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Tag Archives: Transportation

Fiat Chrysler and PSA Groupe shareholders approve merger

Fiat Chrysler and PSA Groupe shareholders approve merger

An employee at Fiat Chrysler’s Windsor Assembly Plant works inside the chassis of the Chrysler Pacifica Hybrid in December 2016. Fiat Chrysler Shareholders of Italian-American automaker Fiat Chrysler and France-based PSA Groupe on Monday approved a merger plan to create Stellantis, the world’s fourth-largest automotive group. The voting was one …

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Air travel hits new pandemic high over New Year’s weekend

Air travel hits new pandemic high over New Year's weekend

Passengers at the Miami International Airport Leslie Josephs | CNBC U.S. travel hit a new pandemic high, surging from holiday demand despite new Covid-19 infection levels. More than 1.3 million people passed through Transportation Security Administration checkpoints at U.S. airports on Sunday, 55% of the 2.4 million people TSA screened …

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Boeing 737 Max set to return to U.S. skies after crashes

Boeing 737 Max set to return to U.S. skies after crashes

An American Airlines Boeing 737 MAX airplane takes off on a test flight from Dallas-Fort Worth International Airport in Dallas, Texas, on December 2, 2020. Cooper Neill | AFP | Getty Images MIAMI — American Airlines on Tuesday is set to operate the first U.S. commercial flight of Boeing’s 737 …

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Online shopping leads to strain at Port of Los Angeles

Online shopping leads to strain at Port of Los Angeles

The number of shipments coming through the nation’s busiest container port complex in Los Angeles is up substantially from the first half of the year, reflecting a rebound in business and shift in consumer habits. Port of Los Angeles Executive Director Gene Seroka in an appearance Monday on CNBC said …

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Nikola shares slide after deal ends for EV garbage trucks

Nikola shares slide after deal ends for EV garbage trucks

Nikola Corporation rang the Nasdaq Closing Bell remotely from across the world. Source: The Nasdaq Nikola shares slid 9% Wednesday after the company announced that it has terminated its partnership with Republic Services to jointly develop electric garbage trucks. Nikola said the decision was made after both companies “determined that …

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Airline stocks slide as U.K. cases prompt travel restrictions

Airline stocks slide as U.K. cases prompt travel restrictions

A United Airlines passenger aircraft arrives over the top of residential houses to land at Heathrow Airport in west London, Britain, March 13, 2020. Matthew Childs | Reuters Airline stocks slipped Monday as a highly contagious mutation of Covid-19 found in the U.K. and South Africa prompted travel restrictions by …

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Airlines on track to get $15 billion in federal aid

American Airlines offers $129 at-home Covid tests for U.S. travel

A person walks at Reagan National Airport ahead of the Thanksgiving holiday in Arlington, November 25, 2020. Hannah McKay | Reuters U.S. airlines are on track to get $15 billion in federal aid to pay workers under the latest bipartisan coronavirus stimulus package, according to people familiar with the matter. …

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Pent-up demand will sustain Covid boom in RV sales

Pent-up demand will sustain Covid boom in RV sales

Winnebago CEO Michael Happe told CNBC on Friday he expects the coronavirus pandemic-inspired surge in recreational vehicle sales to last into next year. The comments came after the Forest City, Iowa-based company reported strong quarterly results that exceeded Wall Street expectations. Investors cheered the quarter Friday, with shares of Winnebago …

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General Motors, Ford won’t mandate Covid-19 vaccinations for employees

General Motors, Ford won't mandate Covid-19 vaccinations for employees

Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. Ford General Motors will not require employees to receive Covid-19 vaccinations to return to physical office locations or continue …

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Can you travel to Europe without quarantining? A new program allows it

Can you travel to Europe without quarantining? A new program allows it

­­­­­­­­­­­­­­­­­­­New preflight testing programs are allowing a small number of Americans to have a European Christmas holiday this year after all. On Tuesday, Delta Air Lines launched a Covid-19 testing program for customers flying from Atlanta to Amsterdam, while a second program is scheduled to start on Saturday for Delta …

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FedEx (FDX) earnings Q2 2021

FedEx (FDX) earnings Q2 2021

A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC. Drew Angerer | Getty Images News FedEx generated better-than-expected profits and revenue during its most recent quarter as the coronavirus pandemic continues to bolster high volume of U.S. and international package deliveries, the company …

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EV start-up Canoo unveils new vehicle ahead of NASDAQ debut

EV start-up Canoo unveils new vehicle ahead of NASDAQ debut

Canoo’s van – known as a multipurpose delivery vehicle, or MPDV, because of the ways it can be upfitted – is designed for commercial customers. Canoo Electric vehicle start-up Canoo unveiled a new delivery van Thursday ahead of its public debut on the NASDAQ next week. The futuristic-looking van – …

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Why cheap cars are disappearing from dealer showrooms

Why cheap cars are disappearing from dealer showrooms

The category of new cars costing less than $20,000 has shrunk in recent years, and it may keep younger buyers out of the market for a car, pushing them further toward ride-sharing and other forms of transportation. Data from J.D. Power shows that sales of cheap cars fell off a …

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What to expect from a skiing holiday this winter

What to expect from a skiing holiday this winter

When a Covid-19 outbreak emerged at one of Rob Katz’s Colorado ski resorts in March, he knew it was going to be a game changer. “It was a defining moment,” the Vail Resorts CEO told CNBC. “I immediately felt a different level of responsibility.” That was true not only for …

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AST & Science going public through SPAC at $1.8 billion valuation

AST & Science going public through SPAC at $1.8 billion valuation

AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Special purpose acquisition company New Providence will take next-generation satellite broadband specialist AST & Science public through a SPAC deal that gives the space company an equity value of $1.8 billion, the firm announced Wednesday. AST will …

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Astra Rocket 3.2 reaches space after launch from Alaska

Astra Rocket 3.2 reaches space after launch from Alaska

Astra launches Rocket 3.1 from Kodiak, Alaska on Sept. 12, 2020. John Kraus | Astra San Francisco-area startup Astra became the latest U.S. rocket builder to reach space on Tuesday, with the successful launch of its Rocket 3.2 vehicle from Kodiak, Alaska. The rocket came just shy of reaching orbit, with …

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United Airlines starts flying Pfizer vaccine on U.S. passenger flights

United Airlines starts flying Pfizer vaccine on U.S. passenger flights

United is the first commercial airline to fly the first FDA-authorized COVID-19 vaccines to the U.S. thanks to a coordinated effort between cargo, safety, technical operations, flight operations and several other teams at United. On behalf of Pfizer, United operated five cargo-only flights in early December delivering COVID-19 vaccines from …

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Auto industry wants more government support for electric vehicles

Auto industry wants more government support for electric vehicles

The leading lobbying group for the U.S. auto industry is calling on policymakers to help support the adoption of electric vehicles through incentives, infrastructure investment and other regulatory means. Without suggesting a cost for such EV stimulus programs, the Alliance for Automotive Innovation said now is the time for “substantial, …

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Virgin Galactic SPCE stock drops after aborted spaceflight test

Virgin Galactic SPCE stock drops after aborted spaceflight test

SpaceShipTwo “Unity” on the runway after an aborted spaceflight test on Dec. 12, 2020. Virgin Galactic Virgin Galactic’s stock fell in premarket trading on Monday after the space tourism company cut short its latest spaceflight test mid-launch on Saturday due to an engine ignition issue. “The flight did not reach …

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How and when will I get it?

How and when will I get it?

The first Covid vaccine has just been cleared for emergency use in the U.S. Late Friday, the Food and Drug Administration authorized the Pfizer-BioNTech coronavirus inoculation for distribution across the country.  Within hours, FedEx and United Parcel Service will begin shipping 2.9 million doses of the vaccine from Pfizer plants …

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Virgin Galactic aborts spaceflight attempt in New Mexico

Virgin Galactic aborts spaceflight attempt in New Mexico

Virgin Galactic’s carrier aircraft releases its spacecraft Unity during a glide flight test. Virgin Galactic Virgin Galactic confirmed its latest spaceflight test was cut short after its SpaceShipTwo vehicle “Unity” attempted to launch above New Mexico on Saturday. While no passengers were on board, Unity was piloted by CJ Sturckow …

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Amazon, Panasonic Preparing for Demand of Battery Recycling

Amazon, Panasonic Preparing for Demand of Battery Recycling

Inside every smartphone and tablet lies a dense brick with a dark and complex history: its battery. The lithium that ferries charge back and forth likely started out in South American salt flats, where months of evaporation consumes millions of tons of water in some of the world’s driest regions. …

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GM’s Cruise begins testing autonomous vehicles in San Francisco

GM's Cruise begins testing autonomous vehicles in San Francisco

Two self-driving Chevy Bolt EV cars are seen during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, U.S. November 28, 2017. Elijah Nouvelage | Reuters Cruise, a majority-owned subsidiary of General Motors, has started testing self-driving vehicles without driver monitors in San Francisco, the company …

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Uber sells its flying taxi business to Joby Aviation

Uber sells its flying taxi business to Joby Aviation

Joby air taxi eVTOL demonstrator. After more than six years of secret development, Joby Aviation lifts the lid on its innovative eVTOL air taxi program. Source: Joby Aviation The air taxi business is at least a couple of years from taking off, but it’s already seeing consolidation among start-ups. California-based …

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Ford F-150 ‘Tremor’ pickup announced with new off-road adds

Ford F-150 'Tremor' pickup announced with new off-road adds

2021 Ford F-150 Tremor Ford Ford Motor is expanding its highly profitable truck lineup with a new off-road “Tremor” model for the F-150 pickup. The 2021 F-150 Tremor, announced Tuesday, features all-terrain equipment upgrades in addition to several new features of a redesigned version of the pickup, which is arriving …

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Boeing reports more 737 Max cancellations in November

Boeing reports more 737 Max cancellations in November

Boeing 737 Max airplanes sit parked at the company’s production facility on November 18, 2020 in Renton, Washington. David Ryder | Getty Images Boeing on Tuesday said it logged more cancellations than orders for its 737 Max plane last month, just as carriers are preparing to return the jets to …

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American Airlines offers $129 at-home Covid tests for U.S. travel

American Airlines offers $129 at-home Covid tests for U.S. travel

A person walks at Reagan National Airport ahead of the Thanksgiving holiday in Arlington, November 25, 2020. Hannah McKay | Reuters American Airlines will start offering travelers $129 at-home Covid-19 tests, results that can help them avoid quarantines as long as two weeks. The initiative, which starts Wednesday for travel …

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SpaceX Starlink wins nearly $900 million in FCC subsidies auction

SpaceX Starlink wins nearly $900 million in FCC subsidies auction

SpaceX deploys 60 Starlink satellites in orbit. SpaceX The Federal Communications Commission awarded Elon Musk’s SpaceX with nearly $900 million worth of federal subsidies to support rural broadband customers through the company’s Starlink satellite internet network, the agency announced on Monday. SpaceX won $885.5 million in the FCC’s $9.2 billion …

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NASA will pay a company $1 to collect moon rocks

NASA will pay a company $1 to collect moon rocks

A photo of the moon taken by SpaceIL’s Beresheet spacecraft in orbit. SpaceIL NASA will pay an amazingly low price – a dollar – to have a company make a single small collection of moon dirt on the agency’s behalf. Colorado-based start-up Lunar Outpost bid $1 and won a NASA …

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IBM uncovers global email attack on Covid vaccine supply chain

IBM uncovers global email attack on Covid vaccine supply chain

Joachim Kuhn, chief executive officer of Vac-Q-Tec, looks at global distribution screens at the company’s factory in Wurzburg, Germany, on Wednesday, Nov. 18, 2020. Alex Kraus | Bloomberg | Getty Images IBM cyber security analysts on Thursday said they uncovered an email phishing scheme targeting global coronavirus vaccine supply chains, …

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‘Highly confident’ SpaceX will land humans on Mars by 2026

'Highly confident' SpaceX will land humans on Mars by 2026

Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at the SpaceX launch facility in Cameron County, Texas, U.S., on Saturday, Sept. 28, 2019. Musk gave space fans an update Saturday evening on the status of “Starship,” the next-generation vehicle his …

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Time to test the limits of e-commerce

Time to test the limits of e-commerce

An employee wearing a protective mask scans a package at an Amazon.com Inc. fulfillment center in Kegworth, U.K., on Monday, Oct. 12, 2020. Chris Ratclifre | Bloomberg | Getty Images Cyber Monday will put retail websites and warehouses to their biggest test yet. The industry is bracing for what is …

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First ‘mass air shipment’ of Pfizer’s Covid vaccine arrives as airlines prepare for more

First 'mass air shipment' of Pfizer's Covid vaccine arrives as airlines prepare for more

The Federal Aviation Administration said it supported the “first mass air shipment” of Covid-19 vaccines on Friday, as pharmaceutical companies and airlines prepare networks for broad distribution. United Airlines carried Pfizer‘s Covid-19 vaccine from Brussels to Chicago O’Hare International Airport, according to people familiar with the matter. Ahead of the …

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SpaceX’s Starship test flight may be as early as Wednesday

SpaceX's Starship test flight may be as early as Wednesday

BOCA CHICA, TX – SEPTEMBER 28: Space enthusiasts look at a prototype of SpaceX’s Starship spacecraft at the company’s Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas. Loren Elliott | Getty Images News | Getty Images SpaceX may attempt the next test flight of its …

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The race to be Tesla of electric bikes

The race to be Tesla of electric bikes

The Harley-Davidson LiveWire electric motorcycle doesn’t have big sales yet, but CEO Jochen Zeitz recently remarked during an earnings call, “It’s also attracting new riders, new customers to the brand that might not have considered Harley-Davidson before.” Source: Harley-Davidson Tesla reached a $500 billion market valuation this week, a sign …

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Siemens, Deutsche Bahn plan trial of hydrogen-powered train

Siemens, Deutsche Bahn plan trial of hydrogen-powered train

The Deutsche Bahn AG logo photographed on the Bahntower, Potsdamer Platz, Berlin. Christoph Soeder | picture alliance | Getty Images Siemens Mobility and Deutsche Bahn have laid out plans to develop and trial a hydrogen fuel-cell train, in the latest example of major firms turning to a technology which could …

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Nissan is trying to bounce back from turmoil and losses

Nissan is trying to bounce back from turmoil and losses

Japanese automaker Nissan has a history of saving itself from the brink of disaster. Right now it is trying to repeat the trick. Like all other automakers, the company is losing money from the coronavirus pandemic. But it’s also trying to recover from some self-inflicted wounds by former Nissan executives, …

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JPMorgan ‘skeptical’ about GM producing Nikola badger pickup

JPMorgan 'skeptical' about GM producing Nikola badger pickup

Nikola Motor Company Source: Nikola Motor Company JPMorgan is “skeptical” about Nikola finalizing a deal with General Motors to produce an electric pickup truck called the Badger for the embattled vehicle start-up. Instead, JPM analyst Paul Coster expects the two companies to renegotiate a previously announced $2 billion deal without …

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Coronavirus pandemic and EVs prove GM’s worth to investors

Coronavirus pandemic and EVs prove GM's worth to investors

As ride-hailing companies Uber and Lyft rose to popularity and e-scooters popped up across major U.S. cities earlier this decade, industry analysts predicted the beginning of the end of car ownership. That meant “traditional” automakers such as General Motors would have to evolve or die. In an effort to spur …

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Hong Kong looks to mainland China for next air travel bubble

Hong Kong looks to mainland China for next air travel bubble

SINGAPORE — Hong Kong is hopeful its next “air travel bubble” could be with mainland China, the executive director of the city’s tourism board has said. Dane Cheng told CNBC such plans would hinge on the success of the forthcoming Hong Kong-Singapore travel corridor. But he noted that adding a …

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Consumer reports pans Tesla Models S and Y

Consumer reports pans Tesla Models S and Y

Brand new Tesla Model S cars sit on front of a Tesla showroom on August 2, 2017 in Corte Madera, California. Tesla will report second-quarter earnings today after the closing bell. Justin Sullivan | Getty Images  Consumer Reports is no longer recommending Tesla’s Model S and is panning the reliability …

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GM to accelerate EV plans, plans to spend up to $27 billion

GM to accelerate EV plans, plans to spend up to $27 billion

2022 GMC Hummer EV sport utility truck GM General Motors is increasing and accelerating its rollout of all-electric vehicles as the automaker attempts to compete against industry leader Tesla as well as an influx of new competitors in the emerging market. The Detroit automaker said Thursday it will spend $27 …

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GM to offer auto insurance using data from connected vehicles

GM to offer auto insurance using data from connected vehicles

After enrolling in OnStar Smart Driver, customers with eligible vehicles receive ongoing driving behavior feedback, such as hard braking, hard acceleration, late night driving and distance driven. GM General Motors is relaunching an auto insurance division as a way to generate new revenue using data from its growing numbers of …

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UK electric vehicle maker Arrival is going public via SPAC

UK electric vehicle maker Arrival is going public via SPAC

LONDON — British electric vehicle start-up Arrival announced Wednesday that it will go public through a merger with a U.S. blank-check company. This year has seen a flurry of SPACs, or special purpose acquisition companies, come to market as businesses have shunned the traditional initial public offering process. SPACs are …

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Why Americans are wasting money on premium gasoline

Why Americans are wasting money on premium gasoline

The word “premium” suggests high quality, the best of the best. But what is commonly called “premium gasoline” is a waste of money for countless drivers. Thanks in part to the coronavirus, gas prices have been relatively low compared with the soaring ones seen roughly a decade ago. At the same …

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Here’s what you should know

Here's what you should know

The Crew Dragon Resilience spacecraft in the hangar ahead of the Crew-1 mission SpaceX CAPE CANAVERAL, Florida — SpaceX is set to make history once again this year, as Elon Musk’s space company prepares to launch the Crew-1 mission for NASA on Sunday evening. NASA and SpaceX completed the required …

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Emirates working with Pfizer, others on vaccine transport ‘challenge’

Emirates working with Pfizer, others on vaccine transport ‘challenge’

An Airbus A380-800 passenger plane of the Emirates Airlines at Moscow’s Domodedovo Airport. Mikhail Tereshchenko | TASS | Getty Images Emirates is working with global pharmaceutical companies, including Pfizer, to address the logistical challenges of distributing coronavirus vaccines, according to Emirates President Tim Clark. “The industry is trying to establish …

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JetBlue to stop blocking seats on board in January

JetBlue to stop blocking seats on board in January

JetBlue planes at a gate at John F. Kennedy International Airport in New York. Mark Kauzlarich | Bloomberg | Getty Images Get ready to fight over the armrest again. JetBlue Airways on Thursday said it will sell all seats on its flights starting Jan. 8. It is the latest carrier …

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NASA certifies Elon Musk’s SpaceX to carry astronauts in Crew Dragon

NASA certifies Elon Musk's SpaceX to carry astronauts in Crew Dragon

SpaceX spacecraft Crew Dragon “Resilience” on the launchpad ahead of the Crew-1 launch for NASA. SpaceX The National Aeronautics and Space Administration on Tuesday announced it certified SpaceX’s Crew Dragon capsule and Falcon 9 rocket to carry astronauts to-and-from orbit, the first U.S. spacecraft certification by the agency since the …

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