FedEx Cost Cuts Aim to Save $2.7 Billion
FedEx Corp. expects to save as much as $2.7 billion this fiscal year through wide-ranging cost-cutting measures in response to weakening business conditions.
Air Travel Rises to Post-Pandemic High Despite US Warning
U.S. air travelers rose to the most in more than eight months as flyers brushed aside the advice of public health officials to avoid trips around the Thanksgiving holiday.
Boeing’s 2020 Gets Worse as Lost Max Orders Top 400
Boeing Co.’s lousy year got even worse in July, as lost orders for the grounded 737 Max topped 400 and the coronavirus pandemic stymied shipments of the 787 Dreamliner.
US Rejects Additional Flights Sought by Chinese Airlines
U.S. officials rejected additional flights proposed by Chinese airlines but said they would reconsider if the Beijing government adjusts its policies affecting American passenger carriers.
Auto-State Lawmakers Mobilize Push to Help Revive Car Industry
A bipartisan group of House lawmakers from states with a large auto industry presence is mounting a push to aid the sector that has idled factories and seen car sales plummet due to the coronavirus.
Carmakers Pledge 5 Million ‘Talking Cars’ in FCC Airwaves Bid
The U.S. auto industry will deploy millions more wireless systems to help prevent traffic collisions if the Federal Communications Commission abandons a proposal that would take away most of the radio frequencies reserved to carry those signals, according to an industry trade association.
SoftBank-Backed Nuro Gets OK for Driverless Delivery Tests in California
Nuro Inc. has won permission to test driverless, low-speed delivery vehicles in the San Francisco Bay Area, becoming the second company allowed to operate on public roads without a driver.
Tesla to Face Fresh Autopilot Scrutiny After Company Snubs NTSB
The National Transportation Safety Board on Feb. 25 will convene its second hearing on a fatal crash involving Tesla Inc.’s automated driver-assist technology, even though the pioneering automaker hasn’t filed formal responses to recommendations stemming from the first one more than two years ago.
NYC Tunnel’s Slow Pace Spurs Democratic Jabs at Trump Rail Chief
Fifteen Democratic senators admonished the Trump administration for the sluggish progress on a new rail tunnel between New York and New Jersey, centerpiece of the so-called Gateway program of major infrastructure projects in the critical transit artery.
Amtrak’s $2.1B Acela Upgrade May Miss 2021 Planned Start
Amtrak’s $2.1 billion upgrade to its high-speed Acela rail service between Washington and Boston may miss a planned start of paid customer service in 2021, according to the railroad’s internal watchdog.