27 Apr 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. Read more...
27 Apr Billions From Gas Tax and Vehicle Fees Will Go to Transit Projects, California Officials Announce California state officials announced April 26 that $2.4 billion from increases in the gas tax and vehicle fees will be spent on dozens of transit projects, including work to prepare Southern California for the 2028 Summer Olympics. Read more...
27 Apr Transportation 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. Read more...
27 Apr Saia 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. Read more...
27 Apr Consumer 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. Read more...
27 Apr VMT 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. Read more...
27 Apr NAFTA 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. Read more...
27 Apr Daimler 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. Read more...
26 Apr USA 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. Read more...
26 Apr Hub 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. Read more...