How high will Bitcoin go in 2025?

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

What Trump's DOT Pick Could Mean For EVs, Airlines, Railroad Stocks

Erica Kollmann
November 19, 2024

President-elect Donald Trump announced former Congressman Sean Duffy to oversee the Department of Transportation (DOT) on Monday.

Here's a look at how the latest Trump selection could affect companies in the transportation sector. 

The Details: Duffy, who served in the U.S. House of Representatives from 2011 to 2019, most recently worked as Fox News Media host. He left the position on Monday, according to the New York Times.

Duffy is the second Fox News employee to be nominated by Trump for a cabinet position. Last week, Trump picked Fox News host Pete Hegseth as Defense Secretary despite lack of government experience.

In 1997, he was a cast member on MTV's "The Real World: Boston.”

As Transportation Secretary, Duffy would be in charge of major federal agencies, including the Federal Aviation Administration (FAA) and the National Highway Traffic Safety Administration (NHTSA). 

Read More: Trump Appears ‘Frustrated’ As Elon Musk Chimes In On Treasury Secretary, Adds More Names To Short List 

"He will prioritize Excellence, Competence, Competitiveness and Beauty when rebuilding America's highways, tunnels, bridges and airports. He will ensure our ports and dams serve our Economy without compromising our National Security, and he will make our skies safe again by eliminating DEI for pilots and air traffic controllers," Trump said in his announcement.  

Air Travel

If approved by the Senate, Duffy can be expected to address ongoing aviation safety issues. This could include matters relating to Boeing Co. (NYSE:BA) and air traffic control challenges. As part of Trump's focus on efficiency, Duffy could potentially work to enhance safety measures while streamlining regulations. 

Major airline companies like Delta Air Lines, Inc. (NYSE:DAL), United Airlines Holdings, Inc. (NASDAQ:UAL) and American Airlines Group, Inc. (NASDAQ:AAL) may be affected by potential policy and regulatory changes, as well. 

‘Overall Negative For EV Industry’

The DOT also oversees the National Highway Traffic Safety Administration (NHTSA) which is expected to focus on regulatory frameworks for electric vehicles and autonomous driving technologies in the near term.  The NHTSA is likely to establish guidelines for emerging technologies like Tesla, Inc.'s (NASDAQ:TSLA) autonomous driving software. 

Recent reports suggest Trump has plans to ease restrictions on self-driving vehicles, which could help companies like Tesla expand FSD and bring robotaxis to the market.

Tesla CEO Elon Musk campaigned heavily for Trump and provided millions to his campaign coffers ahead of Election Day.

At the same time, it seems likely that the incoming Trump administration will eliminate or reduce many of the EV purchase incentives included in the Biden administration’s Inflation Reduction Act (IRA).

Wedbush analysts said that Tesla’s rivals, U.S.-based EV startups like Rivian Automotive, Inc. (NASDAQ:RIVN) and Lucid Group, Inc. (NASDAQ:LCID), could face a major set-back if Trump rolls back current EV tax incentives and rebates, as reports suggest. 

"We believe a Trump presidency would be an overall negative for the EV industry as likely the EV rebates/tax incentives get pulled," Wedbush analysts wrote. 

Railroads

If Duffy is confirmed, he will also oversee the Federal Railroad Administration (FRA), which is responsible for safety measures across the rail network. He may address safety concerns following incidents like the East Palestine derailment in 2023.

Duffy will also manage billions in federal grants aimed at improving rail infrastructure and upgrading aging rail systems to enhance efficiency and safety. Railroad companies including CSX Corp. (NASDAQ:CSX), Norfolk Southern Corp. (NYSE:NSC) and Union Pacific Corp. (NYSE:UNP) may benefit from such improvement projects. 

Investors can also monitor the broader transportation sector through ETFs which track its performance including the iShares Trust iShares U.S. Transportation ETF (BATS:IYT) and the First Trust Nasdaq Transportation ETF (NASDAQ:FTXR). 

Read More: 

  • Trump’s Potential ‘Health Czar’ Robert F. Kennedy Jr. Rattles Vaccine Stocks: ‘Shoot First Reaction’

Image: Shutterstock 

Continue Reading...

Popular

Supreme Court widens court options for vaping companies pushing back against FDA rules

WASHINGTON (AP) — sided with e-cigarette companies on Friday in a ruling making it easier to sue over Food and Drug Administration decisions blocking their products from the multibillion-dollar .

New Zealand Prime Minister Luxon talks trade in meeting with China's Xi

BEIJING (AP) — The prime minister of New Zealand stressed the importance of his country's in a meeting with Chinese leader Xi Jinping on Friday.

RFK Jr Prepping for Big Pharma BLIITZKRIEG? - Ad

RFK Jr just joined Trump's cabinet and wasted no time filing an executive order to overhaul American health. But what's coming next has Big Pharma terrified. RFK may expose their top secret-one that could save lives and cost them billions. That's why we're going public now.

Tesla's Robotaxi Launch Could Be Key To $310 Price Target, Says Gary Black

Gary Black sets $310 price target for Tesla, citing factors such as streamlined federal processes, new models, EV credit and declining EPS.

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Elon Musk's Bombshell About Donald Trump in Epstein Docs: Here's the Truth Behind the Claim

Elon Musk's claim regarding President Trump's connection to the undisclosed Jeffrey Epstein files has ignited a political uproar.

Trump's Trinity: How to Triple Bitcoin's Gains - Ad

Bitcoin just hit $100K. Trump pledged a U.S. Bitcoin Reserve. And his new crypto TRUMP boosted his net worth 9X in 48 hours. Together, this "Trump Trinity" could launch Bitcoin to $500K by the end of his term. But one little-known trade could triple Bitcoin's gains-faster, cheaper, and from any brokerage account.

Cloudflare To Raise $1.75 Billion In Note Offering For Expansion

Cloudflare, Inc. announced pricing of $1.75B convertible senior notes due 2030, option for additional $250M, and intends to use proceeds for corporate purposes.

FDA Halts Trials Exporting Americans' Cells To Hostile Countries For Genetic Engineering

FDA launches review of trials that sent American DNA to China without full consent; NIH investigates impact of Biden-era exemption on federally funded research

Nvidia's Plan to Dominate the World of Robotics ... - Ad

Robots just had a coming-out party in Las Vegas. From household helpers to rescue bots, they're now essential-not just novelties. Forbes says it's a $24T opportunity. And Nvidia's CEO says one $7 stock is key to building the world's first trillion-dollar robot.

Civil rights agency's acting chief to face questions on anti-DEI, transgender stances

WASHINGTON, D.C. (AP) — The acting chief of the country’s top agency for enforcing worker rights will face questions at a Senate committee hearing Wednesday over her efforts to while sidelining certain racial and gender discrimination cases and .

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Death toll in Indian plane crash climbs to 270 as search teams find more bodies

AHMEDABAD, India (AP) — Search and recovery teams continued scouring the site of one of India’s worst aviation disasters for a third day after the Air India flight fell from the sky and killed at least 270 people in Gujarat state, officials said Saturday.

Amazon Extends Prime Day In July As Tariff-Hit Shoppers Hunt Bargain Deals

Amazon expands Prime Day event to four days, offering millions of deals across various categories, including popular brands.

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

JPMorgan, Bank of America, and TD Bank Warn of Data Breaches Impacting Customer Information, Is Your Account Safe?

Several customers' critical information has been compromised, leading to data breach alerts issued by JPMorgan Chase, Bank of America, and TD Bank.

Walz: Minnesota Lawmaker and Spouse Killed In 'Politically Motivated Assassination'

Minnesota Gov. Tim Walz (D) said Saturday morning that a Democratic state legislator and her husband were killed, and another lawmaker and his wife injured, in separate "targeted shootings" at their homes.

Judge Blocking DOGE From Revealing THIS FDA Secret? - Ad

Democrats just filed a lawsuit to bring DOGE to a halt-and an Obama-appointed judge looks ready to help. It may be a rigged move to stop DOGE from exposing the FDA's biggest secret-a threat to billions in profits and political donations. That's why we're going public now.

Tesla stock plunges as Musk's feud with Trump over GOP tax bill spooks investors

Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear could end up hurting the company.

Warren Buffett Makes Over $2.2 Million A Day From This Stock

Warren Buffett's Berkshire Hathaway is set to earn $816 million in Coca-Cola dividends in 2025.

A Trump Order Could Send This $7 Stock Soaring - Ad

An executive order from Trump could unleash a $1.2T robotics boom-impacting 65M lives and reshaping entire industries. And one $7 stock, already backed by Nvidia, FedEx, and Toyota, is perfectly positioned. The order could hit this August... or sooner.

Aflac finds suspicious activity on US network that may impact Social Security numbers, other data

Aflac says that it has identified suspicious activity on its network in the U.S. that may impact Social Security numbers and other personal information, calling the incident part of a cybercrime campaign against the insurance industry.

MongoDB Is Poised To 'Emerge As A Winner In The AI Revolution': Analysts

Shares of MongoDB rallied in early trading on Thursday, after the company Wednesday reported upbeat fiscal first-quarter results.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

North Korea plans to send military construction workers and deminers to Russia

SEOUL, South Korea (AP) — North Korea will send thousands of military construction workers and deminers to support reconstruction work in Russia’s Kursk region, a top Russian official said Tuesday, the latest sign of between the two nations.

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Peter Thiel's Flying Car Dream Nears Reality With Joby Aviation, But Joe Lonsdale Warns FAA 'Must Move Fast' As China Could Overtake US Amid Regulatory Delays

Venture capitalist Joe Lonsdale is sounding the alarm on Chinese competition in the flying car sector while showcasing American innovation through Joby Aviation Inc., as regulatory delays threaten US market leadership in the emerging eVTOL industry.

Cathie Wood Dumps Another $5.2 Million Of Palantir Stock Amid Trump Administration-Linked Surveillance Controversy

On Wednesday, Cathie Wood's Ark Invest sold 40,035 shares of Palantir Technologies Inc, amidst controversy. They bought shares of Guardant Health Inc and Veracyte Inc.

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Indonesian coal industry risking a tough transition as demand declines, report says

HANOI, Vietnam (AP) — Indonesia’s coal industry is facing mounting pressure and should diversify as China and India, its biggest customers, cut back on imports of the heavily polluting fossil fuel, according to a report from a Jakarta-based energy thinktank, Energy Shift.

Elon Musk's SpaceX Suffers Major Setback As Starship Rocket Explodes In Static Fire Test

SpaceX's Starship 36 rocket exploded during a pre-flight static fire test at Starbase. No injuries reported, incident under investigation.

Elon Just EMBARRASED NASA (But This Is So Much Worse) - Ad

This is unbelievable... FalconSpaceX just rescued two astronauts after NASA left them stranded in space for months. But even more shocking? Elon Musk is being granted access to NASA as part of his DOGE initiative - and he's poised to expose a decades-old Apollo mission secret they've kept buried.

Amazon begins to ramp up its Zoox robotaxi factory as it prepares to challenge Waymo

HAYWARD, Calif. (AP) — Amazon is gearing up to make as many as 10,000 robotaxis annually at a sprawling plant near Silicon Valley as it prepares to challenge self-driving cab leader Waymo. Tesla CEO Elon Musk is also vying to join the autonomous race.

Apple May Launch New Hardware At WWDC 2025: Mac Pro, HomePad, AirTag 2 Expected

Rumors suggest that Apple's WWDC 2025 may feature surprise hardware announcements, including a new Mac Pro.

RFK Jr Prepping for Big Pharma BLIITZKRIEG? - Ad

RFK Jr just joined Trump's cabinet and wasted no time filing an executive order to overhaul American health. But what's coming next has Big Pharma terrified. RFK may expose their top secret-one that could save lives and cost them billions. That's why we're going public now.

Embed-Chart-Mideast Wars-Oil Prices, ADVISORY

MIDEAST WARS-OIL PRICES — Chart. This AP digital embed chart tracks the price of Brent crude oil futures before and after the Israeli strike on Iranian sites early Friday local time. Oil prices spiked after the attack on Iran, a major oil producer. This chart is current as of June 13, 2025, and will not update. Source: FactSet.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service