A measure offered by Representative Peter DeFazio, top Democrat on the House Transportation and Infrastructure Committee, sought to protect the Federal Aviation Administration from funding disruptions and to address other issues that Republicans view as reasons for transferring air traffic control from the FAA to a new private, nonprofit corporation.» Read More
U.S. Marine commandos stormed a pirate-held cargo vessel off the Somalia coast Thursday, reclaiming control of the ship and taking nine prisoners without firing a shot, the U.S. Navy said.
The number of people dying on the nation's roads has fallen to its lowest level in six decades, helped by a combination of seat belts, safer cars and tougher enforcement of drunken driving laws.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
Public transit ground to a halt across France and on the London Tube on Tuesday, with tourists and commuters bearing the brunt of a wave of discontent over government austerity measures.
Ford, GM and Toyota reported slumping US auto sales in August compared with the same time last year, showing the auto industry has a way to go before it's in a true recovery.
For years, Americans shopping for cars were treated to all sorts of deals and incentives, especially at the end of summer. Think Cash for Clunkers, which paid up to $4,500, or promotions that offered employee discounts to everyone.
Kansas lowered its unemployment rate from the high 8s of last year to today’s 6.5 percent, due in part to a diversified economy and a Kansas-taxpayer-funded transportation program of $6.48 billion 10-year plan that will create and sustain 175,000 jobs.
After Hurricane Katrina, as the city lost billions of dollars in tourism business, the New Orleans Convention and Visitors Bureau embarked on a mission to overcome unprecedented brand impairment. Today, the tourism industry stands taller, stronger than before.
The Katrina anniversary is all about contrasts. More than one resident has called it a tale of two cities and, as cliched as that phrase may be, it certainly applies here. Unemployment is below the national average, but poverty is twice the national rate.
To really know if we have succeeded, to really know if we have created a New Orleans region better than before, we have to go out ten years. Here we will find the “new normal” that will come to pass after the Katrina money has run dry, and the economy is left to stand on its own.
It's a tall order to transform New Orleans by 2030, but that's the aim of the city's new master plan—five years after Hurricane Katrina hobbled this historic place and the surrounding Gulf coast region.
One company taking advantage of China's explosive economy is Expeditors International of Washington. The air and ocean freight giant, touches both the Chinese and US economies.
What do you do if your roads are congested and polluted? Try designing a vehicle that takes up no road space. And make it partly solar powered. The NYT reports.
What are the transports saying about the US economy? Donald Broughton, managing director and senior transportation analyst at Avondale Partners, shared his outlook.
A crate of Scotch whisky that was trapped in Antarctic ice for a century was finally opened on Friday—but the heritage dram won't be tasted by whisky lovers because it's being preserved for its historic significance.
If you’re running a company, do you notice a loss of productivity, caused by one or more of the following changes? Your staff won’t travel or may be uncharacteristically cantankerous and uncooperative in that they refuse to tackle what they usually do routinely—sales calls, closing deals or meeting clients for lunch.
I know he (allegedly) committed a crime. Yes, he cursed on a loudspeaker in front of children. True, he reportedly lists "recovery" as one of his Facebook interests but grabbed two beers on his way out. I love Steven Slater.
The spectacular meltdown of Steven Slater has countless disillusioned travelers venting their frustrations.
The Fast Money desk uncovered what some view as a positive economic sign and spoke with CEO of one company, who's in the middle of it all.