Transport Topics
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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.
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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.
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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.
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Just when it seemed lumber prices couldn’t surge any higher, problems for Canada’s railways mean the rally could continue.
West Virginia Trucking Association members receive a 2.7% discount
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