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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South Korean ocean carrier Hanjin asked Seaspan and others for a reduction in existing charter rates for a period of three and a half years in exchange for securities in a restructured Hanjin.
The first commercial passage of a neopanamax containership through the new locks and third lane of the canal will occur on Sunday with the 9,472-TEU COSCO Panama.
Ocean carriers should "embrace the obvious solution" terminal operators can offer to ensure compliance with the International Maritime Organization's new verified gross mass regulations, says Federal Maritime Commission Chairman Mario Cordero.