Tag: Transportation
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Is Hormuz open? Trump’s toll threat intensifies rush to bypass the Strait altogether
Gulf producers are increasingly relying on alternative routes to keep crude moving as shipping disruptions expose the risks of depending on the Strait of Hormuz.
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Air taxi company Beta wraps first test flights in U.S. government’s pilot program
Beta is one of several electric air taxi makers racing to secure Federal Aviation Administration certification and start flying passengers commercially.
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Delta expects higher airfare to last, bringing 2026 profit goal in reach, CEO says
Delta is the first of the U.S. airlines to report second-quarter results.
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Volkswagen to slash model lineup and shrink capacity — but no word on job cuts
The update followed a high-stakes boardroom showdown with the group’s supervisory board.
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Florida’s Palm Beach airport renamed for Trump
Palm Beach International Airport is now called the Donald J. Trump International Airport, the FAA said Thursday.
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SpaceX stock closes below debut price at $148 in two-day slide after Nasdaq 100 inclusion
SpaceX’s record IPO raised a total of $85.7 billion after underwriters exercised the “greenshoe” overallotment.
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Used EVs keep getting more expensive amid Iran war, high gas prices
The Manheim Used Vehicle Value Index for EVs — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 12% compared to June 2025.
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Delta launches ‘basic business’ fares without lounge access, seat selection
Delta is launching basic business and other stripped-down premium classes that come with fewer perks.
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Stellantis to sell small Fiat Topolino EV for $13,995 in U.S.
While the Topolino resembles a small car such as the Fiat 500, the EV is actually a quadricycle that functions more like a golf cart.
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Rivian stock falls 10% as company sells 75 million shares to raise capital
The capital raise occurred during extended hours trading following Rivian shares increasing 8.1% on Monday after increasing 19.2% last week.
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