Transportation
FedEx beats earnings estimates, forecasts $1 billion cost savings in the next fiscal year
A FedEx truck on Cyber Monday in San Francisco, California, US, on Monday, Dec. 2, 2024. David Paul Morris | Bloomberg | Getty Images FedEx reported better-than-expected quarterly earnings and revenue Tuesday as the company announced it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming […]
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Carnival shares pop on earnings beat and raised full-year outlook
Carnival shares climbed roughly 7% on Tuesday after the cruise line posted stronger-than-expected second-quarter results and raised its full-year guidance. According to the company’s earnings report, the cruise operator posted adjusted earnings of 35 cents per share while beating analyst estimates of 24 cents, according to LSEG. Adjusted revenue came in at at record $6.3 […]
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Uber, Waymo robotaxi service opens to passengers in Atlanta
Waymo partners with Uber to bring robotaxi service to Atlanta and Austin. Uber Technologies Inc. Uber and Alphabet’s Waymo are now offering robotaxi rides to the public in Atlanta, as the companies continue expansion of their partnership. The Waymo robotaxis available through the Uber app will cover approximately 65 square miles around Atlanta, but will not yet […]
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Airlines divert, cancel more Middle East flights after Iran attacks U.S. military base
Airspace over the Middle East on Monday afternoon EDT, according to FlightRadar24. Courtesy: Flightradar24 Airlines diverted more flights in the Middle East on Monday after Iran’s armed forces said the country launched a missile strike on a U.S. military base in Qatar, exacerbating the region’s military conflict. At least six commercial aircraft turned around near […]
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Tesla stock rises as Musk touts ‘successful’ robotaxi Austin launch
A Tesla Inc. robotaxi on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. T Tim Goessman | Bloomberg | Getty Images Tesla‘s driverless robotaxi finally hit the road this weekend, sending shares of the electric vehicle maker up about 5% on Monday. The EV giant debuted autonomous rides in Austin, Texas, on […]
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Shipping groups avoid the Strait of Hormuz to reduce exposure after U.S. strikes on Iran
An Islamic Revolutionary Guard Corps speed boat sailing along the Persian Gulf during the IRGC marine parade to commemorate Persian Gulf National Day, near the Bushehr nuclear power plant in the seaport city of Bushehr, in the south of Iran, on April 29, 2024. Nurphoto | Nurphoto | Getty Images The number of vessels navigating […]
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New Stellantis CEO faces slew of challenges, vows to avoid ‘mediocrity’
Incoming Stellantis CEO Antonio Filosa, head of the company’s Americas operations, greets a Windsor Assembly Plant employee during an event celebrating Chrysler’s 100th anniversary on June 6, 2025. Stellantis DETROIT — “Mediocrity is not worth the trip.” That was part of incoming Stellantis CEO Antonio Filosa’s first public message after being named to lead the […]
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Shipping threats around Arabian Peninsula rising, largest global shipowners organization warns
Refrigerated containers of Maersk shipping lines are stacked at the container terminal of Bremerhaven port on April 22, 2025 in Bremerhaven, Germany. Focke Strangmann | Getty Images News | Getty Images The world’s largest direct-membership organization for shipowners, charterers, shipbrokers, and agents is warning that while it is still unclear how Iran will respond to […]
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Everything we know about Tesla’s robotaxi launch in Austin
Tesla‘s long-overdue robotaxi is finally hitting the streets this weekend, but the rollout may face some roadblocks. The Elon Musk-led electric vehicle company is expected to roll out robotaxis in Austin, Texas, on June 22, with the first driverless trip from the factory to a customer house expected on his birthday, June 28. Musk shared […]
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US judge blocks Trump plan to tie states’ transportation funds to immigration enforcement
US President Donald Trump speaks to the press as workers install a large flag pole on the South Lawn of the White House in Washington, DC on June 18, 2025. Brendan Smialowski | Afp | Getty Images A federal judge on Thursday blocked President Donald Trump’s administration from forcing 20 Democratic-led states to cooperate with […]
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