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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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.
SEKO Logistics appoints VP of network development, while Kuehne + Nagel's global air freight head steps down and Inchcape Shipping Services names VP of North American operations.
The French ocean carrier reported it will pay 1.3 Singapore dollars (U.S. $0.94) for the Neptune Orient Lines' shares it does not already own, control or has agreed to acquire.