Reliance Partners CFO sounds alarm on bank crisis impacting carriers

Since March 10, three large commercial U.S. banks have failed. The fallout, paired with trends that have already been happening, are  being described as a “crisis” by many in the financial community, including Thomas Albrecht, CRO and CFO of Reliance Partners. On Monday’s episode of WHAT THE TRUCK!?! Albrecht joined Dooner to discuss how the…

Ag secretary: Rail service ‘remains inadequate and unreliable’

While rail service has improved for agricultural and grain shippers in 2023 compared with last year, ongoing service issues warrant continued attention and regulatory action, rail shippers are telling the Surface Transportation Board. For starters, U.S. Secretary of Agriculture Tom Vilsack recently urged STB to follow through with a number of actions to bolster rail…

WestJet averts pilots strike, agrees to new contract

WestJet, the second-largest passenger airline in Canada that recently added freighter service in North America, and the union representing 1,850 pilots reached a last-minute agreement in principle Thursday night on a new labor contract, avoiding a strike that would have shut down business. The tentative agreement between management and the Air Line Pilots Association (ALPA)…