Latest Transportation and shipping News

Shell still reviewing moving listing away from London but not a live discussion

Jan. 30, 2025 09:18 AM EST

LONDON (AP) — Oil company Shell said Thursday that it was still mulling moving its stock market listing from London to New York. but that it wasn't a “live discussion” at the moment. After announcing a 16% decline in full-year earnings of $23.7 billion from $28.3 billion, CEO...

Norfolk Southern CEO optimistic about 2025 after solid fourth quarter

Jan. 29, 2025 19:13 PM EST

Norfolk Southern's solid fourth quarter — combined with the optimism the railroad is hearing from their customers and support they're getting from Washington D.C. — has the CEO feeling optimistic about 2025. The railroad, based in Atlanta, earned $733 million, or $3.23 per share,...

Texas Rangers create new network to oversee production and distribution of game broadcasts

Jan. 27, 2025 19:00 PM EST

ARLINGTON, Texas (AP) — The Texas Rangers have created a new company to oversee production and distribution of their game broadcasts. The MLB team on Monday unveiled the Rangers Sports Media & Entertainment Company. That company will include the new Rangers Sports Network...

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook

Jan. 17, 2025 10:26 AM EST

WASHINGTON (AP) — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But it warned that the outlook is clouded by President-elect Donald Trump’s promises to slash U.S. taxes, impose tariffs on foreign goods, ease...

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook

Jan. 17, 2025 09:56 AM EST

WASHINGTON (AP) — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But it warned that the outlook is clouded by President-elect Donald Trump’s promises to slash U.S. taxes, impose tariffs on foreign goods, ease...

Shadow fleet of tankers keeps Russia's oil money flowing despite Western sanctions

Jan. 14, 2025 07:12 AM EST

FRANKFURT, Germany (AP) — The Group of Seven democracies has sought to crimp Russia's oil export earnings that help fund the war against Ukraine. But Western governments and sanctions experts say Moscow has resorted to using a so-called shadow fleet of hundreds of aging tankers of uncertain...

China's exports in December up 10.7%, beating estimates as higher US tariffs loom

Jan. 13, 2025 04:46 AM EST

HONG KONG (AP) — China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. Exports rose 10.7% from a year earlier, according to...

The ‘Worst in Show’ CES products put your data at risk and cause waste, privacy advocates say

Jan. 10, 2025 19:58 PM EST

LAS VEGAS (AP) — So much of the technology showcased at CES includes gadgets made to improve consumers' lives — whether by leveraging AI to make devices that help people become more efficient, by creating companions to cure loneliness or by providing tools that help people with mental and...

UK lawmakers slam Shein for refusing to answer questions on its cotton supply

Jan. 07, 2025 13:28 PM EST

LONDON (AP) — A lawyer for Shein summoned to a British parliamentary hearing evaded questions Tuesday on whether the fast-fashion giant sells products containing cotton from China, angering lawmakers seeking answers on the retailer's labor practices and allegations of forced labor in its supply...

US dockworkers threaten to strike against automation, creating economic uncertainty

Jan. 07, 2025 08:55 AM EST

WASHINGTON (AP) — Vowing to stop machines from taking their jobs, 45,000 U.S. longshoremen are threatening to go on a strike that would shut down ports on the East and Gulf coasts and could damage the American economy just as President-elect Donald Trump returns to the White House. ...