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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Federal Maritime Commission Chairman Mario Cordero said one of the items that has been on his agenda since becoming chairman in 2013 is to have a better funded and better resourced Federal Maritime Commission.
The 19 ocean carrier members of the Ocean Carrier Equipment Management Association are collaborating with six U.S. ports to establish a harmonized container weighing process.
Ocean carriers are coming around to the idea that being part of an alliance could save them money and help them offer shippers a greater variety of routes, something airlines have long known, according to Bloomberg Gadlfy columnist Chris Bryant.