VIDEO: Baleària's Mercedes Pinto reaches 38 knots on trials Mercedes Pinto, the third 123-meter dual-fuel RoPax fast ferry designed by Incat Crowther for Spanish operator Baleària, has been tested successfully on sea trials. Built by Astilleros Armon in Gijon, Spain, the
Trump pauses Project Freedom, Iran presses ahead on toll collection Citing "great progress" in negotiations with Iran, President Trump said yesterday that, while, the U.S. blockade of Iranian ports will continue, the Project Freedom initiative to escort ships through the Strait of
Kongsberg Maritime wins contract to supply OPC propulsion systems Austal USA has awarded Kongsberg Maritime a contract to supply its Promas propulsion systems to the next four ships in the U.S, Coast Guard's Offshore Patrol Cutter (OPC) Heritage Class program. The
APC completes first application on ATB conversion Ohio headquartered manufacturer Advanced Polymer Coatings (APC) has completed the first ever application of its MarineLINE coating system on a Jones Act vessel in a U.S. yard. The project was the first
Matson marks two milestones in $1BN fleet renewal program Honolulu-headquartered Matson, Inc. (NYSE: MATX) has marked two milestones in its fleet renewal program at Hanwha Philly Shipyard: the start of hull assembly on the second of three new LNG-fueled Aloha Class
Konecranes wins overhead crane order for PT Tata Metal facility in Indonesia Konecranes has secured an order to supply nine overhead cranes to PT Tata Metal Lestari for its facility in Sadang, West Java. The order was placed in February 2026, with deliveries and installation scheduled for the third quarter of 2026. Cranes to support production and warehouse operations The order includes: Two 30-ton Konecranes CXT overhead cranes One 16-ton CXT overhead crane One 12-ton CX
Freightos Weekly Update: Asia-Europe container rates slide, transpac more buoyant A newly-launched US operation to facilitate vessel transits out of the Gulf is leading to increased tension and some renewal of fighting in the Middle East. US support, including by navy vessels, succeeded in getting two US-flagged ships through the Strait of Hormuz early this week, but Iranian attacks on both the commercial and naval vessels, the US response which sank several Iranian boats, and
FedEx and ServiceNow expand AI partnership for supply chain automation FedEx and ServiceNow have expanded their strategic collaboration to develop new AI-powered supply chain and procurement solutions aimed at improving visibility, workflow automation, and disruption management across global logistics networks. Announced during ServiceNow's Knowledge 2026 event in Las Vegas, the partnership integrates logistics intelligence from FedEx Dataworks directly into Service
Greek merchant fleet shows growth in vessel numbers Hellenic Statistical Authority ( ELSTAT ) reported that the Greek merchant fleet (vessels of 100 gross tonnage and above) totalled 1,870 ships in February 2026, compared with 1,836 in February 2025 and 1,820 in February 2024. Total gross tonnage reached 35,015,863 GT in February 2026, against 35,617,513 GT a year earlier and 36,405,176 GT in February 2024. By vessel category, cargo ships stood at
Kongsberg Maritime reports strong Q1 2026 Kongsberg Maritime reported solid first-quarter 2026 results in its first earnings release as an independent publicly listed company following its separation from KONGSBERG in April. Strong order intake and backlog The company reported: Order intake of NOK 7.5 billion Revenue of NOK 6.6 billion EBITDA of NOK 893 million EBITDA margin of 13.4% Order backlog of NOK 27.9 billion Kongsberg Maritime a
Cargo vessel sinks in Aegean Sea A cargo vessel carrying approximately 8,000 metric tonnes of soda, sank in the Aegean Sea after running aground in a rocky area north of Andros, according to local sources. The vessel was sailing from Albania to Ukraine when it reportedly suffered severe damage after striking rocks, leading to its eventual sinking. A total of nine crew members were on board, including eight Turkish nationals and
Matson reaches new milestones in vessel construction program Matson Inc. has marked two new milestones in its fleet renewal programme with the start of hull assembly for the second of its three LNG-powered Aloha Class containerships and the beginning of construction work on the third vessel. The developments took place at Hanwha Philly Shipyard in Pennsylvania, where a ceremony was held to mark the dock mounting of the first grand block assembly for the se
Eimskip reports Q1 2026 financial results Eimskip reported revenue of EUR 191.7 million for the first quarter of 2026, compared with EUR 201.3 million in the same period last year. The company said business performance varied across segments during what it described as a challenging quarter, although it also pointed to early signs of operational improvement. Volume in Eimskip's sailing system declined by 4.5% during the quarter, while re
How CMA CGM and the UAE are turning IMEC into operational reality Beneath the diplomatic architecture of the India-Middle East-Europe Corridor, a French carrier and an Abu Dhabi port giant are quietly building the commercial infrastructure that could make it function terminal by terminal, rail link by rail link, shipyard order by shipyard order
US and Iran near memorandum on Strait of Hormuz The United States and Iran are reportedly close to reaching a preliminary memorandum of understanding aimed at ending the conflict in the region and establishing a framework for broader nuclear negotiations, according to Axios , as reported by Al Arabiya . The report, citing US officials and sources familiar with the discussions, said Washington expects Tehran to respond within the next 48 hours
DP World announces export service fee at UK ports DP World has announced the introduction of an Export Service Fee (ESF) at its London Gateway and Southampton terminals in the UK. The new charge will take effect from July 1, 2026, and will apply to all export laden containers handled at both ports. Under the revised schedule, the Export Service Fee has been set at GBP 5.00 per container for exports moving through London Gateway and Port of South
Rival takeover bid disrupts ZIM's planned merger with Hapag-Lloyd A high-stakes corporate battle has erupted over the future of Israel's national shipping carrier, ZIM Integrated Shipping Services . Just days after ZIM shareholders voted overwhelmingly to approve a $4.2 billion merger with German giant Hapag-Lloyd , a rival Israeli investment group has submitted a superior counter-offer. Zim shareholders approve $4.2 billion sale to Hapag-Lloyd The $4.5 Billion
CMA CGM container ship hit in Strait of Hormuz, crew injured CMA CGM said one of its container ships was attacked while transiting the Strait of Hormuz , injuring crew members and damaging the vessel amid escalating maritime tensions linked to the Middle East conflict. According to Reuters, the vessel involved was the CMA CGM San Antonio, which the company said was targeted on Tuesday while navigating the strategic waterway. CMA CGM confirmed that injured
Hai An takes delivery of container vessel GREEN TIME Hai An Green Shipping Lines has officially taken delivery of the container vessel M/V GREEN TIME, further expanding its fleet capacity and strengthening its long-term fleet development strategy. The delivery and acceptance protocol for the vessel, formerly named M/V Hammonia Baltica, was signed on May 5, 2026, between representatives of Hai An Green Shipping Lines and German partner MS BALTICA OS
Explainer: The decade that bent the map Global seaborne trade now travels 10% farther than it did in 2020. Behind that number lies six years of compounding geopolitical failure and a shipping industry paid handsomely to go the long way round
Trump pauses Strait of Hormuz escort operation amid Iran deal push U.S. President Donald Trump said the United States is pausing its naval escort mission in the Strait of Hormuz as part of efforts to reach an agreement with Iran to end the ongoing Middle East conflict, according to Al Arabiya English . "Project Freedom" temporarily halted Trump announced on Truth Social that the U.S. would suspend "Project Freedom," the military operation launched earlier this w
Savino Del Bene acquires three Spanish Companies from Grupo Marítima Sureste Italian logistics group Savino Del Bene has strengthened its Iberian footprint through the acquisition of three companies from Grupo Marítima Sureste, all based in the Murcia-Almeria-Algeciras corridor of southern Spain. The deal covers Marítima Sureste Shipping, a freight forwarding company operating from a main logistics hub of over 50,000 square metres in El Estrecho, with more than 10,000 squ
AD Ports, CMA CGM expand inland logistics network across UAE AD Ports Group has signed a Memorandum of Understanding (MoU) with CMA CGM Group and CMA Terminals Khalifa Port to expand inland logistics connectivity and strengthen cargo flows across the UAE and the wider region. Extending reach beyond the port The agreement focuses on integrating maritime and inland logistics by leveraging AD Ports' rail-linked intermodal network , including: Inland container
Pepco expands DHL partnership to boost European distribution network Pepco Group has expanded its strategic partnership with DHL Supply Chain to strengthen distribution reliability, delivery speed, and supply chain scalability across Europe . DHL takes over five key distribution centers Under the expanded agreement, DHL Supply Chain will manage five major Pepco distribution hubs across Central and Eastern Europe: Sosnowiec and Rawa Mazowiecka (Poland) Gyál (Hungar
Rhenus expands road freight network in Asia-Pacific amid rising demand Rhenus Group is accelerating its road freight expansion across Asia-Pacific , targeting growing demand for fast, flexible, and resilient inland transport solutions in the region. Expansion focused on cross-border trucking The company is strengthening: Southeast Asia cross-border trucking networks Key corridors between Greater China and Southeast Asia Integration of road freight with air and ocean
Port of Brunswick the busiest auto terminal The Port of Brunswick has maintained its position as the busiest automobile port in the United States for the second year running, handling 779,000 vehicle units and more than 53,000 units of heavy machinery in 2025, with 731 ship calls recorded during the calendar year. The result was announced at the Georgia International Trade Conference, where state and port officials outlined an ambitious in
Port of Oakland retains strong credit ratings from Standard and Poor's Standard and Poor's Global Ratings has reaffirmed its credit ratings for the Port of Oakland, assigning an A+ rating to senior-lien bonds and an A rating to intermediate-lien bonds, both with a stable outlook. The ratings reflect the port's diversified revenue base, disciplined financial management and consistent operational performance across its business lines. S&P highlighted the port's varied
Global Maritime Forum refreshes board with ING, Navigator executives The Global Maritime Forum has reshaped its board, bringing in fresh voices from shipping and finance while long-serving members step down after reaching term limits. Stephen Fewster, global lead for shipping finance at ING Bank, and Mads Peter Zacho, chief executive of Navigator Holdings, have been appointed as new board members. The changes come as ...
Stainless Tankers reshuffles top management Oslo-listed Stainless Tankers is reshaping its leadership, with a change at both board and executive level as the Tufton-backed owner prepares for its next phase. Chairman Ted Kalborg will step down from the board, with the company proposing that current chief executive Andrew Hampson takes over the role, subject to shareholder approval at the upcoming ...
OOCL challenges FMC court system after $45m ruling Orient Overseas Container Line (OOCL) has launched a legal challenge against the Federal Maritime Commission, arguing the regulator's in-house adjudication process is unconstitutional following a $45m ruling against the liner operator. In a filing submitted to a federal court in Texas on Tuesday, OOCL asked the court to halt ongoing FMC administrative proceedings and vacate ...
GMS breaks into Africa and Latin America with twin contract wins UAE-based offshore support vessel owner Gulf Marine Services has secured two contracts that take it into Africa and Latin America for the first time, while also opening up a new line of business in third-party vessel management. The London-listed company said one of the awards covers the deployment of a newly acquired liftboat on a ...
DOF locks in $2bn Petrobras deal for four newbuild vessels Norwegian offshore vessel owner DOF has secured a major long-term win in Brazil, landing 12-year charter and services contracts for four newbuild ROV support vessels tied to deepwater work for Petrobras. The contracts, awarded after a competitive tender process, will see the vessels deployed on subsea inspection, maintenance and repair (IMR) campaigns, with operations expected ...
Bunker supplier TFG Marine links financing to digital delivery records TFG Marine, Trafigura's bunker fuel supply business with John Fredriksen's Frontline and Alex Saverys-led CMB.TECH has secured a working capital facility of up to $300m from DBS Bank, boosting liquidity as it scales up operations and pushes further into digitalised fuel supply. The financing is aimed at supporting day-to-day trading activity and bunker deliveries, with ...
Hormuz toll authority goes live The Trump administration's Project Freedom operation to guide stranded vessels out of the Persian Gulf through the Strait of Hormuz has been suspended after just two days, as Iran pressed ahead with attacks on commercial shipping and unveiled a formal toll collection authority for the waterway. President Donald Trump announced on Tuesday evening that the ...
Prokopiou family-linked Beacon Tankers emerges with suezmax newbuild play at Hengli The Prokopiou family is stepping further into the tanker market with the launch of a new company that has wasted little time securing its first newbuilding slots in China. New entrant Beacon Tankers Management has signed for two firm 158,000 dwt suezmax tankers at Hengli Heavy Industries, with options for two more vessels. Details around ...
German owner Oltmann revealed behind quartet of 10,010 teu newbuildings at HJSC Bremen-based D. Oltmann Reederei has been identified as the European owner behind four 10,010 teu container ship orders placed at Korea's HJ Shipbuilding and Construction, according to Alphaliner. The low-profile German non-operating owner placed the orders in two pairs, in February and April respectively, with all four vessels scheduled for delivery in 2028 at two-monthly ...
Rheinmetall confirms it is working with MSC to take over Romania's largest shipyard German automotive and arms manufacturer Rheinmetall has revealed it is working with Mediterranean Shipping Co (MSC) to take over the bankrupt Romanian shipyard Mangalia. The two companies are looking at using the yard - one of Europe's largest - for both military and commercial shipbuilding. Rheinmetall recently acquired the shipyards belonging to the Lürssen Group, ...
Japanese owners cash in as aframax prices hit record highs Nissen Kaiun is capitalising on surging tanker asset values, offloading modern eco aframaxes at levels rarely seen before. The most talked-about sale in this weekend's broker reports has been the 2018 Tsuneishi-built Pusaka Borneo, a 109,000 dwt, scrubber-fitted vessel. VesselsValue notes the ship fetched $76.5m in the end - the highest price ever recorded for ...
Ship recycling's ambition problem Defending today's demolition model may be pragmatic, but it risks locking the industry into a compromise it was never meant to keep, argues Captain Soumitro Roy from the Elegant Exit Company. Dr Anand Hiremath is right about one thing: South Asia has ship recycling capacity, and it is improving. But capacity is not the same as ...
Hormuz crisis slashes VLCC volumes by 36% but voyages are longer Financial markets are being driven by rumours of peace plans. VLCC freight markets are being driven by physical realities: the...
P&I club profitability will improve despite Hormuz exposure, says Standard & Poor's Ratings agency believes insurance industry outlook remains solid for immediate future
China's blocking order leaves shipping, oil and banking compliance teams navigating 'Odyssean dilemma' With the Middle East crisis tightening the sanctions noose on Iran's oil buyers, China fires back by activating its own...
Norden reports mixed first quarter as Middle East weighs on bulkers Norden warns prolonged Middle East disruption could eventually weigh on tanker rates as supply adjusts and reduced oil availability dampens...
Iran pushes ahead with Hormuz toll 'authority' amid reports of US-Iran deal Iran has created a new Persian Gulf Strait Authority to approve ship transits and collect tolls in the Strait of...
Vehicle shipping demand holds firm despite rising costs and geopolitics, says Wallenius Wilhelmsen Middle East volumes provide no more than 3% of revenue for Wallenius Wilhelmsen, but a sharp hit is expected from...
Tankers hit by issues after bunkering shale-blended fuel in Singapore amid Hormuz price surge The crisis in Hormuz has forced bunker fuel sellers to blend bunkers with other components to mitigate rising costs. Shipowners...
The Daily View: Rhetoric vs reality
Middle East port update: Wednesday, May 6 In Oman, Qalhat LNG terminal, Sur and Mina al Fahal, Muscat: ISPS Level 2. All other ports: ISPS Level 1
Project Freedom paused as shipping industry left guessing Trump pauses Project Freedom one day after launch, leaving Hormuz's reopening in limbo as passage rights become Tehran's bargaining chip
Daily Briefing Shipping unconvinced by US 'Project Freedom' as Hormuz remains closed | Atlantic basin product tanker rates still lofty but falling...
VPA veteran McCoy tapped as CEO of Port of Virginia Sarah McCoy, who recently led the renegotiation of the lease for the Virginia International Gateway terminal, will lead the sixth-largest port in the US by volume.
Tacoma ILWU local attempting to block Husky technology effort Local 23 says marine clerk jobs will be eliminated if Husky Terminal uses container-tracking technology within the terminal yard, despite the fact its use has been widespread at West Coast terminals for decades without jobs being lost.
US onshore wind halt deals latest blow for project cargo The crackdown on more than 150 onshore wind farms marks the latest push by the Trump administration to dismantle the US wind industry.
Amazon's 3PL foray: marketing ploy or existential threat to 3PLs? Logistics and transportation veterans decried Amazon's announcement this week that it is offering bundled supply chain services as merely a repackaging of current capabilities; others weren't as quick to dismiss it.
Indian westbound rates under pressure amid demand uncertainty, overcapacity Rates to the US East Coast and Europe are down by as much as $500 per FEU in recent weeks as ocean carriers look to lift volumes that softened in April.
Ongoing Hormuz closure could expand bunker wait times globally: analyst The 14-day lead time now in place at Asian hubs would become a "global standard" for vessels seeking bunker fuel should the key waterway remain closed for another month, says S&P Global's Fotios Katsoulas.
Odfjell earnings fall lower than expectation, four ships remain bottled in Gulf Chemical tanker owner and operator says conflict has increased ballasting and costs
Middle East crisis set to lift Navigator Gas profits New York-listed company had no ships in the Middle East Gulf during the first quarter of 2026
'We can act': Trump's FMC chair threatens to create penalties for Net-Zero Framework tax Section 19 of Jones Act empowers sanctions and other penalties
Oil markets celebrate US-Iran peace possibilities, but tanker markets fail to respond Tankers are trending down short-term and even a fast peace process still leaves lag time for vessels
Gunvor signs up for long-term LNG from Delfin Midstream's US FLNG project But final investment decision on development still awaited
CMB.Tech linked to sale of suezmax tanker at firm price Brokers suggest company's string of disposals has continued with deal for 2011-built vessel
Norden boss fears prolonged Strait of Hormuz disruption Danish bulker and tanker owner-operator has seven chartered vessels inside Persian Gulf
Indonesia says it won't block Iranian VLCCs from sailing through Lombok Strait VLCC pair, the Huge and Derya, have completed the transit, making them the first Iranian tankers to arrive in Asia since 24 April
Weaker domestic trade sees Matson quarterly profit fall by one-fifth Impact of Iran war on recovery of fuel costs to be felt in second quarter, CEO says
Adnoc slips second laden LNG carrier through Strait of Hormuz Abu Dhabi producer's veteran vessel turns up off Indonesia
Baltic capesize index roars past 5,000 points as Atlantic sets the tone Strength of key benchmark shows structural 'morphing' in market, according to brokers
Weaker domestic trade sees Matson quarterly profit fall by a fifth Impact of Iran war on recovery of fuel costs to be felt in second quarter, says CEO
Teekay Tankers lining up big price for 17-year-old suezmax Canadian owner said to have agreed to an offload deal for another older ship
Trafigura, Frontline and CMB.Tech secure $300m to help digitalise bunker trading TFG Marine venture taps DBS Bank to boost working capital for new project
Why fewer 'fortune hunters' are likely to emerge in the Middle East container market Higher costs and strategic concerns will leave the Middle East container market dominated by fewer, stronger players
Exmar newbuilding bunkered with green ammonia for gas trials Clean fuel produced in Inner Mongolia delivered to South Korea for first-of-its-kind operation
I went to a dry cargo conference and end up talking about fuel the whole time Dry cargo shipping is grappling with an ever-riskier commercial environment, as the Geneva Dry conference heard
Charterers swoop on Capital and TMS Cardiff Gas LNG newbuildings Multi-month fixtures surge as market uncertainty rolls on and Asia starts to draw in cargoes
XPress Feeders signs deal to secure bio-methanol supply for dual-fuelled vessels Contract with clean energy producer PuriFire Energy helps plug a key concern for shipowners
Duty-free tycoon lodges higher bid for container line Zim Hapag-Lloyd and FIMI said to have a binding deal in place for $300m less than Haim Sakal-led proposal
New Procopiou family venture places debut tanker newbuilding order Eliza Procopiou and Nicolas Chrissakis are said to be behind Beacon Tankers Management
Maersk profit guidance in spotlight amid Middle East disruptions DNB and Fearnleys have sell ratings ahead of tomorrow's earnings report
Stainless Tankers rejigs management as part of Tufton succession plan Chemical tanker owner brings in Nicolas Tirogalas as CEO
MSC and Rheinmetall team up to bid for bankrupt Romanian shipyard Plan is to develop Mangalia shipyard into a 'major European hub for shipbuilding'
Iran launches 'Persian Gulf Strait Authority' to collect vessel tolls New mechanism aims to govern transits through Strait of Hormuz
China presses Iran on Strait of Hormuz reopening as Beijing slams 'illegal war' Beijing says global concern over safe navigation through strategic waterway is growing
Swedish Club plots US growth after banking record results Gothenburg-based insurer reports best-ever annual figures led by strong investment returns
CMA CGM ship hit off Iran as Trump stops 'Project Freedom' Injured seafarers are evacuated from the 2,824-teu San Antonio (built 2005) after a suspected missile hit
Wallenius Wilhelmsen cuts profit guidance as bunker and charter-in costs hit profit Stock drops in Oslo as first quarter report misses expectations
Turkish ship sinks after hitting rocks close to Greek Aegean island Measures underway to prevent possible pollution from 44-year-old vessel
Scorpio Tankers ship revealed as second US-flagged vessel to exit Hormuz CS Anthem is operated by Crowley in US government programme
John Fredriksen-backed DOF seals $2bn Petrobras newbuilding and charter deal Norwegian owner finds work for four new support ships in Brazil
Norden profit falls as Iran war drags down bulker business Near-term outlook remains highly uncertain, CEO says
'French' vessel hit off Iran as Trump stops 'Project Freedom' CMA CGM ship named as the victim in the latest Strait of Hormuz incident
Kongsberg Maritime charts Iran war impact on operations Maritime supplier tips continued newbuilding growth
DHT nails down huge term rates for two VLCCs as profit more than trebles US-listed tanker owner says end-users seeking to secure ship capacity
Norwegian credit fund buys SFL bonds in shipping bet Borea Hoyrente also holds Navios Maritime Partners and Ocean Yield
Bulker auction bonanza ahead as CDB Financial Leasing offloads four ultramaxes But the leasing house wants potential suitors to buy the ships in pairs
Indonesia says it won't block Iranian VLCCs from sailing through Lombok Strait VLCC pair, the Huge and Derya, have completed the transit, making them the first Iranian tankers to arrive in Asia since 24 April
Sincere Navigation dives into the MR tanker sector with South Korean vessel buy Taiwanese company has bought the ship from SK Shipping for less than its current market value as estimated by brokers
Trump pauses 'tremendous military success' Hormuz escort amid Iran deal talks US keeps Iranian ports blockade while suspending temporary shipping guidance mission
OSG chief executive says Jones Act waivers chip away at cabotage 'ecosystem' with no benefit to consumers Sam Norton argues foreign competitors gain unfair advantage
Why seafarers are now the frontline against marine pollution Eyesea grows from plastic mapper to full ocean pollution tracker
American Steel: The alliance builders who sparked Washington's China port fees are now turning to Congress In this week's newsletter, we talk to the head of the new USA Shipbuilding Coalition as the group launches an advertising campaign to take its message to the American people. We also explore a Pacific Carriers tanker movement that would have required the Jones Act before Trump's waiver of the cabotage law, Washington's position at the International Maritime Organization decarbonisation discussions
Request to block non-domiciled CDL rule denied; case heads to court A request by two separate plaintiffs for a court to stay the enforcement of the federal government's rule governing issuance of CDLs to most non-domiciled drivers has been denied. The request came from two separate groups of plaintiffs. One is Martin Luther King County in Washington state, more colloquially known as King County, home of Seattle. That was filed in March in the U.S. Court of Appeal
DHL distances itself from historic Deutsche Post name DHL shareholders on Tuesday approved a proposal to discard the company's legacy legal name, Deutsche Post, and a corporate restructuring of the Post & Parcel Germany unit, which will be rebranded as Deutsche Post AG. Deutsche Post acquired U.S. logistics company DHL ( XETRA: DHL ) in 2002 after the German postal operator, previously known as Bundepost, was gradually privatized during the 1990s. T
McLane and Aurora launch autonomous hauls in Texas as Volvo route reaches Oklahoma City Aurora Innovation and McLane Company announced Wednesday that they have moved from supervised pilot runs to fully driverless commercial hauls on Texas highways. The move follows a three-year pilot that logged over 280,000 autonomous miles and delivered 1,400 loads with 100 percent on-time performance. It also positions one of the nation's largest private fleets to reshape how perishable food reac
Trimble sees freight recovery signs as AI tools fuel Q1 beat Trimble Inc. reported stronger-than-expected first-quarter earnings Wednesday, fueled by double-digit revenue growth, expanding margins and continued momentum in its transportation and construction software businesses. The software and industrial tech giant posted first-quarter revenue of $939.9 million, up 12% year over year, while adjusted earnings per share came in at 79 cents. Adjusted EBITDA
After a long gap, Uber Freight's revenue turns higher from year earlier Uber Freight reported its financial performance on the basis of operating income rather than EBITDA for the first time, but the negative numbers came as revenue turned up after a long stretch of lower numbers. The operating loss for the first quarter at the company known primarily as a digital broker was $30 million. While this quarter was the first time where Uber's three segments-Mobility, Deli
U.S. rail freight stronger across the board Freight traffic on U.S. railroads posted a breakout week, the Association of American Railroads reported, as intermodal joined a rally to stay ahead of year-ago levels. Total traffic for the week ending May 2 was 518,773 carloads and intermodal units, better by 3.9% compared to the same week in 2025. Commodities came to 235,049 carloads, up 4%, while intermodal volume was 283,724 containers and t
Lineage says cold storage market working through oversupply Lineage executives said Wednesday that the temperature-controlled warehouse market is stabilizing after experiencing an oversupply prompted by the pandemic. The Novi, Michigan-based company said its customers' food inventories have returned to more normal, albeit leaner, levels. Lineage ( NASDAQ: LINE ) reported a net loss of $51 million for the first quarter on Wednesday before the market opened
GXO raises 2026 outlook, dismisses Amazon logistics threat GXO Logistics reported stronger-than-expected first-quarter earnings Tuesday, driven by growth in aerospace, defense and technology logistics contracts, while executives pushed back against concerns that Amazon's newly expanded supply chain services could threaten the company's business model. The contract logistics provider reported first-quarter revenue of $3.3 billion, up 10.8% year over year,
New Georgia inland port poised to take 26,000 truckloads off the road The Georgia Ports Authority has officially opened an inland rail hub it estimates will take 26,000 truckloads of freight off highways annually. The Gainesville Inland Port opened May 4, with direct rail service provided by Norfolk Southern (NYSE: NSC) five days a week between northeast Georgia and the Port of Savannah. The authority in a release said that the new service gives shippers an alterna
Fleet Safety Starts in the C-Suite "Fleet managers are operating in one of the most complex environments in recent memory," said Josh Lovan, Industry Business Advisor at J. J. Keller & Associates, Inc . "Regulation changes, driver shortages, rising equipment costs, and accelerating technology adoption are becoming increasingly challenging to deal with." The data from the company's sixth annual State of Fleet Management study backs
Amazon partner Sun Country Airlines prepares to deploy 2 new cargo jets Amazon will have two additional cargo jets at its disposal in the United States this summer to move packages within its e-commerce logistics network and carry general cargo for non-Amazon sellers. Sun Country Airlines expects to begin operating two Boeing 737-800 converted freighters on Amazon's ( NASDAQ: AMZN ) behalf by the end of June, the company said in its first-quarter earnings report on F
FedEx wins war waiver for Dubai cargo route The U.S. Department of Transportation on Tuesday approved FedEx Corp.'s request to bypass a mandatory stop in Dubai under its existing authority to operate aircraft between Hong Kong and Paris because of the operational difficulties posed by hostilities in the Persian Gulf. FedEx ( NYSE: FDX ) has not operated the Hong Kong flight to Dubai in 75 days and is coming up on a 90-day inactivity deadli
Billions in tariff refunds begin flowing as CAPE portal launches The rollout of the U.S. Customs and Border Protection's (CBP) new tariff refund portal is off to a strong start, but a clear divide is emerging between importers ready to file and those still scrambling to prepare. The Consolidated Administration and Processing of Entries (CAPE) tool, launched April 20 within CBP's Automated Commercial Environment (ACE), allows importers to submit consolidated re
The Columbus corridor of Medicaid millionaires and chameleon carriers Luke Rosiak at The Daily Wire recently published an investigation he called "Medicaid Millionaires." Ohio spent a billion dollars in 2024 paying people to go to other people's homes and provide what the program calls personal services. Cooking. Cleaning. Companionship and conversation. The workers do not need healthcare credentials. Many are relatives of the person they are visiting. The services
CMA CGM container ship hit by missile in Strait of Hormuz The United States paused naval escorts of merchant ships in the Strait of Hormuz Tuesday after a missile attack on a container ship resulted in injuries to crew. Reports said that the 2,800-TEU CMA CGM San Antonio had switched off its identification system prior to commencing transit from Dubai. Marseilles-based CMA CGM in a statement confirmed the attack. It said injured crew were evacuated and
ORBCOMM pulls in new financing, replaces all publicly-traded debt ORBCOMM, a leading provider of ELDs and visibility solutions, has made a change in its capital structure again. As a result of the restructuring, S&P Global Ratings has withdrawn its ratings on ORBCOMM. S&P had a B- rating on ORBCOMM and a negative outlook at the time of the withdrawal. B- is six notches below the cutoff between investment grade and non-investment grade debt at S&P Global Ratings
Panama container terminal bidding stacked against U.S. companies: Source Panama may have seized control of container terminals from a longtime Chinese operator, but U.S. companies hoping to win those contracts have the deck stacked against them, a source told FreightWaves. Panama's Supreme Court earlier this year capped a protracted legal battle when it declared contracts with CK Hutchison unconstitutional, invalidating the Hong Kong company's concessions to run termi
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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