Motorway and airports operator Ferrovial had a surprise first-quarter revenue bump from freight traffic on toll roads in the United States and Canada, probably related to imports in anticipation of sweeping U.S. tariffs, its CFO told Reuters. The Spanish company's revenue surge despite adverse winter weather follows a wider trend of increased commercial activity at U.S. ports and roads that preceded U.S. President Donald Trump's April 1 announcement of new tariffs, many of which remain suspended. Ferrovial's first-quarter revenue from its toll road business in North America rose 14%, it reported in quarterly results last week, demonstrating growth in a country where it plans to concentrate its investments in the coming years.
Bond market jitters rise on 'narrative shift' from positive tariff news to mounting US debt crisis
The bond market may have brushed off Moody's US credit downgrade, but it's still showing growing unease over the country's deepening fiscal crisis.
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