Transportation
Maersk CEO flags strong demand ‘pretty much everywhere’ except for the U.S. as outlook raised
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty Images Danish shipping giant Maersk on Thursday posted stronger-than-expected second-quarter operating profit, citing continued focus on operational improvements despite unprecedented geopolitical volatility. The company, widely considered a barometer of global trade, reported […]
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General Motors, Hyundai to develop five vehicles amid rising competition
The General Motors headquarters inside the Renaissance Center in Detroit on April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images General Motors and Hyundai Motor on Wednesday outlined plans to develop five vehicles as they seek to lower costs amid growing competition from nimble Chinese rivals. Four of the vehicles — a compact SUV/car/ […]
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Lyft misses quarterly revenue estimates on competition, weak US travel demand
An empty Lyft pickup area is shown as ride-share drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights,” in Los Angeles on Aug. 20, 2020. Mike Blake | Reuters Lyft missed second-quarter revenue estimates on […]
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Amazon’s Zoox robotaxi unit clears regulatory hurdle, safety probe
Amazon’s Zoox robotaxi unit is ramping up vehicle production at a new facility in Hayward, California. Zoox Amazon‘s Zoox has cleared a key regulatory hurdle, paving the way for demonstrations of its self-driving robotaxis. The National Highway Traffic Safety Administration said Wednesday that it granted Zoox an exemption from some requirements, a first for U.S.-built […]
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Uber beats on revenue, announces $20 billion stock buyback
Dara Khosrowshahi, CEO of Uber, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback. Here’s how the company did versus analysts’ estimates compiled by LSEG: Earnings per […]
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Tesla sales in Britain and Germany fall by more than 55% as China’s BYD soars
Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. Brandon Bell | Getty Images Tesla‘s new car sales plummeted in both Britain and Germany in July, according to industry data published Tuesday, extending a protracted European downturn for the U.S. electric automaker. Data published by the U.K.’s Society of […]
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Alaska Airlines to launch London, Iceland flights, debut new livery for international expansion
A sample of Alaska Airlines’ new livery for its Boeing 787-9 Dreamliners. Source: Alaska Airlines: Alaska Airlines is starting flights from Seattle to London and Reykjavik, Iceland, next May, adding to its global expansion following its acquisition of Hawaiian Airlines last year. Alaska plans to fly daily between Seattle and London’s Heathrow Airport on its Boeing 787-9 […]
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Firefly Aerospace lifts IPO range that would value company at more than $6 billion
Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, U.S., July 9, 2025. Sergio Flores | Reuters Firefly Aerospace has lifted the share price range for its upcoming initial public offering in a move that would value the space technology company at more than $6 […]
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More than 3,000 Boeing defense workers go on strike after rejecting contract
A worker performs quality checks on a Boeing Co. F/A-18 Super Hornet fighter aircraft at the Boeing Defense, Space & Security facility in St. Louis, Missouri, U.S., on Monday, July 24, 2018. Alex Flynn | Bloomberg | Getty Images Some 3,200 Boeing defense unit workers went on strike early Monday hours after turning down a […]
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JFK airport’s $9.5 billion international terminal is taking shape. See what’s inside
The future ticket counter at JFK’s new Terminal 1. Leslie Josephs/CNBC It’s far from finished but the new, $9.5 billion Terminal 1 at John F. Kennedy International Airport is taking shape. Its first phase is slated to open in mid-2026. It will replace the current terminal, which opened in 1998. The terminal, which will be […]
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