WASHINGTON – La Junta de Transporte Surface analizará más de cerca la propuesta de Norfolk Southern de controlar oficialmente la línea de cinturón de Norfolk y Portsmouth de Virginia Terminal. CSX le había pedido a la junta que revisara los problemas de competencia que involucran NS y NPBL. CSX y...
antitrust
STB to scrutinize NS bid to control Norfolk & Portsmouth Belt Line
WASHINGTON — The Surface Transportation Board will take a closer look at Norfolk Southern’s proposal to officially control Virginia terminal railroad Norfolk & Portsmouth Belt Line.
CSX had asked the board to review competition issues involving NS and NPBL.
CSX and NS have been locked in a legal dispute over the NPBL for six years. NS has controlled the 36-mile NPBL since 1982 by virtue of its 57% ownership stake; CSX owns the other 43% of the railroad that was created as a neutral switching...
https://www.freightwaves.com/news/stb-to-scrutinize-ns-bid-to-control-norfolk-portsmouth-belt-line
NS: CSX Virginia terminal railroad antitrust claims a ‘ghost story’
WASHINGTON — Norfolk Southern has urged the Surface Transportation Board to continue a case of regulatory housekeeping involving control of Virginia terminal railroad Norfolk & Portsmouth Belt Line.
Last month CSX told the STB that the Justice Department was probing its allegations about anticompetitive conduct involving NS and NPBL at a major Norfolk container terminal. CSX also asked the board to conduct a thorough review of competitive issues at the Norfolk International Terminal.
CSX contends...
https://www.freightwaves.com/news/ns-csx-virginia-terminal-railroad-antitrust-claims-a-ghost-story
Justice probes antitrust claims against NS, Norfolk & Portsmouth Belt Line
WASHINGTON — The Justice Department’s Antitrust Division is investigating Norfolk Southern and Virginia terminal railroad Norfolk & Portsmouth Belt Line for alleged anticompetitive conduct against CSX at a major Norfolk container terminal.
CSX, which says NPBL operates like an alter ego of NS, disclosed the investigation in a filing with the Surface Transportation Board last week.
CSX and NS have been locked in a legal dispute over the NPBL for six years. NS has controlled the 36-mile NPBL since...
MSC Disputes ‘Excessive’ Fine for Alleged Shipping Act Violations
By Brendan Murray (Bloomberg) — The world’s largest container carrier will push back against a proposed US government fine that would rank among the stiffest penalties handed down by the diminutive…
https://gcaptain.com/msc-disputes-excessive-fine-for-alleged-shipping-act-violations/
Cargo unit sale seals EU approval for Korean Air buy of Asiana
Korean Air is one step away from absorbing rival Asiana Airlines after the rivals agreed on Tuesday to European Commission merger conditions that Asiana divest its freighter business.
The last hurdle is the U.S. government, which reportedly objects to the deal because of concern the combined airline would dominate routes to the United States where the two carriers currently compete head-to-head for passenger and cargo traffic. The Biden administration believes a Korean takeover of Asiana would...
https://www.freightwaves.com/news/cargo-unit-sale-seals-eu-approval-for-korean-air-buy-of-asiana
FMC to Hold Hearing on Red Sea Impacts on Shipping Market
The Federal Maritime Commission (FMC) has announced an informal public hearing focussing the impact of conditions in the Red Sea and Gulf of Aden regions on commercial shipping and global…
https://gcaptain.com/fmc-to-hold-hearing-on-red-sea-impacts-on-shipping-market/
Container Shipping’s Loss of EU Antitrust Exemption ‘May Backfire on Shippers’, Analyst Warns
By Alexander Whiteman (The Loadstar) – The European Commission’s decision not to renew the Consortia Block Exemption Regulation (CBER) after more than a decade covering box shipping in Europe has reopened…
Judge Rules Antitrust Lawsuit Against Matson Units Can Proceed
By Mike Scarcella (Reuters) – Two Matson Inc subsidiaries must face claims from rival container shipping company American President Lines LLC that Matson is abusing its market power over service from the United States…
https://gcaptain.com/judge-rules-antitrust-lawsuit-against-matson-can-proceed/
FMC Shocker: Fact Finding Investigation Finds ‘Vigorous’ Competition in Container Shipping
FMC Commissioner Rebecca Dye on Tuesday released her long-awaited final report from her fact finding investigation into the effects of COVID-19 on the ocean shipping supply chain, formally known as…
https://gcaptain.com/fmc-fact-finding-investigation-finds-vigorous-competition-container-shipping/