The big picture

Clean trucks are paving the road to the electric vehicle era

The impact of the pandemic on e-commerce is adding to the urgency.

Dec 4, 2020 - Economy & Business
Boeing expects to sell fewer planes over the next decade

The lowering demand is a direct result of the economic shock from the coronavirus pandemic.

Oct 6, 2020 - Economy & Business
Eyeing the end of gas-powered cars

"Europe and China have woken up to the fact that [the combustion engine] is dead."

Sep 25, 2020 - Economy & Business
Elon Musk is channeling Henry Ford in auto manufacturing

Musk is embracing many of Ford’s ideas like vertical supply chains and manufacturing efficiency

Aug 14, 2020 - Economy & Business
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
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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23 hours ago - Economy & Business

Unlocking your car's newest tech could require a subscription

Tesla is proposing a $199 monthly subscription for its assisted-driving system. Photo: Jasper Juinen/Bloomberg via Getty Images

Car technology is changing fast — and getting more expensive. But a more affordable alternative for some buyers is subscribing only to the car features they want.

Why it matters: Automakers drool over the prospect of collecting recurring revenue from car owners, even as they roll out regular software improvements. And people who lease their vehicles, or trade them in frequently, could avoid spending thousands of dollars on cutting-edge tech they only get to use for a few years.

How Tesla was like most other companies in Q2

Photo: Qilai Shen/Bloomberg via Getty Images

Tesla's quarterly results echoed what many other companies have been communicating in recent weeks.

Why it matters: The electric vehicle company has been one of the hottest growth stories of the last few years, with its stock decoupling from the rest of the market as it made shareholders and its CEO Elon Musk billions of dollars wealthier.

Canadians are ready to come back to Tampa

Illustration: Sarah Grillo/Axios

Canadians are ready to return to Florida as their government eases COVID-19 travel restrictions — and nonstop flights between Toronto and Tampa International Airport have resumed.

  • And Florida responds: It's aboot time!

Why it matters: Canada is the number one international visitor market for Tampa Bay.

Used car supply is improving

Photo: Jim Watson, AFP via Getty Images

The used car supply shortage is loosening up.

Why it matters: Used car prices exploded in the past year, boosting inflation substantially, as disruptions in the production of new cars held back the supply of preowned cars.

Jul 16, 2021 - Economy & Business

Lyft shared rides to return next week

Photo: Andrew Harrer/Bloomberg via Getty Images

One of the first things to go when the pandemic struck U.S. cities is back: carpooling.

Driving the news: Lyft is bringing back shared rides in Philadelphia, Chicago and Denver on Monday, with plans to keep adding cities over the coming months.

Delta posts 1st profit since start of pandemic thanks to federal aid

Expand chart
Data: FactSet and corporate filings; Chart: Danielle Alberti/Axios

Delta's second-quarter profit of $652 million comes with an asterisk.

The intrigue: Strip out $1.5 billion from government assistance and other one-time boosts, and the airline actually lost $678 million.

Ben Geman, author of Generate
Jul 13, 2021 - Economy & Business

United Airlines, Mesa Air Group to buy 200 electric planes

Illustration: Sarah Grillo/Axios

United Airlines and the regional carrier Mesa Air Group this morning announced conditional plans to buy 100 planes each — and an option for more — from the electric plane startup Heart Aerospace.

Driving the news: The two airlines are also investors in a $35 million Series A funding round for the Swedish startup that hopes to bring a 19-seat electric plane into service by 2026.

Ben Geman, author of Generate
Jul 9, 2021 - Energy & Environment

Gasoline demand has roared back past pre-pandemic levels

Data: EIA; Chart: Axios Visuals

New federal data shows that gasoline demand has returned to pre-pandemic levels — and beyond.

Why it matters: It shows how vaccines, return to office work and the broader reopening of the economy have prompted a major return to the roads.

Ben Geman, author of Generate
Jul 8, 2021 - Energy & Environment

EU hits Volkswagen, BMW with $1 billion fine over emissions

Executive Vice President of the European Commission for A Europe Fit for the Digital Age, Margrethe Vestager talks to the media in the EU Commission press room on July 8, 2021. Photo: Thierry Monasse/Getty Images

European regulators on Thursday announced a $1 billion fine against the Volkswagen Group and BMW for running afoul of antitrust rules by "colluding on technical development in the area of nitrogen oxide cleaning."

Driving the news: The European Commission's Margrethe Vestager, the top antitrust official, said the settlement is about "how legitimate technical cooperation went wrong."

Cargo glut at key Chinese shipping port loosens after global delays

Photo: Chen Changjun/VCG via Getty Images

A key shipping port in Yantian, in southern China, is nearly back to full capacity after a recent COVID outbreak partially shut down operations.

Why it matters: Delays of up to 16 days were reported by shipping giant Maersk last month, threatening to slow down already logjammed global supply chains even further.

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