Transportation

Package delivery company FedEx reported a higher quarterly net profit, but missed Wall Street estimates as weak global economic conditions and the strong U.S. dollar weighed on results.

Analysts on Wednesday gave the thumbs up to the replacement of United Continental Holdings Inc Chief Executive Officer Jeff Smisek, who stepped down due to a federal probe of the U.S. airline, and the company's shares were flat.

No. 3 U.S. railroad CSX Corp said on Tuesday its third-quarter net profit fell slightly, mainly on slumping coal freight volumes, and that "significant coal headwinds" will continue into 2016.

Amtrak has told U.S. lawmakers that it will suspend service on its national network in mid-December unless Congress extends a Dec. 31 deadline for implementing advanced safety technology.

An Amtrak passenger train hit debris from a rockslide and derailed in central Vermont on Monday, sending at least seven people to the hospital, officials said on Monday.

The U.S. Coast Guard continued an intensive search-and-rescue operation for a cargo ship with 33 crew members that went missing during Hurricane Joaquin.

The U.S. Department of Justice is pursuing a criminal investigation of a May 2014 data breach at Uber, including an examination of whether competitor Lyft was involved.

United Technologies Corp raised the lower end of its full-year adjusted earnings forecast and announced a $1.5 billion restructuring plan aimed at reducing costs, mainly through factory consolidation.

Ride-hailing company Lyft Inc, Uber Technologies Inc's biggest competitor in the United States, is looking to raise up to $1 billion in a Series F funding round, according to filing provided by VC experts.

United Airlines on Wednesday said it will offer free snacks on all flights starting February 2016, a departure for an industry that has moved toward charging for extra services.

Travel stocks retreated on Tuesday after the State Department advised Americans of possible terrorist threats across the globe.