An activist investment firm failed to replace the railroad’s top executive and all its directors, but did win three seats on its board.
Category: Freight (Cargo)
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Norfolk Southern Faces Activist Investor Challenge
A year after a derailment in Ohio raised questions about rail safety, an investment firm is seeking to install new management in an effort to increase profits.
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Maersk Says Expanded Houthi Attacks Are Forcing More Delays
The shipping company said the militia had recently tried to attack ships further from the shores of Yemen, putting more strain on logistics.
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U.S. Finalizes Rule Requiring Two-Person Crews on Freight Trains
The regulation ensures that the nation’s largest freight railroads will not be able to reduce the number of workers aboard their trains from today’s status quo.
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Baltimore Bridge Collapse Shows Fragility of Global Trade
The destruction of a Baltimore bridge has crippled a busy port, adding to the strains confronting the global supply chain.
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Baltimore Bridge Collapse Creates Upheaval at Largest U.S. Port for Car Trade
A bridge collapse closed Baltimore’s port, an important trade hub that ranks first in the nation by the volume of automobiles and light trucks it handles.
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In France, the Future Is Arriving on a Barge
The Seine is becoming a test case for a European plan to cut carbon emissions by turning rivers into the new highways.
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In France, the Future Is Arriving on a Barge
The Seine is becoming a test case for a European plan to cut carbon emissions by turning rivers into the new highways.
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New Freighters Could Ease Red Sea Cargo Disruptions
Analysts and shipping executives say the expect costs to fall later this year as companies receive vessels they ordered two to three years ago.
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Biden Hardens Protection Against Cybersecurity Threats to Ports
An executive order expands powers to the Department of Homeland Security amid increased fears of a conflict with China.