Category: Trucking News

Boeing Max Return Has More Layers Than an Onion

(Bloomberg Opinion) -- Boeing Co.’s 737 Max may be inching toward a return, but the crisis is far from over.The airplane maker said Monday that it continues to aim for Federal Aviation Administration certification of updates to the troubled Max in the current quarter, which could allow it to start delivering the jets  in December. It could take several more weeks to finalize pilot-training requirements, which would mean airlines wouldn’t technically be allowed to fly the planes until January at the earliest. And then airlines would need more time on top of that to bring planes out of storage and implement said training. Southwest Airlines Co. and American Airlines Group Inc. said last week that they weren’t planning to fly the Max as part of their fleets until early March, nearly a full year after the second of two fatal crashes prompted a worldwide grounding of the plane.This is a shift from Boeing’s...

How Trump’s Stock Market Record Stacks Up

(Bloomberg Opinion) -- It’s been three years now since Donald Trump was elected president, which means it’s been three years of listening to Donald Trump bragging about how great the stock market is doing. Contrary to one now-infamous pre-election prediction, it has done quite well.The Dow Jones Industrial Average, Standard & Poor’s 500 Index and other market indices are of course imperfect economic indicators. They reflect investors’ beliefs about how well publicly traded corporations are doing and will do in the future, not necessarily the reality of how publicly traded corporations are doing — or of how well the rest of us are doing. The indices most cited in the media also mainly reflect the fortunes of the largest corporations; even as the Dow and S&P 500 have been setting new records lately, the small-cap Russell 2000 is down 9% from its peak in August 2018.Still, the advantage of the S&P 500 as a performance indicator...