Transportation

FedEx Lowers Fourth-Quarter Profit Forecast Because of Surging Fuel Costs FedEx Corp., the second-largest U.S. package-shipping company, said fourth-quarter profit will miss its forecast after surging fuel prices raised costs by at least $100 million more than estimated.

Kerkorian Signals More Ford Stock Purchases Beyond 20-Million-Share Offer Billionaire investor Kirk Kerkorian said he may boost his Ford Motor Co. stake above 5.5 percent and provide cash for the automaker's revival, signaling increased confidence in Chief Executive Officer Alan Mulally.

Superior Industries Surges Most in 20 Years After Profit Beats Estimates Superior Industries International Inc., the world's second-largest maker of automotive wheels, jumped the most since 1988 after posting a first-quarter profit that beat analysts' estimates.

Delta Air, Northwest Pilots to Resume Talks on Securing Unified Contract Delta Air Lines Inc. and Northwest Airlines Corp. pilot leaders will resume talks next week on a new joint contract as the companies prepare for a merger that will create the world's largest carrier.

ACE Aviation Quarterly Loss Widens on Cargo Antitrust Probe, Currency Cost ACE Aviation Holdings Inc., the parent of Air Canada, said its first-quarter loss widened to C$182 million ($180 million) because of a charge tied to a cargo- pricing probe and foreign-exchange losses.

FedEx Directors Sued by Union Pension Fund Over U.S. Truck Drivers' Status A union pension fund sued FedEx Corp.'s directors, accusing them of exposing the package shipper to hundreds of millions of dollars in liability by supporting the misclassification of drivers as independent contractors.

Delphi Posts $589 Million Quarterly Loss as Sales to Former Parent GM Fall Delphi Corp., the bankrupt former auto-parts subsidiary of General Motors Corp. said its first- quarter loss widened to $589 million as sales to its former parent declined.

GM Union Workers at Metal-Stamping Plant in Ohio Ratify Local UAW Contract General Motors Corp. workers at an Ohio plant that produces stamped metal parts ratified their local contract, the 14th such approval at the automaker's U.S. factories.

Canadian Health Officials Quarantine Train, Investigate Passenger's Death A Canadian Via Rail train, quarantined in Northern Ontario after a woman died of an unknown illness, may resume its trip to Toronto later today, Ontario's chief medical officer said.