Cruz Deregulation Plan in NAFTA Would Circumvent Democrats
With negotiations to modernize NAFTA coming to a head, Texas Republican Ted Cruz and some of his conservative Senate allies have been pushing the Trump administration to use the trade pact as a way of getting around Democratic objections to the GOP’s broader deregulation agenda.
April 27, 2018Transportation Stocks Struggle Despite a Broader Market Rally
Industrial stocks were poised for a rally April 27 after solid earnings reports from UPS Inc. and Raytheon Co., and a reversal of the defense and aerospace selloff that puzzled investors earlier this week. But transports are having none of that.
April 27, 2018Saia Posts Robust Profit, Revenue in 1Q
Saia Inc. reported April 27 first-quarter net income of $21.1 million, or 80 cents per share, an increase of 85% from the $11.4 million in net income and 44 cents per share reported in the first quarter of 2017.
April 27, 2018Consumer Sentiment Exceeds Forecast on View of Finances
U.S. consumer sentiment exceeded estimates in April on Americans’ increasingly favorable views of their finances, University of Michigan survey data showed April 27.
April 27, 2018VMT Useful in Infrastructure Funding, Study Says
A fee that would charge drivers for the miles they travel would help boost the Highway Trust Fund, the American Action Forum determined in a study published April 24.
April 27, 2018NAFTA Nations to Meet Again; Mexico Says Deal Possible in Days
The United States and its NAFTA partners are stepping up efforts to reach a tentative deal in the coming days — with one Mexican minister saying a pact is “reasonably close” while the United States prepares for talks with China.
April 27, 2018Daimler Upbeat on Profit Outlook as Luxury Cars Offset Spending
Daimler AG struck an upbeat tone, calling for “slightly” higher 2018 earnings, as sales growth of its higher-priced Mercedes-Benz luxury cars such as the S-Class coupe helps offset record spending to develop electric vehicles.
April 27, 2018USA Truck Grabs Profit on Revenue Rise
USA Truck reported first-quarter 2018 net income of $1 million, or 13 cents per share, compared with a net loss of $4.9 million, or minus 61 cents a share, in the first quarter of 2017.
April 26, 2018Hub Group Reports Higher Revenue, Profits in 1Q
Hub Group reported higher revenue and profits in the first quarter of 2018 with growth coming from intermodal, logistics and dedicated contract carriage operations.
April 26, 2018Union Pacific Records Solid 1Q Results
Union Pacific Railroad reported first-quarter net income of $1.3 billion, or $1.68 per share, compared with $1.1 billion, or $1.16, in the first quarter of 2017.
April 26, 2018