WASHINGTON/CHICAGO (Reuters) – A Senate Republican coronavirus stimulus package would provide financial aid to U.S. airports, transit systems and passenger railroad Amtrak, but $50 billion for struggling U.S. airlines would be a loan, not a cash payout, the pr... More »
NEW YORK (Reuters) – Many U.S. stocks cheapened up during the first quarter’s choppy trading scene, relieving some concern investors had about lofty valuations. But the companies that move goods through a humming economy now look among the market’s best bargai... More »
A man walks past the world’s first autonomous pods which was launched by the Roads and Transport Authority of Dubai in Dubai, United Arab Emirates February, 28, 2018. Picture taken February, 28, 2018. REUTERS/Satish Kumar DUBAI (Reuters) – Dubai has begun test... More »
FILE PHOTO: Freight trucks are driven on the Fisher freeway in Detroit, Michigan, U.S., March 27, 2009. REUTERS/Rebecca Cook/File Photo SEATTLE/BOCA RATON, Fla. (Reuters) – The drive for cost cuts and higher margins at U.S. trucking and railroad operators is p... More »
The U.S. Senate voted Monday to approve a senior Transportation Department nominee and advance another nomination, after Republicans accused Democrats of blocking some nominees to push for funding of a New York area infrastructure project. More »
FILE PHOTO: Taxis are parked near the national monument as their drivers take part in a protest against what they say is unfair competition from ridesharing services in Jakarta, Indonesia March 14, 2016. REUTERS/Darren Whiteside Indonesia has set minimum and m... More »
Students pose for pictures as they use OFO sharing bicycles at campus in Zhengzhou, Henan province, China, September 6, 2016. Picture taken September 6, 2016. China Daily/via REUTERS Chinese ride-hailing service Didi Chuxing on Monday said it has invested “ten... More »
BEIJING The subsidizing of fares and the supplementing of driver wages by ride-hailing companies such as Didi Kuaidi and U.S. firm Uber Technologies Inc [UBER.UL] are competitively unfair and could not be sustained long-term, China’s transport minister said. T... More »
JAKARTA So stiff is competition between Indonesia’s motorcycle taxis app companies that new entrants are going to extreme lengths to stand out. Aris Wahyudi, the founder of the newest motorcycle-sharing company, reckons he has found a unique way to win busines... More »
SHANGHAI China on Saturday published draft rules to regulate online car hailing businesses, a booming sector where U.S. firm Uber Technologies Inc [UBER.UL] and Chinese rival Didi Kuaidi have been aggressively competing for market share. The draft rules, publi... More »
NEW YORK U.S. Senator Charles Schumer of New York on Tuesday put forward a plan to pay for a new rail tunnel under the Hudson River linking New Jersey and New York City, following lengthy delays that have left commuters stranded and frustrated in recent weeks.... More »
