The airline industry, as well as the world at large, was grounded once covid hit in March of 2020. Eventually some flights were available in 2020 with enhanced safety precautions, but relatively few p...
Tag: Transportation
How JetBlue’s takeover of Spirit could change air travel
Passengers wait in line at the Spirit Airlines check-in counter at Orlando International Airport. Paul Hennessy | LightRocket | Getty Images Spirit Airlines relented this week and agreed to sell itsel...
Tesla Makes More Money Than GM and Ford
Tesla (TSLA) – Get Tesla Inc. Report is further tightening its grip on the U.S. auto sector. The list of trophies won by the manufacturer of premium electric vehicles continues to grow. Elon M...
Procter & Gamble Sounds a Warning After Strong Quarter
Updated July 29, 2022 9:17 pm ET Listen to article (2 minutes) Procter & Gamble maker of Tide detergent and Pampers diapers, is predicting the slowest sales growth in years as consumer belt-tighte...
Masten files for bankruptcy after NASA moon contract struggle
Lunar-focused company Masten Space Systems filed for Chapter 11 bankruptcy protection on Thursday, with the venture winnowed down to a handful of people after layoffs and furloughs. The space company ...
Pilots describe toxic culture and airline errors
The chaos engulfing many major airports in North America and Europe since summer began hasn’t abated much, and news outlets and social media users continue to report on hordes of impatient trave...
Trucking CEOs expect high prices, demand in second half of 2022
Trucks at the entrance to the Port of Oakland in Oakland, California, US, on Thursday, July 14, 2022. Truckers servicing some of the US’s busiest ports are staging protests as state-level labor ...
JetBlue won the battle for Spirit. Now it has to win over Biden’s Justice Department
JetBlue Airlines and Spirit Airlines are seen on the departure board in the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images JetBl...
UPS workers rally in New York to protest hot working conditions
Teamster Local 804 rally in Brooklyn, NY, July 28, 2022. Jack Stebbins | CNBC BROOKLYN, N.Y. – UPS workers rallied Thursday morning to demand that the company provide workers adequate relief during pe...
JetBlue to buy Spirit for $3.8 billion after monthslong fight for discounter
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty...
U.S. Durable Goods Orders Soar 1.9% In June
Getty Images Key Takeaways U.S. durable goods orders increased 1.9% in June, driven by a huge 81% increase in military aircraft orders. Core durable goods orders, which removes transportation, governm...
Spirit Airlines, Frontier terminate deal that was marred by JetBlue’s rival bid
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana, on Monday, Feb. 7, 2022. Luke Sharrett | Bloomberg | Getty Images Spi...
Ford F earnings Q2 2022
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland Ford Motor Company will report its...
Semiconductor stocks have been hit hard, but many are poised for rapid growth. Here are 15 expected to shine through 2024
In December, we listed analysts’ favorite semiconductor stocks for 2022. That hasn’t turned out well. But after chipmakers’ stocks have been hammered, the group is now trading at “normal-level valuati...
Space economy grew to $469 billion in 2021, fastest rate in years: Report
People watch from Canaveral National Seashore as a SpaceX Falcon 9 rocket launches from pad 39A at the Kennedy Space Center in Cape Canaveral, Florida, Feb. 3, 2022. The rocket is carrying 49 Starlink...
Boeing Starliner astronaut capsule charges near $700 million
Boeing’s Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission. NASA Boeing disclosed a charge of $93 million in the ...
Spirit shareholders to finally vote on Frontier deal clouded by rival JetBlue bid
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines sha...
Boeing (BA) 2Q 2022 earnings fall short of estimates
An aerial view of Boeing 777X and Boeing 737 MAX 10 airplanes parked at King County International Airport-Boeing Field, in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing on Wednesd...
Sen. Lindsey Graham introduces legislation to raise mandatory pilot retirement age to 67
A pilot views a departure board at Newark Liberty International Airport (EWR) in Newark, New Jersey, on Monday, Jan. 3, 2022. Christopher Occhicone | Bloomberg | Getty Images As the country’s pi...
GM electric vehicle chat tool aims to fill the ‘EV knowledge gap’
GM launched ‘EV Live,’ a free online platform that connects electric vehicle owners or consumers who have questions about zero-emissions cars and trucks with an expert who can answer them....
A West Coast port worker union is fighting robots. The stakes are high
Shipping containers are transported by automated guided vehicles (AGV) beside gantry cranes on the dockside at the Delta Terminal, operated by Europe Container Terminals BV (ECT), at the Port of Rotte...
Volkswagen CEO Diess to depart; Porsche boss Blume will lead the German auto giant
Herbert Diess, CEO of Volkswagen Sean Gallup | Getty Volkswagen CEO Herbert Diess will leave the company at the end of August, the company said Friday. Oliver Blume, currently the CEO of Volkswagen su...
Here’s what Cadillac’s new $300,000 electric sedan will look like
The Cadillac Celestiq show car previews an upcoming electric sedan for General Motors. GM DETROIT – General Motors on Friday previewed what its most expensive Cadillac ever will look like as the autom...
Volkswagen-backed Northvolt to develop wood-based batteries for EVs
This image from 2007 shows logs and wood chips outside a Stora Enso paper mill in Finland. The firm says it’s “one of the largest private forest owners in the world.” Suzanne Plunket...
A Spirit Deal Is Finally Here. Why J.P. Morgan Says Sell the Stock.
Text size Spirit stock is up more than 17% in 2022. Joe Raedle/Getty Images JetBlue reached a deal to purchase Spirit on Thursday, but while that company prepares to buy Spirit for $33.50 a share, J.P...