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...
UPS fails in its second attempt to circumvent driver-trainer regulations.
Federal authorities are still skeptical that UPS (NYSE: UPS) can maintain safety standards if it is exempted from some aspects of new driver-training rules. According to a judgment to be released Tuesday, the Federal Motor Carrier Safety Administration has denied UPS's request to waive a requirement that training instructors for...