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.
Registration takes less than 1 minute.
Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.
Many importers remain confused about how the safety rule will be implemented and whether there will be any supply chain disruption as the shipping industry adjusts to new procedures.
In a letter to the Federal Maritime Commission, the National Customs Brokers and Forwarders Association of America urged acceptance of an agreement between carriers and six U.S. ports, but noted that shippers shouldn't bear the cost of the regulation.