business interruption News

United Airlines Says Boeing to Compensate for Damages Caused by MAX 9 Grounding

United Airlines will receive compensation from planemaker Boeing for financial damages incurred in the first quarter due to the grounding of 737 MAX 9 aircraft, the carrier said on Wednesday. U.S. regulators had in January grounded some Boeing 737 MAX …

Microsoft, Beset by Hacks, Grapples With Problem Years in the Making

The world’s largest seller of cybersecurity products has a problem with its own cybersecurity. In recent years, Microsoft Corp. has been hit with a series of embarrassing hacks that have exposed corporate and government customers. Earlier this month, the US …

Baltimore Shipping Set to Resume by End of April With Full Capacity by End of May

The U.S. Army Corps of Engineers said Thursday it expects to open a new channel to the Port of Baltimore by the end of April, freeing up commercial shipping blocked by a collapsed bridge, and then restore port access to …

Spring Storm Threatening New England With 18 Inches of Snow

A late-season storm rolling out of the US Midwest threatens to dump more than a foot of wet, heavy snow on northern New York and New England starting Wednesday night, with parts of New Hampshire and Maine at risk of …

Top US Egg Supplier Idles Texas Plant After Bird Flu Outbreak

Cal-Maine Foods Inc., the biggest egg producer in the US, has culled roughly 3.6% of its flock after birds at a Texas facility tested positive for avian flu, adding to concerns over a widening outbreak. Nearly 1.6 million laying hens …

Ship Owner in Bridge Collapse Seeks to Limit Its Liability

The owner of the ship that rammed into a bridge in Baltimore last week, killing six workers and throwing the eastern US transportation network into chaos, is seeking to limit its liability to about $43.7 million. The company, Grace Ocean, …

Baltimore Ship Accident Has East Coast Ports Scrambling to Absorb Cargo

Ports along the US East Coast are modifying their operations to absorb cargo diverted from Baltimore harbor, where salvage specialists are starting the daunting task of clearing debris from the destroyed Francis Scott Key Bridge. The Port of Virginia, with …

Six Presumed Dead After Bridge Collapse, as Port Disruptions Hit Cars to Coal

The 1.6 mile-long bridge collapsed in a matter of seconds. The catastrophic consequences are set to stretch out for weeks. As much as 2.5 million tons of coal, hundreds of cars made by Ford Motor Co., and General Motors Co., …

US Warns of Cyberattacks Against Water Systems Throughout Nation

The Biden administration is warning states to be on guard for cyberattacks against water systems, citing ongoing threats from hackers linked to the governments of Iran and China. “Disabling cyberattacks are striking water and wastewater systems throughout the United States,” …

Risk Reigns in Ocean Shipping, Industry and Economic Experts Say

Risk is the “new normal” for the global ocean shipping industry that handles 80% of global trade as pressure from geopolitical tensions, rising protectionism and climate change mounts. “There are going to be global tensions … and I think global …