Transportation

Uber shares jump on ride, delivery growth

Shares of Uber are higher on Tuesday after the ride-sharing company reported growth in gross customer bookings and deliveries in the first quarter of 2023.

Honda recalls 564,00 CR-Vs

Automaker Honda is recalling 564,00 CR-Vs in cold weather states because road salt can cause the frame to rust and rear suspension parts to come loose and fall off.

Tesla shares rise on delivery forecast

Tesla will report their latest quarterly deliveries on Sunday. Barclays Senior Autos Analyst Dan Levy expects the electric vehicle maker to exceed the 420,000-unit consensus forecast.

Uber might need to stow its freight train

Uber's freight business, CEO Dara Khosrowshahi's vision for the ride share apps future, might lack the synergies that Rides and Eats share between customers and drivers.

FedEx cutting over 10% of management roles

FedEX CEO Raj Subramaniam announced in a letter to team members the company was reducing over 10% of its executive roles to maintain efficiency during uncertain economic times.