Text size FedEx disappointed investors Thursday with a surprise earnings miss. Benoit Doppagne/BELGA/AFP via Getty Images FedEx stock was tumbling after the company doubly disappointed investors Thurs...
Tag: Transportation
FedEx to Close Offices, Park Aircraft After Warning of Sales Shortfall
Updated Sept. 15, 2022 5:42 pm ET Listen to article (2 minutes) FedEx said its quarterly revenue fell below its expectations and it was closing offices and parking aircraft to offset declining volumes...
FedEx stock tanks nearly 15% after company withdraws outlook, says year is about to get worse
FedEx Corp. shares fell nearly 15% in the extended session Thursday after the logistics company pulled its outlook for the year, called for significantly lower quarterly profit and lower revenue, and ...
FedEx (FDX) earnings Q1 2023 miss estimates
FedEx on Thursday withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume of shipments. “Global volumes declined as mac...
Biden pushed railways, unions to ‘be creative,’ White House says
President Joe Biden urged railway executives and union leaders to be creative and flexible in finding a compromise to avoid a shutdown that could have disrupted the transport of goods across the U.S.,...
Frontier Airlines recently held talks with SpaceX about adding Starlink Wi-Fi
A Frontier Airlines airplane taxis to a gate at Denver International Airport in Denver, Colorado, U.S., on Monday, Feb. 7, 2022. Michael Ciaglo | Bloomberg | Getty Images Frontier Airlines “rece...
Global shipping companies now want to fly their goods too
French company CMA CGM launched its air cargo division in March 2021. Urbanandsport | Nurphoto | Getty Images Ocean freight companies are adding air cargo to their businesses as shippers look for a &#...
Gas-powered muscle car to take on electric rivals
2024 Ford Mustang Source: Ford DETROIT — Ford Motor has always considered the Mustang to be in a league of its own. That may soon prove true, with the seventh generation of the famed American pony car...
Biden announces first round of funding for EV charging network across 35 states
President Joe Biden announced Wednesday the release of the first round of funding for a nationwide electric vehicle charging network, financing the construction of stations in 35 states. “I̵...
United Airlines partners with one-time foe Emirates, will launch Dubai flights
Emirates airlines Boeing 777-31H(ER) takes off from Los Angeles international Airport on January 13, 2021. Aaronp / Bauer-Griffin | GC Images | Getty Images United Airlines and Emirates will sell seat...
Elon Musk Reiterates His Worst Nightmare for The Economy
The markets are slumping as investors worry about the consequences of the Federal Reserve’s aggressive interest-rate hikes, designed to fight an inflation rate that’s the highest in 40 yea...
Ford asks dealers to invest in EVs as it chases Tesla-like profit
Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022. Rebecca Cook | Reut...
Carriers won’t lock out workers, negotiators meet with Labor secretary
Negotiators from railroad carriers and unions met in Labor Secretary Marty Walsh’s office Wednesday as the sides tried to negotiate a deal ahead of Friday’s strike deadline. The meeting st...
SpaceX Starship has potential but not ready yet
Starship prototype #24 conducts a test firing of six of its Raptor engines at the company’s facility near Brownsville, Texas on Sept. 8, 2022. SpaceX PARIS — The leader of a Northrop Grumman sub...
Taiwan Semiconductor Is a Top Pick in a Weak Chip Market, Says Analyst
Text size The Taiwan Semiconductor Manufacturing building in Taichung, Taiwan. I-Hwa Cheng/Bloomberg Bernstein believes investors should look through any immediate hiccups and focus on Taiwan Semicond...
Chrysler to end 300 sedan line after limited edition V-8 model rollout
2023 Chrysler 300C sedan Chrysler DETROIT — Chrysler will bid farewell to its once-prominent 300 sedan by resurrecting a limited edition performance version of the car for its last year of production....
Nikola founder Trevor Milton stands trial on fraud charges
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy ...
Ferrari unveils Purosangue, a 4-door, V-12-powered sports car
Ferrari Purosangue Source: Ferrari Ferrari on Tuesday revealed its new Purosangue, the 75-year-old sports car maker’s first-ever four-door production vehicle. The Purosangue looks like an SUV, a...
Elon Musk Predicts the Near Death of These Cars
Elon Musk undoubtedly has helped change the face of the automobile industry. In less than 20 years, Tesla (TSLA) , which he co-founded, has become the benchmark for what all other carmakers aspire to...
Boeing aircraft deliveries rose to 35 in August as Dreamliners returned
The Lufthansa Boeing 787-9 aircraft stands on its parking position at Frankfurt Airport, with another Lufthansa aircraft in the background. The first Boeing 787-9 jet landed at its new home base in Fr...
SES CEO on satellite broadband company’s difference from SpaceX’s Starlink
PARIS — European satellite broadband operator SES wants to distinguish its services from the likes of industry challengers in SpaceX’s Starlink and Amazon’s Kuiper, as the company looks to...
How the U.S. got hooked on big cars — despite their downsides
Americans love big cars. It gave the world Cadillacs with massive tailfins and oversize pickup trucks. In Europe, for example, small cars like city cars, subcompacts, and compact cars made up more t...
This superbull at JPMorgan who called the summer rally sees a soft landing ahead. Here’s his advice on stocks and oil.
A fifth-straight win was taken off the table after August CPI numbers surprised on the upside. And it looks like there’s nothing to sway the Fed from a 75-basis-point hike this month. Still, when it d...
White House Tries To Avert $2 Billion A Day Transportation Strike
Topline Biden administration officials are continuing to push for a resolution between major freight companies and unions representing thousands of rail workers after some unsuccessful negotiations ov...
Elon Musk Has a Solution for the Energy Grid. And He’s Probably Right.
Text size Tesla sells more than just cars. It sells battery storage solutions to utilities around the globe. Melissa Sue Gerrits/Getty Images Heat, climate change, renewable power, and the grid are al...
Holiday airfare will be most expensive in 5 years as pandemic fears wane
Los Angeles, CA – November 23: An air travel passenger is hugged while being picked up amid a long line of travelers awaiting rides after arriving at Los Angeles International Airport terminal 1...
Ford’s hands-free driving tech in Lincoln Corsair, starting at $40,000
2023 Lincoln Corsair Grand Touring plug-in hybrid electric vehicle Lincoln DETROIT — Ford Motor is expanding the availability of its hands-free highway driving system to Lincoln’s entry-level Co...
‘Simply staggering.’ FedEx hit with downgrades, price target cuts as warning shocks Wall Street.
A profit warning from FedEx was ringing alarm bells for Wall Street and beyond on Friday, with shares of the economic bellwether slumping as analysts piled on downgrades and price target cuts. FedEx F...