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Tag: Transportation

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

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Walmart to trial driverless grocery deliveries in Texas

SOPA Images | LightRocket | Getty Images Grocery giant Walmart is to pilot the autonomous delivery of groceries in Houston, Texas. The trial is being carried out using technology from Nuro, an autonomous vehicle firm. In a blog post on the Medium website Tuesday, Nuro said the trial would use electric, self-driving vehicles to deliver …

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Cargo pilots want the same rest rules as the pilots who fly you to grandma’s

A Boeing 747 cargo freighter belonging to Atlas Air. S3studio | Getty Images As the peak holiday season ramps up for online retailers and shipping companies, cargo pilots that fly packages for Amazon, UPS and FedEx are pushing to work under the same rules as passenger pilots, a change that the industry says could pose safety …

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How FedEx’s combative year has hurt its stock performance

Frederick Smith, chairman and chief executive officer of FedEx Corp., speaks during the U.S. Chamber of Commerce Aviation Summit in Washington, D.C., on Thursday, March 7, 2019. Anna Moneymaker | Bloomberg | Getty Images FedEx has had a combative year. Founder and CEO Fred Smith’s dispute with the New York Times over a report about …

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It’s not just Boeing. More companies are splitting CEO and chairman roles

Dennis Muilenburg, chief executive officer of Boeing Co., listens during a Senate Commerce, Science and Transportation Committee hearing in Washington, D.C., U.S., on Tuesday, Oct. 29, 2019. Bloomberg | Bloomberg | Getty Images Boeing‘s board stripped CEO Dennis Muilenburg of his chairmanship on Oct. 11, as the company struggles with the aftermath of two crashes …

It’s not just Boeing. More companies are splitting CEO and chairman rolesRead More

Virgin Galactic, Under Armour spacesuit collection for space tourists

NEW YORK – Astronauts, meet athleisure. Under Armour on Wednesday unveiled the spacesuits it is making for people to wear on flights to the edge of space with Richard Branson’s Virgin Galactic. The companies are collaborating on a full line of spacewear for Virgin Galactic, which the companies claim as the first collection “created specifically …

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Under Armour CEO Kevin Plank explains the brand’s Virgin Galactic deal

NEW YORK — Under Armour CEO Kevin Plank says the company’s latest tie-up with Virgin Galactic to make spacesuits for astronauts should set the business apart — in consumers’ minds and on Wall Street — from other athletic apparel brands such as Nike, Adidas and Lululemon. “It’s a bit of a coming-out party for what …

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Virgin Galactic near public debut, growing business globally

Once the merger closes, Virgin Galactic will have a valuation of $1.5 billion, with SCH retaining a 49% stake. Branson confirmed that he will retain his majority stake even after the company lists, saying he has no plans to sell his shares. “I will retain control of the company,” Branson said. “I will keep roughly …

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