Auckland's first plug-in hybrid electric ferry makes its debut Auckland, New Zealand, has taken another step forward in its transition to a cleaner, faster ferry network with Auckland Transport's first 300-seat (F360 300) plug-in hybrid electric fast ferry performing well on
Everllence books milestone dual-fuel two-stroke order Everllence reports that it has received its 2,000th order for a dual-fuel engine from its two-stroke portfolio. COSCO Shipping Lines placed the milestone order. It is for an Everllence B&W 8G95ME-GI Mk.
Hines Furlong takes delivery of third boat in Mitubishi-powered newbuild program Hines Furlong Line has taken delivery of the M/V Oxford. The towboat is the third vessel inin an 11-boat construction program of vessels powered by Mitsubishi marine engines from Laborde Products. The
Longitude launches new compact D-Flex PSV design London-based design and engineering consultancy Longitude has launched a compact "D-Flex" platform supply vessel (PSV) design - the second design in its IMT Isca series, introduced in 2024. Longitude says that the
DHL and RLCold team up to modernize North America's Food & Beverage Cold-Chain Strategic partnership for next-generation cold chain DHL Supply Chain has signed a Memorandum of Understanding (MOU) with RLCold to develop more than 5 million square feet of cold storage facilities across North America. RLCold is a real estate developer focused on temperature-controlled logistics for the food and beverage (F&B) sector. The partnership targets multi-temperature distribution cente
NX Taiwan opens Tainan NEXT11 warehouse as southern logistics hub New facility launch NX Taiwan inaugurated the Tainan NEXT11 Warehouse in Tainan, southern Taiwan, as a full-scale logistics hub. The facility is located within the Tainan Sinshih Logistics Park , developed by Uni-President Enterprises Group . Strategic purpose The warehouse strengthens supply chains in southern Taiwan , supporting semiconductor- and AI-related operations. Its location near the S
Wärtsilä to expand production capacity in Finland by 35% Wärtsilä will invest around EUR 140 million to expand production capacity by 35% at its Sustainable Technology Hub (STH) in Vaasa, Finland, and across its global supply chain. The expansion will strengthen Wärtsilä's industrial capacity and support rising demand in both the energy and marine markets . It will enable the company to deliver a higher volume of engines and improve long-term customer
Mixed movements in global bunker market in Week 06 Over the Week 06, the global MABUX bunker indices did not demonstrate significant overall changes and moved in mixed directions, according to Sergey Ivanov, Director, MABUX . The 380 HSFO index edged up by US$ 1.24, rising from US$ 424.43/MT last week to US$ 425.67/MT. The VLSFO index posted a more notable increase of US$ 5.29, climbing from US$ 503.30/MT to US$ 508.59/MT and remaining above the
MSC announces new FAK rates from Far East to Sub-Saharan Africa and Indian Ocean MSC Mediterranean Shipping Company has announced new Freight All Kinds (FAK) rates for cargo moving from all Far East ports, including ports in Japan, Korea, and Southeast Asia, to Sub-Saharan Africa and the Indian Ocean. The new rates will take effect from 1 March 2026 and will remain valid until further notice, but not beyond 15 March 2026. Under the revised pricing, shipments to West Africa, i
Sallaum Lines takes delivery of MV Ocean Legacy Sallaum Lines has taken delivery of MV Ocean Legacy, the latest Pure Car and Truck Carrier to join its Ocean Class fleet, further advancing the company's focus on modern tonnage and lower-impact maritime operations. The new vessel entered service just one month after MV Ocean Explorer, underscoring the pace of Sallaum Lines' Ocean Class programme and its emphasis on efficiency and sustainability.
Capacity expansion boosts West India box share for APMT at JNPA Amid fierce intra-port competition, recent investment in harbour infrastructure upgrades seems to have bred significant market share tailwinds for APM Terminals' flagship facility at India's Nhava Sheva Port (JNPA). APMT Mumbai, also known as Gateway Terminals India (GTI), has set new vessel productivity benchmarks at the port, with its quay crane rates going up to 112 moves per hour on some of t
Ship sales and purchase slow ahead of Chinese New Year, tanking freight levels Container ship sales and purchase activity is slowing down ahead of Chinese New Year and, buyers appear to be cautious given the downward trajectory of long-haul and intra-Asia freight rates. Alphaliner also attributed this to few ships offered for sale and a more cautious approach from buyers. Although the purchase appetite is generally still there, the market cannot ignore the developments in t
Rhenus takes full ownership of Grupo Totalmédia in Portugal Rhenus has acquired 100% of Grupo Totalmédia, becoming its sole owner effective 1 February 2026. This follows Rhenus' initial stake acquisition in 2023 and Totalmédia's rebranding to Rhenus Logistics in 2025. Strengthens Home Delivery leadership The acquisition strengthens Rhenus' position in the Portuguese and Iberian Home Delivery market. Totalmédia brings 28 years of experience in delivering l
Tokyo Port to add 450,000 TEUs with new Y3 container yard Construction will start in fiscal 2026 on a new container yard at Y3 Berth of the Outer Central Breakwater Container Terminal at the Port of Tokyo. The Tokyo Metropolitan Government's Bureau of Port and Harbor confirmed the project. The terminal is scheduled to enter operation in fiscal 2028. Capacity boost for Tokyo Port Once operational, Y3 Berth will add 450,000 TEUs of annual capacity. This r
Imabari Shipbuilding to take majority stake in Hitachi Zosen Marine Engine Imabari Shipbuilding and Kanadevia have agreed on a share transfer involving Hitachi Zosen Marine Engine (HZME). Imabari will acquire part of Kanadevia's shares in HZME. Change in ownership structure After the transaction: Imabari Shipbuilding: 60% (up from 35%) Kanadevia: 40% (down from 65%) This makes Imabari the majority shareholder. About HZME HZME was established in November 2022 as a joint
Sea-Intelligence: Digging beneath the "Steady" IMF headline In issue 750 of the Sunday Spotlight, Sea-Intelligence analysed the latest World Economic Outlook (WEO) report published by the International Monetary Fund (IMF). While the headline figures depict a "steady" global economy, with global GDP growth at 3.3% for both 2025 and 2026, an in-depth review of the report reveals that this stability masks critical disconnects that could mislead container shi
Yusen Logistics and AGL launch "Yusen Africa" in Kenya Official opening in Nairobi Yusen Logistics Global Management (YLGM) and Africa Global Logistics (AGL) officially launched Yusen Africa (East Africa) Limited at an opening ceremony in Nairobi, Kenya. More than 100 guests attended, including Kenyan government officials, diplomats, business leaders, and partners. New joint venture for East Africa Yusen Africa will operate from Kenya as a regional h
DSV delivers strong 2025 performance Solid performance despite tough markets DSV delivered solid financial results in 2025 despite volatile market conditions. The company met its full-year guidance and reported strong earnings in the fourth quarter. In Q4 2025, DSV recorded gross profit of DKK 19.1 billion and EBIT before special items of DKK 5.6 billion , driven mainly by the integration of Schenker. Faster Schenker integration DSV
From Perfect Plans to Real Operations - Why Ports Must Rethink Planning Port and terminal planning has always aimed for precision. Berth windows are allocated, vessel stowage is analyzed, yard blocks are reserved, equipment is assigned, and labor is scheduled-all before the first container is moved. On paper, the plan works. In reality, perfect planning has never existed in container terminals and not because planners are inadequate. The reason is structural. The Str
MSC announces new FAK rates from Far East to Europe Mediterranean North Africa and Black Sea MSC Mediterranean Shipping Company has announced new Freight All Kinds (FAK) base rates for cargo moving from all Far East ports, including ports in Japan, Korea, and Southeast Asia, to North Europe, the Mediterranean, North Africa, and the Black Sea. The new rates will take effect from 1 March 2026 and will remain valid until further notice, but not beyond 14 March 2026. All rates are quoted in
Maersk delivers strong 2025 performance A.P. Moller - Maersk delivered a strong performance across its businesses in 2025, with volume growth, operational execution, and proactive cost measures supporting results at the top end of the company's financial guidance for the year. Full-year revenue reached USD 54.0 billion, while EBITDA totalled USD 9.5 billion and EBIT amounted to USD 3.5 billion, reflecting a year marked by volatile mark
Middle East maritime shipping faces volatile new reality Houthi attacks may have paused, but the global maritime industry isn't coming back a signal that temporary disruptions have become permanent geopolitical realities
What does China's "heavy price" warning over Panama mean? Beijing threatens economic and political consequences as Supreme Court decision threatens global precedent for Chinese infrastructure displacement
Explosion knocks out MSC boxship near St Petersburg An explosion and subsequent fire have hit the MSC-operated container ship MSC Giada III while the vessel was approaching St Petersburg in Russia's Neva Bay, according to vessel tracking data and regional response activity. The 2,732 teu, Liberia-flagged ship was en route from Belgium to St Petersburg when the blast occurred in the engine room, ...
AD Ports secures 30-year concession to run Aqaba multipurpose terminal AD Ports Group is expanding its regional port footprint, signing a 30-year concession with Aqaba Development Corporation to manage and operate Jordan's Aqaba multipurpose port. Under the deal, AD Ports will take a 70% stake in a new joint venture, with Aqaba Development Corporation holding the remaining 30%. The Abu Dhabi-listed group has committed AED ...
NYK and Ocean Yield clinch LNG carrier deal with Cheniere Japan's Nippon Yusen Kaisha (NYK), together with Norwegian shipleasing player Ocean Yield, has locked in long-term charter contracts for a series of new liquefied natural gas carriers with US LNG heavyweight Cheniere. The fixture confirms market talk that emerged in December when NYK and Ocean Yield revealed plans for a firm quartet of LNG carrier ...
The top five challenges facing Asian shipyards in 2026 Coordination, collaboration and control - not steel or labour - are the challenges that the region's shipyards face, writes Cory Zachrisson from SSI. Asia Pacific sits at the centre of the global shipbuilding market, accounting for the majority of new ship and vessel construction worldwide. Its leading names drive enormous value added across the global ...
Maersk posts ocean loss, 1,000 job cuts as container boom unwinds The dark clouds swirling around the container shipping industry intensified today with Maersk following Japan's Ocean Network Express, in announcing its ocean division had slipped into the red for the final quarter of 2025. The Danish shipping giant also revealed today it will lay off 1,000 staff this year as cost discipline rises up the ...
Zhonggu Logistics ups the ante with twin boxship order Zhonggu Logistics has continued to build out its orderbook, lining up two post-panamax boxships at China Merchants Jinling Shipyard. The Shanghai-listed liner confirmed the deal in a stock exchange filing, saying it or its subsidiaries plan to sign a construction contract with Jinling's Jiangsu yard for two 6,000 teu vessels. The total contract value is ...
US moves ahead with second Gulf auction under new law The US Bureau of Ocean Energy Management has unveiled details for the Big Beautiful Gulf 2 (BBG2) lease sale, the second of 30 mandated Gulf of Mexico auctions under the One Big Beautiful Bill Act. The sale comprises approximately 15,066 unleased blocks spanning 325,367 sq km, with water depths ranging from 2.75 m to nearly ...
Raytheon to develop drone-based defence for vulnerable vessels Raytheon has been selected by the US Defense Advanced Research Projects Agency (DARPA) to develop a new sensing and targeting system aimed at protecting commercial shipping and naval logistics vessels from emerging maritime threats. The RTX-owned defence contractor will lead the work under DARPA's Pulling Guard programme, which focuses on countering risks posed by unmanned ...
ExxonMobil buys FPSO One Guyana from SBM Offshore ExxonMobil Guyana, the local arm of US supermajor ExxonMobil, has acquired the FPSO One Guyana from Dutch floater expert SBM Offshore. ExxonMobil bought the FPSO ahead of the maximum lease term, which would have expired in August 2027. The unit has been on hire since August 2025 and will continue to operate under the integrated ...
Georgiopoulos and Vrondissis diversify into dry bulk with Norvic purchase Peter Georgiopoulos and Leo Vrondissis-led United Overseas Group is diversifying from its tanker base, announcing it is buying Norvic Shipping's commercial platform and nine Japanese-built bulkers. The acquisition via the group's trading arm transfers the entire issued share capital of Norvic Shipping Europe, Norvic Shipping Middle East, and Norvic Shipping Ventures to United Overseas Trading, ...
Post-Assad Syria turns to offshore oil with Chevron-Qatar pact Syria's state-owned Syrian Petroleum Company has signed a memorandum of understanding with US supermajor Chevron and Qatar's Power International Holding to develop the country's first offshore oil and gas field. The agreement targets exploration and development in Syrian territorial waters. The deal represents Syria's first formal offshore push after the ousting of the Bashar al-Assad ...
Harren and NSB form crewing joint venture in Manila German shipmanagement and shipping companies Harren Group and NSB Group have launched a new manning agent, Albireo, in the Philippines. The Manila-based team currently manages around 800 seafarers, who are deployed across approximately 90 vessels worldwide. "Albireo allows us to align our crewing processes with a unified operational standard and strong team spirit," said Tim ...
Alternative fuels are here, but liability frameworks are not Erin Walton from the West of England P&I Club writes for Splash today. Shipping's fuel transition is moving faster than the frameworks designed to manage its risks. While the industry has invested significant time and capital into assessing the technical and commercial viability of alternative fuels, far less attention has been paid to who carries ...
VLCC 'aggregator' has caused fundamental market shift, says DHT VLCC ownership has abruptly become much more concentrated. 'We can say with confidence that this is already having an impact...
Maersk lays out scenarios for duration and severity of slump 'The unknown is how deep and long it will last,' says Maersk's Patrick Jany of the rate downturn. 'Our view...
Weak dollar will boost headline marine insurance premiums, says IUMI Greenback's recent plunge will bolster aggregate statistics for sector
'Zombie' net zero push is danger to IMO, not us, says US official Transport official Marco Sylvester claims US is 'committed' to global industry regulator and urges shipowners to 'stand up' to achieve...
Ship recycling sales hit eight-month low in January as India leads buying Although recycling activity remains limited, volumes are expected to rise significantly later this year as liner sectors, in the boxship...
Solong master jailed for six years over fatal tanker crash Capt Vladimir Motin has been jailed for six years for gross negligence manslaughter. The court was told AB Mark Pernia...
Lease-in lease-out structure allows shipowners to own leased vessels Have-your-cake-and-eat-it model may swerve US/China port fees headaches
ABP shareholder exit could value UK ports giant at £10bn ABP has declined to comment on the exit rumours, but insiders point out that neither the shareholders nor ABP have...
Estonia's detention of banana boxship was politically motivated, says operator The owners, manager and crew of the Bahamas-flagged reefer stress that they were not involved in any illicit activity and...
South Korea's big three shipbuilders see sustained profitability driven by higher-margin orders With more than 100 LNG carrier orders expected to be placed this year, the companies are anticipated to deliver continuous...
Rapid rise of Chinese fleet is a 'wake-up call' for Europe Shipping should be kept out of political conflicts and armed confrontations, Travlos tells annual gathering of members
Lower freight rates drag Maersk earnings despite box volume growth Looking ahead, Maersk expects modest volume growth in 2026, but warned that full-year EBIT could range from a $1.5bn loss...
The Daily View: Shipping stocks offer shelter amid the storm
India launches national carrier as it seeks to strengthen maritime muscle Inland waterway expansions for bulk cargoes have also been planned to support its increasing role in global trade
Daily Briefing Flag state spat exposes growing government oversight gaps | Efficiency tech investment continues to grow, defying green malaise | IUMI...
NY-NJ port's stricter absentee policy results in first longshore cuts Marine terminals are using the new longshore contract to tackle one of the port's recurring problems, with the union's support, as they look to boost efficiency at the biggest port along the US East Coast.
Disruptive winter weather in US jolts spot truck rates to big gains The shock in spot market rates after the recent snowstorm and frigid temperatures has rivaled the severe winter weather of February 2021, which kickstarted an entire year of rising rates on shippers.
India advances launch of state container line after cabotage rule rewind New Delhi has formed a consortium of six state-owned entities to push ahead with a plan to launch a large nationally owned container carrier, to be known as the Bharat Container Shipping Line.
Gemini benefits face looming challenge from oversupplied market: Maersk CEO The carrier's solid interim earnings through 2025 ensured a positive full-year result, but red ink made its first appearance in two years on the company's quarterly balance sheet.
'Lumpy' project cargo demand to lead to two-tier MPV market Power generation cargoes are on the rise amid surging demand linked to data centers, but cargo generated by oil projects will be on shakier ground in 2026.
Rio Tinto pulls approach to Glencore in failed merger of mining giants Glencore says proposals 'significantly undervalued Glencore's relative value contribution'
Why Okeanis Eco Tankers is not afraid to be different This week's Streetwise continues our look at the financial approach of trending Greek tanker owner Okeanis Eco Tankers
Charterers on the hunt for period VLCC deals as 'the aggregator' eyes more assets DHT Holdings CEO says information flow could change alongside pricing dynamics
Maersk boss Vincent Clerc has three more cost levers to pull after corporate jobs bloodbath CEO says there are more ways to reduce expenses this year
'Are you crazy?' Greek tanker failed to stop after sinking fishing vessel, report finds UK accident report says neither ship did enough to prevent the collision
Contships amasses $240m war chest after selling 20 boxships Greek feeder specialist turns around loss in the fourth quarter
Contships turns a profit and amasses $240m war chest after selling 20 boxships Greek feeder specialist turns around loss in the fourth quarter
New kingpin driving the VLCC market as global fleet supply dries up Shadow fleet hunger sees mainstream fleet shrink as South Korean owner buys in
Russian master jailed for six years for fiery North Sea collision caused by 'complacency and arrogance' Judge dismisses captain's account of how he tried to prevent a disastrous collision
Dorian LPG sees profit surge in up-and-down quarter Higher earnings helps third-quarter performance, but fall short of analyst expectations
Russian master jailed for six years for fiery North Sea collision Judge dismisses captain's account of how he tried to prevent a disastrous collision
US official: IMO should kill 'Net Zombie Framework' Washington wants IMO to get rid of the aborted decarbonisation scheme
NYK and Ocean Yield fix huge LNG carrier newbuildings to US giant Cheniere Long-term deals agreed as Japanese group confirms order in South Korea
Maersk boss: Scrapping needed to offset 'bumpy' quarters coming from Red Sea return Vincent Clerc says full and fast resumption of Suez transits will hit already falling freight rates
Greek newcomer triples LR2 orderbook as Venergy builds fleet 'for decades to come' Vyron Vasileiadis discusses shipowning expansion after adding tankers at New Times
London insurers face 'alarming' shortfall of young talent Trade body warns that graduate jobs are falling despite the need to boost the sector
Maersk to axe 1,000 corporate jobs as it posts a loss Danish giant's Ebitda forecast to be lower in 2026 as it assesses impact of Red Sea opening
Mercuria nets 145 cargoes over 20 years from new US LNG project Swiss trader says it is committed to long-term gas deals
Cleaves boss Per Olav Karlsen targets vessel and shipyard buys with new venture Norwegian investment banker is now also CEO of Custos Maritime & Defence Industries, which is planning a public listing
Boss of world's biggest stainless steel tanker owner steps down MOL Chemical Tankers replaces retiring CEO with parent company executive
Estonia releases Russia-linked reefer arrested on suspicion of smuggling Ship now heading to Russia after detention to check for smuggled drugs
Thenamaris tanker ships first Venezuelan fuel cargo to Europe in two years Trafigura has chartered the vessel for a voyage to Rotterdam
Kyoei Tanker profit slumps as one-off vessel sale gains disappear Japanese owner's earnings normalise despite modest revenue growth
Maersk stock plummets after 'soft' outlook around Red Sea reopening Danish giant saw forecasts miss market expectations as Red Sea return kicks in
Anne Jorunn Mokster makes rare sale-and-purchase deal to leave Remoy Shipping with a single vessel Norwegian owner swoops for large PSV from compatriot bought out by Saudi Arabia's Zamil Offshore
Itochu bulker arm extends sales drive in fresh deal with familiar Greek buyer Japanese trading conglomerate offloads legacy bulkers as it focuses on forward-looking projects
Maersk to axe 1,000 corporate jobs as it posts a loss and cuts profit forecast Danish giant's Ebitda forecast to be lower in 2026 as it assesses impact of Red Sea opening
Danske Bank sees opportunities in maritime industries as it grows in Norway Overall shipping credit exposure falls in fourth quarter
Vale seeks 30 triple-fuel ore carrier newbuildings in $3bn swoop Long-term contracts require 10 Guaibamaxes and 20 newcastlemaxes
Can a sweeping statement about tech compliance help deter the dark fleet in North Europe? European countries send message to non-compliant tankers that stops short of explaining penalties
Greek owner Harry Vafias tied to new sale from his debt-free LPG carrier fleet StealthGas is said to have agreed its first divestment of 2026
Disputed bulker sells for knock-down price at Indian court auction Ship arrested over unpaid bill fetches almost $2m more at second attempted sale
Chemical tanker arrested as charter to Singapore-based operator turns sour BainBridge Navigation claims the vessel failed to perform as expected
Iino Kaiun lifts outlook and dividend despite chemical tanker drag Japanese owner raises full-year profit guidance as weak yen and equity income offset softer markets
Chemical tanker arrested as charter to Singapore-based operator goes sour BainBridge Navigation claims the vessel failed to perform as expected
Bad weather blamed as Indonesian tanker capsizes and sinks Strong winds and high waves overwhelmed vessel during coastal passage, authorities say
Zhonggu Logistics boosts orderbook with two post-panamax container ships Chinese liner player takes newbuilding spend this year to $667m
Around 30 containers plunge into sea at Indonesian port after MPP vessel takes on severe list Port worker reported dead after being struck by falling boxes
Itochu bulker arm extends sale drive in fresh deal with familiar Greek buyer Japanese trading conglomerate offloads legacy bulkers as it focuses on forward-looking projects
Nashville-based Quickway Transportation, affiliates file for Chapter 11 bankruptcy Quickway Transportation and its affiliate entities, Quickway Logistics and Quickway Carriers, have each filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Middle District of Tennessee, according to court filings submitted in late January. Quickway Transportation listed between $0 and $50,000 in estimated assets and liabilities and fewer than 50 creditors in its volunt
First look: Werner's Q4 misses mark Werner Enterprises reported a cost-burdened fourth quarter that came in light of estimates even after adjusting for nonrecurring items. Werner ( NASDAQ: WERN ) reported a fourth-quarter headline net loss of $27.8 million, or 46 cents per share, on Thursday after the market closed. However, the number included $44.2 million in restructuring and impairment charges, the bulk of which were noncash it
Foreign trucker CDL rule now under review at OMB WASHINGTON - The Trump administration's effort to clamp down on the licensing of foreign-domiciled truck drivers has moved into its final stage of executive oversight. "Restoring Integrity to the Issuance of Non-Domiciled CDLs ," an Interim Final Rule (IFR) published in September, is now officially "pending review" at the Office of Management and Budget (OMB). The move means that the Federal M
XPO's January tonnage bucks negative trend XPO reported a January tonnage surprise on Thursday, sending shares more than 11% higher in early trading. A modest uptick in demand from the less-than-truckload carrier's manufacturing customers combined with in-house growth initiatives resulted in no change to tonnage during the month. That ended an 18-month stretch of year-over-year declines. Manufacturing data released on Monday showed indust
Canadian e-commerce shipping platform acquires Warehowz E-commerce shipping technology platform ShipTime Canada announced Thursday it has acquired Warehowz, a North American marketplace for on-demand warehousing and fulfillment, to enhance its ability to support merchants' logistics needs. The deal is the latest example of how smaller parcel logistics providers are investing to build fulfillment and delivery scale. With a network of more than 2,500 af
GOP members to STB: Find 'real' benefits or reject rail merger Republican members of Congress today urged the Surface Transportation Board to conduct a thorough review of the proposed merger of Union Pacific and Norfolk Southern, to ensure that the historic deal creates substantial benefits for shippers. Rep. Dusty Johnson of South Dakota, in a letter to STB Chairman Patrick Fuchs and members Michelle Schultz and Karen Hedlund, encouraged the regulator to "c
U.S. rail freight loses ground in latest data That was a short-lived rally. A week after posting volume gains across all commodities and intermodal, freight on U.S. rail lines swung to a loss in all but one category for the week ending Jan. 31. Freight on American railroads came to 434,361 carloads and intermodal units, down 15.5% percent compared with the same week a year ago. The Association of American Railroads reported 191,188 total car
Maersk posts Q4 pre-tax loss, will cut 1,000 jobs Maersk saw pre-tax earnings fall to a loss in the fourth quarter as downward pressure on freight rates offset strong volume growth. The world's second-biggest container carrier on Thursday said earnings before interest and taxes (EBIT) fell to a loss of $153 million as weaker rates offset "strong" container volume growth of 8%, down from $567 million in the previous quarter and $1.6 billion in th
FedEx preparing major sort center expansion at Memphis air hub FedEx Corp. has unveiled plans for an enormous upgrade of its global parcel hub in Tennessee, submitting a preliminary proposal to local authorities for a five-story, 1.6 million square foot small package sort center at Memphis International Airport designed to keep up with e-commerce demand. The new e-commerce project, code-named "Hercules," would be built just south of FedEx's ( NYSE: FDX ) new
The Chameleon Network Behind the Indiana Crash That Left Four Dead Is an Old, Tired Story On Tuesday afternoon, a 30-year-old truck driver from Philadelphia named Bekzhan Beishekeev failed to stop for slowed traffic on State Road 67 in Jay County, Indiana. He swerved into oncoming traffic and killed four Amish men from the Bryant community: Henry Eicher, 58, his sons Menno, 33, and Paul, 31, and Simon Schwartz, 22. The truck bore a triangular mountain logo. That logo was all it took.
No new deals imminent, but Love's eyeing more growth in factoring With its end-2025 acquisition trifecta that brought it three factoring companies all at once, Love's Travel Stops is likely to look for more this year to grow its factoring activities within its Love's Financial Services division. Love's announced the acquisition of three factoring companies -TBS Factoring Service, Saint John Capital and Financial Carrier Services-just before Christmas. The price
First look: XPO posts Q4 earnings beat XPO ( NYSE: XPO ) reported fourth-quarter adjusted earnings per share of 88 cents ahead of the market open on Thursday. That was 12 cents higher than the consensus estimate but 1 cent below the year-ago result. The consensus estimate moved down (from 85 cents) after XPO's intraquarter update , which some analysts construed as worse-than-expected. (The adjusted EPS result excluded gains on real es
Alderson, CN investor relations executive, to retire Stacy Alderson, Canadian National's assistant vice president, investor relations, will retire in May. Alderson will be succeeded by Jamie Lockwood, appointed as vice president, investor relations and special projects. Chief Executive Tracy Robinson of Montreal-based CN (NYSE: CNI ) made the announcement during the company's recent earnings call. Stacy Alderson Robinson said Alderson has "had an e
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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