CVC and DSV Compete in $15.6B Bid for DB Schenker Unit
Deutsche Bahn is currently evaluating the final offers and needs to discuss with the government on CVC’s proposal.
August 23, 2024CPKC, CN Prepare to Restart After Labor Dispute Intervention
Canada’s two largest railways are preparing to restart operations after the country's government stepped in to try to end a labor dispute that has halted freight movement.
August 23, 2024CN Will End Its Lockout Immediately, Rail Official Says
TORONTO — CN is ending its lockout immediately and moving forward with a plan to get its trains moving again following an order to enter forced arbitration with its union, a rail official says.
August 22, 2024Belgian Firm Opens Georgia Logistics Site for Equipment
Belgium’s Aertssen Logistics has opened a North American hub near the Port of Savannah in Georgia for agriculture, mining and construction machinery on a 35-acre site.
August 22, 2024Miners Tap Trucks to Sidestep Canada's Rail Stoppage
Two mining giants are rerouting shipments and turning to trucks to deal with disruptions from a Canadian railway stoppage that threatens to undermine the industry’s operations.
August 22, 202429 Mariners Rescued From Oil Tanker Hit in Red Sea Attacks
DUBAI, United Arab Emirates — A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack in the Red Sea, officials said Aug. 22.
August 22, 2024China’s WeRide Delays US IPO Just as Deadline Nears
WeRide Inc. has postponed its plan for a U.S. initial public offering, according to people with knowledge of the matter, days before Chinese regulatory approval lapses.
August 22, 2024Key Bridge Collapse Spurs $5M Small Business Grant Fund
A $5 million grant program aimed at supporting Baltimore-area small businesses hit hard by the collapse of the Francis Scott Key Bridge launched Aug. 21.
August 22, 2024US Shippers Scramble as Canadian Rail Shutdown Hits Freight
Importers and exporters are left with few options as a near-total rail shutdown in Canada risks delaying ocean shipments, spiking freight costs and straining the busiest U.S. ports.
August 22, 2024CN and CPKC Initiate Lockout After Labor Talks Fail
The Canadian railway system has been struck with two major work stoppages amid failed labor negotiations Aug. 22.
August 22, 2024