The Metropolitan Transportation Authority has wiped $376 million from its farebox revenue forecast over the next four years because of declining ridership on New York City’s subway and buses.
The Metropolitan Transportation Authority has wiped $376 million from its farebox revenue forecast over the next four years because of declining ridership on New York City’s subway and buses.
By Paul Berger · July 25, 2018
China’s state-run Cosco Shipping Holdings Co. was hit by a cyberattack that disabled its U.S. website and email systems, but it hasn’t disrupted its global shipping operations, the company said.
By Costas Paris · July 25, 2018
Fiat Chrysler Automobiles shares sank after the auto maker reported a 35% drop in second-quarter profit and cut guidance on a number of targets for the full year.
By Chester Dawson and Max Bernhard · July 25, 2018
From tires to cabs, big rigs are getting smarter with new systems aimed at getting trucks to run safer, more efficiently and with lower operating costs.
By Erica E. Phillips · July 25, 2018
Ford is carving out its autonomous-vehicle program into a separate wholly owned company, a bid to accelerate its driverless-car efforts by attracting outside investors.
By Mike Colias and Aisha Al-Muslim · July 24, 2018
The deteriorating health of Sergio Marchionne forced Fiat Chrysler to replace him as CEO this weekend, a sudden change at a company dealing with a rapidly evolving industry and a global trade dispute.
By Chester Dawson · July 23, 2018
Saks Fifth Avenue, Zulily and Barnes & Noble College are among several businesses that have joined a new marketplace allowing advertisers to buy and insert paper ads in customers’ boxes.
By Khadeeja Safdar · July 22, 2018
Fiat Chrysler appointed a new chief executive in an unexpected move to replace the ailing Sergio Marchionne, who has led the company for nearly a decade.
By Chester Dawson · July 21, 2018
The race to import tea to the U.S.—and smuggle opium to China—gave rise to a technological marvel: the clipper ship.
By Randall Fuller · July 20, 2018
The Tesla brand has its share of haters, but no one has yet driven the new Model 3 Performance—until now. Dan Neil takes a first turn behind the wheel of the dual-motor dynamo.
By Dan Neil · July 19, 2018
Container imports at the ports of Los Angeles and Long Beach jumped 8.4% in June amid ‘anxiety’ over trade tensions.
By Erica E. Phillips and Benjamin Din · July 17, 2018
Car sellers and industry analysts say consumers should expect higher prices on auto imports if President Donald Trump’s proposed 25% tariff on car imports is enacted.
By Adrienne Roberts · July 17, 2018
Private equity groups Stonepeak Partners and D1 Capital Partners buy into the company, the No. 2 provider of refrigerated warehousing in the growing market for refrigerated logistics.
By Erica E. Phillips · July 17, 2018
Transportation operator leads off second-quarter earnings reports for sector saying it saw double-digit gains in trucking, rail pricing measures.
By Kimberly Chin · July 16, 2018
Among the companies with shares expected to trade actively in Monday's session are Bank of America, Boeing, Amazon.com, Netflix and BlackRock.
By Francesca Fontana and Orla McCaffrey · July 16, 2018
It might look like Subaru is cashing in on the three-row SUV trend with its biggest vehicle to date. But Dan Neil explains why the new Ascent is the best of the bunch.
By Dan Neil · July 12, 2018
Tesla announced plans to build a factory in Shanghai, a move expected to boost sales in the world’s largest auto market but comes amid a broader U.S.-China trade dispute.
By Trefor Moss and Tim Higgins · July 10, 2018
BMW and Daimler have contributed to the U.S.’s emergence as an auto exporter, but the Trump administration’s trade battle with China could blunt their efforts.
By William Boston · July 10, 2018
The retail behemoth’s foray into the Big Apple will be an ecommerce fulfillment center in the Bronx leased by Jet.com, the online startup Walmart bought two years ago.
By Sarah Nassauer · July 10, 2018
Trade tariffs between the U.S., China and Europe add to the problems confronting the shipping industry, which was already struggling with weak demand and high fuel prices.
By Costas Paris · July 9, 2018