A law firm specializing in stockholder rights is filing a class-action lawsuit against Norfolk Southern for pursuing precision scheduled railroading (PSR) and making operational adjustments such as longer trains and head count reductions. The fallout from the Feb. 3 derailment of an NS train in East Palestine, Ohio, has also led to falling stock prices…
Two congressional representatives from Ohio have introduced their own rail safety bill that excludes a train crew size requirement. The bill, Reducing Accidents in Locomotives Act, or RAIL Act, calls for the promulgation of new rules that are based off of the findings of the National Transportation Safety Board’s investigation of the Feb. 3 derailment…
WASHINGTON — A new rule requiring ocean carriers to refund importers and exporters for illegal overcharges and potentially for other violations of the U.S. Shipping Act will go into effect next month. The changes, set out in a final rule scheduled to be published by the Federal Maritime Commission on Monday, are in the form…
Historic rainfall in California will alter the typical harvesting schedule this year. Some crops will be gathered later than expected and some yields will be unusually weak. Massive flooding is preventing workers from harvesting lettuce, strawberries and other plants right now, particularly in central California. Workers have also been unable to plant crops like tomatoes,…
The losing streak continues for the Port of Los Angeles. It relinquished its long-held title as America’s busiest container gateway last year, surpassed by the Port of New York and New Jersey. It has now fallen to No. 3, eclipsed, at least temporarily, by neighboring Long Beach. Los Angeles had expected its numbers to be…