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Tesla Probably Can’t Make Money in China, Morgan Stanley Says

Investors should keep their expectations about Tesla Inc.’s ability to operate profitably in China “very low,” Morgan Stanley analyst Adam Jonas wrote in a note, adding that he’s cautious about the country’s role in the carmaker’s long-term strategy and fundamental value.

March 6, 2019

Trade Gap of $621 Billion in 2018 Marked Highest in Decade

The U.S. trade deficit widened in 2018 to a 10-year high of $621 billion, bucking President Donald Trump’s pledges to reduce it, as tax cuts boosted domestic demand for imports while the strong dollar and retaliatory tariffs weighed on exports.

March 6, 2019

Legal Status for Transport of Hemp Remains Confusing

The 9th U.S. Circuit Court of Appeals has agreed to hear a legal challenge to the arrest of an Oregon truck driver and seizure of a 6,700-pound load of hemp being transported through Idaho.

March 6, 2019

Senate Commerce Panel Chief Roger Wicker Critical of Green New Deal

Add Sen. Roger Wicker to the list of senior Republicans coming out against Democrats’ ambitious progressive environmental policy manifesto referred to as the Green New Deal.

March 5, 2019

Maryland, CSX Apply Again for Federal Funding for Baltimore Tunnel Project

Maryland and CSX Transportation have submitted another application for federal money to heighten the Howard Street Tunnel in Baltimore so it can fit shipping containers stacked two high on freight trains — a project long sought by the Port of Baltimore, officials announced March 4.

March 5, 2019

Trump Plans to End Key Trade Preferences for India, Turkey

President Donald Trump announced plans to end key trade preferences for India and Turkey, in the latest move by the United States to counter what it calls unfair trade practices.

March 5, 2019

Improving Infrastructure Can Cut Fuel Costs, Aid Environment, ATRI Study Finds

Just 12% of the nation’s interstate road system is causing 89% of the trucking industry’s congestion problems, and repairs to the key choke points that cause delays could reap benefits in fuel consumption and emissions reductions, the American Transportation Research Institute said.

March 5, 2019

JPMorgan Chase: Tax Refunds Often Reset Consumers’ Finances

Refunds have averaged $3,602, and amount to the biggest incoming cash flow day of the year for 29% of recipients, according to the institute’s study of bank and credit card customer data from 2015-17, before the 2017 Republican tax law took effect.

March 5, 2019

US Indefinitely Delays Increased Tariffs on Chinese Goods

The United States has confirmed the country is postponing “until further notice” a scheduled tariff increase on Chinese goods, the latest sign that the world’s two largest economies could be headed toward a de-escalation of their trade dispute.

March 5, 2019

NTSB Announces Leadership Changes

National Transportation Safety Board Chairman Robert Sumwalt recently announced three leadership changes.

March 5, 2019