91��Ƶ

Hanjin Shipping Co., the distressed Korean container mover that filed for court protection Aug. 31, is emerging as a symbol of the slump that has plagued the industry since the global financial crisis.

SEOUL — Hanjin Shipping Co.'s banks are halting support for the South Korean company, its lead creditor said, making it likely the nation's largest shipper is headed for bankruptcy as it is dragged down by a deep global industry downturn.

Amtrak appointed Charles “Wick” Moorman, former CEO of Norfolk Southern Corp., as its new president, effective Sept. 1, to succeed the retiring Joe Boardman.

A.P. Moeller-Maersk A/S said it's still considering several options in its strategic review after a local newspaper reported that the Danish conglomerate was exploring a two-way split into an energy and a transport company.

BARTOW, Fla. — A proposed freight logistics zone stretching from the Port of Tampa to Lake Wales won an endorsement on Aug. 18 from Polk's Transportation Planning Organization.

XPO Logistics has priced $1.64 billion in refinancing of its existing term loan, as part of an effort to improve cash flow by reducing annual interest costs by about $40 million.

It's a sign of stunted investor expectations when an 89% slide in quarterly profit triggers a 3% share price jump.

Railroad operators around the country got a boost from federal regulators in their efforts to implement the automatic braking system known as positive train control.