CMA CGM finalizes Cochin Shipyard contract for six LNG-fueled containerships The CMA CGM has now followed through on the letter of intent it signed last October covering the construction of six state-of-the-art LNG-fueled 1,700 TEU containerships at India's Cochin Shipyard Limited (CSL).
TTB 2026: Winning freight starts with shippers At Marine Log's Tugs, Towboats & Barges (TTB) 2026 conference, taking place March 10-11 in Mobile, Ala., attendees will gain practical insights into one of the industry's most persistent challenges: winning cargo.
Navy issues RFP for LSM program Vessel Construction Manager Following an earlier Request for Information (RFI), the U.S. Navy has now issued a Request for Proposal (RFP) for a Vessel Construction Manager (VCM) to oversee the acquisition of the new Medium
Nominations are open for Marine Log's Top Women in Maritime award Marine Log is proud to announce the return of our annual Top Women in Maritime recognition for 2026. This prestigious honor celebrates up to 20 exceptional women who are making a significant
Michelle Kruger to retire as Austal USA president In an ASX filing, Austal Limited (ASX:ASB) reports that Michelle Kruger, president of its Mobile, Ala.-headquartered Austal USA subsidiary, has informed the company of her intention to retire, effective June 1, 2026.
HII explores introducing physical AI welding into shipbuilding HII (NYSE: HII) and Columbus, Ohio-based Path Robotics have signed a memorandum of understanding that, they say, could accelerate throughput, strengthen the maritime industrial base, and augment the shipbuilding workforce. Path's physical
Silver Ships completes 32-boat Marine Corps AASB contract Theodore, Ala.-based aluminum workboat specialist Silver Ships has completed, tested and delivered the final Assault Amphibian Safety Boat (AASB) under a contract with the U.S. Marine Corps and the U.S. Navy. Silver
WCI calls for new USACE Inland Navigation Construction Organization A new white paper released by the Waterways Council Inc. (WCI) outlines the necessity for creating a new integrated and programmatic Inland Navigation Construction Organization (INCO) within the U.S. Army Corps of
Imetame adds four Liebherr cranes for Brazil pulp project The Imetame Group has added four Liebherr mobile cranes to its fleet. The models include LTM 1090-4.2, LTM 1120-4.1, LTM 1250-5.1 and LTM 1230-5.1. With this investment, Imetame increases its capacity for complex industrial operations. The cranes will support a large pulp and paper project in Mato Grosso do Sul, Brazil. They will handle heavy lifts, assemble plant structures and install extensive
Marcura acquires Shipdem in chemical tanker push Marcura has acquired Shipdem, a UK-based specialist in chemical tanker laytime and demurrage, from its parent company, Casper Shipping . The deal strengthens Marcura's position in a complex tanker segment. Shipdem brings strong expertise in chemical tanker demurrage. This field requires deep technical knowledge and precise claims handling. The team manages the full claims process for traders and
GetJet Airlines signs long-term ACMI deal with Eurowings GetJet Airlines has signed a long-term ACMI partnership with Eurowings, part of the Lufthansa Group. The agreement follows a competitive selection process. From March 2026, six GetJet aircraft will operate from Hamburg Airport. The aircraft will support Eurowings' summer schedule. The added capacity will strengthen the Lufthansa Group's European network. GetJet Airlines CEO Inga Duglas said the p
Freightos Weekly Update: Ocean rates ease as LNY begins, US port fees in focus US steps toward maritime protectionism aimed at reviving the US shipbuilding industry resurfaced this week for the first time since the suspension of proposed port call fees on Chinese vessels late last year. The administration's Maritime Action Plan - which does not give a timeline for implementation - features a long list of possible steps including a proposal for port fees of between one and t
Maersk increases peak season surcharge for China and Hong Kong to Kenya Maersk has announced an increase in the Peak Season Surcharge (PSS) for cargo moving from China and Hong Kong to Kenya. These new rates will take effect on March 2, 2026. According to the company, the adjustment is necessary to maintain the quality of its global services. The revised tariff applies to both dry and reefer containers. Specifically, the surcharge for all 20-foot containers is now US
Adani Ports and Marseille Fos sign IMEC trade partnership Adani Ports and Special Economic Zone Ltd (APSEZ) and the Port of Marseille Fos have signed a Memorandum of Understanding (MoU). The agreement strengthens cooperation on trade facilitation, port innovation, and energy transition. The partnership aims to improve trade links between India and Europe through the India-Middle East-Europe Economic Corridor (IMEC). The two sides will create an IMEC Por
Maersk announces new flexitank removal service at Spanish ports Maersk has updated its policy for import containers equipped with flexitanks at three major Spanish ports. Starting today, the carrier will manage the removal of these tanks in Valencia, Barcelona, and Algeciras. This change aims to simplify the supply chain while ensuring strict safety and environmental standards. The company will handle all destruction and recycling processes for the removed ma
IMO welcomes entry into force of Beijing Convention The Beijing Convention on the Judicial Sale of Ships enters into force on 17 February 2026. The treaty creates a harmonized system for recognizing judicial sales of ships across borders. It aims to make international ship transactions safer and more efficient. The Convention was developed by the United Nations Commission on International Trade Law and adopted by the UN General Assembly in 2022. I
Nagoya Port container throughput up 4% in January Port of Nagoya handled 201,973 TEUs of foreign-trade containers in January. This marked a 4% year-on-year increase. It was the port's first growth in two months. Nagoya Port Authority released the preliminary data. Throughput surged at Tobishima Pier North Container Terminal. Volumes jumped 299.9% to 6,693 TEUs. Tobishima Pier South Container Terminal recorded 22,754 TEUs, up 31.6%. Tobishima Pie
Two more shipping lines add Port of Riga to routes At the beginning of this year, two new container cargo lines started operating in the Port of Riga. The ships of the British company Ellerman City Liners will connect the Port of Riga with the ports of Gdynia, Teesport, Tilbury, and Rotterdam. Meanwhile, ships of the leading international sea container carrier company Hapag-Lloyd will operate on the route Wilhelmshaven-Hamburg-Klaipeda-Riga-Rauma
Valenciaport records mixed traffic performance The 7.77% increase in import container traffic during January was not enough to offset the 8.61% drop in export TEUs during the first month of the year. These figures, combined with a 2.98% decrease in empty container management, resulted in a total of 403,730 containers handled during the first month of the year, 3.93% less than in the same month last year. Something similar has happened with no
CMA CGM implements new surcharges for African and Mediterranean routes CMA CGM has announced two separate pricing adjustments to manage regional developments and maintain service reliability. These updates include an Equipment Imbalance Surcharge (EIS) for West Africa and a Rate Restoration Initiative (RRI) for Mediterranean shipments. Both changes take effect in March 2026. Equipment Imbalance Surcharge (EIS) in Côte d'Ivoire Starting March 1, 2026, the carrier wil
Gold Star Line included in Hapag-Lloyd's ZIM takeover Gold Star Line, ZIM's affiliated intra-Asia shipping line, will be part of the Israeli liner operator's US$4.2 billion sale to Hapag-Lloyd. Alphaliner said today that the takeover is expected to strengthen the intra-Asia presence of Hapag-Lloyd, which currently relies on slotting to move containers within Asia. Hapag-Lloyd announced on 16 February an agreement to acquire ZIM, through a structure
ZIM workers strike over job cuts amid $4.2B Hapag-Lloyd takeover According to Reuters and Calcalist, workers at ZIM Integrated Shipping Services halted all operations on Tuesday. About 800 unionized employees, out of 1,000 total, began the strike to demand job security guarantees. The action follows Germany's Hapag-Lloyd announcement to acquire ZIM for $4.2 billion. The strike started Sunday at ZIM's Haifa headquarters. Workers blocked some vessels at Ashdod a
Seanergy reports fifth straight profitable year Seanergy Maritime reported its fifth consecutive year of profitability and announced a cash dividend of $0.20 per share, highlighting a strong financial position as it enters 2026. For full-year 2025, the company recorded net revenues of $158.1 million and adjusted net income of $26.7 million. Adjusted EBITDA reached $81.7 million for the year. In the fourth quarter, Seanergy posted adjusted net
Port of Los Angeles January volumes fall after strong 2025 Port of Los Angeles handled 812,000 TEUs in January, down 12% compared to the same period last year. Executive Director Gene Seroka said the decline reflects several factors. He explained that January 2026 figures are compared with unusually high volumes in 2025, when importers rushed shipments ahead of new tariffs. Seroka also noted that inventories remain slightly elevated. He said this is due
AD Ports, BUA, and MAIR sign MoU AD Ports Group , BUA Group , and MAIR Group signed a Memorandum of Understanding (MoU). The goal is to explore sugar refining, edible oil production, and integrated logistics solutions. The partnership aims to build food processing facilities in Abu Dhabi and select international markets. It seeks to create a world-class agro-food ecosystem and a leading regional hub. The initiative supports the
How China won Panama before the West knew the game had started Beijing's two-decade digital embedding strategy explains why displacing Chinese influence requires more than a Supreme Court ruling
BMF Port Burgas joins ICHCA to boost safety and best practices BMF Port Burgas, a major operator at the Black Sea port of Burgas, has joined the International Cargo Handling Coordination Association (ICHCA). The company manages modern terminals handling containerized, bulk, liquid, and general cargo. It sees ICHCA membership as a key step in advancing safety and operational excellence. The partnership supports both organizations' shared goal: safeguarding wo
CLdN acquires Samskip's UK & Ireland container and multimodal operations CLdN has signed an agreement to acquire Samskip's quay-to-quay and door-to-door freight business between continental Europe and the UK & Ireland. The deal covers container shipping services from Rotterdam to the UK ports of Belfast, Blyth, Grangemouth, Hull, and Tilbury, and to the Irish ports of Cork, Dublin, and Waterford. These services handle over 1,000 port calls annually. They serve a broad
Costamare locks in $940m with 12 forward charters Greek container tonnage provider Costamare has locked in nearly $1bn in fresh contracted revenues after fixing 12 vessels on a forward basis for periods stretching up to eight years. The Konstantinos Konstantakopoulos-led group said in its quarterly earnings report the new deals will generate about $940m in incremental revenue and push fleet employment to 96% ...
DHT VLCC clocks $90,000 a day on one-year deal A 14-year-old VLCC pulling in $90,000 per day would have raised eyebrows not long ago. In today's market, it is the latest sign just how tight conditions have become for the world's largest crude carriers. New York-listed owner DHT Holdings has fixed the 2012-built 320,000 dwt DHT Opal on a one-year charter to an unnamed ...
United Maritime cashes out of offshore vessel JV Nasdaq-listed Greek bulker owner United Maritime has agreed to sell its stake in a Norwegian joint venture developing an energy construction vessel (ECV), locking in a profit as it reshuffles capital. The Stamatis Tsantanis-led spinoff of Seanergy Maritime said it will sell its equity interest for about €13m ($15.4m), generating a profit of roughly €1.7m. ...
Finnish roro player Godby books up to four newbuilds in China Finland's Godby Shipping has ordered two roro vessels at CIMC Raffles in China, with options for two more units. The privately owned Åland-based operator, established in 1972, said the order supports its plan to renew the fleet and meet tightening environmental requirements while continuing to offer tailor-made transport solutions to customers. The vessels will be ...
Fire claims two lives aboard Singapore-flagged bulker An engine room fire on the Singapore-flagged bulk carrier Mandy has claimed two lives, with a third crewman airlifted to a hospital. The 2010-built bulker, en route from Singapore since February 8, was hit by the blaze at 7:35 pm Singapore time on February 17, just shy of its scheduled Yantai arrival. The vessel crew ...
Marcura deepens tanker claims play with Shipdem buy Dubai-headquartered maritime tech firm Marcura has acquired UK-based chemical tanker demurrage specialist Shipdem from its parent company, Casper Shipping. The move strengthens Marcura's position in one of the most technical corners of the tanker market, where demurrage claims often hinge on tight contractual wording and complex cargo operations. Founded in 2012, Shipdem has built its ...
ZIM workers escalate strike action over Hapag-Lloyd takeover Workers at Israel's flag carrier ZIM Integrated Shipping Services have escalated strike action following news of its planned $4.2bn sale to Germany's Hapag-Lloyd. Around 800 unionised employees out of a workforce of roughly 1,000 began a warning strike on Sunday at the company's Haifa headquarters after reports of an imminent takeover. On Tuesday, the action ...
Caravel Group: Angad Banga outlines his vision In the wood-panelled world of Hong Kong shipping, succession is often a story of shaking things up. But for Angad Banga, the newly minted CEO of Caravel Group, the mandate is different. Sitting in an office that is notably not the corner suite - a space still occupied by his father, the legendary Harry Banga ...
Pantheon Tankers joins Greek VLCC rush in China Greek owner Pantheon Tankers Management has moved to further expand its crude fleet, ordering four very large crude carriers at China's Hengli Heavy Industry. Market sources say the Anna Angelicoussis-controlled company has contracted the yard for four 306,000 dwt VLCCs, with deliveries slated for 2028 and 2029. Estimated prices are said to range between $113m ...
Shadow fleet watchdog publishes treasure trove of tanker intel One of the world's keenest observers of the movements of the shadow fleet has thrown open much of its research. TankerTrackers.com, founded by Samir Madani eight years ago, uses daily satellite imagery, shoreside photography, and real-time AIS data to keep an eye on the dark fleet. This week it has added significant free resources with ...
Project wind-downs trigger Santos headcount reduction drive Australia's second-largest gas producer, Santos, is slashing 10% of its headcount, around 400 jobs from its 4,000-strong workforce, as major projects wind down and cost-cutting kicks in. The downsizing targets short-term staff and contractors following the Barossa gas field startup in September 2025 and the Pikka oil first flow in Alaska this quarter. "As these ...
SLB OneSubsea wins Equinor deal to boost North Sea field recovery SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has been awarded an engineering, procurement and construction contract by Equinor to upgrade the subsea compression system for the Gullfaks field in the Norwegian part of the North Sea. Under the contract, SLB OneSubsea will deliver two next-generation compressor modules to replace the ...
Landlocked Zimbabwe flags fraud to IMO after tanker's bogus registry link Landlocked Zimbabwe has become the latest African nation to flag a false registry to the International Maritime Organization (IMO). Zimbabwe has let the UN body know it has no registry or maritime authority, after a flag hopping aframax was linked to the nation. The 2005-built Range Vale, which database Equasis lists as owned by Range ...
Valaris secures nearly $900m in new rig awards and extensions New York-listed offshore driller Valaris has been awarded new contracts and contract extensions, with an associated contract backlog of nearly $900m. In the floater sector, the 2013-built Valaris DS-7 drillship won a five-well contract extension with Azule Energy offshore Angola. The contract extension is expected to commence in October 2026, in direct continuation of the ...
French let shadow aframax depart from Marseille The laden oil tanker Grinch, suspected of links to the Russian shadow fleet, has been allowed to leave French waters after three weeks immobilised off the Marseille-Fos oil terminal, authorities confirmed on Tuesday. The 2005-built aframax, falsely flagged to Comoros, had loaded crude at Russia's Arctic port of Murmansk, and was boarded by French forces ...
Thenamaris tied to $176m suezmax pair Broking sources link Nikolas Martinos-led Greek owner Thenamaris to its first reported move in the sale-and-purchase market this year, returning to the tanker segment for the first time in years with the acquisition of two 2022-built 158,000-dwt suezmaxes. The Shanghai Waigaoqiao-built Emeraldway and Sunriseway are understood to be changing hands from Idan Ofer's Eastern Pacific Shipping ...
Liberia's iron ore surge set to lift capesize demand Liberia's sudden push to expand iron ore exports is creating fresh opportunities for capesize employment in 2026, Braemar analysis indicates, as larger vessels begin to replace supramax and ultramax tonnage on key loadings. Discussions about West African bulk growth have centred on Guinea and Simandou, but Liberia is quietly moving up the curve. Official data ...
False flags are an evolution of the business model David Heindel from the International Transport Workers' Federation on the dangers lurking behind the maritime industry's use of flags of convenience. Recent reporting on false flags and the rise of shadow fleets has rightly raised alarms about maritime security, sanctions enforcement, environmental safety - and, too often as a secondary concern, seafarers rights. But much ...
Let the good times roll: Shipping stocks hit multiyear peak Shipping stocks are a niche category for traders, with market caps that pale in comparison to mainstream equities. Those niche...
Biogas maker wants US law to 'level the playing field' with FuelEU Biogas maker Vanguard Renewables says US biofuel regulation has to change to unlock the potential marine fuel market for bio-LNG...
US indicts master of VLCC seized in North Atlantic The US has charged Avtandil Kalandadze, the master of the very large crude carrier Bella I, which was boarded by...
Nordic Plan war risk policies may not protect ships against state seizure Leading lawyer highlights perceived problems with widely used standard terms
United Maritime exits ECV investment at a profit Nasdaq-listed company also agrees to sell oldest kamsarmax Owner sees capesize market as having best fundamentals among...
France releases stateless Grinch after fine is paid French foreign minister Jean-Noël Barrot said the tanker was to leave French waters following payment of a multimillion-euro fine
Royal Fleet Auxiliary crews threaten to strike Big majority vote for industrial action
Secondhand containership demand still strong despite freight market slump The growing disconnect between vessel asset prices and freight rates may be raising questions about how long this divergence can...
Costamare adds $940m in revenues as boxship demand holds US-listed containership owner forward-fixes a dozen vessels on charterers to start over the next three years
Red Sea traffic slows under seasonal challenges and increased security risk Red Sea traffic fell for a second month in January as seasonal softness combined with rising geopolitical tension, pushing Suez...
Zim workers take strike action following Hapag-Lloyd takeover Workers have been striking at the company's Haifa headquarters since Sunday, but are 'not allowing any kind of activity' at...
CLdN advances push into boxship sector with takeover of Samskip routes The acquisition will strengthen CLdN's growing container shipping portfolio, following the 2024 launch of Benelux-Ireland liner services and an order...
Godby Shipping pens ro-ro newbuilding order in China in fleet renewal move New order marks a significant fleet renewal step at a time when contracting activity in the ro-ro cargo segment has...
The Daily View: Forcing new tactics
Daily Briefing VLCC rates hit new cycle high as geopolitics buoys sentiment | Red Sea dark transits at two-year high | Russia...
Trucking executives buoyed by market signals as winter exit nears If trucking rates remain elevated into the spring, carriers will likely move to push prices higher on new and existing contracts in the second half of the year.
CMA CGM inks order for six dual-fuel LNG ships with India yard CEO Rodolphe Saadé said the deal deepened a strategic partnership between the carrier and India that has existed for almost 40 years, adding the liner would also expand its engagement in container manufacturing and ship recycling.
Greater capacity control needs hinder ocean reliability efforts The success of container lines in keeping vessel utilization high by removing functional capacity weakens the network and ups volatility in ocean reliability.
Growing energy cargo demand brings higher compliance burden As volumes of new energy generation and storage technologies increase, shippers expect more documentation, transparency and greater control over risk, according to project forwarders and carriers.
Okeanis Eco Tankers VLCCs averaging $104,000 per day in first quarter Greek tanker owner declares dividend of $1.55 per share after huge profit in fourth quarter
Japan tips MOL role in Texas VLCC terminal in trade deal with US Howard Lutnick says Texas GulfLink among beneficiaries of $550bn in Japanese investments in America
Hafnia tied to string of product tanker sales after receiving newbuilding quartet BW Group-controlled shipping giant may have shed up to 15 ageing product tankers since the summer of 2025
CMA CGM chief signs landmark container ship order in India Pen to paper on order for 1,700-teu sextet that are among the first to be built in the country
Subsidy switch leads Norwegian shipowners to fear flag viability Move to bring Norway in line with European Economic Area rules could see ships flee open registry
Caribbean islands exploited in latest false-flag scam Dutch government says 77 ships in January were using fake papers linked to former colonies
Heidmar adds experienced shipping arbitrator Jagmeet Makkar to board New director brings four decades of expertise in shipping to the vessel management operation
AP Moller Capital to pump $240m into Moroccan terminals and logistics Danish group's investment company says North African nation is a priority market
'Super-operator' Sinokor fixes three VLCCs in a day as spot rates head towards $150,000 per day Expanding South Korean owner accounts for 75% of fixtures reported on Tuesday, market sources suggest
Marcura snaps up chemical tanker claims specialist Shipdem Expanding tech firm clinches fourth acquisition in a year
Zim shares at 'baffling discount' as workers strike shows tension over $4.2bn takeover Stock price shows hurdles remain for Hapag-Lloyd to clear to close deal
Stabilis Solutions aims to green-light Galveston LNG bunkering facility and vessel in first quarter But one cruise ship customer opts to walk away from contract extension for LNG fuelling
Hastily handmade Russian flag failed to thwart US special forces Marinera VLCC was seized despite efforts to refashion Dutch flag
Costamare adds $940m of forward boxship charters in 'healthy' market Greek owner says deals begin over the next three years
Are MR product tankers the key to kick-starting the US shipbuilding revival? Policy experts urge the US government to order product carriers for its own account
Industry pushes back on attempts by European member states to coordinate scrubber bans Scrubber Water Action Group accused of jumping on the bandwagon without doing proper research
Sinokor-Aponte alliance driving tanker markets ever-higher DHT Holdings' confirmation of $90,000 per day one-year charter an 'even stronger market data point'
Seapeak steps on the gas as it eyes more LNG newbuildings Company intends to migrate Russian vessel operations from UK to Singapore in advance of 2027 services ban
Trafigura unit ships out first antimony cargo from Australian facility Milestone deal was struck with domestic buyer, trader tells TradeWinds
Masters fear ship safety at risk as IMO weighs sea-time training cuts Nautical Institute says plan to reduce months of sea training is not backed by evidence
Trafigura said to be adding product tanker firepower in swoop for Schoeller ships Trader linked to deal for two LR1 vessels for combined $42m
Valentine's Day order deepens Greek owner's ties with shipyard As it phases out older supramaxes, Almi Marine piles up ultramaxes ordered at the Nacks and Dacks joint ventures
SeaLead promotes shipping veteran as CEO Suleyman Avci leaves Singapore container line hands top job to Cho Kit Wei
Fearnleys eyes Oslo IPO spike and 'wave of M&A' as shipping attracts a new type of investor Investment bank sees strong deal flow in multiple areas as new money comes to the table
Pelagic Partners wins 'positive feedback' for plan to list new shipowning vehicle Oslo Stock Exchange says company will start trading by 27 May at the latest
Russia threatens to deploy navy if 'arrogant' Europeans squeeze shadow fleet harder Kremlin aide quoted as saying navy could be deployed to keep exports flowing
DNB sees 'deep discount' in Navios Maritime Partners stock Analyst sees stable earnings from diversified fleet and backlog coverage
Two killed as Everbright bulker hit by engine room fire off China Arrangements are being made for the capesize to be towed to Yantian port
NCL Holdings orders three cruise ships just days after new CEO takes the helm One of the trio will be operated by each of NCL's cruise brands
India steps up surveillance to prevent smuggling of US-sanctioned oil cargoes Country deploys coastguard armada to prevent ship-to-ship transfers of illicit oil in its maritime zone
PaxOcean hails new shipyard as 'future' of Singapore's maritime hub New facility incorporates a host of technologies that its managers believe make it one of the greenest in operation
More VLCC gold: 14-year-old DHT Holdings tanker fixed for $90,000 for one year Rate nearly matches that scored by Okeanis Eco Tankers on modern eco vessel
Iran claims to shut down Strait of Hormuz briefly as round of US talks end with 'progress' US and Iranian officials reach no agreement in second round of talks
Why Use a Dedicated Private Fleet in 2026? The transportation market has been shedding excess capacity since 2022, and shippers will finally start feeling the effects of a tighter market this year. After years of carrier attrition and dwindling equipment orders, the buffer that once absorbed sudden demand spikes has all but disappeared. As capacity shrinks quarter over quarter, shippers are watching spot rates climb by double digits. For
Feds target sham CDL trainers in multi-state sting WASHINGTON - The Federal Motor Carrier Safety Administration has issued notices of proposed removal to over 550 commercial driver's license (CDL) training schools, escalating a campaign that began late last year to purge the industry of CDL "mills" that fast-track unqualified drivers onto the nation's roadways. Over the course of five days - after mobilizing more than 300 investigators across 50
Catena Clearing Partners with REPOWR on better trailer tracking New York City-based data infrastructure company Catena Clearing is partnering with Chattanooga, Tennessee-based trailer marketplace platform REPOWR to provide verified trailer intelligence. A recent news release from Catena stated the partnership will embed Catena's normalized telematics and trailer signals directly into REPOWR's platform, which organizes short-term trailer leasing for thousands
Union Pacific CEO explains delay in revised merger filing Union Pacific's plans to submit its revised Norfolk Southern merger application slipped from March to April after federal regulators clarified how certain data must be formatted, UP Chief Executive Jim Vena said today. On Tuesday, UP (NYSE: UNP) and NS (NYSE: NSC) told the Surface Transportation Board that they would file their updated merger application on April 30. The railroads had previousl
Grain surge leads weekly U.S. rail freight higher Grain moved by U.S. railroads posted a breakout week and led winners over losers among all freight to stay marginally ahead of 2025. Rail traffic in the U.S. for the week ending Feb. 14 totaled 510,399 carloads and intermodal units, up 6.2% from the same week a year ago, according to data from the Association of American Railroads. Commodity freight came to 225,283 carloads, up 7.7%, while interm
FedEx doubles down on premium e-commerce, delivery surcharges FedEx delivered its bluntest message yet about its approach toward fast fashion and other low-cost parcel shippers at last week's Investor Day event, doubling down on its shift in recent years toward more high-margin B2B logistics relationships and premium direct-to-consumer shipments. E-commerce sellers looking for cheap, no-frills home delivery: Goodbye. And B2C retailers with more specialized
Diesel benchmark moves higher for fifth straight week The diesel price used for most fuel surcharges rose for the fifth straight week, climbing on the back of earlier gains in the futures market that before Wednesday had lost momentum in recent days. The Department of Energy/Energy Information Administration average weekly retail diesel price rose 2.3 cents/gallon Monday, announced a day late on Wednesday due to the President's Day holiday, to $3.71
EXCLUSIVE: Norfolk Southern, CMA CGM launch new 'truck-like' intermodal service Norfolk Southern and ocean carrier CMA CGM are partnering on a new intermodal option combining rail's network reach with the flexibility of truckload service. The offering under NS's Triple Crown brand is a door-to-door offering built around 40-foot high-cube containers. Sources say the service will initially be offered on lanes from the key maritime import hub of Los Angeles to Cleveland and Col
J.B. Hunt 'a little bit more positive' Management from J.B. Hunt Transport Services provided upbeat commentary at an investor conference on Tuesday. It said truck capacity has notably tightened, and that demand is trending a little ahead of prior expectations. "Demand seems to be a little bit more positive than what we were expecting early January," said Brad Delco, J.B. Hunt's chief financial officer, at Barclays 43rd Annual Industri
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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