Add the state of Ohio to the growing list of those suing Norfolk Southern over the Feb. 3 train derailment in East Palestine. Ohio Attorney General Dave Yost said the state is filing a lawsuit in the U.S. district court in Columbus in order “to hold Norfolk Southern financially responsible” for the train derailment, which…
Publicly traded cargo airline Atlas Air said Tuesday the Department of Transportation has signed off on its sale to private investors and that it expects to finalize the deal Friday. A private equity consortium led by Apollo Global Management (NYSE: APO) agreed in early August to buy Atlas Air Worldwide Holdings (NASDAQ: AAWW) for $5.2…
HOUSTON — The new CEO of hydrogen fuel cell maker Hyzon didn’t sound like a man running a company whose future is in doubt. In an interview with FreightWaves at the CERAWeek by S&P Global conference here, Parker Meeks deferred questions about current issues Hyzon (NASDAQ: HYZN) is facing over its low stock price and…
“Walkout Wednesday” is the latest coordinated labor strike in the United Kingdom and both sides are using inflation as the reason for their respective defenses. On the labor side, the wage increase offer is not enough to offset the inflationary pressures impacting its pocketbooks. On the employer side, it doesn’t want to increase wages any…
Despite the headwinds of inflation, rising interest rates and high warehouse inventories, the Georgia Ports Authority said it had its second-busiest February ever. February container volumes totaled nearly 395,000 twenty-foot equivalent units, down from 460,400 TEUs in February 2022 but still 30,400 TEUs higher than pre-pandemic February 2020, GPA said Tuesday. However, February’s volumes of…