GAO: MARAD should do more to spread the word on aid programs for mariner training In response to a provision in the National Defense Authorization Act for FY 2024 requiring the U.S. Government Accountability Office (GAO) to review issues related to federal financial aid for mariner training,
Cydome and ABB partner to advance maritime risk management ABB and maritime cybersecurity specialist Cydome are collaborating to help shipping companies strengthen risk management and support safer operations. They say that, by feeding ABB's weather routing and voyage optimization data into
Blue Water Marine Capital and Horizon Offshore Services form partnership Blue Water Marine Capital and Horizon Offshore Services announced the completion of a cross-purchase agreement in which each company acquired a 25% ownership stake in the other. Blue Water Marine Capital, based
Op-Ed: How to capture the opportunity of shipbuilding's golden age Shipyards need the confidence to act at speed and "fail fast" to capture a generational opportunity, writes Denis Morais, CEO, SSI Shipbuilding in Canada is poised to enter a golden age but
Titan charters United LNG I bunker vessel Amsterdam-headquartered Titan Clean Fuels has chartered United LNG I, a new LNG bunker vessel launched in December 2025, owned by Somtralux and operated by United Bunkers. The 135-meter-long inland waterway bunker vessel
Incat Crowther picked to design new fast crew vessel fleet Singapore-based Fast Offshore Supply (FOS) has selected Incat Crowther to design a fleet of ten new 55-meter DP2 fast crew vessels Capable of transporting 80 passengers and a payload of 150 tonnes
Criminal charges filed in Key Bridge collapse case The U.S. Department of Justice reports that two Synergy Marine Group corporate entities and a shoreside superintendent face criminal charges in connection with the strike by the 900-foot containership Dali that led
Bay Towing orders Z-Tech 30-85 ASD tug at Sterling Shipyard Houston-based Bay Towing reports that Philip E. Kuebler, the company's president and CEO, has, signed a contract with Sterling Shipyard LLC in Port Neches, Texas, covering the construction of a Robert Allan
Why even reopening will not restore Hormuz's pre-crisis status? The Hormuz diplomatic deadlock is no longer just a shipping crisis but it's accelerating a permanent rewiring of global energy logistics with or without a resolution
MGTP and CONROO launch smart truck handling at Montreal Terminals Montreal Gateway Terminals Partnership and CONROO have launched the first two terminal sites in North America fully powered by smartphone-based truck handling technology. The new system digitizes the entire truck journey, from pre-arrival booking to gate processing and yard navigation. Truck drivers can now use a mobile app for contactless gate check-in, real-time navigation and terminal processi
Rhenus opens new dangerous goods warehouse in Bangkok Rhenus Group has opened a new dangerous goods warehouse in Bangkok, Thailand. The facility expands the company's specialized warehousing capabilities in Southeast Asia. It is located near major ports and next to Rhenus' existing KM19 warehouse in Bangna Trad. The new warehouse covers 5,817 square metres. Rhenus will open the facility in phases. It will handle both dangerous and non-dangerous carg
Chinese ship owners build boxships in local shipyards as demand mounts Chinese ship owners have been ordering container ships at mid-tier shipbuilders that can offer earlier delivery dates, amid strong demand for tonnage. This month, two Chinese ship owners, Xiamen Yixiang Shipping and Xiamen Haoxiang Shipping, each ordered a 5,700 TEU ship at Zhejiang Mingfei Shipbuilding. Priced at US$48.7 million each, the ships will be delivered in 2027
CMA CGM introduces PSS from Taiwan to Canada CMA CGM Group has announced a peak season surcharge (PSS) on all cargo moving from or via Taiwan to both the East and West coasts of Canada, effective May 15, 2026, until further notice. The surcharge applies to all cargo types and is set at USD 1,800 per 20-foot container, USD 2,000 per 40-foot container and USD 2,530 per 45-foot container. The measure is in line with the carrier's broader effor
Danaos reports decrease during the first quarter of 2026 Danaos Corporation reported unaudited results for the three months ended March 31, 2026, with operating revenues from its container vessel segment reaching US$ 229.6 million, a 2.8% decrease of US$ 6.6 million compared to US$ 236.2 million in the same period of 2025. The quarter was shaped by the closure of the Strait of Hormuz, a development that primarily benefited the tanker sector through sha
Maersk launches reefer rail service from Hyderabad to Mumbai Maersk has inaugurated a dedicated weekly reefer rail service connecting Hyderabad's pharmaceutical manufacturing cluster to Nhava Sheva port, developed in close partnership with CONCOR, the Container Corporation of India. The service is purpose-built for the needs of pharmaceutical exporters and operates on a fixed weekly schedule using 40-foot refrigerated containers, with pre-trip inspection c
DHL Express launches Heavy Weight Express Service DHL Express has expanded its global express portfolio with the launch of Heavy Weight Express (HWX), a new service for heavyweight international shipments. The new solution supports shipments up to 1,000 kilograms per piece and 3,000 kilograms per shipment. DHL said the service combines express delivery speed with full shipment control, proactive monitoring and predictable pricing across more tha
How geopolitics rewrote the logic of global shipping For the better part of the twentieth century, maritime routing decisions were governed by a single variable: distance. Shortest path, lowest fuel cost, fastest transit time
MSC and MEDLOG renew food safety management certifications MSC and MEDLOG have received renewed certification from RINA, a leading certification body, for their Food Safety Management System and Good Distribution Practice protocols. MEDLOG Italy has additionally achieved FSM certification for the first time, extending the certified network across the group's operations. The two certifications address distinct but related areas of sensitive cargo manageme
How Digital Freight Forwarding Software is Reshaping Container Shipping Operations in 2026 Everyone thinks container shipping lives with the carrier. It does not. It lives with you. The carrier moves the box from one port to another. That is the easy part. You handle everything else. The quote, the booking, the Master Bill, the ISF, the trucker at the port, the vendor invoice that arrives three weeks late, and the margin you are praying survives. None of that runs on the carrier's syst
Meridian Capital Reviews: A Broker That Makes Investing Profitable Meridian Capital is a broker that relies not only on a modern infrastructure for online trading but also on high-quality analytical support for its clients. Understanding that achieving stable profits is impossible without deep market research, the intermediary established its own analytical center. The mission of the center's specialists is to provide traders with accurate forecasts, expert opin
Fincantieri raises 2026 guidance as backlog hits record €74.2 billion Fincantieri kicked off 2026 with strong momentum. The Italian shipbuilder posted Q1 revenue of €2.135 billion and raised its full-year guidance across all key metrics. Total backlog reached a new all-time high of €74.2 billion, 8.1 times 2025 revenues, with delivery visibility stretching to 2039. Revenue fell 10.1% year-on-year. The drop reflects the absence of a one-off Indonesian Navy order tha
Trump says Iran ceasefire on 'Life Support' as US weighs new military action The fragile ceasefire between the United States and Iran is facing renewed pressure after Donald Trump sharply criticized Tehran's latest response to a US peace proposal and signaled that Washington could resume military action. Speaking on Monday, Trump described the ceasefire as being "on life support" after rejecting Iran's proposal, which he called "stupid" and "garbage." The comments came on
Port of Los Angeles handles second-best April on record Port of Los Angeles processed 890,861 TEUs in April 2026, marking a 5.7% increase compared to the same month last year and the second-best April performance in the port's history. During the first four months of 2026, the port handled 3,279,704 TEUs. Volumes were 2% above the five-year average for the period but 2% below last year's pace, which had been boosted by cargo front-loading. Gene Seroka
Aqaba reinvents itself as shifts to energy-logistics hub As dual-chokepoint disruption reshapes regional shipping, the Port of Aqaba is absorbing infrastructure displaced from the Gulf while building a new cargo identity grounded in LNG imports, green fuel exports, and overland transit to Iraq
Kaleris launches AI-powered Yard Intelligence Suite for container terminals Kaleris has launched its new Yard Intelligence Suite, an AI-powered solution designed to help container terminals improve yard planning, reduce congestion and increase throughput without expanding physical infrastructure. The solution debuted at the TOC Europe 2026 in Hamburg. Kaleris said the platform allows terminal operators using the N4 terminal operating system to interact with yard manageme
Diana launches campaign site while Genco fires back with 'myths and facts' rebuttal The long-running tussle between Diana Shipping and Genco Shipping & Trading escalated into a public relations duel this week after both bulker owners issued fresh actions aimed directly at shareholders ahead of a looming proxy fight. New York-listed Genco issued a detailed rebuttal accusing Diana of spreading "false and misleading claims" in its campaign to ...
North Star secures contracts for 17 ERRVs UK offshore vessel owner North Star has secured contracts for 17 emergency response and rescue vessels (ERRV) in its fleet for work in the North Sea. The contracts, comprising both new awards and renewals, represent approximately 50 years of combined contract duration. The deals were secured through a combination of competitive tender processes and contract ...
Mubadala invests $325m in world's biggest offshore wind farm Abu Dhabi state investor Mubadala has announced a $325m investment in Ørsted's Hornsea 3, which, once completed, will be the world's single largest offshore wind farm. Mubadala is investing alongside a consortium led by Apollo-managed funds, which includes USS and La Caisse. The investment follows Apollo Funds' acquisition of a 50% stake in the joint ...
Safe Bulkers expands orderbook with four bulkers Greek dry bulk owner Safe Bulkers has entered into recapitulation agreements for the acquisition of four Japanese newbuild dry bulk vessels. Three newbuild vessels are 82,000 dwt kamsarmaxes, with two set for delivery in the first half of 2029 and one in the third quarter of 2029. One newbuild vessel is a 182,000 dwt cape, ...
CMA CGM to invest $820m in Kenya's Port of Mombasa France's CMA CGM has agreed to invest Ksh106bn ($820m) to modernise and expand two terminals at the Port of Mombasa under a cooperation framework with the Kenyan government. CMA CGM, which has been present in Kenya since 2005, said the investment will raise cargo-handling capacity, strengthen regional trade corridors, and enhance Kenya's connectivity to global ...
US cracks down on Iran's covert crude pipeline to China The US Treasury Department has designated 12 individuals and entities for their roles facilitating the Islamic Revolutionary Guard Corps' sale and shipment of Iranian oil to China, in the latest wave of sanctions under Washington's Operation Economic Fury. The action, carried out by the Office of Foreign Assets Control under counterterrorism authority, targets a web ...
Bauxite storm brewing for capesizes The seaborne bauxite trade - one of dry bulk shipping's most reliable growth engines over the past five years - is facing pressure from two directions simultaneously: a potential Guinean export cap that could free up dozens of capesize vessels, and a Hormuz-driven supply chain crisis that is forcing Middle Eastern aluminium producers into costly ...
TMC and Allseas team up on commercial deepsea mining system Canada's The Metals Company (TMC) has signed a contract with Swiss-based marine construction specialist Allseas for the development, commissioning, and operation of the first commercial nodule collection system. The agreement was signed in preparation for the commencement of nodule recovery operations in the Clarion Clipperton Zone of the Pacific Ocean. Following the successful 2022 pilot ...
Fire hits California offshore platform amid Trump drilling push A fire broke out early Monday on the non-operational natural gas platform Habitat, located some 13 km offshore from Santa Barbara, during decommissioning operations. The fire ignited around 7 am local time while workers were working on the platform. The US Coast Guard said a gas leak ignited, but platform and emergency crews closed a ...
Panama Canal slot auctions hit record $4m Auction prices for priority Panama Canal transits have climbed to an unprecedented $4m per vessel as geopolitical turmoil in the Middle East reshapes global shipping patterns and sends operators scrambling for alternative routes. The extraordinary fees, paid on top of standard canal tolls, underline how the Panama Canal has become one of the key pressure ...
Geopolitical shocks tighten geared bulker availability The minor bulks panel at last month's Geneva Dry 2026 turned into a broader debate on how shifting commodity flows, geopolitical disruption and tightening vessel supply are reshaping the geared dry bulk market. The session - the third discussion of day two - focused on what is driving global minor bulk exports, the relatively modest ...
Shipping faces decade-defining split as geopolitics, overcapacity and decarbonisation collide The global shipping industry is entering one of its most uneven periods in decades, according to the latest Shipping Market Review from Danish Ship Finance, with geopolitics, ageing fleets, environmental regulation and slowing globalisation reshaping virtually every major sector. The May 2026 edition paints a picture of an industry increasingly divided between winners and losers. ...
Economou tied to VLGC newbuild slots in South Korea Greek shipowner TMS Cardiff Gas is being linked to an order for two dual-fuel very large gas carriers (VLGCs) at South Korea's HD Hyundai Heavy Industries as owner George Economou continues to expand his gas shipping portfolio. The vessels form part of a contract announced on Friday by HD Korea Shipbuilding & Offshore Engineering for ...
Knutsen stacks LNG orderbook higher with Hanwha Ocean deal Norwegian shipowner Knutsen Group is being linked to another LNG carrier order at South Korea's Hanwha Ocean, further expanding one of the industry's largest long-term backed LNG orderbooks. The South Korean shipbuilder said on Monday it had secured a contract worth KRW363.2bn ($250.3m) for one LNG carrier from a "shipping company in Europe". Market sources ...
Dolphin Drilling firms up $150m semisub deal with Harbour Energy Norwegian offshore rig owner Dolphin Drilling has secured a new long-term contract with Harbour Energy for the semisubmersible drilling rig Paul B Loyd Jr in the UK sector of the North Sea. The contract will begin immediately after the expiry of the rig's current firm term and follows the letter of intent announced in April. ...
NextGeo wins Central Mediterranean deal Italy's Next Geosolutions (NextGeo) has secured a new contract worth about €10m ($11.8m) for survey work tied to a subsea energy infrastructure project in the Central Mediterranean. The Milan-listed offshore survey specialist, part of the Naples-based Marnavi Group, said the award came from an international client operating in the subsea power cable sector. The project ...
US prosecutors charge Synergy Marine for alleged role in Dali disaster The US Justice Department has brought criminal charges against Synergy, the third-party manager of the containership Dali, and a company...
VOYWAR 1993 gives charterers 'implied obligation' to nominate alternative discharge port LMAA award has implications for Hormuz crisis, NorthStandard warns
Qatar orders ships to go dark as owners bed in for sustained Hormuz conflict QatarEnergy has ordered all ships entering Ras Laffan, the world's biggest LNG export hub, to switch off AIS tracking, sharply...
Simandou ships record volume of iron ore Simandou's long-awaited ramp-up is finally taking shape, with record April shipments feeding China's swelling iron ore inventories. The shift that...
China's demand for long-haul energy shipping will decrease, Danish Ship Finance says The change in China's shipping pattern is expected to continue as Beijing seeks to replace fossil fuels with a mix...
Vessel shortages continue to limit boxship chartering activity Larger vessel segments have seen renewed strength, driven by a number of sublets at high rates, while operators are increasingly...
Demand rebound and Hormuz gridlock fuel container rate hikes Freight rates are climbing but Hapag-Lloyd says the Hormuz crisis won't be a repeat of coronavirus-era windfalls
Middle East port update: Tuesday, May 12 In Iraq, Basrah Oil Terminal and SPM Somo Terminal have ceased export operations
Firm LPG shipping costs to have lasting impacts on Asian importers The Hormuz crisis is set to cast long-term impacts on Asian buyers with demand destruction touted as a possible outcome...
Sweden brings seized cargoship into port Containership Caffa was boarded by Swedish forces in March after the coastguard identified it being a falsely flagged vessel
The Daily View: Willing to pay more?
US targets IRGC oil network in fresh sanctions as Trump calls Iran ceasefire 'on life support' US ramps up sanctions on IRGC oil network as Iran talks collapse and Trump seeks Beijing's help ahead of China...
Daily Briefing Hengli Heavy rides out sanctions scare to hit $20bn valuation | Industry concerns grow that freedom of navigation is now...
Hormuz closure just the latest 'weaponization' of maritime chokepoints The closure of the Strait of Hormuz is the most recent example of how maritime chokepoints can be leveraged as a useful political tool, forcing global supply chains to adapt to a more complex geopolitical landscape, writes Lars Jensen.
Asia-Europe air cargo rates remain elevated as Gulf tensions escalate With demand on the corridor continuing to outstrip available capacity constrained by the Middle East war, any resumption of hostilities would keep upwards pressure on rates.
AI throwing wrench into arbitrage machine for forwarding labor Forwarding costs are being upended by AI-enabled automation, forcing companies to decide what coordination and administrative work needs to be done at origin versus destination.
Surging Asia vehicle exports, high/heavy rebound buoy carrier operators Strong demand for roll-on/roll-off cargoes is expected to continue through 2026 as China enjoys "exceptional" export growth.
Trump's 10% global tariffs are still firmly in place as appeals court halts judges' ruling Lower court had ruled that president exceeded authority with global tariffs
Second Qatari LNG cargo emerges en route to Pakistan after 'dark' Hormuz passage Qatar ordering LNG carrier to turn off AIS systems for safety reasons
Meet the new chief executive who's bringing rapid change to ABS World's largest classification society has sealed two acquisitions and a major training partnership in the first few months of John McDonald's tenure
American Steel: Finding the missing ingredient for a US shipbuilding renaissance In this week's American Steel newsletter, we hear from participants at last week's TradeWinds Shipowners Forum USA as they explore ways to revitalise this country's yards. We also report on MARAD's search for nuclear propulsion solutions, Federal Maritime Commission chairman Laura DiBella's takeaways from the recent International Maritime Organization talks on the Net-Zero Framework and Overseas S
Container ship manager charged over Baltimore bridge disaster Singapore's Synergy Marine and shoreside superintendent face criminal charges over 2024 disaster
Tankers rush back to Red Sea as owners seek to avoid Strait of Hormuz risks Sentosa Ship Brokers believes security risk is viewed as acceptable for non-US, Israel and UK ships
Containership manager charged over Baltimore bridge disaster Singapore's Synergy Marine and shoreside superintendent face criminal charges over 2024 disaster
Venture Global expects to be loading over 90 LNG carriers per month by 2029 Company set to be largest US LNG producer by end of next year, CEO says, producing over 100 mtpa by decade end
Container freight rates to Middle East get boost from Strait of Hormuz closure Drewry's world container index jumps 20% week on week, while intra-Asia index leaps 50% in same time frame
Genco hits back against John Wobensmith pay attack in Diana M&A battle New York company lays out its view of 'myths and facts' as relentless proxy exchanges continue
Tanker market at 'optimal' disruption level as premiums may not keep up with rates Implied VLCC resale value outpacing even surging valuations
Strong suezmax performance boosts SFL bottom line in latest quarter Shipowner declares 89th consecutive quarterly dividend
Chinese energy plans to shake up shipping, warns Danish Ship Finance Report warns of structural change in trade patterns
Asyad Shipping bulker fleet expansion plan not over yet Omani owner ramps up its bulker investments and does not plan to stop as war adds to strategic importance
Greece confirms Ukrainian origin of armed sea drone loitering in Ionian Sea Unmanned surface vehicle packed with explosives had been retrieved by Greek fishermen in a cave
Greek ship embroiled in Brazil cocaine bust Crew alerted authorities to suspicious activity around vessel
Taiwan in talks with Iran to rescue eight container ships trapped in Middle East All 175 crew members on board are safe, official reports
Trafigura revealed as buyer of Hengli-built VLCC resale for top-dollar price Another Hengli tanker newbuilding deal switch-around starts to emerge
Shipping mourns loss of capital markets pioneer Michael Hudner at 79 Real estate entrepreneur turned shipping tycoon saw triumph and tragedy in a career spanning tankers and bulkers
Strong suezmax performance boosts SFL bottom line in latest quarter Shipowner declares 89th consecutive quarterly dividend
Former Economou and Pittas execs seal new funding for Greek tech start-up NeptuneZero promises AI solutions to boost vessel efficiency and cut bills
Aramco to expand Red Sea tanker loading capacity amid Strait of Hormuz blockade Boss Amin Nasser says more crude will be shipped through Yanbu, with Gulf exports still halted
Macquarie opens Oslo office in bid to expand $2.5bn shipping business Frithiof Wilhelmsen will lead Macquarie Shipping Finance's expansion in the Nordic region
Titan Clean Fuels charters in Somtralux LNG bunker vessel newbuilding Titan director Niels den Nijs makes the case for LNG as a marine fuel
John Coustas-led Danaos buys stake in shareholder of Evangelos Marinakis LNG firm Major container ship player also clinches resale deals for an extra pair of boxship newbuildings due next year
Middle East ceasefire threatened as US rejects Iran peace offer New sanctions imposed on companies behind Iranian oil exports
John Coustas-led Danaos acquires stake in shareholder of Marinakis LNG firm Major container ship player also clinches resale deals for an extra pair of boxship newbuildings due next year
Petronas inks 20-year time charters with MISC Group on LNG newbuilding quintet Deals sealed on Chinese-built ships contracted earlier this year
China detaining Panama-flagged ships at 'unprecedented' rates amid Canal row Sharp acceleration is believed to be linked to stripping Hong Kong group of terminals concession
Heavy shelling forces tankers to flee key Libyan port Exports halted from 8 May, but operations resumed on Monday
Canadian fund takes stake in Ismini Panagiotidi bulker firm Icon Canada's Hampton Financial makes its first investment in shipping
Sanctioned LNG carrier in limbo as India rejects Russian gas Talks continue on permitted cargoes despite Middle East shortfall
Safe Bulkers moves into capesizes with fresh batch of newbuildings in Japan Polys Hajioannou extends his rolling fleet renewal programme by three kamsarmaxes and one capesize
International Seaways brings in investment banks for potential share sales worth $200m Deals will be done with BTIG, B Riley, Clarksons and Fearnley Securities as sales agents
Japanese giant NYK pivots 2026 investment strategy towards gas carriers and tankers Company allocates nearly half its $10bn investment target towards LNG carriers and other forms of energy shipping
George Economou splurges $242m on VLGC newbuildings at South Korean yard HD Hyundai Heavy is scheduled to deliver the dual-fuel ships to TMS Cardiff Gas by March 2029
CVSA Roadcheck and enforcement is crucial to national security Right now, as you read this, thousands of CVSA-certified inspectors across North America are pulling commercial motor vehicles into weigh stations, pop-up checkpoints and roadside inspection sites as part of International Roadcheck 2026. For 72 hours, from May 12 through 14, roughly 15 trucks per minute will undergo the 37-step Level I inspection, the most comprehensive roadside evaluation in the
BMO's transportation group, huge lender to trucking, is being sold The transportation lending business of Canada's BMO is being sold to a private equity company with the bank retaining a minority stake. Stonepeak, which already is heavily involved in logistics through, among other assets, its ownership of chassis provider Trac Intermodal , said Monday it was acquiring the unit, along with BMO's vendor finance business. The sale will bring an end to BMO's (NYSE:
U.S. charges ship operators in fatal Baltimore bridge collapse A Singapore-based ship operator and senior employee will face criminal charges in the 2024 collapse of the Francis Scott Key Bridge in Baltimore that killed six people, the Justice Department said Tuesday, for decisions that led to the disaster and covering up events later. Power aboard the container ship Dali failed twice as it left the Port of Baltimore for Sri Lanka at 1:30 a.m. on March 24, 2
Amazon cranks up 30-minute delivery in major U.S. cities Amazon customers in dozens of U.S. cities will be able to get orders delivered in 30 minutes or less as the Amazon Now service expands from a limited pilot phase to a wide-scale commercial offering, the company announced on Tuesday. Amazon ( NASDAQ: AMZN ) last year began testing ultra-fast delivery in parts of Seattle and Philadelphia and currently offers it in nine countries, including the Unit
Eyeing growth, chassis provider CCM appoints new SVP-General Counsel Intermodal chassis provider Consolidated Chassis Management announced that Tara Pellicori has joined the company as senior vice president and general counsel, the latter a new position. In a release, Rockaway, N.J.-based CCM said Pellicori will partner closely with leadership to oversee all legal, regulatory, and compliance matters, supporting growth and operations across the intermodal ecosystem
The fraudsters are collaborating. It's time the good guys did too Fraudsters are sharing warehouses, swapping drivers, and coordinating across networks. The people trying to stop them are still working alone. That's the gap Dale Prax has spent years trying to close. Prax is the founder, president, and CEO of Collaborative Rating Systems (more widely known as FreightValidate.com) and a strategic fraud advisor and advocate at Truckstop.com . Prax joined Malcolm H
Top 10 ocean forwarder opens new U.S. headquarters LX Pantos Americas launched the official opening of its new Americas regional headquarters at the Glenpointe Center in Teaneck, New Jersey. The company, which serves North and South America, is the Americas regional organization of Seoul-based LX Pantos, South Korea's leading global logistics company. Pantos ranked in the top 10 of global ocean forwarders in 2025 with volume of 1.569 million twen
Tiny move in benchmark diesel as futures prices start to shift higher The benchmark price used for most fuel surcharges fell this week by the smallest increment possible, with the broader market showing signs that a recent slide is beginning to be overtaken by tightening market fundamentals. The Department of Energy/Energy Information Administration average weekly retail diesel price declined 0.1 cents/gallon to $5.639/g, effective Monday and published Tuesday. The
Hub Group's accounting error causes further reporting delays Hub Group said Tuesday that it will delay financial reporting for the 2026 first quarter due to a previously disclosed accounting error. It said it will also restate results for 2023 and 2024, in addition to a prior plan to restate numbers for the first three quarters of 2025. In February, the company flagged a $77 million understatement of purchased transportation expenses for the first three qu
The DOJ may finally understand what modern cargo theft really looks like The transportation industry has spent years asking for more federal attention on cargo theft and freight fraud. A newly released letter tied to Department of Justice funding shows that conversation may finally be getting more attention in Washington. View the full DOJ implementation letter here. The document focuses on how the DOJ plans to address organized cargo theft groups that rely on fraud,
Autonomous truck gold rush or California dreaming? There's already been much written and said about the recent changes to California's DMV regulations and what they mean for autonomous trucking. To summarize, the rules were released April 28 and cover both light- and heavy-duty vehicles. This is a notable shift. California has long been a leader in autonomous driving for robotaxis but has lagged in heavy-duty autonomous trucking. Many companies b
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