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...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
...For years the shares traded at about or less than the $45-per-share IPO price, which gave the company a market capitalisation of approximately $82bn....
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...By most metrics, 2023 was a year to forget for the largest package delivery company in the US....
...Alaska — like JetBlue — will argue that consolidation is needed to create a stronger company to compete against the industry’s traditional Big Four airlines....
...Technical specialists from the National Transportation Safety Board, the independent US government agency responsible for investigating civil transport accidents, will be poring over every inch of the door...
...Berkshire, whose related interests include car insurer Geico and dealership Berkshire Hathaway Automotive, was regarded as a vote of confidence in the US economy and more particularly in the traditional transport...
Rise in assets last year to $60bn helped offset 8.8% decline in mutual funds AUM
...Along with falling sales at Tesla and BYD, the world’s two biggest sellers of battery-powered vehicles, it is a sign of trouble for the crucial shift towards green transport in the 21st century....
...Additional reporting by Dylan Loh A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...The company also announced it would explore “strategic alternatives” for its acquisition of Coyote, a truckload brokerage business, which made up 38 per cent of the revenue decline in the company’s supply...
...Boeing has called a company-wide safety meeting for Tuesday to discuss its response to the incident....
...Judge William Young on Tuesday ruled in their favour, prohibiting the companies from closing the deal....
...On Thursday the company paused production at its plant in Renton, Washington, for 15 hours to discuss quality issues with more than 10,000 workers....
...That allowed Bird to go public in 2021 through a special-purpose acquisition company. At its peak the company had a market value of nearly $2.5bn....
...The company aims to complete a sale process within 120 days. Its European and Canadian businesses are not part of the bankruptcy filing....
...Spirit AeroSystems, a key Boeing supplier, installs the plugged door as part of its construction of the 737 Max fuselage, a company spokesman confirmed. The spokesman declined to comment further....
...Is urban transport really winner-take-most? Until we see more evidence, we’ll continue to see Uber as a fast growing, moderately profitable transport company....
...Whitaker said the overall oversight approach needs to involve more direct surveillance of the companies....
...“We’re going to approach this, number one, acknowledging our mistake,” Calhoun said, according to excerpts shared by the company....
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