Latest Transportation and shipping News
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
It's among the world's busiest container shipping routes — a stream of vessels packed with furniture, automobiles, clothing and other goods, traversing the Pacific between Los Angeles and Shanghai. If plans succeed, this corridor will become a showcase for slashing planet-warming...
Swedish online fashion retailer blocks 42,000 customers for returning too many purchased items
STOCKHOLM (AP) — Sweden-based online fashion retailer Boozt AB said Thursday it has blocked 42,000 customers for returning too many items they had purchased, calling their actions too costly for the company and the environment. Ask Kirkeskov Riis, a spokesman for multibrand online...
Shipping lobby group advises caution on climate targets
An influential shipping industry group has quietly warned shippers to think carefully before they sign up for a new plan to reduce pollution and eventually eliminate their contribution to climate change. The International Chamber of Shipping represents four fifths of the world’s...
Norfolk Southern estimates Ohio derailment will cost $387M
OMAHA, Neb. (AP) — Norfolk Southern expects February's fiery Ohio derailment to cost it $387 million, but that total will likely increase over time and that doesn't reflect how much the railroad's insurance companies will eventually cover. The railroad provided a detailed estimate...
Unions say rails should forgo buybacks, spend on safety
OMAHA, Neb. (AP) — Rail unions want railroads to take some of the billions they're using every year to buy back their stock and spend it to improve safety in the wake of several high-profile derailments and hire more workers. The 12 unions that represent all of the more than...
CSX railroad's 1Q profit jumps 15% on higher rates
OMAHA, Neb. (AP) — CSX hauled in 15% more profit in the first quarter as the railroad's higher rates and fuel surcharges offset its higher costs. The Jacksonville, Florida-based railroad said Thursday that it earned $987 million, or 48 cents per share. That's up from $859 million,...
Union Pacific's 1Q profit flat as inflation drives costs up
OMAHA, Neb. (AP) — Union Pacific railroad delivered flat profit in the first quarter as weather slowed trains across the western United States and inflation drove costs up, but executives are optimistic about their ability to handle all the goods companies want to ship the rest of the year as...
Hungary adds honey, other products to Ukraine import ban
BUDAPEST, Hungary (AP) — Hungary will add honey and certain meat products to a list of food items it has temporarily banned from being imported from Ukraine in an effort to relieve market pressures on Hungarian farmers, a government minister said Thursday. Along with honey and...
Shadowy brokers walk off with billions in Venezuelan oil
CARACAS, Venezuela (AP) — One startup lists as its address a small home in a working-class district in Venezuela's capital whose owner has never heard of the firm. Another is a Hong Kong-based shell company created in 2020. Yet another belongs to a Spanish commodities trader indicted in the U.S....
Editorial Roundup: Kansas
Kansas City Star. March 16, 2023. Editorial: Kansas ‘school choice’ plan is a money transfer from rural taxpayers to urban families The Kansas House of Representatives wants to give your tax dollars to well-off families so that they can put their kids in private...
