The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1328 GMT - Canada-US cross border truck-transported trade was down again in May as Trump tariffs took hold. In a National Bank of Canada report, Cameron Doerksen notes that Canada/US cross-border trade value by truck was off 14.5% year-over-year in May after dropping 15.8% in April, according to data from the Cass Transportation Shipments Index. He blames "cross-border shipments [that] have been significantly impacted by U.S. tariffs." More broadly, according to the report, the seasonally adjusted U.S. American Trucking Associations Truck Tonnage Index was down 1.3% year-over-year in May, the first year-over-year decline since December. (adriano.marchese@wsj.com)

1319 GMT - Delta Air Lines is getting ready to adjust capacity in its main cabin. "We actually expect to see domestic seats in the main cabin negative starting in August for the industry and Delta," CEO Ed Bastian says in an interview on CNBC. He adds that the airline is expecting domestic capacity in the second half of the year to be flat to down, noting that growth will come from international and premium business. The airline saw premium ticket sales increase 5% in 2Q, while sales in the main cabin--where there are more price sensitive customers--fell 5%. Delta jumps 12% premarket. (denny.jacob@wsj.com; @pennedbyden)

1308 GMT - While autonomous vehicles are expanding their availability, investors are divided over just how long it will take for self-driving cars to fully disrupt the marketplace, according to Wedbush in a research note. The analysts say the success of Tesla's robotaxi service stands to hurt Uber and Lyft, as the role of third-party distribution networks evolves. The comments come after Tesla CEO Elon Musk said Tesla is planning to expand its robotaxi offering to a larger service area in Austin, Texas, this weekend, and eyeing expansion to the San Francisco Bay Area in the coming months. "While we think the near-term financial impact to established ridesharing platforms is limited, over time, we expect AVs will disrupt the current status quo," the analysts write. (connor.hart@wsj.com)

1135 GMT - Delta Air Lines gets a boost from more affluent spenders in its latest quarter, but other carriers may have their work cut out for them. The airline said premium ticket sales increased 5% while main cabin sales fell 5% in 2Q, helping keep revenue flat from a year earlier. But whether other airlines who will soon report quarterly results can see similar trends remains to be seen. Delta and United Airlines are expected to get some insulation from their fliers with more affluent means, but carriers with more exposure to domestic main-cabin travel will suffer if capacity doesn't get in line with demand as many consumers remain hesitant to spend, say analysts. (denny.jacob@wsj.com; @pennedbyden)

1052 GMT - Delta Air Lines' latest results suggest that more affluent spenders are keeping things steady in an otherwise shaky environment for travel. The airline said premium ticket sales increased 5% while main cabin sales fell 5%. This helped keep revenue flat from a year earlier. It also helped Delta provide an EPS forecast for the rest of the year, though down from its guidance issued in January. Airlines across the industry have been chasing consumers willing and able to shell out on premium parts of the flying experience, a buffer against more price-sensitive fliers who are delaying or downsizing vacation plans in response to broadly higher prices and uncertainty in the economy. (denny.jacob@wsj.com; @pennedbyden)

0832 GMT - Daimler Truck revealed detailed plans to restructure its Mercedes-Benz business, a move that is key to reaching a group valuation of 50 billion euros, Deutsche Bank analyst Nicolai Kempf writes. The company used its investor event to announce a 2 billion euro share buyback program, increased medium-term targets, and provided details on the restructuring of Mercedes in Europe. The buyback was consistent with expectations. The primary focus should remain on the Mercedes restructuring as the business has historically underperformed peers, Kempf says. "Our analysis suggests that, in an optimistic scenario, these efforts could generate over 3.5 billion euros in incremental earnings by 2030 which should result in a market cap over 50 billion euros." Shares rise 0.3%. (dominic.chopping@wsj.com)

0620 GMT - MISC's medium-term outlook is expected to remain resilient despite trade headwinds, supported by long-term charters and fleet renewal across its liquefied natural gas and petroleum segments, RHB IB analysts Miza Izaimi and Sean Lim say in a note. They add that the company's position in the floating production, storage and offloading vessel supercycle, along with its growing green energy business, should support its growth prospects. Cash flow is expected to remain strong, helping to sustain dividends and fund new energy ventures, they say. RHB maintains a buy rating on MISC and keeps its target price at MYR9.70. Shares are 0.3% higher at MYR7.62. (yingxian.wong@wsj.com)

0403 GMT - BYD's recent move to initiate comprehensive pricing enforcement across its Dynasty, Ocean and Fangchengbao dealership networks may become a short-term headwind for volume growth, Daiwa analyst Kelvin Lau writes in a note. The initiative, led by a newly formed "self-discipline committee," mandates strict adherence to official pricing guidelines, Lau says. The move comes amid consumer hesitation and increased sensitivity to prices, he adds. However, over the medium term, the initiative may support healthier dealer economics, reduce intranetwork price wars and reinforce BYD's premium positioning in the new energy vehicle segment, he says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

July 10, 2025 12:20 ET (16:20 GMT)

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