The partial closure of the world’s third-busiest container port is worsening congestion at other major Chinese ports, as ships divert from Ningbo amid uncertainty over how long virus control measures in the city will last.
August 18, 2021Search
Showing 10 of 3656 results
KCS Delays Vote on $33.6 Billion Rail Takeover Bid
A shareholder vote on the proposed $33.6 billion acquisition of Kansas City Southern by Canadian National Railway has been delayed until Sept. 3 to provide time for government officials to rule on whether CN can operate KCS while the deal is under federal review.
August 18, 2021Americans Spent Less in July as COVID-19 Cases Surged
NEW YORK — Americans cut back on their spending in July as a surge in COVID-19 cases kept people away from stores.
August 17, 2021Containership Bottleneck Nears Its February Record
The biggest U.S. trade gateway with Asia is clogged with the most inbound container vessels in more than six months, threatening to extend transportation delays, bite further into margins for American importers and boost prices for consumers.
August 16, 2021Kansas City Southern Rejects New Bid From Canadian Pacific
OMAHA, Neb. — Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week.
August 13, 2021China’s Port Shutdown Raises Fears of Closures Worldwide
A COVID outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last year’s shipping nightmares.
August 13, 2021FMCSA to Streamline Household Goods Moving Regulations
The Federal Motor Carrier Safety Administration has announced plans to update regulations for transportation of household goods to reduce costs for movers and mitigate the growing problem of fraud in consumer moves.
August 11, 2021Railroad Bidding War Back On: CP Ups Bid for KCS
NEW YORK — Canadian Pacific has upped its offer for Kansas City Southern to approximately $31 billion, potentially reigniting a bidding war with rival railroad Canadian National.
August 10, 2021Grant Approved for Norfolk Terminal Rail Expansion
Virginia's Commonwealth Transportation Board recently approved a $450,000 grant for Norfolk Terminal LP that will be used to improve goods movement at the facility.
July 28, 2021US, Mexico Fail to Resolve Trade Dispute for Cars
The U.S. and Mexico failed to resolve a dispute over trade rules for cars during a meeting this week, threatening the goal of boosting regional manufacturing under their new trade pact.
July 23, 2021