He noted that the FAA ban came on the heels of last week's downing of a passenger jet by a missile in eastern Ukraine. Obama says that before lifting the ban, the FAA worked with Israel on a "checklist of concerns and mitigation measures" to ensure the safety of U.S. airlines. The FAA said the ban was imposed out of concern for the risk of planes being hit by Hamas rockets.» Read More
BEIJING— China's economic growth edged up in the latest quarter and more than 7 million new jobs were created in the first half of the year, easing pressure on communist leaders as they try to prevent a precipitous slowdown in the world's second-largest economy.
WASHINGTON, July 15- The U.S. House of Representatives on Tuesday overwhelmingly passed a $10.9 billion extension of U.S. transportation funding through May 2015, a measure aimed at averting cutbacks in August in federal money for road, bridge and transit projects.
WASHINGTON, July 15- The U.S. refining industry has not agreed to a deal reached by oil producers and railroads on improving the safety of oil tank cars, it said on Tuesday, suggesting a key piece of anticipated reforms remains unsettled.
SEATTLE— Two environmental groups are asking the U.S. Department of Transportation to immediately ban shipments of volatile crude oil in older railroad tank cars, citing recent explosive oil train wrecks and the department's own findings that those accidents pose an "imminent hazard."
LATAM Airlines Group is set to make a loss during the World Cup period, the company’s chairman told CNBC.
NEW YORK— The aircraft-leasing firm CIT Group Inc. has ordered 10 Boeing 787 passenger jets with a list price of $2.5 billion, Boeing said Tuesday. CIT ordered the new, larger version of the 787, which Boeing calls the Dreamliner. According to Boeing, both 787 models use about 20 percent less fuel than similarly sized planes.
The U.S. military granted Lockheed Martin's F-35 the right to fly on Tuesday, raising the odds that the fighter jet could still debut.
In a visit to a government highway research center in Virginia, Obama is expected to tout work on so-called vehicle-to-vehicle and vehicle-to-infrastructure communication technology to improve navigation, according to the White House.
Planes could be hijacked by cyberattackers using complex hacking techniques, experts at Farnborough International Airshow warned.
Airbus could sell 100 or more of its newly launched A330neo planes at this week's Farnborough International Airshow, CEO Tom Enders said.
The explosion occurred at about 1:45 p.m. in a structure outside the airport in Xining, capital of Qinghai province, prompting police to seal off the area and send in a bomb squad, the newspaper China Youth Daily said on its website. Another newspaper, Beijing Times, said a cleaner was slightly injured by flying debris but no one else was hurt.
McLEAN, Va.— President Barack Obama said Tuesday he supports temporary measures to keep federal transportation aid flowing to the states and to keep construction crews on the job, while he also pressed Congress for a more permanent solution to the longstanding shortfall in funding for road and bridge-building projects.
The action cobbles together $10.8 billion by using pension tax changes, customs fees and money from a fund to repair leaking underground fuel storage tanks to keep the federal Highway Trust Fund, which pays for transportation programs nationwide, solvent through May 2015.
The days of long flight delays could be over, with the introduction of virtual reality-style headgear for airline pilots.
WASHINGTON, July 14- Leaders of the U.S. energy and rail sectors have agreed to toughen tanker cars for future oil train cargo and to a schedule to retire older model cars that regulators have deemed unsafe, said two industry sources familiar with the plan. The Transportation Department is expected to outline that safety plan before the end of the month.
CAPE CANAVERAL, Florida— The SpaceX company has launched a rocket packed with communication satellites. On board were six advanced satellites for the New Jersey- based Orbcomm. Space Exploration Technologies Corp.— or SpaceX— is also working to ferry space station cargo for NASA.
After missing flight MH370, the industry is looking at ways to prevent another incident - and big data could be the answer.
July 14- Honeywell International Inc will merge its transportation systems unit into its aerospace division to take advantage of similarities between the businesses, the diversified U.S. manufacturer said on Monday.
Despite an engine fire, Lockheed Martin remains hopeful that its troubled F-35 fighter will make its debut at the Farnborough International Airshow.
U.S. military drones will 'continue to play a role' in the Middle East, one of the Navy's top chiefs tells CNBC.