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Infrastructure Transportation Infrastructure

  • MONTREAL, July 11- The U.S. Federal Aviation Administration is investigating how an Air Canada pilot lined up to land last week on a taxiway at San Francisco International Airport where four planes were waiting to depart, the agency said on Tuesday. The Air Canada A320 from Toronto was cleared to land on a runway at the airport just before midnight on Friday, the FAA...

  • MONTREAL, July 11- The U.S. Federal Aviation Administration is investigating how an Air Canada pilot lined up to land last week on a San Francisco International Airport taxiway where four planes were waiting to depart, the agency said on Tuesday. The Air Canada A320 from Toronto was cleared to land on a runway at the airport just before midnight on Friday, the FAA...

  • Amtrak CEO: It's not cheap to bore a tunnel and who pays?

    Wick Moorman, Amtrak CEO talks about Elon Musk's plan to build a Hyperloop and the costs associated with boring giant underground tunnels.

  • Amtrak CEO: Penn Station repairs 'summer of renewal'

    Wick Moorman, Amtrak CEO, talks about beginning emergency repairs at Penn Station in New York after years of neglect. It's time to get some work done, says Moorman.

  • Container ship Cosco Development, registered and sailing under the flag of Hong Kong, is seen near from Panama City on May 2, 2017.

    COSCO Shipping's and Hong Kong's OOIL's shares leaped on Monday after COSCO Shipping made a $6.3 billion bid for OOIL on Sunday.

  • *COSCO Shipping making offer with Shanghai Port. COSCO Shipping is offering HK $78.67 for each OOIL share, a premium of 37.8 percent over OOIL's closing price of HK $57.10 on its last trading date, the companies said in filings with the Hong Kong and Shanghai stock exchanges on Sunday. OOIL's controlling shareholders had on Friday agreed to sell their 68.7...

  • BEIJING, July 9- China's COSCO Shipping Holdings Co Ltd said on Sunday it offered to buy smaller competitor Orient Overseas International Ltd for HK $49.23 billion. COSCO Shipping is acting in coordination with Shanghai Port Group, operator of the Port of Shanghai, which has agreed to buy 9.9 percent of the company, according to filings with the Hong Kong and...

  • SAN FRANCISCO, July 7- The shortage of housing in California's Silicon Valley has gotten so severe that Facebook Inc on Friday proposed taking homebuilding into its own hands for the first time with a plan to construct 1,500 units near its headquarters. "The problem with Silicon Valley is you don't have enough supply to keep up with the demand," said Sam Khater,...

  • SHANGHAI, July 7- Maersk said it was too early to predict the financial impact of last month's global Petya cyber attack that hit the shipping giant's computers and delayed cargoes, but added that normal operations had resumed at its ports. Moller-Maersk, Danish owner of the world's biggest container shipping line, operates 76 ports via its APM Terminal...

  • BRASILIA, July 5- The Brazilian government plans to sell shares in its airport operator Infraero through an initial public offering, potentially surrendering control of the agency, Transportation Minister Maurício Quintella told Reuters on Wednesday. The IPO, the latest in a series of reforms and privatizations pursued by President Michel Temer's...

  • BRASILIA, July 5- The Brazilian government plans to auction two blocks of airports to private companies and then privatize state-owned airport operator Infraero through an initial public offering, Transportation Minister Maurício Quintella told Reuters on Wednesday. A decision on the Infraero process should be reached by the end of this month, Quintella...

  • SINGAPORE, July 5- Pakistan State Oil is seeking 905,000 tonnes of gasoline and fuel oil for September, three tender documents showed on Wednesday. It is also looking for 55,000 tonnes of low sulfur fuel oil for September delivery into Kaemari or Port Qasim in Karachi on a cost and freight basis. The tenders close on July 24, remaining valid until Aug. 7.

  • DUBAI, July 3- Etihad Airways' hub Abu Dhabi International Airport expects a slowdown in the pace of passenger growth this year, the acting chief executive of operator Abu Dhabi Airports said on Monday. The United Arab Emirates' second busiest commercial airport expects to handle "around 25 million" passengers in 2017 compared with 24.5 million in the previous...

  • ABU DHABI INTERNATIONAL AIRPORT EXPECTS TO HANDLE 25 MLN PASSENGERS IN 2017 VS 24.5 MLN IN 2016- ACTING CEO.

  • WASHINGTON/ DUBAI, July 3- The United States has lifted a ban on laptops in cabins on flights from Abu Dhabi to the United States, saying Etihad Airways had put in place required tighter security measures. Etihad welcomed the decision on Sunday and credited a facility at Abu Dhabi International Airport where passengers clear U.S. immigration before they land in...

  • The inside of a Tesla vehicle

    Tesla's Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, CEO Elon Musk tweeted Sunday.

  • LONDON, June 29- Global shipping is still feeling the effects of a cyber attack that hit A.P. Several port terminals run by a Maersk division, including in the United States, India, Spain, the Netherlands, were still struggling to revert to normal operations on Thursday after experiencing massive disruptions. Anil Diggikar, chairman of JNPT port, near the Indian...

  • LONDON, June 29- Global shipping is still feeling the effects of a cyber attack that hit A.P. Several port terminals run by a Maersk division, including in the United States, India, Spain, the Netherlands, were still struggling to revert to normal operations on Thursday after experiencing massive disruptions. Anil Diggikar, chairman of JNPT port, near the Indian...

  • BERLIN, June 29- Airports, airlines and passengers are likely to bear significant costs from new security measures on flights to the United States, European airports association ACI Europe said on Thursday. The measures, announced on Wednesday by the Department of Homeland Security and applicable to all commercial flights to the United States, include...

  • BERLIN, June 29- Significant costs are expected to be incurred from new security measures on flights to the United States, which will likely be borne by airports, airlines and passengers, European airports association ACI Europe said on Thursday. The measures, announced on Wednesday by the Department of Homeland Security and applicable to all commercial...