Transportation
FedEx moves to lower costs, withdraws 2023 assistance following initially-quarter shipments disappoint
FedEx on Thursday withdrew its total-calendar year advice and introduced considerable price-chopping measures pursuing what it identified as softness in world volume of shipments. “World-wide volumes declined as macroeconomic developments noticeably worsened later on in the quarter, equally internationally and in the U.S.,” CEO Raj Subramaniam reported in the release. “When this functionality is disappointing, […]
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Biden pushed railways, unions to ‘be creative’ and ‘flexible’ to reach a deal and avoid a shutdown, White House says
U.S. President Joe Biden greets negotiators who brokered the railway labor agreement after U.S. railroads and unions secured a tentative deal to avert a rail shutdown, in the Oval Office at the White House in Washington, September 15, 2022. Kevin Lamarque | Reuters President Joe Biden urged railway executives and union leaders to be creative […]
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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 “recently” held discussions with SpaceX about adding its Starlink satellite internet service to its planes and is more hopeful about adding such a product than […]
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Biden announces tentative railway labor agreement to avert strike
Tank cars filled with oil are seen in storage at the BNSF Railway Company’s Watson Yard in Wilmington, California, U.S. on Tuesday, April 21, 2020. Bing Guan | Bloomberg | Getty Images President Joe Biden announced a tentative railway labor deal early Thursday, a last-minute agreement that averts a national rail strike. The agreement would […]
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‘Awash with cash’: 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 “one-stop shop” to move goods around the world. “We are finding out more and more that our customers really need an end-to-end […]
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Ford unveils new gas-powered Mustang, while muscle car rivals go electric
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. The Detroit automaker on Wednesday unveiled the redesigned 2024 Mustang hardtop and convertible with two gas-powered engines. Meanwhile, […]
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Tesla struggles with Elon Musk’s demanding return-to-office environment plan
Tesla Inc CEO Elon Musk attends the Globe Synthetic Intelligence Meeting (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Tesla CEO Elon Musk enacted a rigorous return-to-office plan this spring, informing staff instantly by email on May possibly 31 that they would will need to “shell out a minimal of forty hours […]
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Biden announces first round of funding for EV charging community across 35 states
President Joe Biden introduced Wednesday the release of the 1st round of funding for a nationwide electric vehicle charging network, funding the building of stations in 35 states. “I am delighted to announce that we’re approving funding for the very first 35 states, like Michigan, to create their personal charging infrastructure during their state,” Biden […]
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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 seats on each other’s planes, marking a turnaround in the business models of the one-time foes. As part of the deal, United said it will […]
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Northrop Grumman exec says SpaceX’s Starship rocket has ‘awesome’ potential but ‘not there 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 subsidiary that’s working with Elon Musk’s SpaceX sees exciting potential in the private space venture’s massive Starship rockets, but warned the industry […]
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