MacGregor lands subsea crane deal for new floating wind vessel Helsinki-based MacGregor has been selected to supply a substantial 400-tonne Active Heave Compensated (AHC) subsea crane for a new 127-meter (416.7-foot) Floating Wind Farm Construction Vessel. Purpose-built for the burgeoning floating offshore
Oceania Cruises marks keel laying for Oceania Sonata Miami, Fla.-based Oceania Cruises, a culinary- and destination-focused luxury cruise line, has celebrated a pivotal milestone in the construction of its next-generation ship, Oceania Sonata, as the keel of the ship was laid
Unified command formed after barge grounding off San Juan Harbor The U.S. Coast Guard, the Puerto Rico Department of Natural and Environmental Resources, and the barge's owner have established a unified command to coordinate the response to a barge grounded outside San
Saltchuk to acquire GLDD in $1.5 billion all-cash transaction Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) says that it and privately-owned Saltchuk Resources, Inc. have reached a definitive agreement for Saltchuk to acquire Great Lakes at an aggregate equity value
Blue Water Autonomy set to start construction of new Liberty Class at Conrad Shipyard Boston, Mass-based Blue Water Autonomy, has unveiled details of its first vessel, the Liberty Class,a 190-foot steel-hulled autonomous ship with a range of over 10,000 nautical miles and over 150 metric tons
USCG awards Davie Defense contract to build five ASC polar icebreakers Davie Defense has been awarded a United States Coast Guard contract to build five Arctic Security Cutters (ASCs). Two of the polar icebreakers will be constructed in Finland at Davie Defense's sister
Kongsberg Maritime launches new S-4L waterjet with landmark Horizon X contract The first commercial installation of Kongsberg Maritime's new Kamewa S-4L waterjet series will be in the next-generation high-speed ferry Horizon X. The multi-fuel vessel, which started construction at Austal Philippines on Feb.9
CMA CGM updates FAK rates from Indian Subcontinent CMA CGM has announced new Freight All Kinds (FAK) rates for dry cargo shipments from the Indian Subcontinent and the Middle East Gulf to North Europe, the Mediterranean, and North Africa. The revised rates will take effect on 1 March 2026 and remain valid until further notice. For shipments originating from North West India, the new rates are set at USD 2,700 per 20-foot container and USD 2,700 p
PSA Halifax expands global reach with launch of CMA CGM INDAMEX service PSA Halifax has welcomed the CMA CGM Cypress on its maiden call at the PSA Halifax Atlantic Hub, marking the launch of the new INDAMEX service and expanding direct trade connectivity between the Indian Subcontinent and Canada. The INDAMEX service links key ports in South Asia and the Middle East with Canada's East Coast, including Nhava Sheva, Mundra, Colombo, Port Qasim, and Jeddah . The new loo
Port of NY-NJ ends 2025 as second-busiest for loaded containers The Port of New York and New Jersey finished 2025 as the second-busiest U.S. port for loaded containers. Total container volume for the year reached 8.9 million TEUs. Imports and overall volumes remained broadly stable, while exports and rail traffic increased. In December, total volume fell 5.2% year-on-year to 652,471 TEUs. Imports declined 5.4% to 329,914 TEUs, while exports dropped 6.3% to 10
Port of Mackay to launch first container depot Container trade in Central Queensland is set to expand with the construction of a new container depot at the Port of Mackay. North Queensland Bulk Ports Corporation (NQBP) has started work on a multi-million-dollar facility that will enable regular containerised imports and exports directly through Mackay for the first time. The 1.3-hectare depot will support regional exporters and importers. It
Synergy Marine takes over Yang Ming LNG newbuilds Synergy Marine Group has assumed technical management of YM WILLPOWER and YM WORTHINESS , two newly delivered LNG dual-fuel container vessels owned by Yang Ming Marine Transport Corporation. The sister vessels were delivered from Hyundai Heavy Industries in Ulsan, South Korea, and formally named on 4 February. Each vessel has a capacity of around 15,500 TEU and forms part of Yang Ming's long-term
Chittagong Port launches "Port Single Window" for paperless and smart port management system Aiming for a definitive shift towards a paperless and smart port management system, the Chittagong Port Authority (CPA) launched the "Port Single Window" on Tuesday. While the CPA previously utilised various digital tools, they operated without interconnectivity. The new unified platform bridges these gaps with single sign-on, real-time monitoring, live tracking of ships, streamlined clearance, d
HMM maintains solid profitability in 2025 despite market weakness HMM reported stable earnings in 2025, despite a sharp decline in global freight rates and weaker market conditions. The company posted revenue of KRW 10.9 trillion, operating profit of KRW 1.46 trillion, and net profit of KRW 1.88 trillion for the year. The operating margin stood at 13.4%, reflecting solid profitability in a challenging environment. Freight markets remained under pressure through
CMA CGM updates FAK rates from Indian Subcontinent to Latin America CMA CGM has announced new Freight All Kinds (FAK) rates for shipments from the Indian Subcontinent to Latin America. The new rates apply from February 25, 2026, based on gate-in dates at origin ports. The rates cover dry and hazardous cargo. They apply to Central America and the West Coast of South America. Rates to Buenaventura, San Antonio, Callao and Guayaquil are set at USD 2,200 per 20-foot
Freightos: Transpacific rates slide as carrier revenue falls The transpacific container market is firmly post the pre-Lunar New Year rush this year, with reports that demand increase that did materialize was muted. And while ocean rates typically ease as the holiday approaches, they normally remain elevated relative to levels before the rush until after the post-holiday backlog is cleared. This year, however, Asia - US West Coast rates that slipped more th
Mibau-Stema opens new Amsterdam Terminal Mibau-Stema Nederland will open a second terminal at the Port of Amsterdam, strengthening its position in the Dutch aggregates market. The company developed the site in cooperation with the Port of Amsterdam. The new terminal is located in Afrikahaven and covers around 50,000 square metres. It is expected to become operational in late Q2 or early Q3 2026. The terminal includes a newly built quay
DH Shipbuilding secures KRW 1.02 trillion in orders within two months DH Shipbuilding has recorded a strong start to the year, securing a series of Suezmax crude oil tanker orders that have rapidly lifted its order intake. On 6 February, the company confirmed additional contracts for two Suezmax-class crude oil tankers from a Marshall Islands-based shipowner. The latest deal follows earlier contracts for four vessels in mid-January and two more in late January, bri
America's ports are bracing for impact The first half of 2026 is shaping up to be one of the most turbulent periods in recent shipping history and the worst may not yet have arrived
Syrian maritime sector steps to cautious reemergence Syria's maritime shipping sector enters 2026 from a position of near-total marginalization
Port of Liverpool receives record ADM Shipment The Port of Liverpool has received its largest-ever shipment from ADM, highlighting the port's growing bulk-handling capabilities and its role in supporting the UK's food and feed supply chains. The vessel, arriving from New Orleans, USA, measured 229 metres and carried more than 67,000 metric tonnes of cargo, the biggest ADM consignment ever handled at the port. The shipment included a mix of ag
Capital orders 11 VLCCs in China Greek shipowner Evangelos Marinakis is stepping up his tanker expansion, with Capital Maritime and Trading signing contracts for 11 VLCC newbuildings at China's Hengli Heavy Industry. The order forms part of a wider package disclosed by Songfa Ceramics, the parent company of the Dalian-based shipbuilder, covering 15 VLCCs of 306,000 dwt. The total contract value ...
Fednav returns to Oshima for new handysize series Canadian dry bulk owner and operator Fednav is heading back to Japan for a new series of handysize bulkers, marking its latest move in the newbuilding market. The Montreal-based company has signed a letter of intent with Oshima Shipbuilding for four 35,000 dwt lakers, with deliveries scheduled by mid-2029. President and chief executive Paul Pathy ...
Euroseas extends feeder charter at higher rate Nasdaq-listed Euroseas has secured a new time charter for one of its feeder containerships, locking in a higher rate in what it describes as a firm feeder market. The 2007-built 1,740 teu EM Spetses has been fixed for a minimum of 22 months and up to 24 months at the charterer's option, at a gross ...
Jinhui adds to ultramax orderbook with New Dayang brace Jinhui Shipping and Transportation is adding further depth to its ultramax newbuilding programme, booking two more bulk carriers in China as part of an ongoing fleet renewal drive. The Oslo-listed, Hong Kong-based owner said two wholly owned subsidiaries have signed shipbuilding contracts with Sumec Marine and its yard, New Dayang Shipbuilding, for two 64,100 dwt ...
Transocean adds $184m backlog through two semisub extensions Swiss-based offshore drilling giant Transocean has secured new deals for two of its harsh-environment semisubmersibles in Norway. The offshore driller said that the 2015-built Transocean Encourage was awarded a seven-well contract extension. The rig is currently working for an undisclosed operator in Norway. The contract is supposed to end in January 2027 on a $455,000 ...
Cubic LNG containment moves closer to commercial rollout British class society Lloyd's Register has handed approval in principle (AiP) to French gas containment specialist GTT for its new CUBIQ LNG fuel containment system, a cubic tank design aimed at widening the use of membrane tanks in LNG-fuelled vessels. The approval clears an early regulatory hurdle and could open the door for broader adoption ...
Marcura: 'You need to connect the dots faster than ever before' Henrik Hyldahn, group CEO of Marcura, one of shipping's top digital solutions providers, has some candid advice for those in the ship tech space, discussing with Maritime CEO in this week's big interview what it takes to be a winner in this hugely competitive arena. The conversation around digitalisation has matured, Hyldahn says. "What's changed ...
Tufton Assets backs bulker call with $33m handysize double London-listed Tufton Assets has followed through on its bullish stance on dry bulk, agreeing to acquire two Japanese-built handysize bulkers in a $33m en-bloc deal. The vessels, described as high-specification eco-design ships, are being bought at around 85% of depreciated replacement cost, according to the company. The move comes just weeks after the Tufton Group-controlled ...
Navios and Monte Nero book VLCCs in fresh China orders Greek owners Navios and Monte Nero have moved to secure VLCC newbuildings in China, adding fresh momentum to an already busy ordering cycle dominated by Greek interests. Navios has lined up four 310,000 dwt crude carriers at Wuhu Shipyard for delivery in 2028. Market sources put the price at between $118m and $120m per vessel. ...
Shadow fleet reflagging to Russia surges Windward, a maritime analytics firm that tracks the sprawling shadow fleet, is predicting at least 120 falsely flagged, sanctioned tankers are likely to reflag to Russia's registry in the coming months, as Western interdictions of stateless shadow fleet vessels accelerates a structural shift in Russia's oil export logistics. All ships identified by Windward fit the ...
Aquaterra lands well intervention and abandonment campaign off Spain UK-based Aquaterra Energy has won a multi-year contract with a global offshore services company for well intervention and abandonment activities. The 11-well intervention and abandonment campaign will be executed from a semi-submersible vessel in Spanish waters. The company will supply a 7-3/8" ID, 5,000 psi-rated intervention riser system, with proprietary AQC-CW connectors and a complete ...
TGS targets Angola frontier with ultra-deepwater 2D survey Oslo-listed seismic data specialist TGS has announced the Ultra Profundo multi-client 2D survey offshore Angola. The survey covers approximately 12,600-line km, and the survey vessel Ramform Victory commenced operations earlier in the first quarter. Data acquisition is estimated to be completed in approximately 100 days, with fast-track products available in the third quarter. Full data ...
DOF secures new North Sea vessel deal and Australia extension Norwegian offshore contractor DOF Group has won a new contract for one of its vessels and an extension for another. According to the company, the new deal was awarded to the 2011-built anchor handler Skandi Skansen in the North Sea. Under the contract, DOF will provide vessel and ROV services for 30 days with planned ...
Hapag-Lloyd and WiseTech trial IoT on 2m containers to deliver live global visibility Australian supply chain technology solutions provider WiseTech Global is partnering with Hapag-Lloyd to trial the integration of Internet of Things (IoT) technology across the German liner's 2m strong smart container fleet to create real-time global container visibility, tracking and data collection. Hapag-Lloyd's fleet of 2m containers have been equipped with IoT devices that frequently transmit
New green ship finance vehicle shows early momentum French private equity firm Eurazeo has secured a €175m ($209m) first closing for its Eurazeo Sustainable Maritime Infrastructure II (ESMI II) fund, comfortably above an initial €125m target and approaching half of its €400m final goal. Launched in December 2025, ESMI II provides senior secured, asset-based financing to European small and mid-sized shipowners and maritime ...
The new rules of ship connectivity Starlink didn't kill the need for maritime-specific optimisation programmes. It made them better, argues Paul Morgan, head of engineering at GTMaritime. More bandwidth has a funny effect at sea. It does not reduce demand. It accelerates it. The idea that improved bandwidth eliminates the need for maritime-native systems is one of the most expensive misunderstandings ...
Greek shipowners pile up crude tanker orders at China's Hengli Heavy Industries Capital Group has doubled its VLCC orderbook to 22 ships, while Dynacom is now believed to have as many as...
Russia crude ban would cost marine underwriters hundreds of millions of dollars Legal profession mulls scope for lawful workarounds, with illicit options open to more morally flexible shipowners
Danish IMO bid for quick win on biofouling hits the buffers Countries have shot down Denmark's suggestion the IMO should amend Marpol to introduce curbs on transfer of invasive marine critters...
Tariffs and Chinese exports reshaping vehicle carrier market, says Wallenius Wilhelmsen chief The Wallenius Wilhelmsen vessel fleet will continue to steer clear of the Red Sea and Suez Canal, despite plans in...
DP World investor halts deals amid Epstein links to CEO Chairman of the ports and logistics giant, Bin Sulayem, appears multiple times in the Epstein files, which show he maintained...
Danaos will need to place LNG carrier orders 'in a couple of years' Containership and bulker owner is investing as a partner in Alaska LNG project that will require 'six to 10' LNG...
Both vessels at fault for collision that killed five The UK Marine Accident Investigation Branch found that both watchkeepers were 'willing to accept inappropriately close passing distances'
Structural shortage fuels latest wave of suezmax and VLCC newbuilding orders China is especially benefiting from the surge in orders for new crude oil tankers having won 60% of all new...
India's Russian crude oil imports unlikely to stop despite US trade deal Near-term Russian imports by state-owned refiners look unlikely but the same cannot be said for the long term as India...
HMM joins Maersk in flagging boxship glut risk The warning from HMM adds to a growing consensus that the next downcycle will be supply-led
Daily Briefing EU sanctions plan will complete Russia's shift into the shadow fleet | Tanker orderbook hits post-2009 high, yet oversupply fears...
STG Logistics survives key bankruptcy hurdle to remain in business The fourth-largest US domestic intermodal provider has received additional funding and now must focus on meeting revenue and expenditure targets through the second quarter.
Contrecoeur investor hits pause over DP World CEO's ties to Epstein La Caisse, a major infrastructure fund and co-investor with DP World, said it wants clarity from the ports operator about Sultan Ahmed Bin Sulayem's relationship with the convicted sex trafficker after messages between the two men became public this week.
Colombo expands box capacity as regional hub competition intensifies Equipped with 12 quay cranes capable of handling ultra-large container ships, the expansion allows the East Container Terminal to handle 3 million TEUs annually at full speed.
HMM profitability falls as carrier warns of growing supply-demand imbalance The 2025 result follows a familiar trend seen across the full-year financials reported so far by Maersk, Hapag-Lloyd and Ocean Network Express as the industry moves into an overcapacity-driven downcycle.
Odfjell orders chemical tanker newbuilding duo as earnings dip Shipowner and operator's chief executive says 2025 earnings show strength of the company's business
Saltchuk expands maritime empire with $1.5bn Great Lakes takeover Dredging giant to join expanding US conglomerate in take-private deal
Amazon to launch thousands of satellites in challenge to Elon Musk's maritime satcom offering Can Amazon Leo offer balance in maritime connectivity with 3,000 satellites?
LNG newbuildings 'not good investment' at current long-term rates, Flex says Company considers its existing newly dry-docked fleet 'better than new'
2020 Bulkers to keep stock listing while it evaluates next move Newcastlemax owner will deliver its remaining vessels this quarter
TUI Cruises to install passive air lubrication on vessel Cruise operator to fit fuel-saving system from UK cleantech firm Armada Technologies.
Clarksons: Mainstream tanker markets set for spike with EU's Russia ban Crude carriers hit by sanctions enforcers amount to one in six vessels in global fleet
Record-breaking year for global container volumes in 2025 But failure of strong volumes to sustain carrier earnings was deemed 'a sign of things to come'
Shipowner Evangelos Marinakis inks 11 VLCC newbuildings at Hengli Capital Maritime has already ordered six of the crude carriers at the Dalian-based shipyard
Pressure builds to ban scrubber wash water discharges in key shipping areas Regulators discuss prohibiting exhaust cleaning systems' effluent in sensitive regions
Tanker ordering not yet a 'systemic danger' for sector, Greek broker says Xclusiv Shipbrokers says risk from newbuildings is more nuanced than headline figures suggest
Car carrier sector could sell out on Chinese exports, Wallenius Wilhelmsen says Chinese automakers vacuuming up capacity, even amid record deliveries, company says
Ex-Braemar executive joins derivatives broking shop as CEO Tris Simmonds left Braemar abruptly last year and will now take charge at Sigma Broking
Theodore Angelopoulos-led Metrostar accelerates container ship play Shipowner emerges as latest Hellenic company to bet on smaller boxships
SFL bets on 'boiling' tanker markets with suezmax deal John Fredriksen-linked owner is in 'investment mode', CEO says
Sinokor Maritime rekindles earlier failed VLCC purchase talks as values rise Lucky Maritime joint arrangement with Trafigura on VLCCs has 'expired'
Adnoc L&S reveals lucrative sale price on its nine-year-old VLCC CEO Captain Abdulkareem Al Masabi heralds 'pivotal year' for growing company
Pistiolis suezmax tanker company to slash share count as price falls Rubico taking action to maintain Nasdaq listing
Thirteen unfixed LNG newbuildings set to line up with 2026's record delivery haul Braemar nudges LNG shipping market rebalance into 2028 but also forecasts a slide into vessel deficit for the same year
Reckless attitude blamed for bulker collision that killed five seafarers UK probe finds watchkeepers on the Polesie and Verity were willing to cut passing distances too fine
Danaos eyes up to 10 LNG newbuildings for ambitious Alaska project The exact number of vessels to be employed will depend on how far exported natural gas volumes will be transported
Jinhui Shipping orders two extra ultramax bulkers in China Hong Kong bulker owner now has six newbuildings on order
Fednav returns to newbuilding market after five-year pause Canadian company looks to Japan for handysize series
From Epstein to shadow fleet, shipping learns that its emails may not stay private Industry professionals should go beyond 'know your counterparty' to consider how associations would be perceived if they became known
Master of ship accused of sabotaging Baltic underwater cables faces court battle NewNew Polar Bear case has highlighted potential subterfuge in the Baltic Sea
HMM warns of boxship oversupply as earnings tumble South Korean owner says low-emission services hold the key to improving market share
Tanker seizures set to reveal the state of the shadow fleet Intertanko head Tim Wilkins calls for more sanctions that will highlight operations of responsible owners
Epstein ties to DP World boss prompt pension fund giant to halt deals Quebec's La Caisse has invested billions in port projects with the Dubai company
2020 Bulkers banks bigger profit as $178m question hangs after fleet sale Newcastlemax owner will deliver its sold vessels this quarter
Tufton Assets makes good on investment talk with twin bulker swoop Fund spends $33m on two handysizes with charters lined up
Synergy Marine wins management deal for Yang Ming's LNG dual-fuel boxship newbuildings Singapore group taking over technical management of 15,500-teu duo
Hanwha Ocean taps bond market as execution risks persist Fresh debt highlights funding strain as LNG backlog stretches into 2027
HMM warns of boxship over-supply as earnings tumble South Korean owner says low-emission services hold the key to improving market share
ONE lines up $4bn bundle of dual-fuelled container ship newbuildings Asian liner giant eyes contracts for two ship sizes as it moves to seal deals before Chinese New Year
'Cash rain' coming for Himalaya Shipping shareholders as bulker rates rise, analyst says Fearnleys says buy, while DNB Carnegie recommends sell
Flex LNG set to navigate 'volatile' 2026 markets with three open ships New CEO says long-term LNG story remains compelling
Singapore jails ship captain for instructing crew to lie about events leading to seafarer's death Nguyen Duc Nghi was the second to be charged over the tragedy, while the third case is case still pending
Hanwha Ocean taps bond market as execution risks linger Fresh debt highlights funding strain as LNG backlog stretches into 2027
First Ship Lease says it is debt-free, with stable revenue into 2029 But senior managers say their hunt for new investments has yet to yield anything appealing
Synergy Marine wins management deal for Yang Ming LNG boxship newbuildings Singapore group taking over technical management of 15,500-teu duo
Datang Shandong bulker pair to go under the hammer Two remaining ageing panamax bulkers on the block as power group trims its shipping exposure
Kodiak acquired by QXO: a strategic $2 billion-plus leap in building products QXO, the Brad Jacobs-led company that has targeted rolling up companies in a fragmented building products industry, has made its second acquisition since it came into existence. Wall Street immediately gave the acquisition of Kodiak from a private equity firm a gigantic round of applause: QXO (NYSE: QXO) stock rose 16.61% Wednesday, up $3.86 to $27.07. Its closing price was just under its high fo
El Paso airspace disruption tests counter-drone preparedness The Federal Aviation Administration abruptly closed, then reopened the airspace around El Paso International Airport, causing widespread confusion and grounding flights Wednesday morning. The FAA initially cited "special security reasons" for what would be a 10-day closure announced late Tuesday . However, restrictions were lifted just hours later on Wednesday morning after the FAA stated on soci
Amazon to expand same-day pharmacy delivery by 80% in 2026 Amazon's digital pharmacy business will expand same-day prescription delivery service to another 2,000 U.S. cities and towns by the end of 2026, bringing fast medication delivery to millions of customers, part of a broader initiative to speed up delivery across all categories, the company announced on Wednesday. Last week, Amazon promoted how it set a record for delivery speed in 2025, with over
Union Pacific claims rival railroad delaying trains Union Pacific has repeated its call for federal regulators to open an investigation into Canadian Pacific Kansas City's operation of the Meridian Speedway, claiming that CPKC's handling of UP-Norfolk Southern domestic intermodal trains has deteriorated. In a letter to the Surface Transportation Board, UP said that dwell time for its eastbound intermodal "hotshot" has risen at the Shreveport, La.,
GXO sees stable North American freight demand, cautious on volumes in 2026 GXO Logistics Inc. sees North America as a big opportunity for organic growth, with executives telling analysts that the U.S. market will be a primary driver of revenue and margin expansion in 2026 and beyond. CEO Patrick Kelleher described North America as "a primary focus," citing a total addressable market of roughly $250 billion in the region and what he called "a great foundation of business
New MOL executive team to succeed CEO Mitsui O.S.K. Lines (MOL) said that it had appointed a new executive team to succeed Takeshi Hashimoto atop the Japan-based ocean container carrier. Jotaro Tamura will succeed Hashimoto as president and chief executive, effective April 1, as part of what MOL terms a Cooperative Management System, with new Chief Operating Officer Hisashi Umemura and current Chief Financial Officer Kazuya Hamazaki.
Annual employment report revision shows huge decline in truck transportation jobs There were a lot fewer people working in truck transportation in 2025 than initially reported. The Bureau of Labor Statistics' (BLS) monthly employment report that is released in February is the first to incorporate the annual revision the agency implements as it gathers more data on employment, a process that goes on long past the agency's monthly reports. The annual revision is more sweeping th
Truck Safety Tip Line Created to Address Safety and Fraud Concerns U.S. Senator Jim Banks of Indiana has launched a new federal reporting initiative aimed at collecting safety-related concerns from within the trucking industry. The Truck Safety Tip Line, now live on his official Senate website, is designed as a centralized channel for drivers, carriers, industry employees and members of the public to submit information related to potential safety violations, fra
SONAR: The Ultimate Cure for Market Pain Use SONAR's Forward-Looking Market Intelligence (NOT just historical data) as preventative medicine for your market pain. Who SONAR Helps: Shippers struggling with RFPs containing "paper rates", inaccurate rates or rates that aren't in line with the current market. Brokers struggling with margin compression Carriers, Brokers and Shippers surprised by capacity swings Avoid getting caught flat-foot
How to Make Smarter Tender Acceptance Decisions (Part 1) As tender rejection rates surge nationally to over 14%, compared to just 5.5% last year at this time, be sure you're focusing o your "take" strategy rather than just your freight coverage strategy. Watch this brief webinar to learn how to use SONAR's Quick Rates Chrome Extension and Rate Intelligence tools to inform your tender acceptance strategy. Watch the webinar here . The post appeared firs
Asia-U.S. ocean freight rates give up 2026 gains Ocean container rates on the benchmark eastbound trans-Pacific have given up gains won in 2026 as muted demand marks a lull that could last until the peak shipping season. "And while ocean rates typically ease as the holiday approaches, they normally remain elevated relative to levels before the rush until after the post-holiday backlog is cleared," said Freightos (NASDAQ: CRGO ) analyst Judah Le
Startup courier Gofo acquires Cirro E-commerce for access to retailers Parcel delivery startup Gofo has acquired Cirro E-commerce, an end-to-end provider of international small-parcel logistics services in the United States, Europe and Oceania, the latest stage in an infrastructure race between low-cost carriers to achieve scale in the last-mile delivery market. Gofo also made two appointments to lead its commercial strategy and sales execution, including Ron Jansen
The Catastrophic State of Trucking and Highway Safety Four Amish men are dead in Jay County, Indiana. A father and his two sons, ages 19 and 25, and a family friend. Killed on February 3 when a Freightliner semi driven by 30-year-old Bekzhan Beishekeev, a Kyrgyzstani national who entered the country through the Biden administration's CBP One app and received his CDL from Pennsylvania, swerved into oncoming traffic rather than braking for a slowed tr
Ryder first look: steady as she goes, no big swings Ryder had a fourth quarter that saw the company largely hold its own from the comparable quarter a year earlier, with no big swings in revenue or profitability. One sign of a strengthening freight market was that its used tractor sales brought in an average price 1% more than a year earlier. While that may not seem like much, that year-on-year comparison has been running negative for several quar
Wage theft, unpaid hours rampant across Canadian trucking, drivers say Wage theft, unpaid work time and misclassification remain deeply embedded in Canada's trucking industry - particularly among long-haul drivers. A new report, "Running on Empty: Truck Drivers in Canada Are Underpaid and Overworked," is based on a 2025 survey of more than 400 truck drivers nationwide and concludes that current pay structures and weak enforcement allow systemic labor violations to p
Deaf driver's victory: Wilson Logistics to pay $50k A complaint brought by the Equal Employment Opportunity Commission over the failure of Wilson Logistics to hire a deaf driver has ended in a payment from the logistics company and a long list of steps it must take in its hiring process. The U.S. District Court for the Middle District of North Carolina announced Monday that a settlement had been reached between the EEOC and Transportation Manageme
First Look: GXO Logistics Inc. GXO Logistics Inc. reported higher fourth-quarter revenue year over year as the contract logistics provider continued to add new business and invest in automation, according to results released Tuesday after the market closed. The company said fourth-quarter revenue rose 7.9% to $3.5 billion, up from $3.25 billion a year earlier, driven by growth across regions. Adjusted earnings per share was 87
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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