Update: The Department of Transportation has issued a statement regarding the ban, clarifying that the ban is effective this Saturday, October 15, 2016, at noon ET. As reported, the Galaxy Note 7 is not allowed as carriage on your person, in carry-on bags or in checked baggage, and can't even be shipped as air cargo.

"We recognize that banning these phones from airlines will inconvenience some passengers, but the safety of all those aboard an aircraft must take priority," said Transportation Secretary Anthony Foxx in the statement. "We are taking this additional step because even one fire incident inflight poses a high risk of severe personal injury and puts many lives at risk."

Update 2: Samsung has released a statement of its own:

"Samsung, together with carriers, is working to communicate the U.S. Department of Transportation's new order to ban all Galaxy Note7 devices in carry-on and checked baggage on flights. We have encouraged airlines to issue similar communications directly to their passengers. Any Galaxy Note7 owner should visit their carrier and retail store to participate in the U.S. Note7 Refund and Exchange Program now. We realize this is an inconvenience but your safety has to remain our top priority."