Barclays said claims for damage to the bridge alone could reach $1.2 billion, along with hundreds of millions of dollars for business disruption caused by the port’s closure.
The collapse of Baltimore's Francis Scott Key Bridge raises urgent questions about the vulnerability of infrastructure that keeps ships flowing through vital U.S. ports.
For all the costly hardware the U.S. and its allies have thrown at Houthi rebels, they haven’t been able to stop the attacks on freighters and warships in the Red Sea.
The FAST PASS Act would mandate the secretary of transportation to study how critical cargo can be expedited in emergencies like hurricanes and pandemics.
The U.S. Department of the Treasury claims that a vessel
owned by Vishnu Inc. has been involved in "illicit shipments" to China, in support of Iran-backed Houthis.
For Boeing board chair Larry Kellner and other board members, the initiative will provide unfiltered feedback from some of the largest airlines in the world.