What is Air France-KLM's Weakest Link?
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Air France-KLM Eyes Majority Control of SAS in Nordic Power Play
We're Not Becoming 'Air France-KLM Lite,' SAS CEO Tells Skift
IAG Drops Plans to Acquire Air Europa
What am I looking at? The performance of cruise and tours sector stocks within the ST200. The index includes companies publicly traded across global markets including network carriers, low-cost carriers, and other related companies.
The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more airlines sector financial performance.
Read the full methodology behind the Skift Travel 200.
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Yahoo
17 minutes ago
- Yahoo
Opposing strategies put brokerages on top
The recent earnings reports from C.H. Robinson and RXO provide a unique look into how two prominent players in the freight brokerage industry are navigating a challenging market. While both companies have faced similar market conditions, each has adopted unique strategies that reflect different priorities and approaches to maintaining profitability and growth. C.H. Robinson reported a boost in profitability despite a drop in total revenue, attributed to the divestiture of its European Surface Transportation business. Their adjusted operating margin saw a notable increase, rising to 31.1%, a significant leap from earlier periods. Additionally, productivity gains have been significant at C.H. Robinson, as evidenced by an 11.2% reduction in headcount while maintaining a steady revenue stream. C.H. Robinson remains focused on increasing efficiency and effectiveness through a leaner workforce and the implementation of advanced technologies, such as agentic AI. On the other hand, RXO has embraced a growth-oriented strategy, particularly evident in its Less-Than-Truckload (LTL) operations. While their revenue experienced a noteworthy increase compared to the previous year, RXO's gross margins declined slightly from 19% to 17.8%. Despite the compression in margins, RXO's decision to invest heavily in its LTL segment has paid off, with volume growth soaring by 45% year over year. This strategic focus on LTL is seen as a key driver for their future profitability due to its stable EBITDA contributions across market cycles. RXO has successfully leveraged technology to improve productivity and reduce costs, aligning with its overarching strategy to scale profitably. When directly comparing the performance of the two companies, each showcases distinct strengths in particular areas. C.H. Robinson has excelled in maintaining profitability by reducing personnel costs and maintaining a sharp focus on technology to navigate the freight market. On the other hand, RXO's strategy has been characterized by aggressive growth in specific segments and has shown an ability to adapt rapidly to new market opportunities, as seen in their expanding LTL business. Both companies have emphasized the role of technology in gaining a competitive edge, yet their implementations differ. C.H. Robinson continues to capitalize on its tech stack to differentiate itself in the marketplace. By doing so, it manages to weather market fluctuations while enhancing productivity internally and externally. Meanwhile, RXO pursues technological integration through acquisitions, such as the merger with Coyote Logistics, to streamline operations and gain efficiency, which has enabled them to improve brokerage margins incrementally despite a tough market. The opposite approaches offer lessons in resilience during uncertain economic times. C.H. Robinson's focus on internal productivity and efficiency contrasts with RXO's strategy of expansion and technological integration for scaling operations. Both paths have yielded tangible benefits, but the overall success will depend largely on how these strategies align with future market conditions. Leadership perspectives have become the North Star for each company's future guidance. At C.H. Robinson, CEO Dave Bozeman has been leading through a phase of consolidation, emphasizing a disciplined reduction in headcount without compromising operational capabilities. This positions C.H. Robinson to potentially capitalize quickly on any market upturn. RXO's Drew Wilkerson, on the other hand, is navigating the company through a period of expansion, particularly in sectors like LTL that he believes could offer sustained growth and less volatility compared to traditional freight segments. Both companies are giants in the 3PL and freight broker industry. They represent a broader picture of what others in the space are dealing with, just without the over $1 billion in revenue on a balance sheet. Q2 earnings season has continually shown that those getting creative with solving problems, adopting new technology, and focusing on efficiency remain at the head of the pack. The post Opposing strategies put brokerages on top appeared first on FreightWaves. Sign in to access your portfolio
Gizmodo
19 minutes ago
- Gizmodo
The End of Bullshit AI
In every conversation about AI, you hear the same refrains: 'Yeah, but it's amazing,' quickly followed by, 'but it makes stuff up,' and 'you can't really trust it.' Even among the most dedicated AI enthusiasts, these complaints are legion. During my recent trip to Greece, a friend who uses ChatGPT to help her draft public contracts put it perfectly. 'I like it, but it never says 'I don't know.' It just makes you think it knows,' she told me. I asked her if the problem might be her prompts. 'No,' she replied firmly. 'It doesn't know how to say 'I don't know.' It just invents an answer for you.' She shook her head, frustrated that she was paying for a subscription that wasn't delivering on its fundamental promise. For her, the chatbot was the one getting it wrong every time, proof that it couldn't be trusted. It seems OpenAI has been listening to my friend and millions of other users. The company, led by Sam Altman, has just launched its brand-new model, GPT-5, and while it's a significant improvement over its predecessor, its most important new feature might just be humility. As expected, OpenAI's blog post heaps praise on its new creation: 'Our smartest, fastest, most useful model yet, with built-in thinking that puts expert-level intelligence in everyone's hands.' And yes, GPT-5 is breaking new performance records in math, coding, writing, and health. But what's truly noteworthy is that GPT-5 is being presented as humble. This is perhaps the most critical upgrade of all. It has finally learned to say the three words that most AIs—and many humans—struggle with: 'I don't know.' For an artificial intelligence often sold on its god-like intellect, admitting ignorance is a profound lesson in humility. GPT-5 'more honestly communicates its actions and capabilities to the user, especially for tasks that are impossible, underspecified, or missing key tools,' OpenAI claims, acknowledging that past versions of ChatGPT 'may learn to lie about successfully completing a task or be overly confident about an uncertain answer.' By making its AI humble, OpenAI has just fundamentally changed how we interact with it. The company claims GPT-5 has been trained to be more honest, less likely to agree with you just to be pleasant, and far more cautious about bluffing its way through a complex problem. This makes it the first consumer AI explicitly designed to reject bullshit, especially its own. Earlier this year, many ChatGPT users noticed the AI had become strangely sycophantic. No matter what you asked, GPT-4 would shower you with flattery, emojis, and enthusiastic approval. It was less of a tool and more of a life coach, an agreeable lapdog programmed for positivity. That ends with GPT-5. OpenAI says the model was specifically trained to avoid this people-pleasing behavior. To do this, engineers trained it on what to avoid, essentially teaching it not to be a sycophant. In their tests, these overly flattering responses dropped from 14.5% of the time to less than 6%. The result? GPT-5 is more direct, sometimes even cold. But OpenAI insists that in doing so, its model is more often correct. 'Overall, GPT‑5 is less effusively agreeable, uses fewer unnecessary emojis, and is more subtle and thoughtful in follow‑ups compared to GPT‑4o,' OpenAI claims. 'It should feel less like 'talking to AI' and more like chatting with a helpful friend with PhD‑level intelligence.' Hailing what he calls 'another milestone in the AI race,' Alon Yamin, co-founder and CEO of the AI content verification company Copyleaks, believes a humbler GPT-5 is good 'for society's relationship with truth, creativity, and trust.' 'We're entering an era where distinguishing fact from fabrication, authorship from automation, will be both harder and more essential than ever,' Yamin said in a statement. 'This moment demands not just technological advancement, but the continued evolution of thoughtful, transparent safeguards around how AI is used.' OpenAI says GPT-5 is significantly less likely to 'hallucinate' or lie with confidence. On web search-enabled prompts, the company says GPT-5's responses are 45% less likely to contain a factual error than GPT-4o. When using its advanced 'thinking' mode, that number jumps to an 80% reduction in factual errors. Crucially, GPT-5 now avoids inventing answers to impossible questions, something previous models did with unnerving confidence. It knows when to stop. It knows its limits. My Greek friend who drafts public contracts will surely be pleased. Others, however, may find themselves frustrated by an AI that no longer just tells them what they want to hear. But it is precisely this honesty that could finally make it a tool we can begin to trust, especially in sensitive fields like health, law, and science.
Bloomberg
20 minutes ago
- Bloomberg
This AI Startup Went From $350 Million Valuation to a $2.3 Billion in Four Months
The venture capital firm Accel is leading a funding round for the German artificial intelligence startup n8n that would exponentially raise the valuation of the company to $2.3 billion, people familiar with the situation said. Accel beat vying offers from several investors including Insight Partners to lead the latest round, which is expected to raise hundreds of millions of euros for Berlin-based n8n, the people said, asking not to be identified because the information is private. The $2.3 billion valuation — up from roughly $350 million just four months ago — is pre-money, representing the value of the company before the new investment, the people said.
