A FedEx plane lands at Shanghai Pudong International Airport in Shanghai on April 27, 2023. Vcg | Visual China Group | Getty Images FedEx shares tumbled 8% in after-hours trading Tuesday after the package delivery giant lowered its revenue forecast as weaker demand hit sales. The company said it expects a low-single-digit decline in revenue … Read more
New Jersey Gov. Phil Murphy on Tuesday predicted that President Joe Biden will get a much-needed boost in the polls as the economy continues to improve. “I believe it’s only a matter of time until he does get that credit,” Murphy said of Biden on CNBC’s “Power Lunch.” But pollsters contacted by CNBC are not … Read more
Southwest Airlines ranked as the second best domestic airline, according to Bounce’s 2023 Airline Index. Aaronp/bauer-griffin | Gc Images | Getty Images Southwest Airlines and its pilots’ union have reached a new preliminary labor agreement, ending months of tense negotiations and becoming the last of the largest U.S. airlines to strike a deal that is … Read more
Loaded containers stacked on top of a cargo ship sailing in a canal on Janvier 20, 2017 in Suez Canal, Red sea, Egypt. Camille Delbos | Corbis News | Getty Images So far, shippers have diverted about more than $30 billion worth of cargo away from the Red Sea as they face the threat of … Read more
Modern aircraft, comfortable seats and unflappably pleasant flight attendants. These are factors many rankings consider in determining the world’s best airlines. But they overlook a crucial element, according to the passenger rights company AirHelp — how airlines treat customers when problems occur. “We believe that an airline should be assessed not just by how they … Read more
Click. Click. Gift. After a two-year slump below its pandemic high, online shopping made a comeback this holiday season. The CNBC All-America Economic Survey finds 57% of Americans naming online shopping as their top one or two destinations for Christmas gifts. In 2006, online shopping accounted for just 18% of responses. It hit an all-time … Read more
It’s been a stellar year for the travel industry, according to Morning Consult. The market research company, in a new report entitled “2023 Holiday Travel Trends,” summarized the year by stating: “leisure volume soared, airplanes were packed, and hotel bookings were high.” But heading into the year-end peak travel season, consumers are showing increased price … Read more
