Republican lawmakers to Trump: "Let Jones Act waiver expire" Chairman of the House Committee on Oversight and Accountability, Rep. James Comer (R-Ky.), Speaker of the House Mike Johnson (R-La.), and 50 other Republican lawmakers, including six committee chairs, are urging the
Democratic lawmakers reintroduce the Next Generation Shipping Act Senator Chris Van Hollen (D-Md.), Representatives Nanette Barragán (D-Calif.-44) and Troy A. Carter, Sr. (D-La.-02) have reintroduced the Next Generation Shipping Act, which was first introduced in 2024 but expired with the
NOAA awards JAG Ketchikan $99.6M Bigelow upgrade contract NOAA (the National Oceanic and Atmospheric Administration) has awarded Alaska's JAG Ketchikan shipyard a $99,637,544 contract to complete expanded upgrades and maintenance work on NOAA Ship Henry B. Bigelow. The work, expected
Everllence nearly doubles size of Augsburg PrimeServ Academy The PrimeServ Academy in Augsburg, Germany, is Everllence's hub for training on large, medium-speed engines and turbocharger. Now, in response the growing demand for training driven by new technological developments, the company
GAO: Coast Guard's modernization efforts still falling short The U.S. Government Accountability Office (GAO) has been reviewing Coast Guard's modernizationefforts since 2019, but a new report the watchdog agency says that, while the service has received billions of dollars for
Fjord1 picks Gasum to supply LNG for ferries operating a key route Espoo, Finland-headquartered energy company Gasum and Norwegian ferry operator Fjord1 have signed a long-term agreement covering the supply of liquefied natural gas (LNG) for a group of ferries operating the daily Arsvågen-Mortavika
WinGD wins engine order for 12 Dynacom VLCC newbuilds WinGD has secured an order to supply main engines for 12 Very Large Crude Carriers (VLCCs) being built for Dynacom at Hudong-Zhonghua Shipbuilding in China. Each vessel will be powered by a WinGD 6X82-2.0 low-speed engine. The ships will also feature scrubbers and high-pressure selective catalytic reduction (SCR) systems. These systems will ensure compliance with IMO emissions rules while improvi
Yusen Logistics opens European headquarters in Antwerp Yusen Logistics has opened its new European regional headquarters in Antwerp, strengthening its presence in one of Europe's largest logistics hubs. The new office, Yusen Logistics Global Management (Europe) N.V. (YLGM-EUR), will serve as the company's regional headquarters and support its operations across Europe. The facility houses around 140 employees. Yusen Logistics relocated its European he
ABS launches Eagle CRoute to improve containership loading flexibility ABS has launched Eagle CRoute , a new digital tool designed to help containership operators optimise cargo loading by calculating route-specific lashing reduction factors. The online platform allows operators to assess loading options for individual voyages while maintaining compliance with vessel lashing requirements. According to ABS, the tool responds to growing operational challenges such as
More than 40% of stranded ships escape Persian Gulf Following the International Maritime Organization's evacuation plan for ships stranded in the Strait of Hormuz, the number of container ships that remain stuck in the Persian Gulf have gone down to 80 vessels of 170,000 TEU, from a peak of 138 during the US-Israel-Iran conflict
Freightos Weekly Update: Ocean rates steady as shippers brace for July hikes US-Iran negotiations toward a final peace deal continue, sometimes under fire, as Iran escalates steps aimed at establishing itself as the sole authority over the Strait of Hormuz moving forward. Oil volumes out of the Gulf states are rebounding, though marine traffic was paused over the weekend following Iranian strikes on transiting vessels and sites in Bahrain and Kuwait. Iran has advised all
Ricardo appoints Jason Oms O'Donnell as CEO Engineering and technology company Ricardo has appointed Jason Oms O'Donnell as its new Chief Executive Officer. O'Donnell succeeds to lead the company following Ricardo's acquisition by WSP in October 2025. He joined Ricardo as an automotive graduate and has spent 25 years with the company. The appointment comes as Ricardo introduces a refreshed brand that reflects its heritage while positioning
Explainer: Why Oman decides the Strait's future Iran has spent months asserting the right to authorize traffic through Hormuz, but across a scenario modeling conducted by Container News, Iran was not the only the variable that mattered
MSC's Vizhinjam bet confirms India's validation threshold pattern The Adani-MSC transshipment deal is not a standalone transaction but the latest proof point in a maritime ambition arc spanning shipbuilding, port capital and carrier consolidation
Port of Helsinki commences LJ6 Quay renovation at West Harbour The Port of Helsinki and Terramare Oy have signed a contract worth approximately EUR 23.9 million for the refurbishment of the LJ6 quay at the West Harbour in Jätkäsaari. Construction work will begin in July 2026, with preparation activities commencing immediately and main quay works starting in August once Tallink's M/S Victoria I passenger-car ferry has relocated to the adjacent LJ8 quay. The p
Bureau Veritas and Shenzhen Port Group partner on green shipping corridor Bureau Veritas (BV) and Shenzhen Port Group have signed a strategic cooperation agreement to accelerate the development of a Green Shipping Corridor (GSC) in China. The agreement aims to reduce carbon emissions from maritime transport while strengthening Shenzhen's position as a global green shipping hub. The partners will work together on green shipping corridor projects and other sustainability
Maersk provides Venezuela operations update Maersk has provided an operational update following the recent earthquake in Venezuela, confirming that commercial operations at the Port of La Guaira remain suspended. The carrier said authorities have not yet authorized the resumption of commercial activities at the port. As a result, all import and export shipments through La Guaira remain on hold until further notice. Maersk continues to oper
Container News Magazine July 2026 issue now available The July 2026 edition of Container News Magazine is here. Global container shipping never stands still. Markets shift. Trade routes change. New challenges emerge every day. That is why staying informed matters more than ever. Container News Magazine helps readers understand the stories behind the headlines. Every edition combines exclusive analysis, expert commentary and market intelligence from
Poland's intermodal rail volumes hit record high in first quarter Poland's intermodal rail market recorded its strongest first quarter on record in 2026, underlining the growing role of rail in container transport and inland logistics. According to the Polish Office of Rail Transport (UTK) , rail operators transported more than 484,700 intermodal units during the first three months of the year. That represents a 12% increase compared with the first quarter of 2
How the normalization deficit made visible in Pakistan's case Pakistan State LNG's weekend tender for a June 30-July 4 cargo, issued with offers due within a single business day, is a small transaction with an outsized signal
MSC Loreto calls at Karachi Port as one of the world's largest container ships Karachi Port has welcomed MSC Loreto, one of the world's largest container ships, in a milestone call that highlights the port's ability to handle the latest generation of ultra-large container vessels. According to the Karachi Port Trust (KPT), the vessel berthed at the South Asia Pakistan Terminals (SAPTL). The port said the call reflects its continued investment in infrastructure and operation
The quiet maturation of China's tollbooth doctrine On Tuesday, China's Southern Theatre Command and its coast guard announced parallel patrols around Scarborough Shoal, days after joint US-Philippine drills in the same waters
Rhenus launches humanitarian logistics hub in Dubai Rhenus has launched its first dedicated Aid & Relief department in the United Arab Emirates , strengthening its humanitarian logistics capabilities. The new department is based within Dubai Humanitarian , the world's largest humanitarian hub. Rhenus said the facility will support faster deployment of emergency supplies to regions affected by conflicts, natural disasters and other humanitarian cri
Kalmar wins electric reachstacker orders across China Kalmar has secured new orders to supply four electric reachstackers to customers across Inner Mongolia, Tianjin, Shanghai and Hong Kong. The orders were recorded in Kalmar's second-quarter 2026 order intake. Deliveries will continue throughout the second, third and fourth quarters of the year. The machines were built at Kalmar's recently expanded Shanghai manufacturing plant. The reachstackers ar
HJSC wins KRW 212.6 billion South Korean expressway contract HJ Shipbuilding & Construction (HJSC) has been selected as the preferred bidder for Section 3 of the Jecheon-Yeongwol Expressway project in South Korea. The contract, awarded by the Korea Expressway Corporation, is valued at KRW 212.6 billion (excluding VAT). The project covers a 6.4-kilometre section between Jecheon-si and Danyang-gun in Chungcheongbuk-do. HJSC will build a four-lane expressway
cargo-partner strengthens automotive logistics through Slovak rail hub cargo-partner is expanding its role in Central and Eastern Europe through its iLogistics Center in Dunajská Streda, Slovakia. The facility serves as a key hub for automotive, high-tech and intermodal logistics. It has been operational since 2012 and benefits from a direct rail connection to the METRANS intermodal terminal. Containers arriving from ports including Bremerhaven, Hamburg, Rotterdam,
Korean Air expands digital air cargo bookings through Freightos Korean Air has integrated its air cargo services with the Freightos platform, giving freight forwarders direct access to real-time rates, live capacity and eBooking services. The agreement was announced during Air Cargo Shanghai 2026 following a signing ceremony at Korean Air's Shanghai office. The rollout will initially cover major trade lanes from North America and Europe to Asia . Through the
Port Saint John reports record container volumes in 2025 Port Saint John released its 2025 Annual Report highlighting the completion of major infrastructure investments alongside record performance across its container and cruise segments. The port handled 239,364 TEUs of container cargo in 2025, a 29.4% increase over 2024, alongside 25.4 million metric tonnes of liquid bulk and 1.3 million metric tonnes of dry bulk. The cruise sector recorded a record
CMA CGM buys FedEx logistics arm in $1.4bn US push French liner and logistics giant CMA CGM has agreed to acquire FedEx Supply Chain in a $1.4bn deal, adding another large bolt-on to its CEVA Logistics platform. The deal will give the Marseille-based group a much bigger contract logistics footprint in North America, a market it has been targeting as part of its push beyond ...
Norwegian firm scores O&M deal for Poland's first offshore wind farm Aker-backed Føn Energy Services has signed a multi-year contract for the delivery of integrated O&M services at the Baltic Power offshore wind farm in Poland. The contract is a long-term agreement with extension options, covering the delivery of an integrated balance-of-plant operations and maintenance programme for all subsea assets, including foundations and cables, at the ...
VLCC market adapts as Hormuz closure reshapes global crude flows Mette Frederiksen, head of research and insight at Tankers International, writes for Splash on an eventful, historic Q2 for VLCCs. The second quarter of 2026 will be remembered less for freight cycles than for the event that overshadowed them all: the effective closure of the Strait of Hormuz. The world's most consequential oil chokepoint remained ...
South Korea awards nearly 1.8GW of offshore wind projects South Korea has awarded five offshore wind projects totalling 1,786MW in the first half of its 2026 fixed-price contract auction. The latest round drew bids for 3,656MW across nine projects, according to the country's Ministry of Climate, Energy and Environment. Of the capacity awarded, 1,254MW went to fixed-bottom offshore wind, well ahead of the 689MW ...
Fred Olsen 1848 moves floating solar technology closer to market Fred Olsen 1848 has secured third-party verification from classification society DNV for its BRIZO floating solar technology, marking a step towards commercial deployment of the system in more exposed marine and inland water environments. The technical review, carried out under DNV's recommended practice for floating solar photovoltaic systems, concluded that the technology's design methodologies
Mercuria and Eni form global energy trading venture Italian energy major Eni and Swiss commodities trader Mercuria have agreed to set up a joint venture for global energy trading. The 50:50 venture will operate independently and cover oil, biofuels, gas, LNG and related logistics and infrastructure rights. The companies said the business will be structured through a holding company with international trading hubs. ...
Diana keeps pressure on Genco with tender extension Diana Shipping has extended its hostile tender offer for Genco Shipping & Trading, keeping alive one of dry bulk's most closely watched takeover battles. The Semiramis Paliou-led bulker owner said the offer will now expire on July 18, giving Genco shareholders more time to tender their shares into a proposal that has repeatedly been rejected ...
Europe cannot afford to sleepwalk into Chinese-built electric corridors As battery-electric shortsea vessels move from pilot projects to commercial deployment, the strategic question is no longer whether the ships can work, writes Wolfgang Lehmacher. It is who controls the yards, batteries, port power, software and standards that will define the next generation of coastal trade. When Norway's Eitzen Group ordered two fully electric 900 ...
Alcoa moves for South32 aluminium assets US aluminium producer Alcoa has agreed to buy South32's bauxite, alumina and aluminium assets in Australia, Brazil and South Africa in a deal worth $4.1bn upfront. The transaction will see Alcoa pay $3.1bn in cash and issue about 17m new shares valued at roughly $1bn. South32 could also receive up to $750m in contingent cash ...
Jacktel bags six-month extension from Aker BP Norway's Jacktel has received an extension from compatriot Aker BP for its accommodation jackup Haven. The accommodation unit's deal for work at the Valhall field was extended from 15 to 21 months. Haven was successfully installed and connected via gangway at the field on June 2. The firm period of the contract ends on February ...
Oceaneering lines up six months of offshore survey work Houston-based Oceaneering International has secured multi-discipline offshore survey contracts for its Ocean Intervention II vessel to support offshore development programs for an undisclosed international operator. Under the contract, the company will deliver integrated geophysical, geotechnical, and autonomous survey services offshore Trinidad and the US part of the Gulf of Mexico. The program
Aker Solutions lands European offshore wind substation deal Norwegian offshore contractor Aker Solutions has been awarded a contract by an undisclosed customer to deliver an HVDC substructure for a European offshore wind project. Aker Solutions said in an Oslo Bors filing that the contract scope includes engineering, procurement and construction. The company will book the award as order intake in the second quarter ...
Equinor hands Transocean $1bn Norwegian rig deal Swiss-based offshore drilling giant Transocean has entered into an agreement with Equinor for the use of three of its harsh environment semisubmersible rigs on the Norwegian shelf. In aggregate, this agreement represents over $1bn in contract backlog across seven rig years, excluding additional services. The base day rate of $399,000 per day excludes adjustment provisions ...
UK carbon market extends to shipping from today The UK has extended its emissions trading scheme to domestic shipping from today, bringing cargo and passenger vessels of 5,000 gt and above into the country's carbon market. The UK ETS now applies to voyages between UK ports and to in-port activities at UK ports of call, including cargo operations, hotelling and movements within port. ...
COSCO orders 24 bulkers in $1.27bn leasing play COSCO Shipping Development has unveiled orders for 24 dry bulk vessels worth RMB8.66bn ($1.27bn), deepening its ship leasing business with long-term charters back into the COSCO group. The Shanghai- and Hong Kong-listed company said its indirect wholly owned subsidiary Hainan COSCO Shipping Development Shipping will contract the vessels at yards controlled by COSCO Shipping Heavy ...
COSCO-led group wins Tarragona terminal award A COSCO Shipping Ports-led consortium has received an award notification from the Port Authority of Tarragona for a new multipurpose terminal in Spain, adding another potential Mediterranean node to the Chinese group's European port network. The project is valued at around €144.6m, including applicable tax and interest, and remains subject to the creation of a ...
US targets Mexican cartel fuel smuggling The US has moved to disrupt a cartel-linked fuel smuggling network using logistics companies, falsified customs documents and maritime transport to move illicit hydrocarbons between the US and Mexico. The Department of the Treasury's Office of Foreign Assets Control and the Financial Crimes Enforcement Network announced sanctions and a new alert targeting schemes linked to ...
Barrelet takes the helm at ONE Japanese liner Ocean Network Express (ONE) enters a new era today with Till Ole Barrelet formally taking over as chief executive from founding boss Jeremy Nixon. Barrelet, formerly chief executive of Emirates Shipping Line, joined ONE as CEO-designate in May ahead of today's planned handover. Nixon, who has led the Singapore-headquartered liner operator since its ...
Banks extend $1.4bn support for Diana acquisition of Genco Extension of funding from international banks comes as Genco mulls response to Greek owner's revised offer
CMA CGM seals $1.4bn FedEx logistics deal as US expansion accelerates French carrier CMA CGM is set to become one of North America's largest contract logistics operators after agreeing to buy...
Ai Marine link-up with London P&I highlights growing commercial interest in fixed-premium cover A once hard and fast dividing line now looks to be eroding
MSC boosts record orderbook with more LNG-fuelled boxships at Hengli HI Newbuilding contract provides for 10 ships with delivery in 2029, and does not include options
Maritime security industry accused of 'complete failure' in lead-up to Iran war Shipping lawyer Stephen Askins says maritime security companies failed to adequately warn companies of the Iran war in February, asking...
Middle East port update: Wednesday, July 1 In Dubai waters, no underway ship-to-ship operations are permitted until further notice
North Korea's sanctions fleet more active after UN watchdog goes dark Sanctioned North Korean ships are making more port calls and suspected ship-to-ship transfers as UN monitoring fades, exposing a more...
Subsequent voyages don't fulfil missed contractual obligations, High Court rules When it comes to contracts of affreightment, it's not always better late than never
Ukraine war cuts Russian fuel exports leaving room for shadow fleet crude liftings Reduced refinery runs has left crude oil barrels up for grabs in export markets as the Kremlin mulls fuel imports...
Shipbuilding chain 'squeezed' as orders keep coming Greece-based shipbroker says that in the current climate indicative delivery dates should be regarded with caution
The Daily View: A not yet durable peace
Cosco Shipping Development orders $1.2bn dry bulk fleet in leasing push The Chinese state-backed lessor lines up 20-year charters for 24 dry bulk newbuildings as it deepens its push into green...
Daily Briefing Shipping sustains pragmatic approach to Hormuz transits amid political uncertainty | MEG crude exports hang in the balance despite June...
CMA CGM acquires FedEx Supply Chain in $1.4 billion deal The takeover means CMA CGM subsidiary CEVA Logistics will become one of the top contract logistics providers in North America.
Pause IATA's new air waybill rules until legal clarity resolved: forwarders A key freight forwarders group warns that shifting liability onto forwarders - without them having operational control or corresponding insurance coverage - creates legal uncertainty.
MPV sector unsettled by uncertainties over policy, geopolitics Breakbulk and project cargo market drivers are being tempered by government actions and ongoing tensions in global trade lanes.
Good times in liner shipping not over yet, says ONE boss Jeremy Nixon Outlook for 2026 is looking much better than it did at the start of the US-Iran conflict
VLGC futures and spot rates surge amid signs of Middle East fixture activity Freight futures leap after Baltic Exchange's BLPG1 hits all-time high
Controversial voting bill stalls defence spending legislation with MARAD funding Rebellion by lawmakers in Trump's own party sends House of Representatives home for Independence Day with no National Defense Authorization Act debate
US insurance giant Chubb 'refused to pay bill over Dali disaster' Move follows higher-than-expected cost of world's largest ever marine casualty
Ukraine sets out case for attacks on Russian shadow fleet ships Kyiv claims nearly 60 vessels have been targeted by Russia this year
Big names back Isabelle Rickmers in fight against illegal seafarer recruitment fees Manning agency Turtle teams with human rights body to launch new tool
M&A marathon: Is it time for Diana to wave the white flag? This week's Streetwise reviews the new battlefield for Diana Shipping's takeover advances after Genco scored a big proxy win
Greek shipowners extend kamsarmax bulker raid as coal demand fires rates Companies like Castor Maritime and Aquavita International scoop up mid-sized bulkers less than three years old
CMA CGM seals $1.4bn deal for FedEx unit Saade family seeking to further strengthen its role in US supply chain
JERA sets up new LNG, low-carbon fuels and shipping arm New venture to be headquartered in Singapore
Grounding puts Strait of Hormuz container ship exodus at risk Fresh safety concerns threaten the progress carriers are making in clearing vessels from Gulf
Brittany Ferries closes routes as it faces $31m ETS bill Bill comes despite investment in fuel-efficient or LNG-powered newbuildings
Veteran VLCC sold for sixth time in five years at whopping $50m Brokers report the Eclat has a new name after latest deal
Nissen Kaiun sells two capesizes in as many months Japanese shipowner takes advantage of soaring prices for secondhand capes
John Dragnis orders feeder container ships and bulk carriers in China The Greek shipowner has booked a total of five newbuildings worth around $166m
LNG carrier newbuildings surprise with near 60-ship haul in first six months What will next six months bring?
Norden completes Middle East ship exodus as transits remain 'uneven' Danish operator says all seven chartered vessels have crossed the Strait of Hormuz
Container ship aground in Strait of Hormuz, says Iran Incident occurred because vessel took wrong route, according to Tehran
BW LNG named as owner behind FSRU newbuilding for Indonesian business New joint venture for East Java project believed to be backing floating regas unit
CMA CGM targets $1.4bn deal for FedEx unit Saade family seeking to further strengthen its role in US supply chain
German broker Hanse targets sale-and-purchase expansion as it marks first 50 years Hamburg shop was bought by Heinrich Schoeller in 1982
Athens-listed vehicle Y/Knot turns to tankers with $44.1m aframax buy Converted LR2 fetches substantial profit for India's Great Eastern Shipping
Transpetro splashes $427m on ethanol-ready product tankers at Brazilian shipyard Rio Grande to build quartet of MR1s for Petrobras' shipping arm
Eni returns to trading with new Mercuria energy venture New partners to home in on oil, biofuels, gas, LNG and infrastructure
Time to buy after tanker owners catch stock correction 'whiplash' Analysts see upside to shares after prices fall back
'It's not the numbers, it's the story,' says veteran shipping banker as he goes it alone Ole Stenhagen says shipping companies need to back up a good story to tell investors
Wintermar Offshore buys Singapore company to capture uptrend in oil Indonesian owner will also move into the offshore shipbuilding business with $33m acquisition
Diana extends $1.4bn financing package to buy Genco Amount has been cut following takeover target's disposal of two bulkers
Asyad Shipping reveals Oman subsidy for liner services to boost food security National carrier says government will pay half of fuel and insurance costs
Athens-listed vehicle Y/Knot pivots to tankers with $44.1m aframax buy The 105,900-dwt Jag Lokesh (built 2009) becomes the first tanker trading on the Greek stock exchange
Trapped ships in Gulf to weigh on first-half profit, warns Western Bulk Operator still expects to post full-year profit
MPC Container Ships banks $107m in equity raise as it rebuilds cash firepower Private placement was oversubscribed multiple times
Container ships are slowly returning to the Suez Canal, says Drewry However, most of the big ships are still rounding the Cape of Good Hope
Cosco Shipping splashes out $1.27bn to order 24 newbuildings Giant owner contracts four Chinese yards to build grain carriers and newcastlemaxes
'120 miles an hour for 15 years': It's time for Jeremy Nixon to change gears It has been quite a ride for the departing boss of the world's sixth largest liner operator
TQL case on broker transparency heads to oral arguments A lawsuit involving the question of broker transparency, featuring the second-biggest brokerage as one of the parties in a lawsuit, is headed to oral arguments in Washington September 11. The case of carrier Pink Cheetah vs. Total Quality Logistics (TQL) already has recorded a victory for TQL. A judge in the U.S. District Court for the District of Columbia in September dismissed the case in which
CMA CGM hires FedEx executive Moebel to lead Ceva Logistics Ocean shipping and logistics conglomerate CMA CGM late Wednesday named former FedEx executive Patrick Moebel to lead Ceva Logistics, the fifth largest third-party logistics provider in the world by gross revenue, after earlier announcing an agreement to buy FedEx Corp. 's warehousing and distribution business. Moebel replaces Matthieu Friedberg, who was appointed executive vice president, transfo
July 4th Heat: What It Means for Reefer Capacity and Spot Rates Summary View Transcript Extreme heat is scorching the Eastern US, from the Gulf Coast to Canada, with heat index values hitting 114 degrees. This isn't just a weather story; it's a critical freight market update for temperature-controlled freight. We're seeing reefer spot rates and tender rejections near all-time highs. Companies are shifting from dry van to refrigerated transport to protect good
The C.H. Robinson "U-Turn" Case: What It Means for Broker Liability Summary View Transcript A shocking 'U-turn' lawsuit against C.H. Robinson highlights growing tensions around freight broker liability. We discuss why this "ridiculous" case, despite the broker having no involvement in the load, raises critical questions about negligent hiring, tort reform, and the future of broker risk in the trucking industry. Plaintiff attorney Ted Bassett offers his unique per
Fuel Prices: Why They Soar Up Like a Rocket, Fall Like a Feather | Supply Chain Economics Summary View Transcript Ever wonder why fuel prices seem to skyrocket overnight but trickle down like a feather? Breakthrough's Chief Economist, Matthew Muenster, breaks down the operational and market dynamics behind this frustrating reality. Learn how inventory strategies, competitor pricing, and global events dictate fuel costs, impacting everything from trucking to air freight. Discover how i
Rail Freight Boom: US Intermodal Volume Up, But Speeds Crash [Shocking Data] Summary View Transcript US intermodal rail volume saw a robust 10% increase last week, continuing a strong growth streak. However, this surge is causing significant network slowdowns across major railroads, with some experiencing 10-20 month lows in train speeds. Meanwhile, Canadian intermodal volumes are declining, creating a stark contrast in North American rail performance. Bill Stephens of Tr
Liability in Trucking: How Bad Legislation Drives Up Costs Summary View Transcript The trucking insurance market is in turmoil, but the real issue goes beyond 'nuclear verdicts.' Cover Whale's CRO, Myles Oppenheimer, explains how legislative environments and a lack of underwriting discipline are creating a 'self-inflicted wound' that traditional insurers can't handle. We dive into the massive implications for freight brokers and carriers, especially afte
Ruan expands cross-border capabilities with customs brokerage offering Ruan announced Wednesday that it has expanded its international trade and logistics capabilities across the U.S. and Mexico by launching a new customs brokerage service. The Des Moines, Iowa-based company now provides complete, technology-driven customs clearance services, utilizing single-window systems like U.S. Customs and Border Protection's Automated Commercial Environment and Mexico's SAT p
USMCA enters uncertain future after U.S. rejects automatic renewal The Trump administration has declined to renew the United States-Mexico-Canada Agreement (USMCA) in its current form, launching a new phase of negotiations over North America's signature trade pact while allowing the agreement to remain in force. The announcement came Wednesday following the first joint review required under USMCA's "sunset" provision, which calls for the three member nations to
Rising intermodal volume slows big four U.S. rail systems The big four U.S. Class I railroad intermodal networks are slowing down amid a volume surge that's been driven by shippers turning to rail amid high fuel prices and spikes in trucking rates. "The renewed surge in intermodal loads at the four U.S. Class I's since Memorial Day is having the predictable effect on network fluidity, with average intermodal train speed falling to multi-year lows in som
EU crackdown on small parcel imports kicks in E-commerce retailers and logistics providers are scrambling to comply with new European Union customs rules and fees, effective Wednesday, aimed at addressing concerns over tariff fairness, domestic manufacturing, and product safety associated with a wave of low-value imports entering the bloc through parcel channels. The cross-border parcel and air cargo sectors face upheaval after the European
Freight Factoring Rates: How Much Does Factoring Really Cost? If you're running loads consistently but waiting 30, 45, or 60 days to get paid, freight factoring becomes less of a luxury and more of an operational necessity. But before using it, there's a straightforward question every carrier asks : What does freight factoring actually cost-in real dollars? This guide breaks it down without fluff. No vague answers. Only how pricing works, what you'll actual
June manufacturing data supportive of LTL demand Manufacturing activity expanded for a sixth consecutive month in June, albeit at a more subdued pace. A survey of manufacturing supply executives returned a 53.3 reading for the recent month, 70 basis points below analysts' expectations and the May result. The June reading was the second-highest this year and is consistent with 2% real GDP growth, a Wednesday report said. A reading above 50 for t
No June swoon for surging rail traffic It may not be the best of times for U.S. freight railroads, but it certainly is the better of times. Rail freight totaled 521,998 carloads and intermodal units for the week ending June 20, a gain of 7.1% from the same week a year ago. Commodity volume came to 233,259 carloads, according to Association of American Railroads data, up 1.6% from the year-ago week, while intermodal reached 288,739 con
US targets Mexican cartel's cross-border fuel smuggling operation The U.S. Department of the Treasury sanctioned two Mexican nationals and nine companies on Tuesday accused of helping the Jalisco New Generation Cartel (CJNG) run a multimillion-dollar cross-border fuel-smuggling operation. The actions by the Treasury Department's Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) target what officials describe as an inc
FedEx sells supply chain unit to CMA CGM for $1.4B France-based container shipping and logistic giant CMA CGM Group has agreed to acquire FedEx Supply Chain, the contract logistics arm of FedEx Corp., for $1.4 billion in enterprise value, the companies announced on Wednesday. The acquisition, expected to close later this year, would nearly triple the size of the North American contract logistics operations of Ceva Logistics, a subsidiary of CMA C
Transforming Carrier Review Management into Defensible Documentation Carrier vetting has always been a matter of operational necessity for freight brokers and third-party logistics providers. Before you get freight moved, you have to verify authority, check insurance, and confirm safety records. How that review was documented, who signed off, and what was known at the time has rarely received the same attention. The U.S. Supreme Court's ruling in Montgomery v. Car
CSX marks unique status with DC 250 rail event CSX underscored its industry primacy in Washington with a U.S. 250th anniversary event that highlighted its claim as the sole Class I operating in the nation's capitol. The Jacksonville, Fla.-based carrier's All Aboard for America 250 business special rolled into Washington Union Station behind engines 2026 and 250, the first public exhibition of the commemorative locomotives marking the USA 250t
Truck driver accused of using fake documents to steal $2.9M cargo Police in Greenfield, Indiana, arrested a California truck driver after officers recovered nearly $2.9 million worth of tungsten oxide powder that police said thieves stole during a cargo theft in Pennsylvania. According to a June 28 news release from the Greenfield Police Department, officers received an alert around 6 a.m. Saturday regarding a wanted semi tractor-trailer traveling eastbound on
Demystifying Factoring: How It Can Become a Real Business Tool for Carriers Some carriers see it as a practical tool to keep cash flow moving. Others associate it with high costs, confusing agreements, chargebacks, or bad experiences with companies that were not clear from the beginning. And that is the real issue. In many cases, the problem is not factoring itself. The problem is how factoring has been explained, sold, or structured. At Summar Financial, we believe fact
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