Joe Biden

Biden holding Norfolk Southern accountable for East Palestine recovery

President Joe Biden has issued an executive order designed to ensure that Norfolk Southern (NYSE: NSC) “continues meeting its obligations to the community” following the Feb. 3 derailment of an NS train in East Palestine, Ohio.

The Wednesday order also directs the Federal Emergency Management Agency to appoint a federal disaster recovery coordinator to oversee long-term public and private recovery efforts.

East Palestine and surrounding communities in Ohio and Pennsylvania have been impacted by...

https://www.freightwaves.com/news/biden-holding-norfolk-southern-accountable-for-east-palestine-recovery

Cummins plans $1B+ investment in engine plants, hydrogen equipment

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Cummins Inc. will spend more than $1 billion to modernize engine plants in three states and invest...

https://www.freightwaves.com/news/cummins-plans-1b-investment-in-engine-plants-hydrogen-equipment

Carrier USS George H.W. Bush Joins Truman Strike Group in Mediterranean

Aircraft carrier USS George H.W. Bush (CVN-77) transits the Atlantic Ocean on Feb. 4, 2022. US Navy Photo

For the first time in recent memory, two U.S. carrier strike groups are now in the Mediterranean Sea as the Russian invasion of Ukraine has entered its seventh month, USNI News has learned.

On Thursday morning, carrier USS George H.W. Bush (CVN-77), guided-missile cruiser USS Leyte Gulf (CG-55) and guided missile destroyers USS Farragut (DDG-99) and USS Truxtun (DDG-103) passed through the...

https://news.usni.org/2022/08/25/carrier-uss-george-h-w-bush-joins-truman-strike-group-in-mediterranean

US president Biden signs the Ocean Shipping Reform Act into law

US president Joe Biden signed into law the Ocean Shipping Reform Act (OSRA) on 16 June, which authorizes appropriations for the Federal Maritime Commission (FMC) for fiscal years 2022 through 2025.

Additionally, the law is expected to establish additional requirements and prohibited conduct for ocean carriers and require the FMC to issue rules related to certain fee assessments, prohibited practices, and establishment of a shipping registry.

Furthermore, the new law authorizes the FMC under...

https://container-news.com/us-president-biden-signs-the-ocean-shipping-reform-act-into-law/

Biden meets Long Beach officials to discuss investments on infrastructure and trade

The president of the United States, Joe Biden, met with the Port of Long Beach (POLB) executive director, Mario Cordero, and Long Beach Harbor commission president, Steven Neal at the San Pedro Bay port complex to discuss investments aiming to boost trade and build a resilient supply chain.

Biden meets Long Beach officials to discuss about investments on infrastructure and trade.

“President Biden’s visit underscores his administration’s ongoing commitment to ensuring the Port of Long Beach can...

https://container-news.com/biden-meets-long-beach-officials-to-discuss-investments-on-infrastructure-and-trade/

AMP to Biden: No need for Jones Act waivers because of Russian oil import ban

With concerns that the ban on Russian energy imports could be used as a pretext for seeking Jones Act waivers, the American Maritime Partnership (AMP) today sent a letter on the issue to President Joe Biden to address misconceptions about the Jones Act.

Signed by AMP president Ku’uhaku Park, the letter specifically addresses the transportation of crude oil and other energy cargoes in the United States in light of the Russian invasion of Ukraine.

“Calls for waivers to the Jones Act now are both...

https://www.marinelog.com/legal-safety/shipping/amp-to-biden-no-need-for-jones-act-waivers-because-of-russian-oil-import-ban/

US must strengthen IMF at February G20 meeting, A new front in ECB’s psychological war over tighter money, and more

US must strengthen IMF at February G20 meeting, A new front in ECB’s psychological war over tighter money, and more

THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world

7-11 February 2022, Vol.13 Ed.6

Most-read Commentary

US must strengthen IMF at February G20 meeting: G20 finance ministers and central bank governors gather on 17-18 February. Amid high-profile topics including inflation, key issues beneath the surface could challenge the International Monetary Fund’s global...

https://allaboutshipping.co.uk/2022/02/12/us-must-strengthen-imf-at-february-g20-meeting-a-new-front-in-ecbs-psychological-war-over-tighter-money-and-more/

SECDEF Orders U.S. Carrier USS Harry S. Truman to Stay in Mediterranean to Reassure Allies

The aircraft carrier USS Harry S. Truman (CVN 75), lead ship of Carrier Strike Group (CSG) 8, transits the Atlantic Ocean during a restricted maneuvering exercise on Oct. 13. US Navy Photo

A U.S. carrier strike group is lingering in the Mediterranean Sea rather than journeying to the Middle East on orders from Defense Secretary Lloyd Austin, USNI News learned on Tuesday.

USS Harry S. Truman (CVN-75), Carrier Air Wing 1 and its escorts are now operating in the Ionian Sea between Greece and Italy...

https://news.usni.org/2021/12/28/secdef-orders-u-s-carrier-uss-harry-s-truman-to-stay-in-mediterranean-to-reassure-allies

Federal-state agreement for California supply chain infrastracture development

California Governor Gavin Newsom and the US Department of Transportation (USDOT) decided to start a strategic partnership to help facilitate innovative projects and financing opportunities for multi-billion infrastructure improvements in California.

The agreement is expected to facilitate the movement of imports and exports in California and bring supply chain processes into the 21st century to create resilience throughout the critical trade corridors of California and the US, including around...

https://container-news.com/federal-state-agreement-for-california-supply-chain-infrastracture-development/

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