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  • WASHINGTON, May 19- UPS has agreed to pay $25 million to settle some allegations that it submitted false claims to the U.S. government in an attempt to hide late deliveries, according court documents unsealed on Tuesday and released by the U.S. Department of Justice. The federal government as well as nineteen states, the District of Columbia and the cities of...

  • BERLIN, May 19- German industry warned that a train drivers' strike that began on Tuesday, the ninth in 10 months, could cost Europe's biggest economy 100 million euros a day and hurt its image as an industrial and logistics hub. Freight services in Germany were disrupted as drivers at rail operator Deutsche Bahn went out on a strike organised by the GDL union,...

  • BEIJING, May 19- China has unveiled a vision for the next stage of its economic ascent, moving from plain manufacturing to a world of prosperity from space, e-commerce, green energy and bioengineering, among others. Faced by economic growth at its lowest level in decades and rising wages and resource costs that are eroding its appeal as a low-cost factory for the...

  • BEIJING, May 19- A Chinese consortium of Ruili Airlines, a privately-owned start-up budget carrier, and two leasing firms has signed a deal to buy 60 B737 MAX jets from Boeing Co for 38 billion yuan, the official Xinhua News Agency said late on Monday. One-year-old Ruili, based in southwestern China's Yunnan province, aims to expand its fleet to 56 jets by the end of...

  • No fatalities have been reported from the defect so far, the National Highway Traffic Safety Administration said on Monday. "Nissan is cooperating fully to answer the agency's questions regarding this issue in a timely manner. Nissan is committed to a high level of customer safety, service and satisfaction, " Nissan North America spokesman Steve Yaeger said.

  • May 18- U.S. vehicle safety regulators have launched a preliminary evaluation of about 130,000 Nissan Versa cars after receiving complaints about fractures in the front suspension coil spring. Some owners of these cars have complained that the fractures could lead to tire puncture or brake line damage while driving, the National Highway Traffic Safety...

  • Amtrak trains rolling on busy Northeast Corridor Monday, 18 May 2015 | 7:00 AM ET
    Amtrak train car on teh 5:30am from Penn Station days after a deadly derailment.

    Amtrak trains began rolling on the busy Northeast Corridor early Monday, the first time in almost a week following a deadly crash.

  • May 18- Summer travel on U.S. airlines is expected to reach an all-time high this year on the wings of a strong U.S. economy, Washington- based trade group Airlines for America said on Monday. The top three nonstop international destinations from the United States are Canada, Mexico and the United Kingdom, the group said. Strong U.S. domestic demand is poised to...

  • Amtrak ordered to take rail safety steps after crash Sunday, 17 May 2015 | 6:46 AM ET
    Men walk towards the site of a derailed Amtrak train in Philadelphia, May 13, 2015.

    Amtrak must take immediate steps to improve the safety of its busiest route after a derailment in Philadelphia that killed eight passengers and sent more than 200 to hospitals.

  • May 15- Delta Air Lines Inc said on Friday that Amtrak customers whose tickets were canceled because of Tuesday's train crash in Philadelphia can fly between New York and Boston or Washington for free on Delta's shuttle service for the next four days. The Atlanta- based airline is adding seats along the Eastern Seaboard in response to the crash by flying more...

  • Rallying together for a ride Friday, 15 May 2015 | 4:44 PM ET
    Rallying together for a ride

    Rally Bus connects you with other riders who are traveling to the same event or destination and delivers high-end buses for transport. How the service works, with founder and CEO Numaan Akram.

  • LISBON, May 15- Portugal's government has received three bids for the struggling state-owned flag carrier TAP in its second attempt to privatise the heavily indebted airline since 2012, Transport Secretary Sergio Monteiro said on Friday. One of the interested parties was Brazilian-American businessman David Neeleman, the founder of U.S. airline JetBlue...

  • Icahn hitches ride with Lyft Friday, 15 May 2015 | 3:39 PM ET
    A Lyft customer gets into a car on January 21, 2014 in San Francisco.

    Famed investor Carl Icahn is leading a round of $150 million in new funding for Lyft. Discussing what the move means for the ride-sharing company, with CNBC's Kate Rogers and Andrew Romans, Rubicon Venture Capital.

  • Transports run out of steam: Pro Friday, 15 May 2015 | 3:24 PM ET
    Transports run out of steam: Pro

    Stock brawl! Carter Worth, Conerstone Macro, predicts downside in the transports, while Gary Bradshaw, Hodges Capital Management, sees value in the space.

  • With Friday's 1600 GMT deadline for binding offers now past, Transport Secretary Sergio Monteiro and Treasury Secretary Isabel Castelo Branco will hold a news briefing at 8 p.m., a spokesman at the economy ministry said. Neeleman is the founder of U.S. airline JetBlue and CEO of Azul Brazilian Airlines. Another source close to the privatisation process said...

  • DETROIT, May 15- Google Inc's self-driving cars will begin testing on public roads this summer, but they will have steering wheels and brakes, which is not what the company described a year ago. When the Internet search company announced a year ago that it planned to build a fleet of self-driving cars, project director Chris Urmson said the prototypes "won't have a...

  • Transport Secretary Sergio Monteiro and Treasury Secretary Isabel Castelo Branco will hold a news briefing at 8 p.m., three hours after the deadline for binding offers, a spokesman at the economy ministry said. Brazilian vice president Michel Temer said last month he had discussed the sale of TAP with Brazilian airlines, citing Gol, Azul, Avianca and TAM, owned by...

  • Transport Secretary Sergio Monteiro and Treasury Secretary Isabel Castelo Branco will hold a news briefing at 8 p.m., three hours after the deadline for binding offers, a spokesman at the economy ministry said. Brazilian vice president Michel Temer said last month he had discussed the sale of TAP with Brazilian airlines, citing Gol, Azul, Avianca and TAM, owned by...

  • DETROIT, May 15- Google Inc's self-driving cars will begin testing on public roads this summer, but it turns out they will have steering wheels and brakes, which is not what the company envisioned a year ago. When the Internet search company announced a year ago that it planned to build a fleet of self-driving cars, project director Chris Urmson said the prototypes "...

  • Crumbling railways put passengers at risk Friday, 15 May 2015 | 9:38 AM ET
    Investigators and first responders work near the wreckage of Amtrak Northeast Regional Train 188, from Washington to New York, that derailed yesterday May 13, 2015 in north Philadelphia, Pennsylvania.

    Decades of underinvestment in outmoded infrastructure have put millions of railroad passengers at risk.

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