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.
1317 ET - U.S. airlines are expected to carry over 31 million passengers during the Thanksgiving holiday travel period this year, an all-time high, according to trade group Airlines for America. The Thanksgiving holiday travel period this year stretches from Nov. 21 to Dec. 1. The trade group says airlines are expected to carry 2.8 million passengers each day during the period, with the busiest days expected to be November 30 and December 1. (stephen.nakrosis@wsj.com)
0439 ET - Commercial deployment of autonomous driving and physical AI is accelerating momentum inChina's auto industry, HSBC Global Research analysts write in a note. Autonomous-driving technology is approaching a demand inflection point, they say, with robotaxis moving into early commercialization and roboticsshowing signs of initial mass production. HSBC adds that this remains a longer term story: as policy evolves, consumer adoption rises and major players hit key milestones, these factors could serve as additional catalysts and potentially mark a fundamental inflection point for autonomous driving, robotaxis and robotics. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
0354 ET - China's auto sector is likely to face a downturn in 2026 with weaker volume and declining margins, Deutsche Bank analyst Bin Wang says in a note. He expects auto sales growth to decline in 1Q 2026 on year, as potential buyer demand is pulled forward into 4Q ahead of expected adjustments in supportive policies, including a reduction in trade-in subsidies and the introduction of a new purchase tax for NEVs. Sector-wide margins are likely to decline in 2026, as some automakers may absorb the cost of the policy changes. However, Wang notes an upside risk is a potential tax reduction for internal combustion engine vehicles in 2H 2026, which could help lift sector volume, margins and investment sentiment. (jason.chau@wsj.com)
1900 ET - Napier Port has a good shot at beating its annual earnings guidance, suggests Forsyth Barr. Napier Port expects FY 2026 Ebitda of NZ$70 million-NZ$74 million. That implies growth of 9%-15% on year. Management has typically been conservative with its earnings projections. "And we believe this guidance follows that pattern," says analyst Andy Bowley. Recent tariff schedule changes to the container infrastructure levy and vehicle booking system charges suggest another strong year of unit revenue growth. That should underwrite another year of strong profit growth, Forsyth Barr says. It retains an outperform call on Napier Port and raises its price target by 17% to NZ$4.10/share. Napier Port is unchanged at NZ$3.51. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 20, 2025 16:50 ET (21:50 GMT)
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