The Berkshire Hathaway-owned Class I freight railroad will pay $50,000 in civil penalties related to a March 2015 crude oil train derailment in Galena, Ill., according to a statement from Illinois Attorney General Lisa Madigan.
Additional shippers and logistics companies have expressed support on a call for the Federal Maritime Commission to provide guidelines on detention and demurrage charges.
Hyundai Heavy Industries (HHI) is putting its restructuring plans on a shareholders’ meeting agenda for Feb. 27, but HHI workers plan to strike from Feb. 22-27 in attempts to block the meeting.
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The Pacific Northwest port has elected interim Chief Executive Officer Julianna Marler, who has held the post since May 2016 following the resignation of then-CEO Todd Coleman, to the permanent position of CEO and executive director.
Walter Kemmsies, managing director, economist and chief strategist for JLL Ports, Airports and Global Infrastructure, discussed how interest rates are on the rise and the effects this could have on the supply chain.
More than 100 U.S. retailers and trade groups have formed Americans for Affordable Prices, a coalition designed to convince lawmakers to abandon import tax proposals.