The collision in northern Texas left one injured and three missing Tuesday morning.
The Oakland, Calif. City Council passed an ordinance to ban the storage and handling of coal and coke at bulk terminals in the city, representing the latest blow to Terminal Logistics Solutions’ plan for a dry bulk terminal to handle coal and other goods.
The freight transportation analyst said its Shippers Conditions Index is at its highest sustained level since 2011, but conditions for shippers should reverse in 2017, as fuel prices increase and regulatory drag tightens capacity.
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Logistics costs for U.S. businesses rose 2.6 percent in 2015, while the largest component of logistics costs, transportation, grew only 1.3 percent during the year, according to a report from the Council of Supply Chain Management Professionals.
The ill-fated cargo ship did not have an accurate forecast of the path of Hurricane Joaquin due to delays in the BonVoyage reporting system, according to official testimony from the second round of Marine Board of Investigation hearings into the incident.
The French ocean carrier transported 2.9 percent more containers, but saw the average freight rate tumble 17.6 percent when compared to the first quarter of 2015.