North America

Sean Duffy, the U.S. Transportation secretary confirmed Wednesday that he will order a 10% cut in air traffic scheduled at 40 major airports beginning Friday if a deal is not reached to end federal government shutdown. In the 36th day of the shutdown, 13,000 air traffic control officers and 50,000 Transportation Security Administration agents have been forced to work without being paid. The shutdown has caused staff shortages to worsen, causing widespread delays in flights and long lines at airport security screening. Duffy explained to reporters that he had made his decision by saying, "We did a gut-check of what...

Frontier Group Holdings (parent of U.S. low cost carrier Frontier Airlines) forecast a better-than expected fourth-quarter profit Wednesday, thanks to improved air fares. U.S. airlines have reduced capacity to maintain pricing power in recent months after a decline in domestic travel in the first half of this year, mainly due to economic uncertainty brought on by President Donald Trump’s tariffs. This had forced them to reduce fares in order to fill their seats. Frontier expects a profit adjusted for the fourth quarter of between 4 cents and 20 cents, with a midpoint of 12cents, which is higher than analysts' expectations...

Sources familiar with the situation say that Sean Duffy, the U.S. Transportation secretary, is likely to order a 10% cut in scheduled air traffic at 40 major airports beginning Friday if he cannot reach an agreement to end the shutdown. The shutdown forced 13,000 air-traffic controllers and 50,000 Transportation Security Administration (TSA) officers to work for free, which halted tens thousands of flights. Duffy warned on Tuesday, that if federal government shutdown continues another week, this could lead to a "massive chaos," and force him close part of the airspace for air traffic. This drastic measure could disrupt American aviation....

Lyft's third-quarter revenue growth was a little below Wall Street expectations, despite intense competition in the company's core North American markets. This overshadowed a positive booking forecast for holiday travel. The shares of the San Francisco based company dropped about 3% during extended trading. A saturating market in major metropolitan areas has allowed the company to benefit from its recent push in international markets. Freenow's European operations have been positioned as premium services, complementing the mass-market presence of North America. The company stated that "our strategic acquisition of Freenow will bring over six million riders annually to our platform by...

Sources familiar with the situation say that Sean Duffy, the U.S. Transportation secretary, is likely to order a 10% cut in scheduled air traffic at 40 major airports beginning Friday if he cannot reach an agreement to end the shutdown. The shutdown forced 13,000 air traffic control officers and 50,000 Transportation Security Administration (TSA) officers to work for free and disrupted tens thousands of flights. Duffy warned on Tuesday, that if federal government shutdown continued another week, it could lead "mass confusion" and force him to shut down some national airspace for air traffic. This drastic measure could disrupt American...

Lyft Inc. forecast fourth-quarter bookings exceeding Wall Street estimates Wednesday, signaling a steady demand for their ride-hailing service heading into the busy Holiday Travel Season. A saturating market in major metropolitan areas has allowed the company to benefit from its recent push in international markets. Freenow's European operations have been positioned as premium services, complementing the mass-market presence of North America. The company stated that "our strategic acquisition of Freenow will bring over six million riders annually to our platform by 2026." The upmarket strategy has also gained traction in the United States, where high-margin rides have grown 50% during...

On Wednesday, the head of an industry group that represents major U.S. carriers said that bookings are starting to drop as the government shutdown entered its 36th record day. "We've seen an industry-wide pullback on people booking travel plans just a few days ago, and it grows a little every day," said Chris Sununu who is the head of Airlines for America, which represents American Airlines and United Airlines as well as Southwest Airlines, Delta Air Lines, JetBlue Airways, and other major airlines. He added that carriers have not noticed a spike in cancellations. Sununu stated that they were trying...

On Wednesday, a group of 20 U.S. House Democratic members asked Delta Air Lines' CEO Ed Bastian to respond to questions regarding the use of artificial intelligence in setting ticket prices. In a letter, the lawmakers including Jesus "Chuy” Garcia, Jerrold Ndler, Alexandria Ocasio Cortez, and Dan Goldman asked Delta to reveal whether it would use AI to increase prices by "individualized, surveillance based price discrimination." Delta announced on Wednesday that "there are no fare products Delta has used, is currently testing or plans to implement which target customers with personalized offers based upon personal information or other factors." Legislators...

Air Canada executives said on Wednesday that the company will have to deal with increased labor costs in 2026 and a sluggish leisure travel market in the United States. The country's largest airline plans to add 35 new planes to its fleet. Canada's largest airline reported a lower third quarter profit late on Tuesday, as striking cabin crew forced thousands of cancelled flights and the waning demand of travel to and from the U.S. affected results. In early Wednesday trading, shares were down 2.9%. The airline stated that capacity in seat miles would increase by 0.75% compared to a year...

The U.S. president Donald Trump again asked Republican senators on Wednesday to terminate the filibuster in an attempt to end the longest government shut down in history. This would be a radical departure from long-standing Senate traditions and make it easier to push through legislation by the majority. "We must open the country." We're going do it today by ending the filibuster," Trump said to the senators gathered in the White House for breakfast. "It is possible that you won't do it, and I will follow your wishes." "You're smart people and good friends but I think this is a...

Air Canada has lowered its core profit forecast for 2025 after reporting lower third quarter profit on Tuesday. The airline is grappling with the waning travel demand to the U.S. due to trade tensions. The largest Canadian airline expects adjusted full-year earnings before interest taxes, depreciation, and amortization will be between C$2,95 billion ($2,10 billion) to C$3,05 billion. This is compared to its previous forecast of C$2.9 to C$3.1. Travel between Canada and the U.S., which is a cross-border activity, has been significantly reduced this year. This was due to President Donald Trump's tariffs that were imposed on Canadian imports....

Beta Technologies, a maker of electric aircraft, was valued at $7.44billion after its shares were flat on their New York Stock Exchange debut Tuesday. This signaled investor caution due to a prolonged U.S. Government shutdown. The partisan gridlock of Washington is testing a comeback in first-time shares sales after tariffs imposed by U.S. president Donald Trump earlier this year scuttled IPOs. Analysts say that the Securities and Exchange Commission operates at a skeletal level, with fewer restrictions to allow listings to proceed. This can alienate some investors because of higher risks or lack of transparency. The stock of the company...

Temporary closure of United Parcel Service's sprawling air cargo hub, located in Louisville, Kentucky following a fatal plane crash, will cause delays throughout the global delivery network. The Worldport hub is a hub and spoke model that UPS uses to manage air cargo. It processes millions of packages each day for approximately 360 aircraft, both incoming and departing. On Tuesday night, the company ceased operations at Louisville International Airport after a UPS cargo aircraft crashed, killing nine people including three members of the flight crew. UPS on Wednesday cancelled the Worldport shift from mid-morning until mid-afternoon that deals with Second...

United Parcel Service has halted its cargo sorting operations at Louisville International Airport following the wide-body freighter. burst into flames On Tuesday evening, nine people were killed, including three crewmembers, shortly after the takeoff. The airport has reopened for air traffic and is now home to UPS's biggest package-handling operation. It also serves as a hub for UPS's global air-cargo operations. UPS also expects to resume its cargo operations by Wednesday morning. However, the company has not yet issued an official update. A prolonged closure at the facility known as Worldport could have cascading effects on the U.S. logistic network,...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. A UPS plane crashed near Louisville, Kentucky. At least four people were killed and 11 injured. The number of fatalities is expected to rise. Sunway Healthcare in Malaysia will begin engaging with investors soon ahead of an IPO planned that could raise as much as $1 billion. Bain Capital and Perpetual, an Australian investment manager, are in exclusive discussions about the sale of their $14 billion wealth management business. Donald Trump, the U.S. president, has renominated Jared...

The Federal Aviation Administration reported on Tuesday that a UPS plane crashed shortly after takeoff in Louisville, Kentucky, en route to Honolulu. Local police confirmed the crash and said there were injuries. The FAA released a statement that "UPS Flight 2876 crashed at around 5:15 pm local time, on Tuesday, November 4, after departing the Louisville Muhammad Ali International Airport (Kentucky)", according to the FAA. UPS confirmed that one of its aircraft had been involved in an accident near Louisville, Kentucky. It has not yet confirmed any injuries. UPS Worldport is located at the airport. It's a hub for UPS's...

This year, industrial companies have experienced a rollercoaster ride as they have tried to adjust their trade policies to those of U.S. president Donald Trump. But this quarter, executives have suggested that confusion is receding, as the corporations have now had more time to adjust higher tariffs on U.S. imported foreign goods. In contrast to the first half, heavy machinery, engine manufacturers and construction firms, which reflect the "real" economy, have been able to navigate the current environment by reducing costs and increasing prices in order offset the tariffs imposed by the Trump administration. Executives say that while there are...

The global stock market was on track to gain for a fifth consecutive session on Wednesday. Meanwhile, the U.S. Dollar remained high after the U.S. Federal Reserve lowered interest rates. It also rose ahead of the earnings reports from several U.S. Megacap companies. The central bank reduced rates by 25 basis point, citing the lack of data visibility caused by the government shutdown. It also announced that it would stop the quantitative tightening, or QT, process, which involves reducing the $6.6 trillion in assets on its balance sheet. It was only logical to stop QT rather than risking a crash...

According to United Parcel Service and Teamsters Union, which represents its drivers, the company will retrofit 5,000 boxy brown trucks with air conditioners in areas where it is hotter. UPS has committed to adding 28,000 air-conditioned trucks in its national contract. Teamsters announced late Monday that the 5,000 retrofits would help speed up this process and provide drivers with some relief from scorching heat in summer. By June 1, 2026, the first 2,000 vehicles to be retrofitted under this agreement will have been prepared. The union announced that all 5,000 Teamsters delivery trucks will have air conditioning by June 1,...

The Canadian Union of Postal Workers (CUPSW) will resume mail deliveries on Saturday, rotating which workers are on strike. A labor dispute has caused mail services to be halted nationwide for two weeks. CUPW stated that the rotating strikes will begin at 6 am in each time zone. This will allow parcels and mail to be moved again, while continuing to pressure Canada Post, which is a government-owned corporation, to come to a fair collective contract. On September 25, more than 55,000 post workers left their jobs after Public Works and Procurement minister Joel Lightbound announced a restructuring of Canada...

FedEx announced on Monday that it had appointed Marshall Witt, a former executive of the company, as finance chief for its freight trucking division. Witt will take up his new position effective October 15. This completes the leadership team in the division which is due to be spun off in 2026. The parcel carrier announced that Brad Martin, an insider, would be the new chairman of its less-than truckload division and veteran executive John Smith will serve as its CEO. The appointment completes soon-to-be-independent FedEx Freight's leadership lineup. Analysts have said that the segment has been undervalued by FedEx despite...

The top Democrat of the U.S. Senate Finance Committee has accused the Trump Administration of inadequate customs procedures. This is because the administration ended the "de minimis", or U.S. exemption from tariffs for packages below $800. This led to major disruptions to mail shipments sent to U.S. consumers and small businesses. In a letter sent to Commerce Secretary Howard Lutnick, Senator Ron Wyden asked for answers about how the department determined that it had adequate systems in place to collect duty on low-value packages since the exemption expired on August 29, 2009. Wyden, a member of the Democratic Party who...

A forecast released on Monday shows that U.S. shipping companies will handle 2.3 billion parcels this holiday season. This is 5% more than the previous year. An extra shopping day has helped offset President Donald Trump's tax policies. Investors want to know about the holiday season, which runs from Thanksgiving through Christmas. Companies like FedEx or UPS can deliver up to twice as many packages some days. ShipMatrix, a logistics technology provider, said Monday that the expected increase in holiday delivery will not be distributed equally among companies. This could lead to a greater pushback from customers on "peak surcharges",...

The Canadian Union of Postal Workers reported that Canada Post employees went on strike nationwide on Thursday, after the Canadian Government demanded the company undergo transformation. The union announced that "all CUPW members working for Canada Post will be on strike immediately in response to the government's attacks on our postal services and workers." Canada Post has not responded to our request for comment immediately. Canada Post was told by the Canadian government to make changes in its operations earlier on Thursday. The company faces structural challenges that, along with outdated restrictions and stagnant negotiations between management and labour, have...