Transport Topics
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Rising prices at the gas pump helped drive U.S. household sentiment to a seven-week low at the end of April, the Bloomberg Consumer Comfort Index showed May 3.
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Eaton Corp. reported May 1 that first-quarter net income was $488 million, up 12% or $1.10 per share, which compares with $435 million or $0.96 per share for the first quarter of 2017, according to the Dublin-based power management company.
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Parts supplier Meritor Inc. had a busy week, attending the Advanced Clean Transportation Expo in Long Beach, Calif., releasing quarterly results, buying a manufacturing company and announcing a collaboration with major truck manufacturer Peterbilt.
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The U.S. trade deficit narrowed in March by the most in two years, while last week’s unemployment filings were below estimates and productivity gains remained lukewarm in the first quarter. Here’s what you need to know from the economic reports out the morning of May 3.
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