JNPA interacts with key US-India forum on bilateral trade, maritime collaboration and global connectivity
Daily freight trains on WDFC see nearly 17 pc growth in March
Merchandise exports up in March and fiscal amid fears of war impact
Iran proposes Omani corridor to ease Hormuz maritime blockade
US Customs to launch CAPE tariff refund system on April 20
Procedure to handle export cargo containers off-loaded at foreign ports and subsequently returned to India, in view of disruption in maritime routes due to closure of the Strait of Hormuz - Section 143AA of the Customs Act, 1962
The 8th Shipping Idea Exchange in Chennai sees enthusiastic engagement from the fraternity
Tuticorin Container Terminal handles highest number of OOG units from a single vessel
INDIAN PORTS ASSOCIATION
Reliability issues at key European ports
Strait of Hormuz traffic recovery halted by US blockade: Analysis
More freight trains running on Eastern Dedicated Freight Corridor
India rejects USTR allegations and demands end to Section 301 probe
Wärtsilä 25 ammonia engine gets a power rating increase ärtsilä has increased the power rating of its four-stroke Wärtsilä 25 ammonia engine. As part of the company's ongoing development of ammonia-fueled engine solutions, the upgrade to the Wärtsilä 25 ammonia engine
Fincantieri to build three new Voyager class 4,700-passenger ships for Princess Fincantieri has signed an agreement with Carnival Corporation's Princess Cruises brand covering the construction of three new Voyager-class LNG-fueled cruise ships. The order was formalized at this week's Seatrade Cruise Global event
LD Armateurs unit acquires DP2 MPSV Siddis Mariner LD TravOcean, a subsidiary of the LD Armateurs (LDA Group,) has acquired the 2011-built DP2 multipurpose support vessel Siddis Mariner, which will be renamed TVO Mariner. The acquisition is described as a
Crowley's American Energy transports more than two million cubic meters of LNG to Puerto Rico in first year Crowley has marked one year of operations of American Energy, the first U.S.-flagged liquefied natural gas (LNG) carrier dedicated to serving Puerto Rico. The 1994-built, 130,400 cubic meter LNG carrier was previously
VIDEO: ESG and Gulf County in workforce development partnership Showcasing a strategic workforce development initiative designed to cultivate the next generation of skilled maritime professionals. Panama City, Fla.-based Eastern Shipbuilding Group, in collaboration with Florida's Gulf County and regional partners, recently
VIDEO: Murueta launches Schottel-propelled Mureloil hybrid tanker Spay, Germany-headquartered Schottel has been selected to provide the propulsion package for Bahía Beatriz, an 8,000 DWT hybrid tanker specifically designed for bunkering operations and terminal-to-terminal fuel transport, the vessel was built
U.S. container imports from Asia rise 1.3% in March U.S. container imports from 10 major Asian economies reached 1.67 million TEUs in March. This marks a 1.3% increase year on year, according to Descartes Datamyne data from U.S. Customs and Border Protection. Volumes also rose 7.2% from February. Overall U.S. container imports totaled 2.36 million TEUs. This is a 0.3% decline compared to last year. China remained the largest source of imports, but
Freightos reports Q1 2026 Platform KPIs Freightos Limited, a leading vendor-neutral global freight pricing, booking, and procurement platform, reported preliminary key performance indicators (KPIs) for the first quarter of 2026. The company plans to release full earnings on May 26, 2026. These KPIs reflect platform activity. Freightos continues to focus on scaling its solutions and software offerings, which generate most of its revenue
DSV, Microsoft, United & Phillips 66 unlock 11M gallons of SAF for lower emissions DSV partnered with Microsoft , United Airlines , and Phillips 66 to secure up to 11 million gallons (41.6 million litres) of sustainable aviation fuel (SAF). The deal will cut lifecycle greenhouse gas emissions by about 100,000 tonnes compared to conventional jet fuel. The companies aligned demand, commercial terms, and operations. They aim to scale SAF faster and secure reliable supply. United A
Bunker market stabilizes as prices extend downward correction Since the announcement of the ceasefire in the Middle East on April 8, the global bunker market has entered a phase of temporary stabilization, accompanied by a moderate downward correction. "The market is stabilizing, but downward pressure remains dominant," said Sergey Ivanov, Director, MABUX. By the end of the week, the 380 HSFO index declined by US$ 14.86 , falling from US$ 771.58/MT to US$ 7
Valenciaport supports PORTS 4.0 innovation fund Valenciaport has assisted 62 companies in submitting projects to the PORTS 4.0 capital fund, the innovation financing instrument promoted by Puertos del Estado's TradeTech ecosystem to advance technological development across the logistics and port sector. The support provided by Valenciaport extends beyond companies within its own port ecosystem, encompassing projects addressing challenges acros
Bremerhaven launches green roro shipping corridor The ports of Bremerhaven, Antwerp and Gyeonggi Pyeongtaek in South Korea have issued a joint declaration announcing the initiation of a green shipping corridor for vehicle transport on the Pyeongtaek-Bremerhaven route, with Antwerp as an intermediate call. The declaration was signed during the International Green RoRo Shipping Corridor and Decarbonisation Workshop held at Sail City in Bremerhaven
Port of Corpus Christi records strongest first quarter in its history The Port of Corpus Christi handled 54.5 million tonnes of commodities through the Corpus Christi Ship Channel in the first quarter of 2026, the highest first-quarter volume in the port's history and a 6.1% increase of 3.2 million tonnes over the same period in 2025. The result surpasses the previous record of 54.0 million tonnes set in the fourth quarter of 2024. LNG shipments were the primary gr
How AD Ports converts inland leverage into direct Black Sea coastal presence The most powerful position in any supply chain belongs not to the terminal at the end of the route, but to the node through which all cargo must pass
Port of Long Beach leads North America in cargo volume The Port of Long Beach processed more cargo than any other seaport in North America during both March and the first quarter of 2026, Port CEO Dr. Noel Hacegaba announced at his monthly Supply Chain Insight media briefing. First-quarter throughput reached 2,390,225 TEUs, positioning Long Beach as the continent's busiest container gateway for the period, though volumes were down 5.7% from the same
7 Features to Look for in New Homes Along the Coast of Myrtle Beach Finding the right coastal home can feel challenging for many buyers. Design choices, location differences, and long-term value can create confusion. Buyers may struggle to identify which features truly improve comfort and investment potential. A clear checklist can make this process easier and more focused. Buyers searching for new homes for sale in Myrtle Beach want modern features that support
Maersk expands Brazil footprint Maersk has announced new investments in strategic inland facilities in Rio Grande (RS) and Paranaguá (PR), significantly expanding its logistics network in Southern Brazil. These developments are designed to support rising demand for integrated end-to-end logistics and reinforce Brazil's role in South American trade. Strategic Facility Locations Both sites were selected for their proximity to hig
OOCL launches new China Indonesia Service OOCL has announced the launch of its new China Indonesia Service (CIS1) , aimed at strengthening network coverage and improving schedule reliability between the two markets. Service Details The new service is designed to support the growth of cargo volumes and provide customers with increased flexibility. Commencement Date: April 20, 2026. Port Rotation: Shanghai - Ningbo - Jakarta - Shanghai. By
HMM launches new MA2 service HMM has announced the launch of its new Mediterranean-West Africa Service (MA2) , scheduled to commence in July 2026. This service is a core component of HMM's "hub-and-spoke" strategy, designed to link main east-west trade lanes with emerging African markets. Service Overview Commencement: Second week of July 2026. Cooperation: Operated in partnership with Ocean Network Express (ONE). Vessel Dep
3PL vs In-House Logistics: Which Model Works Best Today? Quick Answer Choosing between third-party logistics and managing operations internally depends on your business size, growth stage, and operational priorities. In-house logistics offers greater control and brand alignment but demands significant capital, staffing, and infrastructure. On the other hand, outsourcing to a logistics partner can enhance scalability, reduce fixed costs, and provide acc
How CMA is remaking the Eastern Mediterranean From Syrian terminals to Lebanese last-mile distribution, the French carrier is assembling an integrated logistics architecture across one of the world's most volatile sub-regions and the strategy looks anything but accidental
Port of Thessaloniki delivers record revenue Thessaloniki Port Authority reported its strongest financial and operational performance on record for fiscal year 2025, with revenue, profitability and container throughput all reaching all-time highs despite an uncertain global supply chain environment. Group revenue reached EUR€107.4 million, an increase of €6.7 million or 6.7% on 2024, driven primarily by an EUR€8 million rise in container te
Eli Glickman to step down as ZIM CEO after nine years ZIM Integrated Shipping Services Ltd. announced that President and Chief Executive Officer Eli Glickman has informed the Board of Directors of his decision to step down. Glickman will remain in his role during a six-month notice period to support an orderly transition and ensure business continuity until a successor is appointed. The Board will begin a formal search for a new CEO in the coming we
Chinese tonnage providers expand fleet with newbuildings A Chinese ship owner, Juhe Wisdom Technology (Zhejiang), is renewing its fleet. On 11 April, Juhe ordered six 4,350 TEU ships at mid-tier yard Taizhou Jianxing Heavy Industry. The price was not disclosed, but currently, similar-sized newbuildings are priced around US$60 million each. A lesser known shipbuilder could possibly offer prices around 20% lower
Pacific Basin drops methanol dual-fuel orders in newbuild rethink Hong Kong-listed Pacific Basin Shipping is tweaking its fleet renewal strategy, scrapping near-term dual-fuel orders in favour of conventional tonnage while keeping optionality for greener ships later in the decade. The dry bulk owner said it has terminated earlier agreements for four 64,000 dwt dual-fuel ultramax newbuildings and replaced them with contracts for four conventionally ...
Advantage Tankers lines up VLCC newbuild brace in China Geneva-based Advantage Tankers has bolstered its newbuilding portfolio, placing fresh VLCC orders in China as it continues to build out its large tanker presence. The Tugrul Tokgoz-led company has contracted Dalian Shipbuilding Industry Co for two 307,000 dwt crude carriers, marking a shift away from its traditional reliance on South Korean yards. The dual-fuel-ready vessels, ...
Transocean lands drillship deal worth $158m Switzerland-based offshore driller Transocean has won a five-well contract in the Eastern Mediterranean Sea for one of its drillships. The 2014-built ultra-deepwater drillship Deepwater Asgard won the contract from an undisclosed operator. The estimated 390-day campaign is expected to commence in the fourth quarter of 2026 and contribute approximately $158m in backlog, excluding additional servic
Geneva broker Lightship reshuffles top team Geneva-based broker Lightship is reshuffling its top team as it looks to support the next phase of growth in the dry bulk market. The company has promoted long-time chief executive Sune Fladberg to vice chairman of the executive board, shifting his focus toward longer-term strategy and business development. At the same time, Lightship has brought ...
Euroseas locks in 60% rate jump for feeder vessel Nasdaq-listed Greek owner Euroseas has locked in a higher-paying charter for one of its feeder ships, underlining continued strength in the smaller boxship segment. The company said its 2007-built, 3,100 teu EM Kea has secured a time charter extension for a minimum of 36 months, with an option to stretch to 38 months, at a ...
Japan shipbuilding slots vanish amid order surge With the large Sea Japan exhibition due to get underway in Tokyo next week, the world's third-largest shipbuilding nation has revealed that, like its East Asian rivals, its drydocks are more or less full up through to the end of the decade. An update from the Japan Ship Exporters' Association (JSEA) shows the nation's yards ...
Marielena Procopiou tanker venture enters suezmax segment with China order Akrotiri Tankers is pushing further into the newbuilding market, branching out into larger crude tonnage. The Athens-based owner, run by Marielena Procopiou and Konstantinos Lampsias, has returned to China's New Times Shipbuilding for fresh orders, according to market sources. Greek brokers say the latest deal includes a 157,000 dwt suezmax newbuild priced at around $82m, ...
AF Gruppen expands offshore arm with Claxton acquisition Norway's AF Gruppen has acquired all shares in UK-based engineering and decom service provider Claxton from Acteon Group for £63.5m ($86m). The deal is being paid in cash from AF Gruppen's liquidity reserves and is expected to close in the second quarter of 2026. The acquisition of Claxton includes a fleet of surface and subsea ...
Vår Energi pushes Barents Sea expansion with $360m project Norwegian oil and gas player Vår Energi has submitted an amended plan for development and operation for the Goliat Gas Export project, which is expected to increase oil production from the Goliat field in the Barents Sea. The project, worth around $360m, will optimise reservoir management following the production of gas from the reserves, which ...
Iran threatens wider blockade Iran escalated its rhetoric on Wednesday, with the commander of its joint military command threatening to extend disruption far beyond the Strait of Hormuz unless Washington lifts its naval blockade of Iranian ports. According to Iranian state media, Ali Abdollahi warned that Tehran would "act with strength to defend its national sovereignty and its interests," ...
UK approves 1.5GW offshore wind farm off Lincolnshire coast GTR4 Limited, a joint venture between Corio and its affiliates, TotalEnergies, and Gulf Energy Development, has secured development consent from the UK authorities for the Outer Dowsing offshore wind farm. The project, located approximately 54 km off the Lincolnshire coast, will comprise up to 100 wind turbine generators, an offshore accommodation platform, up to six ...
Wah Kwong spins off dry bulk arm with 60-ship target Hong Kong owner Wah Kwong Maritime Transport has carved out its dry bulk activities into a standalone unit, launching Wah Kwong Bulk as it looks to scale up in the segment. The new entity will combine shipowning and operating under one roof, formalising a model the group has been building in recent years as it ...
Saipem bags $400m in offshore deals from Aramco Italian energy services contractor Saipem has been awarded two offshore contracts in Saudi Arabia under its existing long-term agreement with Aramco. The first contract covers the engineering, procurement, construction, and installation (EPCI) of one water injection tie-in platform, two water injection wellheads, approximately 5 km of pipeline with diameters of 24 inches and approximately 15 ...
ZIM chief Eli Glickman to step down Israeli liner operator ZIM is preparing for a leadership change, with long-serving chief executive Eli Glickman set to step down. The company said Glickman has informed the board of his decision to leave, but will remain in place for a six-month notice period to support an orderly handover while a successor is identified. The board ...
The end of the Hormuz bargain Wolfgang Lehmacher on how the world needs to learn to live without the 'extreme dependence' on a single sea lane. The world has lived under the Hormuz bargain: extreme dependence on a single sea lane for cheap energy and food. About a quarter of all seaborne oil moves through the Strait of Hormuz. Large shares of ...
Wilhelmsen debuts vessel lifecycle specialist Wilhelmsen Ship Management has launched a dedicated vessel lifecycle company called Cyclus Marine. Covering newbuildings, drydocking, riding crews, retrofits, conversions and recycling, the new company's stated aim is to protect asset value, reduce risk, and support long-term performance. "Cyclus Marine brings together capabilities we already deliver daily, except now we present them in a clearer
Global compensation regime nears for hazardous cargoes Four states have deposited their instruments of ratification of the International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea, 2010 (2010 HNS Convention) this week, bringing the International Maritime Organisation's treaty's entry into force a step closer. The 2010 HNS Convention aims to ensure ...
Iran-linked vessels continue to transit Hormuz despite US blockade The new expanded terms of the blockade suggest the US could target vessels carrying Iranian oil globally
Euroseas clinches 60% higher rate for feeder for next three years Greece-based owner signs long charter extension for 2007-built boxship at $30,000 per day
Pacific Basin axes alternative fuel newbuilds Uncertainty brought about by the failure of the IMO to adopt the Net-Zero Framework last year was cited for the...
Greek shipowners urge world to 'rise to the occasion' with alternative to NZF IMO's existing plan 'not appropriate' and likely to be shot down, according to world's largest national shipowning association
Fincantieri secures big order for LNG-powered cruiseships for Carnival The latest deal brings Carnival's newbuilding backlog to 10 ships, eight of which will be built by Fincantieri group shipyards...
France releases sanctioned tanker after fine paid The owner has committed to obtaining a new flag as soon as possible and has paid a fine for falsely...
US claims right to seize Iran-linked vessels anywhere beyond neutral waters Updated guidance gives US Navy sweeping discretion to intercept almost any industrial cargo bound for Iran
Middle East port update: Thursday, April 16 Salalah and Mina al Fahal ports are now ISPS Level 1
The Daily View: Imminent action
Zim chief executive Glickman to step down amid Hapag-Lloyd takeover Outgoing Zim chief had failed in attempt to buy the company he ran before Hapag-Lloyd's $4.2bn takeover bid won board...
Risk to boxship demand rises 'with every day' Hormuz remains closed The longer the Strait of Hormuz is shuttered, the greater the risk that economic fallout will curb container shipping demand...
Russian LNG heads to India as Hormuz crisis dwindles import options India finds itself in a tough place as it tries to balance geopolitics with energy security as the US refuses...
Hong Kong's Wah Kwong launches bulker unit, targets 60-vessel fleet by 2030 Wah Kwong Maritime Transport transforms itself into a fully fledged owner-operator as shifting global trade routes drive sustained demand for...
Daily Briefing Iran reverts to state-controlled oil sales as war severs shadow trade links | Blockade and expiring Iran waiver pressure oil...
Freight downturn ending as truckload capacity tightens: J.B. Hunt Shippers are no longer clinging to the hope that rate increases were a temporary winter phenomenon due to snowstorms and frigid weather, the company said, noting that a fundamental reset of the market is afoot.
FMC to examine how container lines handle hazmat goods, isotopes The agency said it will begin a non-adjudicatory probe into ocean carrier practices around shipping hazardous and radioactive goods out of the US, with a focus on packaging such shipments.
Rising costs, uneven demand crimping US clothing imports The "K-shaped" US economy has split the outlook for apparel demand, with premium brands performing well while those targeting more cost-conscious consumers struggle.
Surging fuel prices drive protesting European truckers into the streets Transport unions have mobilized members in Ireland, the UK, France, Germany and Italy with the average price of diesel in the EU up 33% since the start of the war in the Middle East.
US threatens dark fleet hunt with pursuit of Iran-linked ships in the Pacific Defence Secretary Pete Hegseth urges other nations to secure Strait of Hormuz
Aliki Paliou deepens Repsol ties with long-term suezmax deals Oil major has now chartered all four suezmaxes the Greek owner has on the water or under construction
Container freight rate rally collapses as war shock fades After a brief six-week spike, rates stall as market reality blunts carriers' pricing power
British financier to face court over sanctions breach John Ormerod is accused of money laundering and sanctions breaches after being designated by UK
Gersemi fund limits tanker and gas carrier exposure as 'headlines' driving volatile market Investor Joakim Hannisdahl awaiting greater clarity on political landscape
Lomarlabs boss lifts the lid on its cleantech portfolio Managing director Stylianos Papageorgiou opens up on AI and cleantech investments
NYK teams with power company to test carbon capture on coal carrier Japanese group to work with HEPCO on demonstration project
Mark O'Neil makes immediate exit as Columbia Group chief executive No reason was given for his abrupt departure
Strait of Hormuz ceasefire hopes bringing 'more rational' tanker rates Fearnleys considers why equities and oil markets appear to reject bleak outlook
LD Armateurs snaps up Norwegian PSV as it bids to double fleet French owner sees acquisition as key to offering complete offshore shipping services
How Nasdaq listing supercharged Singapore bunker supplier's bold ambitions Uni-Fuels has opened four global offices since listing on the Nasdaq in January 2025
Owners urged to use new sale-and-purchase form amid sanctions and green fuel revisions Saleform 2025 was launched in February
Greek owners urge IMO to rethink net zero plan ahead of crucial meeting Draft framework 'not an appropriate solution', says the body representing the world's largest cross-trading fleet
The cash gap that banks won't fill - and how two shipping veterans plugged it Having first sat together at the M&A negotiating table, two men formed a unique lending vehicle to plug a finance need for shipowners
Trafigura strikes $1bn deal to lift Gabon crude cargoes Chartering and owning giant reveals seven-year agreement in West Africa
Ernst Russ eyes more diversification after tanker newbuilding swoop But German owner sees disconnect between asset values and charter returns
Polys Hajioannou's son joins daughter on beefed-up Safe Bulkers board Greek owner adds banking and shipping expertise
Norway's Sea-Cargo cuts emissions by 35% after green retrofit Owner equips vessels with sails, solar power, battery storage and shore power connectivity
Russia strikes ship traffic control centres in Ukraine Kyiv says that all of its Black Sea traffic posts have come under attack
Maersk gets sustainability rating upgrade weeks after defeating activist shareholders But greater gender parity would be desirable, says ESG ratings agency
US ramps up scope of Iran blockade to target ships 'regardless of location' Update signals seizures, inspections and broad cargo scrutiny beyond Iranian ports
Pacific Basin cancels methanol bulker buys due to IMO Net-Zero Framework doubt Hong Kong-listed owner-operator to swap the quartet for conventionally fuelled vessels and orders more handysizes
Ernst Russ eyes gas carriers after tanker newbuilding swoop But German owner sees disconnect between asset values and charter returns
Turkey's Botas floats tender for LNG carrier newbuildings State energy company set to move further into vessel ownership as it ups LNG imports
Turkish energy major ramps up VLGC drive with newbuilding order Istanbul-listed LPG distributor now has three big gas carriers on order at HD Hyundai Group
Green ammonia unlikely to be 'bottleneck' to pioneering new dual-fuel vessels Delivery of Exmar's first ammonia dual-fuel gas carrier scheduled for end of May
Fraud probe: Raid at Russia's largest seafarer union sees phones and computers seized Long search of the union's Moscow offices left staff effectively isolated and prevented from communicating with the outside world
Louis Dreyfus snaps up Norwegian PSV as it bids to double fleet French owner sees acquisition as key to offering complete offshore shipping services
Seaways chief Lois Zabrocky retains VLCC crown with $4.5m payday This week's Streetwise takes a look at 2025 compensation packages for public owners of VLCCs
Iran said to have only two months of oil storage capacity left as US blockade hits exports Prospect of production cuts on the horizon unless a solution to the Strait of Hormuz paralysis is found
Russian shadow-fleet tanker seized by France released after owner pays fine The Deyna was boarded last month by the navy, with help from the UK
Euroseas vessel banks bumper deal as war fuels container rates rise Fixture of feeder ship highlights 'ongoing shortage of prompt tonnage'
Cosco Energy stacks bulging orderbook with two panamax tanker newbuildings The methanol-ready 75,000-dwt crude tankers will cost $76.5m each
Zim boss Eli Glickman quits after takeover bid fails CEO stepping down as Hapag-Lloyd tries to seal purchase of Israeli line
2020 Bulkers pays out over $300m as it delivers final vessels to new owners Oslo-listed owner will keep $4m to pursue potential opportunities
Second US-sanctioned VLCC moves through blockade into the Gulf Transit suggests US military is allowing non-Iranian trade by blacklisted vessels
BW LPG trading arm banks huge profit boosted by Iran war BW Product Services reported $127m in the first quarter
Crew crunch and cargo risks deepen Asia shipping insurance concerns Fatigue, fires and tariffs combine to raise costs and safety risks
Wilhelmsen launches Cyclus Marine, a new vessel lifecycle company Move allows greater access to services previously offered to ship manager's clients
Carnival splashes out over $2.36bn on three cruise ships at Fincantieri Latest order gives Miami-based company an orderbook of 10 cruise ship newbuildings
Samsung Heavy eyes deeper US role with NASSCO automation talks Shipbuilder signals ambitions beyond design as cooperation expands
Cosco Shipping stacks bulging orderbook with two panamax tanker newbuildings The methanol dual-fuelled ready 75,000-dwt crude tankers will cost $76.5m each
ST Engineering sees commercial shipbuilding enquiries surge after yard expansion Singapore group sees rising interest after boosting capacity and capabilities
Vantage Shipbrokers boss opens up on the highs and lows of global ambitions But the shipbroker founded in Singapore is taking it slow due to ongoing market uncertainties
Knight-Swift cuts Q1 guide; remains upbeat on TL fundamentals Knight-Swift Transportation cut its earnings guidance for the first quarter, citing mostly company-specific headwinds. The update sent shares more than 3% lower in after-hours trading on Thursday. Adjusted earnings per share are now expected to range from 8 to 10 cents in the first quarter. That's well below the company's prior guidance of 28 to 32 cents and the consensus estimate of 25 cents at
At TIA meeting, freight brokers brace for Supreme Court decision Scottsdale, AZ-The Transportation Intermediaries Association annual Capital Ideas Conference here has two issues looming in the background that have the potential to upend the freight brokerage industry, one of which will arrive over months and years and another which could land at any time. The longer-term impact will come from AI. But that is solidly embedded in brokerage already, as evidenced
Fuel surcharges trigger spike in parcel shipping costs U.S. ground and express parcel shipping costs are on pace for a third consecutive record quarter as parcel carriers, responding to soaring crude oil prices caused by the Iran war, stack higher fuel surcharges on top of accumulated general rate increases, according to a quarterly market report from TD Cowen investment bank and AFS Logistics this week. The analysis, which leverages freight audit an
Shipper groups ask STB to make key UP-NS merger agreement documents public Four shipper groups have asked federal regulators to make public a key section of the Union Pacific-Norfolk Southern merger agreement, arguing that the railroads improperly shielded material that outlines when UP could walk away from the deal. The section, known as Schedule 5.8, was omitted from the railroads' Dec. 19 merger application. The Surface Transportation Board later ordered it to be fil
AI moving from back office to driver's seat in trucking operations The trucking industry's slow shift from manual workflows to digital operations is entering a new phase - one where artificial intelligence is no longer just analyzing freight data but beginning to execute core tasks traditionally handled by dispatchers and back-office staff. For carriers and brokers, the challenge is no longer whether to adopt AI, but how quickly they can integrate it into workfl
J.B. Hunt says TL inflection 'structural,' not temporary Executives at J.B. Hunt Transport Services said that there is increasing proof that tightening in the truckload market is a structural shift rather than the brief fluctuation that shippers had suggested at the beginning of the year. On a Wednesday evening call with analysts, management noted "early signs of improved demand" as "non-compliant capacity" continues to exit. It said customer conversat
UPS projects to boost capacity at 3 Asia air hubs UPS continues to make major airport investments in Asia to support growing cross-border trade in one of the company's biggest markets even as it reduces overall capital expenditures. The added capacity, along with technology upgrades, are intended to ensure fast transit times for shippers even as volumes increase, according to UPS ( NYSE: UPS ). The integrated parcel and freight logistics powerho
The VIN was the lie: how 23 trailers became a $287K fraud scheme A man in Florida was arrested this week after selling 23 semi-trailers using fraudulent VINs in a scheme worth over $287,000, according to the Florida Department of Agriculture and Consumer Services and the Office of Agricultural Law Enforcement. On the surface, everything looked clean. The trailers were real, the paperwork matched, and the deals moved forward without issue. Money changed hands l
Prologis reports record logistics lease signings in Q1 Warehouse operator Prologis reported record lease signings in its logistics business during the first quarter, inking deals for 64 million square feet of space. Prologis ( NYSE: PLD ) reported first-quarter consolidated revenue of $2.3 billion on Thursday before the market opened. The result was 7% higher year over year and better than a $2.12 billion consensus estimate. Core funds from operation
One Big Thing will solve rail's growth problem, says NS CEO MINNEAPOLIS - Though he never worked in supply chain or dealt with hedge funds, German philosopher Friedrich Nietzsche still managed to originate the time-honored neologism, "What doesn't kill me makes me stronger". Norfolk Southern Corp. survived the deleterious effects of the Covid pandemic, declining shipper demand, a catastrophic hazmat derailment, labor issues, a leadership scandal, and activ
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