FASA

At least four people were killed and dozens more were injured Tuesday afternoon when a CSX train slammed into a charter bus full of tourists that had gotten stuck on a railroad crossing with a low ground clearance.

Israeli ocean carrier ZIM Integrated Shipping Services has nominated Eli Glickman to serve as its next president and chief executive officer following the departure of long-time CEO Rafi Danieli, the company said in a statement.

Hamburg shipowner Claus-Peter Offen will take over 100 percent of the Conti Group’s shares as well as most of its shares in in technical ship manager Bremer Bereederungsgesellschaft.

The partnership between third-party logistics provider Kuehne + Nagel and the international airline will include air-side locations and airplane parts transport through 2020.

In an industry first, the vessel sharing agreement between Hapag-Lloyd, Yang Ming, NYK, MOL and “K” Line, also established an independent trustee to manage funds to be used in the event one of the carriers within the group becomes insolvent.

Robert Lighthizer will testify before the Senate Finance Committee next week regarding his nomination to become the latest U.S. Trade Representative.

The port attributed the 11.2 percent year-over-year decline in February’s container volumes to reduced economic activity in Asia associated with the Lunar New Year.

Georgia Ports Authority and Maher Terminals, which operates the largest terminal at the Port of New York and New Jersey, have been granted approval to foreclose on Hanjin’s shipping containers and sell them.

Federal Maritime Commission Acting Chairman Michael Khouri said the change will eliminate requirements that were obstacles to efficiency and added unnecessary costs.

TradeTracker is a new web app from the Adam Smith Project that allows trade professionals to quickly sort through government actions affecting their business.