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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Kerry Logistics appoints managing director for the Benelux countries, while the Glasgow Prestwick Airport names permanent CEO.
The Israeli ocean carrier experienced a net loss of $56 million in the first quarter of 2016, compared to profit of $12 million in the first quarter of 2015.
The Gulf Coast port's Napoleon Avenue Container Terminal transported 99,568 TEUs in March and April combined, which is more than it has transported during any two months in the port's history.