Tag: Transportation
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Shipping stalls in Strait of Hormuz after Iran declares key waterway closed again
The update comes even as industry trackers showed Iranian tankers have continued to sail through the strait.
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CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan
Despite the beats, questions remain about the company’s ability to grow and cut costs under the plan amid tougher market conditions, including margin pressure.
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JetBlue to reduce Newark, LaGuardia footprint as it forges ahead in Fort Lauderdale
JetBlue is planning to cut crew bases at Newark Liberty International Airport in New Jersey and New York’s LaGuardia Airport.
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Carvana’s new vehicle strategy turns dealership into ‘playground,’ test-drive center with sales all online
But don’t expect Carvana to sell you a vehicle at one of its seven Stellantis stores, marking a stark contrast from typical franchised dealers.
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Rivian laying off hundreds of workers amid R2 launch
Rivian said Tuesday it was laying off hundreds of workers, or less than 2% of its workforce.
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Self-driving tech supplier Mobileye targets U.S. robotaxi launch in 2027
Self-driving technology supplier Mobileye Global announced it would launch its own robotaxi service Tuesday.
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Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market
Carvana has bought seven new vehicle franchises since last year that primarily sell Stellantis’ Chrysler, Dodge, Jeep and Ram brands.
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JetBlue bets big on Fort Lauderdale, from a new airport lounge to an international gateway
JetBlue faces heavy competition from Miami International Airport, an American Airlines stronghold.
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Rivian CEO taking different approach than Elon Musk for humanoid robotics company
Rivian CEO RJ Scaringe started a robotics company late last year called Mind Robotics that he says has has raised more than $1 billion.
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Oil tanker CEO sees Hormuz ship traffic quickly increasing if U.S. and Iran reach a deal
Many shipowners are just waiting for the threat assessment to be downgraded before crossing Hormuz, Frontline CEO Lars Barstad said.
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