Cailley Lapara

Reliable Robotics Corp. secured $160 million in new funding — pushing its valuation to nearly $1 billion — as the Silicon Valley startup makes a bigger push for US regulatory approval of its automated flying technology.

United Parcel Service Inc. posted profit that exceeded Wall Street’s expectations to start the year, a sign that the courier’s ongoing network overhaul is starting to gain traction.

Adjusted earnings were $1.07 a share for the first quarter, the company said. Revenue of $21.2 billion was also narrowly ahead of expectations.

US transportation stocks plunged Monday morning after Amazon Inc. announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers.

Las acciones de transporte de EE.UU. se desplomaron el lunes por la mañana después de que Amazon Inc. anunciara una ampliación de sus servicios logísticos, que la convertirá en un competidor clave para las empresas de paquetería y carga aérea y afectará a camioneros y corredores externos.

A US safety investigator said United Parcel Service Inc. decided not to take action after 2008 and 2011 service letters from Boeing Co. flagged cracking in a key structural component in the type of plane that crashed in Louisville, Kentucky, last year.

A US safety investigator said United Parcel Service Inc. decided not to take further action after reviewing a 2011 service letter from Boeing Co. that

USPS will carry out last-mile e-commerce deliveries directly to customer homes for DHL under the agreement, the companies said in a statement May 28.

The United States Postal Service is suspending discretionary spending across the organization as it faces a looming liquidity crisis.

Shares of FedEx Corp.’s former freight division fell on Monday in their first day of trading as an independent, publicly held company.