Mass Maritime names William Sabatini executive director/senior captain of SSV Ernestina-Morrissey Massachusetts Maritime Academy (MMA) has appointed Captain William Sabatini as the new executive director/senior captain of the academy's historic 1894 schooner, the SSV Ernestina-Morrissey. In this newly defined position, Sabatini will be
Master Boat launches Intrepid, fourth of eight tugs for Maritime Partners Coden, Ala. -based Master Boat Builders Inc. reports that it has successful launched Intrepid, the fourth of eight tugboats being built for Maritime Partners LLC. With half of the vessels in the
WCI elects Lee Nelson as its new chairman Lee Nelson, president & CEO of Upper River Services in St. Paul, Minn., has been elected chairman of the board of Waterways Council Inc. (WCI). He will serve as chair for two
$100M Port Alpha Syncrolift will be the world's largest shiplift Saronic Technologies has awarded Syncrolift AS, a wholly owned subsidiary of Nekkar ASA, a contract to design and supply what will be the world's largest shiplift for Port Alpha, the company's next
Bourbon takes delivery of the first of two new next-gen 34-meter crewboats Marseille, France-headquartered offshore services major Bourbon has taken delivery of the first of two new 34-meter Surfer 341 series crewboats from Grandweld Shipyards, Dubai. They represent a new milestone in the renewal
DSV and Google Cloud partner on sustainable aviation fuel DSV has entered into a collaboration with Google Cloud to support the use of sustainable aviation fuel (SAF) in air freight operations, with the agreement covering up to 9.7 million litres of fuel and targeting a reduction of 25,000 tonnes of lifecycle greenhouse gas emissions compared with conventional jet fuel. The initiative focuses on a key air freight route used for Google Cloud shipments an
Euroports Rauma adopts Portchain Connect to improve berth planning Euroports' container terminal at the Port of Rauma in Finland is joining the Portchain Connect network to improve berth planning and coordination with shipping lines. The terminal will use the digital platform to exchange vessel schedules and operational information directly with carriers. The system will also allow both sides to agree on berthing arrangements through a shared digital process. Th
Explainer: Ethanol against China's shipbuilding dominance? America cannot outbuild China's shipyards. It may not need to, if it learns to fuel the ships China builds
HHLA container throughput falls 7.3% as automation challenges weigh on earnings Hamburger Hafen und Logistik AG (HHLA) reported a 7.3% decline in container throughput during the first nine months of 2026, as terminal automation projects and operational disruptions affected performance at its Hamburg facilities. Total container throughput fell to 4.45 million TEUs, compared with 4.80 million TEUs in the same period last year. Meanwhile, container transport volumes increased s
MSC raises December FAK rates to Mediterranean and Black Sea MSC has announced higher Freight All Kinds (FAK) rates for shipments from the Far East to the Mediterranean, North Africa and the Black Sea, effective from 1 December 2026, while maintaining its existing rates to Northern Europe. The new tariffs will remain in effect until further notice, but no later than 14 December 2026. They cover shipments from all Far East ports, including Japan, South Kore
Konecranes secures mobile harbor crane order for Peru's Port of Matarani Konecranes has received an order from Terminal Internacional del Sur (Tisur) for a new mobile harbor crane at the Port of Matarani in southern Peru. The order marks the company's first sale of a factory-new mobile harbor crane in Peru. The agreement covers one Konecranes Gottwald ESP.6 Mobile Harbor Crane. It was recorded in the third quarter of 2026, while the equipment is expected to enter oper
GEODIS launches new rail freight connection between Italy and France GEODIS has launched a new rail freight service connecting Vicenza in northern Italy with Noisy-le-Sec, near Paris. The new route expands the company's European intermodal network and provides another transport option for businesses in Italy's Veneto region. The first train departed on 19 October 2026, marking the start of the service operated by Captrain and Hexafret. Both companies belong to Rai
Klaipeda Port launches tender for Southern Port area The Klaipeda State Seaport Authority has launched a tender to select future tenants for a new 100-hectare area in the southern part of the port, in a project worth more than EUR 1 billion. The aim is to attract strategic investors who will join the Authority from the outset to develop and deliver the project, which is intended for cargo handling and maritime industry activities. Transport and Com
Wallem appoints Apostolos Poulovassilis to lead Greek expansion Wallem Group has appointed Apostolos Poulovassilis as General Manager, Ship Management, Greece, as the company moves to expand its ship management business in the Greek market. The appointment takes effect in November 2026 and forms part of Wallem's strategy to strengthen its relationships with Greek shipowners and develop its regional operations. In the newly established role, Poulovassilis will
Xiamen Port launches green methanol bunkering with OOCL WISDOM Xiamen Port in China has completed its first ship-to-ship green methanol bunkering operation, supplying 1,005 tonnes of the alternative marine fuel to OOCL WISDOM, one of the world's largest methanol dual-fuel container vessels. The operation took place on 4 November at Xiamen Yuanhai Container Terminal, marking the first green methanol ship-to-ship bunkering operation in China's Fujian province
MSC CEO Søren Toft highlights stronger growth despite global uncertainty MSC Mediterranean Shipping Company has recorded stronger growth since the spring of 2026, particularly on trades originating in Asia, according to CEO Søren Toft, who outlined the carrier's performance, ongoing investments and operational challenges as the year approaches its end. In a business update shared on LinkedIn following the third quarter, Toft described 2026 as a year marked by contrast
Explainer: Opening the corridor, or joining it? South Korea's new Arctic hub idea widens the circle of Northern Sea Route users. It does not yet change who controls the route
ICTSI reports throughput increase and net income growth International Container Terminal Services, Inc. reported double-digit growth in volumes, revenues and earnings for the first nine months of 2026. Consolidated volume reached 12,114,429 TEUs in the nine months, up 13% from 10,687,128 TEUs. Third-quarter throughput was 8% higher at 3,998,671 TEUs against 3,698,053 TEUs. Revenue from port operations rose 24% to US$ 2.90 billion from US$ 2.34 billion
HMM operating profit surges 370% in third quarter South Korean container shipping company HMM reported a sharp increase in earnings for the third quarter of 2026, with operating profit rising 370% year-on-year amid improvements in operational efficiency and profitability across its shipping businesses. The carrier recorded consolidated revenue of KRW 4.13 trillion during the quarter, up 52% from KRW 2.71 trillion in the corresponding period of 2
Hapag-Lloyd nearly doubles Q3 EBITDA and raises 2026 outlook Hapag-Lloyd reported a sharp improvement in third-quarter earnings in 2026, supported by higher freight rates and strong vessel utilisation, while upgrading its full-year earnings outlook amid continued favourable market conditions. The German container shipping company recorded Group EBITDA of US$1.73 billion in the third quarter, nearly double the US$866 million reported in the same period last
How geopolitics is driving container ship orders at chinese yards The global container ship orderbook is approaching 16 million teu. There is roughly 46.5% of the fleet now in service, the highest ratio since 2009, and deliveries are already booked into 2030 and 2031
Agility Global reports revenue growth as logistics businesses expand Agility Global reported a 22% increase in revenue for the third quarter of 2026, supported by growth across its aviation services, fuel logistics and industrial real estate operations. The Abu Dhabi-listed logistics group generated revenue of US$1.60 billion, compared with US$1.31 billion in the same period last year. However, EBITDA declined 3% to US$208 million, while EBIT decreased slightly to
DHL Express invests €55 million in new Stockholm gateway DHL Express has begun construction of a new international logistics gateway near Stockholm Arlanda Airport in Sweden, as part of a wider investment programme to strengthen its Nordic and Baltic network. The project, developed in partnership with Slättö through its logistics and light industrial platform Evolv, represents a total investment of more than €55 million. The facility is scheduled to be
VIACHAIN and Star Solutions expand onboard connectivity for smart containers VIACHAIN, an ORBCOMM company, and Star Solutions have formalized a strategic alliance to expand onboard connectivity for smart containers, strengthening cargo monitoring capabilities during ocean voyages. The partnership combines Star Solutions' private 4G/LTE networks with VIACHAIN's connected container technology and CrewView application. The integration will allow compatible containers to exch
DH Shipbuilding reports strong nine-month profit growth South Korea's DH Shipbuilding reported strong financial results for the first nine months of 2026, supported by higher-value vessel construction and improved shipyard productivity. The shipbuilder recorded cumulative revenue of KRW 990.4 billion and operating profit of KRW 260.6 billion through September, achieving an operating profit margin of 26.3%. For the third quarter alone, revenue reached
New report identifies Hong Kong's place in world shipping Hong Kong Maritime Week is about to kick off. To celebrate the occasion, Splash today publishes a 48-page magazine on the city's maritime hub credentials. A ship can be ordered at a mainland Chinese yard, owned through a leasing company in Hong Kong, insured in London, crewed through a management operation in Asia and chartered ...
Seanergy lines up four more bulkers in $855m fleet push Greek capesize specialist Seanergy Maritime has added four more vessels worth $264m to its fleet investment programme, taking its total spending commitments to $855m. The Nasdaq-listed owner, led by Stamatis Tsantanis, disclosed the latest acquisitions in its third-quarter update, with the deals covering two newbuildings and two secondhand bulkers, for arrivals between 2027 and 2029. ...
US ethanol industry eyes growing marine fuel market Ethanol could emerge as an alternative marine fuel for the growing fleet of methanol-capable ships, with existing engines and bunkering infrastructure requiring only limited modifications, according to a new industry study. The report, Marine Ethanol: Unlocking the US Opportunity, published by the Maritime Ethanol & Methanol Alliance (MEMA), says the fuel could support more than ...
Chinese shipbuilder wins AHTS order from South American owner Chinese shipbuilder Rainbow Offshore Engineering (ROC), part of Shenzhen-listed Jiangsu Rainbow Heavy Industries, has secured a contract to build an anchor-handling tug supply (AHTS) vessel for an undisclosed South American owner. The vessel will measure 71.95 metres long and 17.2 metres wide, with a bollard pull of 110 tonnes. Designed for deepwater anchor-handling and towing ...
Marine Platforms plans full takeover of former Technip pipelay vessel Nigerian offshore services contractor Marine Platforms is moving towards full ownership of the pipelay and heavy-lift construction vessel Zhong Fei Huan Qiu 1200, formerly known as Global 1200. The company acquired a 51% interest in the vessel in 2025, with Chinese offshore engineering group DS Global retaining the remaining 49%. Marine Platforms now expects to ...
TGS lands seismic contract offshore Namibia Oslo-listed seismic specialist TGS has secured an ocean bottom node contract offshore Namibia from an undisclosed repeat customer. A deepwater crew is scheduled to mobilise in the fourth quarter of 2026, with the survey expected to last approximately 120 days, keeping the crew employed into the second quarter of next year. "We are very pleased ...
Why shipowners might be better off sharing profits than taking on debt Traditional loans demand repayments regardless of freight markets. Earnings-sharing structures offer a different proposition: investors participate in a vessel's fortunes while owners retain control. Captain Vikas Pandey from Shipfinex explains. Ship finance looks healthy on paper. Petrofin Research estimates that the top 40 shipping banks grew their portfolios by 6% in 2025 to $300.6bn, and ...
Brazilian soybean exports smash records Brazilian soybean exports have smashed all previous records, with shipments during the first ten months of 2026 already exceeding the whole of last year's total, providing a significant boost to dry bulk shipping demand, primarily panamaxes and supramaxes. New analysis from Ursa Shipbrokers shows seaborne soybean exports reached 108.4m tonnes between January and October, an ...
NYK charts the great reshuffling of global commodity trades One of the world's largest shipowners has given its take on where it sees the gas, dry bulk, and tanker markets heading in the coming years. The global VLCC fleet will see a significant expansion despite the extraordinary earnings currently being enjoyed by tanker owners, with Japanese shipping giant Nippon Yusen Kaisha (NYK) forecasting the ...
South Pars platform fire forces evacuation of offshore workers A fire at Iran's giant South Pars gas field forced 17 offshore workers to abandon a production platform, triggering a rescue operation in rough seas before the blaze was brought under control. The incident occurred at approximately 7.30 pm local time on November 10 on the SPD14D platform, part of Phase 14 of the South ...
POSCO completes $700m LNG terminal expansion at Gwangyang South Korea's POSCO International has completed a KRW949.2bn ($700m) expansion of its Gwangyang LNG terminal, increasing the country's largest privately operated gas storage complex by 43% and adding infrastructure to accommodate the world's biggest LNG carriers. The second terminal, officially inaugurated this week following 47 months of construction, adds two 200,000 cu m storage tanks ...
EU clears $2.2bn support to revive Belgian offshore wind tender The European Commission has approved a €2.04bn ($2.26bn) state aid scheme for Belgium's first offshore wind farm in the Princess Elisabeth Zone, clearing the way for a new tender after the original process was cancelled last year. The support package will cover the construction and operation of a wind farm with a planned capacity of ...
DOF adds up to $160m in offshore vessel work Norwegian offshore vessel owner DOF has secured a seven-year contract for an unnamed construction support vessel and an extension for the Skandi Constructor, adding between $135m and $160m in potential firm contract value. The Oslo-listed company said the new long-term agreement covers one of its smaller construction support vessels (CSVs), including remotely operated vehicle services. ...
Falklands oil dispute heads for international tribunal ruling The international legal battle over the Sea Lion offshore oil development near the Falkland Islands has moved a step closer to a decision, with the International Tribunal for the Law of the Sea (ITLOS) concluding two days of hearings between Argentina and the United Kingdom. The Hamburg-based tribunal will now deliberate on Argentina's request for ...
Teekay Tankers doubles down on newbuilds with four-ship deal US-listed Teekay Tankers has ordered four more newbuildings in China and South Korea, lifting its tanker construction programme to six ships worth $525.9m. The Kenneth Hvid-led owner has booked two aframax/LR2 tankers at an unnamed Chinese yard and two suezmaxes at a South Korean shipbuilder, with all four vessels scheduled for delivery in 2030. The ...
Shipping's $95bn fossil fuel bonfire The shipping industry has spent an estimated $95bn more on fuel since the Hormuz crisis began. That money could have financed wind propulsion across much of the world's merchant fleet, slashing emissions and reducing exposure to future energy shocks. Gavin Allwright, secretary-general of the International Windship Association (IWSA), writes for Splash today. The maritime shipping ...
Bunker prices plunge 20% Bunker prices have plunged by as much as 20% in less than two weeks as hopes of an easing of the Iran conflict send oil markets tumbling, offering shipowners some relief from what is still expected to be the most expensive year for marine fuel on record. Singapore very low sulphur fuel oil (VLSFO) was ...
Singapore Strait robbery spike sparks fresh security warning A sudden resurgence in robberies aboard merchant ships in the Singapore Strait has prompted regional maritime security authorities to issue an urgent warning, with three vessels boarded in nine days and one seafarer injured. The ReCAAP Information Sharing Centre issued an incident alert yesterday following attacks on two bulk carriers and a tanker between November ...
Okeanis CEO sees rates 'close to the bottom' after 'huge' correction There has been no deterioration of the inefficiencies that support crude tanker rates, maintains Okeanis Eco Tankers chief executive Aristidis...
Baltic Exchange complains Mercuria keeps moving the legal goalposts The final arguments of the three-week High Court trial in London saw the Baltic Exchange express frustration at Mercuria's changes...
The Daily View: Sowing correction seeds
UK sanctions nine vessels in latest barrage The UK says it is the first nation to sanction all 10 of Russia's major oil producers following latest package...
Hormuz tanker traffic hits wartime high as attacks surge Hormuz tanker transits are up, but so are attacks. Tanker traffic through Hormuz is recovering despite a sharp escalation in...
Singapore named World's Leading Maritime City The Asian hub has ranked first in every edition of DNV's biennial report stretching back to 2015
Sinokor tanker hit in Middle East Gulf as Iran makes good on threat The crude oil tanker was hit off the UAE coast only hours after fellow Sinokor-linked tanker Fujairah Energy was struck
Why shipping is asking for regulation for the first time As the IMO again approaches decision time for its beleaguered Net-Zero Framework, shipowners face two choices according to leading shipping...
Costamare Bulkers boosts profits after reshaping dry bulk trading portfolio Results also benefit from improved revenues for own bulkers
Chinese shipowners target national fleet-building deals from Kazakhstan to Sierra Leone Private Chinese shipping companies are moving beyond freight into national fleet-building, financing and maritime capacity partnerships across strategically important Belt...
Long Beach is breaking volume records, but can the boom last? The Port of Long Beach is having a standout year, but how much of that performance is being driven by...
Hapag-Lloyd's Rolf Habben Jansen sees balanced box market in 2027, despite newbuild surge Increased ship recycling and slower sailing speeds could absorb excess capacity, with 3.4m teu of tonnage set to be more...
Adnoc L&S earnings soar as conflict drives shipping windfall Elevated tanker rates have transformed Adnoc L&S's earnings outlook, with shipping profits surging as the same regional conflict weighs on...
Mercuria presses a narrower case against Baltic Exchange The Baltic Exchange 'lost sight of its statutory obligations' by continuing to publish its Saudi-China VLCC freight index after the...
ReCAAP issues alert over Singapore Strait as robberies spike after months of decline ReCAAP has issued a caution over the possibility of further incidents, with the recent rise bucking the year's declining trend
Daily Briefing US push to rehabilitate sanctioned tankers faces gruelling deal-by-deal process | Maersk cyber attack 'connected to' hacking group claims, company...
Evergreen, Wan Hai see Q3 profits more than double first-half results Two of Taiwan's largest ocean carriers also announced they are spending a combined $600 million on orders for new shipping containers.
HMM Q3 revenue, profits at multi-year highs on rate strength The South Korean carrier said the robust performance came as it focused on network expansion and high-yield cargo while navigating geopolitical risks and congestion at Asian load ports.
Hapag-Lloyd CEO calls for new approach to shipping contracts Traditional contracts based on fixed rates for an entire year no longer adequately reflected the volatility of the container market, says Rolf Habben Jansen.
Hapag-Lloyd's Q3 profit surges, but capacity shortage caps growth Yet even with a robust third-quarter performance, CEO Rolf Habben Jansen said a lack of available fleet capacity - particularly on the booming trans-Pacific - meant the carrier was unable to take full advantage of container shipping's bull market.
Hong Kong banks risk missing out on China's next shipping giants Veteran shipbroker warns traditional lenders are failing to keep pace with mainland owners' international ambitions
Spot market correction builds as Vitol and Unipec fix VLCCs at two-month lows Average rates lose 31% in a week but some expect a rebound
Pyxis Tankers sells product tanker that made it through Hormuz in June MR product carrier Pyxis Karteria set to land Greek shipowner a huge profit
Seapeak forges $489m sale-and-leaseback deal for newbuilding duo at South Korean yard Canadian gas carrier owner also signs $391m bridge loan to fund construction until sale
Seapeak flips to $172m quarterly profit on derivatives gains and lack of write-downs Derivatives gains also lift bottom line as revenue holds steady for gas carrier owner
EuroDry logs better-than-expected earnings and taps ATM Aristides Pittas-led bulker owner flips third-quarter results from red to black
Hull underwriters face exposure on Black Sea coasts as Russia continues vessel strikes Maritime security flags risks of armada of ships in territorial waters of Turkey, Bulgaria and Romania
'Industrial visibility': Fincantieri backlog hits record €44.7bn Italian shipbuilder projects profit growth for 2026
UK sanctions $900m LNG carrier quartet in latest Russia crackdown Asian arm of Novatek secured ice-class ships in September from Mitsui OSK Lines
RINA's marine boss bets on practical innovation to steer shipping through regulatory fog New RINA Services chief executive seeks to sustain growth amid shipping's energy transition
Capesize firm Seanergy hikes dividend and boosts fleet after doubling profit CEO Stamatis Tsantanis says he will 'turn to execution' after adding a dozen modern vessels to his fleet
Okeanis boss reveals five tanker deals behind bumper profit Aristidis Alafouzos is still sad about fixing VLCC for a year to Koch at 'just' $90,000 per day
How US ethanol farmers can help maritime decarbonisation Growing interest in ethanol as a marine fuel dovetails with US production capacity surplus as price differences lessen
'We've got their Strait!' Trump dashes hopes of Iran deal In a social media post, president says he is turning his attention to alleged corruption
Hapag-Lloyd chief bullish on closing $4.2bn Zim takeover Completion of takeover now expected in first quarter of 2027, says Rolf Habben Jansen
Norwegian shipowners cry foul over use of $100m emissions tax Country's shortsea fleet is on track to emit 1.5m tonnes of carbon dioxide in 2026
Himalaya Shipping stock slips as analysts tune ratings to match reward Premium pricing prompts cautious view among analysts
India-bound tankers account for one in five Hormuz transits as Russian oil imports plunge Middle East cargoes to India overtake Russian volumes
Large product tanker values show massive rise amid clear uptick in activity Veteran Turkish ship was reported sold at $24.5m
Public tanker owners see M&A currency evaporate as stocks fall from dizzying heights This week's Streetwise looks at how the heady days of tanker owners trading above steel values have at least temporarily come to an end
Mercuria and Baltic trade blows as landmark Strait of Hormuz trial ends Opposing sides make final pitch in battle over tanker freight rates in the early days of the Iran war
Sinokor VLCC evacuated as Strait of Hormuz attacks hit 50 ships in 45 days Tankers get no respite as Iran keeps up rapid pace of strikes and targets drifting vessel
Second Qatari LNG carrier heads for rare Red Sea passage QatarEnergy appears to be ramping up its LNG exports
New Clarksons CFO Niamh Staunton clocks on at shipbroker Appointment of former BP executive was announced in June
Maersk hit by cyber attack amid claim of $5m ransom demand Company data taken using legacy system of recent acquisition
Thenamaris orders first LNG newbuildings in eight years Greek shipowner booked two carriers worth $247m each
Costamare Bulkers poised for expansion as cash pile swells to $142m Greek owner refinances fleet to push out maturities to 2031
Kollakis-led Chartworld tied to first tanker order in three years Athens-based outfit is tied to a pair of LR2 product carriers at Jiangsu New Hangtong
BP forces down VLCC rates from Gulf of Oman on Onassis tanker Brokers say owners would still have 'bitten your arm off' for current rates a year ago
How the Middle East war has exposed dry bulk's need for AI Shipping is one sector where artificial intelligence could bring benefits for millions, says Adrian Beciri
Golar's fourth LNG carrier for $2.5bn FLNG conversion arrives in China Vessel slides in alongside ongoing job number three in industry first
Ernst Russ raises profit forecast as first tankers join the fleet German owner takes delivery of two intermediate vessels as part of diversification strategy
Hapag-Lloyd profit hits $1bn in third quarter as higher freight rates boost results Strong third-quarter provides backbone for carriers recent profit upgrade
Iran claims fresh VLCC strike as Strait of Hormuz attacks hit 50 ships in 45 days Tankers get no respite in the Middle East Gulf, as Tehran keeps up rapid pace of ship strikes
Law firm Stephenson Harwood calls off merger with Taylor Wessing 'Constructive' talks failed to lead to deal
EU Russian LNG imports bill climbs ahead of January ban Campaign group Urgewald urges Europe to 'hold the line' as it marks 50 days to final phase-out
Stainless Tankers logs profit drop with fleet up for sale Tufton Group-backed owner sees continued tightness in chemical carrier sector
HMM profit hits $1.1bn as VLCC rates soar to new highs Container ship earnings also jumped in strong third quarter
Singapore opens bidding for up to two LNG floating storage units Bunker licensees invited to apply, with bio-LNG certification required
ADNOC L&S lifts profit guidance to $4bn on shipping surge Abu Dhabi shipowner expects full-year net profit of around $4bn as charter rates drive third quarter profit up 321%
Capesize bulkers face bauxite test as Guinea quota looms over China boom Export limits could cut fourth-quarter demand
Sunk: superliner United States bows out beneath the waters of the US Gulf Designed to be unsinkable, the ship took a full 10 hours to sink
'Chinese shipowners are more comfortable in Hong Kong than in Singapore' Cosco-linked LNG manager highlights the opportunities and growing pressures facing the maritime hub
What The B-1 Visa Lets A Foreign Truck Driver Legally Do In The United States Foreign truck drivers have become one of the most contested subjects in American freight over the past two years, and most of the heat comes from a basic confusion about what a B-1 visa actually authorizes , because the visa lets a Mexican or Canadian driver do a specific and fairly narrow set of things on US soil, and the moment a driver steps outside that lane the same load that was perfectly l
Mexico truck exports soar 159% as production jumps 130% in October Mexico's heavy-duty truck manufacturing industry posted a sharp rebound in October, with production surging nearly 130% and exports jumping 159% compared with a year earlier, according to new government data. Mexican manufacturers produced 16,375 heavy-duty vehicles during October, a 129.6% increase from 7,131 units in October 2025, according to the National Institute of Statistics and Geography
Hapag-Lloyd profit jumps as stronger freight rates drive guidance upgrade Hapag-Lloyd reported sharply higher third-quarter earnings on Thursday, a day after raising its full-year outlook as robust spot freight rates fueled better-than-expected fourth-quarter trading. The German container shipping company posted third-quarter group profit of $999 million, compared with $172 million a year earlier. Earnings before interest, taxes, depreciation and amortization, or EBITD
Intermodal leads U.S. rail traffic up 6.6% from a year ago Rail traffic among U.S. carriers rose 6.6% in the week ending Nov. 7 compared with the same week a year ago, driven by an 11% increase in intermodal shipments, the Association of American Railroads said. Carloads increased 1.3% from a year earlier. Seven of the 10 commodity groups recorded gains, led by motor vehicles and parts, up 10.4%, and forest products, up 10.1%. Metallic ores and metals fo
Tractor Supply partners with Uber to offer on-demand delivery Tractor Supply Company is teaming up with Uber to give customers another option for fast same-day delivery of digital orders, underscoring the degree to which retailers are embracing quick commerce as table stakes for growing business. Under the collaboration announced Thursday, customers can now shop from nearly 2,500 Tractor Supply ( NASDAQ: TSCO ) stores across the United States using the Uber
Trump threatens to double Mexico tariffs over alleged migrant influx President Donald Trump threatened Thursday to immediately double tariffs on Mexican imports unless Mexico stops migrant caravans traveling toward the U.S. border, raising the prospect of another major disruption to North American trade and cross-border supply chains. The warning, issued in a Truth Social post, comes as Washington and Mexico City negotiate trade issues and potential tariff reducti
BLET ends Wheeling & Lake Erie strike The Brotherhood of Locomotive Engineers and Trainmen said its November 11 strike against Wheeling & Lake Erie Railway was resolved after the railroad agreed to honor contractual protections and stop using managers in place of union conductors. In a statement issued that day, BLET National President Mark L. Wallace said members walked off the job at noon and the dispute was resolved without court
Genesee & Wyoming prepares to split into three rail holding companies Genesee & Wyoming Inc. is planning to separate into three rail holding companies, effective Jan. 1, 2027, a move that will position the regional entities for eventual sale. The companies will continue to be owned by G&W parent Brookfield and GIC. G&W operates more than 100 railroads. The new companies are: Atlantic & Great Lakes Transportation Inc., which will be made up of G&W operations in New
US midterm shift adds trade uncertainty as trans-Pacific ocean freight rates stay elevated The Democratic sweep of both houses of Congress in last week's U.S. midterm elections has introduced new uncertainty for trade and logistics, as container imports slow after an unusually long peak season. The political shift leaves the Trump administration facing competing pressures, says rate platform and SONAR data contributor Freightos (NASDAQ: CRGO ) in an update. Voter concerns over affordab
Diesel 101: Why Truck Stop Diesel Is Still Above $6 a Gallon as Crude Falls SONAR's new sitrep traces diesel from crude to truck stop and explains why prices are holding near record highs, even as Brent drops. Diesel is expensive because refined product supply, not crude, is the bottleneck. Middle East and Russian refinery damage, longer tanker routes and thin U.S. inventories have pushed the diesel crack spread to about three times its early-2026 level. SONAR's truck st
FedEx enhances European road and air networks FedEx Corp. said it has completed projects that improve freight flows through its European road and air networks as the integrated logistics giant implements broader plans to improve profitability in its European division. The company on Monday announced the opening of a new road hub in Alzenau, Germany, to support the movement of freight and bulk shipments across the country and Europe, just in
One of 3 ratings agencies now has XPO as investment-grade LTL carrier XPO is now an investment-grade credit at one of the three major ratings agencies. Fitch Ratings has upgraded its rating on XPO (NYSE: XPO) to BBB-. That is one notch above the cutoff between investment-grade and non-investment grade debt. It comes just a few months after both Moody's (NYSE: MCO) and S&P Global Ratings (NYSE: SPGI) raised their ratings on XPO by one notch, BB+ at S&P G
ITF report ties part of retail's $850B returns to freight Returns are a big and costly ordeal. While a majority of retail focus on getting items to store shelves or doorsteps, what happens afterwards is increasingly becoming a top of mind issue for supply chain executives. To put things in context, consumers were expected to return $849.9 billion in merchandise in 2025, according to the National Retail Federation. The projection, from NRF and Happy Retu
FarEye turns profitable in Q4 as EMEA revenue jumps 51% Delivery management software maker FarEye turned its first quarterly profit in the three months ended March 31, closing a fiscal year in which revenue from Europe, the Middle East and Africa rose 51.17%. The India-based company's annual net loss narrowed to $1.07 million from $5.90 million. Since its $100 million fundraising in 2021 , FarEye has continued to expand its global business. Over the p
New cyber thief gang targets transports; Hunt, Ryder and Echo hit Actions by a relatively new group of cybercriminals that have targeted many transportation companies in turn have led to lawsuits filed by employees of three big names that have gotten caught up in the crook's web. The cyber criminals operate under the name Whitearmor. Ben Wilkens, the director of cybersecurity at the National Motor Freight Traffic Association , said in an email to FreightWaves t
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