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.

1153 GMT - CSX CEO Steve Angel is still in his early days at the company, but he seems determined to make the railroad company the best-in-class in multiple areas, Benchmark analyst Nathan Martin says. Angel, who started in September, faced a number of questions about his initial thoughts on the company's operations after he discussed third-quarter earnings on Thursday night. The analyst says the CEO made it clear that he wants to improve the performance of the franchise as a standalone company while keeping his eyes open for strategic opportunities. Angel sees potential to work with other railroads to take friction out of the system, Martin says. (katherine.hamilton@wsj.com)

0902 GMT - Continental's third-quarter performance shows the brand is strong enough to support profitability even under pressure from tariffs or high raw-material costs, Jefferies analysts say in a research note. The same applies to Italian peer Pirelli, the analysts say. Continental's performance is commendable and the company beat forecasts clearly, specially in its tires division. The better-than-expected print and the unchanged full-year guidance make the fourth-quarter targets easy to achieve, Jefferies adds. Shares are up 8% at 59.04 euros.(maitane.sardon@wsj.com)

0748 GMT - Volvo's third-quarter report was mixed, highlighting ongoing uncertainty, and shares face pressure from subdued order intake momentum in Europe and weakness in South America, J.P.Morgan analysts write. Adjusted EBIT was broadly in line, supported by stronger-than-expected results in construction equipment and buses, but offset by weaker truck earnings. Higher R&D capitalization boosted earnings by around 500 million Swedish kronor. Truck results missed forecasts due to fewer deliveries, while order backlogs remain healthy in Europe and North America, but have weakened in South America. The third-quarter net tariff impact was around 500 million kronor, and the fourth-quarter net tariff impact is expected to be around 1 billion kronor. "We do not expect big changes to consensus estimates." Shares fall 5.3%. (dominic.chopping@wsj.com)

0725 GMT - Volvo's third-quarter report is somewhat of a mixed bag, but downside in the stock should be limited by the 2026 outlook and some likely upgrades in non-truck segments, Bernstein analysts write. Achieving an industrial margin of over 10% is impressive on the face of it, but the figure is flattered by higher R&D capitalization and a property sale in buses, Bernstein says. Excluding these items, the industrial EBIT margin would be around 9.4% versus consensus at 10.3%. Key truck orders missed expectations by 16%. Europe intake has softened, but Volvo beat in North America suggests share gains in the region continue, it adds. The 2026 truck market outlook is in-line with Bernstein's model and implies limited change to 2026 consensus. Shares fall 4.5%. (dominic.chopping@wsj.com)

0322 GMT - NIO shares should see near-term support by vehicle sales and improving profitability, says Morningstar's Vincent Sun in a note. The electric-vehicle maker's Hong Kong shares fell after investor GIC filed a lawsuit against the company in the U.S., alleging it inflated the value of its securities. While the allegation makes a dent on NIO's corporate governance, the analyst doesn't expect this development to materially affect NIO's production of its ES8 and Onvo L90 vehicles. Morningstar maintains its fair-value estimate on NIO's ADRs at $5.30 and its Hong Kong shares at HK$41.60. The ADRs closed at $6.83, while the H-shares are 2.5% higher at HK$50.50. (megan.cheah@wsj.com)

2156 GMT - It's a case of near-term pain but long-term gain for investors in 4x4 vehicle parts retailer ARB, suggests Ord Minnett. Current conditions are challenging, analyst James Casey says. Gross profit margins in 1Q are tracking close to levels at the end of FY 2025. "This suggests an approximate 370 basis point year-on-year margin contraction, likely resulting in 1Q net profit falling below the prior corresponding period," Ord Minnett says. Still, it retains a buy call on ARB, anticipating robust demand for its products over the long term. Ord Minnett points to a healthy order book, with new vehicles and products being released globally. "New and refurbished stores, offshore expansion offer solid earnings growth," it adds. (david.winning@wsj.com; @dwinningWSJ)

1842 GMT - United Airlines reports that premium revenue outperformed sales of main cabin seats "once again," Chief Commercial Officer Andrew Nocella says on a call with analysts. Premium revenue in 3Q was up 6% year-over-year, compared with a 4% gain for the main cabin. Per-unit revenue for premium seats outperformed the main cabin by 5 points, Nocella says. During the week that Oct. 5, United had its all-time highest business revenue check-in, he says. The figures and commentary align with Delta Air Lines' 3Q report last week, in which it also touted growth in its premium offerings and said it expects premium revenue to overtake sales it gets from economy seats as early as next year. (dean.seal@wsj.com)

1835 GMT - United Airlines expects supply and demand in the airline industry to balance out in the coming years and for the majority of its revenue to start coming from brand-loyal customers, CEO Scott Kirby says on a call with analysts. The carrier is on track to invest more than $1 billion this year into enhancing the customer experience, hoping to lure more flyers into its loyalty program. United reports that loyalty revenue was up 9% in 3Q. "We're proving this year that that revenue stream is resilient in tough times," Kirby says. "But it has even more upside in the good times," he says. (dean.seal@wsj.com)

1821 GMT - Stellantis has offered assurances it remains committed to restarting an idled Canadian plant and the workers, Prime Minister Mark Carney says. Carney says he spoke with the global head of the automaker and was told the company is looking to identify a new model for the Brampton, Ontario plant, after it decided to make midsized Jeeps in Illinois instead of Ontario. Carney says Stellantis's decision on a vehicle for Brampton hangs on the a new trade deal between Canada and the U.S. being finalized. As well, the prime minister said his government was working with Stellantis, the union and the province of Ontario to ensure Brampton workers have the opportunity to move to a third shift being added to Stellantis's Windsor, Ontario, plant that would add 1,500 jobs and that they receive comparable support to what they now receive. (robb.stewart@wsj.com)

1634 GMT - J.B. Hunt's 3Q results hinted at some positive trends heading into 4Q, Stifel analysts say. While the ocean freight peak season was a bit weak and came early, management believes most of the imports have not yet moved through the inland supply chain, the analysts say. This could imply that domestic freight activity will be better than expected in 4Q, they say. Management is also seeing a gradual tightening of supply in the market, which the analysts believe would set J.B. Hunt up for market share wins in its modal business. Shares gain 20% to $166. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

October 17, 2025 12:20 ET (16:20 GMT)

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