Investment bank praises Triumph Financial but cuts its stock price rating

Financial services analysts at Piper Sandler think Triumph Financial has a strong future over the next two years, but they aren’t too hot on the stock right now. In a report that could be read as more of an endorsement of the strategy of the trucking-focused bank, analysts Frank Schiraldi and Justin Crowley on Monday…

Ryder continues shift toward less reliance on leasing, talks up Cardinal

Ryder System’s fourth quarter saw the continued rise of its Supply Chain Solutions (SCS) segment as a growing contributor to revenue and profitability, with used vehicle sales hurting the performance of its signature Fleet Management Solutions (FMS) vehicle leasing division.  In prepared remarks released with the earnings, CEO Robert Sanchez, who has been leading the…

CSX worker dies after being struck by moving equipment

An investigation is underway after a CSX worker was killed on the job Tuesday in Roanoke Rapids, North Carolina.  The incident happened around 1:30 p.m. on CSX’s Northend Subdivision, according to the Roanoke Rapids Police Department. Details have not been released, but the National Transportation Safety Board said the employee was killed by moving equipment….

Border bridges blocked as rail workers seek back pay, benefits

Former Mexican rail workers held protests and blockades at U.S.-Mexico border crossings in Arizona and Texas on Wednesday, seeking benefits, severance pay and more communication from the federal government.  “There is a protest by retired railroad workers taking place on the Mexico side of World Trade Bridge that is currently impeding all north and south…