Regulations

Stamford, Connecticut.-based Eagle Shipping International (USA) has agreed to pay a $1,125,000 civil penalty to the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) to settle 36 violations of the Burma Sanctions Regulations. The alleged violations by the subsidiary of Eagle Bulk...

Celadon Group seeks to pay up to $900,000 total in bonuses to three executives to wind down the bankrupt company's sprawling North American transportation businesses, court filings show. While many of the details of the proposed payouts and the identities of the executives remain sealed in U.S....

Flatbed carrier TK Transport of Chute, Texas, has decided to shutter operations, citing soaring insurance costs, government regulations and a weak spot market. Tony Krause, chief executive of the 6-year-old carrier, said all but one of its drivers have returned to the yard. The remaining driver,...

The increased flow of illicit counterfeit and potentially dangerous goods entering the U.S. through the e-commerce supply chain threatens national security and public safety, according to the Department of Homeland Security (DHS). The department submitted its report, Combating Trafficking in...

"We're not saying this as any form of warning or trying to panic people," said Robert Bugbee, president of Scorpio Bulkers(NYSE: SALT), on the company's quarterly call with analysts. Still, investors could be forgiven their concern — especially after Bugbee described the plan going forward as "...

Price swings in the largest market for marine fuel are filtering down the supply chain as major ocean carriers ask customers to cover costs for using low-sulfur fuel blends. Maersk last week said in a customer advisory that ocean freight tariffs across all trade lanes will increase by $50 to $200...

A group of more than 80 trade associations representing the agricultural products industry wants the U.S. House to pass legislation that would fill the current shortfall of Customs and Border Protection (CBP) agriculture specialists at the nation's ports of entry. The 2019 Protecting America's...

After nearly three years of discordant trade talks between the U.S. and China that have stifled growth and investment in both nations while sending financial markets into a frenzy, the U.S. and China have finally reached ‘phase one' of a trade agreement. This first phase was signed by both parties...

It is difficult to keep track of all the outstanding content published on Freighwaves.com each week. Every FreightWaves article published is designed to assist our readers in becoming the most informed professionals in the transportation and logistics industry.  To make this task easier, we...

The U.S. Federal Aviation Administration on Friday said it intends to fine integrated logistics giant UPS $120,000 for shipping a consignment of lithium batteries in an unsafe manner. The decision comes on the heels of airfreight interests stepping up pressure on governments to enforce violations...

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Volvo delivers 76 new trucks to Mexican carrier; ships are checked for coronavirus at Port Manzanillo; Stabilis Energy expands in Mexico with new sales director; and...

By New Frontier Data Last week, New York Governor Andrew Cuomo presented an FY 2021 budget outline to legalize and tax adult-use cannabis in the nation's fourth-largest state and one of its cultural centers and tourist meccas. With a population of 19.5 million residents, New York in 2020...

Last week, New York Gov. Andrew Cuomo's new state budget including plans to legalize and tax adult-use cannabis. The plan would create an Office of Cannabis Management for medical, adult-use and hemp programs, including international cannabis and hemp research through the state's...

Cannabis Countdown: Top 10 Marijuana Stock News Stories of the Week Welcome to the Cannabis Countdown. In this week’s rendition, we’ll recap and countdown the top 10 marijuana stock news stories for the week of January 20th – 26th, 2020. Without further ado, let’s...

Cannabis Countdown: Top 10 Marijuana Industry News Stories of the Week Welcome to the Cannabis Countdown. In this week’s rendition, we’ll recap and countdown the top 10 marijuana industry news stories for the week of January 20th – 26th, 2020. Without further ado, let...