Chinese Tesla rival Nio narrows losses as revenue surges 127%
Nio shares rose more than 1% in after hours trade on Wednesday after the Chinese electric carmaker posted a narrower than expected loss and a surge in revenue. Nio said … Read More
Tag: Transportation
U.S. Covid cases near pandemic low as travel picks up for Memorial Day weekend
The 11,976 new Covid-19 cases reported Saturday were the lowest since March 23, 2020. The World Health Organization officially declared a global pandemic on March 11, 2020. Friday saw the … Read More
Tesla appeals order to delete Elon Musk's tweet about unions
Tesla is asking an appeals court to set aside a federal agency's order that a Twitter post discouraging union organizing be deleted from CEO Elon Musk's account. The National Labor … Read More
United Airlines starts offering bus service straight to Colorado ski slopes from Denver
United will start offering service from Denver International Airport to Fort Collins and Breckenridge. Travelers can book the service on the company's website. Landline will provide the bus service and … Read More
FAA fines Boeing $6.6 million over compliance and quality-control lapses
The FAA fined Boeing $5.4 million for violating a 2015 settlement that required it to improve safety oversight. Boeing also agreed to pay $1.2 million to settle two other cases. … Read More
Biden warns China is going to 'eat our lunch' if U.S. doesn't get moving on infrastructure
Biden warned lawmakers Thursday that China was aggressively outpacing the United States on infrastructure. "They're investing a lot of money, they're investing billions of dollars and dealing with a whole … Read More
Biden transportation pick Buttigieg advances in Senate
Buttigieg defends Biden decision to block Keystone XL Pipeline despite loss of union jobs Transportation Secretary nominee Mayor Pete Buttigieg takes questions at his confirmation hearing. WASHINGTON (AP) – A … Read More
European regulator to lift Boeing 737 MAX grounding in January
Europe is set to lift its flight ban on the Boeing 737 MAX passenger jetliner in January after U.S. regulators last week ended a 20-month grounding triggered by two fatal … Read More
Group 1 Auto CEO says the pandemic inventory crunch has been the ‘best thing’ for industry
Group 1 Automotive CEO Earl Hesterberg told CNBC the pandemic-related vehicle supply crunch has been "the best thing that could happen to the entire industry." "The auto distribution network had … Read More
How Garmin survived the iPhone and started growing again
Garmin was once a rising star in consumer electronics, with its personal navigation devices a common sight on car dashboards and in hikers' backpacks. The company's heyday — roughly the late 1990s … Read More