More than a million barrels of oil on a tanker off the coast of Yemen were transferred to another ship bought by the United Nations. But now a new hurdle looms: Who owns the recovered oil?
Category: Freight (Cargo)
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A Trucking Giant Is Bankrupt, and Finger-Pointing Begins
Yellow, which received billions in federal pandemic aid, failed after being a laggard for years in a part of the industry where rivals are doing well.
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Berkshire Hathaway Posts Quarterly Profit of Nearly $36 Billion
A rebound in performance at the Geico car insurer helped offset declines in the conglomerate’s freight railroad business.
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Blocked Rail Crossings Snarl Towns, but Congress Won’t Act
The industry has used its muscle to prevent federal, state and local governments from penalizing companies that park freight trains across roads for hours or days.
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When Trains Block a Road, Local Officials Have Few Options
The federal government has begun offering $3 billion for bridges and tunnels, but many local governments say they cannot take advantage of the money.
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Yellow Trucking Company May Be Headed Toward Bankruptcy
Three years after receiving a pandemic relief loan, the trucking company Yellow has repaid little of the money and is warning that it could soon run out of cash.
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Why Amazon’s Delivery Network Is Vulnerable to Labor Strife
For years, the e-commerce giant could shield its vast archipelago of warehouses against disruptions from workers. Then it got even bigger.
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Norfolk Southern’s Push for Profits Compromised Safety, Workers Say
Federal officials are investigating the railroad’s safety practices and culture after the derailment in East Palestine, Ohio, and worker deaths.
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A Big Rover Aims to Be Like ‘U.P.S. for the Moon’
A small company, Astrolab, announced a deal with SpaceX to send a robotic version of its transport vehicle to the lunar surface and help deploy other company’s payloads.
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U.S. Approves a Merger Between Two Big North American Railroads
Canadian Pacific’s acquisition of Kansas City Southern will create a railroad that links Canada, the United States and Mexico.