The collapse of Hanjin Shipping will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers.
September 9, 2016BusinessLogistics
CSX Says Third-Quarter Earnings Will Decline
CSX Corp. has announced that third-quarter earnings will trail both the 2015 period and second quarter profit because freight volumes have slumped.
September 8, 2016BusinessLogistics
Hanjin Bankruptcy Could Affect US Holiday Sales
Troubled South Korean firm Hanjin Shipping has been granted temporary bankruptcy protection in the United States.
September 8, 2016BusinessLogistics
Port of Virginia Announces New Restrictions in Wake of Hanjin Bankruptcy
The impact of the bankruptcy filing by South Korean ocean carrier Hanjin Shipping Co. continues to be felt in Hampton Roads.
September 7, 2016BusinessLogistics
Hanjin鈥檚 Ghost Ships Seek Havens as Food, Water Start to Dwindle
South Korea鈥檚 cash-strapped Hanjin Shipping Co. is adrift at sea 鈥 and in more ways than one.
September 6, 2016BusinessLogistics
Officials Call For Action on Cargo Delivery Crisis at Ports of Los Angeles, Long Beach
Politicians gathered at the Port of Long Beach on聽Sept. 4聽to call for the flow of cargo to Southern California to resume, days after the bankruptcy of one of the world鈥檚 largest shipping lines disrupted the global supply chain.
September 6, 2016BusinessLogistics
Hanjin Group to Provide $90 Million in Aid to Shipping Line
Hanjin Shipping Co.鈥檚 owner will provide聽$90 million (100 billion won)聽 as part of efforts to contain disruptions to the global supply chain stemming from the container line鈥檚 court-receivership filing.
September 6, 2016PerspectiveBusinessGovernmentEquipmentSafetyLogisticsAutonomous
Opinion: Jake Brakes Keep Drivers Safe on Steep Roads
You can鈥檛 work in the trucking industry for long without realizing the interconnectedness of the trucking world 鈥 goods with communities, roads with ports, airports and railways, regulations across international and provincial borders and municipal boundaries, you name it. Another connection may not be immediately apparent: Canada鈥檚 National Trucking Week and 鈥淛ake鈥 brakes.
September 5, 2016BusinessLogistics
Drayage Firms Look for Answers in Wake of Hanjin Shipping Bankruptcy
Trucking companies are scrambling to find answers in the wake of the Hanjin Shipping bankruptcy potentially saddling motor carriers with unreimbursed costs of $100,000 or more.
September 2, 2016BusinessLogistics
Truckers Face Wide-Ranging Challenges From Stranded Hanjin Freight
Truckers who are being challenged on multiple fronts by bankrupt Hanjin Shipping鈥檚 stranded cargo that they already have are facing additional聽obstacles聽as U.S. ports take a variety of approaches to accepting or releasing the Korean carrier鈥檚 goods that are on the docks or afloat nearby.
September 2, 2016