TAG · Economy
Analysts offered mixed assessments of the auto and transport sector on Monday, with geopolitical tensions in the Middle East, surging demand related to artificial-intelligence data centers, and shifting airline capacity shaping the…
3 MIN READA 25-year-old Houston man is accused of using a fake boarding pass to board a United Airlines flight at George Bush Intercontinental Airport in mid-May, then hiding in a restroom as the plane taxied toward the runway, according to court…
3 MIN READAn estimated 206 Afrikaner refugees have resettled in Ohio under the Trump administration's program for white South Africans, but they have encountered major obstacles from state driving laws that require $500 and up to nine months to…
3 MIN READGray whales, once rare in San Francisco Bay, are increasingly appearing in the waterway as climate change reduces their Arctic food supply — a shift that has put them in the path of ship traffic and killed seven of 16 whales seen in the…
4 MIN READPepsiCo is operating 35 driverless trucks on public roads in Arizona, becoming the first major U.S. consumer-goods company to deploy autonomous trucks at commercial scale. The trucks, outfitted with sensors and computers from…
3 MIN READFive people were injured in a mass stabbing at New York City's Penn Station on Sunday evening, and a male suspect is in custody, officials said.
3 MIN READCheap, fast electric dirt bikes known as e-motos have become some of the most popular motorcycles in the United States, drawing a wave of young riders while prompting police crackdowns and new legislation from New York to Illinois. The…
5 MIN READThe average vehicle on U.S. roads is about 13 years old, a historic high, as drivers hold onto cars longer due to high prices, elevated interest rates and improved vehicle durability. The shift is reshaping the economics of the auto…
3 MIN READStifel analysts initiated coverage of FedEx Freight, the newly independent less-than-truckload carrier spun off from FedEx on June 1, citing a recovery in the U.S. industrial economy that could boost freight demand. The analysts said the…
3 MIN READAmerican Airlines said it is temporarily suspending service on selected routes in August and September, citing elevated jet fuel costs amid the ongoing U.S. war with Iran. The Texas-based carrier said affected travelers will be offered…
3 MIN READA 49-year-old Sacramento man was arrested over the weekend after attempting to pass through a security checkpoint at Sacramento International Airport carrying what federal authorities described as an explosive device powerful enough to…
3 MIN READHonolulu's bike-share system Biki has lost more than 800 bikes since its launch nearly a decade ago, with vandalism and wear reducing its fleet of 1,000 to just 478 by the end of April, according to city officials.
3 MIN READJetBlue Airways raised its second-quarter revenue outlook Monday, citing strong travel demand across all geographies as the carrier works to offset fuel costs that have climbed above its prior expectations.
3 MIN READU.S. and international aviation authorities have issued new guidelines for carrying rechargeable lithium-ion portable battery chargers on flights following a series of smoke and fire incidents, the Associated Press reported June 4.
3 MIN READ
Three mule deer have been captured on camera using the partially completed $20 million wildlife bridge over Route 97 in Siskiyou County, the first documented use of California's first over-highway wildlife crossing designed to reduce…
3 MIN READThe National Transportation Safety Board said the captain of a United Airlines flight from Venice, Italy, was flying too slow and too low before the Boeing 767 struck a light pole and a tractor-trailer while landing at Newark Liberty…
3 MIN READFord is recalling almost 420,000 vehicles in the U.S. because of a seat belt retractor issue that could prevent the belts from retracting or extending, increasing the risk of injury in a crash, according to the National Highway Traffic…
3 MIN READA UK parliamentary bill that would impose fines on airlines for damaging or losing wheelchairs and failing disabled passengers passed its second reading in the House of Lords on Tuesday, with Paralympic champion Baroness Tanni…
3 MIN READSpiro, an electric vehicle company operating across Africa, secured $215 million in equity financing on Monday to expand its battery-swapping infrastructure and mobility services on the continent. The investment round drew backing from…
3 MIN READFedEx Freight CEO John Smith said autonomous tractor-trailer technology is ready for commercial use but regulatory approval remains the biggest hurdle, in an interview published by the Wall Street Journal on Sunday. Smith spoke shortly…
3 MIN READCastlelake, a US investment fund that primarily lends to the airline industry, has made a possible takeover approach for easyJet, the British budget carrier said on June 1. EasyJet characterized the approach as "highly opportunistic,"…
3 MIN READUber Technologies plans to launch a robotaxi program in Munich, Germany, partnering with Israeli artificial-intelligence startup Autobrains Technologies and Nvidia to deploy autonomous vehicles on European roads pending regulator approval.
3 MIN READMarket analysts issued updated ratings and sector assessments for major auto and transport companies on June 1, with investment firms evaluating the potential impact of a Castlelake bid for easyJet, Chinese electric-vehicle chip…
3 MIN READOfcom has launched an investigation into Royal Mail after nearly a quarter of first-class mail failed to arrive on time in the year to March, in the latest regulatory action against the UK's universal postal service.
3 MIN READThe United Kingdom's government has proposed creating a national database that would allow airlines to share information on disruptive passengers and potentially bar them from flying with any carrier. Officials from the Department for…
3 MIN READUS private credit firm Castlelake is weighing a takeover bid for easyJet that would value the European budget airline at about £3bn, the companies said Monday. easyJet rejected the overture as "highly opportunistic," saying its share price…
3 MIN READThe U.S. Postal Service announced Thursday it has finalized a multi-year, $10 billion agreement to handle last-mile delivery for DHL eCommerce, the e-commerce arm of German logistics giant DHL.
3 MIN READTravelers holding airline miles and credit card rewards points will find their balances don't stretch as far this summer, as jet fuel prices elevated by the Iran war drive up airfares and baggage fees, according to travel experts and Labor…
3 MIN READFerrari on Monday rolled out its first fully electric car, the Luce, showing the model to Italy’s President and Pope Leo XIV, but the leap into battery power came as other luxury automakers retreat from ambitious electrification plans and…
3 MIN READThe travel industry condemned a threat by Homeland Security Secretary Markwayne Mullin to withdraw U.S. Customs and Border Protection officers from airports in so-called “sanctuary cities,” saying the move could jeopardize international…
3 MIN READAirline miles and points may buy fewer flights and perks this summer as higher jet-fuel costs push up airfares and add fees, according to travel and credit-card rewards experts. The Associated Press reports that airfares in April were 21%…
3 MIN READThe Michigan House on Thursday passed a bill that would give Mackinac Island authority over ferry services, including prices for fares, parking, and baggage handling. The legislation now goes to Gov. Gretchen Whitmer, and it would take…
3 MIN READHouse Homeland Security Committee members held a hearing on Wednesday about ways to modernize the Transportation Security Administration as the Trump administration seeks to shift screening work to private contractors at about 250 smaller…
3 MIN READAfter nearly a year deployed, the aircraft carrier USS Gerald R. Ford returned to Naval Station Norfolk, Virginia, last weekend, bringing about 3,500 sailors home. Families crowded the pier as the ship’s tour stretched from the coast of…
3 MIN READThe travel industry condemned Homeland Security Secretary Markwayne Mullin after he reiterated a threat to withdraw U.S. Customs and Border Protection officers from airports in “sanctuary cities,” a move the industry says could disrupt…
3 MIN READTrains resumed on the Long Island Rail Road after a deal ended a strike that shut down the busiest U.S. commuter rail system, officials said. The first trains left New York City’s Penn Station and Grand Central Terminal shortly after noon…
3 MIN READHouse Homeland Security lawmakers held a hearing on Wednesday on how to “modernize” the Transportation Security Administration, as the Trump administration pushes to shift airport screening to private contractors at about 250 smaller…
3 MIN READThe National Transportation Safety Board said a flaw tied to engine mounting parts went unnoticed on a UPS MD-11 before a crash last year that killed 15 people. In testimony during a two-day hearing, NTSB officials and aviation experts…
3 MIN READNew York’s Long Island Rail Road resumed service after a deal reached to end a strike that shut down the country’s busiest commuter rail system, with the first trains leaving Penn Station and Grand Central Terminal shortly after noon…
5 MIN READOregon voters went to the polls Tuesday to choose party nominees for governor, U.S. Senate and House seats, and to decide a ballot measure that would raise gas taxes and vehicle fees to fund transportation infrastructure projects.…
3 MIN READTrains are rolling again on the Long Island Rail Road after a deal was reached to end a strike that shut down the busiest commuter rail system in the United States.
3 MIN READNegotiators on Monday reached a tentative agreement to end the strike that shut down the Long Island Rail Road, North America's busiest commuter rail system, according to New York Gov. Kathy Hochul.
3 MIN READTrains resumed on the Long Island Rail Road on Tuesday after a deal was reached to end a strike that shut down the busiest commuter rail system in the U.S., officials said. The first trains departed from New York’s Penn Station and Grand…
3 MIN READRyanair CEO Michael O'Leary on January 21 dismissed Elon Musk's idea of purchasing the budget airline, brushing off insults as a public feud escalated over whether to install Starlink satellite Wi-Fi on aircraft. O'Leary told an Irish…
4 MIN READThe sudden shutdown of Spirit Airlines in early May, coupled with jet fuel price spikes driven by the Iran war, is eliminating the cheapest flight options for budget-conscious U.S. travelers just before the summer season, industry experts…
3 MIN READSpirit Airlines shut down in early May, and a lawyer for the defunct budget carrier apologized in bankruptcy court to price-conscious passengers who may now struggle to find affordable alternatives. The collapse comes as airlines face…
3 MIN READNegotiators for the Long Island Rail Road and five striking unions worked past 10:30 p.m. Sunday, trying to avert a Monday commute disruption for hundreds of thousands of riders, after the nation’s largest commuter railroad shut down early…
3 MIN READNegotiators reached a deal Monday to end the strike that stalled service on the Long Island Rail Road, New York’s busiest commuter rail system, the Associated Press reported. New York Gov. Kathy Hochul said the deal will not raise fares or…
3 MIN READLos trabajadores del Long Island Rail Road de Nueva York comenzarán una huelga el sábado 16 de mayo, según líderes sindicales, después de que las negociaciones con la Autoridad Metropolitana de Transporte (MTA) terminaran el viernes sin un…
4 MIN READWorkers on New York's Long Island Rail Road went on strike early Saturday after contract negotiations with the Metropolitan Transportation Authority ended without an agreement, suspending service on North America's most heavily used…
3 MIN READFrench authorities allowed asymptomatic passengers off a British cruise ship in Bordeaux late Wednesday after confirming a norovirus outbreak that has sickened 60 passengers and four crew members. The operator, Ambassador Cruise Line, said…
3 MIN READFrench authorities allowed passengers unaffected by a norovirus outbreak on the British cruise ship Ambition to disembark in Bordeaux, while others remained on board, according to the operator and French health officials. The ship had been…
3 MIN READNORTH BERGEN, N.J. — The Gateway Development Commission has begun assembling massive tunnel-boring machines that will dig a new $16 billion commuter rail tunnel beneath the Hudson River, marking a major milestone in one of the largest U.S.…
4 MIN READAllegiant Air said Wednesday it has completed its purchase of Sun Country Airlines, finalizing a deal that merges two low-cost carriers at a turbulent time for the budget airline industry following the recent collapse of rival Spirit…
3 MIN READAllegiant Air said Wednesday it completed its purchase of Sun Country Airlines, finalizing a deal that combines two low-cost carriers as jet-fuel costs strain budget airlines after Spirit’s shutdown. The Las Vegas-based company said the…
3 MIN READNORTH BERGEN, N.J. — Giant tunnel-boring machines have arrived for a new Hudson River rail tunnel project connecting New Jersey to Manhattan, as workers prepare to start drilling later this year. The project, led by the Gateway Development…
3 MIN READThe Iran war’s closure of the Strait of Hormuz has cut off bunker fuel supplies to the global maritime industry, driving up prices at the world’s largest refueling hub and raising fears that higher shipping costs will spread through supply…
4 MIN READA supply crunch for bunker fuel—used to power ships—has emerged as the Iran war disrupts access to the Strait of Hormuz, with Asia’s major refueling hub, Singapore, facing rising prices and dwindling reserves. Shipping companies have begun…
3 MIN READThe automotive experts at Edmunds have laid out four strategies for hybrid-car shoppers to minimize the extra upfront cost and maximize long-term fuel savings, in guidance shared with The Associated Press. With gasoline prices remaining…
3 MIN READGas prices and rising vehicle costs are pushing more shoppers to consider hybrids, and Edmunds says it’s important to choose the right model to recoup the added upfront cost. In 2026, the automaker-selection process should start with…
3 MIN READOregon voters will decide whether to repeal a gas-tax increase in the May 19 primary, a referendum that pits the state's need for road-repair funding against the highest gasoline prices since the Iran war began. The Democratic-controlled…
3 MIN READPresident Donald Trump on Monday nominated David Cummins to lead the Transportation Security Administration after the agency’s bruising experience during the longest partial government shutdown in history. The TSA has been overseen by…
3 MIN READOregon Democrats’ gas tax increase is headed to voters on Oregon’s May 19 primary ballot, with Republicans pushing a referendum just as the war with Iran has driven up pump prices across the United States. The measure, approved by Oregon’s…
3 MIN READEthiopia is pushing a faster transition to electric vehicles as fuel shortages and soaring prices, amplified by the Iran war, ripple through transport and daily life across Africa. The Associated Press reports that Ethiopia has expanded EV…
3 MIN READPresident Donald Trump has nominated government-contracting executive David Cummins to head the Transportation Security Administration, the agency announced Monday, tapping an outsider to steady an agency battered by the longest partial…
3 MIN READBolivia is seeing more people switch to electric cars as gasoline shortages and higher fuel prices follow the end of long-standing subsidies. The Associated Press reports that some residents in and around La Paz, including in El Alto, are…
3 MIN READU.S. President Donald Trump has announced “Project Freedom” to guide ships out of the Strait of Hormuz, but the effort was paused days later as negotiations on ending the Iran war continued. Shipping companies say the uncertainty is still…
3 MIN READNew Jersey Transit is lowering a planned $150 round-trip fare to MetLife Stadium for the upcoming World Cup to $105, following a directive from Gov. Mikie Sherrill to find alternative funding to cushion the cost for fans.
3 MIN READNew Jersey Transit is reducing a planned $150 round-trip train fare to MetLife Stadium for World Cup matches to $105, state officials said May 7. The move follows outcry over the steep cost of getting to East Rutherford for the tournament,…
3 MIN READAirAsia is ordering 150 Airbus A220-300 jets in a deal valued at about $19 billion at list prices, Airbus said. The airline announced the order Thursday at an Airbus factory in Mirabel, Quebec, where Canada’s Prime Minister Mark Carney…
3 MIN READA late spring snowstorm swept across parts of Colorado on Wednesday, closing schools and disrupting travel as slushy roads and slick conditions prompted warnings from the National Weather Service. The storm eased through the day, but…
3 MIN READSpirit Airlines has stopped flying and on Tuesday secured court approval to begin dismantling the airline and liquidating its remaining assets. U.S. Bankruptcy Judge Sean Lane authorized the plan after a hearing in New York, clearing the…
3 MIN READSpirit Airlines announced Saturday that it is ceasing all operations and beginning an immediate wind-down of the carrier after 34 years, citing unsustainable jet fuel costs driven by the war with Iran. The ultralow-cost budget airline,…
3 MIN READSpirit Airlines ceased operations on May 2, 2026, after its final flight from Detroit landed in Dallas, ending a 34-year commercial run that pioneered ultra-low-cost travel in the U.S. before soaring jet fuel prices and mounting debt…
3 MIN READSpirit Airlines, the ultra-low-cost carrier known for its bright yellow planes and provocative ads, ceased operations on Saturday after 34 years, canceling all flights and leaving thousands of passengers stranded and 17,000 workers facing…
3 MIN READSpirit Airlines said Saturday it has gone out of business after its final flight, ending a 34-year effort built around low fares and “unbundled” add-ons. The shutdown comes as the airline struggled through bankruptcies and rising costs…
3 MIN READSpirit Airlines said it is shutting down after 34 years and stopping all operations immediately, canceling all flights. The company said its customer service is no longer available.
3 MIN READSpirit Airlines said Saturday it has gone out of business after 34 years, following a second round of bankruptcy filings and what it called unsustainable operating conditions driven by higher oil prices. The company said it has canceled…
3 MIN READU.S. low-cost carrier Spirit Airlines shut down after its flight operations collapsed, leaving travelers stranded and scrambling for options to get home. The U.S. Department of Transportation and consumer advocates urged passengers to act…
3 MIN READ
