Following a container fire at the ports of Los Angeles and Long Beach, the Coast Guard collaborated with port partners to identify shipping containers containing undeclared hazardous materials. On March 4, around 8:20 p.m. PST, watchstanders at Coast Guard Sector Los Angeles-Long Beach received a report of a burning shipping...
FreightCar America sees opportunity in continued high scrapping levels in 2022
Scrapping railcar levels are expected to remain elevated in 2022, which should benefit railcar manufacturer FreightCar America this year, according to company executives during the company's fourth-quarter 2021 earnings call. "Since 2020, annual railcar scrapping figures have outpaced deliveries and historical replacement demand as customers retire older and less efficient...
The US advises against assisting Russian aircraft in returning home
The US administration identified more than 85 Russian aircraft, including a dozen freighters, that had returned to Russia to avoid sanctions imposed following Ukraine's invasion, and warned that corporations facilitating such flights face secondary sanctions for breaking export restrictions. In addition to closing American airspace to Russian planes on March...