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Weeks After Surprising Shuffle, New TuSimple CEO Pledges to Be an ‘Evangelist' for Autonomous Driving
Xiaodi Hou co-founded autonomous-driving startup TuSimple in 2015, but he just took over as CEO and chairman of the board March 3.
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FedEx Is Testing Electric Carts for Last-Mile Delivery in Big U.S. and Canadian Cities
As e-commerce surges, FedEx is testing an electric cart service to help delivery services in cities where room for parking is tight.
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Alaska Airlines to Convert 2 More Boeing Jets Into Freighters in Bet on Air Cargo Boom
Air cargo has been a relative bright spot for carriers during the pandemic.
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How the Russia-Ukraine War Is Worsening Shipping Snarls and Pushing Up Freight Rates
Russian forces are shutting off shipping routes, logistics providers are suspending services, and air freight rates are skyrocketing.
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XPO Logistics Will Now Focus Just on Trucking, as It Spins Off and Sells Other Businesses
The pricing of shares and how many shares of the new LTL company current XPO shareholders will receive is still being decided.
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Snap-On CEO Says ‘80% of What We Sell Off the Trucks Here in America' Is Made in the U.S.
“One of the advantages Snap-On has always had is we tend to make in the markets where we sell,” CEO Nick Pinchuk told CNBC on Tuesday.
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Russia's Invasion of Ukraine Is Driving Up Air Cargo Costs
A surge in jet fuel prices and limited capacity is making airfreight more expensive.
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No-Fly Zones, Canceled Flights: How Russia's Invasion of Ukraine Is Disrupting Air Travel
Some airlines are taking longer routes to avoid the conflict, adding to fuel costs.
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What's Behind the Congestion at U.S. Ports
Shipping is a key component of U.S. trade but America has some of the least efficient ports in the world, according to a World Bank and IHS Markit study.
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FAA Chief Steve Dickson Announces Resignation Midway Through Term
Steve Dickson took the post in the wake of two fatal Boeing crashes.
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Toyota U.S. Sales Chief Says Win Over GM ‘Not Sustainable,' But Expects Bet on EVs to Pay Off
“I’m very, very optimistic that we’re going to have another great year in 2022,” the Toyota North America sales chief told CNBC on Tuesday.
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Abu Dhabi Ports Shares Surge 15% in Debut After Raising $1.1 Billion in Latest UAE IPO
The latest listing comes amid a privatization push now underway in the United Arab Emirates.
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Freight Forwarding Firm Flexport Raises Nearly $1 Billion in Funding, Adds Shopify, Michael Dell as Investors
Flexport raises $935 million in a funding round with Andreessen Horowitz and Michael Dell that values the logistics company at $8 billion.
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FedEx Partners With HBCUs to Increase the Pipeline of Black Supply Chain Professionals
FedEx COO Raj Subramaniam told CNBC it’s part of an ongoing commitment to HBCUs, including a $5 million donation in 2021.
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Boeing Wins Qatar Airways Order for 737 Max Planes, New 777X Freighters
Qatar Airways signs up for new 777X freighters Boeing plans to develop.
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Airbus to Rent Out Its Giant Beluga Aircraft in Bet on Air Cargo Boom
Airbus says it is starting its own cargo airline using its massive Beluga planes.
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‘Green' Fuels Will Cost the Consumer — But We Need to Think Long Term, Maersk CEO Says
Shipping is not unique in attempting to find more sustainable ways of powering operations.
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European Carriers Are Flying Thousands of Near-Empty Planes This Winter Just to Keep Their Airport Slots
Airlines in the EU have complained that other regions and continents are not imposing such requirements.
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Boeing 2021 Airplane Deliveries Surged, Led by Return of 737 Max, But Were Still Behind Airbus
Boeing logged 535 net orders last year, many of them for the Max and freighters
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Walmart Expands Its Direct-To-Fridge InHome Delivery Service to 30 Million Homes
Walmart also announced Wednesday it will hire 3,000 employees to support its InHome expansion.
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