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Rachit Vats

FedEx shares dive 10% after profit warning; analysts see worse coming

18 Dec 2019

FedEx Corp shares tumbled more than 10% on Wednesday after the company slashed its 2020 profit forecast a second time, as it revamps its business to replace slumping air shipments with lower-profit residential deliveries.

United Airlines picks industry veteran Kirby for top job

05 Dec 2019

United Airlines Holdings Inc insider Scott Kirby will succeed Oscar Munoz as chief executive officer next year as part of a transition the airline hopes will secure a growth path after some tumultuous years.

Chinese airlines turn to Asia as long-haul losses pile up

21 Nov 2019

BENGALURU/BEIJING - Chinese airlines are adding seats on short- and mid-range Asian flights in a strategic shift away from prestigious but loss-making North American routes to a market that promises better returns and growth.

RPT-ANALYSIS-Chinese airlines turn to Asia as long-haul losses pile up

20 Nov 2019

BENGALURU/BEIJING, Nov 20 - Chinese airlines are adding seats on short- and mid-range Asian flights in a strategic shift away from prestigious but loss-making North American routes to a market that promises better returns and growth.

Caterpillar cuts profit outlook as China construction sales slump

24 Oct 2019

Industrial bellwether Caterpillar Inc reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline.

Harley-Davidson beats forecasts as international sales rebound

22 Oct 2019

Harley-Davidson Inc beat expectations for profit on Tuesday and stuck to its full-year shipment forecast, allaying fears of another major hit from European import tariffs and a further slump in sales in its main U.S. market.

Behind the GM strike: Declining productivity at U.S. operations

04 Oct 2019

General Motors Co's U.S. workforce productivity has declined since the automaker recovered from a 2009 bankruptcy, even as its profit per employee has risen, a Reuters analysis shows. | Video

RPT-Behind the GM strike: Declining productivity at U.S. operations -Reuters analysis

04 Oct 2019

Oct 3 General Motors Co's U.S. workforce productivity has declined since the automaker recovered from a 2009 bankruptcy, even as its profit per employee has risen, a Reuters analysis shows.

Behind the GM strike: Declining productivity at U.S. operations - Reuters analysis

04 Oct 2019

General Motors Co's U.S. workforce productivity has declined since the automaker recovered from a 2009 bankruptcy, even as its profit per employee has risen, a Reuters analysis shows. | Video

UPS profit beats expectations as demand for next day service surges

24 Jul 2019

United Parcel Service Inc said on Wednesday a jump in demand for its Next Day Air service drove better-than-expected profit in the second quarter as large retailers rushed packages to online shoppers.

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