As Houthi rebels intensify strikes on vessels headed for the Suez Canal, global shipping prices are soaring, raising fears of product shortages and delays.
Category: Freight (Cargo)
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China’s Lust for Durian Is Creating Fortunes in Southeast Asia
Demand for the fruit, known for its rich taste and intense smell, has reshaped parts of Southeast Asia, where it has long been a staple.
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The Floating Traffic Jam That Freaked Us All Out
The coronavirus pandemic schooled the world in the essential role of global supply chains. Have we learned anything from it?
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Norfolk Southern to Pay $310 Million Settlement Over Ohio Train Derailment
The railroad company reached an agreement with the federal government to settle claims and costs from the 2023 derailment of a train carrying hazardous materials in the Ohio town.
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Norfolk Southern Investors Reject Plan to Oust Its Management
An activist investment firm failed to replace the railroad’s top executive and all its directors, but did win three seats on its board.
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Activist Ancora Wins Three Norfolk Southern Board Seats but Will Not Oust CEO
An activist investment firm failed to replace the railroad’s top executive and all its directors, but did win three seats on its board.
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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.