Jan 27- Troubled logistics company UTi Worldwide Inc said it would cut several senior positions and no longer maintain regional infrastructure as a way to reduce costs, just a month after Edward Feitzinger took over as chief executive. Feitzinger replaced Eric Kirchner, who had led the company for six years. The restructuring will result in annual savings of...» Read More
It's now illegal (again) for women to ride bicycles in North Korea. The country's leader Kim Jung Un reinstated his father's absurd law, but only after he lifted the ban last year. The GlobalPost reports.
Investigators are focusing on the lithium-ion batteries used in the new Boeing 7878 Dreamliner.
New rental car service Silvercar lets customers reserve an Audi A4, unlock its door and drive away via your smartphone. No need to visit the often slow car rental counter.
The decrepit state of the nation's infrastructure will knock more than $3 trillion off the nation's GDP through the end of the decade if more money isn't spent to upgrade the country's roads, bridges, airports and ports, according to a new report from the American Society of Civil Engineers.
Japan's transport minister acknowledged that passenger confidence in Boeing's new 787 Dreamliner jet is at stake,as both Japan and the United States have opened broad and open-ended investigations into the plane after a series of incidents that have raised safety concerns.
The International Longshoremen's Association and the U.S. Maritime Alliance (USMX)are racing to avert a Feb. 7th strike of 14,500 longshoremen members in 14 major East Coast ports, including hubs in New York and New Jersey.
United Parcel Service said the European Commission has informed the company that it is working on a decision to prohibit UPS's proposed acquisition of TNT Express NV.
Elio Motors plans to roll out a two-seater car that gets 84 miles per gallon in 2014.
The FAA's special review of Boeing's 787 Dreamliner is significant but not so unusual that the new jet is in danger of being grounded, airline analysts told CNBC Friday.
Even as the federal government was announcing a new reliability review of Boeing's new 787, the Secretary of Transportation was defending the safety of the Dreamliner.
The FAA is conducting a comprehensive review of the design, manufacture and assembly of the Boeing 787, even while government officials declared the plane safe despite recent incidents including a fire and a fuel leak earlier this week.
The FAA will conduct a special review of the Boeing 787 Dreamliner power system, CNBC has learned from sources Thursday. The review will likely examine the design and manufacturing process of the plane, and could take several weeks, perhaps even a couple of months.
A senior Boeing engineer said Wednesday the plane maker has "extreme confidence" in the 787 Dreamliner, despite three of mishaps this week, including a battery fire.
AMR Corp, the parent of American Airlines, said brighter business prospects might let equity holders receive some value from its reorganization.
One day after a Dreamliner caught on fire, Boeing found itself facing another 787 with problems. This at a time when the aviation company said it has traced the source of the fire to a lithium ion battery.
A fuel leak forced a Boeing 787 Dreamliner operated by Japan Airlines to return to the gate at Boston's Logan International Airport Tuesday, canceling its scheduled takeoff in the second mishap in as many days with the new jetliner.
Have you ever heard of the vehicle miles traveled tax? No? Well get ready to hear more about it, because the vehicle miles traveled tax, or VMT, is the latest way states are looking to make up for falling gas tax revenues.
Jets are heading off to their final resting place at a rate similar to cars as airlines scrap aircraft at earlier stages, according to new research.
The CEO of Zipcar, which was taken over this week by Avis, told CNBC about a new plan to get around the annual fee.
Iron ore exports to China from Australia's Port Hedland, a bellwether for Chinese industrial activity, surged 25 percent in December from the previous month to a record level, shipping data showed.
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