Transportation

The big picture

Airline recovery falters before it even gets off the ground

The airline industry is already suffering the worst crisis in its history.

Jul 10, 2020 - Economy & Business
Why going electric makes sense for ride-hailing

Ride-hailing vehicles log lots of miles.

Jul 2, 2020 - Energy & Environment
Poor communities at risk as strapped public transit starts up again

The pandemic and recent protests put a spotlight on transportation inequities, giving urban planners new motivation to get it right.

Jun 26, 2020 - Economy & Business
Electric vehicles are coming, but no one is sure how fast

Their adoption is one variable affecting the future of oil demand and carbon emissions.

Dec 19, 2019 - Energy & Environment
Video: Transportation's looming overhaul

Changes in transportation are changing society at a level we haven’t seen in over 200 years.

Dec 4, 2019 - Economy & Business
Transportation's looming overhaul

"It’s a gamble based on what you think will happen, but if you don’t do anything, then for sure you’re out of business."

Oct 18, 2019 - Energy & Environment

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Dan Primack, author of Pro Rata
23 hours ago - Economy & Business

Garrett Motion files for bankruptcy, agrees to be acquired

Illustration: Sarah Grillo/Axios

Garrett Motion, a New York-listed auto parts manufacturer based in Switzerland, filed for a prepackaged Chapter 11 bankruptcy that would include a $2.1 billion sale to KPS Capital Partners.

Behind the scenes: This deal is driven as much by ongoing litigation with former parent company Honeywell as it is by the pandemic-driven slowdown in auto manufacturing.

Ben Geman, author of Generate
Sep 21, 2020 - Energy & Environment

Nikola founder steps aside amid allegations of fraud

Illustration: Lazaro Gamio/Axios

Nikola announced Monday that executive chairman Trevor Milton, who is also the company's founder, is out as the electric and fuel cell truck startup reportedly faces federal inquiries into a short-seller's allegations of inaccurate or misleading statements.

Why it matters: It's the latest move in a head-spinning series of events for Nikola.

United Airlines asks Congress, Trump to restart talks on airline aid

Photo: Justin Sullivan/Getty Images

United Airlines' CEO Scott Kirby and union leaders asked Congress and the White House in a letter on Friday to restart talks on coronavirus aid, warning that United may be forced to furlough as many as 16,000 employees starting Oct. 1 if the current aid package is not extended.

The state of play: The federal government's payroll support program for airlines is set to expire on Sept. 30. White House Chief of Staff Mark Meadows in a meeting with airline executives on Thursday said President Trump would support a $25 billion extension to Congress' current aid package.

Sep 18, 2020 - Economy & Business

GM's eyes are wide open on Nikola partnership

GM CEO Mary Barra. Photo by Chip Somodevilla/Getty Images

This week General Motors found itself having to defend a deal in which it can't lose — illustrating how distorted the markets have become over newly public electric vehicle companies.

Catch up quick: On Sept. 8, GM announced a strategic partnership with Nikola Motor Co., a high-flying startup with ambitions to build electric and hydrogen fuel-cell trucks, but no revenue. Nikola shares soared 40% on the news, and GM climbed too.

Sep 18, 2020 - Economy & Business

What we're driving: 2020 Lincoln Corsair Reserve

2020 Lincoln Corsair Reserve. Photo: Lincoln

This week I drove the 2020 Lincoln Corsair Reserve, a compact luxury SUV offering more evidence that Lincoln is back.

The big picture: As Ford Motor's premium brand, Lincoln has struggled to find its footing among Japanese and European luxury competitors. But starting a few years ago, it stopped trying to copy those guys and focused instead on pampering customers with a modern interpretation of American luxury.

Sep 18, 2020 - Economy & Business

Anxious days for airline workers as mass layoffs loom

Sara Nelson, president of the Association of Flight Attendants, during a Sept. 9 protest outside the Capitol. Photo: Alex Wong/Getty Images

The clock is ticking for tens of thousands of anxious airline employees, who face mass reductions when the government's current payroll support program expires on Sept. 30.

Where it stands: Airline CEOs met Thursday with White House Chief of Staff Mark Meadows, who said President Trump would support an additional $25 billion from Congress to extend the current aid package through next March.

Where the Boeing-Airbus duopoly stands

Expand chart
Data: FactSet; Chart: Axios Visuals

The pandemic put Boeing and its European competitor Airbus on nearly the same playing field, at least in the eyes of investors.

Between the lines: Boeing and Airbus have a duopoly on the plane manufacturing market. In the midst of Boeing's 737 MAX crisis, Airbus delivered more than Boeing and became the world's top aircraft deliverer for the first time in years. But it was COVID-19 — not that victory — that brought the companies’ market caps to the narrowest gap on record earlier this year. Since then, Boeing has rebounded to widen its lead.

Boeing's one-two punch

Illustration: Aïda Amer/Axios

The grounding of Boeing’s 737 MAX was the worst crisis in the plane-maker’s century-long history. At least until the global pandemic hit.

Why it matters: Wall Street expects it will be cleared to fly again before year-end. Orders for what was once the company’s biggest moneymaker were expected to rebound after the ungrounding, but now the unprecedented slump in travel will dash airlines’ appetite for the MAX and any other new planes, analysts say — putting more pressure on the hard-hit company.

Ben Geman, author of Generate
Sep 17, 2020 - Energy & Environment

Ford's electric F-150 plans come into focus

Screenshot of the electric Ford F-150 from a promotional video. Courtesy of Ford

Ford is offering more info about the design and strategy around its long-awaited entry into the electric truck market, the battery-powered F-150 pickup arriving in mid-2022.

Why it matters: There's new capital coming into the increasingly competitive electric pickup race, with Tesla, Rivian and others bringing new models to market over the next couple of years.

House report says errors at Boeing and FAA led to 737 MAX crashes

Photo: Drew Angerer/Getty Images

The House Transportation Committee on Wednesday released a scathing report, highlighting "repeated and serious failures" by Boeing and the Federal Aviation Administration that preceded two deadly 737 MAX jet crashes in 2018 and 2019.

The big picture: The 239-page report says the crashes, which killed 346 people, were the result of a "horrific culmination" of poor technical assumptions by Boeing’s engineers, a lack of transparency by Boeing’s management and insufficient oversight by the FAA.

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