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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The U.S. Coast Guard bulletin regarding compliance with the International Maritime Organization's verified gross mass requirement "seems to allow for more flexibility," says Federal Maritime Commission Chairman Mario Cordero.
The South Korean ocean carrier's results for the quarter were hindered by continuously falling freight rates and the imbalance of supply and demand.
Ocean carriers CMA CGM of France, Germany's Hapag-Lloyd and MOL of Japan announced upcoming general rate increases, while this past Friday, the Shanghai Containerized Freight Index rose 1.9 percent from a week prior to a reading of 588.59.