Business Transportation

  • LOS ANGELES, Sept 27- Shipping companies and a powerful dockworkers union have agreed to discuss a possible extension to a contract reached last year, ending labor strife that disrupted U.S. West Coast ports and bogged down cargo trade with Asia for months. The International Longshore and Warehouse Union and the Pacific Maritime Association, which represents...

  • MONTREAL, Sept 27- The value of ticket sales owed to foreign airlines in Nigeria has been reduced by over 50 percent since June, the International Air Transport Association said on Tuesday, adding it is making progress to recoup billions of dollars in revenues blocked by some countries. IATA last week requested anti-trust immunity from the United States to...

  • CHANTILLY, Va.— Airline pilots and air traffic controllers are on schedule to switch to text communications at most of the nation's busiest airports by the end of the year, a milestone that holds the potential to reduce delays, prevent errors and save billions of dollars in fuel cost, says the Federal Aviation Administration. Controllers and pilots will still use...

  • LOS ANGELES, Sept 27- Major cargo shippers and the union representing dockworkers at 29 U.S. West Coast ports have agreed to talks on a possible extension of their current contract, which is set to expire in mid-2019, the two sides said in a joint statement on Tuesday. Negotiators for the Pacific Maritime Association and the International Longshore and Warehouse...

  • 30 Minutes to the Close: Transports on the move?

    Mark Newton, Newton Advisors, discusses what to watch in the last half hour of trading.

  • Negotiators for the Pacific Maritime Association and the International Longshore and Warehouse Union plan to meet on Nov. 1-2 to discuss the proposal, which comes about 19 months after a contract settlement that capped months of labor strife and disruptions of cargo traffic at the ports.

  • MONTREAL— Efforts to reach the world's first climate deal governing the aviation sector got under way at a conference in Montreal. Delegates to the U.N. International Civil Aviation Organization general assembly are being asked to approve, in two weeks, a program for the industry to become carbon neutral after 2020 and to halve net emissions by 2050 compared to...

  • Bumpy road ahead

    With the race for the White House tightening, markets could be in for a bumpy road ahead in the near term.

  • A passenger boards an Avis shuttle bus at Los Angeles International Airport.

    Shares of Avis Budget Group fell more than 8 percent on a volume spike, following comments made Tuesday about weaker European demand in August.

  • Sept 27- Delta Air Lines Inc plans to buy larger regional jets with a list value of up to $2.3 billion if it can get its pilots' union to accept an overhaul of the small-plane fleet, Bloomberg reported on Tuesday. The airline wants the option of adding as many as 50 more planes in the 70- to 76- seat range, Bloomberg reported, citing a memo sent to the pilots.

  • *Greek ship owners leaving London over expected non-dom changes. LONDON, Sept 27- The crisis in global shipping and a tax exodus by big Greek vessel owners have helped finally seal the fate of London's Baltic Exchange after at least three approaches to buy it over the last six years of its near-three centuries history. "For Baltic shareholders it does release...

  • LONDON, Sept 27- Freight movements across the United States are showing signs of sustained growth for the first time in 18 months, which should support increases in diesel consumption in 2017.. Freight volumes hit a record in July, passing the previous peak set back in December 2014, according to the U.S. Bureau of Transportation Statistics.

  • Stocks to Watch: September 27, 2016

    Twitter, Volkswagen and JM Smucker are making waves on Wall Street this morning before the opening bell.

  • MONTREAL, Sept 27- Fast-growing aviation powerhouse India is not ready to join the world's first climate deal to curb pollution from commercial flights because it fears that talks beginning on Tuesday may not lead to a fair agreement, its civil aviation minister said. The proposed landmark deal, backed by the United States and China, aims to limit rising airline...

  • BEIJING, Sept 27- China's rail freight volume fell 6.2 percent in the first eight months of 2016 from the same period last year to 2.1 billion tonnes, the country's statistics bureau said on Tuesday. The rate of decline eased from 7.3 percent in the first seven months of this year. In August, the amount of cargo carried by railways increased 1 percent on year to 279.3...

  • Passengers wait for flights at O'Hare International Airport.

    Ever had a bad flight and decided to rant about a your experience on Twitter or Facebook? A new study shows those complaints are being heard.

  • ABUJA, Sept 26- The African Development Bank is looking to provide a total of $4.1 billion to Nigeria over 2016 and 2017, its president said on Monday, as Africa's biggest economy seeks to bridge its budget deficit and improve weak infrastructure. He was speaking after holding talks with the finance minister, Kemi Adeosun, and Vice President Yemi Osinbajo in the...

  • BUFFALO, N.Y.— A Florida- bound Spirit Airlines jet with 142 people aboard has made a safe emergency landing in New York after a reported mechanical problem. The pilot shut down the affected engine and landed safely early Monday at Buffalo Niagara International Airport. There was no damage or fire to the Airbus A320, which had taken off from nearby Niagara Falls...

  • SpaceX successfully tests rocket engine that could help colonize Mars

    Elon Musk suggests the methane-fueled engine is three times more powerful than the current engines used on the Falcon 9 rocket.

  • DUBAI, United Arab Emirates— Dubai Airports is boosting the number of specialized facilities to handle Airbus A380 planes at the Middle East's busiest airport as hometown carrier Emirates grows its fleet of the double-decker aircraft. The government-backed airport operator said Monday it plans to add 10 more A380 gates with air bridges at Dubai...

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