In Baltimore bridge collapse, shippers left on hook for cargo pickup

In Baltimore bridge collapse, shippers left on hook for cargo pickup

Ocean carriers are declaring “force majeure” due to the Baltimore port bridge crisis, telling logistics companies and U.S. shippers including retailers that once cargo is dropped off at alternate ports, it becomes their responsibility to pick up. In an alert to customers Tuesday, CMA CGM wrote, “Those (containers) on the water will be discharged at … Read more

Feds sue to seize New York apartments in alleged Mongolia scheme

Feds sue to seize New York apartments in alleged Mongolia scheme

Batbold Sukhbaatar of Mongolia addresses the Millennium Development Goals Summit at the United Nations headquarters in New York, September 22, 2010. Emmanuel Dunand | AFP | Getty Images Federal prosecutors on Tuesday sued to seize two New York City apartments worth $14 million that were allegedly bought with proceeds from a corrupt scheme involving Mongolia’s … Read more

Trump hit with gag order in New York hush money case after slamming judge

Trump hit with gag order in New York hush money case after slamming judge

Former U.S. President Donald Trump speaks from the hallway outside a courtroom where he is attending a hearing in his criminal case on charges stemming from hush money paid to a porn star, in New York City on March 25, 2024. Brendan Mcdermid | Reuters A judge on Tuesday imposed a limited gag order on … Read more

Logistics companies scramble after bridge collapse closes Port of Baltimore

Logistics companies scramble after bridge collapse closes Port of Baltimore

The steel frame of the Francis Scott Key Bridge sits on top of the container ship Dali after the bridge collapsed, Baltimore, Maryland, on March 26, 2024.  Roberto Schmidt | Afp | Getty Images Logistics companies up and down the East Coast were urgently relaying messages back and forth to clients Tuesday on the status … Read more

Hyundai’s Genesis previews all-electric SUV concept, the Neolun

Hyundai’s Genesis previews all-electric SUV concept, the Neolun

Genesis Neolun Concept Genesis NEW YORK – Hyundai’s Genesis is previewing the future of the growingly prominent luxury brand with a new large all-electric concept vehicle called the Neolun. The full-size SUV features a sleek exterior design illuminated by long horizontal headlights and taillights reminiscent of the brand’s current EVs, though more modern. The interior … Read more

Trump Media stock ticker DJT debuts after DWAC merger

Trump Media stock ticker DJT debuts after DWAC merger

In this photo illustration a smartphone screen displays the logo of Donald Trump’s Truth Social app March 25 2024 in Bath, England.  Anna Barclay | Getty Images This old stock ticker DJT is new again for Donald Trump’s social media company. Trump Media & Technology Group is set to begin trading Tuesday on the NASDAQ … Read more

A ‘feeble’ Trump is ‘lying about having money’

A ‘feeble’ Trump is ‘lying about having money’

Former U.S. President Donald Trump speaks from the hallway outside a courtroom where he attended a hearing in his criminal case on charges stemming from hush money paid to a porn star in New York City, U.S., March 25, 2024.  Brendan Mcdermid | Reuters A court ruling that slashed Donald Trump’s civil fraud appeal bond … Read more

Judge Denies Trump’s Bid To Delay Hush Money Trial

Judge Denies Trump’s Bid To Delay Hush Money Trial

NEW YORK — A New York state judge ruled Monday that the criminal trial against former President Donald Trump stemming from a hush money payment he allegedly made to a porn actor can proceed, denying Trump’s request to have the case delayed further or altogether dismissed. Trump, the presumptive Republican nominee for president, sat alongside … Read more

Feds raid Sean Combs properties in LA, Miami on New York warrants

Feds raid Sean Combs properties in LA, Miami on New York warrants

Sean “Diddy” Combs attends Sean “Diddy” Combs Fulfills $1 Million Pledge To Howard University At Howard Homecoming – Yardfest at Howard University on October 20, 2023 in Washington, DC. Shareif Ziyadat | Getty Images Federal agents on Monday raided homes owned by hip-hop music mogul Sean Combs in Los Angeles and Miami, NBC News reported, … Read more

A trucking strategy that boomed during pandemic shocks is hot again

A trucking strategy that boomed during pandemic shocks is hot again

Containers are loaded from freight trains onto trucks.  Picture Alliance | Picture Alliance | Getty Images A logistics strategy called transloading, used by trucking companies during the pandemic to ease the container backlog, is increasing in popularity again after U.S. West Coast ports have started to receive higher volumes of containers that are being diverted … Read more