June 2026
The U.S. Department of Justice has appealed a Court of International Trade ruling requiring the federal government to issue broad refunds of tariffs collected under the International Emergency Economic Powers Act (IEEPA), injecting new uncertainty into a repayment process that has already returned more than US$20 billion to importers.
The appeal follows a series of court decisions stemming from the U.S. Supreme Court’s invalidation of the tariffs, which had been imposed ...
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Union Pacific and Norfolk Southern have cleared an initial regulatory hurdle in their proposed merger to create the nation’s first transcontinental freight railroad, after the Surface Transportation Board accepted the carriers’ revised application for consideration while simultaneously pausing proceedings pending additional information.
The railroads said May 28 that the STB’s decision ...
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The Trump administration’s emergency Jones Act waiver is facing growing criticism from maritime industry groups and members of Congress who argue the policy conflicts with the administration’s broader efforts to rebuild the U.S. maritime sector and reduce dependence on foreign shipping.
What began as a temporary response to supply disruptions following ...
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