transportation

GE to Merge Rail Division with Wabtec in $11 Billion Deal

GE to Merge Rail Division with Wabtec in $11 Billion Deal

General Electric Co.’s (NYSE: GE) transportation unit and Wabtec Corporation (NYSE: WAB) announced a merger deal valued at approximately $11.1 billion. The transaction will make Wabtec a Fortune 500 as well as establishing itself as a global l..

Tesla Bull Analyst sees Amazon as new Competitor in Transportation Market

Tesla Bull Analyst sees Amazon as new Competitor in Transportation Market

Morgan Stanley (NYSE: MS) analyst Adam Jones, a longtime Tesla Inc. (NASDAQ: TSLA) bull analyst, has now shifted his position for the electric vehicle manufacturer due to an uncontrollable and unlikely threat: Amazon.com Inc. (NASDAQ: AMZN), ac..

Uber and Lyft to Both Launch Medical Service Transportation

Uber and Lyft to Both Launch Medical Service Transportation

Uber Technologies Inc. announced last week on Thursday its introduction of Uber Health, a way to partner with healthcare organizations to provide reliable transportation for patients. Then, on Monday, Lyft teamed up with Allscripts Healthcare Soluti..

Tesla Announced Expansion of Supercharger Network

Tesla Announced Expansion of Supercharger Network

Tesla Inc (NASDAQ: TSLA) has announced its plans to make it easier to charge your car in urban areas. According to the company’s official blogpost, for customers who use their car for long distance travel, there is a growing network of Superch..

U.S. Factory Orders Report Biggest Drop

U.S. Factory Orders Report Biggest Drop

U.S. orders reported their biggest drop in almost 3 years in July, at 3.3% due to a low demand for transportation equipment. Civilian aircraft orders also dropped 70.8% that month after a 129.3% gain a month before that. However, manufacturing is st..

Uber Will No Longer Track Your Location After Ride is Over

Uber Will No Longer Track Your Location After Ride is Over

Uber is aiming to end tracking riders for 5 minutes after their trip ends as they try to repair their privacy reputation. The company has been criticized by users and privacy advocates when they announced last year that they would collect location d..

FedEx Warns of Possible Financial Cost Resulting from Cyber Attack

FedEx Warns of Possible Financial Cost Resulting from Cyber Attack

FedEx Corporation (NYSE: FDX) today filed its annual report on Form 10-K for fiscal year 2017 with the Securities and Exchange Commission. FedEx provided information regarding the June 2017 cyber-attack on the worldwide information systems of TNT Ex..