Tag: million
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Baltimore disaster expected to cost car shipper up to $10 million
Marinevesselstracker.com LONDON — Norwegian car shipping firm Wallenius Wilhelmsen estimates a $5 million to $10 million hit to core earnings from last week’s U.S. Baltimore bridge collapse and expects the key ship channel to be closed for weeks, it said on Wednesday. The company said its vessel Carmen — which according to shipping data…
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Norfolk Southern agrees to pay $600 million settlement for eastern Ohio train derailment
Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023 in eastern Ohio. The company said Tuesday that the agreement, if approved by the court, will resolve all class action claims within a 20-mile radius from the derailment and, for those residents who…
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$580 million in point-of-sale EV tax rebates already issued by U.S. this year
WASHINGTON — The U.S. government has reimbursed auto dealers for more than $580 million in advance point-of-sale consumer electric vehicle (EV) tax credit payments since Jan. 1, the Treasury said on Friday. Prior to 2024, U.S. auto buyers could only take advantage of the new EV credit of up to $7,500 or the $4,000 used…