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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Non-vessel-operating common carrier Ecu-Line has opened a new branch office in Fremantle, Australia.
The port of Fremantle services the capital city of Perth and the entire state of Western Australia.
The NVO said its Fremantle branch complements its existing weekly export consolidations from Australia to Singapore for destinations worldwide.
The Fremantle branch is headed by Rob Page.
The new shipping line will commence a new service between China and Australia, which will deploy five ships with a nominal capacity of 5,000 TEUs.
Schenker Inc. gains new U.S. CEO and XPO Logistics appoints chief transformation officer, while CEVA Logistics picks aerospace VP and GAC North America names regional commercial director for oil and gas.
Søren Skou, chief executive officer of the world's largest container carrier, predicts the industry will see upward price momentum in the second quarter this year ahead of the traditional peak shipping season in the third quarter.