Transport Topics
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U.S. factory production unexpectedly contracted in January, shrinking the most in eight months on weakness in the automotive sector and indicating a weak start to the year as headwinds including a trade war with China weighed on factories.
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Commercial vehicle supplier Wabco Holdings Inc. reported lower net income and revenue for the fourth quarter, while full-year revenue set a record despite a slowdown in certain key markets.
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The big four surface transportation policymakers on Capitol Hill are scheduled to share with state-level transportation officials the latest developments on crafting much-anticipated infrastructure legislation.
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Supplier Dana Inc. reported record full-year net income and revenue, and quarterly improvements in both areas.
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