Latest news with #transportation
Yahoo
5 hours ago
- Business
- Yahoo
Prolific cybercrime gang now targeting airlines and the transportation sector
Cybersecurity firms are warning that the prolific hacking group known as Scattered Spider is now targeting airlines and the transportation sector. Executives from Google's cybersecurity unit Mandiant and Palo Alto Networks' security research division Unit 42 say they have observed cyberattacks targeting the aviation industry resembling Scattered Spider. Scattered Spider is a collective of mostly English-speaking hackers, typically teenagers and young adults, who are financially motivated to steal and extort sensitive data from company networks. The hackers are also known for their deception tactics, which often rely on social engineering, phishing, and sometimes threats of violence toward company help desks and call centers to gain access to their networks. The warning comes as at least two airlines have reported intrusions this month. Hawaiian Airlines said late Thursday that it was working to secure its systems following a cyberattack. Canada's second largest airline, WestJet, reported a cyberattack on June 13 that remains ongoing and unresolved. Media reports have linked the WestJet incident to Scattered Spider. This fresh wave of Scattered Spider attacks comes soon after the cybercriminal gang targeted the U.K. retail sector and the insurance industry. The hackers have previously broken into hotel chains, casinos, and technology giants.
Yahoo
5 hours ago
- Business
- Yahoo
1 Industrial Stock Down 45% to Buy Right Now
Written by Jitendra Parashar at The Motley Fool Canada Sometimes, the market simply overreacts. That's especially common in cyclical sectors like industrials, where earnings can fluctuate based on macro trends. And that's exactly the kind of situation TFI International (TSX:TFII) seems to be in right now. The stock currently trades 45% below its 52-week high at $120.87 per share with a market cap of $10.1 billion. At this market price, it offers a 2% annualized dividend yield. While it's true the past year hasn't been easy for the Saint-Laurent-based transportation and logistics firm, its long-term fundamental outlook remains intact, which could help it rebound. In this article, I'll explain why this industrial stock might be one of the better recovery bets available right now and why long-term investors may want to consider it today. TFI is one of North America's largest transportation and logistics firms, operating across Canada, the U.S., and Mexico. It manages over 100 subsidiaries, which offer services in less-than-truckload (LTL), truckload, and logistics segments. It's worth noting that the broader freight and logistics industry has been under pressure in recent quarters due to weaker demand across markets. But the good part is, the recent pullback in TFI stock has little to do with the company's long-term fundamentals. In the first quarter, the company's revenue rose 5% YoY (year-over-year) to US$2 billion with the help of new business acquisitions. However, its adjusted quarterly net profit fell sharply to US$64.2 million. This decline came mostly from volume softness in end markets, which also weighed on TFI's profitability in its LTL and logistics segments. Interestingly though, its truckload segment was a bright spot. Thanks to TFI's recent Daseke acquisition, the segment's revenue jumped 61% YoY, and operating profit rose 18%. Also, the company managed to increase free cash flow by 40% from a year ago to US$191.7 million, a positive sign that it's still efficient at turning operations into cash even in a slow patch. While the logistics industry has faced challenges in recent years, TFI has been actively preparing for the next growth phase. And that's what makes it a top industrial stock to buy right now. During the first quarter, it returned US$94.4 million to shareholders, with US$38.2 million paid as dividends and another US$56.2 million used for share buybacks. The company also hiked its quarterly dividend by 13% over last year's payout. Moves like these reflect confidence in its future cash flow, even while the freight market goes through a rough patch. TFI is also balancing its cost discipline with smart growth. For example, the company has increased its focus on operating efficiencies and making targeted acquisitions that could improve its scale. Just after the first quarter ended, it acquired two more businesses, Basin Transportation and Veilleux Transit, which are expected to strengthen its truckload segment. And with access to nearly US$1 billion in revolving credit, TFI has enough room to act quickly when opportunities pop up. Overall, this industrial stock may be down, but its long-term strategy is solid. For investors hunting for a value stock in industrials, it's definitely worth considering at current levels. The post 1 Industrial Stock Down 45% to Buy Right Now appeared first on The Motley Fool Canada. Before you buy stock in Tfi International, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Tfi International wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends TFI International. The Motley Fool has a disclosure policy. 2025
Yahoo
5 hours ago
- Politics
- Yahoo
Dayton schools could end high school transportation over contested provision in Ohio's budget
Jun. 27—Dayton Public Schools may opt to no longer provide any transportation options for district high school students if a locally backed provision in the state's recently passed budget becomes law. The provision in question singles out DPS and blocks its students from transferring bus lines at the Greater Dayton RTA's downtown bus hub. Dayton Public Schools Board of Education member Jocelyn Rhynard told this outlet that the law would likely render the district's current bussing solution for high school students unworkable. "We don't put them on yellow buses now, we don't have the fleet or the drivers. What we've been doing for the past couple years is buying the monthly bus passes for them," Rhynard said. "But if they cannot go through the RTA hub, then buying them the bus passes would be pointless. So, we would have to tell our students that they would be on their own because of the decisions made at the Statehouse." Other options are still on the table, Rhynard said. DPS could expand its yellow bus fleet (the district estimates needing about 70 additional buses and 70 additional drivers). A satellite RTA transfer hub for students is also a theoretical option. But, Rhynard said the law, which would go into effect for the coming school year, offers the district little time to come up with a solution. "We possibly will not be doing high school transportation for Dayton students or nonpublic students," Rhynard said. "We haven't had the meeting to discuss that, there's a lot we have to finalize and figure out, but at this point the Statehouse might have made the decision for us." The provision is backed by local Rep. Phil Plummer, R-Butler Twp., who has been supported in his attempts to distance high school students from the downtown hub by Dayton Mayor Jeffrey Mims, a Democrat, and the Dayton chapter of the NAACP. The issue became an even greater priority following the April killing of Alfred Hale III, an 18-year-old Dunbar High School student who was shot near the downtown RTA hub on his way to school. "They could do this. I don't want to hear their excuses," Plummer, a former Montgomery County sheriff, told this outlet. "Here's the main thing: We had a kid killed down there. It's a terrible environment. I would not want my 13-year-old daughter standing down there waiting to transfer buses in that climate. "You know, you have drug dealing going on down there, you've got gangs down there, you've got homeless, mental health people down there. It's not a place for a 13-year-old kid." Plummer admits that his provision doesn't offer the district much time to adjust. He wanted to provide a one-year runway, but that version of his amendment wasn't the one that made its way into the state budget. The provision, like all of the state budget, is still subject to review from Ohio Gov. Mike DeWine, who wields line-item veto power and is expected to sign the budget early next week. School transportation is made more complicated by an Ohio law that saddles public districts with the responsibility of transporting both public and non-public students up through eighth grade, which has caused headaches particularly in districts like DPS — large, urban, open-enrollment districts with charter schools and private schools aplenty. Districts have more leeway for high school students, but they must offer the same transportation solutions to public and non-public high schoolers alike. "The biggest issue here, that it seems like nobody in the Statehouse is willing to acknowledge, is that we are able to transport all of our students, K-12, on yellow buses if we did not have to transport non-public students," Rhynard told this outlet. "If we did not have the mandate, we would be able to do the transportation in house for all of our Dayton Public students. But because we have to transport all of the nonpublic students, we can only transport through eighth grade." Rhynard said lawmakers were looking at the wrong solutions with this provision. "If our legislators in the Statehouse actually wanted to solve this transportation issue, they would get rid of the mandate that we transport non public students," she said. "There's no reason why we should be doing transportation for students who do not attend Dayton public schools." To this outlet, Plummer said that the transportation requirements hoisted upon public schools "need revisited." He said the current law made more sense before the rise of charter and private schools, noting that about half of the students DPS transport on their yellow buses are non-public students. "It is an antiquated system that needs changed. But, they need to ask themselves why 50% of our kids go to other schools," Plummer said. "Maybe start there." ------ For more stories like this, sign up for our Ohio Politics newsletter. It's free, curated, and delivered straight to your inbox every Thursday evening. Avery Kreemer can be reached at 614-981-1422, on X, via email, or you can drop him a comment/tip with the survey below.
Yahoo
6 hours ago
- Business
- Yahoo
Oregon Legislature pivots to 3-cent gas tax increase instead of $11.7 billion transportation package
Oregon Department of Transportation workers fill a pothole on U.S. Highway 97 near Chemult in 2016 (Oregon Department of Transportation/Flickr) This is a developing story and will be updated Oregon Democrats appear to have pulled the plug on a transportation package more than a year in the making, unable to find the votes for a series of tax increases as the legislative session draws to an end. Instead, House Speaker Julie Fahey, D-Eugene, is pushing a 3-cent increase to the state's 40-cent gas tax and increases to vehicle and title fees. An estimate for how much it would raise hasn't yet been released, but it's sure to be a far cry from the $11.7 billion lawmakers aimed to raise over 10 years in their earlier bill. Gov Tina Kotek plans to testify in favor of the new plan, her staff confirmed. It's a blow to a legislative effort months in the making. Lawmakers traveled the state last summer, seeking public input on plans to overhaul the state's transportation funding system. Fahey's 20-page amendment, attached to House Bill 3402, was scheduled for a hearing in the House Rules Committee at 3:45 p.m. and is expected to be sent to the Joint Transportation Reinvestment Committee from there. It would change a previously innocuous bill requiring the Department of Transportation to study speed bumps into a last-ditch attempt to raise some money for Oregon's crumbling roads and bridges The new bill includes accountability measures, such as requiring regular audits of the transportation department and shifting responsibility to hire and fire the department's director from the Oregon Transportation Commission to the governor. It would raise the gas tax from 40 cents to 43 cents, hike vehicle registration fees from $43 to $64 and increase vehicle title fees from $77 to $168. Gone are increases to the transit payroll tax, which would have gradually tripled from 0.1% to 0.3% under prior versions of the measure. A proposal to mandate electric vehicle users pay a per-mile fee also didn't make the final bill. Without the payroll tax increase, officials at Portland's public transit agency TriMet said they'd have to cut 27% of their bus service, eliminating 45 of 79 bus lines. The tax increase would have cost an Oregonian making the state's median annual income about $10 per month, according to TriMet's analysis. The measure aims to fill an immediate funding gap of $1 billion per year that the Oregon Department of Transportation faces. All tax increases in that bill are intended for the state transportation department, worrying cities and counties. In a statement Friday, Portland Mayor Keith Wilson said the bill would put Portland's street system at risk. 'It jeopardizes dozens of essential city infrastructure jobs and our ability to perform basic safety functions like filling potholes and implementing traffic safety improvements,' Wilson said. 'We can't afford a patchwork solution. Legislators, please don't leave Salem without addressing crumbling city transportation systems.' The long-awaited transportation package faced headwinds in recent days, as Republicans and moderate Democrats lined up against it. Rep. Kevin Mannix, R-Salem, was the only Republican to publicly support the larger measure, saying it wasn't perfect but was better than nothing, while Sen. Mark Meek, D-Gladstone, doubled down on his objection to it. 'From the correspondence I've received from around the state of Oregon and my community both in letters, emails, phone calls, social media posts, I'm doing the right thing for Oregonians,' he said on the Senate floor Friday morning. Reporters Alex Baumhardt and Shaanth Nanguneri contributed to this article.
TechCrunch
11 hours ago
- Business
- TechCrunch
Prolific cybercrime gang now targeting airlines and the transportation sector
Cybersecurity firms are warning that the prolific hacking group known as Scattered Spider is now targeting airlines and the transportation sector. Executives from Google's cybersecurity unit Mandiant and Palo Alto Networks' security research division Unit 42 say they have observed cyberattacks targeting the aviation industry resembling Scattered Spider. Scattered Spider is a collective of mostly English-speaking hackers, typically teenagers and young adults, who are financially motivated to steal and extort sensitive data from company networks. The hackers are also known for their deception tactics, which often rely on social engineering, phishing, and sometimes threats of violence toward company help desks and call centers to gain access to their networks. The warning comes as at least two airlines have reported intrusions this month. Hawaiian Airlines said late Thursday that it was working to secure its systems following a cyberattack. Canada's second largest airline, WestJet, reported a cyberattack on June 13 that remains ongoing and unresolved. Media reports have linked the WestJet incident to Scattered Spider. This fresh wave of Scattered Spider attacks comes soon after the cybercriminal gang targeted the U.K. retail sector and the insurance industry. The hackers have previously broken into hotel chains, casinos, and technology giants.
