Separately, the three Japanese ocean carriers - NYK, “K” Line and MOL - on Friday filed an agreement with the Federal Maritime Commission to merge container operations.
The sanctions, pursuant to the Iran, North Korea, and Syria Nonproliferation Act, will remain in place for two years.
The ranking member of the House Transportation and Infrastructure Committee introduced the Investing in America: A Penny for Progress Act, which aims to raise roughly $500 billion in transportation infrastructure funding via 30-year Treasury bonds.
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There were no injuries to the crew or the public, no releases and no impacted motorist grade crossings from the train derailment that occurred early Wednesday morning in Lake Forest, Ill., Union Pacific spokeswoman Calli Hite said Thursday.
The National Transportation Safety Board names acting chairman, while American Airlines Cargo appoints managing director of Florida, Caribbean and Latin America and 10-4 Systems names board chairman.
In an industry first, the vessel sharing agreement between Hapag-Lloyd, Yang Ming, NYK, MOL and "K" Line, also established an independent trustee to manage funds to be used in the event one of the carriers within the group becomes insolvent.