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Business Transportation

  • Low-cost airline Norwegian has unveiled a series of transatlantic flights between the U.K. and the U.S. for as little as $65.

  • Bumper-to-bumper traffic jams are costing businesses big bucks.

  • HDT wants 800 e-taxis on the road

    James Ng, MD of HDT Singapore, says the company only has 100 vehicles in its fleet now but intends to grow this number.

  • Mexico City is home to the world's worst traffic congestion

    Thomas Schmidt, CEO of Tomtom Telematics, talks about the results from the latest TomTom Traffic Index.

  • HDT brings an all-electric taxi fleet to Singapore

    CNBC's Dan Murphy takes a look at taxi company HDT's entrance into the Singapore market and how it will be offering its drivers fixed salaries.

  • Ride-hailing firm Uber has moved a little closer to its destination of being legalized in Hong Kong, the SCMP reports.

  • WARREN, Mich. _ Universal Truckload Services Inc. on Thursday reported fourth-quarter earnings of $2.7 million. On a per-share basis, the Warren, Michigan- based company said it had net income of 10 cents. For the year, the company reported profit of $24.2 million, or 85 cents per share.

  • NEW YORK _ Fortress Transportation and Infrastructure Investors LLC on Thursday reported a loss of $1.8 million in its fourth quarter. On a per-share basis, the New York- based company said it had a loss of 2 cents. For the year, the company reported that its loss widened to $20.1 million, or 26 cents per share.

  • SAN FRANCISCO— A self-driving car company founded by Google is colliding with ride-haling service Uber in a court battle revolving around allegations of betrayal, high-tech espionage and greed. The brewing showdown emerged late Thursday in a lawsuit filed in a San Francisco federal court by Waymo, a once-secretive self-driving company hatched by Google...

  • Uber's drawings of 3-D sensors contained Alphabet's trade secrets, the lawsuit claims.

  • CHICAGO, Feb 23- A glut of idled river barges is clogging Mississippi River shorelines from St. Louis to New Orleans, leaving U.S. barge companies that haul grain, coal and other bulk goods counting their losses. Barge lease rates paid to companies like Archer Daniels Midland Co's American River Transportation Company, privately held Ingram Barge and a handful of...

  • The $29.7 billion operating budget proposal for the financial year that begins July 1 would leave gaps the Democratic governor hopes to fill, with as yet unidentified revenue sources. Edwards and lawmakers want to rewrite Louisiana's tax laws in the legislative session that begins in April. Most of the increase would come from a $1.7 billion boost in federal...

  • Feb 23- Norwegian Air Shuttle ASA plans to offer transatlantic flights on 10 new routes between the United States and Europe with tickets starting at $65 one way, putting pressure on U.S. and European rivals to compete, it said on Thursday. Norwegian's $65 fares will be for a one-way ticket to UK and Irish destinations from smaller airports in New York state,...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • Lyft mustache logo

    Lyft added 50 new cities on Thursday, including Topeka, Bismarck, Cedar Rapids, Des Moines, Columbus and Birmingham.

  • HAMILTON, Bermuda _ Teekay Tankers Ltd. on Thursday reported fourth-quarter profit of $6.8 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. Three analysts surveyed by Zacks expected $102 million.

  • Feb 23- Norwegian Air Shuttle ASA on Thursday announced plans to offer transatlantic flights on 10 new routes between the United States and Europe starting at $65, ramping up pressure on U.S. and European rivals. Norwegian is expanding its network of flights to the United States from mid-June after receiving long-awaited approval late last year for its Irish...

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