The owner and operator of the Dali, the cargo ship that struck the Francis Scott Key Bridge in Baltimore, are asking a federal court to limit their liability in the disaster that collapsed the bridge and killed six people. Grace Ocean, the owner of the Singapore-flagged Dali, and Synergy Marine, the manager of the ship,…
WASHINGTON — Large freight railroads will have to undergo a rigorous approval process if they want to streamline operations down to one-person train crews. The new requirement is part of the Federal Railroad Administration’s final rule announced on Tuesday mandating a two-person crew minimum on trains operated by Class 1 railroads unless a railroad can…
A 70-year-old California-based less-than-truckload carrier ceased operations Thursday, leaving over 170 truck drivers, warehouse workers and office personnel without jobs, paychecks and paid time off (PTO). The formerly family-owned company, Tony’s Express, headquartered in Fontana, had 87 drivers and 42 power units at the time of its closure, according to the Federal Motor Carrier Safety…
The detailed finances of short-line rail operator Genesee & Wyoming (G&W) haven’t been available since it was bought by an infrastructure-focused investment firm in 2019. But G&W has publicly traded debt, and that means rating agencies issue reports on certain aspects of its finances. And last week, in a report that is almost two reports…
Managed transportation provider Sheer Logistics announced Tuesday it has acquired freight brokerage CargoBarn. The strategic move enhances Sheer Logistics’ brokerage services, diversifying the type of freight in its portfolio. The acquisition aims to strengthen the company’s ability to handle future cyclical market shifts. Terms of the acquisition were not disclosed. “We see this as a…