Davie Defense breaks ground on $1B Gulf Copper shipyards modernization Setting the stage for the return of complex shipbuilding to Texas for the first time in decades, Davie Defense yesterday broke ground on the modernization of the Gulf Copper shipbuilding facilities in
Fleetzero, Thoma-Sea and Glosten team up on autonomous vessel solutions Houston-based Fleetzero reports that it is collaborating with Houma, La., shipbuilder Thoma-Sea Marine Constructors and Seattle-based naval architect firm Glosten to accelerate the development and deployment of integrated autonomous vessel solutions for
IRGC strike hits MSC Sariska V in Um-Qasr UKMTO reports that a vessel was yesterday struck by two projectiles near Um-Qasr, Iraq.The second projectile to strike the ship resulted in a fire that was subsequently extinguished. No crew injuries were
Hamworthy is again a standalone company Following the acquisition of Wärtsilä Water & Waste by Solix Group AB, Poole, U.K., based marine water and waste systems specialist Hamworthy is back as standalone marine environmental systems company and brand.
ONE updates environment surcharge coverage and revises bunker surcharge Ocean Network Express has provided an update on several regulatory and tariff adjustments taking effect from July 1, 2026, covering environmental compliance obligations under both EU and UK emissions trading frameworks and a quarterly revision to its bunker surcharge. Effective July 1, 2026, ONE will commence the mandatory surrender of United Kingdom Allowances for 100% of its verified greenhouse
Explainer:How Beijing could hit back European trade instruments The European Union is preparing to arm itself with a new trade instrument aimed at curbing the flood of Chinese industrial goods into its market
Explainer: Factors that shaped Middle East shipping operations Why a ceasefire alone will not restore global shipping and what the weighted factors of the crisis reveal about the new operating baseline
Swire Shipping restricts container acceptance at two ports Swire Shipping has advised that effective immediately, shipments in 40-foot containers will no longer be accepted to or from Vanimo and Lorengau in Papua New Guinea. Shipments in 20-foot containers will continue to be accepted at both ports without restriction. Customers with cargo movements involving these ports are advised to plan accordingly and contact their Swire Shipping representative for
ANL announces rotation change, port omission and BAF adjustment ANL has issued separate operational notices covering schedule adjustments and a regulatory tariff update. Due to vessel delays at New Zealand ports affecting operations and berthing schedules, Xin Zhang Zhou voyages 076N and 077S will modify their rotation to call Hong Kong after Ningbo, mitigating the risk of further delays cascading through the schedule. The ANL Waikato on voyage 474N has cance
Why a peace deal won't be enough to bring ships back? Shipping executives gathering at Posidonia 2026 have delivered a sobering verdict: diplomatic agreements between Washington and Tehran are a necessary first step but far from sufficient to restore commercial traffic through the Strait of Hormuz
Wärtsilä completes divestments of gas solutions and water & waste businesses Wärtsilä has completed two business divestments, transferring its Gas Solutions unit to Mutares SE and Co. KGaA and its Water and Waste business to Solix Group AB, with both transactions effective June 1, 2026. The Gas Solutions divestment follows the agreement announced in December 2025, while the Water and Waste transaction was announced in February 2026. Gas Solutions generated annual revenue
ONE enhances Asia-South Africa services Ocean Network Express has announced enhancements to its two Asia-South Africa services, the South Africa Connection and the South Africa Service, reflecting the company's ongoing commitment to network optimisation and improved reliability on this trade corridor. The South Africa Connection will operate on a weekly frequency with an updated rotation of Shanghai, Ningbo, Xiamen, Nansha, Singapore,
Maersk introduces and updates surcharges for Australia and New Zealand trade Maersk has announced three separate tariff updates affecting cargo movements to and from Australia and New Zealand, effective from June and July 2026. Port Additional surcharges for both export and import cargo at Port Chalmers, New Zealand, will take effect from July 1, 2026. The rates apply to all container types in New Zealand dollars, with 20-foot units charged at NZ$ 35 and 40-foot and 45-fo
MSC announces Peak Season Surcharges on multiple trade lanes MSC Mediterranean Shipping Company has announced Peak Season Surcharges on two separate trade corridors, both effective July 1, 2026 until further notice. A Peak Season Surcharge will apply to all cargo, including dry and reefer, moving from West Mediterranean and Adriatic ports to the United States, Canada and Mexico. The surcharge is set at US$ 250 per 20-foot container and US$ 400 per 40-foot
HD Hyundai Heavy and BAR Technologies partner to expand WindWings deployment HD Hyundai Heavy Industries and BAR Technologies have signed a memorandum of understanding to accelerate the deployment of WindWings® wind-assisted propulsion systems across newbuild vessels. The agreement establishes a strategic partnership focused on technical collaboration and commercial deployment of the rigid wing sail technology. The companies will work together during vessel design stages
CMA CGM announces Port Congestion Surcharge and Peak Season Surcharges CMA CGM has notified customers of two separate surcharge implementations covering West African and East African destinations, effective from June and July 2026. Port Congestion Surcharge - Freetown, Sierra Leone A Port Congestion Surcharge of US$ 600 per TEU will apply to dry and reefer cargo destined for Freetown, Sierra Leone, settled with freight. For cargo originating from all regions except
Baltic Container Terminal receives quay cranes Two new quay cranes manufactured by ZMPC have arrived at Baltic Container Terminal in Gdynia as part of a joint investment programme between BCT and the Port of Gdynia Authority aimed at modernising the port and reinforcing its position as a key logistics hub in the Baltic Sea region. Full commissioning is scheduled for June 2026. The cranes feature a lifting height of 55 metres and a reach spann
CMA CGM introduces new East Africa PSS from China trades CMA CGM has announced new Peak Season Surcharges (PSS) for cargo moving from China to East African destinations. The surcharge applies to all cargo and takes effect from 7 June and 15 June 2026, depending on origin and destination. For cargo moving from North and Central China to Mombasa, Kenya, CMA CGM will apply a surcharge of US$200 per TEU from 7 June and again from 15 June. Cargo from North
Africa's maritime crossroads: Investment, energy, and the return of piracy A wave of major industry moves is reshaping African shipping but a deteriorating security environment threatens to undercut the momentum
Posidonia 2026 opens its gates as Strait of Hormuz remains closed Posidonia 2026 officially opened in Athens against one of the most challenging geopolitical backdrops in recent maritime history, with industry leaders warning that prolonged disruptions in the Strait of Hormuz and Red Sea are testing the resilience of global shipping and supply chains. The opening ceremony at Athens Metropolitan Expo gathered more than 800 maritime executives, government officia
JAXPORT reaches halfway point on new vehicle berth construction Jacksonville Port Authority has reached the halfway mark in constructing a new vehicle berth at Blount Island Marine Terminal as part of efforts to expand automotive handling capacity. The new Berth 21 is scheduled for completion in early 2027 and will become Blount Island's third dedicated vehicle berth. The project forms part of a US$60 million infrastructure investment designed to increase ope
CMA CGM Notre Dame makes maiden Singapore call The CMA CGM Notre Dame , the world's largest containership currently sailing under the French flag, has made its maiden call at the Port of Singapore. The 24,212 TEU LNG-powered vessel departed on its inaugural commercial voyage from Shanghai and will continue to France and Europe in early July, where it will be officially named in Le Havre on July 2. The vessel The CMA CGM Notre Dame measures 40
Is the next wave already forming in the consolidation of the shipmanagement sector? A decade of mergers, acquisitions and private equity roll-ups has reshaped the sector. But as the dust settles, senior figures across the industry are divided on what comes next - and whether size was ever really the point. The next chapter from our brand new shipmanagement magazine that is being distributed across Posidonia this week. ...
George Economou: A life in shipping George Economou sat down at TradeWinds Shipowners Forum Greece at Posidonia in Athens yesterday with the newspaper's US correspondent Joe Brady for a rare extended conversation about how he built one of shipping's most formidable private empires - and the bond workout, the stock market frenzy, the $2bn drilling debacle and the activist campaigns that ...
AD Ports makes biggest-ever acquisition with $835m Brazil agri-bulk deal AD Ports Group has entered the South American market with its largest acquisition to date, agreeing to buy Brazilian agri-bulk terminal operator Corredor Logística e Infraestrutura (CLI) for AED3.1bn ($835m). The Abu Dhabi-based ports and logistics group said the deal will strengthen its fast-growing agrifoods business while creating a platform for expansion across Latin America. ...
Eastern Pacific and Champion Tankers join forces in IMO II MR tanker pool Eastern Pacific Shipping (EPS) and Champion Tankers have launched a new IMO II medium-range tanker pool, combining eight vessels under a single commercial platform aimed at strengthening their presence in the product and chemical tanker trades. The Singapore-based initiative will begin operations with four IMO II MR tankers from EPS and four from Champion Tankers, ...
North Sea workers set for strike action on Ithaca Energy assets The UK's largest offshore trade union, Unite, has revealed that its members employed by Bilfinger on North Sea assets operated by Ithaca Energy will strike in June over pay. Bilfinger refused to extend a retention bonus to around 20 workers on the Alba FSU and its floating production facility (FPF1). Industrial action will run from ...
Brussels vows to shield shipowners from double carbon charges European shipping companies will not be forced to pay twice for carbon emissions under both European and International Maritime Organization regulations, European commissioner for sustainable transport and tourism Apostolos Tzitzikostas told delegates at the official opening of Posidonia 2026. Speaking at the opening ceremony of the world's most famous shipping event, Tzitzikostas sought to reass
Dali trial delayed after last-minute settlements A federal judge has postponed the long-awaited civil trial over the collapse of Baltimore's Francis Scott Key Bridge after a series of late settlements resolved most of the remaining claims linked to the disaster. The trial, which had been due to begin this week and was expected to run for around five weeks, stems from ...
MSC boxship damaged in blast off Iraq A Mediterranean Shipping Co (MSC) containership has been damaged by an explosion near Iraq's Umm Qasr port in an incident that underscores the increasingly complex security environment facing vessels operating in the Gulf. The UK Maritime Trade Operations (UKMTO) reported that a cargo ship transiting around 40 nautical miles southeast of Umm Qasr was struck ...
VLGC rates still quintuple 2025 levels but down from Hormuz crisis highs The VLGC sector is the last corner of energy commodity shipping that has held on to extreme rate gains from...
Sinokor's buying spree pulls three former shadow fleet tankers into the light South Korea's Sinokor has absorbed three VLCCs with histories in Iranian and Venezuelan crude trades as part of its unprecedented...
Shadow fleet is no longer simply a sanctions evasion problem European governments need to act faster to counter hybrid threats and prevent damage to infrastructure, Polish representatives tell Posidonia
Genco rebuffs Diana for third time New York bulker owner says latest $24.80 per share offer falls short
Global ship recycling yards face quietest market in months Notable sales included the 42,300 dwt forest products carrier Grouse Arrow, marking the third vessel scrapped from the G2 Ocean...
Heroic Idun seizure was 'wrongful act', ITLOS rules No grounds for Equatorial Guinea to suspect VLCC of piracy
Middle East port update: Tuesday, June 2 In Israel, Haifa port and Ashdod port have a limit of 16,000 vehicles to store within the port's limits
Major owners lash out at net zero and shadow fleet inaction IMO decarbonisation blueprint criticised as 'asinine' and 'oxymoronic'
Tankers dominate coordination with PGSA for safe crossings as truce talks stall Iran's grip on the strait is seemingly tight, with an official stating it will continue managing transits even with an...
The Daily View: Steering towards trouble
Genco shareholders should take the money, says Pappas Backing Diana's offer for New York dry bulk rival, Star Bulk chief executive says he would accept the offer 'with...
Daily Briefing Trump tariffs poised to ramp up again soon, another wildcard for shipping | ABS chief warns of widening gap between...
'Scoring' seen giving US LTL shippers pricing leverage with carriers A new platform that would score the dock efficiency of US LTL shippers could help restrain rising LTL costs - if shippers share the data.
Trans-Pacific frontloading drives early peak capacity crunch, rate surge Space on vessels leaving Asia has become tight enough that forwarders are warning customers they must book at least three weeks in advance amid a rush to bring in fall and end-of-year holiday merchandise.
MSC pulls India-USEC capacity amid cloudy market conditions The end of the Indus Express service comes as Indian exports to the US East Coast in April were down 25% year over year.
MSC says ship was attacked while departing Iraqi port in Persian Gulf Iran's Islamic Revolutionary Guards Corps claimed responsibility for the attack on the 3,900-TEU vessel, which the ocean carrier said was "completely unjustified."
Trump's trade chief proposes 25% tariffs on Brazil Brazilian industries, including shipbuilding association, had resisted claim of unfair policies
Low-profile shipowner Valloeby linked to lucrative sales in product tanker exit Brokers say Maltese owner is disposing of its last three handysizes
American Steel: Unmanned vessel interest builds steam as US prepares to open wallet In this week's newsletter, we look at the growing interest in building unmanned vessels as the US military looks to invest in the sector. We also report on developments in a legal fight over a Marquette Transportation barge that hit a bridge and another court battle that could open the door for shipowners to face lawsuits from non-mariners who are injured on their vessels.
Nigeria's Bonny Gas Transport firms up its LNG newbuildings in China Letter of intent finally translated into orders after five months in the making
'Euphoria time': Echoes of 2008 and the canary in the coal mine Shipowners debate the big question of the week as 2026 upcycle hits ominous length
European owner association questions spending of €9bn in ETS earnings Regional regimes are not the answer, but if money is raised then it should be reinvested in shipping, ECSA chief said
Strait of Hormuz toll may be a price worth paying, says Evangelos Marinakis Shipping already pays war risk premia with waterway effectively closed, major Greek owner argues
Russian master abandoned by sanctioned shipowner finally gets home Moscow-based Argo Tanker Group played no role in getting master of ship home after it was detained over unpaid Suez Canal-related debts
Oman eyes up FLNG and fourth train to counter Middle East Gulf disruption IGC chief Abdul Rahman Al Yahyaei says Oman offers 'no destruction, no Strait of Hormuz'
Strait of Hormuz closure continues to hit fuel prices as vessels forced to reroute for bunkers Costas Delaportas says slow steaming should become mandatory to make fuel more available
Low-profile owner Valloeby linked to lucrative tanker sales in product sector exit Brokers say Maltese owner is disposing of its last three handysizes
Cosco Shipping Energy mulls LNG carrier order backed by Shell charters Chinese shipowner is in talks with Jiangnan Shipyard for four newbuildings
Montfort Maritime locks in profit with product tanker sale to Greek interests Swiss trader and shipping company linked to deal for 2012-built vessel
Scorpio tanker makes it through Strait of Hormuz after three months Singapore-controlled product carrier has also exited Gulf as exports trickle out
Russia slates 'Franco-British piracy' after shadow tanker seizure French Navy boarded the false-flagged Tagor in an operation on Sunday off the coast of Brittany
Takeover battle between Diana and Genco 'too close to call', Friedman says Banker runs the rule over bitter M&A drama in the dry bulk space
'We're not happy': European shipowner association questions spending of €9bn in ETS earnings Regional regimes are not the answer, but if money is raised then it should be reinvested in shipping, ECSA chief said
Container freight rates surge to one-year high as peak season drives demand Spot prices jump up to 50% in a week as carriers push through further rate hikes
Low scrap prices yet another barrier for ageing tanker owners Rates remain at elevated levels despite recent declines, but Greek broker points out scrap prices have fallen too
Crack down on dark fleet 'threat' to shipping, association bosses urge More intervention is needed to maintain a level playing field with the same rules for all
Genco spurns higher Diana takeover offer as war of words escalates US-listed bulker owner was the subject of a third bid last week
Adnoc VLCC shipping first Venezuelan crude to China under new US deal Ship tracking shows the Habshan heading to Dalian after loading at Jose terminal
International Seaways returns to newbuildings with product tanker series in South Korea Owner orders up to four LNG-ready product tankers
UniSea buys Kaiko Systems to form new shipping tech group Norwegian and German technology companies announce deal
US judge halts Baltimore bridge legal battle on morning of trial Ship manager says criminal case would have put it at a disadvantage in civil trial
Ioannis Martinos: Greek scion leading the integration of shipping and technology Signal Group founder explains how a love of technology and experience at the family firm helped him build his empire
New Ukrainian and Russian ship attacks 'highly likely' in Black Sea, owners warned Ambrey Analytics says calmer seas will lead to further drone assaults
MOL loses German court battle over car carrier sinking Shipowner claimed battery from Porsche was responsible for Felicity Ace fire
George Procopiou prepares for Strait of Hormuz opening as he repositions tankers in Middle East Ship tracking shows Greek owner has moved six crude and product vessels further into Arabian Sea
More cash in shipping than ever before, says Clarksons Research chief Cargo shipping fleets will earn $450bn in charter revenue this year, according to Steve Gordon
Delfin Midstream inks first FLNG unit with Samsung Heavy Industries Long-awaited final investment decision expected on US' first floating LNG production project
HD Hyundai and BAR Technologies team up to put wind systems on newbuildings Three-year deal announced as ship installations globally top 100, with the number set to double
MSC deeply concerned over 'unjustified' Iranian ship attack Giant shipowner stresses it has no affiliation with US or Israel
Hong Kong's Baozhou Shipping orders up to four feeder container ships Yangfan and Zhejiang Tenglong join forces to handle order
Maria Angelicoussis reveals newbuilding appetite in four sectors Growth and renewal on the menu as major Greek owner shreds fears over tanker orderbook
Scale of fake insurance scam grows as phantom ships set for auction Security expert identifies more tankers that used a fake industry website
Greeks own vessels worth over $200bn and the world's most valuable tanker fleet Data shows dominance in suezmax and aframax markets
Zim brings in former Goldman Sachs man as new boss Experienced executive takes over from Eli Glickman in July
Second attack ignites fire on MSC ship as Iran claims responsibility Revolutionary Guard strike was retaliation for US attack on general cargo ship
Ningbo Ocean teams with Wuchang for feeder newbuilding project Carrier and shipbuilder forge five-year strategic partnership
Evangelos Marinakis boosts Capital Tankers holding as stake nears $1.4bn Greek tycoon pumps another $14m into his tanker start-up's stock
'Greece has a tradition of breaking blockades', says George Procopiou on Strait of Hormuz Dynacom chief says crew are the ones taking risks and shreds the energy transition
BW LPG heralds first-quarter profit surge as Strait of Hormuz rewrites trade flows Owner locks in 85% of second quarter as Middle East disruption drives earnings higher
Solstad Offshore orders new installation and construction vessel The vessel will be owned jointly with charterer SBM Offshore
Heidmar hunts new finance chief as Niki Fotiou leaves after three years Management company 'attracting top financial talent' in search for successor
'Tonight eats tomorrow': Broker Simon Ward has wise words for Posidonia partygoers Athens shop director offers a guide for both first-timers and old hands
Thenamaris returns to Dalian after 30 years for fresh tanker newbuild batch Nikolas Martinos-led shipping giant is rapidly expanding its footprint in LR2 and MR2 product carriers
Harry Fafalios defends Greek skepticism about 'pie-in-the-sky' carbon solutions Head of the London Greeks bemoans the promotion of 'inadequate, unusable or even dangerous' alternative fuels
Chinese owners test bulker market with twin auction sales Guangzhou exchange offers supramax and panamax bulkers at discounts to valuations
Huizhou Rongsheng inks order for its biggest ships as domestic yard moves into tankers WUT plant adds quartet of chemical carriers to orderbook
Second attack ignites fire on MSC ship as Iran claims responsibility Revolutionary Guard navy strike was retaliation for US attack on general cargo ship
PE firm Open Road Ventures acquires intermodal 3PL Double-Stack Private equity firm Open Road Ventures announced Tuesday that it has acquired 3PL Double-Stack Logistics. Double-Stack is an intermodal freight broker that has direct relationships with the Class I railroads. Unlike many 3PLs, it owns assets-a fleet of over 150 intermodal containers. "We take items that typically don't ship intermodal and work with the railroads to come up with a plan to shift an
Texas drops ban on commercial drivers licenses for temporary farm workers The Texas Department of Public Safety has resumed issuing non-domiciled commercial driver's licenses and learner permits to temporary agricultural workers after receiving federal approval under revised U.S. Department of Transportation rules. The move, announced Monday, allows individuals with H-2A agricultural worker visas to once again obtain commercial driving credentials in Texas, effective M
B.C. Bill would make dashboard cameras mandatory on commercial vehicles British Columbia has advanced legislation that would require dashboard cameras on commercial vehicles operating in the province. The measure was introduced as a private member's bill by opposition MLA Ward Stamer. The bill, known as the Dashboard Cameras in Commercial Vehicles Act , cleared third reading with unanimous support in late May. It would require vehicle owners or lessees to install and
More than 2/3 of states granted HOS waiver for hauling fertilizer Drivers hauling fertilizer in 34 states will be able to transport their product for 16 hours in a 24-hour period under a waiver granted last week by the Federal Motor Carrier Safety Administration. Citing a squeeze on fertilizer supplies, FMCSA put the waiver in place between May 26 and August 26. 'As part of (a) coordinated action and in response to a request from The Fertilizer Institute, FMCSA
The Alphabet Behind the Wheel: What ADAS Features Actually Do, and Which Ones Your Insurer Will Actually Credit Why This Matters More Than It Did Two Years Ago Trucking insurance is expensive and getting more so. According to ATRI's 2025 Analysis of the Operational Costs of Trucking , insurance premiums hit a record 10.2 cents per mile in 2024, following a 12.5 percent increase in 2023 and an additional 3 percent rise in 2024. For an owner-operator running 120,000 miles per year, that is $12,240 in insuran
Border Patrol arrests 36 truck drivers in immigration operation U.S. Border Patrol agents arrested 36 commercial truck drivers during a targeted immigration enforcement operation in Arizona, the latest sign of increased federal scrutiny of commercial drivers' immigration and licensing status. Agents assigned to the Yuma Sector arrested 52 individuals during Operation Checkmate, conducted May 11-15, for being in the U.S. illegally. Of those arrested, 36 were o
Box rates soar $1,000 in one week on peak rush Ocean container rates on major east-west trade lanes that held steady a week ago spiked by at least $1,000 per forty foot equivalent unit (FEU) on rate hikes and surcharges that took effect June 1. The ongoing closure to most global shipping of the Strait of Hormuz by Iran has kept container rates elevated but below spiking level, said analyst Freightos (NASDAQ: CRGO ), through fuel cost increase
Saia's tonnage growth accelerates in May on easier comp Saia reported a pickup in year-over-year tonnage growth in its May update issued Tuesday, though the improvement was measured against a softer prior-year result. The Johns Creek, Georgia-based less-than-truckload carrier reported May tonnage growth of 8.4% y/y as shipments grew 3.7% and weight per shipment increased 4.5%. That compared to final results for April, showing a 6.9% tonnage increase a
Texas Supreme Court Limits Shipper Liability in Trucking Crash Case ( The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. ) On May 15, 2026, the Texas Supreme Court issued an important decision in In re Home Depot U.S.A., Inc. The court ruled that Home Depot cannot be held liable for a fatal motorcycle crash involving a Werner Enterprises tractor-trailer that was hauling Home Depot'
Benchmark diesel falls sharply, even as talk emerges of 'tank bottoms' The benchmark diesel price used for most fuel surcharges is now down to a level not seen since a few weeks after the military confrontation between Israel and the U.S./Israel coalition began. The Department of Energy/Energy Information Administration average retail diesel price fell 17.3 cents/gallon to $5.35/g. It's the lowest price since March 23, when prices were surging following the start of
White Paper: Q2 2026 Freight Brokerage Rate Report FreightWaves' Freight Brokerage Rate Report - sponsored by Truckstop.com - provides a review of the previous quarter and a forecast for the coming months. Featuring responses from a freight brokerage survey alongside SONAR data, the report is designed to provide intelligence that brokers can use to inform their strategies in the months ahead. Key areas of exploration include: Key themes to watch
White Paper: Q2 2026 Shipper Rate Report The Shipper Rate Report - presented in partnership with Trimble - is a quarterly publication using SONAR datasets to create the most in-depth rate and demand outlook for shippers. The insights within this paper are curated by the market experts at FreightWaves and backed by the proprietary data and analytics housed in SONAR's platform. Key areas of exploration include: Key themes to watch in Q2 2
White Paper: Q2 2026 Carrier Rate Report FreightWaves' Carrier Rate Report - sponsored by Trimble and Cargowise Landside - provides a review of the previous quarter and a forecast for the coming months. Featuring responses from a carrier survey alongside SONAR data, the report is designed to provide intelligence that carriers can use to inform their strategies in the months ahead. Key areas of exploration include: Key Themes to Watch in
Same Lane, Same Miles, Different Fuel Bills: What's Really Separating Your MPG From Your Neighbor's The Gap Is Bigger Than You Think Picture two owner-operators, both running a regular Midwest corridor. Same general freight, similar weights, comparable miles per week. One of them is averaging somewhere around 7.5 to 7.8 miles per gallon. The other is pulling 6.1 to 6.3. On a week where each truck burns 400 gallons of diesel, that MPG gap represents roughly 60 to 80 extra gallons gone out of one
GlobalX Airlines accuses shareholder of undermining cargo business Global Crossing Airlines has sued Ascent Global Logistics for $30 million in damages alleging the former investment partner reneged on an agreement to steer air cargo business its way and instead assigned charter work to USA Jet Airlines, its expedited on-demand freighter subsidiary with a large roster of automotive clients. Ascent Global Logistics was the largest shareholder in Global Crossing,
Ohio reviews 5,000 nonresident CDLs amid federal compliance crackdown Ohio officials are reviewing approximately 5,000 commercial driver's licenses held by non-permanent U.S. residents following updated federal guidance that has triggered a nationwide reassessment of non-domiciled CDL programs. The Ohio Bureau of Motor Vehicles announced Wednesday that it will contact roughly 5,000 holders of non-domiciled commercial driver's licenses to determine whether their cre
Swearing-in of commissioner returns U.S. maritime regulator to full strength The Sunshine State is having its say in U.S. maritime matters. Robert J. Harvey of Florida was sworn in Monday as a commissioner of the Federal Maritime Commission. The addition returns the five-member panel to full staffing and fills the seat vacated when Carl Bentzel departed in December 2024. Robert J. Harvey A former Special Assistant U.S. Attorney who also worked in securities litigation, Ha
Transportation pricing index logs record growth rate in May A monthly survey of supply chain managers showed extreme increases in transportation pricing during May as capacity continued to dwindle. The Logistics Managers' Index-a diffusion index in which a reading above 50 indicates expansion, while one below 50 signals contraction-returned a 96 reading for transportation prices in May. That was 1 percentage point higher than April and the fastest growth
The Tax Math That Changes Whether You Should Own or Lease Your Truck A Note Before We Start Tax law is not a place for general advice to substitute for specific counsel. The concepts in this article are educational. The numbers used are illustrative. Your actual tax situation depends on your entity structure, your annual taxable income, your state's conformity with federal law, and decisions that need to be made in consultation with a qualified CPA or tax professi
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