Trump’s promise unlikely to stimulate rail industry

By Yemeng Yang Does the increase of coal carloads at the beginning of 2017 have anything to do with President Donald Trump’s promise to revive the coal industry? The answer by experts is no. “Absolutely not,” said Noël Perry, principal at Transportation Economics and partner at FTR Intelligence. “He has not done anything. It’s just […]

Rising wholesale prices support interest rate hike

By Yemeng Yang U.S. wholesale prices increased in February due to rising energy and service prices, clearing any doubt that the Federal Reserve will raise rates at this week’s meeting. The Producer Price Index, or PPI, for final demand–goods sold as personal consumption, capital investment, government purchases, and exports–increased a seasonally adjusted 0.3 percent after […]

U.S. manufacturing climbed to best level since mid-2014

By Yemeng Yang The U.S. manufacturing sector reported expansion in February, but it remains to be seen whether actual performance lives up to the upbeat sentiment. The Institute of Supply Management’s report released Wednesday showed that its February purchasing managers index, or PMI, a composite indicator of the manufacturing sector, jumped 1.7 points to 57.7, […]

Federal Signal earnings beat expectations, but shares drop

By Yemeng Yang The fourth-quarter profit of Federal Signal Corp., the Oak Brook, Ill.-based public safety products manufacturer, beat Wall Street’s expectation, but shares dropped as the company expressed caution about the first quarter of 2017. Federal Signal reported Tuesday net income from continuing operations of $12.1 million, or 20 cents per diluted share, down […]

Japanese cool animes heading overseas

By Yemeng Yang Perhaps surprisingly, North America and Europe hold the largest number of fans of the Japanese anime character Hello Kitty. The smartphone game Pokemon Go, originated from a Japanese anime, topped mobile download charts in 70 different countries. And in 2015, the United States made the most contracts with the Japanese anime industry […]

Americans still love cars

By Yemeng Yang Boasting the largest attendance of any U.S. auto show, 800,000-plus, the Chicago Auto Show, which ran through Monday, Presidents Day, displayed nearly 1,000 models of new and existing vehicles of major automakers. Attendees said they enjoyed the show because they can see new models that are coming out and be able to […]

Proud Peoria looks ahead

By Yemeng Yang Peoria was saddened Tuesday by Caterpillar Inc.’s plan to move its headquarters to the Chicago area later this year, but the proud municipality of 186,000 is looking forward. “We’re disappointed today with the decision made by Caterpillar,” said Peoria City Manager Patrick Urich in a phone interview. “But at the same time, […]

Though its shares surge, Wall Street is cautious about Tesla

By Yemeng Yang Wall Street is divided about the stock of Tesla Motors Inc., even as investors are cheering the electric car maker’s prospects under the new administration. Shares of Tesla closed at $254.47 Wednesday, down 14 cents or 0.05 percent. But the stock has soared $59 or 30 percent since the election.

CSX disappointed market with flat fourth-quarter earnings

CSX train

By Yemeng Yang Fourth-quarter profit of CSX Corp., the Jacksonville, Fla.-based railroad operator, slightly beat Wall Street’s expectation, but shares plunged more than 3 percent because of excessive expectations and the company’s weak guidance for this year. CSX reported late Tuesday net income of $458 million, or 49 cents per share, in the quarter ended […]