LOCAL PORT NEWS

  • Norfolk Southern files suit over oil shipment records

    WASHINGTONNorfolk Southern Corp. has sued the state of Maryland to stop the public release of information about shipments of crude oil by rail.

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  • Norfolk Southern 2Q profit rises 21 percent

    Riding a rebound in rail shipments after a harsh winter, Norfolk Southern Corp. enjoyed record profits in the second quarter.The Norfolk-based railroad said Wednesday that its net income for the quarter surged 21 percent from the year before, to $562 million. That worked out to a profit of $1.79 a share, which was 5 cents higher than the consensus of analysts surveyed by FactSet.

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  • Norfolk Southern raises dividend to 57 cents

    NEW YORKRailroad operator Norfolk Southern said Tuesday it is raising its quarterly dividend to 57 cents from 54 cents.Norfolk Southern Corp. will pay its next dividend on Sept. 10 to shareholders of record on Aug. 1.The Norfolk, Virginia, company is scheduled to report its second-quarter results before the market opens on Wednesday.

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  • APM facility in Portsmouth to be sold, executive says

    PORTSMOUTHJust seven years after it opened and only four years after it wasleased to the Virginia Port Authority, APM Terminals' state-of-the-artPortsmouth facility is about to be sold.

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  • One option for port authority: $10M treasury loan

    NORFOLKIn hard times like these, it's a deal a lot of people might want.Picture being able to borrow a few thousand bucks for mortgage or car payments you're struggling to make, drawing on a one-year loan with an interest rate of about 2 percent.

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US & INTERNATIONAL

  • Shortage of drivers may spark higher peak-season truck rates

    From the Journal of Commerce: Over-the-road shippers worried about peak-season capacity this fall need to focus on the front of the truck, not the back. There will be trailers available ready to receive freight, and enough trucks to pull them. What may be missing is the key ingredient in truck capacity: the driver. The escalating [...]

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  • Port of Tacoma executive asking railroad for better service

    Two to three 100-car crude oil unit trains a day now arrive in the Pacific Northwest daily. That number, say researchers, is likely to increase geometrically as more rail crude-oil terminals are built here.The Port of Tacoma’s chief executive officer , John Wolfe, Wednesday was on a pilgrimage to Burlington Northern Santa Fe LLC’s [...]

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  • U.S. blacklists North Korea shipping firms over arms shipments

    The ship, Chong Chon Gang, was discovered last July near the Panama Canal hiding a large amount of arms, including two MiG-21 jet fighters under 200,000 bags of sugar, which the United States said showed a clear attempt to circumvent U.N. and U.S. sanctions against North Korea.The United States on Wednesday blacklisted two North [...]

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  • Sheriff’s letter on longshore union lockout is a must-read

    Should public law enforcement provide private security for an overseas corporation that’s locked out local union workers? Longshore and Shipping News readers know the answer, but at last, here’s a rational message from law enforcement on the matter. Excerpts from The Columbian, followed by Clark County Sheriff Garry Lucas’ letter in its entirety:

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  • Port of Newport elects new board president

    The Port of Newport Board of Commissioners has elected a new slate of officers: Walter Chuck, replaces longtime president JoAnn Barton; Dean Fleck will serve at vice president, replacing David Jincks; and Ken Brown, appointed last January, is the new secretary-treasurer, replacing Chuck. Chuck was appointed in 2011 and elected two years later to a [...]

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