most expensive car ever auctioned? It depends Friday, 5 Feb 2016 | 2:26 PM ET
    A 1957 Ferrari 315 335 S Scaglietti Spyer, Collection Bardinon. The coveted 1957 Ferrari has become one of the most expensive cars ever sold at auction.

    Due to a quirk in auction locations and currency exchange rates, the title for the most expensive car ever auctioned is in dispute.

  • Investors make blind bet in Uber's latest deal Friday, 5 Feb 2016 | 11:46 AM ET

    Just how much are some investors are willing to give up to gain a piece of the hottest start-up? The New York Times reports.

  • Feb 5- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low for the ninth straight session on Friday as concerns of slow global demand outweighed gains for the large-vessel segment. Average daily earnings for capesize vessels, which typically transport 150,000- tonne...

  • PARIS, Feb 5- Airbus is renegotiating delivery schedules for its revamped A320neo jet and has told some airlines the aircraft will be delayed by about two months, industry sources said. So far, Airbus has delivered one aircraft to Germany's Lufthansa. The launch customer was originally supposed to be Qatar Airways but it rejected the aircraft due to a longer than...

  • WASHINGTON— Hiring slows as US employers add just 151,000 jobs last month; firms shed education, transportation and temp workers.

  • ATHENS/ SHANGHAI, Feb 5- China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transhipment hub. Bolstered by December's merger with China Shipping Group, COSCO's...

  • PARIS— Protesting chauffeurs have moved to Paris' city center after having disrupted access to the Charles de Gaulle airport for a few hours, amid tensions between traditional taxis and app-based car services as the government loosens regulations in the evolving sector. Taxi drivers and chauffeurs pelted each other with projectiles overnight at the Porte...

  • 4 questions for the next CEO of Delta Air Lines Friday, 5 Feb 2016 | 3:01 AM ET

    NEW YORK— On May 2, Ed Bastian takes over as the new CEO of Delta Air Lines, replacing the retiring Richard Anderson. Wall Street analysts expect Bastian to continue running Delta with the same general strategy as Anderson. The Associated Press interviewed Bastian by phone following his appointment.

  • SHANGHAI— The hundreds of millions of Chinese heading home for Lunar New Year have a relatively new travel option this year: mobile apps to find carpool partners to share costs in what is a novel concept for most Chinese. Software developer Li Jin in Shanghai used one after he had to abort his flight plans because of last-minute work demands, and found that the only...

  • How is Delta affected by Zika virus? Thursday, 4 Feb 2016 | 7:54 PM ET
    Zika Virus impact on airlines

    Precautionary measures against the Zika virus will protect employees and customers, says Vinay Dube, senior VP for Asia at Delta Air Lines.

  • Feb 4- The chief executive officer of LAN Airlines will pay a $75,000 fine to settle charges that he authorized improper payments to Argentina union officials to persuade them to ease their demands in a labor dispute, the U.S. Securities and Exchange Commission said on Thursday. According to the SEC, Cueto authorized wiring $1.15 million to a Virginia brokerage...

  • President Barack Obama will launch a long-shot bid next week to impose a $10- a-barrel tax on crude oil that would fund the overhaul of the nation's aging transportation infrastructure, the White House said on Thursday. "By placing a fee on oil, the President's plan creates a clear incentive for private sector innovation to reduce our reliance on oil and at the...

  • Ryde bets on carpooling in congested cities Thursday, 4 Feb 2016 | 5:51 PM ET
    Carpooling app

    Terence Zou, CEO of Ryde, talks about how it is creating a networking of users to carpool in Asia.

  • Laws in 22 states require longer or more frequent rest or meal breaks for workers than the Federal Motor Carrier Administration's standard for truckers of a minimum half-hour break eight hours after reporting for duty. The industry lost again in December when a provision it backed to pre-empt the state laws in favor of the federal standard was taken out of a...

  • The $10- per-barrel fee is expected face solid opposition from Republicans who control Congress and oppose new taxes and Obama's energy policies. The White House said the $10 fee would be phased in over five years. The White House said the tax would provide for the long-term solvency of the Highway Trust Fund to ensure the nation maintains its infrastructure.

  • Welcome to the Uber Super Bowl Thursday, 4 Feb 2016 | 1:46 PM ET
    Welcome to the Uber Super Bowl

    Uber is a Super Bowl sponsor for the first time, paying to be the official ride-sharing app. In exchange, it will get special access to parking near Levi's Stadium.

  • NEW YORK, Feb 4- New York City Mayor Bill de Blasio will back in his annual keynote address on Wednesday a $2.5 billion plan to create a light rail service linking the growing outer boroughs of the city that are poorly served by existing public transport networks. The 16- mile track would run from Astoria in Queens, tracing a line along the East River and New York's...

  • New Delta CEO's game plan: Steady growth Thursday, 4 Feb 2016 | 1:32 PM ET
    Edward Bastian, Delta Airlines

    Ed Bastian, who is moving up to Delta Air Lines CEO in May, anticipates no substantial changes.

  • Op-Ed: THIS is the weak link in global security Thursday, 4 Feb 2016 | 12:46 PM ET
    A Spanish Guardia Civil boat patrol the water.

    In an age of terror, its high time that global leaders get this unregulated industry under control, says Ami Daniel.

  • Walmart wants to run own gas stations Thursday, 4 Feb 2016 | 12:44 PM ET
    Gas prices

    The decision is part of Walmart's broader goal of pulling in more revenue from its gas stations, USA TODAY reported.

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