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.
Registration takes less than 1 minute.
Although some shippers are hesitant on using foreign trade zones (FTZs) due to compliance burdens, the benefits of FTZs may be worth the effort.
The Floridian port is ready to launch a second round of investment - this time with the goal of increasing capacity and service levels within the container yard.
Members of the planned ocean carrier alliance – Hapag-Lloyd, Yang Ming, NYK, MOL and “K” Line – said they plan to offer 31 services, utilizing 240 vessels to call over 75 ports.