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| Here is your Transportation briefing: - 🛄 American Airlines has raised its checked bag fees for the first time in over five years.
- 🛍️ Ford announced it is slashing prices of its all-electric 2023 Mustang Mach-E.
- 🚗 Uber quietly tested a feature in India called "Store Pickup."
Thanks for reading! Robel
p/Robel-Kelkile | |
| 1 | | American Airlines has raised its checked bag fees for the first time in over five years, now charging $35 for the first checked bag on domestic flights booked online in advance and $40 at the airport, up from $30. Additionally, the airline will limit which travel agency bookings are eligible to earn frequent flyer miles. More: - Second checked bag fees for domestic flights increased to $45, up from $40, regardless of advance purchase or airport purchase.
- The new fees are effective as of Feb. 20. Flights booked on Feb. 19 or before are subject to the old fees.
- American Airlines attributes the fee increase to higher transportation costs, particularly fuel expenses.
- Other airlines, such as Alaska Airlines and JetBlue Airways, have also recently raised their checked bag fees to cover increased costs and improve profitability.
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| 2 | | Shares of Intuitive Machines surged for the third day in a row, surpassing their post-SPAC debut price. The stock, which traded as low as $2 a share last month, soared as much as 65% on Tuesday to an intraday high of $12.05, closing the day up 50% at $10.99 per share. More: - Since the launch of its inaugural moon mission last week, the company's share price has more than doubled.
- The successful firing of the lander's engine marked a significant milestone as part of Intuitive Machines' mission, known as IM-1, which aims to deliver payloads to the moon.
- The IM-1 lander, carrying 12 government and commercial payloads, is set to make a moon landing attempt at 5:49 p.m. ET on Thursday.
- Intuitive Machines' mission is the second under NASA's Commercial Lunar Payload Services initiative, supporting the agency's Artemis crew program.
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| 3 | | The union representing nearly 9,300 workers at Canada's major rail operators warned of a potential strike after negotiations over working conditions and wage increases reached an impasse. Canadian National Railway Co. (CN) and Canadian Pacific Kansas City (CPKC) filed notices of dispute, setting the stage for possible strikes or lockouts in early May. More: - The Teamsters Canada Rail Conference (TCRC) highlighted the importance of safety-critical rest provisions in collective agreements to combat crew fatigue and ensure public safety.
- The notice of dispute filed by CN and CPKC initiates a countdown towards a possible strike or lockout in 81 days.
- Collective bargaining agreements between TCRC workers and the two railroads expired on Dec. 31, adding urgency to the negotiations.
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| 4 | | Michael Joyce, who owns an electric bike dealership in St. Petersburg, Florida, has purchased all available Cake Makka and Ösa motorbikes, along with accessories and spare parts, with hopes of keeping the Swedish brand alive despite its recent bankruptcy filing. Partnering with Detroit-based startup Bloom, Joyce plans to warehouse the inventory and distribute the motorbikes across the country, adapting to challenges in the electric vehicle industry. More: - He didn't buy any of Cake's Kalk motorcycles because they've been recalled due to a risk of battery fires.
- Despite Cake's bankruptcy, Joyce remains confident in his ability to sell the acquired inventory, having honed his sales and marketing strategy over the past year.
- Joyce's decision to take Cake's products on consignment, allowing potential customers to interact more with the bikes, significantly boosted monthly sales into double digits.
- Collaboration with Bloom not only addresses immediate logistical challenges but also signifies an innovative approach to sustaining businesses in the electric mobility sector.
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| 5 | | Ford announced it is slashing prices of its all-electric 2023 Mustang Mach-E by up to $8,100 to clear inventory and compete with Tesla's increasingly affordable EVs. The move follows a shift in the consumer base from early adopters to the early majority, who are less willing to pay a premium for electric vehicles. More: - The price reductions aim to boost sales of the Mustang Mach-E after it lost eligibility for a $3,750 tax credit and experienced a 51% decline in sales in January YoY.
- The cuts, applicable only to model year 2023 Mach-E vehicles, range from $3,100 to $8,100, accompanied by deals from Ford Credit, including 0% financing for 72 months for qualified buyers and a $7,500 cash incentive for lessees.
- Tesla's pricing adjustments, especially for its Model 3 and Model Y vehicles, have played a significant role in shaping consumer expectations and influencing the competitive landscape within the EV market.
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| 6 | | Uber is quietly testing a feature in India called "Store Pickup," enabling gig workers to collect prepaid items from local stores and deliver them to customers. The Store Pickup feature, available in Delhi-NCR, allows customers to order pickups and deliveries via the Uber app. More: - Despite competition from Indian platforms like Dunzo and Swiggy, Uber's move suggests a strategic opportunity to tap into the local delivery market in India, enhancing its app's integration into users' daily lives.
- However, Store Pickup has limitations, such as weight and value restrictions on items, prohibiting delivery of certain items like alcohol, medication, and firearms.
- Customers are required to provide detailed pickup instructions, including shop name and address, and can upload proof of purchase and order confirmation numbers to assist drivers.
- Uber's Store Pickup complements its existing Connect feature for package delivery, emphasizing its focus on facilitating deliveries from local stores rather than general package deliveries.
Note: Inside.com Founder and CEO Jason Calacanis is an investor in Uber. | | | |
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 | Writer | | Born and raised in the Bay Area, Robel Kelkile is passionate about all things tech, venture, and financial education. He has previously served both universities and state governments in their engagement strategy and tracking legislation. | | This newsletter was edited by Aaron Crutchfield | |
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