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Norfolk Southern Q4 Profit Down 33%, Derailment Costs Rising

Norfolk Southern’s Q4 profit fell 33% due to the ever-growing costs of the cleanup of last year’s derailment in eastern Ohio, but the railroad did deliver 3% more shipments in the quarter.

January 26, 2024

Union Pacific Profit Up 1% in Q4 as Deliveries Rise

OMAHA, Neb. — Union Pacific’s fourth-quarter profit crept up 1% as the railroad delivered more fertilizer, imported goods and vehicles.

January 25, 2024

Amazon Fined in France for Employee Monitoring in Warehouses

France’s privacy watchdog said Jan. 23 that it hit Amazon’s warehouse unit with a $35 million fine for using an “excessively intrusive system” to monitor worker performance and activity.

January 23, 2024

Red Sea Chaos Starting to Impair Profits Across Industries

With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply chain strains show up in companies’ earnings reports.

January 23, 2024

Boeing Cargo Plane Makes Emergency Landing at Miami Airport

MIAMI — A witness saw sparks shooting from a cargo plane as it made an emergency landing at Miami International Airport shortly after takeoff.

January 19, 2024

Red Sea Attacks Disrupt Food Trade, Risk Higher Grocery Costs

Chaos in the Red Sea is starting to disrupt shipments of produce from coffee to fruit — and threatening to halt a slowdown in food inflation that brought some relief to strained consumers.

January 19, 2024

States Waive HOS for Fuel Deliveries Amid Severe Weather

Governors from several states have issued emergency proclamations waiving federal hours-of-service requirements for truckers carrying fuel, to prevent shortages in extreme weather.

January 18, 2024

Shipping CEOs See No Short-Term End to Red Sea Disruptions

The CEOs of two leading freight carriers said they expect Red Sea threats to disrupt shipping for weeks or months longer.

January 17, 2024

Global LNG Fleet Avoiding Red Sea With More Tankers Diverted

The global LNG tanker fleets appear to have stopped using the Red Sea and Suez Canal, as continued Houthi attacks on ships reroute flows of the power-station and heating fuel.

January 17, 2024

US Calls Houthi Shipping Threat an ‘All Hands on Deck’ Issue

The U.S. launched a new strike against the Yemen-based Houthis on Jan. 16, hitting anti-ship missiles in the third assault on the Iranian-backed group in recent days, the U.S. military said.

January 16, 2024