Transportation

Fisker sues XL over hybrid cars wrecked by Superstorm Sandy

Fisker Automotive has sued XL Group Plc after being denied insurance coverage over flooding from Superstorm Sandy that destroyed 338 of its Karma plug-in hybrids, worth about $33 million, at a Port Newark, New Jersey, shipping facility.

FedEx Profit Misses Despite Shipment Growth

The package delivery company reported a second-quarter profit that fell short of expectations, even as the start of holiday shopping helped boost package volumes.

Uber Now Costs Less Than a Taxi in NYC

If you’re looking to get around town in New York City, Uber is now less expensive than a yellow cab. The car service app has lowered its prices by 20% to compete with taxis.

UPS to Charge By Package Size

UPS will set rates for all U.S. ground shipments based on package size, following a similar move by rival shipper FedEx.

Travelport Worldwide Files for IPO

Airline ticketing company Travelport Worldwide Ltd, owned by private equity firm Blackstone Group LP , filed with U.S. regulators on Wednesday for an initial public offering in the United States.