The U.S. Department of Transportation is looking into how delays at ports and other loading and unloading facilities may be affecting driver compliance with hours-of-service rules designed to increase safety.
Union Pacific’s failure to maintain its track and equipment resulted in broken and sheared lag bolts, which caused the June 3 derailment of a train near Mosier, Ore., according to a preliminary report from the Federal Railroad Administration.
Meanwhile, the pound slid the most on record to its weakest since 1985, while the yen rallied on demand for haven assets, following Britain’s vote to leave the European Union.
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The 13,092-TEU containership COSCO Hope crashed into a gantry crane at Port Said as it was departing the Egyptian port, igniting a fire that spread to 20 containers and resulted in injuries to at least two people.
The U.S. International Trade Commission released a report this week that forecasts U.S. exports related to the Trans-Pacific Partnership, if passed by Congress, will increase by $57.2 billion by 2032.
The United States is about to import the largest wheat cargo from the UK in more than two decades as a combination of ample British supply, a weaker pound and rock-bottom freight rates make the unusual trade viable.