Richard Branson’s Space Company Virgin Orbit Files for Bankruptcy
MarketsFinanceThe company says it is working toward finding a buyer for a once star player in the billionaire’s portfolio Source...
Transportation
Lyft Hires New CEO as Founders Step Back Amid Struggles With Competition
David Risher, board member since 2021, will succeed co-founder Logan Green, as Lyft faces tough competition from Uber and a...
What’s Behind Train Derailments and Are They Happening More Often?
Recent train derailments, including one in a small Ohio town, have prompted officials to examine what is causing the accidents...
Trucking Giant Knight-Swift Transportation to Buy U.S. Xpress
Logistics ReportThe acquisition at four times Monday’s closing stock price for the rival carrier will boost Knight-Swift’s fleet to about...
FedEx Raises Earnings Outlook Despite Shipping Slowdown
BusinessEarningsShares rise as delivery company said cost cuts and higher shipping rates boosted Ground, Freight divisions Source link
Canadian Pacific’s Merger With Kansas City Southern Is Approved
BusinessSurface Transportation Board paves way for $28 billion deal, the biggest rail merger in two decades Source link
Southwest Airlines Outlines Plan to Handle Severe Weather Problems
Moves include buying more deicing trucks, enhancing tools for communicating with flight crews and upgrading phone systems for customers. Source...
United Airlines Shares Fall as Carrier Warns of First-Quarter Loss
The airline sees expenses tied to a potential union contract with pilots shifting into the current quarter. Source link
WSJ News Exclusive | Saudi Sovereign-Wealth Fund Close to Deal for Boeing Jets
WSJ News ExclusiveBusinessA large order for planes is expected to coincide with launch of Saudi airline Source link
NTSB to Probe Norfolk Southern Safety Culture After Derailments, Accidents
BusinessRailroad CEO slated to testify before Senate panel Thursday about Ohio derailment Source link
Justice Department Sues to Block JetBlue From Buying Spirit Airlines
BusinessComplaint alleges the deal would eliminate Spirit as a low-cost competitor to major carriers Source link
JetBlue, Spirit Brace for Justice Department Lawsuit to Block Airlines’ Merger
The airlines’ CEOs say combining their operations will ultimately benefit consumers. Source link
Norfolk Southern’s Second Ohio Derailment Is Investigated
No hazardous materials were aboard a train that derailed near Springfield on Saturday. Source link
Airlines Are Posting Big Profits After Raising Fares, Cutting Costs
BusinessRecovery takes hold as travelers take advantage of reopened borders Source link
Train-Car Wheel Bearing Overheated Before Ohio Train Derailment, NTSB Finds
U.S.Agency continues its investigation after accident involving Norfolk Southern train in East Palestine Source link
United Airlines to Ease Family Seating Fees
BusinessLawmakers, regulators and President Biden have taken aim at additional charge for adjacent seats Source link
Southwest, FedEx Planes Came Within a Thousand Feet in Austin on Saturday
BusinessFederal safety board is dispatching investigators to Texas after the close call between two planes Source link
Why Lyft Is Headed for Its Own Recession
The ride-hailer’s fundamentals show its rebound is likely to stall as the new year progresses. Source link
Southwest Airlines Earnings Hit by $220 Million Loss After Holiday Meltdown
BusinessEarningsCustomer cancellations at biggest domestic airline spills into first quarter Source link
DOT Probes Southwest Airlines Scheduling After Holiday-Travel Meltdown
BusinessSouthwest says it will cooperate with requests from government officials Source link
