Wärtsilä completes spark gas conversions on three Chevron LNG carriers In a collaboration first announced in September 2024 and aimed at reducing methane slip, Wärtsilä has now successfully completed the conversion of one engine in each of of three LNG carriers operated
Master Boat delivers Defiant, third of eight tugs ordered by Maritime Partners Coden, Ala.-based Master Boat Builders Inc. has delivered Defiant, the third in a series of eight tugboats being built for Maritime Partners LLC. "The delivery of Defiant marks the third tug in
Hanwha Philly Shipyard appoints Hyuk Kim president Hyuk Kim has been named president of Hanwha Philly Shipyard, Inc. (HPSI). In that role he will lead the yard's expansion and transition to dual-use shipbuilding. He succeeds David Kim, who played
Ports of Indiana announces leadership transition Ports of Indiana reports that Jody Peacock concluded his service as chief executive officer of the port authority effective November 1. On that date, COO Dave Parrott and CFO Erica Jackson began
Swire Shipping raises emergency bunker surcharge Swire Shipping will increase its Emergency Bunker Surcharge (EBS) across several international and Pacific trades. The revised rates will apply to shipments with a Bill of Lading dated on or after 15 November 2026. For shipments from major global regions to Pacific destinations, the surcharge will rise to US$535 for 20-foot containers and US$1,070 for 40-foot units. Trade direction 20-foot 20-foo
Spirit of Melbourne renamed TW Vijay Maersk has announced that the vessel Spirit of Melbourne , deployed on its OCEANIA service, has been renamed TW Vijay. The name change took effect on 27 October 2026 following a change in the vessel's ownership. Maersk did not identify the new owner or announce any related changes to the vessel's deployment or OCEANIA service schedule. The post appeared first on Container News.
Port of Gävle signs agreement with VAROPreem Sverige Gävle Hamn AB has signed a new 25-year agreement with VAROPreem Sverige, giving both parties long-term stability and predictability. The agreement covers land for terminal operations and sets the framework for VAROPreem's long-term use of the port's land, facilities and infrastructure. It builds on a partnership that dates back to the early 1960s. The Gävle terminal is an important part of VAROPr
Haparanda-Gothenburg rail service opens an export corridor A new rail connection between Haparanda and the Port of Gothenburg will launch on 5 November, giving Finnish and northern Swedish industry a way to consolidate cargo in Haparanda before onward transport to global markets. For cargo moving from Oulu to Asia, the solution is expected to cut transit time by eight days compared with traditional transport routes. Haparanda's position on the Swedish-Fi
Wärtsilä completes methane reduction upgrades on three Chevron LNG carriers Wärtsilä has completed engine conversions on three LNG carriers operated by Chevron Transport Corporation, marking the first phase of a project aimed at reducing methane emissions from LNG-powered vessels. The work involved converting one Wärtsilä 50DF engine on each vessel from dual-fuel operation to spark gas technology. The modification is designed to reduce methane slip, which occurs when unb
Ryder acquires Efficiency Enterprises to expand US fleet network Ryder System has acquired Efficiency Enterprises, expanding its truck rental, leasing and maintenance network across the eastern United States. The acquisition closed on 1 November 2026. As a result, Ryder adds six facilities across Florida, New York, Maryland and Delaware. The deal also brings approximately 1,200 fleet and equipment units into Ryder's operations. These include more than 900 truc
Explainer:The UAE is buying control of the journey Abu Dhabi's new export push widens its Hormuz bypass into a bid to control the whole journey of a barrel, and makes Fujairah the place where that ambition will be tested
Hanwha Philly Shipyard secures first US Navy shipbuilding contract Hanwha Defense USA has secured its first US Navy shipbuilding contract after being selected by TOTE Services to construct a Medium Landing Ship (LSM) at Hanwha Philly Shipyard. The initial contract is valued at US$269 million and covers one vessel, with options for three additional ships. The agreement marks an important step in Hanwha's expansion into US naval shipbuilding. The selection was ann
Contships reports US$33.3 million nine-month profit Contships Logistics reported a profit of US$33.3 million for the first nine months of 2026, supported by high fleet utilisation and firm charter rates. Revenue reached US$129.8 million during the period, while cash generated by vessel operations totalled US$43.8 million. The company achieved fleet utilisation of 98%. Its average daily time charter rate, after commissions, stood at US$15,734. Cont
KONGSBERG expands underwater surveillance technology for port security KONGSBERG has launched two new sonar systems designed to improve underwater surveillance, navigation and the protection of critical maritime infrastructure. The Norwegian technology group introduced the Aegir17 and Aegir57N, expanding its Aegir Subsea Situational Awareness (SSA) family to three commercially available models. The systems are intended for applications including port security, fixed
Port of Hueneme advances container export plans amid auto cargo decline The Port of Hueneme is developing a new container export initiative targeting agricultural shipments from California to Asian markets, as the port seeks to diversify cargo activity following a decline in automobile volumes. The initiative was outlined during the port's 2026 State of the Port presentation, held in late October and detailed in an announcement issued on 2 November. According to the
Gemini's Suez return puts network flexibility to the test The Gemini Cooperation's latest return to the Suez Canal raises a question that goes beyond sailing distances: how much flexibility can Maersk and Hapag-Lloyd gain as they rebuild a network originally operated around the Cape of Good Hope? The partners' decision to reroute their India-Europe IOS/ME1 service through the Red Sea, announced on 2 November , adds another connection to a growing group
Kazakhstan and Azerbaijan sign agreements for Caspian ferry system and Baku terminal Kazakhstan and Azerbaijan have signed two agreements to develop transport and logistics connections across the Caspian Sea, including a proposed ferry system and an intermodal cargo terminal at the Port of Baku. The agreements were signed during a meeting between Kazakhstan's sovereign wealth fund Samruk-Kazyna and Azerbaijan's state-owned AZCON Holding on 2 November 2026. The initiatives aim to
Descartes integrates ocean container tracking into SAP platforms Descartes Systems Group has integrated its MacroPoint Advanced Ocean Visibility solution with two SAP transportation platforms, providing shippers with improved container tracking and multimodal shipment visibility. The integration connects Descartes MacroPoint with SAP Business Network Freight Collaboration and SAP Business Network Global Track and Trace through the Descartes Global Logistics Ne
AD Ports Group appoints Afif Saif Al Yafei as new CEO AD Ports Group has appointed Dr. Afif Saif Al Yafei as its new Group Chief Executive Officer, succeeding Captain Mohamed Juma Al Shamisi, who has led the company since 2014. The leadership change comes as the Abu Dhabi-based ports and logistics group continues to expand its international operations across maritime transport, port management and integrated logistics. Al Yafei joins AD Ports Group
China tests who governs Taiwan's eastern waters A Chinese coast guard ship off Taiwan's east coast broadcast a short radio message: it was carrying out law enforcement, and help was available if anyone needed it
Container freight rates diverge as NYFI rises and Drewry WCI falls Global container freight rates presented a mixed picture in the latest weekly assessments, with the NYSHEX Freight Index (NYFI) recording increases across all five monitored trade lanes while Drewry's World Container Index (WCI) and the Freightos Baltic Index (FBX) declined. The contrasting movements were particularly evident on the Transpacific, where NYFI reported higher rates on both US coasts
Ernst Russ sells 803 TEU containership Ernst Russ AG has agreed to sell the 803 TEU containership Mirror , with delivery to its new owner scheduled for January 2027. The Hamburg-based shipowner did not disclose the sale price or identify the buyer. As the handover will take place next year, the transaction will not affect the company's assets, financial position or earnings for the 2026 financial year. The vessel was built in 2007. It
NAVTOR introduces real-time AIS streaming in NavFleet platform NAVTOR has introduced AIS streaming to its NavFleet platform, allowing shipping companies to monitor vessel movements with more frequent position updates and improved operational visibility. The new functionality forms part of NavFleet version 2.7.1, which is now available to existing monitoring subscribers. It uses NAVTOR's digital infrastructure to collect and transmit vessel AIS data, helping
MABUX: Bunker prices remain volatile in November According to Sergey Ivanov, Director, MABUX, October's global bunker market remained under strong geopolitical and supply-side pressure. Middle East tensions, disruptions to oil product flows, tight regional fuel availability and rising LNG prices continued to support bunker quotations. The key market drivers included: Middle East Conflict: Continued instability around the Strait of Hormuz sustai
What Washington's Somalia port designation really signals On 27 October 2026, the US Coast Guard quietly added a new name to its list of states whose ports fall short of international antiterrorism standards
Céline Mortier elected new President of WISTA International WISTA International has elected Céline Mortier as its new President, succeeding Elpi Petraki, who completed four years in the role. The appointment took place during the WISTA International Annual General Meeting and Conference in Kuala Lumpur, Malaysia, from 28 to 30 October 2026. Céline Mortier, WISTA International President Mortier previously served as President of WISTA Belgium and is CEO of
DP World launches China Africa Link weekly service DP World's Shipping Solutions AMEA business will launch the China Africa Link, a new weekly service designed to strengthen maritime connectivity between the Far East and the growing markets of East and Southern Africa. The service is scheduled to commence in late November 2026 and will give customers greater choice, enhanced market access and more resilient supply chains. The rotation calls at Sh
Port of Gdansk recorded increased cargo handling The Port of Gdansk handled 65.2 million tonnes of cargo between January and September 2026, compared with 59.1 million tonnes in the same period of 2025, an increase of more than 10%. General cargo, and containerised cargo in particular, accounted for the largest share of the growth. General cargo totalled 23.5 million tonnes, 3.6 million tonnes or 18 per cent more than a year earlier. Containeri
ELPI nets double Middle East offshore vessel deal Indonesian offshore vessel operator PT Pelayaran Nasional Ekalya Purnamasari (ELPI) has secured a three-year charter contract worth $12.04m with UAE-based Atlantic Maritime Group. The contract covers two crewboat vessels, Kazo Agility 2 and Kazo Agility 3, which will support offshore hook-up and transportation activities in Saudi Arabia, the United Arab Emirates, Qatar, and Bahrain. Indonesian ...
Keppel secures $51m extension for Saudi jackup Singapore's Keppel has secured a five-year bareboat charter extension worth approximately $51m for its AD110 jackup rig with Saudi drilling contractor Arabian Drilling Company. The agreement, signed through Keppel subsidiary RigCo Holding, will run from 2026 to 2030, directly continuing the existing charter. The rig is currently operating offshore Saudi Arabia for an undisclosed Arabian ...
BW Offshore gets Norwegian funding boost for floating wind ambitions Norwegian floater specialist BW Offshore is planning to deploy two of the world's largest floating wind turbines on its BW Ideol foundations after its Fram Wind Solutions joint venture secured NOK1.94bn ($210m) in state funding support. The 37 MW project will feature two 18.5MW turbines installed on BW Ideol's patented Damping Pool floating foundations at ...
Ernst Russ offloads another feeder in fleet reshuffle German shipowner Ernst Russ has sold another feeder containership, continuing to trim its older boxship exposure while building up its tanker and multipurpose fleet. The Frankfurt-listed company has confirmed the sale of the 2007-built, 803 teu Mirror, without disclosing the buyer and price. The vessel is expected to change hands in January 2027. The disposal ...
Efficiency and the new economics of shipping's decarbonisation Oskar Levander from Kongsberg Maritime writes for Splash today. For almost two decades, efficiency has been routine good practice in shipping. Owners have cut fuel burn and improved hull and propeller performance. These useful measures were often treated in isolation as cost control. However, this approach no longer fits the complexity facing the sector, nor ...
Contships locks in fresh CMA CGM and ONE feeder deals Greek feeder containership owner Contships Logistics has secured two new charter deals with CMA CGM and Ocean Network Express (ONE), adding contracted employment as it prepares for an extensive fleet renewal programme. The Nikolas Pateras-led company disclosed in its third-quarter earnings report that the Contship Sky had been renewed with CMA CGM at $16,250 per ...
Grimaldi lines up 10 car carrier newbuilds in China Italian shipping group Grimaldi is lining up another 10 car carriers at Chinese shipyards, including a series of 11,000 ceu vessels that would become the largest in its fleet. The Naples-based owner has signed letters of intent with China Merchants for five next-generation 10,000 ceu pure car and truck carriers (PCTCs) and with CSSC's Guangzhou ...
Stefanou brothers snap up modern capesize from Oldendorff The Stefanou brothers have snapped up their youngest capesize to date, paying just under $50m for the 2017-built, 179,120-dwt William Oldendorff. The Jinhai-built vessel is a rare find, with only a handful of modern capesizes changing hands this year. The Greek owners have firmly committed to the second hand market this year, having already added a ...
Ports falling further behind shipping's alternative fuel revolution Ports are failing to keep pace with the extraordinary growth in alternative-fuel ship orders, raising the prospect of a two-tier global bunkering network where large parts of the merchant fleet struggle to obtain the fuels their vessels were designed to burn. A new 65-page report from Lloyd's Register (LR), Fuel for Thought: Ports, reveals that ...
October deluge brings Panama Canal lake levels back towards normal A surprisingly wet October has brought much-needed relief to the Panama Canal, with Gatun Lake recovering to near its historical average despite warnings that a powerful El Niño could trigger another prolonged drought. New research from Ursa Shipbrokers, drawing on Panama Canal Authority data, shows Gatun Lake averaged 85.80 ft (26.15 m) over the first ...
MINSHIP and Oskar Wehr launch joint shipmanagement venture German shipping companies MINSHIP and Oskar Wehr have launched a joint shipmanagement venture, BellRock Maritime, with an initial fleet of 12 vessels and ambitions to expand into third-party management. The company commenced operations yesterday, combining the partners' technical management, crewing and QHSE activities from offices in Hamburg and Schnaittenbach, Bavaria. The partners each hold 50
Hornbeck lands five-year Shell deepwater services deals US offshore services player Hornbeck Offshore has secured multiple agreements with Shell for deepwater well intervention and vessel support work in the US Gulf of Mexico. The contracts cover riser-based well intervention, riserless well intervention, stimulation support, and marine transportation services. Hornbeck will deploy a well intervention vessel equipped with an intervention riser system,
Valaris keeps rigs busy with latest contracting spree Offshore drilling company Valaris has racked up $600m in new contracts and extensions, led by a $290m deal with BP in the US Gulf of Mexico and a string of fresh drilling awards across its global fleet, pushing its total contracted backlog to around $4.8bn. The company has won two drillship contracts since it announced ...
Singapore VLSFO back above $1,000 for first time since March The cost of fuelling ships has climbed back above $1,000 a tonne in Singapore for the first time since March, as the prolonged Iran conflict continues to drive up bunker bills across the global merchant fleet. Data from Ship & Bunker show very low sulphur fuel oil (VLSFO) broke through the $1,000 threshold on October ...
Transocean's latest contract haul boosts backlog to $8bn Offshore drilling giant Transocean has secured approximately $2bn in additional contract backlog following a string of new drilling awards and extensions across its global fleet, including fresh work for two drillships in the US Gulf of Mexico and Equatorial Guinea, as well as contracts covering operations in India and Norway. Two drillships bagged new contracts. ...
Splash Singapore unveils 2027 agenda with three new sessions tackling shipping's biggest challenges Splash Singapore has unveiled the agenda for its 2027 edition, introducing three new sessions examining crewing, operational efficiency and maritime investment alongside traditional tanker and dry bulk market outlooks. The conference returns to the Stamford Ballroom at Raffles City Convention Centre on Thursday, September 23, 2027, building on the success of its inaugural edition earlier ...
How US midterm elections could impact course of Hormuz crisis Iranian attacks were, at least in part, designed to raise energy prices at the expense of Trump's allies in Congress...
The Daily View: Black Sea escalation is redrawing shipping's risk map
Vafias turns again to South Korea for more tankers Two very large crude carriers and a brace of long range two product tankers bring Greek owner's orderbook to 20...
Black Sea shipping war escalates as owners challenge Romania and Bulgaria calls Attacks spreading towards Nato coastlines are driving up risk across the western Black Sea, with some owners now seeking to...
UK can extradite seafarers for alleged offences on foreign vessels Decision clarifies that ships are not part of sovereign territory of country of registration
Suez recovery accelerates as distorted tanker trades push crude volumes above pre-crisis levels October was the Suez Canal's busiest month since shipping abandoned the Red Sea, but surging crude tanker traffic shows that...
US LNG producers reap windfall while carriers miss out US LNG producers are raking in as much as $105m per cargo amid supply disruption from the Hormuz crisis, but...
Seafarer killed as attacks on shipping persist in Strait of Hormuz Two commercial vessels were struck in separate incidents on Monday after a fatal attack on an India-flagged cargo dhow
Vast majority of cargo on burning boxship bound for Brazil either severely damaged or totally lost A fire on Espirito Santo Express broke out while the vessel was en route to Santos, Brazil, in mid-October
Potential pirate mothership freed by commandos Authorities warned the fishing vessel could be used as a platform to launch attacks on commercial vessels
Hormuz crisis drives shipping costs to more than 30% of barrel value, Adnoc chief executive says Gas and fuel markets are also seeing severe shortages because of shipping disruptions as the UAE oil major bets on...
Daily Briefing How much longer can the Hormuz stalemate last? | Russia and Iran challenge IMO shipping lane debate as conflicts threaten...
Zim launches third China-USWC express service to tap freight surge The latest express service from the carrier comes as spot rates in the eastbound trans-Pacific hover near their 2026 high late into the traditional peak shipping season.
FMC to host detention and demurrage 'research symposium' The event aims to foster a greater understanding of how charges for container usage and storage can best incentivize cargo flow, the US Federal Maritime Commission said.
BNSF boosts New Mexico manpower to manage freight flow after flood The railroad is metering the movement of containers destined for inland hubs in order not to overwhelm the terminals with cargo; it could be another week before service returns to normal.
TFI looks to build non-union US LTL network beyond TForce Freight The plan, revealed by TFI CEO Alain Bédard, is to build an asset-light less-than-truckload network using contractors while its unionized subsidiary TForce regroups under new management.
Gemini partners say will shift India-North Europe service to Suez routing All the vessels deployed on the ME1/IOS loop are operated by Hapag-Lloyd, which industry observers believe points to a more consequential shift in the carrier's overall risk assessment of the Red Sea corridor.
Navigator Gas hikes share buybacks after earnings surge past expectations Utilisation rebounds after customers take a two-month pause in third quarter
Korea P&I seeks legislative change amid mounting competition Long-term target is to join International Group but it needs to build finances first
New seafarer app launched by Pradeep Chawla aims to combat mental health stigma Former ship manager says some staff are not re-employed after receiving wellbeing support
Russia claims attack on ship and Odesa port as US gears up to mediate peace talks 'Working-level negotiations' to take place in Abu Dhabi next week
New Jersey governor seeks to block Russian diesel imports as tankers divert Eyes on EastMed tanker that Thanassis Martinos says is awaiting charterers' orders
Panamanian police seize drugs in containers at Atlantic and Pacific ports Operations spanning both sides of isthmus find 234 packages of suspected narcotics
International Seaways formally seals Bruton acquisition Four new $200m VLCCs are bound for New York tanker owner's fleet
Torm boss Meldgaard's bonus under microscope after shareholder pay revolt Danish company pledges to re-examine pay following investor concern
Calm before storm? Ardmore reports quiet quarter but strong forward guidance Analyst predicts record quarter and dividend coming for Ireland-based tanker owner
Germany fires up Stade FSRU-based terminal ahead of winter Deutsche Energy Terminal welcomes first LNG carrier
Trafigura pumps $1bn into US refinery takeover to keep crude flowing Trader and shipowner will take stake in CVR as it acquires oil facilities from Marathon Petroleum
Filipino cabin steward accused of rape on Carnival Corp cruise ship UK home secretary to decide on extradition to Bermuda
Veritas Tankers heads to China for up to six new chemical carriers Swedish owner signs for two firm specialist ships at Nantong Rainbow Offshore
JP Morgan lifts newbuilding drive to $5bn amid bulker pivot Bank's shipping boss tells TradeWinds that new orders beat secondhand ships for long-term charter players
Adnoc zones in on LNG with XRG's North West Shelf stake buy Gas arm follows Qatar's lead but with a short-term purchase of TotalEnergies volumes
Messina cashes in on soaring container ship values with double sale Italian carrier sells its two largest ships after asset values more than doubled in less than two years
Performance Shipping cuts stock dilution risk with $3.6m warrant buyback Palios family-backed tanker company negotiated private deals with holders
Aramco probing new oil export routes as pipeline expansion plans advance Executives silent on where or how much, but engineering process is said to have started
Evergreen and Yang Ming join Red Sea liner return as Zim sits on the sidelines Latest service restorations mean all major carrier alliances are now on course for a full Suez Canal return by early 2027
Latest aframax cargo cements Black Sea refiner's break with Russian oil Tankerska Plovidba ship transports crude to Georgian plant
Harry Vafias adds VLCCs and product tankers to $2bn orderbook Greek owner now has 20 oil carriers under construction
Carbon Shipping fixes product tanker from ExxonMobil for five years Oil company relet taken by Singapore operator working on behalf of Dubai trader Quantum Global
Iran claims attack on three ships in Strait of Hormuz as Tehran expands 'blacklist' Iranians raise the stakes ahead of US elections
Wartsila converts engines on Chevron LNG carriers in methane emissions cut pilots Another trio of vessels is lined up for the switch
'Many segments appear relatively expensive': DNB fund manager underweight on shipping Fund manager is only overweight bulker stocks
Latest aframax cargo cements Black Sea refiner's break with Russian oil Tankerska Plovidba ship transports crude to Georgian plant
Green ammonia bunkered to CMB.Tech bulker in Australia first Fortescue-chartered newcastlemax takes on certified green ammonia at Port Hedland
Expanding shipowner AD Ports brings in former Adnoc man as CEO Afif Saif Al Yafei joins Abu Dhabi group from TAQA Transmission
Car carrier stocks rise powered by 'extraordinary Chinese exports' ABG Sundal Collier, Arctic Securities and DNB Carnegie hike ratings
Seacon four-ship product tanker deal shines light on resale market Hong Kong owner divests two recently delivered vessels and two under construction
GTT beefs up Asia firepower by appointing executive David Colson to new role Former commercial director signs on from his new base in Shanghai
Athens-listed tanker owner Y/Knot clinches lucrative aframax charter 'Leading' trading group fixes crude carrier on short-term charter at $175,000 per day
Torm boss Meldgaard's bonus under microscope after shareholder pay revolt Danish company pledges to re-examine pay following investor concern
Frontline gets sell rating as Danske Bank looks beyond 'peak disruption' Analyst warns investors of more downside than upside
Windward boosts dark ship tracking power with takeover of Azimut.ai Maritime intelligence operation makes first foray into shore and ship sensors
Fire severely damages 'vast majority' of cargo on Hapag-Lloyd container ship Operator says it will take considerable time to bring Espirito Santo Express to port of refuge
Commandos liberate vessel from pirates in Indian Ocean Indian Navy says all seafarers are safe after retaking potential pirate mother ship
Law firm Penningtons hires shipping finance expert from rival Gary Walsh joins as a partner in London
Buttery family executives bank $1m from share buyback after bulker sales Other bosses and directors also rewarded for asset disposals
Alternative fuelled vessel ordering up 57% in first 10 months of 2026 Container ship contracting boosts LNG dual-fuel ship numbers in October
Swire Bulk hires new commercial director from Norden Rasmus Takechi-Hansen will join executive team of dry cargo outfit
Ismini Panagiotidi books debut newbuildings with Hengli quartet Owner orders kamsaramax series to join Greek wave at world's largest private shipyard
Eastern Pacific Shipping rattles brokers with Chinese capesize auction Idan Ofer-led company's online sale is worrying S&P specialists
Greek rising star highlights the opportunities and risks of China's ship finance boom Others warn owners to use China's yards and financing without assuming today's freight markets will persist
Cargill signs up for Neptune hull-cleaning robot trials in Singapore Commodities giant to test AI-powered cleaning and inspection
Precious profit nearly triples as dry bulk market surges in third quarter Profit soars on firmer dry bulk rates and new tanker income
Wista International picks Belgian chief Celine Mortier as new president Bogerd Martin CEO elected at Kuala Lumpur AGM as Elpi Petraki steps down after two terms
Port authorities remain the block to seafarer shore leave, says ITF Senior official says improved documentary checks and rights for seafarers could improve poor record of shore leave
Tanker investors face a dangerous six-month gamble, analyst warns Daejin Lee questions whether vessel buyers are paying enough attention to freight market signals
Yangzijiang Maritime adds product tanker quartet to orderbook Company now has 32 MR tankers on order
First look: GXO Logistics Q3 revenue hits $3.6B GXO Logistics reported third-quarter revenue of $3.59 billion, a 5.7% increase from a year earlier, as the global contract logistics provider secured more new business and expanded its sales pipeline to record levels. The Greenwich, Connecticut-based company (NYSE: GXO ) said Tuesday that organic revenue grew 6.4% during the quarter ended Sept. 30, its fastest pace in more than three years. GXO a
Walmart in $6B Symbiotic deal to automate warehouses Walmart has agreed to expand its commercial agreement with Symbiotic Inc. to automate an additional 25 U.S. regional distribution centers. Symbiotic ( NASDAQ: SYM ) is an AI-powered warehouse automation and robotics company headquartered in Wilmington, Massachusetts. Walmart ( NASDAQ: WMT ) will initially invest about $6 billion over several years to install high-tech equipment for moving cases a
Trucking group's lawsuit threatens to upend federal carrier registration system A federal appeals court challenge to the U.S. Unified Carrier Registration (UCR) system could disrupt annual registration fees paid by trucking companies and threaten funding for state commercial vehicle safety programs, according to the organization that administers the program. The Small Business in Transportation Coalition (SBTC) filed a petition Oct. 20 with the U.S. Court of Appeals for the
Logistics Alert: Capacity SHRINKS for 11 Straight Months The latest ISM Manufacturing PMI and LMI reports confirm what many in logistics already feel: demand is strong, but capacity is heavily constrained. Learn why transportation capacity is in contraction for the 11th straight month, pushing freight rates and diesel prices significantly higher. We break down the key numbers from October's economic data, including surging production and new orders, co
Diesel Prices Collapse, Then Rebound: What's Driving Volatility? The diesel market is experiencing extreme volatility, dropping sharply then rebounding on geopolitical news. With inventories critically low and refining capacity still a concern, experts warn of potential price spikes. Get the latest on heating oil demand and the factors keeping the market on a knife edge. Ultra-low sulfur diesel on the CME exchange plunged 25.45 cents per gallon on the December
Why Your Trucking Insurance Costs Are Rising & How to Fight Back Control your trucking insurance costs by focusing on risk reduction before losses occur. Peter Niro from Progressive Insurance shares critical insights on underwriting, cargo coverage nuances, and the impact of operational safety on premiums. Learn how accurate data and proactive measures can lead to significant savings for your fleet. Motor carriers looking to rein in insurance costs should prio
Truckload Rates Explode: How Shippers Adapt to Rising Costs The freight market is experiencing an inflationary leg in its current cycle, with spot truckload rates up over 40% year-over-year. Chris Pickett from Flock Freight breaks down what's driving these increases, how shippers and carriers are adapting to uncertain conditions and rising diesel prices, and why shared truckload solutions are gaining traction. Get his full 2027 freight market outlook and
Latam Cargo airlifts armored vehicles to Peru for Pope Leo visit Two popemobiles that will be used during Pope Leo XIV's visit to Peru arrived on Monday from Brazil aboard a Latam Airlines Group freighter aircraft, part of a special logistics operation carried out under contract to Peru's Ministry of Foreign Affairs and in coordination with General Motors. The two Chevrolet vehicles, weighing three tons each and specially modified with protective features such
Peak season inventory surge bolsters TL carriers' double-digit rate ask An October survey of supply chain executives confirmed what truckload carriers said on recent quarterly calls-that rates are likely to remain on the rise for the foreseeable future. The Logistics Managers' Index, released Tuesday, showed further capacity declines alongside surging pricing. Q3 reports show carriers gearing up for big rate increases The LMI's transportation capacity dataset registe
Benchmark diesel price is down; so is futures market in a big way The benchmark price used for most fuel surcharges fell this week, but the focus in oil markets is on the huge decline in futures market prices recorded Monday. The Department of Energy/Energy Information Administration average weekly retail diesel price fell to $6.292/gallon, a decline of 6 cts/g, effective Monday, published Tuesday. That price would not have been impacted by the stunning fall in
FedEx uses dedicated logistics teams to win aerospace, automotive business FedEx Corp.'s recent strategy to focus more on specialized services for companies in industrial sectors with complex logistics requirements, beyond basic parcel delivery, is paying dividends, especially in the aerospace and automotive sectors. The freight transportation giant last week described how it secured a series of new customer wins after integrating disparate capabilities across global pa
US targets alleged labor violations at 2 Mexican factories The U.S. has launched a labor rights investigation into a Mexican packaging manufacturer and announced a separate agreement to address labor rights concerns at an ammunition factory. The two cases highlight continued enforcement of worker protections under the United States-Mexico-Canada Agreement (USMCA). The Office of the U.S. Trade Representative (USTR) announced Monday that it has requested M
Successful quarter at Expeditors boosted by hyperscaler business All the key numbers at Expeditors International pointed upward in the third quarter at the logistics and freight forwarding company. Revenue year-on-year was up 42%, to $4.1 billion at the asset-light customs broker and freight forwarder. Despite the fact that the cost of transportation rose 49%, a faster rate than revenues, and salaries climbed 15%, operating income rose 55% to $445.4 million, u
New survey finds AI rush isn't boosting ports earnings A new survey of 103 industry experts has found that artificial intelligence is moving beyond trials in container ports and terminals, but measurable financial returns remain scarce. While 44% of respondents said their organizations had reached the scaling stage or beyond, Boston Consulting Group reported , only 4% reported measurable earnings gains and just 11% systematically tracked AI's contrib
Loamy raises $6M to flag produce before a buyer rejects it Loamy, a Los Angeles startup that sells operations software to produce growers, packers, and distributors, has raised $6 million in seed funding led by Zeal Capital Partners. The round, announced Oct. 27, brings the company's total funding to $10 million. Once a load misses a buyer's spec after it ships, the grower has about a day to find another buyer, and the fruit often goes in the trash, acco
Delivery AI should earn its authority one segment at a time Salman Habib thinks AI vendors are asking retailers for too much, too soon. The vendors pitching them so far want full trust from day one, the Burq cofounder said, and that is why many retailers are still stuck deciding whether to use AI at all. Burq's software decides how each order gets delivered, choosing among the retailer's own fleet, gig providers, parcel and LTL carriers, and drones, the r
230-plus immigrants arrested in crackdown targeting unauthorized CDL holders Federal and state law enforcement agencies arrested more than 230 undocumented immigrants, including more than 40 commercial driver's license holders, during a 72-hour enforcement operation spanning 15 states. The operation, dubbed Operation Guardian , was conducted Oct. 26-28 by U.S. Immigration and Customs Enforcement (ICE) and state and local law enforcement partners, according to the U.S. Dep
Pamt Corp. reports Q3 net loss, books 109.1% truckload OR Truckload carrier Pamt Corp. lost money again during the third quarter. Like other carriers , it pointed to elevated driver procurement costs and the spike in diesel fuel prices as the culprits. Pamt ( NASDAQ: PAMT ) reported a net loss of $8.1 million, or 38 cents per share, on Monday after the market closed. Earnings-per-share headwinds in the period included a $3.7-million year-over-year decli
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