Transportation
U.S. sanctions on Russia hit oil freight rates
Aerial view of a ship at sea. Suriyapong Thongsawang | Moment | Getty Images Oil-linked shipping costs rallied after last week’s announcement of tighter U.S. sanctions to drain Russia’s war coffers, in a move that poses significant threats to Moscow’s maritime distribution chains. On Jan. 10, the U.S. Treasury Department announced fresh measures to […]
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EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty Images DETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last year — marking a landmark year for “green” […]
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Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
A Spirit Airlines plane at New York’s LaGuardia Airport Leslie Josephs/CNBC Spirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November. “We are executing on plans to rightsize our organization to align with our current fleet […]
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Blue Origin’s first New Glenn rocket reaches orbit, misses booster landing
Blue Origin’s New Glenn rocket streaks into orbit after launching from the Kennedy Space Center on its maiden flight, at Cape Canaveral, Florida on January 16, 2025. Gregg Newton | Afp | Getty Images Blue Origin launched its towering New Glenn rocket for the first time on Thursday, in a crucial milestone for Jeff Bezos’ […]
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DOT sues Southwest, fines Frontier for ‘chronically delayed flights’
A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty Images The Department of Transportation on Wednesday sued Southwest Airlines, alleging the carrier operated chronically delayed flights, and fined Frontier Airlines for late-arriving flights. The lawsuit follows a […]
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Firefly Aerospace kicks off first moon mission after SpaceX launch
The company’s Blue Ghost moon lander before shipping out for launch. Firefly Aerospace Another American company, Texas-based rocket and spacecraft builder Firefly Aerospace, is moon-bound. Firefly’s “Blue Ghost” cargo lander launched from Florida early Wednesday morning on SpaceX’s Falcon 9 rocket to begin a 45-day trip. The space transportation company’s first moon mission comes as […]
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Biden administration finalizes crackdown on Chinese vehicles
Chinese made BYD passenger battery electric vehicles and plug-in hybrid electric vehicles collectively known as new energy vehicles in China in a compound in Sheerness, Kent. Issue date: Thursday April 4, 2024. Gareth Fuller | Pa Images | Getty Images President Joe Biden’s outgoing administration is finalizing rules on Tuesday that will effectively bar nearly […]
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Boeing delivered 30 airplanes in December, but gap with Airbus widened in 2024
Boeing 737 Max planes sit at the airport in Renton, Washington. Leslie Josephs | CNBC Boeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with a crisis after a midair door panel blowout a year ago and a machinist strike in the […]
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Southwest Airlines pauses corporate hiring, most summer internships to cut costs
A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024. Daniel Slim | Afp | Getty Images Southwest Airlines is pausing corporate hiring and promotions, suspending most of its summer internships and going without some employee team-building events that […]
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Jeju Air black box data missing from last 4 minutes before crash
The wreckage of the Jeju Air aircraft that went off the runway and crashed at Muan International Airport lies near a concrete structure it crashed into, in Muan, South Korea, December 30, 2024. Kim Hong-Ji | Reuters The two black boxes on the Boeing jet involved in the worst aviation disaster on South Korean soil stopped […]
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