CONCOR operates first-ever double-stack export container train from MMLP-Dadri to JNPA
Railways loads more freight across commodities in June and Q1
US import strength, peak-season frontloading, terminal congestion and monsoon risk increasing pressure across key air and ocean lanes, says Dimerco's Asia-Pacific Freight Report
European Union abolishes Customs duty relief for low-value imports; freight forwarders urged to review implications
India secures dominant share of European duty-free steel quotas via FTAs
US supplies record 65% of India's June LPG imports amid Gulf conflict
Panama Canal announces new maximum authorised draft for vessels transiting the Neopanamax Locks
APSEZ cargo volume up in June and Q1
Median vessel turnaround time for container ships at Major Ports sees significant reduction
Shipping lines reorganising port connectivity through regional relay ports and specific export gateways, relying less on major transhipment hubs
India, EU advance cooperation in sustainable ship recycling; three Indian yards ready for EU recognition
China's ports handle record 18.3 bn tonnes of cargo in 2025
Strait of Hormuz remains the ultimate economic chokepoint for Asian markets
CMA CGM Group to acquire FedEx Supply Chain
Kamarajar Port planning for second container terminal
Saronic launches its first Mirage ASV Austin, Texas, headquartered autonomous surface vessel (ASV) innovator Saronic Technologies reports that it has launched its first Mirage. The 52-foot dual-use ASV joins the 24-foot Corsair and 180-foot Marauder as the third
Alabama Shipyard wins $31.3M T-AKE 12 overhaul and drydocking contract Alabama Shipyard, Mobile, Ala., has been awarded a $31,379,212 firm-fixed-price contract (N3220526C1240) for the 91-calendar day shipyard availability for the regular overhaul and dry docking of Military Sealift Command's fleet ordinance and
Listen Up! Podcast: Navigating the triple threat to maritime operations As maritime operations become increasingly complex, vessel operators are navigating more than crowded waterways. Aging bridge systems, growing vessel traffic and the rise of GNSS (Global Navigation Satellite System) jamming and spoofing
Moran Towing and Bisso Towboat complete their integration Moran Towing Corporation and New Orleans-based Bisso Towboat Co. have announced the completion of their integration, effective immediately. They say that the combined organization represents a powerful new force in maritime services
Op-Ed: The case for pressure testing ocean freight strategy amid heightened volatility When the freight market is calm, logistics strategies can appear more stable than they truly are. Capacity is plentiful. Rates are somewhat predictable. Shipments move mostly as planned. But that's not today's
ABS launches new route-based container lashing evaluation tool A new online tool from ABS called Eagle CRoute is designed to help containership operators improve operational flexibility through route-based container lashing reduction factor calculations. Changing port rotations, blank sailings, evolving stowage
Konecranes expands Spanish service network with Coapsa acquisition Konecranes has acquired the nuclear and port crane service businesses of Coapsa Control SL, strengthening its industrial and port services network in Spain. The acquisition became effective on 1 July. The companies did not disclose the financial terms of the deal. Coapsa Control, based in Viladecavalls, specializes in crane services for the nuclear and port sectors. Its activities include inspect
Hapag-Lloyd announces GRI from Indian Subcontinent and Pakistan to North America Hapag-Lloyd will implement a General Rate Increase (GRI) / General Rate Adjustment (GRA) for shipments from the Indian Subcontinent and Pakistan to the United States and Canada. The increase will apply to all cargo transported in 20-foot and 40-foot dry, reefer and special containers, including high cube equipment. Effective 1 August 2026, the carrier will introduce a rate increase of US$1,000 pe
Port of Tokyo's foreign container traffic slips 0.8% in March The Port of Tokyo handled 353,773 TEUs of foreign-trade containers in March, a 0.8% decline compared with the same month last year. According to preliminary data from the Tokyo Metropolitan Government's Bureau of Port and Harbor, loaded containers totaled 258,864 TEUs, down 5%. Empty containers increased 13% to 94,909 TEUs. Exports showed mixed results. Loaded export containers rose 4.6% to 73,63
KONGSBERG wins contract to protect critical infrastructure KONGSBERG has secured a new contract to deliver technologies designed to protect critical infrastructure. The company did not disclose the contract value. The project will support an unnamed international customer. It will focus primarily on underwater surveillance and infrastructure protection. KONGSBERG said the contract reflects growing demand for technologies that protect high-value assets an
DP World launches logistics distribution centre at Sokhna DP World has inaugurated Egypt's first fully integrated Logistics Distribution Centre at Sokhna Logistics Park, marking a significant development in the country's logistics sector and reinforcing the Suez Canal Economic Zone's role as a regional trade gateway. The launch ceremony was attended by Egyptian Prime Minister Dr Mostafa Madbouly and senior government officials, and coincided with the fi
Boluda Shipping expands Tenerife terminal with new STS and hybrid RTG cranes Boluda Shipping has strengthened the operational capacity of its terminal in Tenerife with the addition of two Super Post-Panamax ship-to-shore (STS) cranes and four hybrid rubber-tyred gantry (RTG) cranes. The investment forms part of the company's more than €40 million modernization plan for Boluda Maritime Terminals Tenerife. The new equipment enables the terminal to handle Ultra Large Contain
Hapag-Lloyd introduces PSS for Conakry and Freetown Hapag-Lloyd will introduce a new Peak Season Surcharge (PSS) for shipments to Conakry, Guinea, and Freetown, Sierra Leone, from multiple global regions. For Conakry, the carrier will apply a PSS of US$2,250 (€2,000) per TEU on reefer containers. The surcharge will take effect on 15 July 2026 for cargo originating from Africa, Asia and Oceania, Europe, the Middle East and the Indian Subcontinent,
Chittagong's RSGT terminal slaps four times store rent on LCL cargoes Saudi-based Red Sea Gateway Terminal (RSGT)-run Patenga Container Terminal (PCT), for the first time in its history, has imposed four-times store rent on Less than Container Load (LCL) cargoes to force importers not to stockpile goods beyond the free period. The measures came as repeated calls from the foreign operator failed to ensure importers take delivery of cargoes within 11 days of unpackin
MSC updates multiple freight rates MSC Mediterranean Shipping Company has announced new Freight All Kinds (FAK) base rates for shipments from the Far East to Northern Europe, the Mediterranean, North Africa and the Black Sea, effective 15 July 2026 until further notice, but no later than 31 July 2026. The revised rates apply to cargo from all Far East ports, including Japan, South Korea and Southeast Asia. For Northern Europe, MSC
ZIM launches Falcon service linking Asia with South America's East Coast ZIM Integrated Shipping Services will launch a new container service connecting Asia with the East Coast of South America in September 2026. The new ZIM Falcon Service (ZFS) will operate exclusively with ZIM vessels. The service expands the carrier's Latin America network and strengthens connections between Asia and key ports in Brazil, Argentina and Uruguay . The port rotation will be: Shanghai
A.P. Moller Holding to acquire Ocean Yield from KKR A.P. Moller Holding has agreed to acquire 100% of Ocean Yield AS from global investment firm KKR , strengthening its maritime investment portfolio. Headquartered in Oslo, Ocean Yield owns interests in more than 70 modern vessels across multiple shipping segments, including gas carriers, container ships, LNG carriers, crude, product and chemical tankers, and dry bulk vessels. Since acquiring the c
Greek Shipyards Association unveils manifesto to revive national shipbuilding Greek Shipyards Association unveils roadmap for shipbuilding revival The Greek Shipyards Association (HEN) has unanimously approved a new manifesto that aims to restore the competitiveness of Greece's shipbuilding industry by 2034. The proposal, submitted by HEN President and ONEX Shipyards & Technologies Chairman Panos Xenokostas, outlines a long-term strategy to strengthen both Greek and Europe
Hapag-Lloyd updates AL3 service rotation Hapag-Lloyd will revise the port rotation of its AL3 service connecting Northern Europe and North America, effective 1 July 2026. Under the updated rotation, the service will call Southampton, Antwerp, Rotterdam, Hamburg, Saint John, Charleston, Savannah, Norfolk and return to Southampton. The first vessel to operate under the revised schedule will be the AL MANAMAH on voyage 627W, which is sched
Oman's dual-leverage doctrine How a US$400 million Sohar terminal deal reveals Oman's strategy of turning Hormuz's crisis into a permanent seat at both the commercial and diplomatic table
MacGregor wins offshore crane modernisation contracts in H1 2026 MacGregor has secured a series of offshore load handling modernisation and upgrade contracts during the first half of 2026. The contracts were booked in the company's first and second-quarter 2026 order intake. The projects cover the modernisation of offshore load handling equipment and reinforce MacGregor's position in the global offshore services market. The company said the contracts reflect g
CMA CGM to acquire FedEx Supply Chain in US$1.4 billion deal The CMA CGM Group has agreed to acquire FedEx Supply Chain , a subsidiary of FedEx Corp. , in a deal valued at US$1.4 billion. The acquisition will significantly expand the North American contract logistics business of CEVA Logistics , CMA CGM's logistics subsidiary. The deal will nearly triple CEVA's contract logistics operations in North America. After the acquisition, the combined business wi
"K" Line completes delivery of two LNG carriers for PETRONAS LNG Kawasaki Kisen Kaisha ("K" Line) has completed the delivery of two new liquefied natural gas (LNG) carriers for PETRONAS LNG Ltd. (PLL). The company delivered Puteri Johor on 29 May 2026 and Puteri Kedah on 30 June 2026. Both vessels were built by Hudong-Zhonghua Shipbuilding in China and are owned by joint venture companies of K Line. The two LNG carriers were officially named during a ceremony
Grimaldi takes delivery of ammonia-ready car carrier Grande Oriente The Grimaldi Group has taken delivery of Grande Oriente, its twelfth ammonia-ready pure car and truck carrier (PCTC). The vessel was built by China Merchants Heavy Industries Jiangsu. It is designed for future conversion to ammonia as a zero-carbon marine fuel. Grande Oriente will soon enter the Asia-Europe trade. The vessel will sail from Taicang, China, to Portbury, United Kingdom. It will carr
GXO extends transport partnership with Co-op for five years GXO Logistics has signed a new five-year agreement with Co-op, extending their transport partnership in the UK to more than 20 years. The contract covers GXO's transport operations at Avonmouth, Andover and Lea Green. The company will continue supplying more than 1,000 Co-op stores across the UK. GXO said the renewed agreement strengthens a long-standing partnership focused on improving efficienc
Fincantieri advances Albania shipbuilding plans with training agreement Fincantieri has signed a memorandum of understanding (MoU) in Albania to support the development of a skilled workforce for the country's growing shipbuilding industry. The agreement was signed with KAYO, a company controlled by the Albanian Ministry of Defence, and the "Pavarësia" Vocational Institute of Vlora. The partners will develop training programmes focused on shipbuilding and naval const
KCCI climbs 4.6% as Busan export container rates rise on most trades The KOBC Container Composite Index (KCCI) increased 4.62% during the latest reporting period as container spot rates from Busan rose on almost every trade lane, as Japan International Freight Forwarders Association (JIFFA) reported. According to the Korea Ocean Business Corp. (KOBC), the index reached 3,920 points, approaching the 4,000-point mark. Export rates increased across all major routes e
NFI appoints Jay Schmidt as Senior Vice President of Intermodal NFI has appointed Jay Schmidt as Senior Vice President of Intermodal. In his new role, Schmidt will oversee the company's intermodal operations across the United States, Canada and Mexico. NFI said the appointment supports its strategy to strengthen intermodal services and expand customer relationships across North America. Chief Executive Officer Sid Brown said Schmidt brings extensive rail and
Seanergy turns to Euronext Athens for fleet expansion Nasdaq-listed Greek capesize specialist Seanergy Maritime has launched a public offering in Greece for a five-year corporate bond of up to €100m ($114m). The offering runs from July 6 to July 8, with the bonds expected to start trading on Euronext Athens on July 13. The minimum subscription has been set at €1,000 per investor. ...
Wagenborg and Carisbrooke line up ice-class newbuilds in China Dutch owner Wagenborg Shipping and UK-based Carisbrooke Shipping have teamed up on an ice-class multipurpose newbuilding programme in China. The partnership will see Wagenborg add up to ten 7,400 dwt ice-class 1A vessels to its fleet. The ships will be built at Dajin Heavy Industries to a design from Groot Ship Design, with a mainly ...
Bangladesh's Akij books four bulker newbuilds in China Bangladesh's Akij Resource has moved into the newbuilding market with an order for four bulk carriers in China. The Dhaka-based group has signed with Nantong Xiangyu Shipbuilding & Offshore Engineering for four 63,800 dwt vessels. No price or delivery dates have been disclosed. The deal adds another international name to Nantong Xiangyu's growing ultramax orderbook. ...
UCL launches ship-level climate risk tool for financiers Researchers at UCL's Shipping and Oceans Research Group have developed a new framework to help shipowners, charterers, banks and investors assess which ships are most exposed to climate transition risk. The Climate Resilience Framework is designed to fill a gap left by today's assessment tools, which largely look backwards at historic emissions, current compliance status ...
Tsakos expands LNG fleet with fresh HD Hyundai order Greek owner Tsakos Energy Navigation has ordered a second LNG carrier at HD Hyundai Heavy Industries in South Korea. The New York-listed tanker and gas carrier player said the vessel is expected to deliver in the first quarter of 2029. No price or charter details were disclosed for the latest unit. The order lifts TEN's ...
AP Moller Holding takes over Ocean Yield AP Moller Holding has agreed to acquire Norwegian shipleasing specialist Ocean Yield from funds managed by US investment company Kohlberg Kravis Roberts (KKR). No price was disclosed for the deal, which will see a subsidiary of the Danish investment company take 100% of the Lysaker-based owner. Under KKR ownership, Ocean Yield invested more than $3bn ...
Pirates board and damage tanker south of Yemen A tanker was boarded by armed pirates in the Gulf of Aden approximately 76 nautical miles south of Balhaf, Yemen on Tuesday in the latest attack on merchant shipping. The pirate action group, comprising four individuals armed with RPGs and other weapons, approached the vessel in a small boat. Overtaken, the crew stopped the vessel ...
Hormuz dispute shifts from access to control Indirect technical talks between Washington and Tehran in Doha concluded this week with a narrow understanding to keep the Strait of Hormuz quiet for seven days - buying time for negotiations that are, two weeks into a 60-day window, still deadlocked over the terms of a memorandum of understanding both sides have already signed. The ...
China opens first zero-carbon sea-river electric container route China has launched its first sea-river intermodal zero-carbon shipping route, adding another building block to the country's fast-growing electric vessel ecosystem. The service started with the departure this week of the 10,000-ton-class pure electric containership Ningyuan Dianpeng from Jiaxing port in Zhejiang province to Ningbo-Zhoushan port. The 127.8 m long vessel has capacity for 742 ...
Navguide Solutions: Turning ship inspections into training Captain Debashis Basu says shipping has spent years sending seafarers more checklists, circulars and manuals, while failing to answer a simpler question: what do crews actually need at the point of work? His answer is Guide2Inspections, an app developed by Singapore-based Navguide Solutions to combine onboard inspections, training and mentoring in one offline tool. "We ...
The danger of stories that refuse to fade What the shape of the attention tells us about who is winning in the Strait of Hormuz. By crisis communications consultant Dustin Eno. The Maritime Attention Index (MAI), a standardised measure of how much real attention shipping is getting, has now sat above its long-term average for longer than at any point since we started ...
Norwegian offshore unions enter last-ditch talks to avert wider strike Norwegian unions representing offshore drilling rig and floating platform workers have entered state-mediated wage talks to prevent a wider strike from hitting the country's oil and gas sector. The negotiations involve Styrke, SAFE, and DSO, which together say more than 600 members could walk out first if no deal is reached. According to Reuters, the ...
Kent picked for key role on Scottish floating wind farm Kent has been appointed as the owner's engineer for the Buchan floating wind farm project as it progresses towards a final investment decision and construction by the end of the decade. In its role, Kent will provide integrated technical and delivery expertise. The appointment also includes specialist support from Vekta Group and New Power Partners. ...
Eldorado's Vantage buy highlights offshore drilling consolidation trend The recent closing of Eldorado Drilling's $257.6m acquisition of Vantage Drilling is the latest in a series of merger and acquisition moves reshaping the offshore drilling landscape. Over the past five years, consolidation has accelerated as drilling contractors seek scale, efficiency, and stronger market positioning. There have been several notable mergers in recent years. Noble ...
DOF secures TotalEnergies FSO replacement contract Norwegian offshore vessel owner DOF has won a contract from TotalEnergies for the subsea construction, mooring, disconnection of an existing FSO, and connection of a replacement unit. The contract is for work in the Atlantic region and is part of the FSO Unity replacement project. The scope of work includes engineering, transportation and installation of ...
MSC's megamax fleet expansion is reshaping global container shipping MSC's unprecedented orderbook is turning megamax containerships from specialist assets into the backbone of a global network strategy, accelerating a...
TEN exercises option for second LNG carrier Hyundai-built newbuilding pair set to double Greece-based owner's presence in LNG shipping sector
Seanergy Maritime has go-ahead for €100m Greek bond Move adds to gathering interest among shipowners in tapping capital markets through Euronext Athens
Hormuz crisis sparks surge in shipping contract disputes Charterers tell owners they could - and should - have performed fixtures despite war
Alternative fuel vessel orders fall as large containership demand cools A total of 137 alternative fuel ships were ordered in 1H26, down from 155 in the same period of 2025
AP Moller Holding strengthens shipping investments with purchase of Norwegian ship lessor Ocean Yield Oslo-headquartered Ocean Yield holds interests in 73 ships comprising five offshore vessels, eight bulk carriers, 10 containerships, 16 tankers and...
Curbed crude demand drags Chinese imports to new 10-year low Freight rates from regions other than the MEG to China have fallen sharply from just over a week ago as...
Middle East port update: Thursday, July 2 In UAE, Ruwais and Abu Dhabi petroleum ports are operational. Ruwais PPA (ISPS Level 2) and Abu Dhabi Ports (ISPS...
US court decisions could shake-up Hague Rules impact, warns Gard Development could significantly reduce carriers' limitation exposure
The Daily View: Consistently unpredictable
Daily Briefing Ukraine war cuts Russian fuel exports leaving room for shadow fleet crude liftings | North Korea's sanctions fleet more active...
Latest spike in spot rates could be last hurrah for trans-Pacific carriers With fresh capacity landing on the West Coast, sources say spot rates could start to soften after a four-month bull run driven by cargo frontloading and higher bunker fuel prices.
China-Europe air cargo capacity drops sharply as EU scraps duty-free import rule But despite the initial drop in capacity, sources are not expecting a long-term decline in business on the westbound trade lane.
MSC to resume India-USEC service amid fresh booking surge: sources The carrier announced a month ago it was pulling its Indus Express loop, but new demand and sharply higher rates have caused a change of heart.
Asia port congestion worsens amid bad weather, vessel bunching The delays in Asia helped propel global port congestion to a four-year high, with almost 11% of the container fleet waiting at anchorage as of June 28, according to Linerlytica.
Trump's leading allies in Congress ask for end of Jones Act waiver House speaker and majority leader join 50 lawmakers asking president to let historically-long waiver expire
Bulker damaged as crew retreat to citadel in boarding Indian Navy sends warship to investigate
Bonuses back at Braemar: James Gundy banks $1.5m payday New CEO Grant Foley will be on a more conventional deal given his different role
Marina Procopiou buys fifth property in Norway's 'southern idyll' Shipowner's Kristiansand property spending tops NOK 62m
Danae Bezantakou becomes first woman to lead Piraeus Propeller Club Conference organiser, book author and shipping preacher to the young will occupy president's chair until 2029
Norden hikes profit forecast after ships escape the Strait of Hormuz Owner has successfully extracted all seven of its chartered vessels from the Gulf over the past few weeks
Strong suezmax market teetering amid new competition and lower oil prices Experts ask how much longer spot rates can hold up
Venezuela quakes disrupt container trade as five major carriers divert from La Guaira Lines including MSC and Maersk are forced to halt shipments to key terminal
Bulker damaged as crew retreat to citadel in attempted boarding Incident involving St Vincent & Grenadines-flagged ship investigated by Indian navy
Sanctioned tanker tycoon turns to false Norwegian flag Jugwinder Singh Brar's Glory International has more than 20 tankers, only one of which is legitimately in a flag registry
Wagenborg and Carisbrooke strike for up to 10 ice-class newbuildings in China Multipurpose owners collaborate on fleet renewal
VLCC rates hit as cracks emerge in owners' resolve, brokers say Spot numbers are down one-third as multiple offers come in for one cargo
Fearnleys raids rivals to expand in Geneva Norwegian shipbroker boosts its headcount with staff added from Braemar, SSY and Trafigura
Vale selects trio of owners for 20 triple-fuel bulker newbuildings Newbuilding haul would be ordered at shipyards in China
SDR at 125: Defence Clubs remain vital despite shipping boom, says Wester German defence club's long-serving executive says growing regulatory complexity is creating a new generation of shipping disputes
Advantage Tankers confirms suezmax newbuildings at Samsung Samsung is collaborating with PaxOcean to build tankers
Alternative fuel uptake slippage starts to show in DNV figures Ammonia dual-fuel orders outstrip those for methanol in past six months, but numbers are tiny
Lemos brothers beef up Hengli capesize order and confirm Jiangsu ultramaxes Bulker comeback of Greek owner Enesel just keeps going
Long-term decisions now tougher for cash-rich shipowners, Clarksons Research boss says Stephen Gordon surveys the state of shipping in his six-month review
Adnoc L&S LNG carrier braves Strait of Hormuz return transit in 'dark' mode Vessel is among first to return after ships U-turned last week amid fresh attacks
How war, geopolitics and uncertainty are rewriting the shipping playbook Long-term plans are being torn up and traded in for agility after six months of uncertainty
Hayfin reveals record $17bn fund closing as shipping investments grow UK alternative asset manager closes fifth direct lending tranche
Pivotal moment: Oceanbird finishes installation of massive test wing on car carrier Wallenius Wilhelmsen vessel set to put 560-square-metre wing system through trials
Scorpio Tanker fixes $90m loan for newbuildings as it buys back bonds New facility will go towards four MR tankers in China
AP Moller Holding buys Ocean Yield from private equity firm KKR Danish shipping giant taking over leasing firm with vast contracted cash flows
Braemar sees 'positive momentum' as boss James Gundy transfers power AGM on Thursday will see finance and operations chief Grant Foley take the reins
Samudera splashes $16m on Singapore office space Indonesian shipowner intends to use the space for itself, viewing it as a long-term investment
Climate researchers roll out risk scorecard tool for commercial ship finance UCL says new framework tool is first to offer future asset risk scenarios for charterers, financiers and owners
Seanergy Maritime to tap €100m on Euronext Athens to fund fleet expansion Yet another Greek shipping company raises funds in its home country's capital market
Pelican Aqua starts trading in Oslo as shipowners bet on wellboats Morten Astrup, Arne Blystad and Tor Olav Troim have invested with founder Gunnar Eliassen
Bourbon-linked anchor-handler up for grabs on Chinese auction platform Latest auction offers AHTS with attached bareboat charter and $12.3m valuation
Bangladesh's Akij Resource orders bulk carriers at Chinese yard Nantong Xiangyu to build quartet for industrial conglomerate
Tsakos doubles up on LNG carrier orders at HD Hyundai Owner now has 20 newbuildings on order
Former FMC chief Sola to lead Thorn Run LatAm business team Thorn Run Partners is launching a new business unit focused on what it says is growing economic opportunities in the Western Hemisphere. The launch of the Washington lobbyist's Latin America Business Opportunities Practice comes at a time of growing economic integration across the western hemisphere, "creating new opportunities for organizations seeking to establish or grow their presence in key
Idaho closes its doors to non-domiciled CDL drivers Idaho has become the latest state to eliminate its non-domiciled commercial driver's license program, ending the issuance of Commercial Driver's Licenses (CDLs) and Commercial Learner's Permits (CLPs) to non-residents effective on Wednesday. Under House Bill 667 , commercial driver applicants must now be official Idaho residents and complete the state's standard licensing process. The law ends Id
Ceva Logistics poised to acquire European final-mile courier Paack Ceva Logistics has agreed to acquire parcel delivery service Paack's operating units in France, Spain and Portugal and fold them into Colis Privé, its European last-mile delivery business. The announcement this week was blurred by news that parent company CMA CGM plans to acquire FedEx Supply Chain and has appointed a new CEO for Ceva Logistics. The transaction would enable Colis Privé to strengt
Former Army contractor convicted in $1.1 million Fort Bliss MRE theft EL PASO, Texas - A federal jury convicted a former U.S. Army civilian contractor of stealing more than 200 pallets of Meals-Ready-to-Eat from Fort Bliss. Prosecutors valued the meals at approximately $1.12 million. U.S. Attorney Justin R. Simmons announced the conviction Tuesday. Four defendants charged in theft scheme A federal grand jury indicted Joseph Lavar Davis, 47, and three co-defendants
Tenney Group: Transportation M&A to see 'record-breaking' 2027 M&A advisory firm Tenney Group is calling for a material ramp in transportation and logistics deal flow. "All indications lead to a highly active 2026 and to record-breaking M&A activity in 2027," the firm's mid-year report said. That would mark a meaningful reversal from the past three years. The report noted a big increase in interest and preliminary activity, which should soon lead to more dea
Hormuz in the rearview as Asia-US ocean container rates soar past $7,900 The container shipping market is being driven by geopolitics, rates, and network reshuffling, but freight-rate volatility and adjustments by carriers to protect schedules and pricing has supplanted Middle East disruptions as top-level concerns. Asia-U.S. West Coast prices increased 8% to $6,175 per forty foot equivalent unit (FEU), according to Freightos, a data contributor to SONAR ocean market
Job growth in truck transportation remains muted There were only 1,000 more truck transportation workers being counted by the Bureau of Labor Statistics in June compared to the number the agency counted in April. In four of the last five months, the number of truck transportation jobs reported by the BLS fell, including a 1,300 decline for June, reported Thursday morning by the agency. But in April, truck transportation jobs rose by 5,100. Comb
Freight Factoring Requirements: What Trucking Companies Need to Qualify You can run loads consistently, work with solid brokers, and still feel pressure every week because most invoices take 30, 45, or even 60+ days to get paid. That delay is exactly why freight factoring has become one of the most widely used financial tools for owner-operators and small fleets. It's the fastest way to stabilize cash flow without taking on a loan. But before applying, there's a key
CORCA heads to Senate amid cargo theft debate WASHINGTON - A bipartisan bill that supporters say would strengthen the federal response to organized cargo theft now awaits action in the U.S. Senate. The Combating Organized Retail Crime Ac t, better known as CORCA, passed the House of Representatives by a 348-60 vote in May with broad bipartisan support. Since then, recent criticism of the legislation has questioned whether documented cargo th
Triumph debuts freight RFP management tool Freight contract bids once followed an annual cycle. In today's supply-constrained market, some shippers are now repricing contracts as frequently as every 30 days. Triumph ( NYSE: TFIN ), the Dallas-based transportation finance and technology company, launched RFP Manager on Tuesday to help brokers keep pace with that compression. The tool draws on real transaction and carrier payment data from
Why Trucking Companies Should Hire an Insurance Agent-Not Just Buy Insurance Why Choosing the Right Insurance Agent Can Make or Break a Trucking Company Most trucking companies think about insurance only when the bill comes due or after an accident. But according to Jessica Howington of United Commercial Insurance, that way of thinking can cost carriers far more than money. "The biggest mistake people make is shopping insurance instead of shopping for the right insurance
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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