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Logistics News
Business, Logistics

Truckers Face Wide-Ranging Challenges From Stranded Hanjin Freight

Truckers who are being challenged on multiple fronts by bankrupt Hanjin Shipping’s stranded cargo that they already have are facing additional obstacles as U.S. ports take a variety of approaches to accepting or releasing the Korean carrier’s goods that are on the docks or afloat nearby.

Rip Watson | Special to Transport Topics
September 2, 2016
Business, Logistics

Hanjin Ships Get Stranded in High Seas, Roiling Supply Chain

Hanjin Shipping Co.’s vessels are getting stranded at sea after the South Korean container mover filed for court protection, roiling the supply chain of televisions and consumer goods ahead of the holiday season.

Kyunghee Park | Bloomberg News
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James Nash | Bloomberg News
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September 1, 2016
Business, Logistics

Hanjin Shipping Files for Court Protection After Revamp Rejected

Hanjin Shipping Co. applied for court protection Aug. 31 after failed efforts to secure credit and tide over a cash shortage.

August 31, 2016
Business, Logistics

Distressed Hanjin Shipping Co. Becomes Symbol of Industry in Pain

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.

August 31, 2016
Business, Logistics

Seventh Largest Container Shipping Company One Step Closer to Bankruptcy

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.

August 30, 2016
Business, Logistics

NFI Will Pay $1 Million to Settle Overtime Probe

National Freight Inc. will pay about $1 million to settle a Labor Department investigation that concluded the New Jersey-based warehouse and distribution company didn't pay 357 driver dispatchers and yard spotters for overtime, the DOL announced.

August 26, 2016
Business, Equipment, Logistics, Fuel

Exxon to Introduce New Engine Oils on Website

ExxonMobil said it will introduce the new product line and details of its Mobil Delvac-branded CK-4 and FA-4 commercial vehicle engine oils on its website, mobildelvac.com on Sept. 20.

August 26, 2016
Logistics

Former Norfolk Southern CEO Named President of Amtrak

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

August 19, 2016
Business, Logistics

Maersk Exploring All Options as Report Points to 2-Way Split

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.

August 19, 2016
Business, Logistics

Proposed Florida Freight Zone Gets Thumbs-Up From County Planning Organization

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.

Tom Palmer | The Ledger (Lakeland, Fla.)
August 18, 2016
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