iShares Trust iShares U.S. Transportation ETF (BATS: IYT)

Últimas noticias sobre iShares Trust iShares U.S. Transportation ETF (BATS:IYT)

iShares Trust iShares U.S. Transportation ETF

iShares Transportation AverageETF

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The fund seeks to track the investment results of the Dow Jones Transportation Average Index (the Underlying Index), which measures the performance of large, well-known companies within the transportation sector of the U.S. equity market. The Underlying Index includes large-, mid- and small-capitalization companies and may change over time.

Union Pacific Corp

Uber Technologies Inc

United Parcel Service Inc

Fedex Corp.

Old Dominion Freight Line Inc.

Norfolk Southern Corp.

Csx Corp.

Delta Air Lines Inc.

Expeditors International Of Washington Inc.

Southwest Airlines Co.

iShares US Transportation ETF

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Markets

Movers

Tech

General

BUYZ

iShares Dow Jones Transportation Average Index Fund

UBER

Las acciones de Uber suben tras la expansión de su asociación con Waymo. Nuevos servicios autónomos en Austin y Atlanta a partir de 2025.

Acciones de Uber suben tras expansión de asociación con Waymo

Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) shares are trading marginally higher on Wednesday <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">in the premarket session.</a>
Today, the company has finalized a partnership with WeRide, an autonomous driving technology firm, to integrate WeRide&#8217;s self-driving vehicles into the Uber platform, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41020151/weride-and-uber-partner-to-bring-autonomous-vehicles-to-the-uber-platform-beginning-in-the-united-" rel="noreferrer noopener">starting in the United Arab Emirates</a>.
The partnership is gearing up for an exciting launch in Abu Dhabi later this year, featuring a fleet of WeRide&#8217;s autonomous vehicles ready to roll through the Uber app. WeRide currently operates the largest robotaxi fleet in the UAE, where residents can access its robotaxi services through the TXAI app.
However, this bold venture won&#8217;t be expanding to the U.S. or China.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/41020937/us-stocks-may-stall-after-s-p-500-hits-another-record-micron-earnings-meta-connect-on-traders-radar" rel="noreferrer noopener">US Stocks May Stall After S&amp;P 500 Hits Another Record; Micron Earnings, Meta Connect On Traders&#8217; Radar: Why This Strategist Is Optimistic About Q4</a>
Additionally, in July 2023, WeRide received the UAE&#8217;s first and only national license for self-driving vehicles, which permits the testing and operation of its autonomous vehicles on public roads throughout the country.
Earlier this month, Uber inked a multi-year delivery partnership with Darden Restaurants, Inc., <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40935338/darden-and-uber-partner-to-introduce-on-demand-delivery-with-olive-garden-the-first-to-pilot" rel="noreferrer noopener">set to begin with Olive Garden in late 2024.</a>
The agreement will enable restaurant guests to order on-demand delivery via Darden restaurant channels, with delivery handled by Uber Direct, through Uber&#8217;s national delivery network.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, UBER stock has gained over 72% in the past year. Investors can gain exposure to the stock via iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;Franklin Disruptive Commerce ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BUYZ#BATS">BUYZ</a>).
Price Action: UBER shares are trading higher by 0.59% to $77.90 premarket at last check Wednesday.
Photo by Daniel Fung on Shutterstock
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</ul>

Uber Teams With WeRide For UAE Robotaxi Rollout: Details

A possible strike by thousands of dockworkers at <a href="https://www.benzinga.com/government/24/09/40713418/retailers-plea-for-deal-us-ports-union-start-two-day-talk-in-effort-to-prevent-disruptive-strike">East and Gulf coast ports</a> in October could result in major disruptions in the supply chain of goods coming in and out of the U.S., according to an export on container trade.
The International Longshoremen's Association (ILA), representing more than 85,000 dockworkers, may go on strike on Oct. 1 as the union&#8217;s contract expires on Sept. 30 and negotiations between the ILA and U.S. Maritime Alliance of terminal operators show signs of breaking down, said Christian Roeloffs, CEO of online container leasing platform Container xChange.
&#8220;A strike now appears increasingly likely, threatening to disrupt nearly half of the nation&#8217;s ocean trade,&#8221; he said on Tuesday.
&#8220;The uncertainty is compounded by the fact that the duration of these strikes is unclear — it could be resolved within weeks or drag on for months, as seen with the West Coast strike last year.
&#8220;September is traditionally one of the busiest months for U.S. containerized imports, driven by the peak shipping season as businesses prepare for the holiday rush.&#8221;
Read Also: <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">Transatlantic Container Shipping Volumes Rise As Possible Strike At U.S. Ports Hovers</a>
But it isn&#8217;t just a strike that threatens to disrupt the shipment of goods for the retail, automotive and other sectors, he said.
&#8220;This year presents an unprecedented combination of challenges that could heavily impact supply chains. Potential labor strikes, natural disasters, and tariff uncertainties are converging, creating a highly volatile environment for global trade,&#8221; he said. 
&#8220;This also led to the pulling forward of orders by retailers, which led to strong inventories in the U.S.&#8221;
A strike could also cause havoc for container leasing and trading companies by causing major delays, port congestion and rerouted cargo, Roeloffs said.
"Companies should anticipate short-term spikes in demand for leased containers as retailers rush to secure goods ahead of potential disruptions, particularly for seasonal inventory and industrial shipments," he said.
&#8220;While the threat of strikes looms large, it's important to note that U.S. inventories are currently strong due to the pulling forward of orders earlier this year to avoid existing disruptions. 
The retail, automotive and semiconductor industries, all of which could be impacted by a port strike, saw gains and losses into Tuesday&#8217;s mid-day trading.
<h1 class="wp-block-heading">Retail</h1>
<ul>
<li>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) fell 1.18% to $79.61</li>
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) slipped 0.26% to $152.45</li>
<li>Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) gained 0.89% to $385.42</li>
</ul>
<h1 class="wp-block-heading">Automotive</h1>
<ul>
<li>Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) gained 1.30% to $10.94</li>
<li>General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) picked up 1.59% to $47.62</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) slipped 0.18% to $15.16</li>
</ul>
<h1 class="wp-block-heading">Semiconductor</h1>
<ul>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) fell 0.43% to $168.35</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) declined 0.87% to $162.59</li>
<li>Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) rose 1.13% to $68.50</li>
</ul>
<h1 class="wp-block-heading">Indexes that follow the retail and automotive sectors trended upward</h1>
<ul>
<li>Dow Jones Transportation Average, which is tracked by the iShares Transportation Average ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>), rose 1.2% to 16,032.91 points</li>
<li>S&amp;P Retail Select Industry Index, which is tracked by the SPDR S&amp;P Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRT#NYSE">XRT</a>), gained 1.4% to 10,375.45 points</li>
<li>S&amp;P 500 Automobiles &amp; Components Index&nbsp;rose 2.7% to 130.02 points. There is no exchanmge-traded fund that closely follows this index, but First Trust S-Network Future Vehicles &amp; Tech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARZ#NASDAQ">CARZ</a>) provides broad exposure to global automobile manufacturers and related companies, including those in the S&amp;P 500 Automobiles &amp; Components Index.</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/08/40497103/strikes-at-us-ports-canadas-railways-may-cause-container-freight-rate-volatility">Strikes At US Ports, Canada&#8217;s Railways May Cause Container Freight Rate Volatility</a></li>
</ul>
Photo: Shutterstock

Trading Ideas

ETFs

AVGO

CARZ

QCOM

STLA

US Port Strike In October Could Lead To Major Supply-Chain Disruptions, Says Container Trade Expert

Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) shares are trading higher after the company and Waymo announced an expansion of their partnership, bringing <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40853393/uber-and-waymo-expand-partnership-to-bring-autonomous-ride-hailing-to-austin-and-atlanta" rel="noreferrer noopener">autonomous ride-hailing to Austin and Atlanta.</a>
Starting early in 2025, Waymo and Uber will exclusively introduce autonomous ride-hailing services in Austin and Atlanta through the Uber app. This collaboration will see Uber managing and dispatching a fleet of Waymo&#8217;s fully autonomous, all-electric Jaguar I-PACE vehicles, which will eventually number in the hundreds.
Waymo is an autonomous driving technology company serving over two million rider-only trips across 13+ U.S. states.
Uber riders requesting services like UberX, Uber Green, Uber Comfort, or Uber Comfort Electric may be matched with a Waymo vehicle for eligible trips.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, UBER stock has gained over 41% in the past year. Investors can gain exposure to the stock via&nbsp;iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;Franklin Disruptive Commerce ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BUYZ#BATS">BUYZ</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40651094/uber-reaffirms-commitment-to-south-korean-market-report" rel="noreferrer noopener">Uber Reaffirms Commitment To South Korean Market: Report</a>
&#8220;We&#8217;re thrilled to build on our successful partnership with Waymo, which has already powered fully autonomous trips for tens of thousands of riders in Phoenix,&#8221; said Uber CEO Dara Khosrowshahi.
As part of this expanded partnership, Uber will handle fleet management tasks such as vehicle cleaning, repairs, and general depot operations. Meanwhile, Waymo will remain in charge of testing and operating the Waymo Driver, as well as providing roadside assistance and specific rider support functions.
&#8220;We&#8217;ve been delighted at the positive feedback from our Waymo One riders to date, and we can&#8217;t wait to bring the comfort, convenience, and safety of the Waymo Driver to these cities in partnership with Uber,&#8221; said Tekedra Mawakana, co-CEO, Waymo.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Price Action: UBER shares are trading higher by 5.76% to $72.01 at last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/08/40626936/grab-follows-ubers-lead-to-add-over-1k-byd-evs-to-indonesian-fleet-for-green-rides" target="_blank" rel="noreferrer noopener">Grab Follows Uber&#8217;s Lead, To Add Over 1K BYD EVs to Indonesian Fleet for Green Rides</a></li>
</ul>
Image: Shutterstock

Uber Stock Spikes As CEO Praises Waymo's 'Fully Autonomous Trips'

BofA Securities analyst Ken Hoexter reiterated the Buy rating on Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>),<a target="_blank" href="https://www.benzinga.com/quote/NSC/analyst-ratings" rel="noreferrer noopener"> with a price objective of $259.</a>
Norfolk Southern has appointed Mark George as President &amp; CEO, replacing Alan Shaw, who was terminated for violating company policies. The board&#8217;s decision follows an investigation revealing Shaw&#8217;s inappropriate relationship with the <a target="_blank" href="https://www.benzinga.com//node/40771818" rel="noreferrer noopener">company&#8217;s Chief Legal Officer.</a>
Norfolk Southern has reaffirmed its 2024 targets, aiming for a 66% full-year operating ratio with a 64% &#8211; 65% target for the second half. New CEO Mark George, alongside COO John Orr, will focus on enhancing operational efficiency and closing the margin gap with peers, the analyst writes.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/09/40791962/norfolk-southern-ceo-alan-shaws-controversial-tenure-close-to-end-amid-ethics-scandal-wsj" rel="noreferrer noopener">Norfolk Southern CEO Alan Shaw&#8217;s Controversial Tenure Close To End Amid Ethics Scandal: WSJ</a>
Hoexter&#8217;s price objective is based on 19x the FY25 EPS estimate. The target multiple is above its 12x-18x range as it moves past its 2023- 2024 earnings trough.
Per the analyst, the company is set to accelerate earnings gains given its productivity improvements and focuses on volume gains and accelerating yields.
The analyst notes that the management transition will be seamless as COO Orr continues the operational overhaul and new CEO George provides continuity and highlights the firm&#8217;s management depth. The analyst&#8217;s estimate for FY25 EPS stands at $13.60 per share.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NSC stock has gained over 28% in the past year. Investors can gain exposure to the stock via&nbsp;iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF (NRSH).
Price Action: NSC shares are trading higher by 0.31% to $254.55 on Thursday.
Photo via Shutterstock
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40779678/boeings-tentative-union-deal-and-starliner-return-boost-sentiment-but-analyst-remai" target="_blank" rel="noreferrer noopener">Boeing&#8217;s Tentative Union Deal And Starliner Return Boost Sentiment, But Analyst Remains Neutral Pending Vote</a>.</li>
</ul>

Analyst Color

Price Target

Reiteration

Analyst Ratings

Norfolk Southern To See Volume Gains Amid Productivity Improvements Despite Management Churn: Analyst

On Wednesday, United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) announced that its pickup and delivery services in the southern U.S., particularly Louisiana, may be affected due to Hurricane Francine.
The company <a target="_blank" href="https://www.ups.com/us/en/service-alerts.page" rel="noreferrer noopener">stated</a>, &#8220;Contingency plans are in place to help ensure that shipments arrive at their final destinations as quickly as possible.&#8221;
On Tuesday night, Francine intensified into a hurricane, leading Louisiana <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40814667/exxon-other-us-oil-majors-brace-for-tropical-storm-francine-report" rel="noreferrer noopener">residents to evacuate inland</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39941461/ups-analysts-cut-outlook-after-parcel-giant-misses-revenue-estimate" rel="noreferrer noopener">UPS Analysts Cut Outlook After Parcel Giant Misses Revenue Estimate: &#8216;Market Still In Recovery Mode&#8217;</a>
On Wednesday, the storm&#8217;s northern eyewall was about 95 miles southwest of Morgan City, Louisiana, at 2 p.m. ET. NBC News reported sustained wind speeds of 90 miles per hour as it <a target="_blank" href="https://www.benzinga.com/government/24/09/40822108/hurricane-francine-approaches-louisiana-coast-may-become-category-2-storm" rel="noreferrer noopener">moves northeast at 16 miles per hour</a>.
President&nbsp;Joe Biden approved an emergency declaration for Louisiana, making federal disaster assistance available to the state, the Federal Emergency Management Agency said Wednesday.
Several oil companies shut down their refineries on the Louisiana coast this week.
This week, UPS agreed to acquire Frigo-Trans and its sister company BPL to boost end-to-end capabilities for temperature-sensitive and time-<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40788641/ups-bolsters-healthcare-logistics-capabilities-with-cold-chain-acquisitions" rel="noreferrer noopener">critical healthcare logistics across Europe</a>.
Investors can gain exposure to the stock via&nbsp;iShares Trust iShares U.S. Transportation ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>)&nbsp;and First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>).
Price Action: UPS shares are down 0.36% at $128.04 at the last check Thursday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39581491/whats-going-on-with-cruise-stocks-as-category-4-hurricane-beryl-churns-in-the-caribbean" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Cruise Stocks As Category 4 Hurricane Beryl Churns In the Caribbean?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Large Cap

FTXR

Hurricane Disrupts UPS Deliveries In Southern US: Details

Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) shares are trading slightly higher premarket today. The company&#8217;s CEO reportedly reaffirmed the company&#8217;s commitment to the South Korean market, which trails behind local tech group Kakao.
He emphasized that Uber will focus on attracting more taxi drivers to fuel growth in the region, reported Reuters.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40625596/uber-pumps-capital-into-nvidia-backed-wayves-series-c-funding-round" rel="noreferrer noopener">Uber Pumps Capital Into Nvidia-Backed Wayve&#8217;s Series C Funding Round</a>
Kakao holds over 90% of the taxi-hailing market in South Korea, based on app usage data.
Uber CEO Dara Khosrowshahi told reporters in Seoul, &#8220;The fact is that a taxi driver who uses the Uber app will make more money, will be more busy.&#8221;
&#8220;We are growing significantly faster than the market, and we&#8217;re confident that our market share will only grow from here.&#8221;
Uber initially entered the South Korean market in 2013 but withdrew due to regulations permitting only taxi-licensed companies to offer ride services.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40621232/uber-ceo-dara-khosrowshahi-visits-byd-hq-in-china-to-discuss-onboarding-100k-byd-evs-on-the-ride-hai" rel="noreferrer noopener">Uber CEO Dara Khosrowshahi Visits BYD HQ In China To Discuss Onboarding 100K BYD EVs On The Ride-Hailing Platform</a>
In 2021, Uber re-entered the market by forming a joint venture with South Korea&#8217;s second-largest conglomerate, SK Group, named UT. In March this year, UT&#8217;s taxi-hailing service was rebranded as Uber Taxi.
This month, Uber and Cruise stated that it will begin offering autonomous rides next year in the U.S. using<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40533011/ubers-partnership-with-gms-cruise-shines-light-on-future-business-model-for-autonom" rel="noreferrer noopener"> part of Cruise&#8217;s 1,200 unit fleet</a>.
Investors can gain exposure to the stock via iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and Franklin Disruptive Commerce ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BUYZ#BATS">BUYZ</a>).
Price Action: UBER shares are up 0.50% at $72.59 premarket at the last check Friday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40626936/grab-follows-ubers-lead-to-add-over-1k-byd-evs-to-indonesian-fleet-for-green-rides" target="_blank" rel="noreferrer noopener">Grab Follows Uber&#8217;s Lead, To Add Over 1K BYD EVs to Indonesian Fleet for Green Rides</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

Uber Reaffirms Commitment To South Korean Market: Report

Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>)&nbsp;has reportedly employed former Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) executive Rebecca Tinucci to supervise the<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> ride-hailing platform&#8217;s transition to electric vehicles.</a>
Tinucci will begin on September 16 as the global head of sustainability, <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-08-20/uber-hires-ex-tesla-charger-executive-to-oversee-shift-to-evs?sref=TBDibEcD" rel="noreferrer noopener">reported</a> Bloomberg, citing an internal company announcement.
At Tesla, Tinucci supervised the 500-person Supercharging team — a division that Chief Executive Officer&nbsp;Elon Musk slashed&nbsp;as part of broader job cuts after a dull first quarter.
In the new role, Tinucci will lead Uber&#8217;s shift to a zero-emissions platform. The company aims to make all rides and deliveries worldwide zero-emission by 2040 and is also focused on reducing plastic waste from restaurant deliveries and adopting more sustainable packaging.
Tinucci will report to Andrew Macdonald, the senior executive overseeing the company&#8217;s ride-hailing business.
Tinucci&#8217;s experience &#8220;will be an incredible asset to our team at Uber,&#8221; Macdonald said in the email to employees, Bloomberg added.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40447709/ubers-cost-cuts-may-be-working-s-p-global-upgrades-credit-rating-as-stock-soars-25-in-2-weeks" rel="noreferrer noopener">Uber&#8217;s Cost Cuts May Be Working: S&amp;P Global Upgrades Credit Rating As Stock Soars 25% In 2 Weeks</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, UBER stock has gained over 64% in the past year. Investors can gain exposure to the stock via&nbsp;iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;Franklin Disruptive Commerce ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BUYZ#BATS">BUYZ</a>).
At Tesla, Tinucci played a key role in securing charging-station agreements with automakers like Rivian Automotive, Ford Motor Company, and General Motors Company, per the report.
These partnerships enabled thousands of drivers to access Tesla&#8217;s previously exclusive Supercharger network, broadening the company&#8217;s revenue stream.
Price Action: UBER shares are trading lower by 0.73% to $73.64 at last check Tuesday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40212775/move-over-yen-yuan-carry-trades-could-be-next-ticking-bomb-warns-strategists-but-it" target="_blank" rel="noreferrer noopener">Move Over Yen, Yuan Carry Trades Could Be Next Ticking Bomb, Warns Strategists: &#8216;But It&#8217;s Below The Danger Levels We Monitor&#8217;</a></li>
</ul>

Management

RIVN

TSLA

Uber Hires Tesla Veteran Who Was Previously Laid Off By Elon Musk: Report

Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) announced a multi-year strategic partnership to add 100,000 new BYD electric vehicles to the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b40063539/uber-and-byd-partner-to-accelerate-global-ev-transition" rel="noreferrer noopener">Uber platform in key global markets</a>.
Starting in Europe and Latin America, the partnership will provide drivers with competitive pricing and financing for BYD vehicles on the Uber platform and will later expand to the Middle East, Canada, Australia, and New Zealand.
The companies aim to lower the total cost of EV ownership for Uber drivers, boost global EV adoption on the Uber platform, and provide millions of riders with greener transportation options.
The partnership may include discounts on charging, maintenance, and insurance to aid Uber drivers in switching to electric vehicles and offer tailored financing and lease options based on market needs. The companies will also work together on future BYD autonomous-capable vehicles for the Uber platform.
Dara Khosrowshahi, CEO of Uber, said, &#8220;When an Uber driver makes the switch to an EV, they can deliver up to four times the emissions benefits compared to a regular motorist, simply because they are on the road more. Many riders also tell us their first experience with an EV is on an Uber trip, and we&#8217;re excited to help demonstrate the benefits of EVs to more people around the world.&#8221;
Last week, the California Supreme Court&nbsp;upheld&nbsp;Proposition 22, affirming the decision for the rideshare companies to consider drivers <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39989086/whats-going-on-with-uber-technologies-shares-today" rel="noreferrer noopener">as independent contractors</a>.
UBER stock rose over&nbsp;30%&nbsp;in the last twelve months. Investors can gain exposure to the stock via&nbsp;IShares Trust IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;Franklin Disruptive Commerce ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BUYZ#BATS">BUYZ</a>).
Price Action: UBER shares are up 2.69% at $64.79 at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Contracts

BYDDY

Uber And BYD Team Up For Electric Future,100K EVs To Hit The Road

Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) shares are trading higher after the company reported second-quarter financial results yesterday, and several <a target="_blank" href="https://www.benzinga.com/quote/NSC/analyst-ratings" rel="noreferrer noopener">analysts revised their price target</a>.
On Thursday, the company reported railway operating revenue of $3 billion, up 2% Y/Y, and delivered adjusted earnings of $3.06 per share, beating <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39971341/norfolk-southern-stock-surges-on-q2-earnings-the-details" rel="noreferrer noopener">analyst&nbsp;estimates&nbsp;of $2.86 per share</a>.
RBC Capital Markets analyst Walter Spracklin lowered the price target to $267 (from $270) and reiterated the Outperform rating.
Building on John Orr and the operating team&#8217;s progress, NSC has reaffirmed its 2024 guidance of a 66% Operating Ratio, aligning with the consensus estimate of 66.4%.
The analyst expects the company to reach an industry-average O/R of the mid-to-high 50s by 2027, which is crucial to their positive investment outlook.
While management hasn&#8217;t set a specific 2027 target, their guidance indicates $250 million in productivity savings within the first six months of productivity drive, $400 million in 1-2 years, and $550 million in 2-3 years, writes the analyst.
The management anticipates progress toward a sub-60% O/R in the first 1-2 years. Although this does not explicitly confirm a sub-60% O/R by 2026 or 57.5% by 2027, Spracklin says these targets are achievable and are not yet reflected in consensus estimates. The analyst reaffirmed the 2024 EPS estimate at $11.83.
Goldman Sachs analyst Jordan Alliger raised the price target to $292 from $280 while maintaining the Buy rating.
The analyst increased the EPS estimates for FY24, FY25, and FY26 due to higher-than-expected EPS results and greater confidence in management&#8217;s ability to drive productivity gains and significant margin improvements.
The analyst expects significant OR improvement in H2 2024, with the potential for up to 400 basis points of margin gains.
The likelihood that the projected 100-150 basis points annual OR improvement may be conservative, particularly if economic recovery boosts growth beyond typical forecasts, writes the analyst.
GS economists anticipate industrial production will rise from +0.6% YoY in 2024 to +3.8% YoY in 2025.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38992144/norfolk-southerns-operational-turnaround-to-drive-over-20-eps-growth-through-2027-a" rel="noreferrer noopener">Norfolk Southern&#8217;s Operational Turnaround To Drive Over 20% EPS Growth Through 2027, Analyst Says</a>
Stifel raised the price target to $241 from $239 and maintained a Hold rating.
Wells Fargo increased the price target to $270 from $260 and reiterated an Overweight rating.
Investors can gain exposure to the stock via IShares Trust IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRSH#NYSE">NRSH</a>).
Price Action: NSC shares are trading higher by 11.2% to $247.91 at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

NRSH

Norfolk Southern Poised for Long-Term Efficiency, Analyst Projects Improved Operating Ratios

Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) shares are trading lower today. On Thursday, the California Supreme Court <a href="https://www.uber.com/newsroom/prop-22-upheld/" target="_blank" rel="noreferrer noopener">upheld </a>Proposition 22, affirming the decision for the rideshare companies to consider drivers as independent contractors.
In November 2020, California voters approved Proposition 22, a statewide ballot measure that protected the ability of app-based rideshare and food delivery drivers to work as independent contractors with access to guaranteed earnings and new benefits. As independent contractors, drivers maintain control over when, where and how long they work.
Since its enactment, Prop 22 has benefitted millions of drivers and couriers on platforms like Uber, which has provided over $1 billion in direct benefits.
The California Supreme Court&#8217;s ruling is a significant win for the ride-hailing industry, which argued that requiring companies to classify drivers as employees could lead to service cutbacks or termination in the state, reported Reuters.
Read: <a target="_blank" href="https://www.benzinga.com/markets/asia/24/07/39681081/ubers-hong-kong-operations-in-limbo-as-government-plans-regulation-for-ride-hailing-services" rel="noreferrer noopener">Uber&#8217;s Hong Kong Operations In Limbo As Government Plans Regulation For Ride-Hailing Services</a>
The court rejected a lawsuit from the Service Employees International Union (SEIU) and four drivers challenging the constitutionality of Proposition 22. This 2020 measure maintains drivers&#8217; contractor status while offering some benefits.
Uber said the ruling upheld &#8220;the will of the nearly 10 million Californians who voted to deliver historic benefits and protections to drivers, while protecting their independence.&#8221;
Earlier in the month, Uber introduced&nbsp;new nautical experiences designed to enhance tourists&#8217; adventures across Europe. Among these offerings is&nbsp;Uber Yacht, which will debut in Ibiza this August and provide an <a target="_blank" href="https://www.benzinga.com/news/24/07/39602700/ubers-latest-wave-launches-luxury-yacht-and-boat-rides-across-european-destinations" rel="noreferrer noopener">affordable luxury yacht experience</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39779775/uber-loses-vat-lawsuit-for-rivals-outside-london" rel="noreferrer noopener">Uber Loses VAT Lawsuit For Rivals Outside London</a>
UBER stock rose around 38% in the last twelve months. Investors can gain exposure to the stock via IShares Trust IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and Franklin Disruptive Commerce ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BUYZ#BATS">BUYZ</a>).
Price Action: UBER shares are down 0.89% at $65.16 at the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39711736/uber-vs-lyft-in-2024-which-is-gaining-momentum-with-consumers" target="_blank" rel="noreferrer noopener">Uber Vs. Lyft In 2024: Which Is Gaining Momentum With Consumers?</a></li>
</ul>

Legal

What's Going On With Uber Technologies Shares Today?

FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) shares are trading lower after the company experienced <a target="_blank" href="https://www.fedex.com/en-us/service-alerts.html?cmp=EMC-1002168-1-1-200-1111110-GLBL-US-EN-SRDISRUPT071924" rel="noreferrer noopener">disruptions </a>across its networks due to a global IT outage caused by a software vendor on Friday.
This widespread tech outage has affected multiple industries, including airlines, broadcasters, banking, and healthcare, creating substantial operational challenges.
It remains unclear if FedEx's network disruptions are linked to the outages at Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and cybersecurity firm CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), reported Reuters.
Related: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39854612/windows-pcs-crash-worldwide-with-users-experiencing-blue-screen-of-death-issue-crowdstrike-updat" rel="noreferrer noopener">Windows PCs Crash Worldwide With Users Experiencing Blue Screen Of Death Issue, CrowdStrike Confirms Defect: &#8216;Fix Has Been Deployed&#8217; (UPDATED)</a>
FedEx said it &#8220;has activated contingency plans to mitigate impacts from a global IT outage experienced by a third party software vendor. However, potential delays are possible for package deliveries with a commitment of July 19, 2024.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39579791/is-fedex-spying-on-you-civil-rights-analyst-calls-ai-surveillance-program-profoundly-disconcerting" rel="noreferrer noopener">Is FedEx Spying On You? Civil Rights Analyst Calls AI Surveillance Program &#8216;Profoundly Disconcerting&#8217;</a>
FedEx is not the only logistics company facing challenges. Peer company United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) also warned of possible delivery delays, citing contingency plans to address the issues, the report added.
Additionally, railroad operator Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) <a target="_blank" href="https://www.up.com/index.htm" rel="noreferrer noopener">reported </a>that the CrowdStrike software outage had &#8220;varying levels of impact&#8221; across its network, though backup protocols have assisted in maintaining communication with teams and dispatchers.
The global tech outage on Friday disrupted operations in various sectors, causing airlines to halt flights, broadcasters to go off-air, and impacting banking and healthcare systems.
Also See: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39853528/microsoft-cloud-outage-grounds-flights-disrupts-operations-of-frontier-allegiant-and-sun-country" rel="noreferrer noopener">Microsoft Outage Wreaks Havoc On World As 911, International Airlines, Banks And Airport Services Disrupted (UPDATED)</a>
FedEx stock has gained about 17% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>).
Price Action: FDX shares are trading lower by 0.54% at $304.95 at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com//node/39509568" target="_blank" rel="noreferrer noopener">FedEx Q4 Results &#8216;Solid,&#8217; 2025 Guidance &#8216;Appropriate,&#8217; Freight Spinoff &#8216;Tantalizing Opportunity For Investors&#8217;: 7 Analysts Size Up Results, What&#8217;s Next</a></li>
</ul>

CRWD

MSFT

Why Is Logistics Giant FedEx's Stock Trading Lower Today?

J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares are trading lower after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39803406/j-b-hunt-transport-services-inc-reports-u-s-gaap-revenues-net-earnings-and-earnings-per-share-for-" rel="noreferrer noopener">second-quarter&nbsp;2024 results</a>.
Operating revenue fell&nbsp;7%&nbsp;Y/Y to&nbsp;$2.93 billion, missing the consensus of&nbsp;$3.05 billion.
Revenue declined mainly due to a 5% drop in gross revenue per load in Intermodal (JBI), coupled with decreased load volumes: 25% in Integrated Capacity Solutions (ICS), 9% in Truckload (JBT), and 9% in Dedicated Contract Services (DCS).
Meanwhile, the Final Mile Services (FMS) segment saw a 5% revenue growth, driven by new contracts implemented over the past year, alongside a 5% increase in revenue per load in ICS.
Total operating revenue, excluding fuel surcharge revenue, decreased by around&nbsp;6%&nbsp;Y/Y in the quarter.
Operating income decreased 24% Y/Y to $205.7 million&nbsp;due to reduced revenue and increased expenses in insurance and claims, equipment, and certain personnel costs.
EPS of&nbsp;$1.32&nbsp;missed&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of&nbsp;$1.57</a>.
As of June 30, 2024, the company had cash and cash equivalents of&nbsp;about $54 million.
In the&nbsp;second quarter&nbsp;of 2024, the company repurchased shares worth&nbsp;$203 million. As of June-end, J.B. Hunt had around&nbsp;$163 million&nbsp;remaining under its share repurchase authorization.
Investors can gain exposure to the stock via&nbsp;IShares Trust IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>).
Price Action: JBHT shares are down&nbsp;3.41%&nbsp;at&nbsp;$170.00&nbsp;premarket at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

Earnings

JBHT

Why J.B. Hunt Transport Services Shares Are Falling Today

In June, a Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39553077/southwest-airlines-faces-scrutiny-over-recent-closed-runway-takeoff-report" rel="noreferrer noopener">flight took off from a closed runway</a>, prompting investigations from U.S. safety officials.
The crew overlooked a crucial notice about the runway closure, as stated in a preliminary report by the National Transportation Safety Board (NTSB), Bloomberg reports.
The incident occurred on June 25, when Flight 4805 departed from the closed runway at Portland International Jetport in Maine just before 5:45 a.m.
The crew had reviewed an electronic weather packet containing 32 notices to air missions (NOTAMs) before the flight.
While they noticed a warning about runway 29 closures on weekends, they missed a separate notice about closures on other days.
They also failed to see a message detailing procedures for all flights departing before 5:45 a.m., reported <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-15/southwest-pilots-missed-key-notice-before-closed-runway-takeoff?srnd=industries-v2&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Despite the oversight, the plane, carrying 136 passengers and crew, arrived safely in Baltimore.
However, the serious nature of the incident caught the attention of both the NTSB and the Federal Aviation Administration (FAA), which are investigating the event.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39503499/faa-issues-new-safety-directive-for-boeing-757-200-over-cracking-concerns" rel="noreferrer noopener">FAA Issues New Safety Directive For Boeing 757-200 Over Cracking Concerns</a>
The crew reported receiving information from software applications that indicated the runway was open. The first officer announced their intention to use runway 29 multiple times on the universal communication frequency.
Portland&#8217;s air traffic control tower was closed at the time of departure, so the pilots communicated with the Boston Air Route Traffic Control Center.
They received clearance and flight instructions from Boston. Before takeoff, the pilots saw a truck exit the runway and ensured it was clear before applying power.
A spokesperson for Southwest Airlines told Bloomberg, &#8220;We are addressing the matter through our safety management system and continuing to participate in the ongoing investigation.&#8221; The airline is working closely with investigators to understand how the oversight occurred and to prevent future incidents.
Southwest&nbsp;stock has lost more than 19% in the last 12 months. Investors can gain exposure to the stock via&nbsp;U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>).
Read Next:
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<li><a href="https://www.benzinga.com/news/24/06/39333229/southwest-airlines-boeing-737-max-encounters-dutch-roll-mid-flight-prompting-faa-investigation" target="_blank" rel="noreferrer noopener">Southwest Airlines Boeing 737 Max Encounters &#8216;Dutch Roll&#8217; Mid-Flight, Prompting FAA Investigation</a></li>
</ul>
Price Action: LUV shares were trading higher by 2.67% at $28.45 at the last check on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

Regulations

JETS

Southwest Pilots Failed To Review Runway Closure Notice Before Takeoff, Preliminary Investigation Report Says

Uber Technologies Inc's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) competitors in the taxi industry will not face a 20% VAT charge on their profit margins outside of London following a court ruling on Monday that overturned a previous decision.
The Court of Appeal reversed the ruling that private-hire operators enter into a contract with passengers, sparing them from the value-added tax (VAT) obligations.
The original case was initiated by Uber after a 2021 Supreme Court decision classified its drivers as workers, affecting Uber's tax obligations, Reuters reports.
Uber sought to establish that private-hire taxi operators enter into contracts with passengers, which London's High Court affirmed last year.
This decision imposed a 20% VAT on operators. However, the Court of Appeal's reversal came after challenges from Delta Taxis and Veezu, who argued against the tax imposition.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/asia/24/07/39681081/ubers-hong-kong-operations-in-limbo-as-government-plans-regulation-for-ride-hailing-services" rel="noreferrer noopener">Uber's Hong Kong Operations In Limbo As Government Plans Regulation For Ride-Hailing Services</a>
Delta's lawyer, Layla Barke-Jones from Aaron &amp; Partners, hailed the ruling as "a victory for the taxi industry and all those who depend on it."
She emphasized that avoiding the VAT imposition would protect passengers and taxi firms outside London from additional financial burdens.
An Uber spokesperson said the company would review the judgment and consider further steps. The spokesperson also highlighted the inconsistency in requirements for operators between London and the rest of England and Wales.
UBER stock has gained more than 58% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and Fidelity Electric Vehicles And Future Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FDRV#BATS">FDRV</a>).
Price Action: UBER shares are trading lower by 0.39% at $72.15 at the last check on Monday.
Read Next:
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Eurozone

Fidelity Electric Vehicles and Future Transportation ETF

FDRV

Uber Loses VAT Lawsuit For Rivals Outside London

United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) shares are <a href="https://www.benzinga.com/quote/UAL">trading higher today</a>.
The air carrier has introduced a new feature to enhance customer communication during weather delays by texting customers links to local, live radar maps, to provide travelers with <a href="https://www.benzinga.com/pressreleases/24/07/n39615502/united-now-texts-live-radar-maps-and-uses-ai-to-keep-travelers-informed-during-weather-delays">real-time information about their trips</a>. 
For the past few years, United has used dedicated teams to send near-instantaneous flight details, now enhanced with generative artificial intelligence (gen AI) tools to improve real-time updates during flight delays.
United&#8217;s latest innovation helps customers understand how weather in one part of the country can impact flights elsewhere. 
United is the first U.S. airline to provide these specific messages, utilizing gen AI tools to send them. 
&#8220;With more people traveling this summer than ever, we wanted to give our customers an easier way to stay connected to real-time information about their flight and texting was the simplest solution,&#8221; said Jason Birnbaum, United&#8217;s Chief Information Officer.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/06/39429641/united-airlines-flight-emergency-landing-adds-to-string-of-safety-incidents-report">United Airlines Flight Emergency Landing Adds To String Of Safety Incidents: Report</a>
The real-time radar maps feature allows customers to stay informed on weather-related delays, showing weather details across flight paths. 
Customers can access these maps through links in text messages or the United app under flight status updates. A
These efforts aim to improve the travel experience and provide customers with more control and information about their flights.
United anticipates its busiest Fourth of July weekend on record, with over five million passengers flying between June 28 and July 8, a 7% increase compared to last year. 
United Airlines stock has lost over 12% in the last 12 months.&nbsp;Investors can&nbsp;gain access to&nbsp;the stock via&nbsp;U.S.&nbsp;Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>).
Price Action: UAL shares are trading higher by 0.29% at $48.31 at last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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</ul>

What's Going On With United Airlines' Shares On Wednesday?

Alaska Air Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) flight attendants are poised to receive a pay increase of 32% on average as part of a new three-year <a href="https://www.benzinga.com/topic/labor">tentative labor agreement</a>.
The agreement marks a milestone by making boarding pay legally binding for unionized flight attendants.
U.S. flight attendants are typically paid hourly only after the cabin doors close, excluding boarding time, reported Reuters.
&#8220;With boarding pay, we achieve significant pay increases,&#8221; the union stated. 
The new tentative contract comes as pilots and flight attendants across U.S. airlines push for improved pay and benefits following the pandemic, which halted the industry and later led to record profits due to pent-up travel demand.
Related: <a href="https://www.benzinga.com/markets/equities/24/07/39570406/justice-department-moves-to-charge-boeing-over-fatal-crashes-report">Justice Department Moves To Charge Boeing Over Fatal Crashes: Report</a>
In February, Alaska Airlines&#8217; flight attendants authorized a strike mandate for the <a href="https://www.benzinga.com/news/24/06/39459080/alaska-airlines-and-flight-attendants-union-reach-deal">first time in three decades</a>. 
The tentative agreement, which helps avoid this potential strike, includes enhanced holiday and overtime pay and 20 months of retroactive pay.
The agreement awaits ratification by the Association of Flight Attendants (AFA) union members. Voting on the ratification of the deal will occur later this month and conclude on Aug. 14. According to the union representing the employees. 
Alaska reported first-quarter fiscal-year 2024 revenue growth of 2% year-over-year to $2.232 billion, beating the consensus of $2.19 billion. 
Alaska Air has lost more than 25% in the last 12 months. Investors can gain exposure to the stock via U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>).
Price Action: ALK shares closed lower by 0.03% at $39.73 on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: 
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</ul>

Alaska Airlines Flight Attendants Secure Pay Bump, 32% Raise Goes To Vote

Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) is <a target="_blank" href="https://www.uber.com/en-IN/newsroom/uber-yacht/" rel="noreferrer noopener">introducing </a>new nautical experiences designed to enhance tourists&#8217; adventures across Europe.
Among these offerings is Uber Yacht, debuting in Ibiza this August, providing an affordable luxury yacht experience.
Vacationers can book a private yacht for €1,600 via the Uber app, offering an exclusive day trip around Ibiza.
Starting from Ibiza Town Marina daily at 12pm, Uber Yacht can accommodate up to 8 people on a luxurious Sunseeker Yacht for an 8-hour trip.
The experience includes a personal skipper, a complimentary bottle of champagne, and artisan snacks, with transfers to and from the yacht available from anywhere on the island.
Bookings are available through Uber Reserve from July 26, with trips offered throughout August.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39545830/uber-and-lyft-agree-to-worker-benefits-settle-state-lawsuit" rel="noreferrer noopener">Uber And Lyft Agree To Worker Benefits, Settle State Lawsuit</a>
Uber&#8217;s new travel products extend beyond Ibiza. In July, a first-of-its-kind water transport service will be launched in Venice, allowing users to book a &#8216;Limo Boat&#8217; via the Uber app to navigate the Venetian Lagoon.
Priced from €120 per trip, these boats can accommodate up to 6 people and are available on-demand from 8am to 8pm.
Later in July, Uber Boat will expand in Greece from Mykonos to Athens, Corfu, and Santorini. Visitors to Paris can enjoy an Uber Cruise, a free one-hour electric boat tour along the Seine, taking in iconic sights like Notre Dame and the Eiffel Tower.
These new services cater to rising demand, with Uber noting a 55% increase in international customer usage in European hotspots last summer.
UBER stock has gained more than 63% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and Fidelity Electric Vehicles And Future Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FDRV#BATS">FDRV</a>).
Price Action: UBER shares are trading lower by 0.91% at $70.45 at last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Company
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Uber's Latest Wave: Launches Luxury Yacht And Boat Rides Across European Destinations

Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) is reportedly under investigation by the National Transportation Safety Board (NTSB) and the Federal Aviation Administration (FAA) following an incident where a <a href="https://www.benzinga.com//node/39498809">jet allegedly took off from a closed runway.</a>
The incident involved Flight 4805, which departed Portland, Maine, at 5:45 am local time on Tuesday, slated for Baltimore.
The FAA reported that the Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 737 jet took off from a temporarily closed runway, with an airport vehicle exiting the runway just before the aircraft began its takeoff, reported <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-28/southwest-flight-takeoff-from-closed-runway-probed-by-ntsb-faa?srnd=industries-v2&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
The NTSB plans to release a preliminary report within 30 days, detailing the initial findings of their investigation. The final report, which will provide comprehensive insights into the incident, is expected to take 12-24 months.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39503499/faa-issues-new-safety-directive-for-boeing-757-200-over-cracking-concerns" rel="noreferrer noopener">FAA Issues New Safety Directive For Boeing 757-200 Over Cracking Concerns</a>
The report cited a Southwest spokesperson who stated that the airline is cooperating fully with the NTSB and FAA to understand the incident&#8217;s circumstances, adding that the aircraft continued safely to its destination.
This event is one of several recent incidents involving Southwest Airlines. In May, a 737 Max operated by the airline experienced a &#8220;<a target="_blank" href="https://www.benzinga.com/news/24/06/39333229/southwest-airlines-boeing-737-max-encounters-dutch-roll-mid-flight-prompting-faa-investigation" rel="noreferrer noopener">Dutch roll,&#8221; an unusual rolling movement</a>.
This incident adds to the ongoing scrutiny of Boeing&#8217;s 737 Max aircraft. The 737 Max has been under intense regulatory scrutiny due to a <a target="_blank" href="https://www.benzinga.com/news/24/05/38726420/boeing-quality-issue-delays-alaska-airlines-converted-freighters" rel="noreferrer noopener">series of safety concerns and incidents.</a>
Additionally, a Southwest flight in April came within 400 feet of the ocean off the coast of Hawaii before the crew regained control and returned to the departure airport, the report mentioned.
Southwest stock has lost more than 19% in the last 12 months. Investors can gain exposure to the stock via U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and IShares U.S. Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYT#NYSE">IYT</a>).
Price Action: LUV shares are trading higher by 0.23% at $28.53 at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

Southwest Airlines Faces Scrutiny Over Recent Closed Runway Takeoff: Report

Alaska Air Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) flight attendants have secured a tentative agreement for a record contract with the carrier.
The union, Association of Flight Attendants (AFA), put forth the deal on Friday, marking a significant milestone for the airline&#8217;s workforce.
The agreement will undergo review by the union leadership, followed by a member ratification vote, according to a report from <a target="_blank" href="https://www.reuters.com/business/aerospace-defense/alaska-airlines-flight-attendants-reach-tentative-deal-2024-06-22/" rel="noreferrer noopener">Reuters</a>.
If approved, the new contract will establish enhanced terms and conditions for Alaska Airlines flight attendants, supporting their quality of life and career advancement.
&#8220;With our combined efforts, we&#8217;ve been able to reach an agreement that provides quality of life and continued career growth at Alaska,&#8221; the airline stated in an email.
In contrast, American Airlines Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) flight attendants are facing challenges in their contract negotiations.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/39107502/alaska-airlines-acquires-training-facility-once-owned-by-boeing-details" rel="noreferrer noopener">Alaska Airlines Acquires Training Facility Once Owned By Boeing: Details</a>
The flight attendants&#8217; union recently announced that it had not reached an agreement on a new contract and is moving closer to a strike.
Despite this, American Airlines has expressed its intention to continue negotiations to secure a beneficial contract for its flight attendants.
The tentative agreement for Alaska Airlines flight attendants comes as a positive development, reflecting the airline&#8217;s commitment to its employees&#8217; well-being and professional growth.
This deal is expected to set a precedent for future negotiations within the industry, emphasizing the importance of collaboration and mutual benefits in labor agreements.
Alaska reported first-quarter FY24 revenue growth of 2% year-over-year to $2.232 billion, beating the consensus of $2.19 billion. Adjusted EPS of $(0.92) <a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38313046/alaska-air-gets-162m-in-initial-compensation-from-boeing-for-january-incident-issues-robust-q2-outl" rel="noreferrer noopener">beat the consensus estimate of $(1.05)</a>.
Alaska Air has lost more than 17% in the last 12 months. Investors can gain exposure to the stock via U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>).
Price Action: ALK shares are trading higher by 1.75% at $41.90 at the last check on Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/news/24/06/39335955/boeing-and-airbus-under-faa-investigation-for-authenticity-of-titanium-parts-in-some-jets-report" target="_blank" rel="noreferrer noopener">Boeing And Airbus Under FAA Investigation For Authenticity Of Titanium Parts In Some Jets: Report</a>
Photo Courtesy: Robin Guess On Shutterstock.com

Alaska Airlines And Flight Attendants Union Reach Deal

A United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) flight reportedly returned to Bradley International Airport in Connecticut after losing part of an engine liner, adding to a series of mishaps this year that have placed the <a target="_blank" href="https://www.benzinga.com/news/24/05/38878486/united-airlines-set-to-expand-as-faa-lifts-safety-limits" rel="noreferrer noopener">airline under regulatory scrutiny</a>.
The Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) A320 aircraft, en route to Denver International Airport, experienced abnormal noise shortly after departure, according to a Federal Aviation Administration (FAA) statement, reported <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-20/united-airlines-plane-turns-back-after-engine-piece-falls-off?srnd=industries-transportation&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
United confirmed that a piece of a sound-dampening outer liner was found on the runway post-landing. No injuries were reported, and the FAA is investigating the cause, per the report.
United Airlines&#8217; safety procedures have been under review by the FAA following several incidents, including parts of the fuselage coming loose in flight and a<a target="_blank" href="https://www.benzinga.com/government/24/05/38741257/faa-oversight-under-scrutiny-after-united-airlines-mishaps" rel="noreferrer noopener"> wheel detaching during takeoff.</a>
The entire U.S. aviation industry has faced increased scrutiny since January, when an Alaska Air Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) <a target="_blank" href="https://www.benzinga.com/government/24/02/36965801/boeing-737-max-door-plug-that-flew-off-alaska-air-flight-missing-4-key-bolts-preliminary-ntsb-report" rel="noreferrer noopener">flight experienced a similar issue.</a>
The affected Airbus A320, which is 22 years old, shed several pieces of sheet metal during takeoff. Additional debris was found after the aircraft landed. A nearby JetBlue Airways Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) plane initially reported the debris, leading to some runway diversions.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39167512/united-airlines-hits-brakes-on-hiring-this-year-due-to-boeing-woes-report" rel="noreferrer noopener">United Airlines Hits Brakes On Hiring This Year Due To Boeing Woes: Report</a>
The United pilot declared an emergency after noticing the engine&#8217;s exhaust gas temperatures slightly exceeded normal levels, suspecting either a bird strike or a blown tire.
Despite this, the flight, carrying 124 passengers and five crew members, landed safely and taxied to the gate without further issues.
The FAA&#8217;s examination has temporarily limited United&#8217;s certification activities, impacting its growth. However, United CEO Scott Kirby has expressed support for the FAA review, viewing it as an opportunity to enhance safety measures.
United Airlines stock has lost over 7% in the last 12 months.&nbsp;Investors can&nbsp;gain access to&nbsp;the stock via&nbsp;U.S.&nbsp;Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>).
Price Action: UAL shares are trading lower by 0.12% at $48.84 in premarket at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/news/24/05/39088232/american-airlines-ceo-admits-mistake-vows-to-win-back-clients" target="_blank" rel="noreferrer noopener">American Airlines CEO Admits Mistake, Vows To Win Back Clients</a>
Photo via Shutterstock

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