earnings
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Air Cargo
737 MAX crisis undercuts Southwest Airlines’ profits
Southwest Airlines is the latest carrier to describe how the loss of capacity from the 737 MAX grounding is eating into profits.
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Air Cargo
United Airlines expects spending spike to cover new aircraft deliveries
The airline plans to take 17 new cargo-friendly widebodies this year but doesn’t know when it will see any new 737 MAXs.
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Autonomous Vehicles
Magna shutting off costly partnership with Lyft
Canadian auto manufacturer says it will stop developing self-driving technology with the U.S. ride-sharing company as it announces lower sales outlook for 2020.
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Air Cargo
Delta beats 2019 profit estimates, sets revenue record
Operating revenue for cargo operations at Delta Air Lines fell 13% for the fourth quarter ($187 million) and the full year ($753 million) compared to…
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What the Truck?!?
WTT?!? weekend wrap: AB5 update, Lime scales back, mad insurance rates, pricing power, more [with video]
Happy top of the weekend! Thanks for making us a part of the backhaul of your week, and boy do we have some news for…
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American Shipper
CMA CGM aims to raise $2 billion to pay loans on CEVA purchase
CMA CGM reported solid results for the third quarter of 2019. However, those results were weighed down by the costs of financing its purchase of…
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Equipment
BorgWarner reports lower Q3 earnings on slightly higher sales
BorgWarner Inc., which makes engine components and drivetrains for combustion, hybrid and electric vehicles, reported lower third-quarter earnings on slightly higher sales.
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Company earnings
Trimble takes revenue hit from challenging market
Trimble misses revenue estimates for third quarter of 2019.
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Air Cargo
Atlas Air loses money from Q3 operations
Updated at 8:40 p.m. Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), buffeted by a weak global airfreight market exacerbated by trade disputes and disruptions from…
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Air Cargo
American Airlines beats Q3 earnings estimates despite operational, cargo difficulties
Updated at 3:15 p.m. EST. Earnings call adds. Cargo business fell during a challenging third quarter for American Airlines [NASDAQ: AAL], which faced operational disruptions…
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