AUSTIN, Texas, Dec 26- With high-speed rail in the United States long on plans and short on construction, a Texas company is aiming to fast-track service between Dallas and Houston. The Texas Central Railway Company plans to use private investment and Central Japan Railway bullet train technology to run a line between two of the largest U.S. cities.» Read More
Security fears triggered by the air freight bomb plot could increase the costs of global trade and fuel debate over the technology needed to screen packages and who should pay for it, transport officials said on Sunday.
The mail bomb plot stretching from Yemen to Chicago may have been aimed at blowing up planes in flight and was only narrowly averted, officials said Sunday, acknowledging that one device almost slipped through Britain and another seized in Dubai was unwittingly flown on two passenger jets.
A Qatar Airways spokesman says a parcel carrying the mail bomb found in Dubai traveled on two separate passenger planes.
Two volcanoes erupted Thursday on Russia's far-eastern Kamchatka Peninsula, tossing massive ash clouds miles into the air, forcing flights to divert and blanketing one town with thick, heavy ash.
Is there an easier solution to fixing the economy? Should we look at cutting military benefits? Taxing religious property? Selling national park land? Share your opinion.
On some long haul flights to the U.S., Air New Zealand is introducing the Skycouch, which turns a row of three seats in coach into a bed. Some dub it "Cuddle Class", and it debuted earlier this year.
Norfolk Southern posted a 47 percent rise in third-quarter profit on Wednesday, thanks in part to higher shipments of coal.
Maine’s economy has always been reliant on its wealth of natural resources, and one in particular: water, first as a hub for shipbuilding and dam-powered factories, and now as a site for renewable energy.
Wearing a neck brace as a result of the plane crash he survived in the Alaskan wilderness two months ago, Shaun O’Keefe, EADS North America CEO, told CNBC Friday that he continues to fly because it’s generally safe—safer than traveling in a car.
The United Airlines-Continental merger is good for the industry and also for Southwest, its CEO and chairman Gary Kelly, told CNBC Thursday.
Interest in vintage or collectible motorcycles is still strong despite the weak economy, but, warns one broker. "It’s like buying art. Buy something you like because you may have to live with it.”
Every good movie is filled with drama and plot twists, not unlike the economy right now. And every good movie must have a great soundtrack. So, if you had to create a soundtrack for the economy right now, which song would lead the way? Share your opinion.
Mercedes-Benz is recalling about 85,000 of its 2010 and 2011 cars because of potential steering problems.
U.S. Transportation Secretary Ray LaHood says New Jersey's governor has agreed to take the next two weeks to rethink his decision to cancel a massive NJ-NY rail tunnel project.
According to several trade groups in the trucking industry, there could be a shortage of drivers next year, and the estimates range from 200,000 to as many as 500,000.
Business investment, not government stimulus, will create jobs, Frederick Smith, chairman and CEO of FedEx, told CNBC Friday.
Gov. Chris Christie cited estimates that the project could be more than $2.5 billion over its budget of $8.7 billion, reports The New York Times.
Car rentals are nearly back to 2007 levels, Andy Taylor, CEO and chairman of Enterprise Holding Co., the world’s largest car rental company, told CNBC Friday.
Boeing says one of its 787 test airplanes had some maintenance trouble during its first flight and the pilot chose to land the plane early.