Ground Transportation

A record number of activist investors installed campaigns at international companies in 2024, a. Barclays report revealed on Thursday, as their pressure techniques. produced strong returns, and more development is likely this year. Looking back to 2024, it feels nearly as if there was a. shareholder revolt, said Jim Rossman, global head of. shareholder advisory at Barclays. In 2024, 160 investors such as hedge funds pushed companies. to make moves like improving technique and operations or firing. presidents, consisting of 45 who deployed the method for the. first time, Barclays stated. That's up more than 18% from 135 investors in...

Seven people were injured in New York City on Christmas Day when a taxi jumped a pathway and hit pedestrians outside a Macy's outlet store after the cab driver suffered a medical episode, authorities said on Wednesday. The occurrence happened in Midtown Manhattan near Macy's. flagship store in Herald Square near the corner of West 34th. Street and Avenue of the Americas, or Sixth Avenue. The store,. with its elaborately embellished display windows, is a magnet for. tourists and native Brand-new Yorkers around the holidays. In addition to the 58-year-old taxi driver, the injured. consisted of a 9-year-old young boy,...

Police arrested a male they stated set a female on fire while she appeared to be asleep on a. New york city City subway train on Sunday early morning, killing her. The female, who has not been recognized, sat motionlessly. aboard a fixed F train at the Coney Island-Stillwell Opportunity. train station in Brooklyn at about 7:30 a.m. (1230 GMT) when an. unidentified guy approached her and used a lighter to set her. clothing on fire, the New york city Authorities Department said. Cops. said there was no interaction before the attack and they did not. think the two individuals...

Unifor stated on Sunday that its members at Canadian National Train have validated a. brand-new fouryear collective agreement, averting a possible strike. action. Unifor, which represents more than 3,000 members at the. railway's Council 4000 and Local 100 committees, said the. agreement consists of enhancements to salaries and advantages as well as. job securities for members operating in CN terminals and. headquarters throughout Canada. The railway earlier this month had actually reached a brand-new tentative. four-year cumulative arrangement with the union. This arrangement protects essential gains that reflect the. important contributions of Unifor members to CN's operations,. Unifor National President...

A partial federal government shutdown could cost the U.S. travel industry $1 billion weekly and cause widespread disturbances for travelers, a trade group representing airline companies, hotels and other travel business stated on Friday. An extended government shutdown threatens holiday travel disturbances that Americans won't endure, stated U.S. Travel Association CEO Geoff Freeman. On Thursday, the head of the Transport Security Administration alerted an extended partial U.S. government shutdown could result in longer wait times at airports. TSA expects to evaluate a record 40 million guests over the vacations after setting records over the Thanksgiving vacation. Fitch Scores said on...

The National Highway Traffic Security Administration on Friday proposed a brand-new process to streamline evaluations of exemptions filed by car manufacturers seeking to release selfdriving vehicles without required human controls like steering wheels or brake pedals. NHTSA has authority to grant petitions to allow as much as 2,500 automobiles per maker to run on U.S. roads without needed human controls but the firm has actually invested years examining several petitions without doing something about it. Efforts in Congress to make it simpler to deploy lorries on U.S. roadways without human controls have been stymied for many years. Car manufacturers have...

FedEx's choice to spin off its freight truckload segment will strengthen business while enabling the parcel shipment giant to much better take on challenges in its core operations, analysts stated on Friday. Shares increased 8% before the bell after the announcement late on Thursday and were set to add $5 billion to the company's. market cap, regardless of the bellwether for worldwide trade cutting its. yearly profit projection. FedEx Freight, the largest U.S. service provider of. less-than-truckload (LTL) services, might be valued in between $30. billion and $35 billion, based on a quote from Citi. The decision to continue with...

FedEx revealed the muchanticipated spinoff of its lessthantruckload freight division on Thursday, as it looks to restructure its operations and focus more on its core shipment service. Shares of the parcel delivery giant rose about 10% in after-hours trading. Experts think the spinoff might open as much as $20 billion in shareholder worth while clearing the method for FedEx management to concentrate on restructuring, possibly increasing long-lasting growth potential customers for its core bundle operations and what will end up being a separate freight organization. FedEx Freight is the largest U.S. supplier of less-than-truckload services, which involve bring several shipments...

Amazon.com employees at 7 U.S. facilities walked off the task early on Thursday during the holiday shopping rush, intending to press the merchant into contract talks with their union. Warehouse employees in cities including New York, Atlanta and San Francisco are participating in the largest strike against Amazon, stated the International Brotherhood of Teamsters, which represents about 10,000 workers at 10 of the company's facilities. The business, nevertheless, said it does not anticipate any effect on its operations throughout among the busiest times of the year. Unions represent only about 1% of the workforce of Amazon, among the largest companies...

Amazon.com employees at seven U.S. centers strolled off the job early on Thursday during the vacation shopping rush, intending to push the merchant into contract talks with their union. Storage facility employees in cities consisting of New york city, Atlanta and San Francisco are participating in the biggest strike against Amazon, said the International Brotherhood of Teamsters, which represents about 10,000 employees at 10 of the firm's facilities. If your bundle is delayed throughout the holidays, you can blame Amazon's pressing greed, Teamsters' General President Sean O'Brien stated late on Wednesday. We gave Amazon a clear deadline to come to...

Martin Midstream Partners said on Wednesday that proxy advisory firm Glass Lewis has advised the energy infrastructure firm's unitholders to vote for the business's proposed buyout deal with Martin Resource Management Corp. . The statement of the Glass Lewis report comes days after Martin Midstream had actually stated that another proxy advisory company Institutional Investor Provider (ISS) had also suggested a. favorable vote for the deal. However, 2 hedge funds Nut Tree Capital Management and. Caspian Capital, holding 13.6% of Martin Midstream, are. promoting a competing bid and urging investors to vote against. the deal. The two hedge funds have...

The U.S. Transport Department said Monday it will need rear seat reminder systems to increase safety belt use beginning in late 2027 in all new cars and trucks in a quote to minimize traffic crash deaths and injuries that have actually been rising recently. The National Highway Traffic Safety Administration said its last rule will likewise update and expand existing warnings for the chauffeur and others in the front seats. The last regulation comes more than a years after Congress in 2012 directed the agency to consider mandating the systems for rear travelers. NHTSA price quotes the new guideline will...

Guangzhoubased Pony.ai Inc. is looking for to release its robotaxi services in Hong. Kong, signing up with Baidu in a race to supply services in. the city, as the self-governing driving firm looks to broaden its. operations internationally. Nasdaq-listed Pony.ai strategies to supply robotaxi travelling. services for airport personnel within Hong Kong International. Airport before broadening into other city locations in the city, the. company stated in a declaration late on Friday. It did not provide a. timespan for the launch. Chinese artificial intelligence giant Baidu is likewise considering. the launch of its driverless taxi service in the city after...

China's capital Beijing passed brand-new regulations on Tuesday to encourage self-governing driving technology in the city, with authorities preparing to ultimately permit driverless public buses and taxis. Self-governing automobiles that pass roadway screening and security assessments will be enabled to look for roadway trials, the state-backed Beijing Daily paper reported, which stated the new guidelines take effect from April 1. The city supports making use of autonomous automobiles for personal vehicles, metropolitan buses, cable cars and taxis, it said, adding that it wishes to encourage the building and construction of smart road infrastructure to support such transport. In a separate...

China will extend licence age limitations for motorists of mediumsized and big buses also as trucks, as part of broader efforts to attend to the obstacles positioned by an aging population, falling birth rate and a shrinking labour swimming pool. Keeping older transportation workers on the payroll will be essential to helping preserve stability throughout China's huge transportation system in the medium-term as the sector prepares to embrace more self-governing vehicles. Just over a years back, the capital Beijing enabled male bus drivers to retire five years earlier - at the age of 55 - for health factors, as it...

Hong Konglisted JD Logistics will get the 36.43% stake it does not currently own in KuayueExpress Group for not more than 6.48 billion yuan ($ 892 million), the business stated on Friday. Under a contract, Suqian Jingdong Bohai Enterprise Management, a system of JD Logistics, will acquire the staying stake in Kuayue-Express. JD Logistics got a controlling stake in Kuayue-Express, a logistics providers in China, in 2020 to further improve its freight business and reinforce its services. The acquisition of Kuayue-Express will allow JD to focus on even more synergies between the companies and accelerate its development and competitiveness, JD...

U.S. President Joe Biden did not respond to press reporters' concerns on the approving of a pardon to his child Hunter Biden when he landed in Cape Verde for a brief stopover on his method to Angola. Joe Biden, whose term in office surfaces in January, flew out of Washington soon after pardoning Hunter, who had pleaded guilty to tax violations and been convicted on firearms-related charges. The president did not react to questions on the concern from reporters on the tarmac at Amilcar Cabral International Airport. He was set up to hold a meeting with the island country's. Prime...

Shooters took 6 captives this month while exchanging fire with troops in India's. northeastern state of Manipur after a rocketpropelled grenade. decreased lorries and homes to charred hulks in the sloping. district of Jiribam. Ethnic clashes over land and quotas in education and. federal government jobs have killed a minimum of 258 people and displaced. more than 60,000 given that in 2015 in the greatest law-and-order. failure for Prime Minister Narendra Modi's celebration, which guidelines. the state. Retaliatory fire by troops killed at least 10 gunmen in the. Nov. 11 attack, which authorities blamed on the Hmar group among. the...

Japan's Nikkei share average touched its highest in more than one week on Monday, as financiers bought stocks anticipating the U.S. economy to stay strong. The Nikkei reached 39,053.64, hitting its greatest given that Nov. 15, before ending the early morning session 1.53% greater at 38,868.68. The more comprehensive Topix was up 1.02% to 2,747.14. Abroad factors are essential for Japanese stocks now as we have actually not seen much market moving catalysts within Japan, said Fumio Matsumoto, chief strategist at Okasan Securities. Wall Street closed greater on Friday, with all 3 major indexes posting weekly gains, as financiers basked...

The Mexican government on Monday raised concerns about the Biden administration's proposal to restrict essential Chinese software application and hardware in linked vehicles on American roads due to national security issues. Mexico's economy ministry said in a filing with the U.S. Commerce Department the proposal could have a considerable. effect on Mexico's automotive industry. Economically, it postures. potential trade barriers, interruptions to provide chains,. increased production expenses, and a possible danger of minimized. direct and indirect work. Automaker and tech groups separately on Monday asked the. administration for changes and for more time before the rule. takes effect. The proposal...

Self-driving firm WeRide notched an appraisal of $ 4.21 billion after raising $120 million in its U.S. initial public offering (IPO) on Friday, ending up being the latest Chinese company to capitalize on reducing regulatory hurdles to list in New York. The company offered 7.7 million American depositary shares in the offering at $15.50 a piece, the lower end of its targeted range of $15.50 to $18.50 per ADS. It likewise raised around $320.5 million in a concurrent personal positioning. WeRide anticipates to raise an overall of $458.5 million from both the IPO and the personal placement. The Chinese firm,...

Tokyo City saw its stock untraded on its Tokyo market launching on Wednesday with a. excess of buy orders in early trade. Tokyo Metro, one of the capital's 2 major train. operators, raised $2.3 billion after pricing its initial public. offering at the top of an indicative variety at 1,200 yen apiece. The IPO was more than 15 times oversubscribed, Reuters has. reported, with financiers drawn to a family name with an. appealing dividend yield. The listing of a big company familiar to individual. financiers has a large benefit in widening the investor base,. Toshio Morita, CEO of the Japan...

North Korea has designated South Korea a hostile state, its state media said on Thursday, validating that its nationwide assembly had actually amended the nation's constitution in line with their leader's vow to drop unification as a national objective. The North's KCNA news agency reported roadway and rail links with South Korea were now completely obstructed off after blasting big sections of them on Tuesday as genuine action taken versus a hostile state as specified by its constitution. Sixty-metre (66-yard) long areas of the roadway and railway on its side of the border that had actually been laid as crossings...

Vietnam has estimated the cost of building a new railway linking it with China's Yunnan province at 179 trillion dong ($ 7.2 billion), state media reported on Wednesday. The 427-km (265-mile) railway would range from the border province of Lao Cai through the capital Hanoi and port city of Haiphong to Ha Long City, the main Vietnam News Agency reported. Vietnam has actually been seeking to update its aging train systems, including plans to build a high-speed railway running along the length of the nation and lines linking with China, its largest trading partner. Vietnam Railway Authority has submitted the...