Senate confirms Stephen Carmel as Maritime Administrator The U.S. Senate yesterday confirmed Stephen Carmel, president of U.S. Marine Management LLC, as Administrator of the Maritime Administration, bringing decades of maritime experience to the role. A graduate of the U.S.
Carnival Corporation reports record revenues, reinstates dividend Shares in Carnival Corporation & plc [NYSE: CCL] were up this morning as the cruise giant reported financial results for the fourth quarter and full year 2025 and reinstated its dividend. "2025
Boluda acquires Australia's Mackenzie Marine & Towage (MMT) Boluda Towage, the towing division of Spain's Boluda Corporación Marítima, continues to strengthen its presence in Australia with the acquisition of harbor towage company Mackenzie Marine & Towage (MMT), which operates in
Navy's new frigate class will be based on Legend-class national security cutter In a post on X, Secretary of the Navy John C. Phelan said today: "I have directed a new frigate class as part of @POTUS Golden Fleet. Built on a proven American
NTSB: Faulty lashings led to Genius Star XI battery cargo fires The National Transportation Safety Board (NTSB) has released its report on an incident that began Christmas Day 2023 when the first of two fires broke out in lithium-ion battery energy storage system
CMA CGM adds Barranquilla to Yuka service rotation CMA CGM has added the Colombian Atlantic port of Barranquilla to its United States-Caribbean Yuka service, expanding coverage in northern Colombia and strengthening regional connectivity. With the update, the revised Yuka service rotation will operate as follows: Houston - Puerto Cortes - Santo Tomás de Castilla - Cartagena - Barranquilla - Kingston - Puerto Cortes - Santo Tomá
s de Castilla - Hou
HHLA Project Logistics supports wind energy expansion in Azerbaijan In December, HHLA Project Logistics completed another major transport of wind turbine components from the Black Sea to the Caspian Sea, supporting the growth of renewable energy near Baku, Azerbaijan. The oversized cargo originated in China and arrived at the Turkish port of Hopa before moving inland through Georgia. HHLA Project Logistics managed the full operation, including route planning, per
Front loading trend exposes the weaponization of American trade policy Record cargo volumes followed by sharp declines reveal how US tariffs have turned commercial shipping into a defensive operation against policy aggression
NORDEN signs second logistics contract of 2025 Global shipping company NORDEN has signed a new logistics contract in Guinea with Africa Oil Supply (AOS), marking its second logistics agreement of 2025. The project is scheduled to commence in early 2026. The Guinea contract follows NORDEN's logistics agreement with KMG in Australia, announced in May, and represents the company's third logistics project overall, including its ongoing operation
Drewry WCI up 12% for third straight week Drewry's World Container Index rose 12% this week to $2,182 per 40ft container, marking its third consecutive weekly increase, driven by higher rates on Transpacific and Asia-Europe routes. Transpacific headhaul rates rebounded after last week's dip. Shanghai-New York climbed 19% to $3,293, while Shanghai-Los Angeles rose 18% to $2,474. Drewry reports 10 blank sailings scheduled next week on the
CMA CGM announces peak season surcharge from Asia to North Europe CMA CGM has announced the introduction of a Peak Season Surcharge (PSS) for cargo moving from Asia to North Europe, as part of its efforts to maintain reliable and efficient service levels during the peak shipping period. The surcharge will apply from 29 December 2025, based on the loading date, and will remain in effect until further notice. The PSS covers shipments originating from all Asian po
Port of Long Beach on track for busiest year on record The Port of Long Beach is on course to post its busiest year ever in 2025. Early cargo movements ahead of new tariffs helped push volumes toward a new annual record, surpassing the 9.6 million containers handled in 2024. In November, the port recorded its second-busiest month on record. Terminals moved 817,561 TEUs, down 7.5% from the November 2024 peak. Imports fell 7.5% to 400,505 TEUs. Exports
ONE issues update on fire incident involving M/V ONE HENRY HUDSON Ocean Network Express (ONE) has issued a further update regarding the fire incident onboard the M/V ONE HENRY HUDSON at the Port of Los Angeles, providing the latest information on response activities and cargo operations. According to the carrier, a barge has arrived at Yusen Terminal (YTI) and has begun water discharge operations for an affected cargo hold. During this process, cargo discharge
Noatum Ports and Al Dahra Agriculture team up Noatum Ports has signed a Memorandum of Understanding with Al Dahra Agriculture - Egypt to support the development of Egypt's logistics infrastructure and trade capabilities. The agreement focuses on exploring joint investment and development opportunities linked to Noatum Ports' Safaga Terminal. The aim is to strengthen Egypt's logistics ecosystem and support the country's agricultural and trade
Maersk revises peak season surcharge from Far East Asia to Mediterranean Maersk has announced a revision to its Peak Season Surcharge (PSS) for cargo moving from Far East Asia to the Mediterranean, with the updated charges set to take effect from 5 January 2026 and remain in place until further notice. The carrier said the adjustment is intended to support the continued provision of its global services across the trade lane. Details of the revised tariff levels are ou
ONE only co-loading on Red Sea-China service, no large-scale return to Suez yet Ocean Network Express (ONE) has told Container News that its introduction of a Red Sea-China service (RCS) does not portend a large-scale resumption of Suez Canal transits. The RCS, announced on 17 December, only involves ONE chartering slots on the service launched by Global Feeder Shipping, Regional Container Lines and TS Lines, in November
How the Northern Sea Route became a trade war weapon As Western carriers avoid Russia's icy northern passage, Chinese shipping lines are doubling down transforming an obscure seasonal route into strategic leverage against mounting US trade pressure
AD Ports Group forms logistics joint venture in Pakistan AD Ports Group has formed a strategic joint venture with CEI Supply Chain to expand its logistics footprint in Pakistan. The new entity will deliver asset-light, door-to-door logistics solutions across the country. Under the agreement, AD Ports Group will hold a 51% majority stake. The joint venture strengthens the Group's presence in a key South Asian market and supports its Central Asia corrido
NWSA November volumes fall The Northwest Seaport Alliance (NWSA) reported total container volumes of 253,532 TEUs in November 2025, down 12.6% from November 2024 but up 8.4% from October 2025. Full international imports fell 19.4% year-on-year, while full exports dropped 16.9%. Year-to-date volumes stand at 2,918,676 TEUs, down 3.9% from 2024. Domestic container volumes improved 2.5% compared to YTD 2024, with Alaska up 1.
BIMCO: Return to Suez Canal could impact container shipping market outlook BIMCO's December 2025 Container Shipping Market Overview highlights a potential shift in 2026-2027 market conditions, driven by changes in Suez Canal routings and other supply-demand factors. Assuming higher recycling of older ships and reduced average sailing speeds, BIMCO forecasts that 2026 conditions will be similar to 2025, with slightly weaker conditions in 2027. Ship demand is expected to
Sea-Intelligence: The collapse of network stability in 2025 In issue 745 of Sunday Spotlight, Sea-Intelligence analysed the operational stability of the Asia-North America and Asia-Europe trade lanes, by measuring "operational capacity churn" - the sum of the total capacity entering and exiting a trade lane. This metric serves as a proxy for volatility, quantifying the scale of changes in carriers' vessel deployments. The data for 2025 shows a significant
Maersk completes first Red Sea voyage in nearly two years The vessel MAERSK SEBAROK, operated by Danish shipping company Maersk has successfully navigated the Red Sea and the Bab el-Mandeb Strait for the first time in nearly two years, marking a cautious step forward even as the company has no plans to fully reopen the route. Maersk began diverting vessels away from the Gulf of Aden and the Red Sea around the Cape of Good Hope in January 2024 after Yeme
COSCO SHIPPING Specialized Carriers strengthens ties with DP World in Dubai COSCO SHIPPING Specialized Carriers, led by Chairman Zhang Wei, visited Dubai alongside Mr. Tian Dong, Chairman of COSCO SHIPPING (West Asia), to meet with DP World Group officials. The delegation held discussions with Mr. Shahab Al Jassmi, Chief Commercial Officer of DP World GCC, exploring cooperation in project cargo, Ro-Ro terminals, route transshipment solutions, and end-to-end logistics cap
New use for the construction dock in Zeebrugge Construction of the eight elements of the new Scheldt Tunnel in Antwerp began in January 2023 on the Boudewijnkanaal in Zeebrugge. To this end, the contractor built a completely new dock at the corner of the Boudewijnkanaal and the Verbindingsdok: the construction dock. It is no less than 1 kilometer long and 200 meters wide. The Scheldt Tunnel completes the Antwerp Ring Road and becomes a fourth
APM Terminals invests in new services to accommodate Nigerian growth APM Terminals and Barging Marine Solutions have signed an exclusive lease agreement until September 2031 to expand services in and around Apapa, underlining the terminal operator's long-term commitment to develop Nigerian trade opportunities. The aim of the agreement is leveraging the close collaboration between the two parties to increase capacity and to provide enhanced landside and barge conne
Automation Didn't Remove the Problem - It Scaled It The idea behind automation is pretty simple - if you remove human judgment and replace it with systems, you'll have faster moves/decisions and fewer (human) errors. And of course, that idea works perfectly... but only in theory. Automation - at least when it comes to shipping and logistics containers - was introduced/designed to tackle specific operational problems (e.g., legacy assumptions carried
The Sunk Cost Fallacy and Furniture: When to Abandon vs. Ship You paid $2,500 for that dining room set five years ago. It's solid wood, barely used, and still looks great. The quote to move it cross-country comes back at $600. You wince at the cost but decide to ship it anyway-after all, you already invested so much money in it. This is the sunk cost fallacy in action, and it costs people moving across the country thousands of dollars in unnecessary expense
The Real Cost of Equipment Downtime in Container Logistics Downtime's Silent Disruption in Logistics In the time-sensitive world of container logistics, delays often begin quietly. A forklift fails during unloading. A telehandler stops operating mid-shift. What appears to be a small interruption quickly turns into stalled cargo movement, idle labor, and missed schedules that affect the entire operation. Heavy equipment plays a central role in ports, term
China's Taiwan Strait deployments signal new era of militarized commerce Beijing's largest naval show of force since 1996 reveals how commercial shipping routes are becoming permanent theaters of strategic competition
ABP supports wind operations from port of Lowestoft ABP announced a long-term partnership with ScottishPower Renewables to support operations and maintenance activities for the East Anglia TWO and East Anglia THREE offshore wind farms from the UK's most easterly port, where ABP has recently completed the Lowestoft Eastern Energy Facility. This agreement marks a major milestone in Lowestoft's transformation into a leading hub for offshore energy. U
Suez Canal Authority signs MoU with Namibian Ports Authority The Suez Canal Authority (SCA) and the Namibian Ports Authority have signed a Memorandum of Understanding (MoU) to strengthen cooperation in port development, maritime construction, and training. The ceremony took place at the SCA headquarters in Ismailia and was attended by Adm. Ossama Rabiee, Chairman and Managing Director of the SCA, Mrs. Nangula Hamunyela, Chairperson of the Namibian Ports Au
Port Houston volumes dip in November Port Houston closed November on track for a record year despite decreased monthly volumes due to seasonal and market trends. The Port handled 4,186,264 short tons in November, which was down 15% compared to the same month last year, but remains up 4% in total tonnage year-to-date, with 50,383,531 short tons. Container activity also slowed. TEUs through the public terminals were down 9% for the mo
CMA CGM names new 15,000 TEU dual-fuel methanol vessel CMA CGM celebrated the naming of its new 15,000 TEU dual-fuel methanol vessel, CMA CGM EUGENIE . The ceremony was attended by Captain Svilen Santana, the vessel's master, and Professor Bai Xiang'en of Shanghai Maritime University, who served as Godmother, along with Esra Bora, General Manager of CMA CGM China. Equipped with advanced dual-fuel technology, EUGENIE will operate on the Phoenician Exp
Kyiv takes drone war to Mediterranean shipping lanes Ukraine has carried out a long-range drone strike against a tanker linked to Russia's so-called shadow fleet, marking its first confirmed attack this far from the Black Sea. The target was the Oman-flagged aframax tanker Qendil, which was hit in international waters of the Mediterranean Sea, more than 2,000 km from Ukrainian territory. The operation ...
Maersk carries out first Red Sea transit in almost two years In the early morning on December 19, the 2007-built Singapore-flagged boxship Maersk Sebarok completed a transit through the Bab el-Mandeb Strait and into the Red Sea. This marks the first time a Maersk vessel transited the strait in almost two years. The company stated that the "highest possible safety measures were applied during transit" of ...
Containers seen flying across Lake Geneva Franco-Swiss maritime startup Fly-Box is moving its foil-borne container concept into the next phase, launching a detailed techno-economic assessment with a global player active in both shipping and terminal operations. The move follows a busy year for the deeptech firm, which has been lining up pilot routes in the Gulf and successfully flying a scaled ...
NYK and Ocean Yield team up on LNG carrier quartet Japan's Nippon Yusen Kaisha (NYK) is pushing ahead with another LNG carrier expansion, lining up four large newbuildings at HD Hyundai Heavy Industries. The Tokyo-headquartered behemoth has signed up for a 200,000 cu m quartet at the Korean yard, with options in place for a further four units. The deal is tied to a co-investment ...
ExxonMobil extends leases for two SBM Offshore FPSOs off Angola until 2032 Dutch floater expert SBM Offshore has signed contract extensions for the lease and operation of the Mondo and Saxi Batuque FPSOs with an affiliate of ExxonMobil. The extension, awarded by Esso Exploration Angola, secures ownership and operations by SBM Offshore until 2032. The agreement includes life-extension activities for equipment replacement and refurbishment. The scope of ...
Subsea7 bags contract on $1.8bn redevelopment project off Norway Offshore engineering and services player Subsea7 has been awarded a contract for ConocoPhillips' Previously Produced Fields (PPF) development offshore Norway. Subsea7's scope covers engineering, procurement, construction and installation of subsea structures, umbilicals, risers and flowlines. It follows the award of a contract for front-end engineering and design that finalised the technical defi
Odfjell Drilling formalises $373m semisub contract with Equinor Oslo-listed semisub player Odfjell Drilling has turned a letter of intent into a contract with Norwegian major Equinor for the use of the 2014-built Deepsea Aberdeen. The letter of intent for the rig was awarded last month. At the time, the client was left undisclosed.Equinor will use the unit to drill an unspecified scope in an ...
Splash Wrap: And that's a wrap Venezuela has begun deploying naval escorts for vessels carrying oil byproducts as they depart its ports, underscoring a rapid escalation in maritime tensions following US president Donald Trump's threat of a "total and complete" blockade of sanctioned oil tankers trading to and from the country. The escalation of attacks on commercial shipping in the wider ...
Nordic American Tankers trims old tonnage ahead of newbuild push Nordic American Tankers has booked a healthy profit from the sale of two older suezmax tankers as the company presses on with its fleet renewal strategy. The New York-listed owner said it has sealed a deal to sell a pair of 2004- and 2005-built suezmaxes for a combined net price of $50m. Both vessels are ...
EU widens shadow fleet net as UK and US tighten energy sanctions The European Union has escalated its campaign against Russia's shadow fleet, adding another 41 vessels to its sanctions list and taking the total number of designated ships to nearly 600, as Western powers intensify pressure on Moscow's oil revenues. The latest EU move targets a mix of tankers accused of transporting Russian crude and petroleum ...
DryDel doubles down on capesize newbuilds Greek bulker owner DryDel Shipping has moved to deepen its exposure to larger tonnage, signing contracts for two more capesize bulk carriers at Japan's Namura Shipbuilding. The latest deals take DryDel's capesize orderbook to four vessels, all under construction at the Japanese yard. The Athens-based company placed its first-ever capesize order in late 2024, booking ...
MOL names new president Mitsui OSK Lines (MOL), Japan's largest shipping company, has announced Jotaro Tamura is stepping up to become president and CEO come April 1 next year, replacing Takeshi Hashimoto who will take over the chairman's office. "Amidst a rapidly changing business environment, it is essential to address a wide range of management challenges-such as defining strategic ...
California's Clippership sets sail on zero-emission autonomy California's Clippership has contracted Dutch shipyard KM Yachtbuilders to build its first RINA-approved, 24 m long zero-emission, autonomous, wind-powered vessel. The ship is scheduled to launch in late 2026 to serve transatlantic, Caribbean and South American pilot routes, areas where other pioneering sail cargo vessels are also eyeing growing business. The ship features twin, foldable ...
Wrist acquires Delaware Ship Supply Ship supplier Wrist has bought Delaware Ship Supply in New Jersey for an undisclosed sum. "We're excited to welcome Don Rush and his colleagues in Delaware Ship Supply," said Jens Holger Nielsen, group CEO of Wrist. "With more than 100 years of experience, Delaware Ship Supply has built a strong reputation serving American and international ...
Oshima debuts multi-fuel bulker design Japan's Oshima Shipbuilding has debuted a ship design for a bulk carrier capable of running on multiple fuels. ClassNK has issued approval in principle (AiP) for a concept design of the vessel capable of running on ammonia, methanol or LNG and featuring a carbon capture system. Splash reported earlier this month on a South Korean ...
Container spot rates up across the board, led by Asia-Med strength It was a turbulent year for container trades. Spot freight rates were unusually volatile, courtesy of Donald Trump's tariffs. As...
Onex Elefsis clinches first shipbuilding contract for modern tugs Deal with Megatugs for up to four escort/ terminal tugs is seen as first of many
Burn, Sea Baby, burn Ukraine needs the world's sympathy to continue its fight. Repeated attacks on merchant shipping are not the way to get...
Battery-powered ships are charging ahead Marine batteries are getting bigger, better and cheaper, with more orders to power ferries and even chemical tankers announced this...
V Group confirms first containership orders Two 1,900 teu feeders have been contracted from Huangpu Wenchong
Ukraine targets shadow fleet tanker in Mediterranean Ukrainian media and maritime security firms have reported a drone attack on sanctioned crude oil tanker Qendil in the Mediterranean...
Containers: Liner industry enters a new era of turbulence Short-term disruption will continue to shape the market through 2026, but the industry is moving steadily towards a structural downturn...
Greek owner may face jail after V.Ships wins contempt ruling Judge slams Liberian entity for 'cynical and unsatisfactory' conduct
Murtaza Lakhani to challenge 'politically motivated' shadow fleet sanctions Mercantile & Maritime founder Lakhani vows to fight EU and UK sanctions accusing him of supporting Russian economy with shadow...
Crude and product tankers: Can strength carry through into 2026? Tanker rates rose over the course of 2025, in both the crude and products segments. The start of 2026 should...
Maersk makes first Red Sea transit in almost two years Any return will be stepwise and dependent on sustained security improvements
Newly revived Jiangsu yard wins new order Revived yard Xiangshui Wanlong wins a 211,000 dwt bulker order from a domestic operator
Regulation: Net-Zero Framework faces long odds The IMO's global carbon regulation is unlikely to be approved, at least as written. But 2026 will see countries start...
ICTSI makes new appointments amid port enhancements and expansions Investments and new hires come as year-to-date ebitda rises by 17% to $1.5bn as of September
The Daily View: Material disintegration
Daily Briefing EU and UK expand sanctions on Russian shadow fleet targets | The shadow fleet - and all its risks -...
Hapag-Lloyd India shippers resist prospect of Suez return in short-term Hapag-Lloyd customers have expressed concerns about liability exposure if a US-India service were to resume transits through the Red Sea and Suez Canal. .
Maersk takes 'significant step' toward return to Red Sea transits The carrier, as it sends a US-bound vessel through the region, said if security thresholds hold it will take a "stepwise approach" toward gradually resuming navigation on east-west services via the Suez Canal and Red Sea.
UP, in merger filing, vows to convert millions of loads to intermodal annually Union Pacific sent a 6,000-plus page application to US regulators Friday seeking formal approval for its closely watched merger proposal with Norfolk Southern that would create the country's first transcontinental railroad.
Product tanker owners will search for catalysts in 2026 amid tepid oil demand growth Steem1960 Shipbrokers says 2025 could be the height of 'a transient, distance-inflated cycle'
UK investigators probe loss of containers from reefer vessel Loss of 16 boxes raised fears of shipping collision from semi-submerged containers
Back with a Spac: the return of Peter Georgiopoulos to the US capital markets New York shipowner and partner Leo Vrondissis are sitting on a pot of $230m that could buy maritime assets
Ofer family gains wealth on key ranking, even as it slips a position Chile's Luksics rise to the list of the 25 richest families
London Club keeps its 'fingers crossed' over costly pool claims in final quarter CEO James Bean says the industry is hoping for a calmer period after major losses this time last year
Price cap cull could spark demand for hundreds more shadow tankers, analyst says Freight market to be reshaped if maritime services ban brought in by G7 and EU
Wavelength podcast: TradeWinds 'Person of the Year' Plus, Odfjell's green corridors and Astro offshore's growth
Easing tanker rates as Christmas approaches should not cause owners to fret VLCCs have slipped week on week, while suezmaxes and aframaxes dipped on Friday - but there is still plenty of oil out there
Video: Russia-trading tanker hit by fresh drone strike, Ukraine says Ukraine's secret service SBU is credited with the attack against Oman-registered tanker in the Mediterranean
The shipping quiz that sleighs Test your knowledge of recent happenings in the wonderful and frightening world of shipping
Trader AB Commodities ready for next big push as it sets up LNG desk Celine Teissedre brought in from Fortescue to boost gas operations at growing Swiss shipping force
Icelandic owner Eimskip says antitrust case revived by shipper months after court case dropped Aluminium producer Alcoa wants 'recognition of liability' from container line
Andreas Laskaratos-led trader is 'IPO-ready' as it sets up LNG desk Celine Teissedre brought in from Fortescue to boost gas operations at growing Swiss shipping force
US targets Egyptian businessman in new Iranian shipping crackdown The US Treasury designates 29 ships that it says have been involved in hauling Iranian cargoes
John Fredriksen's SFL sells Koch-chartered suezmaxes for big profit Million-barrel duo fetches $114m from unnamed buyer
MOL boss Takeshi Hashimoto standing down as baton handed to next generation Japanese group names new CEO and creates vice president roles as it evolves leadership structure
Stabilis Solutions nets Carnival as second anchor customer for Galveston bunker project Deliveries will be via new Jones Act LNG bunker vessel
Maersk returns to Red Sea after two-year absence Tentative return marked by transit of 6,500-teu Maersk Sebarok through Bab el-Mandeb strait
NYK and Ocean Yield ordering up to eight LNG carriers in potential $2.4bn charter deal Companies taking equal stakes in ships backed by long-term deals
Knutsen linked to $1.8bn order for LNG carriers at Hanwha Ocean Shipowner nets business from Edison and Equinor and initially named Eni and SEFE as charterers
Vafias bulker and tanker spin-off raises $9m in share issue as market cap shrinks Nasdaq-listed owner follows October placement with fresh sale
China's maritime law rewrite sharpens liability picture for shipowners Minimal unification narrows gaps between domestic and international carriage without opening cabotage
Ismini Panagiotidi-led Icon Energy reveals 'evergreen' bulker charter and stock buyback Icon Energy has all three of its bulkers fixed on index-linked deals
Vitol to pump $2bn into oil infrastructure in Uganda Trader and shipowner widening its reach in Africa to help new production plans
US air strike kills five as Venezuela 'drug boat' death toll tops 100 The Pentagon is defending the legality of the offshore killings that are part of a military campaign against Venezuela
Brokers in disbelief as new Chinese yard clinches debut order from Greek owner Revived yard operation in Shandong secures ultramax deal with Victor Restis company Enterprises Shipping & Trading
Podcast: Finding the needle in the haystack in the accident that destroyed Baltimore's Key Bridge Wavelength Plus episode digs deep into the electrical failure that led to the Dali's blackout
Japanese owner Doun Kisen offloads bulker for $17.25m The post-panamax bulker Dream Power is the 12th vessel the tonnage provider has sold in 2025
China's maritime law rewrite sharpens liability picture for shipowners Minimal unification narrows gaps between domestic and international carriage without opening cabotage
Weight Watchers chairman steps into US bulker operator's boardroom as Christina Tan resigns Move is second change in Strategic Shipping board representation in less than a month
FRA caps non-English rail crews at 10-mile border zone WASHINGTON - The Trump administration is extending from the highways to the railroads its clampdown on transportation workers who lack proficiency in English. Transportation Secretary Sean P. Duffy announced on Friday that the Federal Railroad Administration will be limiting crews on cross-border trains from Mexico to not more than 10 miles into the U.S. from their point of entry as a result of a
New York City bill that targeted Amazon won't get taken up in 2025 A bill that could have a significant impact on the the operations of final mile delivery companies in New York City, Amazon in particular, ended 2025 without any action being taken on it. The bill was introduced by City Council member Tiffany Caban in September. Its formal name is the Delivery Protection Act and it is strongly backed by the Teamsters. However, unlike legislation that does not get
UP, NS: Merger will create 10,000 single-line service lanes, shift 105k truckloads to rail Executives from Union Pacific and Norfolk Southern said their historic merger would help stem the loss of rail market share which declined nearly 10% over the past decade, as single-line service levels the playing field with trucks. In a call with analysts Friday, the railroads said that rail's market share is two to three times higher for single-line moves than for freight moving in interline se
What an Expiring ACA Could Mean for Owner-Operators and Small Carriers Health insurance has never been simple in trucking. For owner-operators and small carriers, it's often one of the most confusing, expensive, and emotionally loaded parts of running the business. And in 2026, that pressure could increase - not because of a new law, but because a temporary one may quietly run out. Several provisions tied to the Affordable Care Act (ACA) are scheduled to expire at t
US weighs sanctions as Spanish port ban escalates WASHINGTON - One year after launching an investigation into Spain's refusal to dock U.S. vessels , the Federal Maritime Commission is now weighing formal countermeasures - including per-voyage fines and cargo restrictions - against Spanish-linked shipping. The initial probe began in late 2024 following reports that two containerships enrolled in FMC's Maritime Security Program - which provides fi
Setting Business Goals for Your Trucking Company in 2026 With 2025 almost in the books, the smartest thing a small carrier can do right now isn't chase one more load - it's slow down just enough to decide what 2026 actually needs to look like. If you're reading this with less than two weeks left in the year, you're right on time. Not late. Not behind. Right on time. This window - the quiet stretch between Christmas and New Year's - is one of the few mo
BNSF CEO: Rail merger still a "significant threat" to economy, consumers At least one rival railroad is doubling down on its opposition to the transcontinental merger of Union Pacific and Norfolk Southern after the companies filed their former application with federal regulators Friday. "While we are still reviewing the [Surface Transportation Board] filing and will have more to say soon, what we have seen so far does not change BNSF's opposition to the proposed merge
Judge denies summary judgment in deaf driver applicant's rejection A suit against a North Carolina trucking company that rebuffed the job application of a deaf driver will proceed after the carrier's request for summary judgment was denied. Transportation Management Group, which does business as Wilson Logistics , had requested that the U.S. District Court for the Middle District of North Carolina dismiss the suit that was filed by the Equal Employment Opportuni
FedEx anticipates MD-11 aircraft return in spring period FedEx expects to incur $175 million in extra costs to overcome lost capacity from the mandatory grounding of its MD-11 air cargo fleet during the peak shipping season and now anticipates the flying prohibition will be lifted sometime in the spring, Chief Financial Officer John Dietrich said Thursday. The fleet update came as FedEx Corp. blew past expectations for the fiscal year second quarter be
Maersk Asia-US voyage successfully tests Red Sea transit Maersk on Friday said that one of its container ships had successfully completed a voyage through the Red Sea and Gulf of Aden. Maersk said that the Singapore-flagged Maersk Sebarok, a 6,500-TEU ship currently operating on the MECL service connecting India with the United States East and Gulf coasts, transited the Bab el-Mandeb Strait and Red Sea Dec. 18-19. But the world's second-largest liner o
Union Pacific and Norfolk Southern file historic rail merger application Union Pacific and Norfolk Southern on Friday submitted a comprehensive application to the Surface Transportation Board requesting approval to combine the two major freight railroads into what would become America's first transcontinental railroad. The filing represents a landmark moment in American transportation history, proposing the creation of a unified rail network spanning the nation from c
$200K cargo theft exposes growing fraud schemes in trucking industry A San Francisco tile showroom lost nearly $200,000 in merchandise after falling victim to a sophisticated cargo fraud scheme that impersonated global engineering firm AECOM, underscoring growing risks for small and midsize shippers amid rising freight theft nationwide. Claudia Visona, who runs Galleria Tile, a third-generation, women-owned business, said fraudsters posing as AECOM purchasing mana
FedEx Freight outlook lowered for fiscal 2026 FedEx Corp. lowered expectations for its less-than-truckload unit, FedEx Freight, Thursday after the market closed. A planned spin off of the LTL business, into a separate publicly traded company, is now scheduled for June 1. During FedEx Freight's fiscal second quarter ended Nov. 30, revenue fell 1.7% year over year to $2.14 billion. A 2.8% decline in tonnage was partially offset by a 1.1% incre
State of Freight: a depressed trucking market suddenly comes to life It was a very different State of Freight webinar to close out 2025 than what its audiences have been hearing for most of the year. The discussion Thursday was not the first time in the 2025 FreightWaves webinars that the possibility of a stronger freight market was discussed. But that development never truly arrived. The December webinar, however, was the first time that it took place against a b
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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