Tausi Insider

Freight cars wait to be hauled out of the Norfolk Southern Conway Terminal, in Conway, Pa., on Sept. 15. Gene J. Puskar/The Associated Press More than 400 groups on Monday called on Congress to intervene in an ongoing railroad labor standoff that threatens to idle shipments of food and fuel and strand rail travelers while inflicting billions of dollars of economic damage. The U.S. Chamber of Commerce, National Association of Manufacturers, National Retail Federation, American Petroleum Institute, National Restaurant Association, American Trucking Associations, American Farm Bureau Federation and other groups warned impacts of a potential strike could be felt as soon as Dec. 5. Workers in four unions have rejected a tentative contract deal announced in September, while eight approved it. “The risks to our nation’s economy and communities simply make a national rail strike unacceptable,” says the letter to congressional leaders seen by Reuters. “Therefore, absent a voluntary agreement,...

American said it plans to drop service between New York’s LaGuardia Airport and Atlanta in May, when JetBlue adds that route. Chris O'Meara/The Associated Press American Airlines AAL-Q and JetBlue Airways JBLU-Q are pushing ahead with an expansion of their partnership in the Northeast, even as a federal judge considers the government’s attempt to kill the deal. The airlines said Friday that American will add six new routes from New York City while dropping one. JetBlue will start several new routes from New York and Boston. Some will operate only during summer, and most will be limited to one or two flights a day. American said it plans to drop service between New York’s LaGuardia Airport and Atlanta in May, when JetBlue adds that route. Delta Air Lines DAL-N, Southwest Airlines LUV-N and Frontier Airlines FL-X also fly the route. American said that on May 5 it will add flights between LaGuardia and Buffalo, New York, Greenville, South Carolina, and four other cities. The airline...

American Airlines planes sit on the tarmac at LaGuardia airport, in New York, on Jan. 11. ED JONES/AFP/Getty Images American Airlines Group Inc AAL-Q on Thursday forecast a higher fourth-quarter profit on strong demand for travel during the key holiday season, sending its shares up more than 5 per cent in premarket trading. The upbeat forecast comes at a time when a worsening economic outlook coupled with high inflation has sparked concerns about consumer demand. Shares of other airlines including Delta Air Lines Inc DAL-N, Southwest Airlines Co LUV-N and United Airlines Holdings Inc UAL-Q were also up between 1 per cent and 3 per cent premarket. The fourth quarter was difficult for several U.S. carriers as an industry-wide pilot shortage made it tougher for carriers to ramp up capacity and capitalize on a booming travel demand. During the fourth quarter, American Airlines’ capacity was down 6.1 per cent versus the fourth quarter of 2019, and near the midpoint of its prior guidance o...