Delta Air Lines' cargo revenue dropped 28% year-on-year in Q1, reflecting a weak freight market due to a slowing global economy, high inflation, the Ukraine war, and excessive retail inventories. The airline reported $209 million in cargo revenue for the quarter. Delta’s cargo business surged during the pandemic as air...
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Terminals for landing and launching self-driving trucks are getting closer.
Driverless trucks are expected to be in limited use on some US interstates as early as late 2024. Their software developers are increasingly concerned with how they will be maintained between trips. Aurora Innovation appears to be the most advanced in terms of inspections, fueling maintenance, and automated landing and...
Triton Container Leasing will go private in a $13.3 billion deal.
Brookfield Infrastructure Partners is taking Triton International, the world’s largest owner and lessor of shipping containers, private in a $13.3 billion deal. Brookfield Infrastructure (NYSE: BIP) will pay $85 per share for Triton (NYSE: TRTN), representing a 35% premium over Triton's Tuesday closing price. Triton shareholders will receive $68.50 in...