Newport News completes successful builder's sea trials of John F. Kennedy (CVN 79) HII (NYSE: HII) reports that its Newport News Shipbuilding (NNS) division has successfully completed builder's sea trials of the John F. Kennedy (CVN 79), the second Gerald R. Ford-class nuclear-powered aircraft carrier.
Seaboard Marine adds mobile harbor cranes at PortMiami and Port Houston Seaboard Marine Ltd. has taken delivery of three LHM 550 mobile harbor cranes from Liebherr for use at its private terminals at PortMiami and Port Houston. The cranes are configured with electric
Op-Ed: Offshore CO2 storage as a climate solution Interest in carbon capture and storage (CCS) is accelerating as industries adapt to evolving regulatory expectations, customer requirements, and competitive pressures. For energy intensive industries such as cement, steel, chemicals, and refining,
Grants support Gladding-Hearn shipyard efficiency upgrades Financial support from federal and state agencies has enabled Gladding-Hearn Shipbuilding, Duclos Corp., to complete capital projects aimed at improving efficiency and safety at its Somerset, Mass., shipyard. Using a Small Shipyard
Port of Virginia expands its capacity to handle calls by ultra-large container vessels Continuing to modernize and expand its operations, the Port of Virginia recently debuted additional capacity to safely handle simultaneous calls of ultra-large container vessels (ULCVs). In late January, the port put four
BOEM sets date for Big Beautiful Gulf 2 oil & gas lease sale The Bureau of Ocean Energy Management (BOEM) has released the Final Notice of Sale for Lease Sale Big Beautiful Gulf 2 (BBG2), the second of 30 Gulf of America oil and gas
Captain Oli Olsen takes new role with Stream Marine Training Paisley, Scotland-headquartered Stream Marine Training (SMT), part of Stream Marine Technical, has appointed of Captain Oli Olsen, former deputy director of seafarers and manning at the Bahamas Maritime Authority, to a new
Seatrium-built FPSO P-78 achieves first oil on Brazil's Búzios field Singapore's Seatrium Limited reports that the Petrobras 78 (P-78) FPSO achieved first oil production, on Brazil's Búzios field, on December 31, 2025. The milestone marked Seatrium's successful expansion of its end-to-end capabilities
Haskoning acquires Portwise to drive smart and green port development Strategic acquisition Haskoning , a global consulting engineering firm, has acquired Portwise , a leading consultancy in port and terminal planning and simulation. The acquisition enhances Haskoning's ability to offer integrated services for smart, sustainable ports . Combined expertise Portwise brings advanced simulation capabilities and expertise in automation and electrification , while Haskon
GXO to operate London Luton Airport's first consolidation centre GXO Logistics and London Luton Airport (LLA) have formed a new partnership to launch the airport's first consolidation centre , which will screen and manage all airside deliveries. The centre will streamline operations as passenger numbers and delivery volumes continue to rise. In 2025, Luton handled more than 17.5 million passengers , up from 16.7 million in 2024. The facility will manage hundre
Freightos Weekly Update: Weather disruption and tariff threats Winter weather is complicating logistics on both sides of the Atlantic. Affected areas in the US, especially the southeast and southern midwest are still recovering from last week's major storm and cold. Storms in the North Atlantic slowed vessel traffic and disrupted or shutdown operations at several container ports across Western Europe and into the Mediterranean late last week. Transits resume
What does Gemini's return to Suez indicate? Maersk and Hapag-Lloyd's joint return to Suez expands the industry's fragile normalization bet but the German carrier's rapid reversal from caution to commitment raises questions about whether alliance dynamics are masking unresolved risks
Mibau Stema develops its own terminal in the Port of Amsterdam Mibau Stema Group is developing its own terminal of approximately 5 hectares in the Afrikahaven. The terminal is expected to become operational by the end of Q2 or the beginning of Q3 2026. Mibau Stema has been a long-standing customer in the port of Amsterdam and has operated from a third-party terminal in the Suezhaven until now. From this terminal, high-quality construction materials are distr
Choosing the Right Invoicing Software for Your Business Let's talk about getting paid. It is the lifeblood of your business. But the process often feels awful. You finish a project. You feel great. Then you must create an invoice . You chase down client details. You calculate hours or items. You send the email. Then you wait. You send a reminder. The cycle drains your energy. It steals time from your real work. The right tool changes everything. It tu
BMA records near-record Port State Control performance in 2025 Lowest-ever US detention rate The Bahamas Maritime Authority (BMA) reported just one detention in the United States in 2025 . This is the joint lowest result ever achieved by the Bahamas flag and the second-best annual PSC performance in its history. Strong compliance with US standards This result reduced the Bahamas' three-year rolling US detention average (2023-2025) to about 0.56% , well below
Icy winters tie up ships in Europe Harsh winter conditions have sent congestion levels in European ports to a post-Covid-19 high, holding up 10% of the container shipping fleet. Asia-bound ships departing Europe now are expected to arrive only at month's end. Maersk Line released an advisory saying a new wave of rough weather is expected on 4 February, impacting transits and ship movements in the western part of the Mediterranean.
CK Hutchison initiates arbitration against Panama Panama Ports Company S.A. (PPC), a subsidiary of CK Hutchison, has commenced arbitration proceedings against the Republic of Panama, filing the case on 3 February 2026 under the applicable concession contract and the Rules of Arbitration of the International Chamber of Commerce. The move follows what PPC described as a year-long campaign by the Panamanian State specifically targeting the company
NX China launches branded containers with SITC New partnership initiative Nippon Express (China) (NX China) has launched "NX Branded Containers" in partnership with SITC International Holdings . First use of NX branding on leased containers This marks the first time NX China has placed its group brand symbol on shipping line-owned containers leased for commercial operations. Shanghai-Osaka service The NX brand will appear on SITC-owned 40-foo
Maersk revises peak season surcharge on W1FW trade to Senegal Maersk has announced a revision to its Peak Season Surcharge (PSS) for the W1FW trade, covering cargo moving from Asia to Senegal, effective 1 March 2026 until further notice. The revised surcharge will apply to shipments originating from China, Hong Kong China, Taiwan China, Indonesia, Malaysia, Singapore, the Philippines, Vietnam, Thailand, Myanmar, Laos, and Cambodia, with Senegal as the desti
ONE adds Durres port call Ocean Network Express has announced the addition of Durres, Albania as a new port call, expanding its network coverage in the Balkan region. The new call will provide direct access to the Albanian market via Piraeus, offering customers increased connectivity and greater flexibility for cargo moving into and out of Southeast Europe. In connection with the expansion, ONE has appointed Centralog Alb
Wärtsilä posts record operating result and cash flow in 2025 Wärtsilä reported an all-time high operating result and cash flow for the financial year 2025, supported by strong performance in both its Marine and Energy businesses. Strong financial performance For the full year, Wärtsilä recorded net sales of EUR 6.9 billion , up 7% year-on-year. The comparable operating result rose 20% to EUR 829 million , representing 12.0% of net sales . Cash flow from op
GT Lines launches India-Sharjah Express service GT Lines has launched a new standalone shipping service linking West India and the Gulf, branded as the India-Sharjah Express (ISX), aimed at offering faster transit times and improved schedule reliability. The ISX service will begin operations on 8 March 2026 and will operate on a fixed 14-day rotation covering Mundra, Nhava Sheva, Khorfakkan, Sharjah, Hamriyah and Sohar. The service will be dep
AD Ports Group secures USD 115m IFC-led financing for Safaga Terminal AD Ports Group has secured a USD 115 million project finance facility to support the development of the Noatum Ports - Safaga Terminal in Egypt. The financing is led by the International Finance Corporation (IFC), with participation from National Bank of Kuwait - Egypt (NBK Egypt) and other institutional investors through IFC's co-lending programme. The facility has a 15-year tenor and reflects s
NWSA ends 2025 with Q4 volume recovery trend The Northwest Seaport Alliance (NWSA) closed 2025 with total container volumes of 3.16 million TEUs, down 5.5% year-on-year, as tariffs and high retail inventories weighed on trade flows. Full imports fell 10.3%, while full exports declined 4.9% for the year. In December 2025, volumes reached 237,922 TEUs, down 21.9% compared to December 2024. Full international imports dropped 25.3%, while expor
Pistiolis in for 10 MR tanker newbuilds in China Greek shipowner Evangelos Pistiolis has re-entered the newbuilding market, placing an order for 10 MR product tankers in China in a deal approaching $500m. Pistiolis' privately held Central Group has signed up for the 50,000 dwt vessels at Guangzhou Shipyard International (GSI), marking the group's first newbuilding contract in China after years of relying on ...
MOL Chemical Tankers readies leadership change MOL Chemical Tankers has announced a change at the top, with chief executive Akira Sasa set to retire at the end of March. Sasa, who took over as president and CEO in April 2022, joined the Singapore-based chemical tanker operator as a director in 2020 and has led the business through a period of fleet ...
Esvagt-KMC venture lines up CTV build backed by Vestas deal in South Korea KESTO, the offshore wind joint venture between Denmark's Esvagt and South Korean shipping company KMC Line, has secured its first contracts, signing a long-term vessel deal with turbine maker Vestas for the Shinan-Ui offshore wind farm. Under the agreement, KESTO will provide offshore service logistics to Vestas from 2028 for a minimum period of 10 ...
Floatel firms up vessel deal in Brazil Oslo's Floatel has firmed up Floatel Victory for another Brazil maintenance and safety unit (MSU) run with Brava Energia, extending the flotel's South American stay. Floatel International said it has converted an October letter of intent into a six-month firm contract for the unit. The 2013-built semisub starts in the fourth quarter of 2026, with ...
Germany acquires stake in TenneT for $3.9bn TenneT Holding has reached an agreement with Kreditanstalt für Wiederaufbau (KfW), acting on behalf of the German government, to sell a 25.1% stake in TenneT Germany for approximately €3.3bn ($3.9bn). This investment strengthens TenneT Germany's financial position as the owner of strategic infrastructure in Germany. This transaction follows up on the previously announced €9.5bn equity ...
Amazon locks in 110MW from RWE's German offshore wind project Amazon and RWE have signed a power purchase agreement (PPA) for 110MW from the German company's Nordseecluster B offshore wind farm. The PPA builds on the strategic framework agreement signed between the two companies in June 2025, under which RWE supports Amazon's carbon-free energy goals while Amazon Web Services provides cloud services, AI, and data ...
TGS secures more OBN work in Europe for 2026 campaign Oslo-listed seismic data specialist TGS has been awarded an ocean bottom node contract in Europe, extending the acquisition campaign further for the 2026 season. The company's node-on-a-rope crew is scheduled to begin acquisition in early April, and the contract is expected to last approximately 45 days. "Our node-on-a-rope crew ensures efficient acquisition of high-quality data ...
VIKAND: Healthcare as a critical component of life at sea Peter Hult, CEO of maritime medical services specialist VIKAND, sees 2026 dawning with unprecedented recognition of crew healthcare as a strategic imperative, not just a compliance checkbox. "One of the most significant changes in recent years has been the growing acceptance of healthcare as a critical component of life at sea," Hult says. "Conversations that ...
CK Hutchison launches arbitration after Panama court voids port concessions Hong Kong's CK Hutchison has launched arbitration proceedings against the republic of Panama, escalating a deepening dispute over two key ports at the Panama Canal following a landmark Supreme Court ruling last week that invalidated its long-held concession contracts. The conglomerate disclosed early Wednesday that its Panamanian subsidiary initiated arbitration under the International Chamber of
India's state-backed containerline takes shape India's long-awaited national container shipping line is taking shape following the signing of a memorandum of understanding to establish Bharat Container Shipping Line (BCSL) - a state-backed venture aimed at building an integrated, self-reliant container ecosystem and strengthening India's maritime trade presence. The MoU, signed in New Delhi on Tuesday, brings together six major stakeholders:
Japan's largest power utility signs 27-year LNG supply deal with QatarEnergy Japan's largest power utility Jera has signed a landmark 27-year LNG supply deal with QatarEnergy, marking the renewal of a trading relationship that had steadily waned in recent years. Under the agreement, Jera will purchase around 3m tons of LNG per year, QatarEnergy announced at a signing ceremony in Doha on Tuesday. The deal revives ...
Car carrier ordering boom ends as overcapacity fears grow The once red-hot car carrier newbuilding spree is showing clear signs of cooling, with overcapacity concerns now looming large across the pure car and truck carrier (PCTC) market, according to AXSRoRo's latest monthly newsletter. Following four years of record ordering, contracting activity in 2025 slumped to the lowest level in years, even as deliveries hit ...
Haskoning acquires Portwise International consulting and engineering firm Haskoning has announced the acquisition of Portwise, a Netherlands-based specialist in port and terminal planning and simulation. Portwise is recognised for its simulation-driven consultancy, helping clients optimise port operations through automation, electrification and data analytics. The companies said their complementary global reach ensures loca
Westwood rolls out offshore vessel intelligence platform London-based energy market research firm Westwood has launched a new offshore vessel intelligence platform aimed at improving visibility across the global offshore support, service and offshore wind fleets. The platform named MarineLogix covers more than 10,000 vessels operated by around 2,500 owners across over 30 vessel classes. MarineLogix is built around a utilisation model designed ...
Fugro lands survey contract for TotalEnergies' German offshore wind project Dutch surveyor Fugro has won a contract to carry out a geotechnical campaign on TotalEnergies' NordSee Energies 1 offshore wind farm, 170 km off Germany. The surveys will provide insights into seabed conditions at planned wind turbine locations and inter-array cable routes. Fieldwork is already underway, with Fugro mobilising a fleet of five specialist vessels ...
Flag state spat exposes growing government oversight gaps An uninsured ship casualty has prompted Türkiye to call for an international white list for insurers, but the verification of...
Efficiency tech investment continues to grow, defying green malaise Shipping continues to embrace energy-efficiency technologies despite the malaise over alternative fuels
Norden bidding to flatten out dry bulk operator swings Vessel sales made up a large portion of the company's profit, as its large dry operator segment continued to struggle
McLarens appoints new head of marine UK Michael Wilson previously with Sunderland Marine and Thomas Miller Claims Management
Time running out for vintage vehicle carriers Without a meaningful rise in vessel demolition, excess capacity will weigh on the sector as fleet growth outpaces underlying vehicle...
Insurers face exodus of senior talent, IUMI VP warns Specialty lines in particular are facing significant demographic shift as a generation of technical experts and senior leaders look to...
IUMI head blasts aggressive politicians and illegal shipping practices Normally cautious trade association chief offers pointed pronouncements on challenges facing underwriters
Estonia detains reefer boxship on route to Russia Estonian authorities declared late on Tuesday that they had detained a Bahamian-flagged containership suspected of smuggling contraband from Ecuador
Wärtsilä boss downbeat on business case for onboard carbon capture without IMO His comments came as part of the Finnish company's annual results, in which it delivered a 16% increase in its...
Qatar looks to build 'largest LNG carrier fleet in the world' as it signs new LNG offtake agreements With new supplies on the horizon and a ban on Russian gas, the EU will be a possible outlet for...
The Daily View: Conditional optimism
Daily Briefing Syrian trade surges nearly sixfold a year after the government takeover | Malaysia releases sanctioned tankers suspected of transferring Iranian...
ODFL 'cautiously optimistic' about LTL demand despite lackluster Q4 Still, the company's CFO cautioned that no one should "get out over their skis" from the standpoint of freight recovery expectations.
Panama Ports seeks 'extensive damages' after terminal concessions canceled The decision by the Panama Supreme Court has provoked angry responses from both the Chinese and Hong Kong governments, with Beijing warning that Panama would "pay a heavy price both politically and economically."
Spot intermodal savings spiked in Q4, but providers remain cautious Spot intermodal savings reached record levels in the fourth quarter, but railroads might hold back on raising rates as the disruptive winter weather has skewed trucking rates.
Tariffs claim another victim on the trans-Pacific: the pre-LNY cargo surge Sources say sustained weak market fundamentals have caused this year to be atypical in terms of demand in the immediate run-up to Lunar New Year, which begins Feb. 17.
Labor strike at Chittagong Port cripples Bangladesh container flows Multiple local sources told the Journal of Commerce the escalating unrest that entered its fifth day Wednesday has brought all port operations, including vessel berthing and cargo clearance, to a halt.
Tariffs claim another victim on the trans-Pacific: the pre-CNY cargo surge Sources say sustained weak market fundamentals have caused this year to be atypical in terms of demand in the immediate run-up to Lunar New Year, which begins Feb. 17.
Atlantic storms force terminals in Western Mediterranean to close again Just days after last week's storm shut terminals and disrupted shipping schedules, Maersk warned that weather in the region has "deteriorated beyond initial expectations."
Charleston slows railyard development amid insufficient shipper demand Charleston's total rail lifts for 2025 were about one-quarter of the planned capacity of Navy Base Intermodal Facility, prompting the port's CEO to reset capital spending plans.
DSV moves to transform its business as Schenker integration accelerates Absorbing its largest and most complex takeover to date was initially expected to take at least two years to complete, but will now be fully wrapped 20 months after the DB Schenker acquisition closed.
'Fundamental shift': DHT becomes first VLCC owner to allude to Sinokor-Aponte goliath in earnings 'Aggregators' soon to control 25% of compliant tramp fleet, 'a critical market share'
Epstein files: Inside the property deal linking a shipowner, a diplomat and a sex offender Newly released emails reveal Epstein's role in property deal with shipowner Skaugen and Norwegian diplomat
Peter Georgiopoulos pounces on Norvic Shipping dry bulk fleet United Overseas Group strikes second deal in weeks with Norvic entities
Fortunes for the brave: Shipping profits in a volatile world Beginning of a return of container ships to the Red Sea does not mark a return to the status quo
Discounted Venezuelan barrels could save India billions of dollars, state-backed bank says National lender's 'brute force' scenario sees Russian imports entirely cut out in favour of Venezuelan barrels
US seizes cash from Cosco Shipping bulker in Baltimore after captain's oversight Master of Chinese supramax had not declared $70,000 at port
Tankers the currency that stays afloat as shadow fleet faces 'mass extinction' MJLF says vessels are ageing at a rate that defies historical norms
US seizes cash from Cosco Shipping bulker in Baltimore after captain's oversight Captain of Chinese supramax had not declared $70,000 at US port
Letter: Let commercial firms protect Norway's coast from oil spills Environmental campaigner Jan-Hugo Holten calls on the Norwegian government to reverse its 2020 decision
Columbia brings in Deloitte director as head of AI for 'people-centric' roll-out Shipmanagement group announces second big appointment in a week
Russia-bound container ship detained in Nato waters on suspicion of smuggling Maritime traffic travelling to and from Russia has been the target of more aggressive inspections in recent months
Evangelos Pistiolis orders 10 product tankers after six-year hiatus Greek shipowner splashing out close to $500m in what marks his first newbuilding order in China
Norwegian fund bets on shipping as it buys Performance bonds Borea fund also holds SFL, Navios and Ocean Yield
Stainless Tankers committed to wringing out value from ageing chemical tanker fleet Shipowner believes asset values could rise in 2026 as freight rates strengthen
Russia-bound container ship arrested in Nato waters on suspicion of smuggling Maritime traffic travelling to and from Russia has been the target of more aggressive inspections in recent months
Greek shipowner Tsakos eyes first LNG carrier newbuildings in seven years Geopolitics-driven market tempts conservative Greek owner to at least double his footprint in seaborne gas transportation
Wartsila plots huge capacity expansion as ship engine demand grows Finnish technology giant says Vaasa hub will be expanded by 35%
Seward & Kissel brings in WFW's John Benson as head of ship finance US law firm says new recruit among a very select group of lawyers in the sector
Greek shipbroker Allied builds sale and purchase team with new recruit Tasos Papadopoulos joins with strong record of deals, Athens shop says
Bruton bosses add shares as part of $50m deal to expand VLCC fleet Gunnar Eliassen and Lars-Christian Svensen increase stakes in Norwegian VLCC start-up
India sets up new container line targeting 100 ships as part of $1.7bn investment Bharat Container Shipping Line established by government, shipowner SCI and others
Greek shipbroker Allied builds sale and purchase team with new recruit from rival Tasos Papadopoulos joins with strong record of deals, Athens shop says
Marine insurer Beazley backs $11m Zurich takeover bid Cyber-specialist and marine player had rejected earlier overtures by the industry giant
Iran threatened to board US military tanker in flashpoint waterway Crowley ship targeted in Strait of Hormuz in latest escalation
Maersk is a 'great short' as Red Sea opening will weigh on container markets Analysts focus on share buybacks and 2026 guidance in tomorrow's report
Grey exodus to launch new generation of marine insurance leaders Industry has struggled to recruit top talent amid competition from tech and other industries
Iran 'wild card' makes 'cheap' VLGC stocks attractive, analysts say Arctic and Fearnleys hike share target prices
Ship sales prop up profit at Norden as bottom line falls Shipowner in profit despite an uncertain and geopolitically charged environment
Mercuria and Hartree Partners unlock $10bn minerals deal with US Exim Trading and shipowning groups join new initiative to boost strategic reserves and supply chain
Shipbuilder Hanwha Ocean sees profit surge as LNG and defence underpin recovery Analysts see multi-year momentum despite softer quarter and no dividend plan
Gianluigi Aponte raises Jinglu container ship wager to 16 vessels worth $2.24bn MSC now has about 120 container ships on order in China
Stainless Tankers profit dips on falling utilisation Tufton-backed company says 18 Womar Pool ships were out of commission for parts of the year
DNB shipping loan book rises in fourth quarter Loan portfolio grows to $4.2bn during a period of geopolitical strife
Will he or won't he? Robert Bugbee sets up process to sell $17m of Scorpio shares Company president sets up a right, but not an obligation, to sell large holding for first time since January 2024
QatarEnergy manager offers rare insight into huge LNG newbuilding project Jeffrey Guo says innovation is no longer only about technology, it is about how to collaborate
Japanese giants flag profit slump as liner earnings fade Weaker ONE income, softer pricing and forex headwinds among reasons given by NYK and K Line
Cosco Shipping Energy makes VLEC debut with chartered vessels Three newbuildings chartered from a Singapore owner
Adnoc chartering arm fixes Turkish newbuilding as part of trio of tanker deals Middle Eastern shipping power builds LR2 and MR capacity in term market
Fatal capsizing of bulker linked to long-standing nickel ore threat Wet cargo remains a leading cause of fatal bulk carrier sinkings, P&I experts warn
Allstates WorldCargo acquires customs broker Promptus Allstates WorldCargo announced it has acquired fellow freight forwarder Promptus for an undisclosed sum. Miramar, FL-based Promptus is a 3PL focused on the Latin America, Asia, Europe and Caribbean trade lanes. The deal gives Allstates WorldCargo an in-house customs brokerage business, allowing it to provide customs clearance and compliance services to customers. "With our strong domestic coverag
4 Fatality Indiana Truck Crash Exposes Chameleon Carrier Network, Again Just before 4 p.m. on Tuesday, February 3, Indiana State Police responded to a collision on State Road 67 near County Road 550 East, about three miles from the Ohio state line, in the kind of flat, open farmland where you can see trouble coming from a mile away. Gert Pretorius, 44, of Geneva, Indiana, was driving a 2019 International semi eastbound when he slowed for traffic ahead. Behind him, an
Legislation would require crash protection on new trucks WASHINGTON - Democrats in the House and Senate have reintroduced legislation requiring trucks be outfitted with protection against side-impact crashes - but this time it would apply only to new equipment. The Stop Underrides Act 2.0 , introduced in the Senate by Kirsten Gillibrand, D-N.Y.,) and Ben Ray Luján, D-N.M., and in the House by Reps. Steve Cohen, D-Tenn., Mark DeSaulnier, D-Calif., and D
Old Dominion hoping stars align in 2026 Old Dominion Freight Line provided positive commentary around demand on its fourth-quarter call on Wednesday. The less-than-truckload carrier's leadership said recent customer conversations point to lean inventories , suggesting that improved volumes may be ahead in the new year. January manufacturing data surpassed expectations, lending further support to this constructive outlook. "We certainly
Driver who set Swift trailers ablaze gets sentenced in a 2nd state A truck driver who already was in jail for setting Swift trailers on fire in California has been sentenced to a decade in jail for separate arson attacks on the company's trailers in Arizona, but caught some breaks in his punishment. Viorel Pricop, 67, was convicted in August of three counts of arson in U.S. Federal District Court for Arizona after an eight-day trial, according to a statement on
Union Pacific, Wabtec sign for $1.2B in locomotive upgrades Union Pacific and Wabtec on Wednesday announced they have signed a landmark agreement totaling $1.2 billion to modernize the railroad's fleet of AC4400 locomotives. "This agreement represents the largest locomotive modernization investment in rail industry history, building on Union Pacific's previous 2022 order which is scheduled to be completed in 2026," Wabtec (NYSE: WAB ) said in a release
Uber Freight posts flat Q4 results, as broader platform posts record profits Uber Freight underperformed compared to the company's mobility and delivery segments in the fourth quarter, posting flat revenue and slightly lower gross bookings amid a prolonged downturn in the North American trucking market, even as the broader platform delivered record profitability. Uber Freight generated $1.27 billion in gross bookings, down about 1% year over year, while freight revenue wa
Panama targeted Canal ports contract, China company claims The Chinese company operating ports at the Panama Canal has filed for arbitration after the country's Supreme Court voided its operating contract, claiming it was unfairly targeted by the country over the past year. Panama Ports Company, a unit of Hong Kong-based CK Hutchison ( 0001.HK ), said Wednesday that it has commenced arbitration proceedings against Panama over its concession contract at t
Who's Hauling Your Freight? $60 Million Says You Need to Know Ryan Joyce's world for more than 15 years as a CIA operations officer conducting counterterrorism operations likely consisted of sitting in a basement, looking for one guy with a beard in the mountains of a Middle Eastern country. He helped disrupt terrorist networks using what the intelligence community calls "all-source intelligence", fusing data from distributed sensors, satellite imagery, and
First look: Old Dominion posts Q4 beat Old Dominion Freight Line beat earnings expectations for the fourth quarter as cost reductions and higher yields helped minimize the impact of declining volumes. The Thomasville, North Carolina-based less-than-truckload carrier reported earnings per share of $1.09 on Wednesday ahead of the market open, 3 cents better than the consensus estimate but 14 cents lower year over year. (A Higher tax rat
Geotab study finds EV batteries remain robust despite rise in fast charging Geotab has released updated findings from its third major study on EV battery degradation . The analysis draws on more than 22,700 electric vehicles across 21 makes and models, spanning several years of aggregated telematics information. The verdict: modern batteries remain robust, but charging behavior has emerged as the dominant factor in how quickly they age. The study focuses on state of heal
Weak freight demand triggers facility closures, job cuts across supply chain A wave of closures and layoffs across trucking, logistics, warehousing and transportation-linked manufacturing reflects a freight market still struggling to regain momentum in early 2026. Since mid-January 3,147 freight and manufacturing job cuts have been announced. Weak consumer demand, excess capacity, contract losses and network consolidation have pushed shippers and logistics providers to sh
DOT's new vision for freight infrastructure WASHINGTON - The U.S. Department of Transportation wants to pave the way for the next generation of American logistics. In a Request for Information (RFI) posted on Tuesday, DOT's Office of the Assistant Secretary for Research and Technology is seeking public input to help define a National Strategy for Transportation Digital Infrastructure (TDI). "This strategy will serve as the framework for th
Quiet Logistics dismantling continues with warehouse, customer transfer to Stord Omnichannel fulfillment provider Stord said Tuesday it has assumed the lease of Quiet Logistics's order-preparation center in Dallas and responsibility for supporting interested Quiet customers following American Eagle Outfitters' decision last month to shutter its third-party logistics subsidiary. Terms of the agreement with American Eagle Outfitters were not disclosed. It is Stord's second majo
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