As U.S. steps up strikes, Hormuz crossings hit three week low As CENTCOM completed new rounds of attacks on Iranian targets and stepped up blockade enforcement actions, including vessel boardings, Kpler reported today that Strait of Hormuz traffic continued to weaken on July
GAO: No comprehensive plan for CPS hypersonic missile deployment The Navy is installing the Conventional Prompt Strike (CPS) hypersonic missile on three ships and plans to add it to some future submarines. The Army is also buying the missile. Together, the
Maine Maritime Academy welcomes new NSMV training ship to revamped pier The new NSMV training ship State of Maine arrived at Maine Maritime Academy's Castine, Me., campus for the first time this past Sunday. And while most of our coverage of the NSMV
House and Senate committees pass WRDA 2026 On July 14, the House Transportation and Infrastructure Committee unanimously approved H.R. 9497, the Water Resources Development Act (WRDA) of 2026. On July 15, the Senate Environment and Public Works Committee also
Lake Charles pilots take delivery of new Gladding-Hearn pilot boat With three Gladding-Hearn Shipbuilding pilot boats already in their fleet, the Lake Charles pilots have taken delivery of the Calcasieu Pilot from the Somerset, Mass., shipyard. The pilots, who took delivery of
Baltic Exchange: Container freight rally loses momentum The recent rally in container freight rates is showing signs of slowing, according to the latest Baltic Exchange Market Report . After several weeks of strong gains, the major east-west trade lanes recorded either declines or little change during the week ending 17 July , suggesting that the recent upward momentum has eased. The biggest weekly decline came on the China/East Asia-US West Coast rou
Maersk updates AC1 and AC2 services between Asia and Latin America Maersk has announced updated configurations for its AC1 and AC2 services connecting Far East Asia with Latin America's Pacific coast, as part of the carrier's Modular Network strategy aimed at strengthening regional connectivity. The revised AC2 service will link Far East Asia with the West Coast of Latin America through the rotation Ningbo - Tanshan - Busan - Lazaro Cardenas - Manzanillo (Mexico
Port of Hartlepool acquires Konecranes mobile harbour crane The Port of Hartlepool has welcomed a new Konecranes Gottwald ESP.6 mobile harbour crane following assembly and testing in Antwerp. The 390-tonne crane offers a maximum lift capacity of 125 tonnes and a working radius of up to 49 metres, further enhancing the port's cargo handling capability. The new crane joins the recently acquired Sennebogen 875M materials handler as part of the port's ongoing
MSC announces new India, Pakistan, Sri Lanka and Bangladesh-Europe freight rates MSC Mediterranean Shipping Company has announced new Freight All Kinds (FAK) rates from India, Pakistan, Sri Lanka and Bangladesh to Europe. The new rates will take effect on 1 August 2026. They will remain valid until further notice, but no later than 31 August 2026. For shipments from India and Pakistan, rates to Antwerp range from US$4,650 to US$4,950 per container. Rates to Valencia range fro
Genoa completes new outfitting quay at Sestri Ponente shipyard The Western Ligurian Sea Port Authority has completed a new outfitting quay at Genoa's Sestri Ponente shipyard. The project marks the first completed phase of the port's €440 million expansion programme. The new facility is now fully operational. It features a 315-metre quay and a 15,000-square-metre operational yard. The infrastructure will support the final construction and outfitting of next-g
Drewry World Container Index slips as peak season momentum eases The Drewry World Container Index (WCI) fell 2% this week to US$4,547 per 40ft container, ending 10 consecutive weeks of gains. Drewry said the decline suggests that the strong peak season momentum is beginning to ease. However, carrier capacity management continues to support freight rates. On the Transpacific trade, spot rates from Shanghai to Los Angeles fell 3% to US$6,272 per 40ft container.
What Houthis re-activation could cause? Iran has asked Yemen's Houthi movement to be ready to shut down the Red Sea oil route should the United States strike Iranian power infrastructure, a move that would place one of the world's most sensitive shipping arteries directly in the line of fire
IAG Cargo expands India network to 70 weekly UK flights IAG Cargo will launch a third daily service between London Heathrow and Delhi from 19 September 2026, expanding its UK-India network to 70 weekly flights this winter. The new year-round service will be operated by British Airways using a Boeing 787-8 Dreamliner. The expansion follows strong demand on the India trade lane. Between January and May 2026, IAG Cargo recorded a 12.6% increase in outbou
HAROPA PORT ships 8.4 million tonnes of grain in record export season HAROPA PORT exported 8.4 million tonnes of grain through its Rouen terminals during the 2025/2026 grain marketing year, reinforcing its position as France's leading grain export gateway. The result marks a 61% increase from the previous campaign, when exports reached 5.2 million tonnes. It also exceeds the 10-year average of 7.4 million tonnes, making it one of the strongest grain export seasons
EU ETS revenues: Rail groups call for reinvestment EU ETS revenues should be reinvested into rail infrastructure, according to eight European rail organisations. In a joint statement, they urged the European Commission to direct part of the carbon market's income towards freight corridors, intermodal terminals and rail infrastructure. The call comes ahead of the European Commission's planned revision of the European Union Emissions Trading System
How a Gulf crisis is redrawing the map of the region's ports A security crisis around the Strait of Hormuz did not just hit one port. It changed the way an entire region from the Persian Gulf to the Indian Ocean thinks about its trade
Automar launches rail corridor to strengthen Gioia Tauro automotive logistics Automar, part of the Grimaldi Group, has launched a new rail corridor linking Livorno, Pontecagnano and Gioia Tauro in partnership with FS Logistix, GTA and the ALIS logistics association, strengthening automotive logistics connections between central and southern Italy. Operated by Mercitalia Rail, the service provides a round-trip connection between Livorno, Pontecagnano and Gioia Tauro, creati
COSCO SHIPPING launches CHX3 Peru-Costa Rica service COSCO SHIPPING Lines has launched its new Chancay Express Service 3 (CHX3), introducing the first regular weekly container service linking Paita and Chancay in Peru with Caldera in Costa Rica. The new route strengthens regional connectivity and supports more efficient supply chains across Latin America. Paita Port, a key container and cold-chain gateway in northern Peru, serves major agricultural
RXO partners with Highway to strengthen freight security RXO has partnered with Highway to strengthen freight security and improve carrier onboarding through advanced identity verification and real-time shipment tracking. The partnership integrates Highway's Carrier Identity platform into RXO's operations. The technology will help verify carrier information faster and reduce the risk of freight fraud. RXO is also deploying Highway's Load Lock+ ELD Trac
Port of Corpus Christi sets records for best quarter and best first half Port of Corpus Christi customers moved 55.8 million tonnes of commodities through the Corpus Christi Ship Channel in the second quarter of 2026, establishing the best single quarter in the port's history and surpassing the previous record of 54.5 million tonnes set in the first quarter of 2026. The consecutive record quarters combined to produce the strongest first half in port history, with 110.
CEVA Logistics extends GSK distribution center contract in Poland CEVA Logistics has extended its contract with GSK for another five years. The agreement covers the management of GSK's pharmaceutical distribution center in Robakowo, near Poznan, Poland. CEVA has operated the facility since 2012. The company said the renewed contract reinforces its role in GSK's supply chain across Northern and Central Europe. The Robakowo hub is one of four strategic European d
Tropical Shipping orders four Konecranes mobile harbor cranes Tropical Shipping has ordered four Konecranes Gottwald ESP.6 Mobile Harbor Cranes to strengthen container handling in Florida and the U.S. Virgin Islands. Konecranes booked the order in the second quarter of 2026. Delivery and commissioning are scheduled for Q2 2027. One crane will be deployed at Riviera Beach, Florida. One will go to St. Croix and two to St. Thomas. The cranes will be the first
DP World deploys electric terminal tractors at Jeddah DP World has deployed 35 electric terminal tractors at Jeddah Islamic Port's South Container Terminal, expanding the facility's terminal tractor fleet by over 20% and marking a further milestone in the company's US$ 800 million long-term investment programme to transform SCT into one of the region's most advanced, efficient and sustainable container terminals. The deployment is expected to reduce
Freightos Q2 platform activity beats expectations Freightos reported preliminary second-quarter platform metrics that exceeded management's expectations, driven by stronger transaction growth and higher gross booking value (GBV). The company recorded a record 458,000 transactions during the quarter. That was 15% higher than a year earlier and above its guidance of 437,000-444,000 transactions. Gross Booking Value (GBV) reached a record US$422 mi
Kuehne+Nagel expands cloud-based warehouse platform to more than 1,000 sites Kuehne+Nagel is rolling out a cloud-native version of its KN SwiftLOG warehouse management system across more than 1,000 sites in nearly 100 countries. The company said the upgrade marks one of the largest warehouse digitalization projects in the logistics industry. KN SwiftLOG now runs on Blue Yonder's Warehouse Management Solution. The platform also introduces agentic AI capabilities to improve
Erasmus stacks up boxship orders with fresh China deal Athens-based Erasmus Shipinvest has returned to CSSC Huangpu Wenchong Shipbuilding for two firm 1,900 teu feeder containerships, with options for two more. The John Su-led owner signed the contract with Huangpu Wenchong and CSSC Trading in Dalian. Financial terms and delivery dates have not been disclosed. The ships are based on Huangpu Wenchong's Swan feeder ...
COSCO signs for four Qingdao Beihai newcastlemaxes Chinese dry bulk giant COSCO Shipping Bulk has added four newcastlemaxes at CSSC Qingdao Beihai Shipbuilding. The contract was signed with China Shipbuilding Trading and ICBC Financial Leasing also involved in the deal. No price or delivery schedule has been disclosed, although shipbuilding sources have tipped the quartet for handover in 2029. The 210,000 dwt ...
Splash Wrap: Chokepoints under siege Over the past five days, the Hormuz crisis has worsened sharply. A 7,000 teu Global Feeder Shipping containership was attacked and caught fire, forcing the crew to abandon ship and prompting fresh US and Iranian strikes. Traffic fell to a five-week low as Tehran declared the strait closed, while Washington insisted it remained open. Donald ...
Topline and Aesen target Philippine offshore wind boom Philippine firm Topline Equity Corporation has launched a strategic joint venture with Singapore-based marine and offshore services provider Aesen to support the country's growing offshore wind, offshore energy, and maritime infrastructure sectors. The joint venture, named Aesen Topline Offshore, is being positioned to capture opportunities arising from an estimated 600bn Philippine pesos ($9.73b
Taylor Maritime calls time on five-year London run London-listed bulker owner Taylor Maritime will cease trading once the company completes the sale of its remaining assets and returns the proceeds to shareholders. The Ed Buttery-led outfit said its accounts for the year to the end of March had been prepared on a non-going concern basis following the decision to pursue an orderly wind-down. ...
European lawmakers demand Fayard drop Arc7 repair work More than 100 parliamentarians from 16 European countries have demanded Danish shipyard Fayard stop servicing the specialised ice-class Arc7 tankers that keep Russia's Arctic LNG exports moving, ramping up pressure on the last yard in the EU still accepting the fleet. An open letter to Fayard chief executive Thomas Andersen, published today, was signed by ...
Study maps out path for Mediterranean offshore wind A new study has revealed that clear rules, robust infrastructure, and grid readiness matter as much as technology for growing the offshore wind sector in the Mediterranean. Politecnico di Torino's MOREnergy Lab and WindEurope have studied how to speed up offshore wind development in the Mediterranean, with the goal of turning the region's wind potential ...
Hyundai robot passes world-first shipboard driving test Hyundai Motor and Kia's mobile robot platform MobED has successfully completed the world's first onboard autonomous driving demonstration aboard a working vessel, a step its backers expect to accelerate the era of smart ships, in which robots are deployed in cargo areas for safety inspections and material transport. Classification society Korean Register, together with Hyundai ...
Exmar clears out five gas carriers Belgian gas shipowner Exmar has agreed to sell five LPG carriers in a deal expected to generate a $35m profit. The package includes the 2016-built Kortrijk, 2018-built Wepion and 2017-built Kruibeke, three midsize gas carriers with capacities of between 38,200 and 38,500 cu m. Exmar is also selling the 2009-built fully pressurised vessels Joan and ...
Strike threat delivers bigger pay deal for Neo Next workers Offshore workers at Neo Next+ Energy's Elgin Franklin and North Alwyn platforms have secured a bumper pay deal after the threat of strike action. Around 50 offshore workers employed by Neo Next have backed an enhanced pay deal after a series of strikes was set to begin on July 22. The workers rejected pay offers ...
Iran primes Houthis to shut Bab el-Mandeb The risk of the Red Sea shipping crisis erupting again has risen, with Iran reportedly asking Yemen's Houthi movement to prepare to close the Bab el-Mandeb Strait if the United States attacks Iranian power infrastructure. Three sources told Reuters that the proposal has been discussed by Iran's leadership and conveyed to the Houthis, while a ...
Petronas extends Indonesian FPSO charter to 2036 Malaysian oil company Petronas Carigali has negotiated an extension for the Ratu Nusantara FPSO, operating on its Bukit Tua oilfield offshore Indonesia, for another decade. The floating production vessel, which will stay off Indonesia until 2036, will generate long-term revenue for Malaysia's state of Sabah through Sabah International Petroleum (SIP) and its subsidiary, PT M3 ...
SCFI falls again as peak season appears to have peaked The good news for ocean carriers is that spot rates remain exceptionally high, despite the recent pullback, implying strong profits...
The Daily View: Good news for some
The rise and fall of Gabon's shadow fleet ship register Gabon has severed ties with sanctioned ship registry operator Intershipping Services, ending the relationship that briefly turned the west African...
Brussels proposes extending ETS to smaller ships, reserves billions for green shipping The European Commission's plan to overhaul the Emissions Trading System from 2030 would earmark billions for shipping decarbonisation and include...
Why the Diana-Genco 'odyssey' is more difficult to predict than you think The takeover battle between rival dry bulk companies seems to have been rumbling along forever, but may not be coming...
Super El Niño set to harden marine insurance premiums Double whammy from weather event and armed conflicts will mean more claims, TT Club warns
Gulf states race to make Hormuz less relevant The latest Iran-Hormuz crisis has accelerated gulf states' efforts to build pipelines, ports and rail links that bypass the world's...
Middle East port update: Friday, July 17 Vessel movements at Kuwait's Shuaiba Port remain suspended for both inbound and outbound traffic due to safety reasons
Trial of Smyrtos master set to become test case for criminalisation of shadow fleet seafarers The UK's prosecution of Ajay Pant, captain of the seized shadow fleet tanker Smyrtos, is shaping up to become a...
Hormuz conflict continues as Iran retaliates and US forces board vessel amid blockade Renewed attacks in the Strait of Hormuz are set to keep transits at bay as the IEA chief warns global...
Daily Briefing Russian attacks deter shipowners from calling at Ukrainian Black Sea ports | Baltic Exchange indexes take curiously different paths amid...
Baltic Exchange indexes take curiously different paths amid Hormuz crisis As the security situation violently seesaws back and forth in the Strait of Hormuz, the dynamics have changed for Baltic...
US LTL carriers expanding networks, but still playing catch-up with lost capacity The sector is adding and expanding terminals, but data shows its overall door count is still almost 5% below its COVID-era 2022 peak.
Most 2026 newbuilds head into disrupted container trades Trades most impacted by the Red Sea diversions and closure of the Strait of Hormuz are getting more new ships, offsetting longer and delayed voyages, data shows.
Intermodal's 'value proposition' strongest in a decade: J.B. Hunt Hunt set a company record for intermodal volume in Q2, with the gains coming as shippers increasingly turn to intermodal as they struggle to secure truckload capacity and absorb fuel price spikes linked to the war with Iran.
Carriers attempt extra-loaders to US, Europe to capitalize on Indian export rush With vessel space increasingly scarce, cargo rollovers on certain premier westbound services out of India's key gateway ports of Nhava Sheva and Mundra have been as high as 2,000 to 3,000 TEUs per sailing in recent weeks, industry sources say.
Airlines put Middle East return on hold as hostilities resume Carriers were due to restart flights to hubs in the region later in the summer, but a collapse of the ceasefire between the US and Iran has extended route suspensions.
Friday stocks rout on war escalation helps send shipping shares down 3% on week
Wavelength: Should the mariner be the fall guy when shadow vessels break sanctions? Plus: Money raisin' in Copenhagen
Danish shipyard rebuffs fresh call to end Russian LNG carrier work Shipyard responds to letter from European signatories
US boards VLCC as fighting reignites in Gulf Tanker was sanctioned by US authorities in 2024 over Iran links
Middle East Gulf tanker shuttle service slows as Iran and US trade blows Hormuz tanker transits and STS operations fall off as conflict rages on
What happens when Wall Street starts moving freight? Financial innovation is reshaping freight markets but not necessarily making them safer, argues Dr Kelly Gerakoudi
African flag state severs ties with sanctioned registry operator EU and UK blacklisted Intershipping Services for its role in flagging Russian shadow fleet
Guiding Stars: Claire Jungman has been tracking ships before you knew what AIS was Plenty are turning to places like MarineTraffic to figure out the ever-more-prominent shipping industry and Jungman was among the first
Swire Group promises 'most efficient newbuildings', when the time is right UK giant still holding back on fleet renewal in high-cost environment
Container freight market begins to turn after early peak-season surge After months of dramatic gains, spot rates are falling as front-loaded demand fades
Zeaside Capital targets bigger tankers as platform strategy takes shape Investment firm targets 20,000-dwt vessels after taking over Alba Tankers
Iranian owner moves into container ships with new order in China Kamal & Adel has previously been known for its tug fleet
Clarksons hires offshore broker from Wartsila as it expands in Brazil Genil Mazza joins growing team in Rio
Tanker drifting after armed pirate group boards off Yemen South Korean warship is heading to scene of incident
Salvor revenues slashed with wreck removals sharply down Total losses have fallen over the past decade due to improved design and safety devices
Tanker damaged in projectile strike while crossing Strait of Hormuz Vessel attacked off Oman able to continue its journey, with no casualties reported
MPC Container is following the market, not changing course, says Constantin Baack Move to acquire bigger ships ranks Hamburg-based tonnage provider as most active of its peers in S&P market
Underwriters on the hook for $3.6m after mine strike off Ukraine Lloyd's underwriters had claimed they should not have to pay out because of bogus documents
Three-quarters of ships in Strait of Hormuz go dark as missiles rain down Windward data shows tankers leading the way in terms of turning AIS off
George Procopiou's Dynagas cited as Greece blocks new EU sanctions on Russian LNG Financial Times says ambassador named Dynagas as the reason Athens cannot support new measures
French wind start-up scores pioneering kite contract from offshore FPSO sector Beyond the Sea team up with Technip and SBM Offshore to develop kite system for use on FPSOs while under tow
Serial seller Taylor Maritime to cease trading in 'orderly wind-down' Five years on from London IPO, Ed Buttery-led company is facing the end of the road
Danske Bank's shipping book expands as it takes 'larger bite out of the market' Norway boss sees high activity among customers
Newbuildings and new customers to drive 'solid growth', says Nordea global shipping boss Higher client activity and a growing newbuilding pipeline boost outlook
Pareto Bank grows shipping book boosted by offshore loans Lender sees increased exposure in third quarter
Hyundai LNG Shipping sale nears finish line Sinar Mas' stalled $270m bid could close as early as September
Cosco Shipping Bulk orders newcastlemax quartet at Qingdao Beihai Chinese bulker giant keeps on the green path with four methanol and ammonia-ready newbuildings
French wind startup scores pioneering kite contract from offshore FPSO sector Beyond the Sea team up with Technip and SBM Offshore to develop kite system for use on FPSOs while under tow
John Su's Erasmus Shipinvest lines up new container ship order in China In the space of five months, Erasmus has inked five newbuilding contracts worth nearly $680m at Chinese shipyards
Hyundai LNG Shipping sale inches towards the finish line as one final review remains outstanding South Korean media reports indicate Indonesian conglomerate Sinar Mas may get its prize as early as September
SONAR Sitrep: Freight market pushes shippers toward network flexibility Transportation programs built around single-carrier lanes, fixed modes and rigid procurement cycles are facing their costliest stress test in years, according to a new freight intelligence report examining how shippers can protect service and cost when market conditions shift. The recent SONAR Sitrep report , arrives as key market indicators signal carrier leverage at multi-year highs. The SONAR
Saronic picks Texas port for $3B shipyard, betting on defense manufacturing boom Autonomous maritime technology company Saronic announced Thursday that it has selected the Port of Brownsville , Texas, as the site for Port Alpha, a planned $3 billion-plus next-generation shipyard. Saronic officials said the shipyard will dramatically expand U.S. shipbuilding capacity while creating up to 10,000 jobs in South Texas. "America's maritime future depends on our ability to build aga
The AI Experimentation Phase Is Over The AI conversation in logistics has shifted. on s. In the latest installment of Lean Quarterly Dive with FreightWaves and the team at Lean Solutions Group (LSG), Thomas Wasson sat down with Alfonso Quijano, chief technology officer and co-founder at LSG, to talk about how AI and automation are actually playing out inside freight brokerages and logistics companies. For much of 2025, frontier AI l
High yields, Covid-like volumes drive 23% gain in United's cargo revenue United Airlines' cargo revenue increased 22.6% to $527 million in the second quarter as the carrier benefited from a sharp rise in air cargo rates related to disruptions from the Iran war and the strongest volumes since the Covid-fueled boom in 2020. Global cargo demand grew 4% in the first half of the year and surged 7% in June, while capacity barely changed. But shipping space on aircraft fell
Chargebacks in Trucking Factoring: What They Cost You That's where chargebacks come into play-and if not handled carefully, they can quietly erode your profits and hurt your business. In this guide, we'll explain what chargebacks are, how they influence your factoring costs, and what steps you can take to reduce your risk and choose a partner who truly protects you. What Are Chargebacks in Freight Factoring? Factoring helps trucking companies unlock
Credit vs Factoring in Trucking: It's About Financial Fit If you're a carrier operating in today's freight market, with tight margins, rate volatility, and rising operating costs, the real issue isn't the tool. It's whether the financing actually fits how your trucking business runs day to day. Because in trucking, survival comes down to one thing: keeping cash moving at the same speed as freight. Why Financing Fit Matters More Than Financing Type Every
Mexico heavy-duty truck production, exports to US rebound in June Mexico's heavy-duty truck manufacturing sector showed renewed momentum in June, with production and exports rising year over year after more than a year of sluggish performance. Manufacturers in Mexico assembled 15,262 heavy-duty trucks and buses during June, a 7.6% increase from the same month in 2025, according to from the National Institute of Statistics and Geography (INEGI) and the National
The Visibility Gap: Why Fleets Can't Fix What They Can't See Fleet maintenance costs are rising fast, and most fleets lack the visibility to manage them strategically. FreightWaves partnered with Kooner Fleet Management Solutions to survey fleet professionals on what's really driving up costs - and why over 80% still haven't adopted the AI tools they say would help most. Insights include: Why fragmented data, not parts or labor, drives rising costs The gap
2026 air cargo rates could rise 15% due to Iran war impacts Long-term contract rates businesses pay to move air freight are expected to rise 5% to 15% this year, instead of retreating, because the resumption of hostilities between Iran and the United States is once again reducing airline capacity through the critical Middle East corridor, freight analytics firm Xeneta said in a market outlook published on Friday. Xeneta's initial forecast at the start of
C.H. Robinson's AI Success: Real Tech or Clever Restructuring? Summary View Transcript C.H. Robinson has been lauded as the most successful AI company in logistics, but how much of this is truly AI-driven innovation versus strategic business restructuring? We dive into their approach, exploring the balance between cutting-edge AI, lean methodologies, and the crucial element of human change management. Learn how they navigate cultural shifts, leverage data-dr
Logistics AI: Why Drivers PREFER Talking to Bots (Shocking!) Summary View Transcript CloneOps CEO David Bell reveals how AI agents are transforming the modern supply chain. Discover why drivers prefer interacting with AI for critical logistics updates and how this shift is enhancing efficiency and accuracy. Bell shares insights on building a profitable AI company and the real impact of intelligent automation on operations. Summary unavailable. The post ap
Freight M&A: Why is Private Equity 'Bullish' on the Next 18 Months? Summary View Transcript Despite a recent slowdown, the freight M&A market is buzzing with excitement. Investment banking director Eddie Zukowski explains why he's bullish on the next 12-18 months, driven by macroeconomic stability, recovering freight rates, and a massive $2 trillion capital logjam from private equity. Discover what's hot, what's not, and how hybrid operating models are becoming t
Intermodal Booms: Why J.B. Hunt & Shippers Win Big | FreightWaves Earnings Summary View Transcript The Q2 earnings reports from Prologis and J.B. Hunt reveal critical shifts in the freight market. Discover how tight warehouse capacity is driving record lease signings and why intermodal is presenting massive opportunities for shippers looking to cut costs. We break down the diverging rate trends between truckload and intermodal, showing where the smart money is moving an
Private Equity in Trucking: Why Most Deals Fail (and 1 That Didn't) Summary View Transcript Private equity's track record in asset-based trucking is 'painful,' according to Spencer Tenney of The Tenney Group. Learn why traditional private equity models struggle in this sector, and what ingredients are essential for successful, specialized freight investments like the nine-figure Texas Trans Eastern deal. Discover how understanding market cycles and partnering wit
Cass: TL linehaul rates advance in June, volume inflection delayed Freight shipments backed up in June but expenditures, led by higher truckload rates and fuel surcharges, continued to advance, according to a monthly report from Cass Information Systems. The multimodal shipments component of the Cass Freight Index fell 4.1% year over year in June, a downward acceleration from the 1.2% y/y dip logged in May. Shipments slid 3.1% from May to June (down 2.9% seasona
SBTC faces uphill battle in bid to strip New York, California of CDL authority, experts say The Small Business in Transportation Coalition (SBTC) has sharpened its legal arguments in its effort to force the Federal Motor Carrier Safety Administration to decertify the commercial driver's license (CDL) programs of New York and California. However, transportation experts say the unprecedented lawsuit faces long odds. In filings submitted July 10 to the U.S. Court of Appeals for the Distric
August 2019: Two Trucks and a Fresh Start. Today: Nearly 40 Trucks, 140 Trailers, and a 40-Year-Old Carrier I have known Jerry Murphy for almost two years. We talk every couple of weeks. And I can tell you there is no version of him for the cameras. The man you hear on this episode is the same man I get on those calls. He did not have a driver's license when he started his trucking company. It was suspended, for reasons connected to the drinking that had already cost him most of a career. He had a felo
Unified Agenda at FMCSA spells out ambitious plans for coming year The Unified Agenda of the Department of Transportation (DOT), and in particular that part of it that applies to the Federal Motor Carrier Safety Administration, is a laundry list of ongoing processes and aspirational goals that leaves significant room for interpreting what the department and FMCSA's priorities are for the coming months and year. The agenda released earlier this month is the first
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