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.
This is about transforming our fleet so we'll have the youngest fleet in the industry. Discussing the airline's Q2 results and its historic aircraft order, with Thomas Horton, AMR Corp. & American Airlines president.
Major airlines are out to report this week. A look ahead of the results, with Helane Becker, Dahlman Rose and CNBC's Phil LeBeau.
CNBC.com has compiled a list of the countries with world's fastest trains based on the highest speeds that trains have reached. Here's the list!
The worst job market since the Great Depression has stunned millions of Americans. Unemployment is having a huge impact on the individual, family and community.
Every day India’s cities hum with the sound of hundreds of motorcycles precariously weaving their way through traffic. For most riders the two-wheeler is the cheaper and more flexible alternative to a car but for a growing band of more affluent Indians owning a customised superbike has become the ultimate symbol of the country’s new-found wealth. The FT reports.
Southwest Airlines is known for its low-priced fares and unmatched profitability in the industry—38 profitable years in a row, according to the company. Part of the profitability comes from Southwest’s ability to get airplanes in and out of the gate faster than its competitors.
CNBC's Jane Wells reports that JetBlue is offering $4 plane tickets to avoid Carmageddon, but Stephanie Howard found out too late.
Insight on what automakers are allowing drivers to use without being distracted, with Brian Cooley, CNET.com.
If you live in Los Angeles, you know that this weekend the 405 freeway will be completely shut down—completely—between the 10 and the 101 freeways. They're calling it "Carmageddon," and it is the end of the world as we know it. This is a town where freeways are more important than world peace.
Here, we take a look at the evolution of air travel: the good, the bad and the inbetween — they're all "firsts" that changed the industry.
Forty years ago, Southwest Airlines made its debut as a small airline in Dallas, Texas, struggling to keep pace in the business. Today, Southwest is the top domestic carrier in the United States. But on the way to becoming the travel bellwether it is now, Southwest has been met with plenty of tension and turbulence.
Southwest suffers from the same ills that plague the rest of the industry: cycles of boom followed by bouts of financial Armageddon, severe competition, and overregulation. Our exception is attributable to the way our employees have responded to these challenges by taking care of each other and taking care of our customers.
Chesapeake Energy is spending $1 billion on a three-pronged plan to "break the headlock" of OPEC oil dependency, CEO Aubrey McClendon told CNBC Tuesday.
Don't expect cramped seats or endless delays on these flights. These airlines were ranked as the world's best.
The week's top business news and investment advice, including retail picks, gaming stocks and railway bets.