Category: fox-business/industries/transportation

Gas prices have again doubled since Biden took office, despite White House claiming ‘costs have fallen’

Gas prices are on the rise again in the U.S. and have more than doubled since President Biden took office despite the White House recently saying that “costs have fallen for everyday purchases from a gallon of gas to a gallon of milk.”  As of Wednesday, April 10, AAA’s national average cost for a gallon of gas is approximately $3.62, up from the $2.39 figure…

Earthquake outside NYC triggers ground stop at major airports

The Federal Aviation Administration temporarily grounded all flights on Friday at Newark and John F. Kennedy International Airports in the tri-state area following a 4.8 magnitude earthquake that struck New Jersey. There were no immediate reports of damage following the tremor, which was felt across the Northeast and centered around Whitehouse Station in New Jersey. The FAA said in an advisory that “customers can expect…

Baltimore bridge collapse poses ‘temporary risk’ to local, state economies: Moody’s

The stunning collapse of the Francis Scott Key Bridge in Baltimore last week could pose a temporary economic threat to local and state economies, according to Moody’s. In a new analyst note, Moody’s said that both Baltimore and Maryland face potential fallout as wreckage from the bridge blocks a vital shipping lane to one of the country’s busiest ports.  “The collapse of the Francis Scott…

Ex-merchant marine captain warns there is ‘no way of controlling’ cargo ship with mechanical error

A former merchant marine captain – who’s traveled in and out of the Baltimore port “a number of times” – explained what happens when a mechanical error occurs on cargo ships.  “When you look at these incidents, typically you’ll look at human error, you’ll look at mechanical error and possibly some sort of security concern. At initial glance, it looks here like it is a…

PHOTOS: Maryland’s Francis Scott Key Bridge collapse

A “ship strike” caused the Francis Scott Key Bridge along I-695 in Maryland to collapse early Tuesday morning sending the structure and cars on the bridge into the Baltimore harbor. A search and rescue mission is underway.  A livestream of the bridge at about 1:30 a.m. showed a cargo ship colliding with a support beam, causing the bridge to break apart and fall into the…

Transportation safety probe launched into ‘self-driving’ electric Ford Mustang behind fatal accident in Texas

The National Highway Traffic Safety Administration announced a probe into Ford after a fatal accident that may have involved the company’s automated driving feature.  Regulators are investigating the circumstances of a fatal crash in the San Antonio, Texas, area last month involving a 2022 Ford Mustang Mach-E SUV, according to The Wall Street Journal. The Mustang reportedly slammed into the rear of a stationary Honda…

Tesla Autopilot, similar automated driving systems rated ‘poor’ by safety group

The Insurance Institute for Highway Safety rolled out a new safety rating system for partial automated driving systems, and the first tests did not go well for Tesla – or nearly any of the electric vehicle giant’s rivals. Under the system, the IIHS assigns the systems a rating of good, acceptable, marginal or poor based on its safeguards, and none of the automated systems landed…

JetBlue shares spike after Carl Icahn takes 10% stake

Shares of JetBlue Airways jumped Tuesday after activist investor Carl Icahn bought a nearly 10% stake in the carrier.   The billionaire behind Icahn Enterprises owns 33.62 million shares, which is equivalent to a 9.91% stake, according to a filing with the Securities and Exchange Commission that also noted Icahn believes the shares are “undervalued and represented an attractive investment opportunity.” JetBlue’s stock is on…

FAA boss reacts to calls to raise pilots’ mandatory retirement age

The Federal Aviation Administration (FAA) leader reacted Tuesday to calls to raise the mandatory retirement age of airline pilots from 65 to 67. A letter dated Monday, Feb. 5, bearing the name and signature of FAA Administrator Michael Whitaker, sent to Senate Commerce Committee Chair Maria Cantwell, D-Wash., and Ranking Member Sen. Ted Cruz, R-Texas, said “it is crucial to provide the agency an opportunity…

FAA warns Congress against raising airline pilot retirement age ahead of hearing

The Federal Aviation Administration (FAA) leader told lawmakers in a letter Monday that they should not raise the mandatory retirement age of airline pilots from 65 to 67 before additional research is done. “It is crucial to provide the agency an opportunity to conduct research and determine mitigations,” FAA Administrator Mike Whitaker said in the letter first reported by Reuters. The Senate Commerce Committee may…

Ex-American Airlines chief says Boeing faces ‘tough chore’ to regain reputation

Former longtime American Airlines CEO Robert Crandall predicted Friday that U.S.-based plane manufacturer Boeing has a long road to regain its positive reputation, but predicted that despite current headwinds, the company will be back on top in the future. Crandall’s comments to FOX Business come after a door plug blew off midflight on a Boeing 737 Max 9 jet being operated by Seattle-based Alaska Airlines…