Op-Ed: Securing U.S. Arctic leadership through collaboration and innovation The current geopolitical landscape is defined by volatility, and uncertainty as ongoing conflicts, shifting trade relations, as well as the ongoing impacts of climate change, are redefining traditional trade dynamics. It is
Scottish Government plans to award Ferguson Marine contracts for four new vessels Under proposals announced in the Scottish Parliament today, the Scottish Government plans to award four new vessel contracts to Ferguson Marine, Port Glasgow. The shipyard says the contracts would provide a guaranteed
Fincantieri books order for two new Viking expedition vessels Fincantieri has booked an order from Viking for the construction of two expedition vessels. In addition, the two companies also signed an agreement for an option for two ocean ships. The value
Seaspan introduces new remote-controlled Dockboy surface prep vehicle Canada's Seaspan Shipyard says that "exciting changes are on the waterfront, complete with tracks and a remote control." Dockboy, Seaspan's new remote-controlled, ultra-high pressure (UHP) cleaning tool is the first of its
Marlink launches new Sealink Multi-LEO satcom service Marlink has introduced Sealink Multi-LEO, a new hybrid connectivity service using the Starlink and Eutelsat OneWeb low Earth orbit satellite networks, with future LEO networks to be added when they become available.
Austal partners up with Damen for Australian Army LST 100 build Austal Defence Australia has contracted Damen Shipyards Group to support the local construction of the Landing Ship Transport (LST) 100 vessels that is to build under the AUD 1.029 billion (about USD
CN Index climbs as Middle East tensions reinforce shipping risk The CN Index rose to 543 this week, keeping global container shipping firmly in the High Pressure range. While freight rates showed mixed movements across major trade lanes, escalating geopolitical tensions in the Middle East significantly increased the risk component of the index. CN INDEX WEEK 10 2026 Freight Markets Show Mixed Signals Pricing across the main East-West corridors remained relati
Global insurers pull war risk cover amid Gulf escalation Global insurers have begun withdrawing war risk cover for parts of the Middle East following the latest military escalation in the Gulf. The move reflects a sharp contraction in reinsurance appetite and has introduced fresh uncertainty for shipowners and charterers operating in the region. Coordinated Cancellations by Major P&I Clubs Leading P&I Clubs, including Gard , Skuld , NorthStandard , Wes
CMA CGM suspends all bookings for key Middle East ports Following the ongoing developments in the Middle East, CMA CGM has announced an immediate suspension of all bookings for several countries in the region. Effective until further notice, the suspension applies to both Ports of Loading (POL) and Ports of Discharge (POD). The carrier stated that this decision is a precautionary measure intended to ensure the safety of its crew, vessels, and custome
Matson to introduce enhanced intermodal cargo security program In response to rising theft across the intermodal industry, Matson, Inc. has announced a new cargo security program in partnership with BNSF Railway and War-Lok . Starting in the second quarter of 2026 , this initiative will add two layers of protection to the majority of Matson's international intermodal cargo at no additional cost to customers. Dual-Layer Protection Strategy The program focuses
Explainer: How the Hormuz paralysis could redraw global trade As US-Iran hostilities grip the Persian Gulf, insurance withdrawals and booking suspensions are doing what no blockade could bringing the world's most critical oil corridor to a standstill
Hapag-Lloyd announces rate increase from North Europe to Latin America Hapag-Lloyd has announced an increase in ocean tariff rates for shipments moving from North Europe to the West Coast of Latin America, the Caribbean, and Central America. The new rates will apply to all sailings starting on April 1, 2026. New Tariff Levels The increase applies uniformly across all standard container types: 20' Container (All Types): EUR 300 increase 40' Container (All Types):
Explainer: How Iran strikes detonate a shipping crisis Operation Epic Fury and the confirmed killing of Supreme Leader Khamenei have shattered a fragile maritime truce. Major carriers are fleeing Suez again and this time, the Strait of Hormuz is also under threat
CentrePort reports first-half profit CentrePort has recorded an unaudited underlying profit of NZD 8.7 million for the first half of the 2026 financial year, placing the port broadly on track to meet its full-year forecast. The result is NZD 0.5 million ahead of the prior corresponding period, with net revenue also marginally above budget, supported by increased volumes across containers, logs and bulk fuel. The half-year result is
Kuehne+Nagel reports CHF 925 million earnings for 2025 Kuehne+Nagel Group generated net turnover of CHF 24.5 billion in 2025. Recurring EBIT reached CHF 1.4 billion. Earnings amounted to CHF 925 million, down 25% from the previous year. The group maintained its global number one position in sea and air freight volumes. Free cash flow surged 48% to CHF 917 million. The company implemented a cost reduction program targeting over CHF 200 million in savi
Middle East Conflict: Carrier Updates Container News provides ongoing updates on container shipping carriers' responses to the escalating conflict in the Middle East
CMA CGM halts dangerous goods bookings for Middle East CMA CGM has decided to stop all Dangerous Goods (DG) and Hazardous bookings with immediate effect until further notice. This decision applies to both imports and exports for the following countries: Middle East: Iraq, Bahrain, Kuwait, Qatar, United Arab Emirates, Oman, and Saudi Arabia. Red Sea / Levant: Jordan, Yemen, Egypt ( Port of Ain Sokhna only), Djibouti, Sudan, and Eritrea. Rationale and
Maersk issues emergency Middle East operational update Maersk is implementing immediate service suspensions across the Middle East in response to the rapidly evolving regional situation. These measures are designed to prioritize personnel safety and cargo integrity while maintaining network stability under volatile conditions. Ocean freight: Immediate suspensions Maersk has moved to significantly restrict cargo acceptance and new bookings across key
Chokepoints under stress The Strait of Hormuz and Bab el-Mandeb have turned into active flashpoints in the escalating Middle East war, choking global energy flows and trade routes after US and Israeli strikes killed Iran's Supreme Leader Ali Khamenei and targeted key Iranian sites starting February 28, 2026
United European Car Carriers lifts newbuild tally to four Oslo-based United European Car Carriers (UECC) is expanding its fleet with an order for two more eco-friendly car carriers in China. The shortsea roro operator, jointly owned by Wallenius Lines and Nippon Yusen Kaisha, has signed for a pair of 3,000 ceu vessels at China Merchants Jinling Shipyard Nanjing. The latest contract takes UECC's orderbook ...
Wallenius Wilhelmsen seals $190m contract renewal Oslo-listed roro and logistics group Wallenius Wilhelmsen has renewed a shipping contract with a global automotive distributor, locking in an estimated net freight value of about $190m. The deal runs for two years firm and includes a one-year mutual extension option. It also features a fixed surcharge covering multi-fuel use, reflecting the company's growing focus ...
3,200 ships caught up in Hormuz paralysis VLCC freight surged to extraordinary theoretical levels on Monday as the war between Iran and the US-Israel coalition roiled shipping in the Persian Gulf, with some 3,200 vessels stuck in the region. The benchmark TD3C from the Middle East to China was quoted at $423,700 a day, up $205,600 from the day before. Brokers cautioned ...
Norwegian tech group advances resilient positioning solutions Kongsberg Discovery has developed a north-seeking micro-electromechanical system (MEMS) inertial measurement unit, which it describes as a major advance in positioning and navigation technology. The solid-state device delivers tactical-grade performance in a small, lightweight, low-power and cost-effective package. It operates without GNSS or magnetometer aiding, making it well-suited to subsea,
Velesto lands five-year jackup deal with Petronas The offshore drilling unit of Malaysia's Velesto Energy has won a contract for one of its jackup rigs from compatriot Petronas Carigali. The Malaysian oil and gas company hired Velesto's 2009-built Naga 2 jackup rig. The drilling activities already started in February and will last for a firm period of five years. The contract is ...
TGS hires PSV duo for North Sea seismic campaign Norway's Remøy Shipping has won new term contracts with Oslo-listed seismic data specialist TGS for two of its managed vessels. TGS hired the 2018-built Seacor Ohio and Seacor Yangtze platform supply vessels (PSVs) for work in the North Sea. The contract has a duration of 160 days firm plus options. Both vessels, owned by US ...
Zurich buys rival insurer Beazley Swiss insurance giant Zurich is buying British rival Beazley for £8.1bn ($10.8bn), having had an earlier £7.7bn bid rebuffed. Beazley, which features a significant marine portfolio, will be delisted from the London Stock Exchange but will remain a UK-based company. Mario Greco, Zurich's chief executive, said: "Leveraging Beazley's established Lloyd's platform, the combined specialty business ...
Naftomar tied to suezmax deal as rates break the $300,000 mark in the Persian Gulf A suezmax deal concluded last week already looks well-timed amid a rapidly shifting geopolitical backdrop. Two years ago, UAE-based VLKR Ship Management acquired the 156,000 dwt Karvounis (built 2013, Sumitomo), paying $67.5m for the scrubber-fitted Japanese unit and renaming it Sigrun. The vessel has now changed hands again, for roughly $2m less. Clarksons noted in ...
When freight fraud becomes a service Wolfgang Lehmacher tells readers about a hacking group called Diesel Vortex. A little-known cyber group dubbed Diesel Vortex shows how freight fraud is becoming a repeatable service. Researchers describe a Russian-speaking operation that stole more than 1,600 logins to logistics platforms. The group turned carrier and broker identities, once back-office details, into an attack surface ...
Union Maritime bulks up with first newcastlemax newbuilds Diversified UK owner Union Maritime has been linked to its first newcastlemax bulker order, with brokers reporting a provisional deal in China for up to four 215,000 dwt vessels. Newbuilding sources said the Laurent Cadji-led company has signed up at around $76m per ship for two firm units plus two options at Wuhu Shipyard, with ...
Asso.subsea lines up another newbuild at China Merchants shipyard Greek offshore contractor Asso.subsea has exercised an option at China Merchants Heavy Industry's Shenzhen yard for the construction of a second next-generation trenching support vessel (TSV). The new vessel, to be named Andromeda, will be a sister ship to Avra, which was ordered in September 2025 for delivery at the end of 2027. Delivery of ...
Performance Shipping orders suezmax pair in China Nasdaq-listed Greek tanker owner Performance Shipping has signed contracts in China for two suezmaxes, expanding its presence in the crude segment. The Andreas Michalopoulos-led company has selected Shanghai Waigaoqiao Shipbuilding for the construction of the 158,000 dwt vessels, costing $81.5m per unit and delivery scheduled in October 2028 and May 2029. Of the four tankers ...
LNG shipping spot rates post record rise as war fallout mounts The war-induced shut-in of Middle East LNG is highly positive for spot shipping rates in the near term. But in...
US signals U-turn on naval convoys to restart Hormuz transits The US had ruled out naval protection for tankers transiting the Strait of Hormuz on Monday, according to industry officials...
British accountant who procured ships for Russia taken off UK sanctions list The UK Foreign, Commonwealth and Development Office has revoked its sanctions against a British accountant who procured ships for Russia's...
Around 200 compliant tankers stranded as Strait of Hormuz closure freezes Gulf traffic Among shipowners, South Korea's Sinokor appears most exposed with six VLCCs in the region while in the suezmax segment Greek...
US, UK and Israeli ships charged three times more than others for Middle East war cover Underwriters confirm up to fivefold jump in pricing for all vessels, but US, UK and Israeli ships could be Tehran's...
Greece's Onex joins with Hanwha with aim of boosting American shipbuilding revival Co-operation agreement signed in Washington brings together Greek and South Korean specialists for critical energy infrastructure as well as developing...
Asian bunker prices rise as shipping braces for tighter supplies with Iran conflict Fujairah prices diverge, in contrast to Asia's response to the turmoil. Supply disruptions are pushing traders to snap cargoes on...
Hormuz crisis ignites Chinese shipping stocks and futures Investors seem to be pricing disruption first and asking about duration later
Middle East ports operational update: Tuesday March 3 As of March 3, there has been no internationally recognised legal closure of the Strait of Hormuz, but Iranian radio...
Performance Shipping inks two suezmax orders at SWS for $163m Greece-based owner has confidence in long-term future of suezmax segment
Hengli hiring spree triggers Nantong call for intervention as labour tensions rise Hengli's rapid expansion and hefty orderbook, amid China's shipbuilding upcycle, are intensifying the scramble for skilled labour
Middle East war is 'black swan' for liner networks, 'catastrophic' for ports The container trade affected by the Middle East war pales in comparison to the oil and gas trades. Nevertheless, speakers...
The Daily View: Timing is everything
Gas loadings continue in Iran despite Hormuz halt Vessels continued loading oil and gas in Iran on Monday as war in the Middle East raged on, although traffic...
Daily Briefing Strait of Hormuz transits collapse as shipping's risk appetite is tested | Shipowners weigh up risk of dark Hormuz transits...
TPM26: Buffer capacity being taken out of Gemini network: Hapag-Lloyd CEO With on-time performance close to the 90% target, Hapag-Lloyd has begun to remove the additional capacity initially built into the network to ensure 90% reliability, Rolf Habben Jansen told the TPM26 conference.
TPM26: Flexport CEO sees AI's impact on logistics accelerating Ryan Petersen said his company went into "code red" last year in transitioning to AI, with the technology's first benefits seen in customs compliance and auditing.
TPM26: Global trade 'still strong' despite uncertainties: Hellmann CEO Amid trade tensions and other geopolitical challenges, ocean freight volumes should remain elevated, according to Jens Drewes.
Air freight backlog set to gridlock Asia airports amid Middle East conflict: K+N CEO Stefan Paul said almost 20% of global air freight capacity from the belly hold of passenger aircraft and via freighter aircraft charters has been cut from the market because Middle East airports are closed or flights have been otherwise canceled.
Carriers pause India-Middle East cargo bookings amid Persian Gulf port chaos While reefer trade is at the center of carrier booking suspensions because of its time-sensitive nature, many mainline carriers have put a stop to all Middle East shipments until further notice.
TPM26: Shipping waits for Houthi reaction to US/Israeli attacks on Iran An expert on Yemen told TPM26 the leadership of the Tehran-backed militant group appears to be split on how best to respond to the attacks on Iran that began over the weekend.
Trump seeks to reopen Hormuz trade by offering insurance to shipping at 'very reasonable price' President says US Navy escorts may be brought in to guide trade through the embattled strait
All crew members rescued after laden, sanctioned LNG shadow ship hit by fire Seafarers found in a lifeboat but condition of vessel unknown as yet
VLCC stocks pare early losses as fear of a global energy crisis leaves Wall Street spooked Tanker listings rose from grim opening numbers but still well down on the day, a rarity after rampant gains
All crew rescued after laden, sanctioned LNG shadow ship hit by fire Seafarers found in a lifeboat but condition of vessel unknown as yet
Laden, sanctioned LNG shadow ship hit by fire while transiting Mediterranean Details finally emerging of 'off-radar' casualty
Hormuz closure a nightmare scenario for fertiliser markets Hormuz is a chokepoint for critical supplies of seaborne fertilisers
DNV engineer Hamid Amini dies in US-Israeli strikes on Iran Industry associates hailing 'brilliant' and 'generous' colleague
VLCC stocks hammered as fear of a global energy crisis leaves Wall Street spooked Tanker listings rose from grim opening numbers but still well down on the day, a rarity after rampant gains
Dramatic video: Greek seafarer captures missile and drone assault on Middle East port Greek crew from nearby ship fear for the lives as huge explosions go off near their vessel
VLCC spot fixture drought broken as Sinokor wins Petrobras deal at stellar rate Tanker sources say DHT-owned vessel will earn $258,000 per day on a round-voyage basis.
Torstein Hagen's Viking spends over $2bn on new cruise ships US-based company is back at Fincantieri for two more expedition vessels
Dynacom tanker punches through Strait of Hormuz - into the Gulf Suezmax takes potentially perilous journey as much of the rest of shipping stays away
DNV's Hamid Amini 'missing' feared dead in US-Israeli strikes on Iran Industry associates hailing 'brilliant' and 'generous' colleague
US owner Mainstay Maritime sells Canadian bulker fleet to Algoma Rebranded Rand Logistics offloads three companies and six ships to northern rival
Frontline chief compares Sinokor tanker spree to Nobu Su's bulker play 20 years ago Norwegian executive says tight markets drove success in both cases
Tanker rates climb to blockbuster levels amid a litany of failed fixtures 'There is very little activity,' Clarksons Securities warns as rates race ahead on paper
United European Car Carriers doubles orderbook with dual-fuel, battery-powered ships Oslo owner and operator expects all four newbuildings delivered in 2028
'Hot and robust' VLCC markets pump DHT stock valuation Analyst lifts target price of tanker owner to $18.20
Angelicoussis locks in $100m five-year VLCC charter Reported fixture of 2016 tanker was the first of such duration in the current spike
Greek owner adds next-generation trenching vessel newbuilding in China Asso Subsea orders second in series of hybrid ships at China Merchants yard
Danish Ship Finance hires ex-Pareto shipping boss Christian Moxon joins from Norwegian family office Glastad
Sinokor spending spree hands London Club largest fleet boost in 'many, many years' Senior executive says the International Group member had an increase in tonnage across shipping sectors
Strait of Hormuz closure: Tanker owners balance 'astronomical' rate promise with long-term pain fears Hormuz closure positive in the short-term, but long-term lock-in may pose difficulties for freight market
QatarEnergy halts production of more export products as region comes under fire Qatar says Iran's targets are not just military but all of its territory
Pacific Basin Shipping weighs impact of Middle East war on dry bulk Tonne-mile demand could receive a boost, the Hong Kong-listed owner-operator said
Tanker stocks sucked into global market slump as Iran risks spooks investors Frontline, Hunter and Okeanis all report a drop in Oslo
Drone hits Fujairah oil storage terminal as Iran targets regional energy hubs Smoke rises from a tank in footage that purports to show incident
'Violent spike' possible for gas carriers amid Middle East disruption, says Harry Vafias StealthGas boss believes his company is well positioned to take advantage of the chaotic situation
Harper Petersen Albis hires tanker broker from Braemar August Ostenfeldt and Finn Ebele join tanker chartering team
Shipowners demanding six-figure LNG carrier rates in overnight 'structural shift' for market Charterers holding out against 'astronomically high' sentiment as fallout from Middle East crisis unfolds
Fearnleys hikes bulker stock target prices amid rising vessel values Analyst Fredrik Dybwad maintains 'buy' rating for the sector
Ocean Yield gets cheaper financing as it prices new $130m bond Leasing player will buy back bonds with a higher credit margin
Navigator banks $134m loan for ethylene carrier newbuildings US-listed owner says ABN Amro, Credit Agricole and Nordea financing Chinese vessels
Aliki Paliou doubles suezmax tanker footprint with newbuilding orders in China US-listed Performance Shipping places its first newbuildings in nearly two years
Tankers will be fixed 'regardless of cost' as theoretical VLCC rates break records Few if any fixtures confirmed since Middle East war broke out
Asian oil buyers look beyond Middle East crude as Hormuz risk rises China and India could turn to increased Russian imports, while other Asian nations may face stiffer competition on the global market
Strait of Hormuz closure traps 3,200 ships inside the Middle East Gulf More than 100 crude tankers are among the vessels not going anywhere for now
VLCC insiders take profits after tanker stock rally Frontline chairman Ola Lorentzon and Hunter CFO Lars Brynildsrud make transactions
BW LPG: VLGC rates spike on Middle East war as cargo buyers pivot to US Shipowner has three vessels in the region but has suffered minimal financial impact so far
Strait of Hormuz shut. Iran will 'set fire to anyone who tries to pass through' Authorities promise fire and fury on any ship that attempts to transit the strait
Shipowners face extra premiums with expansion of war risk zones London insurance market agrees that additional premiums are required across wider area of the Middle East
Asian crude buyers eye alternatives to oil from the Middle East Gulf While China and India could import oil more from Russia, other Asian nations will face greater global competition
Iran officially declares the Strait of Hormuz as closed Authorities promise fire and fury on any ship that tries to pass through the Staits of Hormuz
Middle East shock may be brief, China seen gaining from cheaper Iranian oil: China shipping veteran Shipping veteran sees disruption fading fast, but with China potentially securing more discounted Iranian crude
NextDecade sees Middle East conflict creating major short-term ramifications for LNG market US liquefaction company sets sights on growing out 60 mtpa of capacity as it prepares for first volumes in 2027
Straightship, Dragonfly partner on turnkey U.S.-to-Canada e-commerce service Straightship and Dragonfly recently announced a strategic partnership that aims to simplify northbound e-commerce by offering U.S. retailers a single integration point into the Canadian market. The collaboration pairs Straightship's cross-border logistics expertise with Dragonfly's last-mile network, which covers 96% of Canadian residential addresses. "Canada is a uniquely complex delivery landsc
Kuehne+Nagel to layoff 2,000 workers amid weak demand, AI push A turbulent geopolitical environment headlined by proliferation of global tariff regimes and weak shipping demand took a toll on Kuehne +Nagel in the fourth quarter, as core operating income fell 20% year over year to $432.4 million. The Switzerland-based logistics behemoth's net revenue grew a modest 3% to $2.9 billion. Full-2025 net revenue was $11.4 billion, up only 2% from the prior year, acc
DOT warns motor carriers on RTD noncompliance WASHINGTON - The U.S. Department of Transportation is putting motor carriers and Substance Abuse Professionals (SAPs) on notice that the SAP role as "gatekeeper" for returning drivers to the road following a safety violation is having serious procedural lapses. In a notice published on Tuesday, DOT revealed a trend of "fast-tracked" evaluations and improper remote assessments, along with pressure
Diesel futures and retail prices power higher, outstripping gains in crude The budding Middle East war is sending diesel prices soaring in the futures market, with the usual lagging retail market already posting significant gains. The Department of Energy/Energy Information Administration average weekly retail diesel price, used as the basis for most fuel surcharges, rose 8.8 cents/gallon to $3.897/g, effective Monday, published Tuesday. It is the highest price since Ju
How to Turn Fleet Data Noise Into Signal The modern commercial vehicle is one of the most prolific data generators in the transportation industry. Between ELDs, cameras, trailer sensors, reefer monitors, engine diagnostics, and OEM telematics platforms, a single truck can produce tens of thousands of data points every day. Multiply that across a fleet of hundreds or thousands of vehicles, and the result is an unmanageable quantity of no
Saia's tonnage declines moderate in February Facing tough comparisons to a year ago, less-than-truckload carrier Saia's tonnage declines moderated in February as daily shipment counts turned positive. The Johns Creek, Georgia-based company reported Tuesday that tonnage was down 2.7% year over year in February, an improvement from January's 7% decline. The February result was driven by a 0.3% increase in daily shipments, which was more than
As shipping contract talks begin, Suez Canal traffic "flowing normally," absent major lines Even as major shipping lines withdraw some services and the Iran war widens across the Middle East, the Suez Canal Authority said vessel traffic was humming along through the Middle East trade route. "Traffic through the Canal is flowing normally in both directions," said Osama Rabie, chairman of the Suez Canal Authority (SCA), in a statement Tuesday. Rabie's comments come as shippers and carrier
Laredo secures $58M rail grant to speed up Texas border freight The Texas Transportation Commission has awarded $160.4 million from a new state rail fund - with Laredo landing the largest share at $58.51 million for a major transportation corridor project. The funding marks the inaugural round of the Texas Off-System Rail Grade Separation State Fund Program, a $250 million initiative created by Senate Bill 1555 to address rail crossings not located on the sta
LMI: Freight market recovery in 'full-swing' A monthly report compiling sentiment among supply chain managers said February provided more evidence "that the long-awaited freight market comeback is in full-swing." The Logistics Managers' Index-a diffusion index in which a reading above 50 indicates expansion while one below 50 signals contraction-returned a reading of 41 for transportation capacity in February. That was 6 percentage points l
VIDEO: Iran attacks refineries; CMA CGM shuts down all cargo bookings to Middle East CMA CGM on Tuesday became the latest global container line to suspend all cargo bookings to the Middle East as Iranian attacks brought shipping to a halt in the Persian Gulf. Reports said a half-dozen oil and gas tankers have been damaged in the region. The Athena Nova, a Honduran-flagged bitumen tanker operated out of the United Arab Emirates, was hit by two drones as it attempted to cross the s
Thoma Bravo to acquire WWEX Group, combine with Auctane Private equity firm Thoma Bravo announced Tuesday that is has entered into an agreement to acquire 3PL WWEX Group. Following the acquisition, Thoma Bravo will combine WWEX Group with a current portfolio company, Auctane . The deal will merge WWEX Group's $5 billion freight brokerage platform with a leader in intelligent shipping software, significantly expanding WWEX Group's AI-enabled capabiliti
Alabama family-owned carrier files for Chapter 11 bankruptcy Lila Kate Trucking LLC, a Roanoke, Alabama-based carrier, filed for Chapter 11 bankruptcy protection on Friday. The company is seeking to reorganize under Subchapter V of Chapter 11, a provision designed to streamline restructuring for small businesses. The filing was made in the U.S. Bankruptcy Court for the Middle District of Alabama, according to court records. Assets and liabilities In its vo
Pilot had weaker performance in '25: Berkshire letter Berkshire Hathaway said a lot more than usual about Pilot Travel Centers in its latest quarterly earnings report. Pilot became a fully-owned subsidiary of Berkshire Hathaway early in 2024 after it acquired the last 20% of the business it had not already bought from the Haslam family that founded and controlled the nation's largest network of travel centers. Data and commentary on Pilot's financia
Florida's Fields Are Hurting - What That Means for Reefer Freight Right Now Florida didn't just get cold this winter. It got cold in a way that most growers working those fields hadn't seen in over a decade, and the damage to the state's produce supply is still being tallied. What started as a warning on the weather radar turned into one of the most consequential agricultural events the Sunshine State has seen since Hurricane Ian ripped through in 2022. For anyone moving
XPO's tonnage turns positive in February XPO's tonnage officially returned to positive territory in February for the first time since June 2024. The Monday update from the Greenwich, Connecticut-based less-than-truckload carrier followed a second consecutive favorable manufacturing report released earlier in the day. XPO ( NYSE: XPO ) reported a 0.2% year-over-year increase in tonnage during February as a 3% increase in daily shipments
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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