Passenger rail advocate calls on STB to resolve Amtrak’s on-time performance woes

A trade group representing passenger rail wants the Surface Transportation Board to move quickly in responding to Amtrak’s complaint that Union Pacific is contributing to the lackluster on-time performance of Amtrak’s Sunset Limited service. Jim Matthews, president and CEO of the Rail Passengers Association, said in a recent website post that his group is still…

Teamsters not ‘bailing out’ Yellow again, unmoved by carrier’s finances

Teamsters brass said Monday that less-than-truckload carrier Yellow Corp. has informed them it will be out of money by August if a proposed change of operations isn’t approved. The union, however, says the company has been mismanaged for years and vows to not bail Yellow out again. “Yellow has been unable to effectively manage itself…

C.H. Robinson hangs on to S&P debt rating but outlook now negative

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…