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Watch: JetSuite Bringing Electric Planes to Its Fleet by 2022

Zunum Aero announced that JetSuite will be its inaugural customer for a new hybrid-electric aircraft. It’s estimated that the delivery date will be sometime in 2022. Without disclosing financial arrangements, the announcement says JetSuite could potentially commit to purchase up to 100 planes. The aircraft will be built of composite materials with two engines mounted…

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Watch: JetSuite Bringing Electric Planes to Its Fleet by 2022

Zunum Aero announced that JetSuite will be its inaugural customer for a new hybrid-electric aircraft. It’s estimated that the delivery date will be sometime in 2022. Without disclosing financial arrangements, the announcement says JetSuite could potentially commit to purchase up to 100 planes.

The aircraft will be built of composite materials with two engines mounted just in front of the distinctive V-tail which will be powered by “Tesla-style” electric propulsion packs. The plane will have a range of about 700 miles and seat about 12 passengers. Aero will cost around $250 per flight hour to operate compared to $600–1,000 per flight hour in operations costs.

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UPS and PayPal both raise guidance on the same day, validating multi-year restructuring bets

UPS and PayPal both raise guidance on the same day, validating multi-year restructuring bets

UPS and PayPal have both increased their financial outlooks, with UPS lifting its 2026 revenue projection to $91.2 billion. The adjustments reflect successful outcomes from multi-year restructuring efforts. Both companies attribute their improved forecasts to efficient restructuring strategies.

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  • 01Canadian National Railway raised its 2026 volume outlook amid stronger freight demand.
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Freight demand is recovering, but rising oil prices and new tariffs are already pressuring the rebound

Freight demand is recovering, but rising oil prices and new tariffs are already pressuring the rebound

Freight demand is showing signs of recovery as rail carriers report strong Q2 results. However, the logistics sector faces challenges from rising oil prices and changes in Section 301 tariffs. These factors are creating cost pressures that could impact the progress of freight demand rebound.

  • 01Freight demand is recovering with stronger Q2 results from rail carriers.
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