HII and Navy break ground on new customer support complex at Ingalls HII's (NYSE: HII) reports that its Ingalls Shipbuilding division and Supervisor of Shipbuilding, Conversion and Repair Gulf Coast (SUPSHIP GC) have broken ground on a new 101,000-square-foot customer support complex, reinforcing collaboration
Letter: Scripps responds to yard choice criticism LETTER TO THE EDITOR A recent opinion piece in Marine Log ("Small U.S. shipyards face growing threats from overseas vessel awards," Oct. 13, 2026) criticized the decision by Scripps Institution of Oceanography
India's Swan Defence selects Everllence two-stroke dual-fuel solutions for new chemical-tanker builds India's largest shipbuilding and heavy engineering company, Swan Defence and Heavy Industries Limited (SDHI), has awarded Everllence orders for the two-stroke, dual-fuel engines that will power a series of six 18,000 dwt
Royal Navy awards Saab radar contract for autonomous "drone seeker" As part of the development of an autonomous "drone seeker" capability first unveiled earlier this year, the U.K. Royal Navy has awarded Saab UK a £15 million (about US$20 million) contract for
Tidewater reports continued strength in day rates and utilization The world's largest operator of offshore service vessels, Houston-headquartered Tidewater Inc. (NYSE:TDW) has reported revenue for the three and nine months ended September 30, 2026 of $360.4 million and $1,028.9 million, respectively,
American Cruise Lines' first Arkansas River cruise is a sell-out Guilford, Conn.-headquartered, American Cruise Lines reports that its first Arkansas River cruise has sailed. The new U.S. itinerary is being operated by American Serenade, one of American's modern Mississippi riverboats. The inaugural
MOL containership profit triples as ONE earnings strengthen Mitsui O.S.K. Lines (MOL) reported a sharp increase in containership earnings during the first half of its 2026 fiscal year, supported by stronger profitability at Ocean Network Express (ONE), elevated freight rates and continued capacity constraints across major container shipping routes. The Japanese shipping group's containership business generated ordinary profit of ¥73.4 billion for the six
Freightos Weekly Update: LA/LB strike deadline extended; Dem win increasing trade uncertainty Last week's US midterm election results saw Republicans lose control of both houses of Congress, raising questions about possible implications for trade and logistics. On the one hand, the shift, reflecting voter concerns over inflation including from tariffs and energy prices, could mean the White House will seek to avoid introducing new tariffs and aim to deescalate the war in Iran in the hopes
Explainer: Suez Canal held hostage on a budget Three years after the Houthis seized the Galaxy Leader in November 2023, the Suez Canal no longer works as the default artery between Asia and Europe
Maersk opens new logistics consolidation centre in Indonesia Maersk has inaugurated a new consolidation centre in Semarang, Indonesia, expanding its warehousing and cargo handling capabilities in Central Java as the region continues to develop as a manufacturing and export hub. The new facility covers more than 16,000 square metres and offers 15,800 cubic metres of storage capacity, with 11,300 pallet positions arranged across a six-level racking system. L
RCL to deploy two new 7,000-TEU vessels on Asia-India service Regional Container Lines (RCL) is preparing to introduce two new 7,000-TEU container vessels into its regional shipping network, with both ships scheduled for delivery in January 2027. The Thai container shipping company held naming ceremonies for KITIYA BHUM and LAKANA BHUM on 10 November in Shanghai, China, as part of its ongoing fleet renewal and expansion programme. The vessels are planned fo
Georgia emerges as a centre of excellence for automotive manufacturing and logistics Georgia Ports Authority hosted its annual State of the Port of Brunswick, where CEO Griff Lynch and President Kevin Price reviewed market conditions and future plans. They pointed to the state's success in attracting global automakers and building supply chains around them, following Audi's recent announcement of a factory in Georgia. Hyundai Motor Group's Metaplant at Ellabell, 30 miles west of
Eimskip posts 43.6% EBITDA growth in third quarter Icelandic shipping and logistics company Eimskip reported a 43.6% year-on-year increase in EBITDA for the third quarter of 2026, supported by higher cargo volumes, stronger freight rates and operational efficiency measures, despite a sharp rise in fuel costs. The company's quarterly revenue increased by 19.4% compared with the same period in 2025, while EBITDA rose by EUR 8.9 million. Eimskip att
CMA CGM announces new surcharges for Mediterranean and Mauritius trades CMA CGM has announced new Peak Season Surcharges (PSS) for container shipments from Asia to the Mediterranean, North Africa and Mauritius, with implementation dates scheduled for mid-to-late November 2026. The French shipping company will introduce charges of up to US$1,600 per 40-foot container on Asia-Mediterranean routes. Separate surcharges will apply to shipments from China and other Asian m
Yang Ming reports strong Q3 profit amid higher freight rates Yang Ming Marine Transport Corporation reported an after-tax net profit of NT$18.57 billion (US$584.75 million) for the third quarter of 2026, supported by stronger cargo demand, higher freight rates and continued capacity constraints across major shipping routes. The Taiwanese container shipping company generated consolidated quarterly revenue of NT$64.15 billion (US$2.02 billion), while earning
Panama Canal increases daily transit capacity to 34 slots The Panama Canal has increased its daily transit capacity to 34 booking slots and raised the maximum allowable draft for vessels using the Neopanamax locks. The changes, announced on 9 November 2026, follow improvements in lake levels and more favourable hydrological forecasts. According to the Panama Canal Authority, the additional daily slot is available for Super vessels using the Panamax lock
AD Ports Group posts record Q3 profit despite drop in UAE container volumes AD Ports Group reported record quarterly earnings for the third quarter of 2026, despite a sharp decline in container throughput at its UAE ports amid continued disruptions around the Strait of Hormuz. The Abu Dhabi-based group recorded revenue of AED 7.99 billion, up 48% compared with the same period last year. EBITDA increased 63% to AED 1.97 billion, while net profit rose 64% to AED 975 millio
Maersk confirms security breach amid hacker claims of major data theft A.P. Moller-Maersk has confirmed an IT security incident involving unauthorised access and data extraction from a legacy system, following claims by a hacker group that it obtained approximately 100 gigabytes of information linked to the shipping company's logistics operations. In a statement issued on 11 November, Maersk acknowledged that an unauthorised party had accessed a local system inherit
US container imports hit all-time high in October, Descartes reports US container imports reached an all-time monthly high in October 2026, supported by stronger shipments from China and increased activity at East and Gulf Coast ports, according to Descartes Systems Group. The latest Global Shipping Report shows that US maritime container imports reached 2,674,808 TEUs in October. This represents a 5% increase from September and a 16% rise compared with October 20
Hai An extends Vietnam container service to Tuticorin The service expansion began with the inaugural call of the 1,781 TEU containership HAIAN ALFA at Dakshin Bharat Gateway Terminal (DBGT) on 7 November 2026. The new call provides southern Indian importers and exporters with additional container shipping connections to Vietnam and other Asian markets. According to the V.O. Chidambaranar Port Authority , the service operates fortnightly, linking Tut
Freightos launches AI-powered platform for freight forwarders Freightos has launched a new generation of its Freightos for Forwarders platform, bringing artificial intelligence into freight quoting, booking and rate management. The upgraded platform supports both air and ocean freight operations. It combines carrier rates, market intelligence and digital booking tools in a single system. According to Freightos, the new version aims to reduce manual work and
RCL posts higher Q3 profit and orders 12 containerships Regional Container Lines (RCL) reported a sharp increase in third-quarter profit as higher freight rates supported earnings despite lower container volumes. The Thailand-based shipping company recorded a net profit of THB 3.26 billion for the three months ended 30 September 2026. This represents a 64.7% increase from THB 1.98 billion in the previous quarter. Freight income rose by THB 1.05 billio
NYSHEX raises Series D funding to expand NYFI freight index New York Shipping Exchange (NYSHEX) has secured Series D funding to expand its NYSHEX Freight Index (NYFI) and strengthen its container shipping risk management services. The financing round was led by NewRoad Capital Partners and Intercontinental Exchange (ICE), with participation from existing investors. As part of the investment, Stuart Williams, Chief Operating Officer of ICE, will join the N
SITC CJV6 becomes first international liner service at Nansha Phase IV Guangzhou Port's Nansha Phase IV fully automated terminal has welcomed its first international liner service following the arrival of the container ship SITC YIHE. The vessel's call marked the introduction of SITC's CJV6 service at the terminal and the start of regular international liner operations at Nansha Phase IV, according to the Guangzhou Municipal Port Authority. CJV6 connects China, Japa
Lawfare, leverage and the shrinking US-China truce Beijing formally rolled over its side of the trade truce with Washington to 10 January 2027. Underneath, it confirms three shifts that now define the US-China economic contest: the move to lawfare, the hardening of Chinese leverage, and the shrinking life of each truce
Konecranes secures first overseas ESP.4 crane order in Bermuda Konecranes has secured an order for a Gottwald ESP.4 Mobile Harbor Crane from Stevedoring Services Limited (SSL) in Bermuda, marking the model's first order outside Europe. The Finnish equipment manufacturer booked the order during the third quarter of 2026. Delivery is scheduled for the third quarter of 2027. SSL plans to use the new crane primarily for container handling operations. The equipme
Drewry and Cargoo integrate freight benchmarks into procurement platform Drewry Shipping Consultants has partnered with ocean freight management platform Cargoo to integrate freight benchmarking data into its digital procurement system. The agreement allows customers who use Cargoo and belong to the Drewry Benchmarking Club to access their benchmark data directly within the platform. The integration connects market rate information with freight procurement, carrier ne
Geneva Dry: Belships' Ivar Hansson Myklebust on China's changing commodities role Ivar Hansson Myklebust, chair and CEO of Norway's Belships, believes the shipping industry continues to underestimate the growth potential of developing economies. Ahead of his appearance at Geneva Dry 2027, he discusses China's changing trading patterns, fleet supply and the opportunities emerging across minor bulks. A changing China, resilient emerging economies and a relatively predictable ...
Yangzijiang tied to Torm's LR2 newbuild push Singapore-listed Yangzijiang Maritime Development has been linked to Danish tanker giant Torm's latest LR2 newbuilding venture, putting a name to the mystery partner behind an eight-ship programme announced last week. Shipbuilding sources have identified the Ren Yuanlin-led maritime investment group as Torm's partner in the 50:50 joint venture, which will see the vessels built in ...
Canada puts Iranian tanker giant back under sanctions Canada has reinstated sanctions against the National Iranian Tanker Company (NITC), reversing relief granted a decade ago under the international nuclear agreement with Tehran. The move forms part of a package targeting 11 Iranian entities, including National Iranian Oil Company (NIOC), oil trading group Naftiran Intertrade and several major financial institutions. The measures were announced ...
Flex LNG lines up $145.5m leaseback John Fredriksen-controlled Flex LNG has signed a $145.5m sale-and-leaseback deal for one of its LNG carriers, extending a fleet refinancing programme expected to release another $34m in cash. The New York-listed owner disclosed the agreement with an unnamed Asian leasing company in its third-quarter update. The deal covers the 2018-built, 173,400 cu m Flex Enterprise, ...
Volare snaps up $210m VLCC in Trafigura-linked deal Trafigura-backed tanker owner Volare Shipping has agreed to acquire a VLCC newbuilding from an affiliate of its controlling shareholder for $210m, adding another supertanker to its expanding fleet just weeks after its Oslo market debut. The Euronext Growth-listed company said it had struck a deal for the scrubber-fitted Veni Vidi Vici, which is currently undergoing ...
Maersk hit by fresh cyber breach Danish shipping giant AP Moller-Maersk has confirmed another cybersecurity breach after hackers gained access to an older IT system and extracted data, nearly a decade after the devastating NotPetya attack that cost the company up to $300m. The Copenhagen-headquartered group said on Wednesday that the incident involved a local legacy system inherited through a previous ...
UK taps Ocean Infinity for subsea security push UK-based marine robotics specialist Ocean Infinity has been selected as the Royal Navy's commercial mission partner for a new underwater surveillance programme backed by an initial £90m ($120m) investment. The company will work with the Royal Navy to develop Atlantic Net, a network of autonomous maritime systems, underwater sensors and artificial intelligence designed to monitor ...
Elemental Energies wins offshore CCS deal from Harbour Energy Aberdeen-based well engineering specialist Elemental Energies has secured a two-year contract from Harbour Energy to support the expansion of the Viking carbon capture and storage (CCS) project in the UK southern North Sea. The contract covers integrated subsurface, geomechanics and well engineering studies for the Viking East and Viking West storage sites. The work will ...
Monjasa seals biggest-ever fleet deal with five-tanker swoop Danish bunker supplier and shipowner Monjasa has acquired five sister product tankers from Germany's Bernhard Schulte in its largest-ever fleet deal, strengthening its marine fuels operations in West Africa. The Fredericia-based group has picked up five 2010- and 2011-built tankers of around 16,500 dwt each. The purchase price has not been disclosed. Four vessels, renamed ...
Hartnoll's Eastway makes $320m tanker comeback Eastway, the shipowning and shipmanagement arm of the Tim Hartnoll-controlled X-Press Feeders/Sea Consortium group, is returning to the tanker market, ordering four suezmax newbuildings in China in a deal worth an estimated $320m. According to Alphaliner, Eastway has contracted Penglai Zhongbai Jinglu Ship Industry to build four 157,000 dwt tankers, with deliveries scheduled for 2029 ...
Arena Energy lands $480m loan to revive US Gulf offshore platforms US independent Arena Energy has secured a $480m federal loan to redevelop 22 offshore production platforms in the Gulf of Mexico, as part of a major programme aimed at boosting output from mature fields. The financing, provided by the US Department of Energy's Office of Energy Dominance Financing, has reached financial close and will support ...
Aquaterra Energy changes hands in management buyout UK-based offshore engineering specialist Aquaterra Energy has undergone a management buyout, with its existing leadership team taking ownership of the company in a transaction backed by HSBC. The Norwich-headquartered company said the ownership change would provide a platform for further growth while maintaining continuity in its leadership and business strategy. Aquaterra chief executive George
Cadeler lines up three vessels for UK offshore wind project Danish offshore wind contractor Cadeler has signed an exclusivity agreement with an unnamed client for foundation and turbine installation work at a large-scale offshore wind farm in the UK. The installation campaign is expected to begin around 2030 and will involve three vessels from Cadeler's fleet. An A-class vessel and an O-class vessel will handle ...
RWE and KKR close $16bn UK offshore wind investment German energy group RWE and US investment firm KKR have reached financial close on two major UK offshore wind projects involving a combined investment of around £12bn ($16bn). The companies have completed their 50:50 joint venture for the Vanguard West and Vanguard East developments, with KKR acquiring a 50% stake in each project. The two ...
Ukrainian drones strike major Russian Baltic export port Ukraine has launched a major drone attack on Russia's Baltic port of Ust-Luga, setting fire to port infrastructure, injuring three workers and disrupting power supplies. Leningrad region governor Alexander Drozdenko confirmed early Wednesday that several drones had struck the port area, triggering a fire and an emergency shutdown of a transformer substation. Three port workers ...
Hormuz tanker attacks mount The maritime security crisis around the Strait of Hormuz has taken another dangerous turn, with two tankers attacked yesterday and Iran claiming that three vessels have struck naval mines while attempting to navigate the strategic waterway. UK Maritime Trade Operations (UKMTO) reported that a tanker was struck by an unidentified projectile 19 nautical miles northeast ...
Coal's new world order takes shape Coal's changing trade map is creating winners and losers across dry bulk shipping in 2026, with Indonesian exports retreating, southern African shipments setting records and Asian import demand increasingly fractured. Clarksons Research forecasts seaborne coal trade will edge up just 1% this year to 1.343bn tonnes. Beneath that modest increase, Indonesian exports are projected to ...
Maritime coalition targets 20% electrification by 2035 More than 30 maritime organisations have joined forces at the COP31 climate summit in Turkey to push for electricity to account for at least 20% of international shipping's energy consumption by 2035. The Maritime Electrification Breakthrough Goal, launched yesterday in Antalya by the Environmental Defense Fund (EDF) and RMI, has attracted support from organisations including ...
China Merchants revives another shipyard China Merchants is moving to take control of the long-dormant Quanzhou Shipyard in Fujian province, the latest in a string of yard revivals that has seen China's shipbuilding capacity nearly double in recent years. The state-owned conglomerate has signed a strategic cooperation agreement with Quanzhou authorities, paving the way for the revival of a facility ...
Panama Canal turns the taps back on The Panama Canal has raised its daily transit capacity to 34 vessels and increased the maximum allowable draft for neopanamax ships to 50 ft, marking another significant easing of restrictions following an exceptionally wet October. The Panama Canal Authority (ACP) confirmed that an additional booking slot for super-category vessels at the original panamax locks would ...
The Daily View: Sanctioned tankers offer tempting Hormuz fix, but there is no fast route out of the shadows SanctionsStrait of Hormuz crisisTankers and Gas
EuroDry sees causes for optimism in dry bulk market Charter rates hit recent highs in third quarter and remain profitable despite slight softening
Maersk cyber attack 'connected to' hacking group claims, company confirms Cyber criminal gang says it will publish Hong Kong logistics data unless it receivies $5m in bitcoin
EU states fail to reinforce Red Sea mission despite mounting shipping security demands Operation Aspides says responsibility for providing more warships remains with EU member states, as Italy confirms political appeals to bolster...
Iran warns Kuwait over Hormuz shipping as MEG states bolster military command Iran continues to assert control over commercial shipping through Hormuz even as Washington signals possible de-escalation and Middle East Gulf...
Middle East Gulf bulker traffic hits conflict-era high as China-linked ships step up Record inbound traffic signals rising owner confidence despite heightened Hormuz risks, with Chinese-linked and opaque tonnage driving much of the...
Four injured as ninth Sinokor VLCC struck by projectiles since June Sinokor's dominant role in the Hormuz shuttle trade has left its fleet particularly exposed to the Middle East Gulf security...
Boxship sale-and-purchase market picks up despite looming capacity risks MSC has added another secondhand ship while newbuilding resales are also gathering pace
Gulf shipping contingencies could outlast wartime disruptions as RSGT expects normalisation in 2027 A near-term normalisation could see wartime contingencies become a strategic redundance - a crucial safety net for the Middle East's food...
US push to rehabilitate sanctioned tankers faces gruelling deal-by-deal process At least five companies are discussing potential transactions with Washington, but sources involved in the process say hopes of rapidly...
Dry bulk's 2008 class is ageing, but owners won't let go Bulkers from the 2008 boom are nearing 20 but still earning too well to scrap. BRS warns that surplus risk...
Daily Briefing Quanzhou's empty docks and the shape of the next shipbuilding glut | Container lines drive sharp Bab el Mandeb traffic...
Asia-Europe demand, congestion support rates ahead of ocean contract talks Elevated pricing in the fourth quarter comes as shippers on the westbound trade lane prepare for annual long-term rate negotiations with carriers.
Okeanis rolls out record dividend as earnings rocket past Wall Street estimates After earnings surprise, fourth-quarter numbers are looking even hotter
Teekay Tankers unveils newbuilding orders after estimate-beating earnings Chief executive Kenneth Hvid says fourth quarter could break profit records
Kuwait and Iran trade barbs at IMO over attacks on tankers Kuwaiti ambassador condemns attack on the Burgan, while Iran accuses the Gulf nation of aggression of its own
Crew member tied up in Singapore Strait robbery as incidents spike Piracy reporting centre says a spike in robbery incidents has followed 10 months of decline
Peace talks end with prisoner exchange as Russia strikes ships and Ukraine attacks Ust-Luga port Attacks that hit tankers, dry cargo vessels and container ships continued through negotiations in Abu Dhabi
Tanker sale lifts Great Eastern profit Disposal of LR2 helps Indian owner
Capital Tankers new suezmax deal worth up to $82m Term deal signed for ship built in China this year in slow period market
Himalaya Shipping expects another surprisingly strong first quarter Period has long been the seasonally weakest time for capesizes and newcastlemaxes, but this pattern is breaking down
Iran trade barbs with Kuwait at IMO over attacks on tankers Kuwaiti ambassador condemns attack on the Burgan, while Iran accuses the Gulf nation of aggression of its own
Volare Shipping adds seventh ship with newbuilding VLCC from Trafigura Crude carrier undergoing sea trials after construction at Hengli Shipbuilding
Flex LNG ready to ride out 'choppier' 2027 as spot ship numbers rise Company has up to four vessels that could be exposed to softer market in coming months
Cetus Maritime Oslo listing boosted by booming handysize bulker market Dry bulk owner and operator sees listing strengthening growth capability
Why aren't bulkers selling like hot cakes in a banner year for earnings? High bunker prices have shaped buyer demand this year
Serck-Hanssen sets out how DNB will keep 'punching above its weight' in shipping Norwegian bank sees cross-selling of capital-light services alongside lending
Maersk Tankers lands $33m profit from offloading product carriers into Nigeria Danish owner said to have sold two 2010-built MR vessels
Henning Oldendorff boosts M&M Bank stake in deal with nephew Oldendorff Carriers supremo snaps up stock from Nikolaus Oldendorff
Yangzijiang emerges as mystery partner in Torm tanker push Danish owner has teamed up with Ren Yuanlin-led company for an eight-ship order in China
Court dismisses collusion claim against Eimskip by shipper Alcoa Icelandic owner says second antitrust case has been kicked out
Bahri product tanker linked to Hormuz 'attack' as Iran claims new ship hits Saudi owner is one of the main targets in Iran's campaign to disrupt shipping in Middle East Gulf
Monjasa buys five tankers from Bernhard Schulte in major fleet renewal push Danish shipping and bunker group says acquisition is its largest ever
Wallem adds former Aegean Shipping boss to lead Greek push Ship manager creates new role for experienced executive
Volare Shipping adds seventh ship with brand new VLCC from Trafigura Ship currently undergoing sea trials after construction at Hengli Shipbuilding
Strike on Sinokor VLCC injures four seafarers in Strait of Hormuz Iran concentrates its fire on major players in US-protected shuttle runs
Serck-Hanssen sets out how DNB will keep 'punching well above its weight' in shipping Norwegian bank sees cross-selling of capital-light services alongside lending
Hapag-Lloyd hikes 2026 earnings guidance for third time on strong freight rates Liner operator says fourth-quarter trading is outperforming expectations
Robert Maersk Uggla company emerges as seller of VLGC to Great Eastern Navigare Capital Partners ship is now the Jag Vikrant
Navios Holdings splashes $14m on buying back interest-bearing stock Greek owner launched repurchase offer in US last month
Pistiolis company buys two tanker newbuildings backed by seven-year Trafigura charters MR vessels being acquired from sister outfit Top Ships
Poland's Orlen cans QatarEnergy LNG supply deal First buyer to walk away after force majeure extends into ninth month
Bahri product tanker linked to Hormuz 'attack' as Iran claims new ship hit Major Saudi oil owner is one of the main targets in Iran's campaign to disrupt shipping in the Middle East Gulf
Al Seer sells second former Sovcomflot VLCC for massive profit China's Zhejiang Changchang doubles up on big tankers after entering sector in September
Oceanus Capital arrests cruise ship in Singapore Odyssey's endless world cruise comes to a full stop in Singapore as financier lodges mortgagee claim
Wilh Wilhelmsen rewards shareholders with $20.3m buyback Company purchases 220,000 A and B shares
Four crew members airlifted from tanker after suspected food poisoning US Coast Guard evacuates seafarers off Puerto Rico
Himalaya Shipping cuts dividend as newcastlemax earnings fall in October Average TCE earnings fall to $50,900 per day
Flex LNG sees 'muted' and 'potentially volatile' spot rates through 2026 Chief executive Marius Foss 'Flexcited' by strongest quarter to date
Pan Ocean sells capesize bulker as demand for mid-age tonnage stays strong Pan Advance sells for double its 2016 price, with Lila Global tipped as buyer
AD Ports' shipping arm drives record third quarter Feeder containers, ro-ro and tanker strength lift profit
Yangzijiang Shipbuilding exceeds newbuilding order target by 55% Containerships remained the dominant vessel type in new order wins
Superliner United States sails into history as world's largest artificial reef Record-breaking Blue Riband holder set to end 74-year career on US Gulf seabed after 57 years of lay-up
Adnoc shipping bulk of Hormuz-challenged LNG to India, WoodMac says Kpler data reveals extent of QatarEnergy's dark loadings and vessels heading into Middle East Gulf
Hong Kong ship registry fights back after US port fees triggered exodus Marine chief reveals signs of recovery and explains why some shipowners are returning
Why Owner-Operators Are Leaving The Small-Fleet Tier, And Where Their Trucks Go Next For three and a half years the smallest tier of trucking has been quietly emptying out, with the number of tractors run by one-to-six-truck carriers sliding from a 2023 peak near 398,000 all the way back to about 362,000, and the easy explanation, that owner-operators are simply going out of business, misses what the federal data actually shows, because a large share of those trucks never leave t
Freight distress persists as logistics layoffs top 1,000, bankruptcies mount Financial distress continues to ripple through the U.S. transportation and logistics industry, with more than 1,000 announced job cuts and a new round of bankruptcy filings involving trucking companies , warehouse operators and freight-related businesses . At least 10 companies have disclosed plans to eliminate a combined 1,021 jobs, according to layoff announcements and Worker Adjustment and Ret
Wheeling & Lake Erie engineers, conductors strike over managers filling crew positions About 140 engineers and conductors at the Wheeling & Lake Erie Railway went on strike Wednesday, Nov. 11, over the railroad 's use of managers to perform conductors' work, according to the Brotherhood of Locomotive Engineers and Trainmen. The union said picket lines went up at railroad locations beginning at noon Wednesday but offered no details. It contends that the railroad's actions violate bo
Spot Rates Up 50%, Rail Volumes at Highs Unlock critical freight market insights with Sonar's new MCP offering. Learn how AI can access real-time data on truckload and intermodal rates, volumes, and capacity. In this update, we dive into the current market: spot rates are up 50% year-over-year, while intermodal contract rates remain steady, driving road-to-rail savings near 30%. Discover how domestic intermodal is gaining traction, desp
Intermodal Booms: Best 3 Months EVER for Rail Freight North American rail traffic is on a roll! The latest AAR monthly outlook reveals the best three months for intermodal EVER, culminating in an all-time high in October. This broad-based strength, beyond just market share gains from trucks, signals a robust industrial economy. Despite inflation and rising interest rates, rail volumes are projected to continue growing into 2027. We break down the ke
AI in Logistics: How Radar is Revolutionizing Fleet Data Analysis Fleetworthy introduces Radar, a new AI tool designed to transform how fleets manage their tolling, safety, and compliance data. Discover how this innovative solution allows users to query complex information in plain language, turning raw data into actionable insights for improved efficiency and cost savings. Michael Precia, President & CRO, explains the strategic focus on reducing toll leakage a
Fura Freight: Next Year, Our AI Agent Will Book 90% of Loads Fura CEO Jeff Dangelo details how their AI agent, Donna, already handles 40% of bookings, with plans to hit 90%. Learn about Fura's growth strategy, including eight acquisitions (the latest adding $30M in revenue) and their aggressive M&A pipeline. Dangelo also shares insights on navigating tight capacity, rising costs, and margin compression in the current freight market. This is how technology
Latam Cargo to increase flower exports with Bogota terminal expansion Latam Airlines Group announced Wednesday it will build and finance a new cargo terminal at El Dorado International Airport in Bogotá, Colombia, tripling its existing work space and enabling faster processing of import and export shipments. The expansion project is part of a new plan to upgrade cargo handling infrastructure at its primary operating hubs. The 46,400-square foot El Dorado facility w
US postpones 'million-dollar' China ship tax until January The United States has extended the suspension of port fees targeting China-linked shipping for another two months, keeping the measures on hold through January 9, 2027, according to a notice published Tuesday in the Federal Register. The decision gives Washington and Beijing additional time to negotiate over Chinese policies affecting the maritime, logistics and shipbuilding industries. The Offic
Texas trucking owner indicted in scheme involving 57 unauthorized drivers A Texas trucking company owner has been indicted on federal charges from an alleged scheme to employ unauthorized foreign drivers to transport domestic freight across the U.S., saving his company nearly $300,000 in labor costs. Armando Martinez Varela, 56, of Laredo, Texas, owned VMS Transport LLC, which prosecutors allege recruited drivers admitted into the U.S. under B-1 nonimmigrant visa statu
US rail traffic hits intermodal record as October freight gains signal economic resilience, says AAR U.S. railroads set an intermodal traffic record in October as shipments rose across much of the freight economy , evidence of resilient demand despite inflation, higher interest rates and weak consumer confidence. Intermodal volume rose 9.6% from a year earlier, with railroads handling an average of more than 298,000 containers and trailers per week - the highest weekly average for any month on r
US Postal Service reduces annual operating loss by 12.7% The U.S. Postal Service reduced its annual loss in fiscal year 2026 to $6.5 billion, down $2.5 billion from last year, but officials called again on Congress and the Postal Regulatory Commission for urgent reforms because its own measures to cut costs and generate more revenue aren't enough to resolve an ongoing financial crisis. The national mail carrier said its controllable loss, which exclude
High Diesel Prices Put Fleet Efficiency Under the Microscope Every fleet manager knows the feeling of watching the pump price tick up and realizing there is nothing to be done about it. Diesel is set by forces no carrier controls. What a carrier does control is how much of every gallon it puts to work, and elevated fuel prices have a way of exposing habits that were quietly costing money all along. Idling that seemed tolerable at lower prices gets harder t
Shippers running 2022-era bid playbooks face a tighter peak Some shippers are heading into peak season with the bid strategy that carried them from 2022 through 2025: long rate locks, steep penalties and little flexibility. That strategy is breaking down in a tighter market, said Craig Lough, director of strategic planning at A. Duie Pyle, who leads the company's non-asset brokerage division. Lough has worked in freight since 2003. Pyle is a family-owned
Hydrogen trucks' fuel cell is ready. Europe's pumps aren't STUTTGART, Germany - Cellcentric's newest fuel cell BZA375 fits in the engine bay of a 13-liter diesel truck. The plant where they are currently manufactured is located in Esslingen (in the greater Stuttgart area). The factory meant to build it at scale is being prepared. For now it sits as a reserved plot in an industrial park in the town of Weilheim an der Teck, Germany. The joint venture of Da
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