Inside This Issue
· Car Sick: Trump Tariff Tear Targets Autos; RRs Brace for Impact
· Vehicular Calmicide: Latest Tariff Move Amplifies Market Unease
· Trade Mark: Carney Calls Trump; Trump Softens Tone
· Sell Me More: RR Stock Prices Drop Again
· Coming of Wage: RRs Reach National Deal with Maintenance Union
· Kansas City Giddy: UP Makes Another Move in Missouri
· Restraining Orders: Railcar Sales Way Down from Years Prior
Track Talk
“Investors were all aboard railroad stocks at the start of the year, but they’ve been stopped in their tracks by tariffs, which could slow the flow of goods being transported from Canada and Mexico to the U.S.”
-The Toronto Globe and Mail
The Latest
· More data. More anecdotes. More commentary. All point to further uncertainty across the U.S. economy, which is now shrinking this quarter, based on estimates from Atlanta’s Federal Reserve branch anyway. Other forecasters still see Q1 GDP rising… but not much. The latest unsettling policy pronouncement was a 25% tariff on auto
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