NEW YORK— The New York subway system was a gleaming symbol of American ingenuity when it opened in 1904. Now it rattles along past aging stops, controlled by cloth-insulated electrical wiring and signal devices almost as old as the tunnels themselves. The Metropolitan Transportation Authority has a $29 billion modernization plan that would add high-tech...» Read More
The Chinese rating agency best known for downgrading US sovereign debt last year, has come under fire domestically for giving the country’s embattled railway ministry a higher rating than the government. The FT reports.
With the military jealously guarding its control of the airspace, wealthy Chinese hobbyists fly clandestinely. The NYT reports.
Goldman Sachs lowered expectations for Ford and JPMorgan offered a dim outlook for AMR and other airline stocks this week.
Central Banks jump into the gold trade and stock up on reserves. Insight on whether individual investors should follow their lead and insight on whether the sell off in transports is a sign of things to come for the market and Pete Najarian takes a look at Apple hanging in tough in a weak tape.
Major automakers posted July U.S. sales that ticked higher from the slump of recent months, but failed to dispel doubts about the strength of the economy and the mood of American consumers
The FAA is seeking an extension on temporary funding to end a partial shutdown that's gone on for nearly two weeks. Insight with Ray LaHood, Secretary of Transportation.
Ford Motor is recalling 1.1 million pickup trucks because the gas tanks can fall off and cause fires.
Companies like ServiceMaster, ServPro, Disaster Kleenup International and the Signature Group are ready to mobilize workers by the hundreds to respond to catastrophe for days and weeks on end.
Private-sector meteorologists are selling customized weather data to a myriad of enterprises — from agriculture to construction to transportation .
After days of growing public fury over last month’s high-speed train crash and the government’s reaction, Chinese authorities have enacted a virtual news blackout on the disaster except for positive stories or information officially released by the government. The NYT reports.
Which cities are the most dangerous to drive in? Click to see the 15 cities that ranked the worst for fatalities per 100,000 population.
Sharply divergent climate change policies on opposite sides of the Atlantic are setting off political fireworks as European environmental regulators prepare to extend their reach across the ocean. Starting Jan. 1, the European Union will require all carriers entering or leaving its airports to either reduce their emissions or pay a charge — whether the airline is United, Air France or Lufthansa.
While inconsistent and bumpy, the U.S. economy is slowly showing signs of improvement, Ryder System CEO Gregory Swienton told CNBC Wednesday.
In the last year and a half, many rail experts in China have warned that the country’s rush to build the world’s longest and fastest high speed rail network in record time was a recipe for disaster. The FT reports.
The Fast Money traders weigh in on shipping companies, automakers and copper, and analysis on energy earnings, with Fadel Gheit, Oppenheimer & Co.
On Friday, Congress failed to approve the extension of a bill to keep the Federal Aviation Administration running. This mean the agency can no longer impose the various federal taxes that airlines add to the price of each ticket. Instead of passing this savings on to consumers, many airlines are keeping rates the same and pocketing the difference, the New York Times reports.
A deadly train accident in eastern China has added to a national sense of unease that safety may have been sacrificed in the country’s rush to modernize. The NYT reports.
Union Pacific expects to ship more coal, farm commodities and other products in the second half of the year, at higher prices if the economy allows, CEO Jim Young said Thursday.
The economic bellwether is trading higher after reporting a record Q2 earnings. Insight on what this indicates for the overall economy, with Jim Young, Union Pacific chairman/CEO.
Insight on AMR's largest order in history, with Jason Gursky, Citi defense analyst and CNBC's Phil LeBeau.