Windward AI appoints Ron Kraitsman as CFO Windward AI, whose insights into the Strait of Hormuz situation have been pretty much required reading in recent weeks. has named Ron Kraitsman its chief financial officer (CFO). Kraitsman joins Windward as
Port Houston gets $48M grant for Bayport Terminal expansion Port Houston has been awarded a $48 million federal grant to support the construction of a new container yard and the installation of a new exit gate at the Bayport Container Terminal.
Halifax Shipyard launches first Canadian Coast Guard AOPS Irving Shipbuilding's Halifax Shipyard this week launched the Canadian Coast Guard's first Arctic and Offshore Patrol Ship (AOPS), the future CCGS Donjek. The launch of the first AOPS for the Canadian Coast
ABS acquires RMC Global to strengthen cyber, risk and resilience capabilities ABS reports that, through its affiliate ABS Consulting, it has acquired RMC Global (RMC), a leading provider of industrial cybersecurity, risk management and resiliency solutions. According to ABS, the acquisition strengthens ABS
Metal Shark delivers high-performance RBS III demonstrator Jeanerette, La.-headquartered Metal Shark Boats has delivered its Response Boat Small (RBS) III demonstrator to the U.S. Coast Guard, completing development and delivery within months of contract award. Metal Shark, which is
Port Houston secures grant for Bayport Container Terminal expansion Port Houston has been awarded US$ 48 million in federal funding through the US Maritime Administration's Port Infrastructure Development Program to support the construction of a new container yard and the installation of a new exit gate at the Bayport Container Terminal. The grant will be matched by approximately US$ 56 million in port funds, bringing the total investment to around US$ 104 millio
Neptune Pacific updates BAF levels across Pacific trades and U.S. West Coast Neptune Pacific Direct Line has announced updated Bunker Adjustment Factor (BAF) levels for its Pacific services and U.S. West Coast trade. Pacific trades: mid-May update For Neptune-operated services, new BAF levels will apply from 16 to 30 May 2026 across Australia, New Zealand, and South Pacific routes. Australia South Pacific Islands: USD 669/TEU New Zealand South Pacific Islands: USD 476/TEU
Bunker prices rise on Middle East tensions During the week, the global bunker market resumed a clear upward trajectory, driven by persistent geopolitical tensions in the Middle East and the absence of any visible de-escalation signals. Market sentiment remained firmly supported by supply-side concerns and elevated risk premiums. By the end of the week, the 380 HSFO index increased by US$ 26.54, rising from US$ 737.03/MT to US$ 763.57/MT.
Maersk removes Gwangyang from Asia-West Coast Latin America AC3 service A.P. Moller - Maersk will adjust its Asia-West Coast Latin America (AC3) service by removing a South Korean port from its rotation. The carrier will permanently drop Gwangyang from the service, starting with voyage 619E from Asia, scheduled for 19 May 2026. The change will also apply on the return leg from Latin America, beginning with voyage 624W, departing Balboa on 9 June 2026. Maersk did not
Sea-Intelligence: New Baseline for Delay Absorption In the latest issue of the Sunday Spotlight , Sea-Intelligence analysed the continuing impact of vessel delays on the operational availability of global container capacity. Based on the March 2026 Global Liner Performance data, it is evident that despite carrier efforts to improve schedule reliability, the market has not experienced a reversal to pre-pandemic levels. Instead, global schedule reli
Maersk raises intermodal fuel fees in Australia and New Zealand amid energy cost surge A.P. Moller - Maersk has increased its intermodal fuel fees in Australia and New Zealand as rising global energy prices continue to impact inland transport costs. The updated Intermodal Fuel Fee (EFS/IFS) will apply from 1 May 2026 and will be reviewed monthly. New surcharge levels New Zealand : +27% Australia : Victoria: +18% New South Wales: +18% Queensland: +18% South Australia: +18% Western A
OOCL orders 12 LNG dual-fuel container ships to advance green fleet strategy OOCL has ordered twelve 13,600 TEU LNG dual-fuel container vessels, marking a major step in its transition toward lower-carbon shipping. The company signed shipbuilding contracts with Hudong-Zhonghua Shipbuilding on 29 April 2026. The order was formally announced during a ceremony in Shanghai. First LNG-powered vessels for OOCL The new ships will feature dual-fuel engines capable of running on li
What happens if the blockade holds? Three months into the Hormuz closure, Washington is preparing for a blockade measured in months. For global shipping, the consequences are no longer theoretical they are strutural
DHL grows earnings in Q1 2026 despite geopolitical disruptions DHL Group reported higher earnings for the first quarter of 2026, as it maintained operations despite geopolitical tensions and supply chain disruptions. Profit rises as efficiency improves DHL increased operating profit (EBIT) by 8.3% year-on-year to EUR 1.5 billion . The EBIT margin improved to 7.3% , up from 6.6% a year earlier. Revenue reached EUR 20.4 billion , slightly below last year due t
Iran says US blockade will fail as Trump weighs new military options Iran warned that the US naval blockade is "doomed to fail," as tensions escalate and Washington considers new military action, according to Al Arabiya English . President Masoud Pezeshkian said the blockade violates international law and threatens stability in the Gulf. Oil prices surge The standoff has shaken global energy markets. Brent crude jumped more than 7% to over $126 per barrel, reachin
MSC adds Itajaí call to Gulf-South America East Coast service MSC will update its Gulf to South America East Coast (SAEC) String 1 service by adding a new port call in Brazil. Starting with the MAERSK CHAMBAL voyage 618A/623R, the service will include Itajai between Paranagua and Santos . The addition strengthens MSC's coverage in southern Brazil and creates an additional gateway for cargo flows into the region. The carrier said the change aims to improve n
DH Shipbuilding posts 26.8% margin in Q1, maintains strong profitability trend DH Shipbuilding reported strong first-quarter results for 2026, achieving one of the highest profitability levels in the shipbuilding sector. The company recorded revenue of KRW 308.3 billion and operating profit of KRW 82.6 billion. This translates into an operating margin of 26.8%, continuing its high-profit performance from recent quarters. The result marks the sixth consecutive quarter with m
ONE posts $338 million full-year profit for FY2025 as Middle East costs bite Ocean Network Express (ONE) closed FY2025 with a full-year net profit of $338 million on revenue of $16.62 billion. Both figures fell sharply from FY2024, when ONE posted a profit of $4.24 billion on revenue of $19.23 billion. Revenue dropped 14% year-on-year. Profit fell 92%. Softer freight rates drove the decline, as a weaker supply-demand balance pushed prices lower across major trades. Operat
Konecranes posts steady Q1 performance despite lower sales Konecranes reported a solid start to 2026, supported by stable order intake and improved profitability, despite a decline in sales. Order intake rose slightly to €1.07 billion. The order book increased 7.9% to €3.18 billion, reaching its highest level since 2023. Net sales fell 7.7% to €907.9 million. The company said this reflects seasonal factors, delivery timing and disruptions linked to the M
Explainer: How the UAE chose trade power over OPEC Abu Dhabi's decision to quit the oil producers' bloc is not an energy market move but a formal declaration of a strategic identity two decades in the making. UAE to withdraw from OPEC and OPEC+ effective May 1
AD Ports Group explores Azerbaijan logistics partnership with AZCON Holding AD Ports Group has signed a Memorandum of Understanding (MoU) with AZCON Holding to explore joint development of transport and logistics infrastructure in Azerbaijan. The agreement sets a framework for cooperation across ports, shipping, logistics, and digital trade solutions. Both sides will assess investment opportunities and work on integrated infrastructure projects, including maritime and di
Rohlig SUUS opens new logistics hub in Szczecin to boost regional connectivity Rohlig SUUS Logistics has opened a new logistics center in Szczecin, strengthening its operations in Poland and improving links with Scandinavia and Western Europe. The new facility combines warehouse and cross-dock terminal functions. It replaces two previous locations, allowing the company to improve efficiency and streamline operations. The site covers around 15,500 square metres. It includes
Mission to Seafarers appoints Guy Platten as chairman The Mission to Seafarers, a welfare charity serving merchant crews around the world, has appointed Guy Platten as its new chairman. Platten, a chartered master mariner, brings more than four decades of senior leadership experience to the role, most recently serving as secretary general and CEO of the International Chamber of Shipping (ICS). He takes ...
North Star grows fleet to 14 vessels with latest SOV quartet buy After Norwind Offshore announced it had closed the acquisition of six CSOVs from Edda Wind, UK offshore vessel owner North Star revealed it had completed the acquisition of four service operation vessels (SOVs) from the same company. The transaction takes North Star's offshore wind fleet to 14 vessels, establishing it as the world's largest offshore ...
PSA International boosts China footprint with Xiamen terminal investment Singapore's PSA International has secured an investment in Xiamen Container Terminal Group, which comprises eight container terminals with an annual designed capacity of approximately 20m teu. As part of the transaction, PSA will further increase its investment in the Xiamen Port Intermodal Logistics Hub, enhancing the integration of Fujian's port, supply chain, and intermodal capabilities. ...
ABS expands cyber risk push with RMC Global acquisition ABS has expanded its industrial cybersecurity and risk management capabilities through the acquisition of RMC Global by affiliate ABSG Consulting Inc. The deal brings together ABS Consulting's global reach and technical resources with RMC's expertise in industrial cybersecurity, resilience and critical infrastructure protection, as clients face mounting operational and regulatory pressures. "Clie
Building a new kind of shipmanager in a changing world Julian Panter, CEO of Noatum CSM, explores whether today's shipmanagement models, including tech-led solutions and fast-scaling joint ventures, are truly equipped to deliver consistency across increasingly complex operating environments, and how they will define the next phase of shipmanagement in the Middle East. Shipping in the Gulf is once again drawing renewed attention, highlighting the ...
Orca AI and Samsung Heavy team up to speed autonomous shipping push Orca AI has entered a strategic partnership with Samsung Heavy Industries aimed at accelerating the deployment of autonomous vessel technology across both newbuilds and existing fleets. Under the agreement, Samsung Heavy Industries (SHI) will integrate Orca AI's situational awareness platform into vessels equipped with its Samsung Autonomous Ship (SAS) system, while Orca AI will incorporate ...
Sweden confiscates bulk carrier accused of carrying stolen Ukrainian grain Swedish authorities have formally confiscated the bulk carrier Caffa following a request for legal assistance from a foreign state, deepening an international investigation into a vessel suspected of carrying stolen Ukrainian grain and operating under a false flag. The Caffa, a 96m long bulk carrier, was detained by armed Swedish Coast Guard officers near the ...
FMC issues record $45.6m reparations ruling against OOCL A US administrative law judge has ordered Orient Overseas Container Line (OOCL) to pay a record $45.6m in reparations to the bankruptcy estate of collapsed retailer Bed Bath & Beyond, in a ruling that could reshape how ocean carriers honour service contracts during periods of extreme market disruption. Chief administrative law judge Erin Wirth issued ...
Geneva Dry's digital workshop cuts through the hype to find what actually works Amid a sea of buzzwords, bold promises and AI evangelism, a refreshingly candid panel at this week's Geneva Dry conference attempted to answer the question that shipping's technology buyers most want answered: what is actually delivering results, and what is falling short? The Digital Dry Hard Talk workshop, moderated by Neville Smith from Mariner Communications, ...
Subsea 7 and OneSubsea bag FEED for $12bn oil project off Canada Subsea Integration Alliance (SIA), consisting of Subsea 7 and SLB OneSubsea, has been awarded a front-end engineering design (FEED) contract by Equinor for the Bay du Nord development offshore Canada. The FEED award moves the project from concept definition to detailed engineering, shaping development ahead of the final investment decision. The contract builds on the ...
Norwind expands offshore wind fleet in major vessel deal Norwind Offshore has doubled its fleet by completing the acquisition of six commissioning service operation vessels (CSOVs) from Edda Wind. The transaction was completed in partnership with Navigare Capital Partners. The newly added vessels have either recently been delivered from the shipyard within the past year or are in the final stages of delivery, ensuring ...
Euroseas in fresh China newbuild move Nasdaq-listed Greek owner Euroseas is the latest boxship player to turn to Chinese yards for feeder tonnage, with brokers pointing to a potential order for two 1,800 teu bangkokmax newbuilds. Market talk suggests the Aristides Pittas-led company has lined up Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) for the pair, with deliveries pencilled in ...
Hormuz crisis at two months: a tale of four shipping markets Tanker owners continue to reap the rewards of the Hormuz crisis. Different tanker segments are following different rate patterns as...
IMO carbon price talks risk repeating history IMO politics on the Net-Zero Framework appear unchanged on the big questions, as debate shifts to how much of its...
Lloyd's exposure to Hormuz crisis has potential to be on par with 1990s asbestos crunch Potential payout could top 9/11, covid, hurricanes and California wildfires put together
Euroseas adds four more newbuilds to feeder orderbook Latest quartet includes two optional vessels with high reefer capacity exercised at Huanghai Shipbuilding
Vehicle carrier newbuild deliveries boom as first 10,000-plus ceu ship handed over A milestone in vessel capacity has been reached with the delivery of the 10,800 ceu Glovis Leader. Even larger vehicle...
Cosco announces $2.2bn order for 12 LNG-fuelled boxships Cosco Shipping Holding's new order underscores a strategy to navigate disruptions in the global supply chain by actively upgrading its...
India unveils $5.4bn national fleet expansion amid rising Hormuz risks Facing mounting pressure from the Hormuz crisis, India is fast-tracking a multibillion dollar programme to expand its national fleet with...
The Daily View: IMO outlook: Same-same but different
Middle East port update: Thursday, April 30 Vessel movements in Bahrain have resumed. However, operations remain limited due to the current situation. BAPCO operations remain suspended
Daily Briefing Net-Zero Framework on knife edge at MEPC84 as countries line up for and against carbon pricing | US targets banks...
OOCL ordered to pay $45 million for Bed Bath and Beyond's bumped cargo An FMC judge ruled the carrier committed several violations of US shipping law, including unreasonable practices, failure to meet service commitments, and refusal to deal with the now-bankrupt retailer between 2020-2022.
US LTL pricing rising ahead of industrial demand: XPO XPO and other LTL carriers say contract rates are rising by mid-single digits even though industrial demand remains soft, albeit with some bullish indicators apparent.
UP's revised filing for NS merger boosts number of freight conversions The STB now has 30 days to decide whether the application is complete; a formal review by the regulator would likely stretch for more than a year and include public hearings.
Cosco doubles down on emerging trades as Q1 net profit plunges 49% The carrier and ports group said revenue on all major trades, except its domestic network, fell in the first quarter, resulting in a 13% drop in revenue from container shipping.
OOCL orders its first LNG-fueled ships with $2 billion deal for 12 vessels The Cosco subsidiary said the 13,600-TEU ships have been ordered from Shanghai-based shipyard Hudong-Zhonghua Shipbuilding for delivery between 2028 and 2030.
ONE expects 11% decline in FY26 net profit due to war in Middle East While acknowledging a "volatile geopolitical landscape," the carrier nonetheless says its forecast for the year assumes "operational conditions will stabilize to pre-conflict levels by summer."
Fuel charges complicate rush to ink new trans-Pacific service contracts Mid-size importers are generally satisfied with the base rates contained in their 2026-27 service contracts, but many are at the mercy of ocean carriers as to how emergency fuel surcharges are being handled.
Zim shareholders overwhelmingly approve $4.2bn takeover by Hapag-Lloyd But shareholders reject compensation plan for executives and board members
Royal Caribbean shares rise as better-than-expected earnings overshadow outlook cut Middle East war and fuel costs lead to reduction in earnings guidance
China Merchants Port profit rises as cash flow weakens Earnings edge higher as working capital and investment income shift
Emerging CO2 trade gets real with first Bimco time charterparty New form has been drafted to allow its use for other liquefied gases
Tanker market finds delicate balance as oil prices surge to multi-year highs Enough cargoes exist for the time being to keep the market profitable, ABG Sundal Collier analyst Petter Haugen says
Acquisitions on radar as Raymarine pushes into commercial shipping Gregoire Outters tells TradeWinds why the time is right to broaden parent tech group Teledyne's offering
Euroseas orders four vessels to lift newbuilding tally past $500m Greek boxship owner contracts two 2,800-teu and two 1,800-teu vessels
Clarksons pounces on Peruvian broker Serpac in latest Americas push Takeover reflects demand from a growing client base on west coast of South America
Greece slams 2050 decarbonisation goal as Net-Zero Framework compromise looks unlikely Shipping minister warns industry would pass further costs on to consumers, causing 'huge inflation'
Knutsen LNG France brings in new president Ludovic Gerard heads out to pursue other projects
US marshals its supporters for net-zero defiance Supporters of US plans are confident they have the numbers to block fund to drive energy transition
Genco-Diana M&A battle: Did John Wobensmith's dual role come with a dual purpose? This week's Streetwise takes a second look at Genco Shipping's decision to add 'chair' to John Wobensmith's resume last August
Andrianopoulos clan sets up new tanker arm to handle raft of incoming carriers Following its mighty push into tankers, Cape Shipping sets up new, in-house management arm for them
Asset security can 'evaporate overnight' if geopolitical risks ignored, leading banker warns Societe Generale's Paul Taylor says old financing models are no longer enough in an uncertain world
Reederei Nord signs first newbuilding deal in a decade to break into large bulkers The company has already lined up employment contracts for the 211,000-dwt vessels
Clarksons' head of panamax bulkers leaves the company Richard Haines has worked for the shipbroker since 2017
Norway's maritime sector on track to miss emissions targets as more investments needed Targeted measures could reduce emissions from sector by 27% by 2035, report says
Guy Platten takes on chairman role at Mission to Seafarers Charity calls former International Chamber of Shipping boss one of industry's most respected figures
Clarksons' head of panamax bulkers has left the company Richard Haines has worked for the shipbroker since 2017
Norway's maritime sector on track to miss emissions targets as more investments needed Targeted measures could reduce emissions from sector by 27% by 2035, report says
BASF moves to take first LNG carrier on long-term hire to shift incoming US volumes Single requirement comes with multiple chartering options
Vroon lines up ship sales as it logs biggest profit since banks moved in Restructured Dutch owner says 2026 looking positive
Capital Maritime seen extending capesize order play at Hengli Shipbuilding Chinese yard giant's large bulker orderbook climbs towards 40 vessels
Shipping heavyweight Guy Platten takes on chairman role at Mission to Seafarers Charity calls former International Chamber of Shipping boss one of industry's most respected figures
Norden closes Athens office after 15 months Company said closure is a 'strategic adjustment'
Neda Maritime orders two capesizes at Hengli Cape orders have been stacking up at the favoured Chinese yard
Iran war upheaval prompts Fearnleys container stock re-rating Analyst sees strong demand for small and midsize vessels from liners
Pelagic Credit readies additional ship buys as it starts with a profit Newly Oslo-listed owner says asset values are too high to risk spot market plays
Oil surges as blockades set to cause months of disruption Cost of Brent barrels hit highest levels for four years amid concerns over renewed air strikes and export cuts
US-sanctioned tanker breaks through Strait of Hormuz blockade as transits dwindle Double blockade choking off ship traffic as deadlock remains
SFL banks $75m at a premium in Oslo bond tap issue Tap issue was priced at 103.5% of par
Idan Ofer builds stake in Constantine Logothetis-backed green fuel operation Sulnox now working with 100 shipping companies to cut emissions
Pareto Bank shipping book falls as Middle East conflict tempers tanker business Lender sees increased exposure in second quarter
Middle East war expected to eat into Ocean Network Express earnings in 2026 Asian liner giant predicts further decline after net profit plunges 92% in 2025
Oldendorff and Cosco pay an extra $12,800 per day for Diana Shipping bulkers Stronger dry cargo markets push up rates for capesize and ultramax
Pareto Bank shipping book falls Middle East conflict tempers tanker business Lender sees increased exposure in second quarter
John Fredriksen and Idan Ofer share $100m profit after wind ship fleet sale Wilh Wilhelmsen Holding is also in the money as Edda Wind vessels change hands
Danske Bank boosts shipping exposure as it targets Norwegian growth Lender targets increasing market share in Norway
Greek owner Blue Seas makes kamsarmax splash with former Ghandour ship Sigalas family firm expands into a new class of bulkers
MOL profits halve as container slump and costs bite Japanese owner flags further earnings pressure as trade uncertainty and costs mount
Middle East war expected to eat into Ocean Network Express's earnings in 2026 Asian liner giant predicts further decline after net profit fell by 92% during its 2025 financial year
Samudera's bunker expenses soar on Middle East conflict Container freight rates slipped in the first quarter as trade uncertainty weighed on demand
CSSC profit boom underscores China's shipbuilding consolidation path Mega-merger and pricing power drive earnings boom as backlog swells
Europe surge offsets US slump as tariffs cloud trade outlook for ports operator Hutchison HPH Trust flags shifting trade flows and rising cost pressures
State of Freight: Freight recession 'over' as demand builds into summer The April installment of the State of Freight webinar , hosted by FreightWaves CEO Craig Fuller and Head of Freight Market Intelligence Zach Strickland, pointed to a freight market that remains structurally tight-even as seasonal softness and macro uncertainty cloud near-term visibility. From geopolitical disruptions in the Middle East to upcoming enforcement events and summer demand patterns, th
First look: Schneider National Q1 results Multimodal transportation provider Schneider National beat first-quarter expectations Thursday after the market closed. The company also reiterated its full-year earnings outlook. Schneider ( NYSE: SNDR ) reported adjusted earnings per share of 12 cents, 2 cents above the consensus estimate but 4 cents lower year over year. Consolidated revenue of $1.4 billion was flat y/y and just shy of the $1.
DHL Group boosts profit despite lower shipment volumes, revenue DHL Group revenues dipped during the first quarter, but operating profit improved 8.3% behind strong performance from the Express and Supply Chain divisions despite disruptions caused by the conflict in the Middle East and negative currency impacts. DHL Express revenues slumped 1.9% to 6 billion euros, equivalent to $7 billion, but earnings before taxes and interest jumped 20.6% due to aggressive
SONAR Sitrep: US industrials, freight unexpected winners in Iran war Contrary to consensus expectations, the ongoing conflict in Iran isn't just a geopolitical risk - it is actively widening the U.S. industrial cost advantage. While global competitors in Europe and Asia are grappling with surging gas prices and heavy war-risk premiums, the United States is emerging as a structural winner in heavy manufacturing. The catalyst? The unique mechanics of "associated gas
Make it make sense: Low demand, rising rates on the trans-Pacific The stalemate in the Iran war has been anything but for ocean container spot rates on the trans-Pacific. While there has been little diplomatic progress between Washington and Tehran toward ending the conflict, the ongoing blockade of the Strait of Hormuz by United States forces has been fueling (pun intended) higher ocean prices during a traditional lull prior to the start of the peak shipping s
XPO could soon see sub-80% ORs Less-than-truckload carrier XPO is seeing the fruits of ongoing self-help initiatives, which are now intersecting with improving demand. The company said Thursday that it won market share at "above-market" rates during the first quarter. A leaner cost structure helped drive margin outperformance in the period, pushing earnings past analysts' expectations. Share gains in local accounts (SMBs), mor
US alcohol distributor shutters major operations, cuts 4,600 jobs Republic National Distributing Co. (RNDC) is planning widespread layoffs and facility closures across the U.S. as part of a sweeping restructuring plan. The closures and layoffs are tied to the sale of RNDC key assets to Reyes Beverage Group, according to WARN filings and company documents. Texas-based RNDC, a major wine and spirits distributor, said the moves could impact thousands of workers na
Saia eyes margin turnaround amid improving demand After $2 billion in network investments, less-than-truckload carrier Saia is expecting to soon see a payoff as cost and operational enhancements are converging with better demand. The company is also seeing more freight opportunities now that it runs a national network. Saia ( NASDAQ: SAIA ) reported first-quarter earnings per share of $1.86 on Thursday before the market opened. The result was fl
STB chairman, industry leaders to headline Future of Rail Symposium REGISTER NOW: Secure your seat for the Future of Rail Symposium CHATTANOOGA, Tenn. - FreightWaves and TrainsPRO have announced the Future of Rail Symposium: The Decade Ahead , an exclusive one-day summit for rail industry executives, stakeholders, and regulators. The event will take place on July 28, 2026, at The Signal at the Chattanooga Choo Choo. As the North American rail industry reaches a c
Kodiak AI and Bosch begin hardware deliveries for autonomous trucks Kodiak AI said Thursday that Bosch has begun delivering critical hardware for its autonomous trucks. The move comes just four months after the companies announced their partnership in January. The Mountain View, Calif.-based company is now testing camera samples from Bosch. It has also completed early prototype integrations into its SensorPods. Those are the proprietary modules that house the com
First look: XPO cruises past Q1 expectations Greenwich, Connecticut-based XPO reported first-quarter results that were well ahead of analysts' expectations on Thursday as its less-than-truckload unit won share at above-market rates. XPO ( NYSE: XPO ) reported adjusted earnings per share of $1.01, 13 cents ahead of the consensus estimate and 28 cents higher year over year. The adjusted EPS result excluded transaction and restructuring costs.
CVSA Roadcheck in 12 days, is a $77,000 fine in your future? International Roadcheck 2026 is scheduled for May 12 through 14. During those 72 hours, enforcement personnel across North America will inspect commercial motor vehicles and drivers to ensure compliance with regulatory requirements for vehicles, cargo, and drivers. Inspectors primarily conduct the North American Standard Level I Inspection, a 37-step procedure that examines the driver's operating
Westport advances natural gas trucks with ACT Expo CNG system launch Westport announced Thursday that it is bringing its next-generation compressed natural gas (CNG) fuel storage and delivery system to ACT Expo 2026. The announcement marks the first North American demonstration of the technology, which the company says can match diesel performance while running on widely available CNG. The system will be showcased at the May 4-7 event in Las Vegas on a Volvo VNL 3
Union Pacific, Norfolk Southern file revised merger application Union Pacific and Norfolk Southern on Thursday submitted an amended merger application to the Surface Transportation Board, seeking approval for the first all-freight transcontinental railroad they say will drive growth, lower costs for shippers, and strengthen the U.S. supply chain. "After completing the additional work requested by the STB, the facts remain clear: This merger enhances competiti
Houston, We Have Liftoff: Bot Auto achieves first humanless commercial run Houston, known for NASA and putting a man on the moon, has completed another milestone, this time without any humans aboard and involving a Bot Auto autonomous truck. The company announced Thursday that it has completed the first fully humanless, over-the-road commercial truckload in American history. The haul occurred the night before. A Bot Auto autonomous tractor hauled commercial freight 231
Why the freight industry is going to Washington In a recent episode of the Fraud Watch podcast , I sat down with Dale Prax Strategic Fraud Advisor for Truckstop.com , to break down how bad actors are entering the system and why that conversation is now moving to Washington, DC. What came through clearly in that discussion is that the challenge is not only the incidents themselves, but how the system allows them to occur. In May, leaders from a
Montgomery broker case before SCOTUS featured topic in Robinson's earnings call (A first look at C.H. Robinson's earnings can be found here. ) With a Supreme Court decision looming on broker liability that could have a huge impact on the 3PL industry, the brokerage that led the charge at the nation's highest court had its opportunity Wednesday to tell the world what it thinks might happen on the outcome of the case. In an earnings call with analysts after the release of its
Amazon pushes delivery speed as Q1 revenue surges to $181B Amazon's core e-commerce engine showed renewed momentum in the first quarter, with rising unit volumes, faster delivery speeds and improving logistics efficiency helping offset heavy capital spending tied to AI and infrastructure. Seattle-based Amazon reported adjusted earnings per share of $2.78 on $181.5 billion in revenue, up 17% year over year and the fastest pace since the tail end of pandem
Augment makes first move into $8 trillion distribution sector Augment has acquired Merlin, a stealth AI company focused on wholesale distribution. The move gives the supply chain AI platform its first foothold in the more than $8 trillion U.S. wholesale distribution sector. It's an industry that still relies heavily on legacy systems and spreadsheets. The deal brings distribution industry veteran Alex Moazed to Augment as president of wholesale distribution
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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