According to top executives' remarks at a recent investor conference, US Class I railways are hopeful that staffing initiatives and operational adjustments will result in enhanced service for the rest of the year and into 2023. "We're in really good shape for the rest of the autumn, and I expect...
After Moody’s maintains its rating, S&P raises Daseke’s debt rating.
After Daseke expressed dissatisfaction that one of the top debt rating agencies did not raise its rating, the flatbed operator got its wish when another one did. When Moody's conducted an assessment of Daseke (NASDAQ: DSKE) earlier this year, it issued a report stating that the company's debt outlook was...
Two more freight rail unions have tentatively agreed to a new labor contract.
Just before Labor Day weekend, two additional railroad unions struck tentative labor deals with US freight railroads. The International Brotherhood of Electrical Workers (IBEW) and the American Train Dispatchers Association (ATDA) both stated that the labor agreements are based on recommendations from the Presidential Emergency Board (PEB), a three-person independent...