What a horrible year: Rivian would be tempted to say. Everything went wrong on the stock market for the young electric vehicle manufacturer, considered one of Tesla’s most serious rivals. Let&...
Tag: Transportation
Airlines cancel 10,000 flights and scramble to rebook travelers
An American Airlines plane is de-iced as high winds whip around 7.5 inches of new snow at Minneapolis-St. Paul International Airport Thursday, December 22, 2022. Star Tribune Via Getty Images | Star T...
Elon Musk Warns About a Bad Decision
The deterioration of the economic climate has been one of the main concerns for investors for several months now. This is reflected in particular in the fall of nearly 33% of the Nasdaq 100 stock mar...
Stocks Limp Toward 2023 as the Data Show Few Signs of a Clear Direction
Stocks limped on the low volumes of the pre-Christmas week, battered by conflicting data and leaving investors with a muddled outlook going into 2023. It’s a dynamic in which good news and bad news te...
FedEx, UPS warn on delays, airlines cancel more flights
An American Eagle plane taxis during a snow storm at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Tuesday, Dec. 20, 2022. David Ryder | Bloomberg | Getty Images FedEx and ...
Elon Musk Returns To Old Promises And Insane Prediction
Elon Musk has heard the critics. Though he does not admit to having neglected the manufacturer of electric vehicles Tesla (TSLA) – Get Free Report since he decided to buy Twitter, the whimsica...
Stocks remain overpriced, even vs. the dot-com bubble. But you can still find good picks in these 2 sectors.
After stocks surged to their best gains in three weeks following strong consumer sentiment data, Thursday is looking less spirited with stocks in the red as we close in on the long Christmas weekend. ...
Supply chain managers expect problems to continue through 2024
Bloomberg | Bloomberg | Getty Images More than half of logistics managers at major companies and trade groups say they do not expect the supply chain to return to normal until 2024 or after, according...
Airlines cancel flights before Christmas
Workers deice an Alaska Airlines plane during a snow storm at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Tuesday, Dec. 20, 2022. David Ryder | Bloomberg | Getty Images A...
Head of United Airlines pilot union resigns after comments surface
A United Airlines passenger aircraft prepares to leave its gate and taxi to the runway at San Francisco International Airport in San Francisco, California. Robert Alexander | Getty Images The newly el...
Test driving GM, Ford and Tesla ‘hands-free’ systems
The 2023 Lincoln Corsair will offer the company’s next-generation ActiveGlide hands-free advanced driver assistance system (ADAS) for highway driving including lane-changing, in-lane positioning...
Auto execs less confident in EV adoption amid economic fears: KPMG
A NYC charging station seen in the Yorkville neighborhood of New York City. Adam Jeffery | CNBC DETROIT — Global automotive executives are less confident about the rate of adoption of electric vehicle...
FedEx (FDX) earnings Q2 2023
FedEx said Tuesday it would cut $1 billion more in costs after weak demand ate into its quarterly profit. The company in September announced cost-cutting measures that included parking planes and clos...
Porsche starts production of e-fuel that could provide gas alternative
Barbara Frenkel, member of the executive board for procurement at Porsche, (left) and Michael Steiner, member of the executive board for development and research fuel a 911 with e-fuel at a pilot plan...
Biden unveils stricter emissions rules for heavy-duty trucks
EPA Administrator Michael Regan gives remarks at an event on new national clean air standards for heavy-duty trucks near the U.S. Environmental Protection Agency Headquarters on December 20, 2022 in W...
JFK taxi dispatch system hacked, New York men arrested for conspiracy
Arriving passengers line up to get taxi outside of Terminal 4 at the JFK airport in New York. Jewel Samad | AFP | Getty Images Two New York men were arrested for conspiring with Russian nationals to h...
Postal Service to buy 66,000 electric vehicles to transform fleet
Three United States Postal Service (USPS) mail trucks are parked in front of the post office in Danville. On July 20, the USPS announced that at least 40 percent of its Next Generation Delivery Vehicl...
Treasury delays electric vehicle tax credit guidance until March
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht...
Lucid raises $1.5 billion from Saudi public wealth fund, others
Lucid Motors CEO Peter Rawlinson claps after ringing the opening bell at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business ...
California And China’s Secret Weapon On Transportation Electrification
Car market heavyweights China and California are leading the world’s transition to electric vehicles (EVs), and their ambition will have an outsized impact on transportation electrification due to the...
Nike, FedEx, Micron, General Mills, and Other Stocks for Investors to Watch This Week
A bevy of economic data and several notable companies reporting will keep investors busy this week, before things slow down for the holidays. On Tuesday, Nike FedEx and General Mills release quarterl...
FedEx and Nike earnings will hold vital hints on holiday-shopping strength
After investors raced for the exits following their last earnings reports, package-deliverer FedEx Corp. and athletic-gear maker Nike Inc. will try it again. And they’ll offer important reads on deman...
Tesla’s New Factory Location Revealed
Tesla and Elon Musk are about to keep a promise. On January 26, the billionaire entrepreneur announced that the automotive group would reveal the locations of its new factories before the end of the ...
Elon Musk Sounds the Alarm Over a Brewing Automobile Crisis
The auto sector is one of the victims of the aggressive interest rate hikes by the Federal Reserve to crush inflation, which is at its highest in 40 years. According to experts, this monetary policy ...
Record quarter as revenue climbs
Will Marshall, Co-Founder & CEO of Planet Inc., celebrates his company’s listing on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reute...
Delta 2023 earnings forecast sees ‘robust’ travel demand
Delta Air Lines Airbus A330-300 landing at Athens International Airport AIA ,LGAV / ATH Eleftherios Venizelos, with registration N806NW, a former Northwest Airlines Airplane. Nicolas Economou | NurPho...
Carnival stock is suffering its worst year on record, but looks ‘overly compelling’ to this analyst
Shares of Carnival Corp. have had a really bad year, even worse than the pandemic year of 2020. And that’s what makes Stifel Nicolaus analyst Steven Wieczynski believe the stock is now “overly compell...