CBO: Price tag for 15 Trump Class battleships? $275 billion The Congressional Budget Office (CBO) estimates that it would cost about $275 billion (in 2026 dollars) to build 15 of the Navy's new nuclear-powered Trump Class battleships through 2056. The first ship
Blue Water Autonomy selected for NAVOCEANO autonomous open-ocean survey contract Blue Water Autonomy, the Boston-based tech company whose first 190-foot Liberty Class autonomous ship is under construction at Conrad Shipyards, reports that it is among companies selected for a multiple-award contract with
Sean M. Dalton nominated as next IUMI president The nominating committee of the International Union of Marine Insurance (IUMI) has announced the nomination of Sean M. Dalton as the next president of IUMI. Dalton, who is currently executive vice president
VIDEO: Grit City Workboats animated series aims to inspire new generation of maritime professionals Tacoma, Wash.-based workboat builder Silverback Marine has announce the official launch of Grit City Workboats, a new animated entertainment brand bringing the world of working boats and maritime adventure to children and
Colonna's Shipyard in multi-year partnership with Newport News Shipbuilding Norfolk, Va.-based Colonna's Shipyard, Inc. (CSI) reports that it has reached a multi-year agreement with HII's Newport News Shipbuilding (NNS) division. The agreement covers the fabrication of structural components for U.S. Navy
Sterling Shipyard delivers Z-Tech 30-80 tractor tug to Gulf LNG tugs Port Neches, Texas-based Sterling Shipyard LLC reports the successful delivery of the Z-Tech 30-80 tractor tug Laguna Gulf, marking a major milestone in its partnership with Gulf LNG Tugs of Brownsville LLC,
LeBeouf Bros. Towing rolls out OpenTug's BargeOS platform company-wide OpenTug, the AI-native platform purpose-built for inland and coastal barge logistics reports the successful enterprise deployment of its BargeOS platform at Bourg, La.- headquartered LeBeouf Bros. Towing (LBT). Following a phased implementation,
Ignazio Messina launches Red Sea Express Line Ignazio Messina has announced the launch of its new Red Sea Express Line. The service will strengthen the company's Indian Ocean-Red Sea network. Moreover, it will provide additional sailings alongside the existing Jolly Line service. Ignazio Messina will deploy an additional vessel to meet growing demand across the trade corridor. As a result, the carrier will increase capacity, connectivity and
CMA CGM introduces PSS on several Far East trades CMA CGM will introduce Peak Season Surcharges (PSS) on several trades from the Far East. The new charges will cover shipments to Mozambique, Madagascar, Somalia and Seychelles. Far East to Mozambique From 10 August 2026, CMA CGM will apply a PSS of US$250 per TEU on shipments from the Far East to Maputo. The surcharge covers all cargo and will remain effective until further notice. CMA CGM will u
ABS and Samsung Heavy Industries advance floating data centre ABS and Samsung Heavy Industries have announced two milestones in floating data centre development, forming part of a series of agreements following the opening of the Korea-US Shipbuilding Partnership Center in Washington DC. The first milestone is a design approval agreement under which ABS will review SHI's 50 MW floating data centre design against applicable class rules and IMO regulations, b
CMA CGM introduces overweight surcharge from Far East to Africa CMA CGM will introduce an Overweight Surcharge (OWS) for dry cargo moving from the Far East to South Africa and Mauritius. The surcharge will take effect on 15 August 2026 and remain valid until further notice. Far East to South Africa CMA CGM will apply a surcharge of US$500 per 20-foot dry container when the cargo weight exceeds 18 tonnes. Far East to Mauritius CMA CGM will also apply a surchar
GXO Logistics reports increase in all operating regions GXO Logistics reported second quarter 2026 revenue of US$ 3.4 billion, a 4.3% increase year-on-year from US$ 3.3 billion in the second quarter of 2025, with organic revenue growth of 3.4% across all three operating regions. Adjusted EBITDA increased to US$ 219 million from US$ 212 million in the prior year period, while adjusted diluted earnings per share grew to USD 0.59 from US$ 0.57. Net incom
Port of Tauranga appoints new General Manager Corporate Services Port of Tauranga has announced the appointment of Kura Poulava as General Manager Corporate Services, with Kura joining the port in November. She replaces Melanie Dyer, who departed the role in June. Kura is currently General Manager Human Resources at EastPack and brings more than 20 years of experience in senior people and culture leadership roles across large operational organisations. Her exp
Georgia Ports promotes Vice President of Human Resources The Georgia Ports Authority has promoted Charles Pennington from Director of Human Resources to Vice President of Human Resources. The announcement was made by Chief Human Resources Officer Lise Altman. Pennington joined GPA in 2019 as a Human Resources Manager, having previously served as HR Manager for Coastal Logistics Group. He holds a Master of Business Administration from Georgia Southweste
Hapag-Lloyd announces GRI for Conosur service Hapag-Lloyd will introduce a General Rate Increase (GRI) for shipments moving on its Conosur service (CON). The GRI will cover cargo transported from the East Coast to the West Coast of South America. Effective date and amount The increase will apply to all dry containers gated in full from 4 September 2026. Hapag-Lloyd will charge: US$600 per dry container The GRI will remain valid until further
Boxship detours round Cape of Good Hope drop to lowest since 2024 The number of container ships steaming from Asia to Europe round the Cape of Good Hope has fallen to the lowest level in more than two years, as Maersk Line and CMA CGM are sending more vessels through the Suez Canal. Despite the Houthis threatening to resume their attacks on ships moving through the Red Sea, Maersk Line and CMA CGM are continuing with Suez transits to speed up Asia-Europe voyage
Port of Gdansk signs lease with Baltic Hub for rail and terminal expansion The Port of Gdansk Authority has signed a 30-year lease agreement with Baltic Hub Container Terminal, granting the operator access to a 27-hectare site adjacent to its T2 deepwater terminal for the development of a new intermodal rail and container handling area. The agreement follows a competitive tender process and represents a significant expansion of Baltic Hub's landside and quayside capacit
PIL launches Imara Express service Pacific International Lines (PIL) will launch its Imara Express (IMX) service between India and East Africa. The weekly service will expand PIL's existing Asia-Africa network. It will also give customers greater access to key markets across the region. The first IMX sailing will depart from Nhava Sheva on 23 September 2026. Imara Express port rotation The service will follow this rotation: Nhava
CMA CGM revises MTE and PEARL service rotations CMA CGM will revise its MTE and PEARL transpacific service rotations. The carrier will add Port Klang to the MTE service. Meanwhile, it will transfer the Haiphong call to the PEARL service. Revised MTE rotation The MTE service will follow this rotation: Port Klang - Vung Tau - Shanghai - Los Angeles - Oakland - Kaohsiung - Port Klang The new rotation will offer a direct solution for local and tra
Maersk revises PSS from Far East Asia to Latin America Maersk has announced several Peak Season Surcharge (PSS) changes for cargo moving from Far East Asia to Latin America. The carrier initially reduced the surcharge for several destinations in early August. However, Maersk will introduce higher levels later in the month. The changes cover Mexico, South America, Central America and the Caribbean. PSS increase to Mexico, West Coast South America, Cen
CMA CGM revises COLUMBUS PNW service rotation CMA CGM will revise its COLUMBUS PNW (CPNW) service by adding calls in South China and Taiwan. The updated service will connect major Asian ports with Vancouver and Seattle. Moreover, it will offer weekly sailings and direct connections across the Pacific. Revised COLUMBUS PNW rotation The service will follow this rotation: Yantian - Shanghai - Busan - Vancouver - Seattle - Kaohsiung - Yantian Tr
Samudera launches Khor Fakkan India Express service Samudera has launched its new Khor Fakkan India Express (KIX) service, strengthening container shipping connections between western India and the Gulf. The service is scheduled to commence in mid-July 2026. It will deploy two vessels on a 14-day rotation, providing fixed weekly sailings and consistent cargo connections between India and Khor Fakkan. KIX port rotation The Khor Fakkan India Express
Sarjak Container Lines expands Vietnam presence Sarjak Container Lines (SCL) has entered into a strategic agency partnership with Vantage Logistics Corporation, strengthening its project logistics capabilities and operational reach across Vietnam. The agreement combines SCL's international expertise in project logistics, breakbulk, out-of-gauge (OOG) cargo and specialised equipment with Vantage's established network across northern, central an
DSIC delivers next-generation LNG carrier SEA ENERGY Dalian Shipbuilding Industry Co. has delivered SEA ENERGY, the lead vessel in a new series of second-generation LNG carriers for China Merchants Energy Shipping. The naming and delivery ceremony took place on 24 July 2026. SEA ENERGY has a cargo capacity of 175,000 cubic metres. Dalian Shipbuilding Industry Co. designed and constructed the vessel, while China Classification Society provided surve
Lufthansa Cargo reports stronger first-half results Lufthansa Cargo improved its financial performance during the first half of 2026, supported by higher demand and expanded cargo capacity. Revenue increased by 16% to €1.92 billion from €1.65 billion in the same period last year. Adjusted EBIT rose by 47% to €199 million, compared with €135 million during the first half of 2025. The Adjusted EBIT margin improved to 10.4% from 8.2%, representing an
FedEx appoints Marcus Balzereit as President of FedEx Logistics FedEx has appointed Marcus Balzereit as President of FedEx Logistics, its global freight forwarding business. Balzereit will lead an integrated team providing international freight forwarding and value-added services. The business employs more than 9,000 people across over 50 countries and territories. Balzereit brings global logistics experience Balzereit has more than 25 years of experience in
ABP, Brett and Tarmac form Sizewell C logistics partnership Associated British Ports, Brett and Tarmac have formed a coordinated logistics partnership to support the construction of Sizewell C. The partnership plans to provide an integrated tri-modal supply chain for construction materials through the West Bank at ABP's Port of Ipswich. The proposed logistics system will combine marine, rail and road transport with materials handling and storage services.
Port of Hamburg promotes rail alternative amid low Rhine water levels The Port of Hamburg is promoting its rail connections with Cologne and Duisburg as an alternative to Rhine barge transport during periods of low water. Persistent low water levels on the Rhine can restrict inland vessel capacity and extend transit times. They may also increase costs for export cargo moving through Antwerp and Rotterdam. Hamburg said its combined transport services can provide an
Fugro scores deepwater ROV contract for ONGC drilling campaign Vantage has awarded a three-year contract to provide ROV-based deepwater drill support services for ONGC's offshore drilling operations in India to Fugro. Under the contract, Fugro will support drilling and completion activities in water depths of up to 3,000 m on board Vantage's 2010-built Platinum Explorer drillship. The work forms part of ONGC's deepwater exploration programme, ...
TGS launches seismic overhaul offshore Egypt Oslo-listed seismic data specialist TGS, in partnership with Egyptian Natural Gas Holding Company (EGAS), has commenced a large-scale 2D seismic reimaging initiative covering 34,000 km offshore Egypt. The project, named EGY-2DRE2026, will integrate input from the GeoStreamer 2016, 2018, and 2023 surveys, together with other available conventional 2D data, to build a single, consistent regional ...
InterMoor secures long-term Petrobras services contract InterMoor, Acteon's moorings and anchors brand, has been awarded a new contract by Petrobras to provide inspection, preservation, maintenance, and operational readiness services for subsea interconnection, mooring, and anchoring materials. This award marks the third contract secured by InterMoor from Petrobras in less than a year, reinforcing a long-standing partnership. Under the scope of work,
Goldenport lifts ultramax newbuild bet Greek owner Goldenport Shipmanagement has reportedly doubled its ultramax newbuilding programme at China's Nantong Xiangyu Shipbuilding & Offshore Engineering, adding two more vessels. Broker database entries show the John Dragnis-led company behind two fresh 63,500 dwt hulls, both scheduled for delivery in 2029. The ships follow a pair ordered in June at a reported price ...
Asso.subsea unveiled as buyer of Reach and Eidesvik's IMR vessel Greek offshore contractor Asso.subsea has been revealed as the buyer of the Reach Subsea and Eidesvik Offshore-owned IMR vessel Viking Reach. Eidesvik and Reach Subsea previously stated that the acquisition also includes a high-specification work-class ROV (WROV) spread. Completion of the transaction is expected in the early fourth quarter of 2026. Upon delivery, the vessel ...
DP World invests €48m in Antwerp cold chain expansion DP World is investing an initial €48m ($55.4m) to develop a new temperature-controlled logistics hub alongside its Antwerp Gateway container terminal, expanding its presence in the high-value cold chain sector and strengthening the Port of Antwerp-Bruges as a European gateway for perishable and pharmaceutical cargo. The first phase of the project will create an 83,000 ...
Greece's Nautilus makes tanker newbuild debut at Wuhu Greek owner Nautilus Management has entered the tanker newbuilding market with an order for up to two MR1 product and chemical carriers at China's Wuhu Shipyard. Splash understands the deal covers one firm 41,000 dwt vessel and an option for a second. Delivery slots run from the third quarter of 2028 into early 2029, while ...
Argentina reopens ports after pilots trap 150 ships Argentina has suspended a controversial overhaul of its pilotage regime after industrial action brought much of the country's maritime trade to a standstill and left more than 150 ships waiting to move. Port and river pilots resumed accepting assignments on Tuesday evening following an agreement with the government that includes a temporary suspension of Decree ...
Floating wind tipped to supply one-third of UK offshore capacity by 2050 Floating offshore wind is moving from concept to deployment, but financial services firm Heligan claims the UK still lacks the port infrastructure needed to turn that pipeline into actual capacity. According to a new infrastructure report from the company, floating projects, forecast to exceed 10GW-15GW, could account for about one-third of UK offshore wind capacity ...
Frontline strikes $270m deal for VLCC pair John Fredriksen's Frontline has agreed to sell two 2017-built VLCCs for $270m, cashing in on firm tanker values at $135m per ship. The New York- and Oslo-listed owner said it expects the vessels to change hands during the third quarter. The ships and buyer were not identified. After repaying debt attached to the pair, Frontline ...
Vantris boosts orderbook with $203m contract haul Malaysian offshore services company Vantris Energy, formerly known as Sapura Energy, has secured contracts worth about RM830m ($202.78m) for offshore transportation and installation works as well as tender-assisted drilling rig services The company said the offshore transportation and installation award comprises a work order from Petronas Carigali for services under an existing contract. Within
Global bauxite trade triples in a decade Global seaborne bauxite trade has more than tripled in a decade and is running at another record pace in 2026, driven overwhelmingly by shipments from Guinea to China. Ocean loadings rose from 81.3m tonnes in 2016 to a record 247.5m tonnes last year, according to analysis from Ursa Shipbrokers. Volumes reached 160.5m tonnes in the ...
Denmark awards two offshore wind projects to Vattenfall Swedish utility Vattenfall has been awarded the Hesselø and North Sea I Mid offshore wind projects in the latest Danish offshore wind tender. The Hesselø offshore wind project is in the Kattegat Sea between Denmark and Sweden, around 30 km from the coast, with a minimum installed capacity of 800MW. The North Sea I Mid ...
Callum Beaumont: Your guide to a career in shipbroking The brokers who thrive will be those who combine technology and data with judgement, negotiation and relationships, the author of a new maritime career guide tells Maritime CEO today. Shipbroking remains a compelling career with a strong future, but the toolkit required to succeed is changing rapidly, according to Callum Beaumont, founder of maritime recruitment ...
Black Sea attacks choke grain, coal and iron ore trades Russia has claimed strikes on four vessels and port infrastructure across Ukraine as the Black Sea has become the world's most dangerous environment for commercial shipping. The Russian defence ministry said its forces hit three vessels in the port of Mykolaiv and another ship at sea off Odesa on Tuesday, alleging all four were being ...
Houthi attacks proliferate An Indian-flagged cargo vessel sunk yesterday in a suspected Houthi attack in the southern Red Sea, adding another casualty to the growing list of merchant ships caught up in the conflict off Yemen. Upping their campaign against commercial shipping, the Houthis claimed today that they had also hit a Bahri tanker, The mechanised sailing vessel ...
Chinese lessors use Malta flag to rebuild European business Chinese ship leasing companies are using the Maltese flag to revive financing business with European owners, offering aggressive rates while seeking to distance vessels from mounting China-related trade and compliance risks. Chinese leasing houses are increasingly structuring bareboat charter transactions through Malta, an EU member state whose flag, tax regime and recently strengthened creditor
CK Line signs for up to four 6,400 teu newbuilds in China South Korea's CK Line has returned to China's Huangpu Wenchong Shipbuilding with an order for up to four containerships, extending a relationship that began with a pair of feeder vessels delivered last year. The company has signed for two firm 6,400 teu newbuilds with options for another two under a contract concluded with Huangpu Wenchong ...
Europe can't afford to lose CPC crude, says Okeanis boss Greek shipowner Okeanis Eco Tankers posted bumper Q2 profits off the back of booming rates for its VLCCs and suezmaxes
Stuck in the Middle East Gulf: seafarers reveal the human cost of a shipping war Behind every stranded vessel and every datapoint are seafarers operating in some of the most trying conditions in global shipping...
Munich Re marine head set to become next IUMI president Influential trade association gears up for Rotterdam conference
Capacity cuts and front-loading push transatlantic freight rates higher Westbound bookings are said to have recently reached their highest level in more than a year, supported by rising European...
Houthis claim attack on Saudi MR tanker in Red Sea The Yemeni faction claimed to have 'successfully' targeted Bahri-controlled NCC Wafa off Yanbu
VLCC marine insurance costs highest since 2024 Middle East Gulf conflict most likely explanation for raw data
Fleet renewal drives ro-ro cargoship orders, but thin orderbook signals continued caution All 2026 ro-ro cargoship orders have gone to Chinese shipyards, reinforcing their dominance through competitive pricing and quality
Middle East port update: Wednesday, August 5 In Kuwait, Shuaiba and Shuwaikh port, ISPS Level 2
All crew rescued from India-flagged dhow allegedly attacked by Houthis All 14 seafarers were rescued after the vessel was struck by a projectile near Yemen, with authorities blaming Houthi rebels...
Daily Briefing Black Sea now the 'most dangerous commercial shipping environment in the world' | Liberia defends its anti-NZF stance as countries...
Capacity at large truckload fleets stabilizing as carriers 'maximize utilization' The Journal of Commerce Truckload Capacity Index dropped slightly in the second quarter, signaling caution, after a Q1 surge linked to an acquisition.
DHL delivers solid Q2 result on booming Express sector The momentum generated by air and ocean demand during the quarter is expected to continue through the second half of the year, the company's CEO said.
New funding round puts AI agent providers back in spotlight HappyRobot's $1.2 billion valuation is raising familiar questions about how valuable logistics technology can be in the age of artificial intelligence.
Global shipping calls on UN, IMO to ensure no Hormuz tolls The industry groups expressed concern as reports emerge that Iran and Oman are in talks on future shipping arrangements for the strait that would include tolls on vessel.
DHT Holdings reports record quarter in VLCC trade, beating estimates Third-quarter VLCC bookings cool slightly
Excelerate confirms Meiji LNG carrier buy for first FSRU conversion job Company scoops seven-year charter to deploy its existing regasification vessel to Frontera Energy's Columbia project
Star Bulk earnings surge past Wall Street expectations as outlook looks 'constructive' Petros Pappas-led bulker giant says results are best since second-quarter of 2022
Genco Shipping rewards shareholders with record dividend Company beat analyst bets and guides to stronger payout in current quarter on firming rates
Houthis target tanker with ballistic missile, forcing vessel to turn back Attack marks second claimed by Yemen-based militant group in a day
Eyal Ofer's Zodiac Maritime orders new car carriers amid 'unbelievable' growth in Chinese exports UK's largest shipowner adds to its interest in a lucrative niche
NYK lifts profit forecast as it explains $1bn NS United takeover Japanese shipping giant expects 2026 profits in dry bulk shipping to triple
US former seafarer set for top job at global insurance body Sean Dalton says his focus will be on promoting talent in a time of upheaval for the industry
Drone strikes force halt in Russian and Turkish Black Sea sailings State-controlled Fesco and private Turkish operator Kalyon say the sea is no longer safe enough for them
Attacks on vessels could create 'slower, longer' Black Sea export season for grains Russian exports are being disrupted too after Ukrainian strikes on grain hubs
Greek giants snare huge Red Sea VLCC rates as Middle East dislocation drags on Minerva Marine VLCC reportedly fixed for another massive rate after huge March deal
Capesize spot rates jump above $46,000 as demand outstrips vessel supply Fixtures have been thin, but done at successively higher rates
Negotiators 'closing in on deal to reopen Strait of Hormuz' Iran keeps future fees on the agenda as part of deal to get shipping moving again
'Huge mistake': Okeanis CEO still regrets time-charter deal as VLCC spot rates fly Every VLCC owner putting vessels on time charter is leaving money on the table, chief executive Aristidis Alafouzos said
Global Ship Lease locks in $3bn revenue backlog as profit keeps flowing Boxship tonnage provider 'in a strong position', executive chairman George Youroukos says
China Merchants turns tanker plan into firm Dalian newbuilding deal Executed contracts add fresh detail to previously announced aframax programme
Hellenic Hull strikes new deal to boost southern Europe business Maltese insurer Accredited Insurance will provide the financial backing for the new partnership
Shipowners unite against domino effect of Strait of Hormuz tolls Eight groups called for protection of the centuries-old practice of freedom of navigation
LNG spot rates slide as ship deliveries and 'summer lull' weigh on market Arbitrage between west and east is firmly shut... for now
'Fake' insurance papers deal fresh blow to victims of US tanker strike Complex financial affairs of the shadow fleet tanker complicate payouts for families of three men killed in Gulf of Oman attack
Dorian LPG posts record profit as wars boost rates to 'extraordinary' levels John Hadjipateras-led company also books fat gain from secondhand ship sales
How is shipping's fuel transition going? Four new data points reveal all IMO delay sees alternative-fuel newbuilding orders drop from 55% in 2022 to only 25% today
ZeroNorth teams with major owners to launch AI agents for the automation of vessel operations Voyage optimisation agent aims to help cut fuel consumption and make operations more efficient
How is shipping's fuel transition going? Four new data points reveal all IMO delay sees alternative fuel newbuilding orders drop from 55% of total in 2022 to only 25% today
Houthis claim attack on Bahri oil tanker off Red Sea port Rebel group gave few details of claimed missile strike on ship off Yanbu
Laurent Cadji boosts gas carrier bet as overall orderbook closes in on 70 ships Union Maritime has turned to Yangzijiang Shipbuilding for its latest VLAC/VLGC newbuildings
Shell joint venture snaps up jettyless kit for Bahamas LNG terminal Fast-track terminal to use floating marine infrastructure
Middle East conflict boosts Navigator Gas bottom line Rates, utilisation and terminal throughput all jump in second quarter
K Line raises 2026 profit forecast on strong demand for dry bulk and container shipping Middle East conflict has boosted demand for coal, grain, LPG carriers and tankers, Japanese shipping giant says
Chellaram hands commercial reins to company veteran Long-serving successor on what will - and won't - change after leadership shift
Polaris Shipping orders four triple-fuel newcastlemaxes for Vale charters Ethanol will be the ore carriers' primary fuel
Greek owner Arcadia Shipmanagement orders tanker trio at Hengli Shipowner now has nine tankers on order in China and South Korea
John Fredriksen's Frontline to share $110m gain with investors after selling VLCC duo Adnoc Logistics & Services believed to be buyer in profitable sale
HD Hyundai takes next step in US shipbuilding push with welding tech tie-up Technology pilot highlights expanding industrial ties with Huntington Ingalls
K Line raises 2026 profit forecast on strong demand for dry bulk and containers Middle East conflict has boosted demand for coal, grain, LPG carriers and tankers, Japanese shipping giant says
Lack of ship sales drags down profit at Singapore-listed FSL Trust However, the company has one potential sales candidate as small tanker ends long-term charter
Polaris Shipping orders four triple-fuel newcastlemaxes for Vale deal Ethanol will be the primary fuel for the ore carriers
John Fredriksen's Frontline to share $110m gain with shareholders after selling VLCC duo Adnoc Logistics & Services believed to be buyer in profitable sale
Energy Secretary signals Jones Act waiver extension as pump prices remain elevated U.S. Energy Secretary Chris Wright said on Tuesday that another temporary extension of the Jones Act waiver is likely and that the existing exemption has already helped lower energy prices in California and on the U.S. East Coast. Speaking at a press conference in Brownsville, Texas, Wright added that he expects fuel prices to come down in the coming weeks, a message the White House is eager to d
DHL 30% profit growth led by heavy air freight Heavier air shipments at its Express division, capacity constraints in air freight and pass through of higher fuel costs through profit-padding surcharges mechanisms helped propel a 30% increase in operating profit for DHL Group amid volatile market conditions. The quarter favorably compared to the same three-month period in 2025, which was marked by a pullback in international shipments in respo
These two industrial categories paced another strong week for rail freight The beginnings of another peak import surge combined with ongoing shifts of truckload freight to rail helped boost weekly intermodal traffic ahead of solid carload freight on U.S. railroads. The Association of American Railroads data on U.S. rail traffic for the week ending August 1 showed 526,410 carloads and intermodal units, up 2.4% from the year-ago week. A total 233,171 carloads failed to ca
Fleet demand stays strong despite July slowdown in Class 8 orders The North American Class 8 truck market cooled in July following an exceptionally strong spring, but industry analysts say the slowdown reflects limited production availability rather than weakening freight demand. FTR Transportation Intelligence reported preliminary North American Class 8 net orders totaled 22,000 units in July, down 31% from June but 75% higher than July 2025. The research firm
New Mideast war front: Indian ship sinks after Red Sea attack The crew of an Indian-flagged ship were rescued after a fiery attack in the Red Sea, as spreading violence targets shipping across the Middle East. The mechanized vessel MSV Faize Noore Oliya was struck by a projectile and sank in the Red Sea off Yemen's western coast on August 4, according to British security monitor UKMTO. All 14 crew members - 13 Indian nationals and one Yemeni - were rescued
North America becomes GXO's fastest-growing market in Q2, topping $782M Executives at GXO Logistics said its transformation strategy is beginning to pay off as the company reported its strongest commercial quarter in three years and expressed confidence that growth will accelerate into 2027. During the second-quarter earnings call on Wednesday before the market opened, CEO Patrick Kelleher said the company has moved beyond leadership changes and strategic planning in
Lineage idles 5 more facilities amid cold storage glut Lineage said the cold storage market is still working through a supply overhang after the industry added too much capacity in response to the pandemic. It estimates the market is 10% overbuilt, noting it has idled some locations recently and that a few competitors are on the brink of shutting down. Lineage ( NASDAQ: LINE ) ceased operations at 10 facilities last year and at 5 locations so far thi
Tragedy at Port of Baltimore: Veteran longshoreman killed in rare equipment accident The incident at the Dundalk Marine Terminal has prompted an investigation by Maryland Transportation Authority (MDTA) Police and the Occupational Safety and Health Administration (OSHA). According to the MDTA, officers were called to the terminal shortly after 9 a.m. on Monday in response to a report of an injured worker. Upon arrival, they found 53-year-old David Deon Smith had been struck by eq
Cassandra Gaines expands transport risk framework with BAVRA Standard for shippers Just months after introducing a framework for carrier vetting, Carrier Assure founder and CEO Cassandra Gaines has released a companion standard aimed at another link in the transportation chain: how shippers select and oversee freight brokers. The new BAVRA Standard - short for Broker Assessment, Verification, Risk and Accountability - is a 34-page framework designed to help shippers establish a
Shipper liability takes another Texas setback; CHRW plays offense The legal push to hold shippers liable for an accident involving a truck hauling its goods when it did not hire the carrier directly has taken another blow in a Texas court. But the mere existence of the case, alongside the nuclear verdict against C.H. Robinson in the case of Lipe vs. Lupus Superior, are just more fuel in the legal battlefield over who beyond the obvious parties will be held liab
Pamt Corp. books another net loss, 110.6% adjusted TL OR Truckload carrier Pamt Corp. continues to cut its fleet to restore profitability. Pamt ( NASDAQ: PAMT ) reported a second-quarter net loss of $7.4 million, or 36 cents per share, Tuesday evening. Excluding the impact from a one-time accrual related to prior auto liability claims, earnings per share were 25 cents. (Pamt booked a net loss of 46 cents per share in the year-ago period.) The second qu
First look: GXO books strongest sales quarter in three years GXO Logistics reported second-quarter 2026 financial results Tuesday that showed continued momentum in contract logistics despite a cautious global freight environment. Revenue increased 4.3% year over year to $3.4 billion, while organic revenue rose 3.4%, reflecting growth across all three of the company's geographic regions. Chief Executive Officer Patrick Kelleher said the company is benefitin
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