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C.H. Robinson is keeping its investment-grade-level rating with S&P Global, but it has fallen below a key benchmark and its outlook has been downgraded by the ratings agency. S&P Global Ratings said in a report issued last week that the ratio of funds from operations (FFO) to debt at C.H. Robinson (NASDAQ: CHRW) had fallen…
A DHL regional cargo airline that operates a fleet of midsize Boeing 757 cargo jets from its base in Austria expects to add four Boeing 767 converted freighters this year for its European network but is seeking the option to fly them to the U.S. DHL Air Austria will deploy 767-300 cargo jets in September…
President Joe Biden signed legislation Monday to immediately end the U.S. national emergency response for COVID-19, weeks before it was set to expire alongside a separate public health emergency. However, the public health emergency — which does not allow unvaccinated non-U.S. citizens to enter the country — remains in place until May 11. It’s unclear…
By Lane Kidd The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. When boarding a commercial flight, what do you expect? Cramped seats. Maybe an incessant talker. Or everyone’s favorite — an on-time departure, only to sit on the tarmac for an…
WASHINGTON — An owner-operator-backed bill aimed at preventing a speed mandate for trucks is getting heavy pushback from safety groups aligning with small-business trucking’s big-business competition. A coalition that includes Advocates for Highway and Auto Safety, the Truck Safety Coalition, the National Safety Council (NSC) and Road Safe America are lobbying lawmakers to oppose the…
Knight-Swift Transportation announced Tuesday that President and CEO Dave Jackson has stepped down. He will be replaced by Chief Financial Officer Adam Miller. The change follows multiple quarters of depressed results, largely due to a prolonged freight recession, but also as the company’s third-party insurance venture has been operating at a loss. The business, which…