03 May FedEx, UPS Strive to Automate Loading and Unloading Trucks As FedEx Corp. and UPS Inc. beef up automation to keep pace with surging e-commerce and a potential threat from Amazon.com, they’ve been stumped at a crucial stage: loading and unloading trucks. Read more...
03 May TransCanada Profit Tops Estimates Ahead of Key Legal Decisions TransCanada Corp. posted first-quarter profit that topped analysts’ estimates, giving the pipeline company momentum as it enters a period that’s likely to feature key legal decisions on some of its major projects. Read more...
03 May Tesla Raises $2.35 Billion in Boosted Debt, Stock Offerings Tesla Inc. raised $2.35 billion through debt and stock offerings that expanded from the company’s initial plans, helping to put some near-term liquidity fears to rest. Read more...
03 May Amazon Fails to Get Williams-Sonoma Lawsuit Tossed Amazon.com failed to dodge a lawsuit that accused it of trying to trick shoppers into thinking it was an authorized reseller of Williams-Sonoma products. Read more...
03 May Goods-Trade Gap Widens to $71.4 Billion on Import Increase America’s merchandise trade deficit widened in March for the first time in three months as an increase in imports exceeded the rise in exports. Read more...
03 May Fiat Chrysler Shares Rally as CEO Mike Manley Confirms Outlook After Profit Miss Fiat Chrysler Automobiles NV shares rallied as investors shrugged off lower-than-expected first-quarter profit and focused on CEO Mike Manley’s confirmation of the carmaker’s 2019 earnings targets. Read more...
03 May House Republican Leader Kevin McCarthy Highlights P3s, Permit Streamlining With Washington buzzing about infrastructure, Rep. Kevin McCarthy, the top Republican in the U.S. House of Representatives, expressed support for a comprehensive package that would incorporate potential contributions from the private sector and streamline the permitting process. Read more...
03 May Jobs Top Forecast at 263,000 Gain, but Wages Miss Estimates The U.S. economy accelerated its rebound from a recent soft patch as unemployment unexpectedly fell to a fresh 49-year low amid strong hiring and cooler-than-projected wage gains, suggesting the hot labor market can extend its run. Read more...
03 May Tesla CEO Elon Musk Correctly Called European Slump for April Tesla Inc.’s deliveries in key European markets slumped in April after booming the previous month, lending credence to CEO Elon Musk’s prediction for “lumpy” results. Read more...
03 May Class 8 Orders in April Slow Down Again North American Class 8 orders in April fell below 20,000 units for the fourth consecutive month, FTR reported. Read more...