Østensjø Rederi OESV is Gondán's largest vessel ever Spanish shipbuilder Astilleros Gondán S.A. has marked a milestone with the launch of the largest vessel ever constructed at its Figueras shipyard: the 120 meter long, 23 meter wide ocean energy support
J.P. Morgan GTG to acquire Atlantic Towing's offshore division The offshore division of J.D. Irving's St. John, New Brunswick, Canada-based Atlantic Towing https://www.marinelog.com/?s=%22Atlantic+Towing%22is being acquired by institutional investors advised by the Global Transportation Group of J.P. Morgan Asset Management (JPM GTG).
Fincantieri floats out Viking Astrea Viking (NYSE: VIK) reports that Fincantieri's Ancona Shipyard has floated out the Viking Astrea. It is the second of Viking's ocean cruise ships to have a hybrid propulsion system based partially on
Konecranes marks AGV milestone at APM Terminals Maasvlakte II Konecranes and APM Terminals Maasvlakte II have marked the handover of the 1,000th Automated Guided Vehicle produced by Konecranes, with APM Terminals Maasvlakte II selected as the destination for the milestone vehicle in recognition of the longstanding collaboration between the two organisations. Representatives from both companies celebrated the occasion at the Rotterdam terminal on September 8
DP World handles record energy vehicle shipment at port of San Antonio DP World has handled the largest single maritime delivery of new energy vehicles to Chile, with 1,918 fully electric and plug-in hybrid BYD vehicles discharged at its multipurpose terminal in San Antonio. The arrival also marked the first call by a BYD car carrier at a Chilean port, with the BYD Changzhou visiting as part of its inaugural South American route. The milestone arrives as Chile's ele
Port of Long Beach records increased cargo growth The Port of Long Beach handled 919,992 TEUs in August 2026, the busiest August on record and the fifth-strongest single month in the port's 115-year history, representing a 2% increase compared to August 2025. The result was announced jointly by Port CEO Dr Noel Hacegaba and Captain Stacey Crecy, commander of US Coast Guard Sector Los Angeles-Long Beach. Imports rose 3.6% to 456,100 TEUs, exports
OOCL launches new South China Laem Chabang service (CHL7) Hong Kong - Ocean carrier Orient Overseas Container Line (OOCL) has announced the upcoming launch of its new South China Laem Chabang Service (CHL7). The dedicated intra-Asia loop is structured to strengthen maritime connectivity and improve schedule reliability for cargo trade between Southern China and Thailand. Service deployment and launch timeline The CHL7 service will officially begin opera
Mundra Port operations resume after 13-day empty container yard strike Empty container yard operations at Mundra Port have resumed after operators called off a 13-day strike that disrupted container movements at India's largest commercial port. According to Indian media reports, the Mundra Empty Container Yards & Allied Services Provider Association (MECYASA) informed stakeholders that operations would resume following negotiations involving industry stakeholders an
CMA CGM invests US$100 million in Beirut container terminal expansion CMA CGM is set to invest US$100 million in the expansion of the container terminal at the Port of Beirut, according to Lebanese media reports. The project officially moved forward on 10 September with the laying of the foundation stone at the Lebanese port. Lebanese Prime Minister Nawaf Salam, CMA CGM Chairman and CEO Rodolphe Saadé and Port of Beirut Chairman and Director General Marwan Naffi at
JAXPORT names Bobby Wein Incoming Chief Commercial Officer The Jacksonville Port Authority (JAXPORT) has appointed 30-year maritime industry veteran Bobby Wein as Incoming Chief Commercial Officer as part of a structured, long-term leadership transition. Wein joined JAXPORT in late August and will work alongside current Chief Commercial Officer Robert Peek, who will continue directing commercial strategy and the Marketing and Sales Department until his p
Engine breakdown delays Amalthea's Lisbon call Hapag-Lloyd has reported a schedule delay for the container vessel Amalthea following a main engine breakdown. The vessel, operating voyage 2636S on the WWA service, is currently undergoing repairs. As a result, its call at Lisbon has been delayed. The latest estimated arrival is 18 September 2026. Hapag-Lloyd noted that the date remains subject to confirmation and will depend on the progress of
White House modifies trade actions on Canadian goods In Presidential Proclamations published on September 8, 2026, the White House announced updated trade measures regarding Canadian imports. The actions modify existing Section 338 tariff lists and establish complete import bans on select product categories. Scope modifications Effective September 15, 2026, Annex I updates modify which Canadian products face Section 338 duties: Added items : Paper
ClassNK updates safety rules for membrane-type hydrogen carriers ClassNK has released Edition 3.1 of its Guidelines for Liquefied Hydrogen Carriers , updating safety requirements for the transport of liquefied hydrogen. The revised guidelines incorporate the Revised Interim Recommendations for Carriage of Liquefied Hydrogen in Bulk , adopted by the IMO in 2026. New requirements for membrane systems The update introduces requirements for liquefied hydrogen carr
How the fall of Mocha ties Bab el-Mandeb to the Hormuz crisis Houthi forces captured the Red Sea port city of Mocha after government-aligned National Resistance units withdrew, ending a decade of government control and pulling Iran-aligned forces to within roughly 50-75 kilometers of the Bab el-Mandeb Strait. Houthis reach Bab el-Mandeb after seizing Mocha port
US container imports hit third-highest monthly level on record US container imports reached 2.60 million TEUs in August 2026 , marking the third-highest monthly volume on record, according to the latest Global Shipping Report from Descartes. Imports increased 3.8% from July and were 3.3% higher than August 2025. The only stronger months on record were May 2022 and July 2025. August imports reach 2.6 million TEUs US ports handled 2,603,709 TEUs of containeris
Houthis reach Bab el-Mandeb after seizing Mocha port Houthi forces have reached the Yemeni town of Dhubab, directly on the Bab el-Mandeb Strait, following their seizure of the strategic Red Sea port city of Mocha. Two Yemeni government sources confirmed the advance to Dhubab on 11 September, according to Reuters. The development brings Houthi forces to a strategically important position overlooking one of the world's most critical shipping chokepoi
K Line names new LNG carrier Toho Emerald Kawasaki Kisen Kaisha (K Line) has held a naming ceremony for its new LNG carrier, Toho Emerald. The ceremony took place at Samsung Heavy Industries' shipyard in South Korea on 9 September 2026. The vessel is owned through a joint venture between K Line and Toho LNG Shipping, a wholly owned subsidiary of Toho Gas. Toho Emerald will transport liquefied natural gas for global customers, including T
Emirates SkyCargo strengthens capacity and connectivity to India Emirates SkyCargo is reinforcing its role in supporting India's export ambitions, operating more than 3,000 tonnes of weekly air cargo capacity across nine gateways and connecting Indian businesses, manufacturers and exporters to markets across the Middle East, Europe, the Americas, Africa and beyond. India handles an estimated 2.2 million tonnes of international air cargo annually, and Emirates
Maersk warns of typhoon-related congestion at East Asian ports Maersk has issued a further update on the impact of the East Asia typhoon season on regional supply chains. The carrier said recurring severe weather is causing congestion at several of the region's busiest ports. The disruption has also reduced the number of vessels arriving on schedule. Maersk advised customers to review their logistics arrangements and identify where they may need additional f
Panama ship-supply activity jumps 26% as containership demand rises Maritime ship-supply activity in Panama increased sharply in July, with 1,431 vessels receiving services during the month. That represents a 26.3% increase compared with 1,133 vessels in July 2025, according to preliminary data from the Panama Maritime Authority (AMP). The authority confirmed the July figures in its latest maritime-services update. Containerships lead demand Containerships repres
Maersk imposes emergency freight rates amid Hormuz disruption Maersk has introduced new emergency freight rates for container cargo affected by disruption around the Strait of Hormuz. The charges apply to cargo loading from or destined for ports in Iraq, Kuwait, Bahrain, Qatar and the United Arab Emirates. They also cover Dammam and Jubail in Saudi Arabia, as well as Oman, excluding Salalah. The Emergency Freight Rate is set at US$1,800 per 20-foot dry cont
Alabama port to participate in proposed rail consolidation The Alabama Port Authority has filed a notice of intent to participate in the Surface Transportation Board's review of the proposed consolidation of Union Pacific and Norfolk Southern. The procedural filing, submitted on September 8, preserves APA's ability to participate as a party of record as proceedings move forward. An initial review by the authority indicates that the proposed merger, as cu
DP World commissions hybrid RTG cranes at Manila South Harbour Strategic partners DP World and Asian Terminals have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry cranes at Manila South Harbour, manufactured by ZPMC. The new cranes bring the terminal's RTG fleet to 29 units and are capable of stacking six containers high, enhancing cargo handling capacity and supporting faster, safer truck turnaround. The hybrid RTGs use technology that reduces
Maersk issues waste and scrap cargo booking guidance Maersk has issued guidance for customers shipping waste and scrap cargo, with particular attention to batteries and electronic waste. The carrier said cargo intended for disposal, recycling or recovery must be booked as waste. Shipments must comply with the Basel Convention, the OECD Decision and waste legislation in every country along the route. This includes transit and transshipment countries
Gulftainer enters Thailand with strategic investment in Suksawat Terminal Gulftainer has signed a binding agreement for a strategic investment in Suksawat Terminal, located south of Bangkok in Samut Prakan on the Chao Phraya River, marking the UAE-based trade infrastructure company's entry into Thailand. The investment represents a further step in Gulftainer's international expansion strategy, which aims to build integrated trade infrastructure across markets with stro
China scales battery-swapping shipping with 89-vessel order China's Hubei province has signed batch construction agreements for 89 battery-swapping bulkers, taking its electric shipping drive from individual demonstration vessels towards series production. The package, unveiled at an inland shipping forum in Wuhan this week, comprises 29 vessels in the 10,000 dwt class, 20 of 5,000 dwt and 40 of 3,000 dwt. All three ...
Asyad doubles down on charter-backed MR newbuilds Oman's Asyad Shipping has returned to HD Hyundai Heavy Industries for two more MR product tanker newbuildings, taking a charter-backed programme launched just two months ago to eight ships. The Muscat-listed owner is paying around OMR39.89m ($103.6m) for the latest pair of 49,999 dwt tankers, with deliveries scheduled for 2029. Both ships already have five-year ...
Wealth Holdings grows MPP pipeline with up to six more newbuilds in China Singapore-based Wealth Holdings has added a third multipurpose newbuilding programme this year, signing for up to six 25,000 dwt ships at China's Hubei Guangji Green Energy Shipbuilding. The deal covers two firm vessels with two separate two-ship options, taking Wealth Holdings' potential MPP newbuilding pipeline across its three programmes to 18 ships. The latest SDARI-designed ...
Flexport beats Peloton's $33.7m FMC claim Flexport has defeated a $33.7m Federal Maritime Commission claim brought by Peloton over detention, demurrage and storage costs accumulated during the pandemic-era supply chain crunch. Administrative law judge Mary Apostolakos Hervey rejected Peloton's amended complaint in full, finding that Flexport had not violated the Shipping Act provisions cited by the exercise equipment group and was ...
Korea Line locks in $31m Zhejiang bulker charter South Korea's Korea Line has secured a new long-term bulker charter with China's Zhejiang Shipping worth an estimated KRW42.08bn ($31.38m). The SM Group-controlled owner will provide one bulk carrier under a contract running nominally from October 25, 2026 to October 25, 2029, according to a regulatory filing in Seoul. The actual charter period can range ...
Splash Wrap: The risk premium Shipping has always made money from risk. This week provided a particularly brutal demonstration of how quickly that risk can be repriced. The Strait of Hormuz dominated again, with the US-Iran conflict descending into an increasingly literal tanker-for-tanker war. Washington attacked Iranian tonnage, Tehran claimed strikes on merchant ships and this week registered the greatest ...
Pirates board ship off Yemen A Greek-managed cargo ship was boarded by suspected pirates off Yemen on Thursday in the latest sign of a sharp revival in piracy across the Gulf of Aden and western Indian Ocean. Initial reports from the Maritime Security Centre Indian Ocean described the incident as a hijacking, but subsequent UK Maritime Trade Operations updates indicate ...
World Shipping Council urges IMO to close lithium battery cargo loophole The World Shipping Council (WSC), liner shipping's lobby group, is pressing governments to close what it describes as a dangerous loophole that allows containers packed with thousands of lithium batteries to move as ordinary cargo without carriers being told of the risk. The issue centres on Special Provision 188 of the International Maritime Dangerous Goods ...
Sumitomo joins Albatross to commercialise floating axis wind turbines Sumitomo Heavy Industries and Albatross Technology have formed a capital and business alliance to speed up the development of floating axis wind turbines (FAWTs), with the partners preparing to move from small-scale testing to a 2MW-class offshore demonstrator. The cooperation will cover turbine design, production, installation, and maintenance, and the partners will also work to ...
Black Sea drifting drone threat surges 208% in six months The threat from drifting drones and unexploded ordnance in the Black Sea has escalated sharply, with discoveries along NATO's eastern coastline jumping 208% in just six months, according to a new assessment from maritime security specialist Ambrey. Ambrey recorded 91 discoveries of unexploded ordnance, unmanned aerial vehicles and unmanned surface vessels across the Black Sea ...
Peterson extends Golden Energy PSV charter Norwegian offshore vessel owner Golden Energy Offshore Services (GEOS) has secured a further well option for the 2015-built Energy Paradise PSV from energy logistics firm Peterson. The vessel is currently operating under the existing well program, which is expected to be completed around mid-October 2026. The newly exercised option will commence immediately as a direct ...
How 9/11 redrew the map of global trade 25 years on from the day the towers fell in New York, Punit Oza provides Splash readers with the big picture on how the aftershocks still move through every port, every charter party, and every sea lane on Earth. On the morning of September 11, 2001, 19 men armed with box cutters brought down two ...
Saipem and Jan de Nul bag work on ExxonMobil's LNG project in Mozambique Italian offshore engineering contractor Saipem, in consortium with Belgian marine contractor Jan De Nul, has signed a letter of intent (LOI) with ExxonMobil for the Rovuma LNG Phase 1 development in Mozambique. The LOI covers limited preliminary engineering, procurement, and other technical services to advance project definition and execution planning, with an initial value of ...
Energy Holdings moves to acquire Ventura Offshore Oslo-listed SED Energy Holdings and Ventura Offshore have signed a letter of intent (LOI) for an all-share combination between the two companies. Energy Holdings will acquire 100% of Ventura Offshore's outstanding shares, with Ventura Offshore shareholders receiving new ordinary shares in Energy Holdings as consideration. Based on the closing price of Energy Holdings' shares on ...
Houthis advance towards Bab al-Mandab with capture of Mokha Yemen's Houthis have seized the strategic Red Sea port city of Mokha, bringing the Iran-backed group to within around 80 km of the Bab al-Mandab Strait. The capture was confirmed by Houthi and Yemeni officials, with pro-government forces withdrawing south towards Dhubab. Mokha's fall gives the Houthis greater control over Yemen's western coastline and potentially ...
Onex linked to record $200m VLCC deal The tanker sale that has dominated market chatter this month has finally taken shape, with Dubai-based trading house Onex DMCC linked to an extraordinary $200m purchase of a near-new VLCC from George Procopiou's Dynacom Tankers. VesselsValue's latest sales register identifies the ship as the 306,000 dwt Pinios, built this year at China's Hengli Heavy Industries. ...
Why VLCC rates just went ballistic and how they could go even higher Spot rates are the priciest in history on every VLCC lane following a stunning surge this week. The market is...
The Daily View: Is it green enough?
Crude tanker transits into Hormuz fall to a trickle as hostilities intensify Hormuz tanker traffic has fallen sharply as escalating US-Iran hostilities prompt operators to delay or avoid transits, threatening regional crude...
80/20 rule kicks in as marine insurers assess Hormuz fallout Most of the world fleet happily trades elsewhere. But Pareto's famous heuristic is making itself felt
Four years of conflict, no big spill: how long can that last? Shipping has so far avoided a major oil spill despite four years of conflict and more than 100 attacks on...
Is alcohol the answer to green shipping? It may depend on the fine print Ethanol producers argue they need compromises and common standards for sufficient green ship fuel to be made. But working out...
Houthis seek to reassure shipping after Mokha seizure, but analysts warn Saudi-linked vessels remain at risk Houthi efforts to reassure shipowners after the seizure of Mokha have done little to ease concerns over the Bab el...
Ship recycling arrivals fall in August as end-of-life vessel sales remain weak Most August arrivals were smaller vessels, including general cargoships and two conventional reefers, but more notable arrivals included two sanctioned...
Southeast Asia's shadow fleet dilemma: when geopolitical caution collides with maritime risk Southeast Asia has become a critical hub for shadow fleet oil trading, but concerns over sanctions politics and relations with...
Cyber attack disrupts operations at Malaysia's Port of Tanjung Pelepas Port of Tanjung Pelepas confirms cybersecurity incident affected operating systems and temporarily halted container terminal operations, before a phased restart...
Tanker ablaze off Oman in latest attacks The strikes capped a week of escalating threats to merchant shipping, with at least nine commercial vessels targeted across the...
Daily Briefing Relentless US demand boosts box rates to late-pandemic levels | Megamax boxships retain their allure despite boom in smaller newbuilds...
Maersk eyes mega $9 billion ordering spree for 42 new ships: report The carrier has a sizeable war chest for fleet expansion, built up over the last several years of healthy earnings and strong freight rates.
US LTL truck pricing climbs 4.5% in August rebound: PPI Higher fuel prices continue to put pressure on LTL and truckload producer price indexes, leading to pricing gains ahead of trucking's peak fall season.
Norfolk Southern expects chassis disruptions to ease next week The railroad has leased 750 chassis that will be deployed to Harrisburg and Charlotte to ensure containers keep moving following recent backlogs in those markets.
Typhoon delays on China container services expected to last into October Four consecutive typhoons created berthing delays lasting up to two weeks across Shanghai, Ningbo-Zhoushan, and Yantian due to terminal closures and ships having to shelter from the storm, Xeneta said in a report.
Domestic intermodal riding market tailwinds to volume growth: analyst But the recent good times for North American intermodal will only continue if the "goldilocks" economic conditions endure despite numerous danger signs lurking, writes Larry Gross.
No end to US freight 'recession' yet, despite rising truck rates Shrinking capacity is pushing freight to fewer motor carriers and raising trucking rates, but data suggests a real freight recovery hasn't begun.
Ocean carriers capitalizing on shift in pricing power: Maersk CEO Changing market dynamics can produce more frequent and extreme swings in freight rates, raising potential average returns for carriers even when oversupply weighs on the market, Vincent Clerc says.
No way to separate Suez transits from around-Africa rates: Xeneta A third of deep-sea traffic that had been diverted since Houthi militant attacks began in late 2023 has now returned to shorter Red Sea voyages, but don't expect that to show up in freight pricing, says the analyst.
Houthis take control of island at the centre of a major shipping chokepoint Mayun Island puts Houthi fighters inside narrowest point of Bab al-Mandeb Strait
Sea influence: White House lobbying by shipping balloons under Trump Federal filings show shipping company lobbyists contacted Trump's executive offices about port fees, shipbuilding revival and the Jones Act
Wavelength podcast: The Gulf crisis could be so much worse Plus, news from the chairman of the closed-door IMO decarbonisation talks
Cosco and Hapag-Lloyd accelerate return to Red Sea as traffic recovers More carriers test the Suez route despite the continuing Houthi threat
Procopiou hunts for new insurance for Russia-linked LNG fleet Company is looking for new service providers before UK sanctions begin in January
South Korean and Chinese container ships reach UK via Northern Sea Route First Korean boxship to pilot Arctic passage due in UK tonight
Petros Panagiotidis reinvents third US-listed spin-off as pure-play LPG firm New Nasdaq shop called AI Okto will take over two small gas carriers from parent Toro Corp
Houthis pledge not to attack international shipping after Red Sea coastal land grab Yemeni group maintains previous threat level against Saudi vessels
Petros Panagiotidis re-invents third US-listed spin-off as pure-play LPG firm New Nasdaq shop called AI Okto will take over two small gas carriers from parent Toro Corp
Russian hunger for LNG tonnage grows as EU ban looms Owners and brokers will need robust due diligence and strong processes for ship sales or risk breaching EU sanctions
Wavelength podcast: The Gulf crisis could be so much worse Plus, news from the chairman of the closed-door IMO decarbonisation talks
A $1m per day VLCC fixture? Clarksons tips seven-figure earnings out of Middle East Gulf With few ships willing to make the perilous journey, rates have surged
Security fears of extremist tie-ups after new piracy effort Boarding of Greek-owned cargo ship highlights resurgence of hijacking
Investment group snaps up majority stake in GasEntec parent South Korean gas infrastructure developer's new owner is targeting growth
Greek owner Aegean ups tanker orderbook as it profitably flips aframax Melissanidis family company reinvests big capital gain to up its game in VLCCs and LR2 tankers
Morten Astrup's credit fund bets on 'attractive' Navios bonds Storm Bond Fund also holds International Seaways, Torm and Performance Shipping
John Fredriksen's SFL secures $750m Hapag-Lloyd deal for six boxships Latest indicator of underlying strength in container ship charter market
Hanwha Ocean claims world first with Singapore's supersize maiden FSRU MOL vessel is designed for 25 years of continuous operation
Nicolas Hajioannou firm Alassia unveils fresh bulker newbuilding batch in Japan Robust markets encourage private Greek owner top replenish his fleet after a string of secondhand sales
Saudi Arabian crude flows hit 30-year low from Middle East crises International Energy Agency says Strait of Hormuz oil flows running at little more than one-third of pre-war levels
Ukraine backs salvage of sanctioned tanker after suspected covert military attack Letter to IMO marks rare comments from Ukraine about environmental impact of stricken shadow fleet ship
Tanker stocks rise after latest Houthi attack hikes threat to Red Sea shipping Frontline and Hafnia climb in Oslo after rebels capture port
Two ships hit off Oman as attacks continue in one of the most destructive weeks of war One ship is reported on fire after multiple strikes on vessels in Strait of Hormuz
Insurer with 1,200 vessels in Gulf books spike in premium income Club says first half of the year has been overshadowed by the conflict in the Middle East
Investment heavyweight EnTrust Global launches new $1.3bn fund Blue Ocean strategy has raised $7.6bn since starting in 2017
Major Gulf tonnage insurer books spike in premium income Club says that 1,200 of its members' vessels are operating in the region
Chevron settles Iran tanker cargo seizure claim with insurers Iranian forces seized cargo from Turkish-operated tanker after Gulf of Oman boarding in 2023
Energy Holdings and Ventura Offshore agree all-share tie-up worth $1bn Ventura takeover could pave way for SED Energy Holdings' launch of US dual listing
Hopes fade as Philippines ferry survivor search enters third day Philippine Coast Guard says it is expanding its search, with 84 people still missing after Wednesday's deadly ropax fire
Houthis seize strategic port, increasing risks to Red Sea shipping Yemeni government forces pull back from port just 80 km from Bab el-Mandeb strait
California, FMCSA argue non-domiciled CDL halt in court The larger issue of federal moves to strip commercial driver's licenses (CDLs) away from a significant chunk of those who hold them under various rules was in the background of a Washington courtroom Friday, as California and the Federal Motor Carrier Safety Administration battled it out over the federal stoppage of the state's ability to grant non-domiciled CDLs and a cutoff of some transportati
DHL augments facility's parcel capacity in northwest Germany DHL Group's domestic Germany delivery unit has officially opened the expansion of its parcel center in Cologne-Eifeltor, bringing the facility's sorting capacity to nearly 50,000 pieces per hour, the company announced Tuesday. DHL said the expansion was necessary to accommodate growing package volumes from businesses and individuals in northwest Germany, where Cologne is a major economic and logi
Volvo Trucks completes rollout of 'lock and leave' software update system Volvo Trucks has completed the North American rollout of a software update system that lets drivers start updates from their trucks and leave while the software installs, allowing updates to run during breaks or other scheduled downtime instead of requiring a service center visit. The feature, called "lock and leave," is now available across the U.S. and Canada. Drivers can start an update during
Shell, FAW test immersion-cooled batteries to improve truck performance Shell and FAW Trucks have developed and tested a battery pack that uses an immersion-cooling system to better manage battery heat, improve vehicle performance and durability, Shell announced. The battery pack uses an electrically insulating fluid that surrounds the battery cells, allowing heat to be transferred away from the cells more effectively during operation. Managing battery temperature is
Spartan Logistics expands warehouse footprint through acquisition Third-party logistics provider Spartan Logistics announced it has acquired Allen Logistics. The deal adds 100,000 square feet of space to Spartan's asset-based network of over 20 dry storage and food-grade warehouses. Financial terms of the transaction were not provided. Spartan Logistics' latest acquisition in Whitehouse, Ohio, gives it seven locations in the Northwest Ohio market and 11 total i
CooperVision contact lens shipment stranded on disabled Amazon cargo jet Contact lens maker CooperVision has a large shipment stranded onboard the Amazon freighter aircraft that ran off the runway on Sunday at Miami International Airport and now rests tilted, and partially damaged in a grassy field as authorities continue to investigate the cause of the accident. It is unclear if any of the product is damaged or if it can be salvaged. During a media briefing Tuesday e
Uber Freight warns tight capacity could fuel Q4 freight rate surge The U.S. freight market is entering the fourth quarter with truck capacity struggling to recover, truckload rates sharply above year-ago levels and shippers facing the possibility of another surge in spot prices if demand accelerates, according to Uber Freight . Uber Freight released its Q3 Market Update & Outlook Report on Thursday, saying truckload conditions have begun to stabilize after two q
DEA seizes over 2,000 pounds of meth in cabbage freight shipment in South Texas Federal agents uncovered more than 2,000 pounds of methamphetamine hidden inside a cabbage shipment in South Texas. DEA's McAllen office announced the seizure Thursday after an investigation in the Rio Grande Valley. Authorities have not disclosed exactly where agents discovered the drugs. Officials also have not identified anyone connected with the load. Investigation brings multiple agencies to
Descartes reports another record-breaking quarter Descartes Systems Group again reported record quarterly results as it continues to see "good demand" amid a global trade landscape that remains in flux. Descartes ( NASDAQ: DSGX ) reported consolidated revenue of $201 million for its fiscal quarter ended July 31, a 12% year-over-year increase and 1% ahead of the consensus estimate. Services revenue was up 13% y/y to $189 million (organic growth i
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