TRANSPORT BRIEFS

TRANSPORT BRIEFS

CONTINENTAL FORESEES

FOURTH-QUARTER LOSS

WASHINGTON - Continental Airlines Inc. said it still is not attracting its share of higher-fare business travelers and it expects to lose money in the final three months of 1993.

In a filing with the Securities and Exchange Commission, amending a previous registration to sell 7.2 million shares of common stock, the Houston- based air carrier said its operations lost money in the first half of 1993 even though it was collecting more money from each passenger.

The airline reported third-quarter net income of $12.4 million, or 53 cents a share. The airline credited its summer profit to cost-cutting efforts and a new service offering frequent, low-fare short flights on the East Coast.

Continental emerged from 2 1/2 years of Chapter 11 bankruptcy reorganization in April.

RAIL EUROPE OFFICIAL

TO SPEAK AT LUNCHEON

WASHINGTON - Dag Scher, director of Rail Europe, will be the speaker at the Transportation Table luncheon Friday at the National Press Club.

He will discuss "New Developments in Europe's High-Speed Rail Network, Can It Be a Model for the U.S." The event, which has a press conference format, is sponsored by The Journal of Commerce and Traffic World magazine.

For reservations, call India Jackson at The Journal of Commerce, (202) 383-6100.

The next luncheon, on Dec. 10, will feature as speaker Robert A. Young, president of ABF Freight Systems Inc., a major trucking company based in Forth Smith, Ark.