OpenTug and Blessey partner to modernize invoicing and billing Blessey Marine Services Inc. is collaborating with OpenTug to modernize voyage invoicing through OpenTug's BargeOS platform. By implementing BargeOS Invoice Intelligence, Blessey will connect operational and financial workflows to automate invoice processing,
Duffy announces award of $35.1M in Small Shipyard Grants U.S. Transportation Secretary Sean P. Duffy today announced that the Maritime Administration (MARAD) is awarding $35.1 million in Small Shipyard Grants to 45 shipyards in 24 states and the U.S. Virgin Islands.
Lyman-Morse launches solar-electric passenger vessel Firefly Lyman-Morse reports that it has launched Firefly, the first fully electric, lithium-iron-phosphate-battery-powered passenger vessel built to meet U.S. Coast Guard Subchapter T requirements, on August 3, 2026, at the company's shipyard in
DMS to advance U.S. Wärtsilä marine engine manufacturing capabilities Wärtsilä's Defense Maritime Solutions Inc. (DMS) subsidiary has announced plans to invest more than $30 million to expand its operations in Chesapeake, Virginia. The investment is expected to create 32 new jobs
Pacific Forum Line restores normal NZPAC rotation with Capitaine Tupaia return Pacific Forum Line (PFL) will return its NZPAC service to its normal 21-day rotation following the return of Capitaine Tupaia. The carrier said the restored service will provide weekly calls at Apia and fortnightly calls at Pago Pago and Nuku'alofa. Capitaine Tupaia will phase back into the NZPAC service at Lautoka on 28 August 2026. PFL has outlined several temporary schedule changes to support
NORDEN Q2 profit nearly doubles to US$101 million NORDEN reported a sharp increase in second-quarter earnings, supported by a strong tanker market and a turnaround in its dry cargo business. The Danish shipping company recorded a net profit of US$100.8 million in Q2 2026. This compares with US$52 million in the same quarter last year. Following the stronger performance, NORDEN raised the lower end of its full-year profit guidance. Tanker market
Port of Tanjung Pelepas launches Malaysia's first electric prime mover fleet The Port of Tanjung Pelepas (PTP) has commissioned Malaysia's first fleet of electric prime movers as part of its terminal electrification programme. The first 21 electric prime movers entered service on 11 August 2026. They will support horizontal container movements within the terminal. PTP plans to deploy a total of 52 electric prime movers. The remaining 31 units are scheduled to enter servic
CK Hutchison ports revenue rises despite H1 throughput decline CK Hutchison Holdings' Ports and Related Services division reported higher revenue and earnings in the first half of 2026, despite a slight decline in overall container throughput following the cessation of its Panama port operations. The ports division generated revenue of HK$24.52 billion (US$3.1 billion) during the six months ended 30 June, up 4% from HK$23.60 billion in the same period of 202
InfraRed Capital Partners acquires majority stake in Rail Modal Group InfraRed Capital Partners has acquired a majority stake in Rail Modal Group (RMG), a US inland intermodal rail terminal and export logistics platform. The investment was made through one of InfraRed's value-add funds. Financial terms of the transaction were not disclosed. RMG founder and CEO Greg Oberting will retain an investment in the company and continue to lead the business. The transaction
DP World reports revenue growth in first half of 2026 DP World reported first-half 2026 revenue of US$ 12.7 billion, a 13.1% increase year-on-year, as the strength and diversity of its global portfolio helped the company navigate significant disruption to trade flows in the Middle East. Growth across Logistics, Marine Services and international Ports and Terminals helped offset lower activity at Jebel Ali, where regional conflict has temporarily red
Port of Long Beach records slight decline The Port of Long Beach handled 928,508 TEUs in July 2026, marking the second-busiest July on record and the fourth-strongest single month in the port's 115-year history. The result represents a modest 1.7% decline compared to July 2025, announced jointly by Port CEO Dr Noel Hacegaba and Stephen Carmel, Administrator of the US Maritime Administration. Imports were broadly flat, declining 0.1% to 4
Maersk and Viaservice partner on container financing solution in Kenya Maersk has partnered with Viaservice-Ke to offer a digital container financing solution to customers in Kenya. Through the partnership, Maersk customers will gain access to the Viaservice Container Solution (VCS). The digital platform aims to reduce the amount of working capital tied up in container deposits. It also seeks to simplify container-related transactions for freight forwarders and othe
Maersk adds Bonn contingency surcharge as low Rhine levels disrupt barge operations Maersk has introduced a temporary contingency surcharge for container shipments moving via Bonn Inland Terminal as falling water levels on the Rhine disrupt barge operations. Barge operators have informed the carrier that vessels can no longer call at Bonn Inland Terminal due to current low water conditions and rapidly declining river levels. As a result, containers originally scheduled to move t
Yang Ming posts US$230 million profit in H1 2026 Yang Ming Marine Transport Corporation reported an after-tax net profit of NT$7.17 billion (US$230 million) for the first half of 2026, as stronger second-quarter market conditions helped improve the Taiwanese carrier's performance. The company generated consolidated revenue of NT$84.58 billion (US$2.68 billion) during the six-month period, while earnings per share (EPS) reached NT$2.05. Q2 perfo
Hapag-Lloyd introduces US$1,350 low water surcharge for Manaus Hapag-Lloyd will introduce a Low Water Surcharge (LWS) for container shipments to and from Manaus, Brazil, as water levels continue to decline in the Amazon region. The surcharge will take effect for cargo with a tariffing date on or after 12 September 2026. Hapag-Lloyd said the measure follows expectations of a potentially severe dry season in the Western Amazon. US$1,350 per container The Low W
Maersk delivers strong Q2 as revenue jumps 20% and full-year outlook rises Maersk delivered a strong financial performance in the second quarter of 2026, supported by higher container volumes, rising Ocean spot rates and growth across all three of its main businesses. The Danish shipping and logistics group reported revenue of US$15.8 billion in Q2, up 20% from US$13.1 billion in the same period last year. EBITDA increased to US$3.0 billion from US$2.3 billion, while EB
HMM maintains profitability in H1 2026 despite volatile shipping market HMM maintained solid profitability in the first half of 2026 despite higher fuel costs and disruption linked to the Middle East conflicts. The South Korean container carrier reported revenue of KRW 6.121 trillion for H1 2026. Operating profit reached KRW 623 billion, while net profit stood at KRW 765 billion. As a result, HMM recorded an operating margin of 10.2% for the six-month period. In the
Maersk removes Asia-Europe PSS while raising surcharges on North America trades Maersk has announced major changes to its Peak Season Surcharges (PSS) across several long-haul trades. The carrier will remove the PSS from Far East Asia to North Europe and the Mediterranean from 1 September 2026. However, Maersk will raise its PSS from the Indian Subcontinent and Middle East to North America from 15 September. The new charges will reach as high as US$9,800 per container on som
Hapag-Lloyd earnings recover in Q2 as higher rates offset Middle East costs Hapag-Lloyd reported an earnings recovery in the second quarter of 2026, supported by stronger freight rates and higher container volumes. However, disruption in the Middle East created around US$600 million in additional costs during the quarter. The German container shipping company reported Group EBITDA of US$829 million in Q2 2026, slightly above the US$820 million recorded a year earlier. Me
EuroHoldings posts record adjusted quarterly earnings in Q2 2026 EuroHoldings Ltd. reported a sharp increase in revenue and profitability for the second quarter of 2026, supported by higher charter rates and the contribution of its product tanker operations. The Nasdaq-listed shipping company generated net revenues of US$8.6 million during the quarter, up 195% from US$2.9 million in the same period of 2025. Net income reached US$4.3 million, compared with US$0
Maersk adjusts Gulf cargo routings as Middle East disruption continues Maersk has adjusted cargo routings across the Gulf as disruption in the Middle East continues to affect its regional operations. In its latest operational update, the carrier said cargo for Kuwait, Iraq, Qatar, Bahrain and the United Arab Emirates will no longer transship through Jeddah. Instead, these shipments will move through Salalah and Khor Fakkan. Cargo will then travel by landbridge to Sh
DHL Express expands China logistics capacity DHL Express has expanded its logistics infrastructure and air network in China through two significant investments, strengthening its ability to support customers operating in and trading with one of the world's largest manufacturing and consumer markets. The Shenzhen Super Gateway at Shenzhen Bao'an International Airport has been expanded through DHL's largest single investment in mainland China
Maersk introduces new PSS from Far East Asia to India and Nepal Maersk will introduce a Peak Season Surcharge (PSS) on shipments from several Far East Asian markets to India and Nepal. The surcharge will apply to cargo destined for Visakhapatnam and Kattupalli in India, as well as Nepal. For most origins, the PSS will take effect on 26 August 2026. For exports from South Korea, it will apply from 29 August. The surcharge will remain in place until further not
Gulftainer partners with Qwiik to launch digital payments platform Gulftainer has announced a strategic partnership with maritime shipping and logistics technology platform Qwiik to expand its digital customer services. The partnership will introduce a fully digital payment experience across Gulftainer's ports and logistics network. Through the new system, customers and partners will have access to real-time account statements and online payments around the cloc
CMA CGM and MSC update Panama Canal surcharges on US trades CMA CGM and MSC have announced new Panama Canal-related charges for shipments from Asia to the US East Coast and US Gulf. Both updates cover container services transiting the Panama Canal. However, the carriers will apply different rates and effective dates. CMA CGM will apply a Panama Canal Adjustment Factor of US$500 per TEU from 10 September 2026. MSC will revise its Panama Canal Surcharge fro
Freightos Weekly Update: Hormuz hopes dashed; Asia - Europe and transpac ocean rates diverge on extended US peak The Iran-Oman Strait of Hormuz initiative stirred some optimism last week of renewed traffic through the waterway sometime soon. But Iran's recent, escalated, list of demands of the US - including a ban on US vessels, transit fees, and reparations for damage from US strikes - in order to make it happen has mostly dashed the renewed hopes and pushed the situation back to the familiar war time stat
London Thamesport cuts Emergency Fuel Surcharge for August Hutchison London Thamesport has reduced its Emergency Fuel Surcharge (EFS) for import laden containers in August 2026. The surcharge has been lowered to GBP 4.74 per import laden container. London Thamesport introduced the EFS on 1 June 2026 at GBP 5.25 per container. The charge remained at the same level in July. London Thamesport lowers EFS to GBP 4.74 The port said the Emergency Fuel Surcharge
Long Beach appoints new Chief Commercial Officer The Port of Long Beach has appointed Bryan Brandes as Chief Commercial Officer and Managing Director of Commercial Operations, effective August 10. Brandes brings more than 30 years of shipping and ports industry experience to the role, which oversees the port's business services, customer relationships, data technology and business resiliency and security operations across four divisions: Busine
Europe urged to build 1,000 shallow-water ships German inland shipping heavyweight HGK is calling for a government-backed programme to mobilise up to €12.5bn ($14.4bn) of investment in 1,000 new shallow-water-capable vessels across Europe by 2035. The Cologne-based group has urged Berlin to take the lead in setting up a long-term funding framework as exceptionally low water levels on the Rhine slash the ...
Golar presses ahead with fourth FLNG unit Golar LNG has pulled the trigger on a fourth floating LNG unit, ordering another 3.5 mtpa MKII FLNG at China's CIMC Raffles for delivery by the end of 2029. The Nasdaq-listed company has taken a final investment decision on the project, which is expected to cost around $2.45bn. The addition will lift Golar's controlled liquefaction ...
Insurers pull war-risk cover from swathe of Red Sea The marine insurance market is rapidly pulling back from the Red Sea, with several of the world's leading P&I clubs issuing notices cancelling certain war-risk covers across a vast stretch of waters from the Red Sea into the Indian Ocean. NorthStandard, UK P&I Club, The Swedish Club, London P&I and other International Group members have ...
US Gulf of Mexico lease sale rebound falls far short of 2025 record The US Interior Department's third "Big Beautiful Gulf" lease sale generated $82.7m in high bids for 59 blocks in the Gulf of Mexico, a clear rebound from March but still less than a third of the revenue from the first auction last year. Lease Sale BBG3 drew 69 bids from 16 companies, with total bids ...
Black Sea grain trade buckles under maritime war Russia and Ukraine have traded some of the heaviest blows against each other's maritime infrastructure of the four-and-a-half-year war, pushing the Black Sea's grain trade deeper into the firing line. Russia struck the area around Izmail, Ukraine's largest Danube port, overnight Thursday, damaging port infrastructure and starting a fire. The attack came barely 24 hours ...
River shipping's hidden carbon bill comes into view Inland shipping has largely escaped the global emissions scrutiny applied to oceangoing vessels. A new study suggests its carbon footprint is far larger than previously understood. River and canal shipping generates almost a quarter of global shipping's carbon dioxide emissions, according to new research that attempts to quantify a source of maritime pollution that has ...
One more driller restores Saudi offshore fleet as Middle East activity rebounds Following Arabian Drilling, Saudi oil and gas driller ADES has also received resumption notices for all its suspended offshore rigs in Saudi Arabia. The company said that the resumption reflects the sustained strength of offshore market fundamentals, with contracted jackup utilisation already holding around 90% and day rates remaining firm. The resumption of activities in ...
Chrome ore emerges as dry bulk's biggest grower in 2026 Chrome ore has emerged as the fastest-growing dry bulk commodity trade of 2026, as the collapse of South Africa's ferrochrome smelting industry pushes greater volumes of unprocessed ore onto ships bound principally for Asia. Chrome ore is used primarily to make ferrochrome, an alloy of chromium and iron. Ferrochrome is then added to steel to ...
Saipem adds $1.8bn Middle East offshore deal to summer haul Italian energy services contractor Saipem has been awarded an offshore contract in the Middle East with an undisclosed client. Saipem's scope of the contract, valued at approximately $1.8bn, encompasses the engineering, procurement, construction, and installation (EPCI) of offshore and subsea facilities. "The project will leverage Saipem's proven regional track record in delivering pipeline and o
The cost of cleaner shipping may be smaller than we think Putting a meaningful price on maritime emissions could accelerate the switch to lower-GHG fuels without creating the consumer shock many fear, argues Andy Lane from CTI Consultancy. BBC News reported this week that the world's oceans experienced their warmest July on record, according to the EU's Copernicus Climate Change Service. The average sea-surface temperature between ...
Boxship runs aground near Kolkata after steering failure A Singapore-flagged containership ran aground on the Hooghly River after striking an embankment near Diamond Harbour, about 50 km south of Kolkata, in an incident attributed to steering failure and strong currents. The Regional Container Lines (RCL)-owned 13,852 dwt Nawata Bhum was inbound to Syama Prasad Mookerjee Port in Kolkata from Port Klang in Malaysia when ...
China Merchants closes in on Antong control China Merchants Group has renewed its push for control of domestic container shipping and logistics player Antong Holdings, more than a year after an earlier restructuring attempt fell apart. China Merchants Energy Shipping said wholly owned Sinotrans Container Lines has accumulated 632.25m Antong shares, giving the liner a 14.94% stake and making it the company's ...
SK Shipping takes aim at Asia LNG top spot in H-Line tanker swap South Korea's SK Shipping is set to double its LNG carrier fleet to 32 ships under a 28-vessel reshuffle with sister company H-Line Shipping. Private equity owner Hahn & Co said SK Shipping will take 16 LNG carriers and their long-term charters from H-Line in exchange for 12 tankers and associated contracts, along with around ...
DP World unit picks up Transworld's largest boxship India's Transworld Shipping Lines is continuing its boxship sell-down to DP World-controlled Avana Logistek, agreeing to sell the SSL Brahmaputra for $11.4m. The Mumbai-listed owner, formerly known as Shreyas Shipping & Logistics, signed a memorandum of agreement for the vessel on August 7, according to an NSE filing. The 2003-built ship, with capacity of around ...
Splash Singapore: Heidelberg's Willem Vermaat on when the algorithm looks away Willem Vermaat, shipping director at Heidelberg Materials Trading, heads to Splash Singapore next month arguing that better technology will make shipping more transparent, but that the hardest chartering decisions will still come down to human judgement. Greater transparency rather than artificial intelligence itself could prove the most important technological development for shipping over the c
Paradip Port advances 1 MW green hydrogen plant Paradip Port Authority has opened a tender for project management services covering the development of a 1 MW electrolyser-based green hydrogen plant and the procurement of eight hydrogen fuel-cell buses. The Indian port authority has set a tender value of INR21.8m ($250,000) for the consultancy package, which will oversee the hydrogen project and associated vehicle ...
Coal's rebound continues as El Nino bites One of the biggest winners from the El Nino weather pattern is looking to be coal, as predicted, which is...
Reinsurers impose second round of war risk cancellations on P&I clubs Marine mutuals set to put buybacks in place by Sunday
Hapag-Lloyd maintains Zim deal timeline as Q2 earnings improve Strong Asian export growth, recovering US demand and tighter supply-demand conditions have supported higher freight rates
SK Shipping boosts LNG fleet as global energy concerns grow A bigger fleet would help SK Shipping win market share as AI and chip demand lift long-term gas transport needs...
Maersk planning for eventual full return to Suez Canal route as Asian exports keep boxship capacity under pressure Maersk is cautious about releasing capacity from shorter routings too quickly as this would worsen congestion at European ports, with...
Jebel Ali port traffic slump costing DP World $100m per month DP World posted resilient earnings as its global ports and logistics network helped soften the blow of the loss of...
War risk is not for the faint-hearted Simon Lockwood, the head of shipowners at Willis Marine GB, describes the warning signs of inexperience among war insurers
Sanctions snarl salvage effort as Russian insurer surfaces in Oman shadow tanker spill Exclusive: Previously unreported insurance arrangements reveal how sanctions on a Russian insurer have complicated efforts to stabilise the stranded tanker...
Norden raises 2026 guidance as dry cargo recovery and tanker strength lifts Q2 results Norden expects tanker and dry bulk markets to remain supportive through the rest of 2026, underpinned by commodity demand and...
Maersk lifts profit forecast again as Hormuz disruption helps drive earnings Maersk's Ocean business benefited from a 22% rise in average freight rates and consistently high vessel utilisation, while loaded volumes...
Daily Briefing Hormuz crisis supply response loses steam but tanker rates hold firm | Tankers keep moving through Hormuz as diplomacy stalls...
New clean air plan for LA-LB includes funds for EV charging infrastructure The latest initiative is being called an "addendum" to an emissions reduction agreement the Southern California ports and regulators inked late last year.
Hapag-Lloyd hikes full-year profit forecast on sustained ex-Asia demand The carrier's CEO expects solid demand out of Asia to continue through much of the year, putting a floor under rates while congestion at key ports and geopolitical disruption absorb excess capacity.
Panama Canal draft restrictions deal wildcard for US peak season The increasing restrictions are preventing some carriers from maximizing their stowage, but haven't yet deteriorated to the disruption-creating levels seen three years ago.
Carriers face rising uncertainty in Q3 due to tariffs, congestion: HMM The liner was commenting after unveiling mixed financial results, with declines in both second-quarter and half-year net profit despite an increase in revenues.
India restores cabotage waiver for foreign carriers in 'policy stability' push Container transshipping over Indian ports has become more pronounced in recent months as carriers increasingly adjust service networks in response to security risks, disrupted Red Sea/Suez Canal routings, and vessel deployment changes.
Port congestion now a structural part of global supply chains: Maersk CEO The ability of ports and inland infrastructure to absorb growing and increasingly imbalanced trade flows has become the new constraint on industry growth, Vincent Clerc says.
Tehran demands compensation over oil spill tied to Iranian strike Modion Maritime vessel was hit by Iranian strike on 3 August
Euroseas reports surprisingly high earnings as revenue tops expectations New York-listed container ship owner hikes dividend
Seasonality or structural shift? Hapag-Lloyd CEO on latest sharp swing in liner profit Rolf Habben Jansen stops short of declaring a lasting transformation in the industry
Golar LNG lays out 'path' to seven-vessel FLNG fleet Donor vessels have been identified for next-up conversions
US insurer Chubb set for climbdown over Baltimore bridge payout P&I clubs had to pool resources to pay shortfall for $2.25bn Maryland compensation bill
Experts tackle 2,000 square km oil spill from tanker off Oman UK group is coordinating a response as specialists board stricken vessel
VLCC market gets darker: Players squeamish about publicising Middle East spot details Fixture activity is plentiful, but Fearnleys sees no huge increases, suggesting few blockbuster deals
Oldendorff-backed niche lender boosts loan book amid strong shipping interest Maritime & Merchant Bank says new projects will continue to need fresh funds
Major US asset manager hikes cruise and shipping exposure to $4.6bn Geode Capital Management raises its stake in Carnival, Viking, Matson and Scorpio Tankers
'Mad Max' nets and cages shield Russian tankers from drones Security experts believe these defensive measures can make a real difference against Ukrainian attacks
Golar pencils in slot with Seatrium for potential FLNG conversion Company has its eye on further yard slots after greenlighting fourth unit
Vincent Clerc: This structural shift will shape container shipping Maersk boss expects 'benign' freight markets due to constraints in terminal capacity and an imbalance of trade
Evergreen doubles profit as second-quarter momentum builds Taiwanese liner nearly doubles attributable earnings from first-quarter level
Russia's newest LNG shadow ship loads first cargo at Kamchatka FSU Vessel enters shadow fleet after being purchased from Marshall Islands-based company
Time to buy Pelagic Credit before share spike, Fearnley says Analysts see upside as they start coverage of new investment vehicle
Golar signs up with Yantai CIMC Raffles for fourth FLNG conversion Donor vessels acquired for Mark II-type, 3.5-mtpa unit scheduled for end-2029 delivery
Latsis-backed Euroholdings mulling how to expand tanker fleet Aristides Pittas says Greek company's own equity is enough to add maybe one more MR
HD Hyundai chair warns of 'fixation on immediate results' after string of shipyard deaths Five workplace deaths add urgency to call for long-term thinking
Container ship steams head-on into Indian riverbank Footage shows accident in Hooghly River
HD Hyundai chairman warns of 'fixation on immediate results' after string of shipyard deaths Five workplace deaths add urgency to call for long-term thinking
Giant Korean owner HMM sees growing uncertainty as profit falls Net earnings down as owner identifies risks, including port congestion and war
Norden profit grows as operating margins go back to black Bulker owner-operator has upsized its 2026 profit guidance again
Hapag-Lloyd rebounds to profit as stronger rates lift second quarter German carrier reverses first-quarter loss as higher rates offset cost headwinds of $600m
Private equity firm to forge Asia's largest LNG carrier fleet in $700m overhaul Hahn & Co is redrawing the fleets of two shipowning companies
Troim-backed Bruton bullish on Chinese catalyst for VLCC rates Interest income keeps VLCC specialist in the black as first ship hits water
Russia ready to 'inspect and detain' foreign ships, Putin warns President hits back against Western pressure on shadow fleet vessels
Maersk adds $2.5bn to profit forecast as disruption drives demand Boxship behemoth says trade has grown away from the chaotic Middle East region
Private equity firm Hahn & Co sets up $700m overhaul of two shipowners SK Shipping will take over 16 vessels from H-Line and rebrand as part of strategy shift
Tanker owners await payback after the largest-ever oil stocks drawdown Renewed focus on energy security will lead to a massive rebuilding of depleted inventories
Minsheng Financial Leasing orders new VLCCs for Clearlake deals The tankers will be constructed by Jiangsu New Hantong
China Merchants makes its move for control of liner and logistics player Antong Boardroom push could put container and logistics player firmly under shipping giant's wing
Wan Hai profit nearly doubles despite weaker first-half operating earnings Second-quarter rebound combines with major below-the-line swing to lift Taiwanese liner
Why Brunei does not need to become another Singapore The sultanate could gain more by complementing its bigger maritime neighbours
Stamford Shipping to order 10 tankers against Aramco charters Contract with Singaporean owner takes shipyard into new area of business
States sue Trump administration over bid to access 17 million CDL records A coalition of 22 state attorneys general and the state of Pennsylvania filed two lawsuits Thursday seeking to block the Trump administration from obtaining a database containing the personal information of roughly 17 million commercial driver's license holders nationwide. The lawsuits allege that the U.S. Department of Transportation, the Federal Motor Carrier Safety Administration and the Depar
Yang Ming's first-half rebound sets up a volatile second half Yang Ming Marine Transport's first-half 2026 results show a substantial recovery in earnings as tariff-driven front-loading, a stronger early peak season and higher freight rates lifted second-quarter performance. The Taiwan company ( 2609.TW ) nevertheless expects the balance of the year to be shaped by trade-policy uncertainty, geopolitical disruption and the continuing risk of excess vessel su
Top West Coast port sees second-best July on record The Port of Long Beach ran to its second-busiest July on record and the fourth-strongest month in its 115-year history. Long Beach, which with adjoining Port of Los Angeles comprises the top San Pedro Bay import gateway, moved 928,508 twenty foot equivalent units (TEUs) in July, down from 1.7% from July 2025. Imports were essentially flat, off 0.1% to 467,461 TEUs, while exports increased 14.8% t
Volvo Trucks: $60M Saved with OTA Updates [24% Fewer Stops] Volvo Trucks is transforming fleet operations with groundbreaking over-the-air (OTA) software updates. Learn how this technology empowers drivers to initiate updates overnight or during breaks, eliminating downtime. Volvo's Chief Digital Officer Nicole Portello reveals how these updates have already cut unplanned stops by 24% and saved fleets an estimated $60 million in avoided downtime. Discover
Rising Fleet Costs? Data Has Answers Rising maintenance costs are hammering fleets. Join Brad Bournes from Love's Travel Stops as he breaks down the biggest cost pressures today, from surging parts and labor to technician shortages. Discover how leveraging predictive maintenance and smart data tools can transform your fleet operations from a cost center to a strategic advantage. Fleet maintenance costs have climbed 8.6% according to
Spot Rates Split as Tender Rejections Hold Above 13% Tender rejections are stuck near 13.5%, still far above a balanced freight market - but spot rates and volumes are starting to tell a more complicated story. In this SONAR update, we break down why truckload demand softened faster than expected, how intermodal is taking share from long-haul truckload, why short-haul freight still looks firm, and where reefer spot rates are flashing regional press
AI agents can find the load. MapUp helps them determine its profitability AI dispatch agents have gotten good at finding freight. They'll pull from load boards, filter by equipment and radius, and return a ranked list in seconds. What they still struggle to do is tell an operator whether that top-ranked load actually pays. MapUp aims to close that gap with the launch of FuelGuru MCP. The company calls it the first production Model Context Protocol server built for flee
Acertus expands with Fisher Shipping acquisition Finished vehicle transportation provider Acertus announced it has acquired Fisher Shipping. Overland Park, Kansas-based Acertus' automotive logistics platform handles the transportation, storage, maintenance, titling and registration of finished cars and trucks. The deal expands its network of carriers and customers, and its relationships with OEMs and dealers. Financial terms of the transaction
Battle of the briefs: UP-NS fires back at AGs anti-merger letter Union Pacific and Norfolk Southern are bringing out the Dream Team. The railroads reached into academia to gather a quartet of former government anti-trust experts in an effort to refute the latest filing by red state Attorneys General urging regulators to reject the proposed merger that would create the first U.S. transcontinental freight railroad. In a nine-page filing submitted Wednesday to th
FedEx 777 in retro livery lands at Memphis airport renamed for Fred Smith FedEx Corp. landed a Boeing 777 freighter aircraft painted in a retro 1973 color scheme and the Memphis metropolitan region renamed its airport Frederick W. Smith International Airport in honor of FedEx founder Fred Smith, who died in June of last year. Today, FedEx ( NYSE: FDX ) delivers over 18 million packages a day around the world and sorts more than 2.4 million packages daily at its Memphis
Ex Williams-Sonoma exec pleads guilty to $16M warehouse kickback scheme A former Williams-Sonoma Inc. executive on Tuesday pleaded guilty to three counts of fraud for accepting $16.3 million in kickbacks from vendors that supplied equipment for company warehouses in New Jersey and stealing real estate broker commissions. Eric Marsiglia, 52, admitted that over a four-year period ending in about 2022 he conspired to defraud Williams-Sonoma ( NYSE: WSM ), where he serve
Maersk raises 2026 outlook again as earnings surge A.P. Moller-Maersk raised its full-year earnings outlook after second-quarter revenue climbed 20% year over year and EBITDA reached $3.0 billion, as robust Far East export demand, higher spot rates and congestion across key trade lanes lifted results. Revenue rose to $15.8 billion in the second quarter from $13.1 billion a year earlier. EBIT increased to $1.6 billion from $845 million, producing
How NFI Is Operationalizing AI Across the Entire Transportation Management Stack When FreightWaves launched the AI Excellence in Supply Chain Awards , the goal was to cut through the noise of an industry where "AI" has become a marketing buzzword slapped on every press release, and instead spotlight the companies that are leveraging AI in truly revolutionary ways. The awards recognize real deployments and measurable outcomes as opposed to flashy pitches. Entries are judged on
Inside Univar Solutions' Carrier Kickoff FreightWaves Today broadcast live from the Westin in downtown Chattanooga, Tennessee, for Univar Solutions' annual Carrier Kickoff event, where roughly 100 transportation providers and more than 200 attendees gathered alongside Univar Solutions' procurement and operations leadership for a supplier conference built around the fact that relationships, not just rates, win freight when trucks get sc
Continental Tire and myMechanic team up to fix roadside service's phone-call problem A truck loses a tire outside its home terminal, and the fleet's telematics system already knows it. What it doesn't know is which dealer is open, which one has the right tire in stock, or how long it will take someone to answer the phone. That gap, between data and dispatch, is where roadside breakdowns turn into four-hour ordeals and $450 to $750 a day in losses, according to myMechanic data. Co
Uber Freight confirms cyber incident after hackers claim nearly 1 million files A hacker group calling itself Helix claimed it stole nearly one million Uber Freight files. Uber Freight confirmed Wednesday that someone accessed part of its systems and repositories without permission. The company told FreightWaves it identified, contained and remediated the incident. It did not verify Helix's files or identify the information involved. Helix listed Uber Freight on its data-lea
K9 stop on Louisiana's I-12 uncovers 358 kilos of meth in semi-trailer, driver now in ICE custody Livingston Parish deputies stopped an 18-wheeler on Interstate 12 eastbound in Denham Springs, Louisiana. Their investigation uncovered nearly 800 pounds of methamphetamine inside the trailer. Authorities identified the driver as Anton Vitalyevich Rakov, a Russian national. Deputies took Rakov into custody because of his immigration status. The Livingston Parish Sheriff's Office reported that its
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