A train carrying hazardous materials derailed Saturday morning in Montana, causing a bridge to collapse and sending multiple rail cars into the Yellowstone River. The incident occurred around 6 a.m. local time near Columbus, Montana, in Stillwater County, local officials said. Eight tanker cars were damaged and were leaking petroleum products near the Yellowstone River,…
A Florida man faces multiple federal charges for allegedly operating a $100 million Ponzi scheme through his over-the-road trucking company, Royal Bengal Logistics Inc. Sanjay Singh Sanjay Singh, 43, of Coral Springs, Florida, is accused of conspiracy to commit wire fraud, wire fraud and engaging in transactions in unlawful proceeds, according to the U.S. Department…
An investigation is underway after an early morning fire on Friday damaged multiple trucks at the Phoenix headquarters of electric truck manufacturer Nikola Corp. The incident, which was first reported just before 5 a.m. MT, caused damage to five electric trucks, according to a CNN report. In a tweet, the electric truck startup called the…
Jason Cox, national representative of the Transportation Communications Union, testified at the National Transportation Safety Board’s hearing Friday on the Norfolk Southern train derailment in East Palestine, Ohio, that a suspect freight car had not been inspected as it traveled through the state on Feb. 3. A wheel bearing on that freight car is believed…
If the stock market undervalues an industry like shipping for too long, fewer large companies do IPOs and more large-cap companies that are already public go private. On the other end of the size spectrum, some microcap companies effectively disregard their stock price, raising cash by repeatedly selling discounted shares and warrants even when they’re…