Oct 7 (Reuters) – Troubles at American Airlines, a unit of
AMR Corp , could bring the airline closer to a merger
with US Airways , especially if American opts to
restructure in bankruptcy someday, experts say.
Although most analysts do not expect the third-largest U.S.
carrier to restructure in court, some said a speedy,
prepackaged bankruptcy could slash AMR’s labor costs and
position it for consolidation, even if that is not the
WASHINGTON (Reuters) – President Barack Obama intervened on Thursday in stalled contract negotiations at the largest freight railroads, heading off a potential strike by locomotive engineers that could have disrupted shipping nationally.
Signing an executive order to create a presidential emergency board to help resolve the dispute, Obama cited the vital economic importance of rail freight amid faltering economic growth.
Oct 4 (Reuters) – American Airlines may be the most likely
big U.S. airline to go bankrupt, but the sum of its hardships
— high labor costs and weak cash flow — do not add up to an
imminent Chapter 11 filing, according to analysts who study the
Shares of American’s corporate parent, AMR Corp (AMR.N: Quote, Profile, Research, Stock Buzz),
shed 33 percent of their already low value on Monday amid a
selling spree triggered by signs that the company might not
weather a weak fall travel season.
WASHINGTON (Reuters) – Dozens of infrastructure projects could qualify for expedited treatment under a White House plan to create jobs by cutting through regulatory red tape that critics say is holding up important initiatives.
President Barack Obama last month ordered Interior, Agriculture, Housing, Transportation and Commerce Department officials to identify by Friday up to three big projects each that could merit faster environmental approvals and other permits. Funding must already be arranged or identified.
WASHINGTON (Reuters) – Republican leaders in the House of Representatives are willing to try and find more money for highway and bridge construction and transit upgrades as part of long-term transportation funding legislation.
John Mica, chairman of the Transportation Committee, recently received a commitment from leadership to help identify new sources of funding to try to ensure that budgeting over a six-year period would at least meet today’s spending levels, a senior congressional aide told Reuters.
WASHINGTON, Sept 27 (Reuters) – The Obama administration is
expected to push back the release of the most ambitious
proposal ever for automakers to improve fuel efficiency of
their passenger cars, sport utility vehicles and pickups.
The Transportation Department and the Environmental
Protection Agency intended to put out the draft plan for model
years 2017-25 for industry and public comment by the end of
this week. But several sources with knowledge of the matter
said it would not be rolled out for a month or possibly
Sept 26 (Reuters) – To engineers, the Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz)
787 is made from reinforced carbon composites. To everyone
else, the Dreamliner is the world’s first plastic jet.
Boeing’s departure from traditionally reliable aluminum
construction was driven by airlines demanding a big plane that
requires less fuel to operate and is less costly to maintain.
WASHINGTON, Sept 22 (Reuters) – The biggest U.S.
corporations urged Republicans on Thursday to abandon plans to
strip $1.5 billion from a government loan program supporting
efforts to make more fuel-efficient cars and trucks.
The credit subsidy has become a surprise flash point in
stalled congressional efforts to pass short-term spending
legislation to keep the government operating beyond Sept. 30.
WASHINGTON (Reuters) – Senate approved legislation on Thursday to temporarily renew funding for airport and highway improvement projects, averting threatened shutdowns of both programs and job cuts affecting thousands of construction and other workers.
The chamber approved the bill, 92-6, that conveyed legal authority for the government to extend the Federal Aviation Administration and Transportation Department programs through January and March respectively.
WASHINGTON (Reuters) – The House of Representatives, stepping into a labor dispute that has become a political issue, approved legislation on Thursday to limit enforcement powers of a federal labor board in its complaint against Boeing Co.
The Republican-sponsored measure targeting the National Labor Relations Board is unlikely to be enacted due to opposition in the Democratic-led Senate, which is not expected to bring any similar measure up for a vote.