The Berkshire Hathaway-owned Class I freight railroad will pay $50,000 in civil penalties related to a March 2015 crude oil train derailment in Galena, Ill., according to a statement from Illinois Attorney General Lisa Madigan.
Additional shippers and logistics companies have expressed support on a call for the Federal Maritime Commission to provide guidelines on detention and demurrage charges.
Hyundai Heavy Industries (HHI) is putting its restructuring plans on a shareholders’ meeting agenda for Feb. 27, but HHI workers plan to strike from Feb. 22-27 in attempts to block the meeting.
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Michael Pram Rasmussen, chairman of the board of directors of Danish shipping conglomerate A.P. Møller - Mærsk A/S, is stepping down from his role as the company reported only its second annual loss since World War II.
The U.S. Senate on Tuesday confirmed presidential nominee Elaine Chao, a former deputy secretary of transportation and secretary of labor, as secretary of the Department of Transportation by a vote of 93-6.
The Canadian labor union said its 800 members will be in a legal strike position as of Feb. 6 at 12:01 a.m. eastern time.