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 parcel carrier has agreed to pay $240 million to settle lawsuits covering around 13,000 divers across 20 states who claimed they should have been treated as employees instead of independent contractors.
Starbucks names new executive VP for global supply chain, while DHL appoints senior leadership for its eCommerce division and Foss Maritime promotes new president.
The parcel giant announced today that after the official post-closing acceptance period, FedEx owns 98.45 percent of all TNT Express stock and will commence a statutory buy-out for the remaining shares in third quarter 2016.