Transportation
Why driving big rig trucks is a job fewer Americans dream about doing
A Walmart truck departs the company’s distribution center in Washington, Utah. Bloomberg | Bloomberg | Getty Images In April, Walmart made headlines by announcing that it will pay its private fleet truck drivers as much as $110,000 in their first year with the big-box retailer, up from an average starting salary of $87,000. Yellow Corp., […]
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JPMorgan trims price target for Tesla, says shares could fall more than 40% on weaker deliveries
Shares of Tesla could still fall more than 40% from here as the electric vehicle maker faces challenges ramping up deliveries, according to JPMorgan. Analyst Ryan Brinkman reiterated an underweight rating and trimmed the price target for Tesla, saying in a Tuesday note that the firm lowered its second-quarter and full-year earnings estimates after the […]
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Ford reports slight uptick in sales that misses analysts’ expectations
Electric Ford F-150 Lightning Andrew Evers / CNBC DETROIT – Ford Motor on Tuesday reported a slight increase in second-quarter new vehicle sales that missed the expectations of automotive analysts. Ford said second-quarter sales rose 1.8% compared to a year earlier, including a 31.5% increase in June. Analysts expected the Detroit automaker’s sales to increase […]
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Airbus reportedly cancels deal with Qatar Airways for fourth A350
An Airbus A350 for Qatar Airlines aircraft at Fiumicino International Airport, Rome, May 13th, 2021. Massimo Insabato | Mondadori Portfolio | Getty Images Europe’s Airbus has revoked a contract for a fourth A350 ordered by Qatar Airways in an ongoing dispute over damage to the painted surface of the long-haul jets, three people familiar with […]
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More than 1,800 flights canceled over holiday weekend: FlightAware
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Phil LeBeau joins ‘Squawk Box’ to break down how major airlines held up over the busy holiday weekend amid a slew of recent delays and cancellations. Source
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U.S. flight disruptions finally ease as the holiday weekend winds down
Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images U.S. airline delays eased on Monday as weather improved, bringing welcome news for travelers and airlines as the July Fourth holiday weekend comes to an end. As of midday Monday, 980 U.S. flights were […]
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Bezos slams Biden’s call for gasoline stations to cut prices
Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence on September 20, 2021 in New York City. Michael M. Santiago | Getty Images News | Getty Images Amazon.com founder Jeff Bezos renewed his spat with the White House over the weekend, as the world’s third-richest person […]
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There are limited hopes that the airline industry’s problems will improve in the coming months, says analyst
Ruxandra Haradau-Doser, head of airlines and airports equities research at Kepler Cheuvreux, discusses employee strikes, flight cancelations and the rise in Covid rates. Source
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German road traffic agency says 59,000 Tesla vehicles have software glitch
Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. Christian Marquardt | Getty Images Germany’s road traffic agency said it was recalling Tesla models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles […]
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Ryanair cabin crew in Spain announce 12 new days of strikes in July
A Ryanair aircraft, which was carrying Belarusian opposition blogger and activist Roman Protasevich and diverted to Belarus, where authorities detained him, lands at Vilnius Airport in Vilnius, Lithuania May 23, 2021. Andrius Sytas | Reuters Spain-based cabin crew at Ryanair plan to strike for 12 days this month to demand better working conditions, the USO and […]
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