Business Transportation News

The latest business transportation stories, summarized by AI

"Minneapolis Prepares for Uber and Lyft Exit as New Rideshare Options Emerge"
business-transportation4.76 min read

"Minneapolis Prepares for Uber and Lyft Exit as New Rideshare Options Emerge"

1 year agoSource: Yahoo! Voices
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"Norfolk Southern Names Industry Veteran as New COO Amid Proxy Battle"
business-transportation
1.925 min1 year ago

"Norfolk Southern Names Industry Veteran as New COO Amid Proxy Battle"

Norfolk Southern is set to name John Orr, an executive from Canadian Pacific Kansas City, as its new chief operating officer amid a proxy battle with activist investor Ancora Holdings. Orr brings a background in Precision Scheduled Railroading operations, which is highly valued on Wall Street. The move comes as Norfolk Southern seeks to fend off Ancora's efforts to oust CEO Alan Shaw and install former CSX operations chief Jamie Boychuk as COO. Orr replaces Paul Duncan and will be tasked with improving the company's operational, financial, and safety performance.

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business-transportation2 years ago

"Evacuation Triumphs and Trials: From Japan Airlines' Fiery Ordeal to a Pub Owner's Flooded Resilience"

A Japan Airlines Airbus A350 was evacuated in 18 minutes following a collision, with no casualties, despite certification requirements for an evacuation in under 90 seconds. This incident raises questions within the airline industry about whether the successful evacuation without injuries is a testament to aircraft design and procedures, or if it was a stroke of luck, highlighting potential challenges in evacuating modern aircraft quickly in emergencies.