Successful TAT moves Everllence's ME-LGIA ammonia engine closer to sea trials Everllence reports that its ME-LGIA ammonia-burning engine has successfully completed its Type Approval Test (TAT) at the company's Research Centre Copenhagen (RCC). Eight classification societies oversaw the testing that took place June
ABS partners with Polaris Shipping, HHI and AVIKUS to develop new unmanned bridge concept ABS, Polaris Shipping, HD Hyundai Heavy Industries (HHI) and HHI's autonomous navigation subsidiary Avikus, have signed an agreement to jointly develop an autonomous navigation concept enabling unmanned bridge operation, under defined conditions
Ardmore exercises options for two additional tankers Chemical and product tanker specialist Ardmore Shipping Corporation (NYSE: ASC) has exercised options for two additional 40,500-dwt Handysize product/chemical tankers at Wuhu Shipyard in China, expanding a previously announced order to four
Ferguson Marine marks a critical milestone as Glen Rosa enters final dry dock Scottish shipbuilder Ferguson Marine (Port Glasgow) Ltd reports it has taken a major step towards the delivery of the dual fuel ferry MV Glen Rosa, the second of two ferries ordered in
Ship Repair USA: Supply chain pressures shape ship repair operations Supply chain disruptions may have eased from their pandemic-era peaks, but shipyards, vessel operators, suppliers, and logistics providers continue to navigate a complex operating environment where delays, material shortages, and transportation challenges
Hapag-Lloyd updates CCM feeder service Hapag-Lloyd has announced an update to its CCM feeder service connecting Mexico and El Salvador, introducing a dedicated weekly feeder to improve schedule reliability. Effective July 10, 2026, the revised service will continue serving Acajutla through a simplified feeder rotation linking Lazaro Cardenas with the Salvadoran port. The new rotation will call Lazaro Cardenas (LCT Terminal), Lazaro Ca
GXO joins Italian aerospace association to expand defense logistics GXO Logistics has joined Distretto Aerospaziale Piemonte (DAP), a leading aerospace association in Italy, strengthening its presence in the European aerospace and defense logistics sector. The membership supports GXO's strategy to expand its mission-critical logistics capabilities across Europe. Marco Galtelli, Business Development Director for GXO Italy & Switzerland, said the membership recogni
APM Terminals Los Angeles orders electric terminal tractors APM Terminals Los Angeles at Pier 400 has signed a contract with Orange EV for 40 additional HUSK-e XP battery-electric terminal tractors, bringing the facility's total electric terminal tractor count to 60 units and completing the electrification of its on-dock rail drayage fleet. The milestone makes Pier 400 the first container terminal at the Port of Los Angeles to achieve full electrification
Kuehne+Nagel and Google Cloud expand SAF partnership Kuehne+Nagel will use sustainable aviation fuel (SAF) to reduce emissions from Google Cloud's air freight shipments in 2026. The agreement covers the purchase of up to 5.2 million litres of SAF and is expected to reduce up to 12,600 tonnes of CO2e emissions from Google Cloud's infrastructure shipments. The collaboration serves as a pilot for future sustainability initiatives between the two compa
Freightos Weekly Update: Ocean rates level, but mid-month increases possible soon The US and Iran are set to sign an interim peace deal at the end of the week which will include an agreement to reopen the Strait of Hormuz, possibly within thirty days, and will start the clock on a sixty-day window to arrive at a final deal. As the sides haven't released the text of the agreement, there is significant uncertainty around the Memorandum of Understanding's details and timeline for
Global Ship Lease secures affirmed credit ratings and upgraded outlook Global Ship Lease has received reaffirmed credit ratings from Moody's Investors Service and Kroll Bond Rating Agency (KBRA), with Moody's also upgrading the company's outlook from stable to positive. Moody's maintained Global Ship Lease's Ba2 Corporate Family Rating while revising the outlook upward, reflecting confidence in the company's financial profile and strategic direction. KBRA reaffirmed
CMA CGM to acquire Crystal Aero Solutions CMA CGM Group has signed a preliminary agreement to acquire Crystal Aero Solutions, marking its expansion into aircraft maintenance as it continues to grow its air cargo operations. Based at Paris Charles de Gaulle Airport, with additional operations in Brussels and Liège, Crystal Aero Solutions specializes in line and light maintenance services for both cargo and passenger aircraft. The company
Movianto expands Belgian healthcare logistics hub Movianto, part of Yusen Logistics, has nearly doubled storage capacity at its healthcare logistics facility in Aalst, Belgium. The expansion increases temperature-controlled pallet capacity from 14,000 to 25,000 positions to meet growing demand for pharmaceutical and healthcare logistics services. The site now provides storage across ambient (15-25°C), refrigerated (2-8°C), frozen (-20°C) and ult
Maersk restarts Red Sea transits amid vessel shortage Maersk Line has sent its ships through the Red Sea after a three-month absence, as tonnage availability remains low amid rocketing charter rates. Container shipping consultancy Linerlytica said today that the 7,154 TEU Santa Catarina Maersk (ex Santa Catarina) and 8,648 TEU Clementine Maersk are the Danish operator's first ships to transit the Bab el-Mandeb Strait since 1 March
DP World plans first U.S. Gulf Coast container terminal DP World has entered exclusive negotiations to develop and operate a container terminal at the Port of Corpus Christi in Texas. The agreement covers a proposed long-term lease and marks the first step toward DP World's first container terminal on the U.S. Gulf Coast. Under the proposal, DP World would design, build and operate the new terminal, expanding container capacity and strengthening suppl
Visayas Container Terminal welcomes inaugural Maersk PH6 service Visayas Container Terminal, ICTSI's operation at the Port of Iloilo in the Philippines, has welcomed the inaugural call of Maersk's PH6 service, marking a significant step forward in international trade connectivity for the Visayas region. The service provides customers in Panay and the wider Western Visayas region with direct access to key trade hubs in Yantian, Mainland China, and Hong Kong, ex
APSEZ scale AI-driven terminal operations across 15 ports Adani Ports and Special Economic Zone has expanded its strategic partnership with Kaleris to deploy advanced digital and AI-enabled capabilities across its container terminal network, supporting the company's 2030 objectives, which include an US$ 850 million outlay toward decarbonisation and technology upgrades alongside a target of handling one billion tonnes of cargo annually. Under the multi-y
Port of Los Angeles cargo volume rises 17% in May The Port of Los Angeles handled 840,165 TEUs in May, up 17% compared with the same month last year. Loaded imports reached 449,370 TEUs, increasing 26% year on year. Loaded exports fell 10% to 107,657 TEUs, while empty containers rose 18% to 283,138 TEUs. The port processed 4.12 million TEUs during the first five months of 2026, up 1.4% from the same period last year. Executive Director Gene Sero
Liebherr wins STS crane order for Baltimore container terminal Liebherr has secured an order for seven ship-to-shore (STS) cranes for the new Sparrows Point Container Terminal (SPCT) in Baltimore, Maryland. Tradepoint Atlantic and Terminal Investment Limited (TiL) are developing the 168-acre terminal at the Port of Baltimore. The project is one of the largest privately financed container terminal developments in the United States, with an investment of appro
Port Nelson welcomes largest vessel in its history Port Nelson has welcomed the largest vessel ever to call at the New Zealand port. The Maersk Cap Jackson measures 264.32 metres in length and weighs 77,000 tonnes, around 7,000 tonnes more than the previous record-holder. The vessel can carry up to 4,600 TEUs. It loaded apples, fish, meat, beer, wine, timber and dairy products from the Te Tauihu region for export to global markets. Port Nelson sa
Port of Melbourne reports record container volumes in 2025 Port of Melbourne handled a record 3.5 million TEUs in 2025, marking its second consecutive year of record container volumes. The port said the result highlights the resilience of Victoria's trade despite geopolitical tensions, tariff uncertainty and slower global growth. Container volumes continued to grow in 2026. Trade increased more than 2% year on year in the first quarter, while April volum
Stena Line secures Sweden-Germany rail ferry service through 2031 Stena Line has signed an agreement with the Swedish Transport Administration to continue operating the rail ferry service between Trelleborg and Rostock until 31 December 2031. The agreement secures Sweden's only regular rail ferry connection with Germany and one of the few remaining rail ferry services in the world. Stena Line has operated the route since 1998 using the ferries Skåne and Mecklen
Liebherr LHM 600 enters service at Cartagena terminal Compania de Puertos Asociados (Compas) has commissioned a Liebherr LHM 600 mobile harbour crane at its terminal in Cartagena, Colombia. The LHM 600 is now the largest mobile harbour crane operating in the country. The crane offers a lifting capacity of 104 tonnes and a maximum outreach of 61 metres. It will support container operations at the Cartagena terminal, which handles up to 250,000 TEUs a
SUUS expands Poznan logistics hub with 14,000 sqm warehouse Rohlig SUUS Logistics has expanded its warehouse capacity in Poznan by 14,000 sqm. The expansion increases the company's total operational space at the site to nearly 55,000 sqm. The new facility combines warehouse space with a cross-docking terminal and is located next to SUUS' existing logistics center in Tarnowo Podgórne. The Poznan hub provides warehousing, value-added services, customs clear
Diana sweetens Genco bid again with cash-and-stock offer Greek dry bulk owner Diana Shipping has increased its takeover proposal for US-listed rival Genco Shipping & Trading for a fourth time, adding a stock component to its latest bid and valuing the target at $27.34 per share. The Athens-based owner, which is already Genco's largest shareholder, said the revised proposal consists of $24.80 per ...
Hunter Group launches arbitration over VLCC charter payment dispute Norwegian shipping and investment company Hunter Group has commenced arbitration proceedings in London against one of its long-term charter counterparties after a dispute over reduced charter hire payments escalated. The Oslo-listed company said the counterparty has failed to pay approximately $28.2m, plus interest, under the relevant charterparties and related agreements. Hunter has now formally
Easterly exits debut tanker fund and turns sights to bulkers Easterly Clear Ocean (ECO), the maritime investment platform backed by Easterly Asset Management, has completed the disposal of the final four vessels from its inaugural investment fund, drawing a line under a seven-ship chemical tanker investment and setting its sights on newer chemical tonnage and dry bulk carriers. The Darrell Crate-led outfit said all remaining ...
Ardmore expands tanker fleet renewal with additional Chinese newbuilds Ireland-based product tanker owner Ardmore Shipping has expanded its newbuilding programme in China, exercising options for two additional product and chemical carriers at Wuhu Shipyard. The New York-listed company said it had declared options for a further pair of 40,500 dwt newbuilds, bringing its orderbook at the Chinese yard to four vessels. The additional ships ...
Three60 scores long-term Vår Energi contract Energy services company Three60 Energy has been awarded a new long-term project support agreement with Vår Energi. The agreement, which has an initial term of four years with options to extend, will see the company continue to provide project support across the drilling, wells, and subsurface disciplines. According to the company, the support will contribute ...
Norway backs new generation of hydrogen-fuelled bulkers Norwegian developer LH2 Shipping has secured fresh funding from Enova for two additional liquid hydrogen-powered bulk carriers, expanding its project pipeline to six vessels and taking total public support for its hydrogen shipping programme beyond NOK 800m ($74m). The Bergen-based company said it had been awarded NOK 344.3m ($36m) to develop and build two 7,700 ...
Eastern Pacific exits chemical tanker sector as fleet shifts to Ace and Womar Singapore-based Eastern Pacific Shipping (EPS) is exiting the chemical tanker business through an en bloc transaction involving Ace Tankers and Womar Tankers. The deal, expected to close this week, subject to customary conditions, will see ownership of EPS's 14-vessel chemical tanker fleet transferred between the two operators. The fleet comprises vessels ranging from 19,000 dwt ...
MSC plays down talk of Hapag-Lloyd bid Mediterranean Shipping Co (MSC) has denied reports it is looking to acquire a stake in German liner giant Hapag-Lloyd. Citing sources familiar with the matter, the Hamburg-based Manager Magazin claimed MSC has been in discussions for some time with Hapag-Lloyd's principal shareholders, despite previous approaches being rebuffed. "This report is not true or correct," a ...
Shipping braces for monster El Niño The US National Oceanic and Atmospheric Administration (NOAA) has officially declared that El Niño has developed in the tropical Pacific, issuing an El Niño advisory and warning that the event could intensify into one of the strongest on record by the end of the year - a development with direct and significant implications for global ...
Tsakos joins Greek capesize ordering wave at Hengli Greek shipowner Tsakos Group has emerged as the latest owner linked to a capesize newbuilding deal at China's Hengli Heavy Industries, joining a growing list of Greek names betting on the large bulker segment. Multiple shipbuilding and brokerage sources indicate the group has contracted two 180,000 dwt units at the fast-growing Chinese yard. The vessels ...
Fleets reposition for Hormuz reopening ahead of US-Iran deal The race to capitalise on the expected reopening of the Strait of Hormuz is already underway, with some of the world's largest tanker and LNG operators repositioning vessels towards the Gulf ahead of Friday's planned signing of a peace agreement between the US and Iran in Geneva. Shipowners appear increasingly confident that commercial traffic will ...
Norwegian offshore maintenance workers walk out after wage talks collapse The Norwegian Union of Energy Workers (SAFE) has announced a strike by offshore maintenance workers after failing to reach a collective wage agreement with the employer organisation Offshore Norge. SAFE said 154 oil service workers went on strike at 10:00 am local time on Monday, with another 224 joining on Thursday. The employees are from ...
Manta Marine Technologies: Shipping needs less waiting and more doing While much of shipping remains fixated on future fuels, breakthrough technologies and the promise of artificial intelligence, Ina Reksten believes the industry's biggest gains will come from making better use of tools that already exist. The head of Norwegian vessel optimisation specialist Manta Marine Technologies is not expecting any transformative technology breakthrough over the next ...
Mascot Ocean enters the cape segment China's capesize buying frenzy is accelerating, with roughly one new entrant joining the segment each month. A few weeks ago, Splash reported that Shanghai-based Van Hui Shipping had entered the sector with the rare eco-design, Imabari-built Ehime Queen, an 181,000 dwt bulker acquired for $57.5m. This week, Splash can reveal that Shenzhen-based Mascot Ocean has tapped ...
ExxonMobil tees up 35-well Guyana drilling campaign US supermajor ExxonMobil has proposed a new exploration and appraisal drilling campaign in the Stabroek block offshore Guyana. The Guyana Environmental Protection Agency (EPA) announced that it has opened a 28-day public consultation period on the proposed campaign, inviting written submissions on issues that should be addressed in a cumulative impact assessment of the project. ...
Britain takes aim at Russia's growing LNG shadow fleet The UK has become the first country to directly target Russia's emerging LNG shadow fleet, sanctioning four liquefied natural gas carriers as part of a broader package aimed at disrupting Moscow's energy exports and sanctions evasion networks. The latest measures cover 27 tankers in total and bring the number of Russia-linked ships sanctioned by the ...
Two decades after US port row, DP World eyes American comeback Twenty years after a political firestorm forced DP World out of the US container terminal market, the Dubai-based ports giant is positioning itself for a return. DP World has entered exclusive negotiations with the Port of Corpus Christi to develop and operate a new container terminal in Texas, a move that could mark the company's ...
Sovcomflot's sanctioned LNG carrier completes earliest Northern Sea Route transit in years Sovcomflot's sanctioned LNG carrier Christophe de Margerie has completed transiting across the Northern Sea Route (NSR), the earliest eastbound transit in many years. The 300 m-long, 174,000 cu m vessel entered the route at the end of May, heading east through heavy sea ice while carrying LNG from Novatek's sanctioned Arctic projects. The voyage attracted ...
Big boxships flood into Mediterranean trades The number of ships above 8,000 teu operating in the Mediterranean has nearly doubled over the past year. According to data from Alphaliner, the number of containerships exceeding 8,000 teu in Mediterranean trades has climbed from nine to 16 over the past 12 months, representing a 78% increase. The trend marks a significant shift for ...
Transocean bags new contracts for semisub pair Swiss-based offshore drilling giant Transocean has secured contract awards for two of its harsh-environment semisubmersibles. According to Transocean, the fixtures represent approximately $185m in firm contract backlog. The company said that its 2019-built Transocean Norge semisub was awarded a five-well contract with Harbour Energy in Norway. The estimated 300 days of work is expected to ...
Allied sees owners ramp up capesize investments Strong current earnings and tonne-mile prospects resulting from Simandou project among the catalysts, according to Greek brokerage
Core Power calls net zero a 'false dawn', plans to test older reactor design Maritime nuclear start-up Core Power launched a feasibility study for using 'Gen III+' nuclear reactor in a floating power plant...
Hormuz fallout will change marine insurance permanently, argues Willis Distinction between war risk and core coverage no longer valid, head of hull at heavyweight broker contends
Tanker values continue to rise across all segments as buyers compete for scarce tonnage Limited availability of quality vessels, particularly modern ships, has intensified competition among buyers and supported premium pricing
Eastern Pacific divests entire chemical tanker fleet to focus on core sectors Divestment comes at a time when EPS has built up one of the industry's largest newbuilding orderbooks
Escrow freeze ripples through S&P market as sellers harden terms and compliance costs climb Safer is turning out to be slower and pricier, as deeper checks and rising fees stretch out closings the market...
Diana boosts offer for Genco ahead of voting deadline Greek owner adds one share in Diana, valued at $2.54, to previous cash offer of $24.80 per share of Genco
UPDATED: At least five Iran-flagged vessels run US blockade line After months of restricted movements and a increasingly tight US blockade on Iranian ports, the three exits are a significant...
Middle East port update: Wednesday, June 17 Qatari Ministry of Transport urges owners of vessels and sailors to ensure functioning safety and security equipment is on board...
The Daily View: Geopolitical pivot
Asian bunker prices cool on Hormuz deal optimism, but Fujairah VLSFO hits new highs Optimism that normalcy could soon be established is high among bunker traders, supported by declines in crude futures. But supplies...
Daily Briefing Owners and marine insurers face snap judgements over 'fragile stabilisation' in Strait of Hormuz | Hormuz reopening to free 300,000...
BNSF gets approval to develop Barstow transloading hub The 4,500-acre inland site in Southern California will serve as a hub where ocean containers are transferred into 53-foot domestic boxes and as a staging point for some international freight.
US transportation pricing soars, aided by frontloading, capacity cuts While freight demand isn't booming despite growth in imports and manufacturing activity, it's enough to push transportation pricing higher.
Overlapping demand waves reshaping traditional peak seasons: Rhenus With global trade flows shifting toward more volatile and irregular demand patterns, the focus is moving away from planning around fixed seasonal cycles, according to the forwarder.
MPV operators lash out over 'mind-blowing' environment regulations A tangle of new rules and a lack of clear direction on which green fuel will power the MPV fleet of the future were cited as reasons for the current lack of new ship orders
MPV carriers reticent to resume Hormuz transits despite peace deal Ship operators told Breakbulk Europe they need certainty that the truce between the US and Iran will hold before committing crew and vessels to the region.
US-Iran deal text confirms Hormuz opening within 30 days, 'no tolls' for 60 Deal to be signed on Friday fudges the question of tolls, allowing Tehran a say in how the strait will be run
Diana Shipping's Semiramis Paliou makes last public pitch for Genco And why is Star Bulk's Hamish Norton comparing Diana to 'Crazy Eddie' television campaign of yesteryear?
Gulf crisis drives record VLCC fixing from Guyana Western refiners looks for alternatives after Middle East supply was drastically reduced
Genco Shipping steams forward with AGM and shareholder vote Owner says Diana's last-minute timing for improved bid creates 'undue burden' on its stakeholders
Excelerate FSRU tipped for Frontera Energy project in Colombia Jettyless kit added to quick start-up second unit
UAE to spend billions cutting Strait of Hormuz reliance to 'zero' Minister reveals projects to bypass key chokepoint
Sanctioned tankers dodge English Channel after shadow fleet seizure Russian-flagged aframax set to provide first challenge to UK authorities after detention of Indian master
Diana lodges last-ditch takeover offer above Genco's own valuation Greek owner appears to meet conditions for talks on deal to begin
MSC drives upsizing as Mediterranean sees surge in larger container ship deployments Carriers look to achieve greater economies of scale on traditionally smaller regional trades
Insurance costs cloud product tanker outlook as Strait of Hormuz opening looms Implications of refinery damage also making for a more complicated picture than in crude sector
MSC shoots down Hapag-Lloyd stake talk Liner shipping supremo Gianluigi Aponte was claimed to have eyes on German rival
Hunter Group takes VLCC charter battle to arbitration Norwegian company says unpaid charter hire spiralled from $8.3m to more than $22m
Great Eastern moves for product tanker in latest sale-and-purchase deal Serial buyer and seller adding 2015-built ship to fleet
Eastern Pacific Shipping exits chemical tankers with fleet sale Ace and Womar have bought seven vessels each
GMF VLCC fixed for a year as term rates hold up in rising spot market Twelve-month deals hovering not far from spot rates as South Korean owner takes cover
Mine-hit ship at centre of legal showdown over forged war-risk cover Judge ordered payout despite cargo ship having inadequate cover before Ukraine port call
Hanwha Ocean strikes deal with Kanata on huge Canadian FLNG project New partners set to explore $15.7bn offshore LNG production aimed at supplying Asia
Collapsing oil demand from China will keep VLCC rates in check Analysts say Chinese demand for crude and for tankers not likely to bounce back in July
Ardmore doubles up on tanker newbuildings while adding more options Product carrier specialist could see Wuhu Shipyard series reach six MR ships
Russia adds sixth LNG carrier buy of 2026 to its burgeoning shadow fleet Freshly renamed and reflagged Avacha emerges as latest arrival
India's Essar inks $500m deal to keep crude flowing to UK refinery Indian operator taps Abu Dhabi trader for oil imports
Shipping investor piles into dry bulk and offshore while cutting tanker and container exposure BlueYield invested $3.3m from April to June
LH2 Shipping gets $36m boost for hydrogen-powered bulkers Norwegian developer has project portfolio of six vessels
Ship officers charged by Finland over Baltic cable damage Captain and senior colleague alleged to have dragged anchor over two subsea lines
Glencore, Trafigura and Mercuria plot move for gold miner Merdeka Three trading giants to take stakes in Indonesian operation
Navios Partners linked to rare LR1 tanker sale as Frangou buys up stock Midsize product tankers gain in popularity on the secondhand market
'El Jefe' speaks: Forget about 2008, it's really more like 2004 The dean of New York-listed chief financial officers argues the party's not over just yet
Wah Kwong sells last supramax bulker after buying it back from Chinese lessor Hong Kong owner set to focus dry bulk fleet on ultramax and kamsarmax vessels
First laden VLCCs leave Iran as US blockade shows signs of softening Local sources and vessel trackers suggest a growing number of vessels are going in and out of Iran
Tanker refloated after 10-day grounding in Indonesia Indonesian MR tanker PIS Beitlung finally docks at an oil terminal in Merak after prolonged voyage
C.H. Robinson launches BidBoardX to connect carriers with committed freight C.H. Robinson on Wednesday unveiled BidBoardX, a new self-service digital freight tool designed to give carriers direct access to committed freight opportunities while addressing shippers' persistent struggle to secure reliable coverage on critical lanes. The launch comes amid spot market volatility that has disrupted a freight brokerage model reliant on stability. BidBoardX addresses a fundament
BNSF wins local approval for new $4B California rail intermodal project The Barstow (Calif.) City Council has approved a proposed $4 billion intermodal hub BNSF Railway says is a key component for the future of freight moving into and out of the Southern California port complex, the nation's busiest. The Barstow International Gateway will cover 4,500 acres and create capacity for 60 trains in the high desert east of Los Angeles, the gateway to the southern transconti
Expeditors International to lay off 230 tech workers Expeditors International plans to discharge 230 workers this year as part of a restructuring of its global technology department, according to a notice filed last week with the Washington state Department of Employment Security. The layoffs will begin on Aug. 8 at the company's headquarters and four other offices in the Seattle suburbs and continue for the remainder of the year, Expeditors ( NYSE
Intermodal pulls away from carload rail freight Freight traffic on U.S. railroads enjoyed a banner week at the mid-year mark, as intermodal and carload shipments nearly tripled the rate of growth in the first half. For the week ending June 13, total U.S. weekly rail traffic was 520,406 carloads and intermodal units, up 7.2% from the same week a year ago. Commodities and related goods increased 2.8% to 230,959 carloads, while intermodal volume
The price of trust: How a cargo theft changed one shipper "We believed we were verifying properly, but this incident has led us to create additional verification measures to ensure this does not happen to us again in the future." That realization came after Global Protection Corp. became the victim of what the company describes as a sophisticated cyber-enabled cargo theft scheme involving compromised carrier credentials, legitimate truck drivers and a W
Transportation deal values up as buyers seek specialization, scarcity Even with geopolitical headwinds, transportation and logistics deal flow is improving, according to a mid-year report from consulting firm PwC. Buyers are shifting away from the traditional strategy of bolting scale onto their existing networks. Instead, they are now prioritizing the acquisition of scarce technology assets and capabilities that are difficult to develop independently. An easing re
Mexico's truck factories find footing after rough start to 2026 Mexico's heavy-duty truck manufacturing sector posted its strongest export performance of 2026 in May, offering signs of stabilization after a sluggish start to the year. Mexico produced 14,543 heavy-duty trucks and buses in May, down 0.6% year over year, while exports totaled 11,938 units, an 8.5% decline compared with May 2025, according to data released by Mexico's National Institute of Statis
As diesel falls, key agency forecasts what's next following peace deal The monthly report of the International Energy Agency, released Wednesday, has something to support both bullish and bearish predictions of where oil prices are headed following the signing of a peace agreement between the U.S. and Iran. It comes as oil prices have plunged in recent days, visible in the weekly Department of Energy/Energy Information Administration average weekly retail diesel pri
Trucking group asks federal court to strip New York, California of CDL authority The Small Business in Transportation Coalition (SBTC) has filed a court petition seeking to force federal regulators to decertify the commercial driver's license programs of New York and California. The petition, filed June 10, asks the court to review actions by the Federal Motor Carrier Safety Administration and the U.S. Department of Transportation and order the agencies to revoke the authorit
FedEx slowly recovers from operational meltdown in Vietnam FedEx says shipping delays in Vietnam have eased this month after a bungled switch to a different ground delivery provider and the rollout of new technology led many customers to loudly complain about difficulty retrieving inbound goods from warehouses. The freight transportation giant has worked for weeks to restore service levels for customs clearance and local delivery for inbound shipments, b
Hazardous materials drivers can't speak English When a trailer full of fireworks burned on Interstate 75 near Chattanooga on June 6, the Tennessee Highway Patrol found that the driver had no hazardous materials endorsement, no placards, no shipping papers, and no emergency response information. The cargo was regulated explosives. The paperwork that would have told a firefighter what was in the trailer did not exist. Pull the federal records on
Frontloading fuels early peak surge for Los Angeles The Port of Los Angeles handled container volume of 840,165 twenty foot equivalent units (TEUs) in May, better by 17% from a year ago on higher import volumes and less-than-certain supply chain outlook. Los Angeles, which along with Long Beach comprises the busiest U.S. container gateway, saw volume of 4,119,869 TEUs year-to-date, up 1.4% on 2025. "Our strong May performance reflects the resilien
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