Wallenius Wilhelmsen ASA, one of the largest car shipping companies, said it expects a $5 million to $10 million hit to its earnings from the Baltimore bridge disaster.
April 3, 2024No rankings are available for this year.
Extras
Car Shipper Takes $10 Million Hit From Bridge Collapse
Port of Laredo Cargo Is Big Winner in Biden’s New I-27 Law
Boosting U.S.-Mexico cargo movements through the Port of Laredo will be a key outcome of President Joe Biden’s recent enactment of a new law designating a future Interstate 27.
Second Channel Opens at Baltimore Bridge Site
BALTIMORE — Crews opened a second temporary channel April 2 allowing a limited amount of marine traffic to bypass the wreckage of Baltimore’s collapsed Francis Scott Key Bridge.
Freight Railroads Must Keep Two-Person Crews
Major freight railroads will have to maintain two-person crews on most routes under a new federal rule that was finalized April 2.
Cargo Ship Owner Seeks $44 Million Liability Limit
The owner of the ship that rammed a bridge in Baltimore, killing six workers and disrupting the eastern U.S. transportation network, is seeking to limit its liability to about $43.7 million.
Ontario Adds Truck Parking in Largest Rest Area Expansion
Canada’s Ontario province has embarked on an ambitious plan to help truckers by adding 165 parking spaces while upgrading 14 rest area sites and adding 10 along its highways.
Landmark Ceramics to Invest $72 Million in Tennessee Logistics Hub
Landmark Ceramics will invest $72 million to expand its tile production near Nashville, Tenn., by creating a new logistics hub with advanced technology to enhance distribution operations.
East Coast Ports Scramble to Absorb Cargo
East Coast ports are modifying their operations to absorb cargo diverted from Baltimore harbor, where salvage specialists are starting to clear debris from the Francis Scott Key Bridge.
Alternate Channel Opens at Baltimore Bridge Site
BALTIMORE — The U.S. Coast Guard has opened a temporary, alternate channel for commercially essential vessels near the fallen Francis Scott Key Bridge in Baltimore.
UPS to Become the Primary Air Cargo Provider for USPS
UPS will become the primary air cargo provider for the United States Postal Service after FedEx said it wasn’t able to reach an agreement on mutually beneficial terms to extend its contract.