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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, 2024

CN 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, 2024

Belgian 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, 2024

Miners 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, 2024

29 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, 2024

China’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, 2024

Key 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, 2024

US 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, 2024

Trudeau Tells Railways, Union to Reach Deal to Avoid Strike

Prime Minister Justin Trudeau is urging Canada’s two largest railways and unionized workers to reach a deal to avert a strike that businesses warn will cause significant harm to the economy.

August 21, 2024