Air Canada’s cargo sales sink 40% in 1st quarter

Air Canada on Friday reported first-quarter results that included a 40% drop in cargo revenue to CA$238 million ($177 million), primarily driven by less throughput in the Pacific market after the airline returned planes to passenger service that were temporarily deployed for cargo-only purposes during the pandemic. Air Canada’s (OTCUS: ACDVF) cargo sales were also…

J.B. Hunt’s debt rating continues long run in solid investment-grade territory

J.B. Hunt is continuing its remarkable run of having an investment-grade corporate debt rating that hasn’t budged in almost 10 years, following a report issued by Moody’s Investors Service. Moody’s this week issued an affirmation of its J.B. Hunt (NASDAQ: JBHT) rating at Baa1. That rating has been in place since 2014 and is considered…