Transportation

A glut of last-minute packages reportedly caused bottlenecks that impacted UPS' air business at its Louisville, Ky, hub on Christmas Eve.

A glut of last-minute packages reportedly caused bottlenecks that impacted UPS' air business at its Louisville, Ky, hub on Christmas Eve.

A surge in last-minute orders and bad weather in some parts of the country caused delivery problems this week for UPS and FedEx..

Textron, which makes Cessna planes, has reportedly agreed to acquire luxury plane maker Beechcraft for almost $1.4 billion. 

A major aviation group is betting that airline profits will reach records levels in 2014 as fuel prices ease and demand continues to rise.

Auto-care retailer Pep Boys saw its shares retreat 10% following weaker-than-expected quarterly revenue.

United Continental plans to significantly cut annual costs and increase revenue by 2017, hoping to at least double profits.

Boeing sees a $550 billion market opportunity in the Middle East over the next 20 years as demand for new airplanes in the region grows. 

Bain Capital is reportedly in advanced discussions with TI Automotive to acquire the auto parts maker in a deal approaching $2 billion.

With 25 million passengers expected to travel through U.S. airports Thanksgiving weekend, airlines are gearing up for the busiest travel day of the year, adding seats and tweaking ancillary fees.

Tesla's Model S electric car has suffered its third fire in six weeks, sending its shares down.

The automaker raised its annual profit forecast saying it expects 16.95 billion in net profit in the near year ending March 2014. 

U.S. safety authorities on Thursday said they will allow airlines to relax their rules on mobile device use on airborne aircraft.

Tesla and Panasonic expanded their relationship for automotive-grade battery cells as the car maker continues to boost Model S production. 

Goodyear Tire & Rubber's 3Q profit climbed 48%, and the company raised its full-year view in anticipation of continued progress in North America.

Airbus said its Boeing 737 rival, the A320, reached the 10,000-order milestone recently thanks to a new deal with U.S. discount carrier JetBlue.

United posted a bigger quarterly profit but said it was disappointed by the performance. 

Boeing's profit jumped 12% in the third quarter, as the aerospace giant’s commercial aircraft unit outweighed softness at its defense business.

Delta Air Lines reported higher quarterly results as it benefited from strength in the Atlanta, New York and London markets.

The website for Delta Air Lines, Delta.com, was experiencing an outage on Thursday afternoon, preventing some users from accessing the site for at least an hour.