A Norfolk Southern spokesperson said Saturday that it's uncertain whether two cavers who were rescued early Wednesday in a cave on private railroad property near the base of Lookout Mountain in Chattanooga, Tennessee, will face trespassing charges. Norfolk Southern (NYSE: NSC) suspended train traffic for 12 hours to assist in...
TuSimple’s normally transparent leadership transition goes awry, unsettling investors.
TuSimple Holdings' abrupt replacement of Cheng Lu as CEO with co-founder Xiaodi Hou demonstrated that unexpected movements frighten investors, even for a fledgling public business known for transparency. And frightened investors sell their investment. There is a lot of stock. TuSimple is currently trading near an all-time low. It was...
Ethiopian Airlines has announced plans to purchase five Boeing 777-8 freighters.
Ethiopian Airlines and Boeing announced late Friday that they had signed a preliminary deal for the purchase of five 777-8 freighters. If the agreement is signed, Africa's largest airline will be the second customer for the cargo variant of the next-generation 777. The expansion of the freighter fleet is part...