Business Transportation

  • Jersey City, N.J., Dec 8- The Port Authority of New York and New Jersey said for the first time on Thursday its next 10- year capital plan may include $2.7 billion for Amtrak's Gateway rail tunnel project underneath the Hudson River. Commissioner Kenneth Lipper said $3.2 billion of rail projects involving the city of Newark and LaGuardia Airport would be an "...

  • But the Department of Transportation said Thursday that it envisioned allowing the calls if airlines tell all customers about the policy when they buy their tickets. The Federal Communications Commission prohibits passengers from making cellphone calls during flights, but not Wi-Fi calls. Sara Nelson, president of the Association of Flight...

  • Phone call during flight

    Airlines would be required to provide notice to travelers that their flights may be disturbed by passengers making phone calls.

  • Dec 8- United Continental Holdings Inc forecasts a higher profit margin in the fourth quarter, as bookings strengthened and expenses related to employment benefits were lower than expected, the company said on Thursday. United, the No. 3 U.S. airline by passenger traffic, said it now expects its pretax margin to be between 7.5 percent and 8.5 percent, a jump from its...

  • During the 21- day stretch from Dec. 16 through Jan. 5, between 1.8 million and 2.4 million passengers daily will fly globally aboard U.S. carriers, according to the Washington- based trade group. "As we saw over Thanksgiving, U.S. airlines are well positioned to handle the increase in passengers expected this holiday season," he added. Airlines for America said it...

  • Ithaca police say Justin Barkley, of Dryden, is charged with second-degree murder in the killing of 52- year-old William Schumacher, of Candor. Susan Rosenberg, a spokeswoman for Atlanta- based package delivery company, says the driver was about four weeks into his second stint as a seasonal driver when he was slain early Thursday morning while taking a break in...

  • Bethune: Optimistic Trump will be better for business

    CNBC Contributor Gordon Bethune, former Continental Airlines chairman and CEO, shares his bull case for the airlines, as well whether President-elect Donald Trump will be good for business.

  • President-elect Donald Trump gestures as Andy Puzder, CEO of CKE Restaurants, departs after their meeting at the main clubhouse at Trump National Golf Club in Bedminster, New Jersey, U.S., November 19, 2016.

    A growing share of Americans earn income through start-ups like Uber and Airbnb, where work is more flexible but less certain.

  • Delta Air Lines is rolling out new free snacks for customers in the main cabin, including brand-name yogurt bars and pretzels. The menu move comes about a year after United Airlines brought back free snacks by offering noshes like stroopwafels— a gooey Dutch confection— and better coffee. Delta also is testing free sandwiches and other meals in economy on some...

  • BRUSSELS— The European Union has added Iran's Aseman Airlines to its blacklist of companies banned from European skies due to safety concerns. The EU's Executive Commission also said it had removed all airlines certified in Kazakhstan from the blacklist, given recent improvements in aviation security in the country. The move means that a total of 193...

  • Tractor-trailers move along an interstate frontage road in Hampshire, Illinois.

    The trucking industry scored a victory this week when lawmakers blocked safety rules aimed at keeping tired truckers off the highway.

  • MOSCOW, Dec 8- Russian billionaire Vladimir Lisin may sell part of his holding in the country's largest steelmaker NLMK, which he controls, three banking and industry sources told Reuters on Thursday. Lisin controls 85.5 percent of NLMK and Forbes magazine ranks him as Russia's eighth richest businessman worth about $9.3 billion. Lisin's representative...

  • DUBAI, Dec 8- Emirates, the world's biggest long-haul airline, expects to introduce "premium economy" tickets within the next 12 to 18 months, according to its president, Tim Clark. The Dubai- based airline, faced with pressures on margins caused by a strong dollar and tougher competition, has recently added new revenue streams. Emirates reported on Nov. 9 a 75 percent...

  • 2016 profits forecast cut to $35.6 bln from $39.4. GENEVA, Dec 8- Airlines will see profits fall for the first time in six years in 2017, after peaking this year, as rising oil and labour costs bite and demand slows, the International Air Transport Association said on Thursday. IATA, representing some 265 airlines accounting for 83 percent of global air traffic, said...

  • GENEVA— The world's leading association of airlines is lowering its projection for record industry net profit this year, while predicting a 16 percent drop next year due to rising oil prices. The International Air Transport Association forecasts profit of $35.6 billion this year, down from its previous projections for $39.4 billion due to slower economic...

  • BRUSSELS, Dec 8- The European Union has banned Iran's Aseman Airlines from operating within the EU due to safety concerns, in a blow to Tehran which is buying new jets to renew the country's ageing fleet following the lifting of long-term sanctions. Aseman Airlines was added to the EU's air safety list of airlines which do not meet international safety standards,...

  • HAGERSTOWN, Md.— The trucking industry scored a victory this week when Republican lawmakers effectively blocked Obama administration safety rules aimed at keeping tired truckers off the highway. The American Trucking Associations is pledging to come back next month, when Republicans will control the White House and Congress, and try to block state laws that...

  • Travelers wait in line before going through Transportation Security Administration screening at Ronald Reagan National airport in Washington, D.C.

    It's looking like it will be a crowded but profitable holiday season for U.S. airlines.

  • Indian taxi drivers rest in their taxis at the main railway station in New Delhi on July 26, 2016.

    Uber is facing a tough fight in India after facing fierce competition from local competitors.

  • SAN FRANCISCO— Alaska Airlines has removed its last major hurdle to buying Virgin America. Alaska said Wednesday it agreed to settle a private antitrust lawsuit that threatened to hold up its $2.6 billion purchase of Virgin America. The deal will make Alaska the nation's fifth-biggest airline, leapfrogging over JetBlue Airways Corp., which also tried to buy...

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