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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T.J. England, the chief legal officer for Salt Lake City-based trucking carrier C.R. England, said it intends to immediately appeal the decision.
A China COSCO Shipping subsidiary has sent eight vessels with an aggregate capacity of 32,574 TEUs to the scrapyard for 212 million yuan renminbi (U.S. $30.8 million), resulting in a net loss of RMB638 million, according to a statement from the company.
With the rise of e-commerce, traditional retailers now have to figure out how to effectively and profitably fulfill orders both in-store and direct-to-consumer, as well as face threats from pure e-commerce retailers and manufacturers fulfilling direct.