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November 20, 2009

Va. transit board tightens rules for grant program

Since 1993, the state has put $270 million of its federal transportation money into 817 “enhancement grant” projects. Only 389 of those popular...


November 19, 2009

State transit plan faces $851.5 million cut

Virginia transportation officials say they will have to slice $851.5 million out of Virginia’s six-year transportation plan, which has already been...


November 16, 2009

Federal government urged to invest in electric cars

WASHINGTON—A group of automakers, utilities and battery makers is urging the federal government to make a major investment in electric transportation....

GM says $1.2 billion quarterly loss shows progress

DETROIT—General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than previous quarters...

GM reportedly to pay back debt faster than expected

WASHINGTON—General Motors will begin paying back $6.7 billion worth of U.S. government debt by the end of 2009, a person familiar with the matter...


November 13, 2009

CSX derailment in Henrico blocks Amtrak

A CSX freight train derailment in Henrico County yesterday blocked Amtrak service but caused no injuries or other hazards. According to railroad and state...


November 10, 2009

Strike at Greece’s biggest port is ruled illegal

A Greek court has ruled that an ongoing dockworkers’ strike that has shut down the country’s largest commercial port for the past week is illegal....


November 05, 2009

Toyota surprises with return to profit

TOKYO—Toyota said today it returned to a profit in the latest quarter as government incenstives boosted sales, leading the world’s largest...


November 04, 2009

Chrysler aims to revamp Dodge cars under new plan
Chrysler aims to revamp Dodge cars under new plan

Chrysler plans to revamp its struggling Dodge car brand under a new turnaround plan and says the company’s cash has grown by nearly $2 billion since...


November 03, 2009

Chrysler sales plummet 30 percent; Ford up 3 percent

DETROIT—Chrysler Group LLC says its October sales fell 30 percent below the same month last year. But they improved from September when the U.S....

Ford racks up a billion-dollar profit in the 3rd quarter
Ford racks up a billion-dollar profit in the 3rd quarter

Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third...

TSA owes RIC $3.6 million for screening systems

Richmond International Airport spent $4 million to accommodate special baggage-screening systems for the Transportation Security Administration. The TSA...


November 02, 2009

Ford reports $1 billion third-quarter profit

DEARBORN, Mich.—Ford Motor Co. earned $1 billion in the third quarter, fueled by U.S. market share gains, cost cuts and the government’s Cash...


October 28, 2009

Volvo says China’s Geely is preferred bidder

STOCKHOLM—Ford-owned Volvo Cars says China’s Geely Group is the preferred bidder in the U.S. automaker’s attempts to sell the Swedish...

2 percent passenger drop pleases RIC officials
2 percent passenger drop pleases RIC officials

Passenger traffic was down slightly more than 2 percent for September at Richmond International Airport. And that’s OK, airport officials said yesterday....

Richmond air shares

Here are the September market shares for airlines serving Richmond International Airport.*   US Airways: 25.5 percent   Delta: 23.5 percent  ...


October 27, 2009

RIC pleased with small September decline

Passenger traffic was down slightly more than 2 percent for September at Richmond International Airport. And that’s OK, airport officials said today....

Hybrid electric cars to be built at idled GM plant in Del.

WILMINGTON, Del.—California luxury automaker Fisker Automotive is buying an idled General Motors assembly plant in Delaware to produce plug-in hybrid...

Southwest Airlines launches $25 fare sale

DALLAS—Southwest Airlines has launched an air fare sale in which some flights cost the same as what other carriers charge to check a bag. Dallas-based...

Report: Amtrak loss comes to $32 per passenger

WASHINGTON—U.S. taxpayers spent about $32 subsidizing the cost of the typical Amtrak passenger in 2008, about four times the rail operator’s...


October 22, 2009

Loss widens for Delta, world’s biggest airline operator

ATLANTA—Delta Air Lines Inc. said today it will cut system capacity 3 percent next year as it reported a quarterly loss bigger than a year ago. The...

Hyundai profit surges amid sales jump

SEOUL, South Korea—Hyundai Motor Co., South Korea’s largest automaker and a growing force in the global industry, said third-quarter net profit...


October 21, 2009

Boeing posts $1.6 billion loss in 3rd quarter

Boeing Co. lost $1.6 billion in the third quarter as hefty charges from its delayed 787 and revamped 747 dragged down results. Those charges also forced...

Toyota to offer a $375,000 Lexus sports car

CHIBA, Japan Toyota unveiled a two-seat super sports car for its Lexus luxury brand called LFA, which reaches up to 200 mph but also costs $375,000. The...


October 16, 2009

Breakdown of the infrastructure spending in Va.

$35 million will go to seven design-build contracts to replace or repair 119 bridges and culverts, 112 of which are structurally deficient, across the...


October 15, 2009

European version of ‘Cash for Clunkers’ boosts car sales

BRUSSELS—The European car industry says sales rose 6.3 percent in September compared to last year, helped by governments’ popular cash-for-clunker...


October 07, 2009

More rail projects than money available

The Obama administration said yesterday that it has received applications from 24 states seeking $50 billion for high-speed rail projects, more than six...

Boeing predicts $1 billion charge

Boeing Co. said yesterday that it will record a $1 billion charge because of a delay in producing a new version of the 747 freighter jet, blaming slow...


October 06, 2009

British Airways cuts 1,000 jobs, will shrink Heathrow crews

British Airways PLC says it is shedding 1,000 fulltime jobs and putting 3,000 more employees on part-time work and reducing size of cabin crews at Heathrow...

Boeing to record $1 billion charge due to 747-8 costs

Boeing said Tuesday it expects to record a charge of $1 billion in the third quarter due to higher costs in its 747-8 program and difficult market conditions....

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