Don’t equate ‘normal’ ocean shipping market to stability: analyst

Legislation now in Congress would put commercial shipping under the oversight of the US Clean Air Act and set increasing targets for cutting carbon dioxide emissions.

Cargo handling was back to normal Thursday in Los Angeles and Long Beach for the first time in a week, but the ports are now struggling with a large vessel backlog after not having sufficient longshore labor.

Yellow claims its ability to "continue as a going concern" is being impaired by Teamster opposition to its restructuring.