Innovative RAPIDE 3000-Z2 pushboat is designed for Amazon Basin operations Canadian naval architect firm Robert Allan Ltd. has completed the design of the RApide 3000-Z2 pushboat, an innovative and challenging vessel tailored to the unique conditions of Brazil's Madeira River system. The
BV's Alex Gregg-Smith elected next IACS council chair The council of the International Association of Classification Societies (IACS) has unanimously elected Alex Gregg-Smith, president, Marine & Offshore, Bureau Veritas, to be its next chair. He will assume the role July
AMP applauds U.S. District Court dismissal of case challenging the Jones Act The American Maritime Partnership (AMP), the voice of the U.S. domestic maritime industry, is applauded a U.S. district court decision dismissing a challenge to the Merchant Marine Act of 1920, commonly known
VIDEO: Vard delivers fifth Norwind Offshore CSOV ahead of schedule Fincantieri's Norwegian subsidiary Vard reports that its Vard Søviknes shipyard has delivered NB 982, a new Commissioning Service Operation Vessel (CSOV) built for Norwind Offshore and Navigare Capital, ahead of schedule As
Union Maritime MR2 Tankers with WindWings® gain SOLAS approval Union Maritime and BAR Technologies have secured SOLAS approval for two MR2 tankers fitted with WindWings®. The Marshall Islands Flag State Administration and Bureau Veritas granted the approvals. The vessels are under construction at Wuhu Shipyard in China. They will use BAR Technologies' WindWings® to cut fuel use and emissions. The approval covers SOLAS equivalency proposals. These address bri
Melissa Curry rejoins NFI as VP of Global NFI has appointed Melissa Curry as Vice President of Global. She rejoins the company after holding several senior roles across logistics and fulfillment. Melissa brings deep operational experience in building and scaling complex supply chain networks. She has led multiple zero-to-scale projects across distribution, automation, and port-centric operations. She holds a U.S. Customs Broker license a
Inland Port Dillon sets rail volume record in 2025 Inland Port Dillon recorded its busiest year ever in 2025. The port handled 48,761 rail containers, up 33% from the prior year. Retail growth and a strong soybean season drove the increase. The inland port connects major retailers and agricultural producers in the Eastern Carolinas to global markets. It plays a key role in regional trade. In 2025, SC Ports worked with the South Carolina Departmen
Knut Ørbeck-Nilssen appointed interim DNV Group President and CEO DNV has appointed Knut Ørbeck-Nilssen as Interim Group President and CEO. He will serve while Remi Eriksen is on medical leave. Last week, DNV Group President and CEO Remi Eriksen was diagnosed with cancer. He is beginning treatment and will step away from his role for several months. Remi remains optimistic about his recovery. The DNV Board of Directors appointed Ørbeck-Nilssen for the period fr
When Silicon Valley intelligence platform merge with Korean shipyards Hundreds-of-millions contract transforms commercial shipbuilding into dual-use intelligence infrastructure, positioning Korean yards as data collection nodes for Pentagon-aligned analytics
AD Ports Group Completes Sale of Warehouses to Mair Group AD Ports Group announced the sale of KEZAD Logistics Park - KLP Free Zone 3 in Abu Dhabi, a free zone industrial and logistics group of warehouse assets to Mair Group. Located within KEZAD Al Ma'mourah, KLP Free Zone 3 benefits from proximity to Khalifa Port and direct access to major transport corridors, providing efficient connectivity to regional and international markets. The transaction comp
When Maritime Law Applies and When It Doesn't The geography of the Gulf Coast creates a unique intersection where land-based industries meet the vast operations of the open sea. For workers in this region, a typical day might involve tasks on solid ground, a moving vessel, or a stationary platform miles offshore. This environmental variety is a defining feature of the local economy that provides thousands of jobs to the community today. Dete
5 of the best electronic proof of delivery software providers for the UK Feeling overwhelmed by the number of electronic proof of delivery providers out there? You are not alone, but there is plenty of information online for those looking to put together a business case for a new software initiative. Here we provide an overview of some of the best electronic proof of delivery providers with a strong history of service in the UK, looking at their main features, length
Patras opens maritime gateway to Egypt The Port of Patras is set to play a new strategic role in East Mediterranean-Europe trade flows following the signing of a Letter of Intent to establish a direct maritime connection between Patras and ports in Egypt. The agreement was announced by the Port Authority of Patras S.A., marking an important step in strengthening commercial and transport relations between Greece and Egypt. It reflects
Drewry World Container Index drops 4% Drewry's Intra-Asia Container Index (IACI) fell 1% week on week in the third week of January to $661 per FEU. The index is now 9% lower year on year. The IACI tracks spot rates across 18 major intra-Asia trade routes. Drewry expects rates to remain stable ahead of Lunar/Chinese New Year demand in mid-February. Route rate movements: Busan - Shanghai: down 9% to $53 Ho Chi Minh - Shanghai: unch
Danaos partners with Glenfarne to advance Alaska LNG project Danaos Corporation has announced a strategic partnership with Glenfarne Group aimed at advancing the Alaska LNG project, marking Danaos' entry into a major North Pacific energy development. Under the agreement, Danaos will make a USD 50 million development capital equity investment in Glenfarne Alaska Partners LLC. In addition, Danaos will serve as the preferred tonnage provider to construct and
RIKON wins first major contract in Africa RIKON has secured its first contract on the African continent. The company won an international tender to transport a Double Jib Level Luffing crane, one of its core products. The project covers the transport of a fully assembled crane from the port of Nador to the port of Safi in Morocco. Marsa Maroc, the country's leading port operator, awarded the contract. The operation is highly complex. It
OCEAN Alliance marks 10 years with launch of "Day 10 Product" CMA CGM, COSCO SHIPPING, Evergreen Line, and OOCL have officially launched the OCEAN Alliance "Day 10 Product", marking 10 years of collaboration and strengthening the world's largest operational liner shipping network. With 41 weekly service loops , nearly 390-394 vessels , and 5.2-5.3 million TEUs of deployed capacity , the Day 10 Product is the most comprehensive alliance network ever created
Red Sea return different approaches - CMA CGM retreats as Maersk doubles down After Maersk committed to structural Suez normalization, CMA CGM reversed course exposing fundamental disagreement over Red Sea return
What's behind Egypt's dual-chokepoint strategy in Djibouti? Cairo positions for dual-chokepoint control as Houthi attacks reshape Horn of Africa maritime competition
CLdN launches new Rotterdam-Porto container service CLdN will launch a new weekly LoLo container service between Rotterdam Distriport and Leixões (Porto). The service responds to rising customer demand on this route. The new offering will complement CLdN's two weekly return RoRo sailings between Rotterdam/Zeebrugge and Leixões. Together, the services increase capacity and flexibility for customers. CLdN will deploy container vessels alongside RoRo
Misurata Free Zone to become regional transshipment hub The Misurata Free Zone has partnered with Qatar's Maha Capital Partners (MCP) and Terminal Investment Limited (TIL), the MSC Group's investment arm. They aim to modernize and expand the port. The goal is to make it a major Mediterranean logistics hub. This is Libya's largest non-oil infrastructure project since 2011. The port will grow to handle 4 million TEUs per year. Development will include u
OOCL unveils 2026 product line-up OOCL has announced its 2026 product line-up following the signing of OCEAN Alliance Day 10 products. The update reflects changing customer needs and market conditions. Since forming OCEAN Alliance in 2017, OOCL and its partners have focused on competitive services and reliable networks. In 2026, the alliance further refines port rotations, expands coverage, and improves service reliability. The D
Medlog begins operating Dhaka box terminal: Plans to halve costs to attract users Medlog S.A, a subsidiary of the shipping giant Mediterranean Shipping Company (MSC), stated operating the Pangaon Inland Container Terminal (PICT) in Dhaka on Saturday. Bangladeshi Shipping Adviser Brigadier General (Retd) Dr. M Sakhawat Hussain inaugurated the Medlog's operation of the terminal
Relationship Concerns and the Role of Social Media Activity Social media has changed how relationships feel long before it changed how they look. Arguments no longer start only from words said out loud. They start from what was liked, followed, watched, or quietly avoided. Instagram activity has become a layer of communication that runs parallel to real conversations, often louder and far less precise. For many people, relationship concerns today are not
Contargo expands into Adriatic via Cargo-Center-Graz On 1 January 2026, Contargo acquired 50% of Cargo-Center-Graz Logistik GmbH (CCGL). The partnership strengthens both companies. Contargo expands its network to Adriatic ports, while CCGL gains future rail connections to Contargo's network. CCGL at Cargo Terminal Graz acts as a central logistics hub. It manages block trains between Graz and southern ports. It also handles truck pre-carriage and on
FedEx names Board for new independent FedEx Freight FedEx Corp. announced the ten-member board for FedEx Freight ahead of its spin-off on June 1, 2026. R. Brad Martin, FedEx Corp. executive chairman, will serve as chairman. John Smith, the incoming FedEx Freight CEO, will also join the board. The board includes leaders with expertise in transportation, logistics, finance, and technology. They will guide FedEx Freight as it becomes a standalone com
IMO welcomes entry into force of BBNJ agreement The Biodiversity Beyond National Jurisdiction (BBNJ) Agreement enters into force in January 2026. It becomes the first global treaty to protect marine life in international waters. The agreement sets legally binding rules for the sustainable use of ocean resources on the high seas. It applies beyond national jurisdictions. The treaty covers marine genetic resources and benefit sharing. It introdu
Alpha Gas inks $500m LNG carrier order at Hanwha Ocean Greek gas shipowner Alpha Gas has resurfaced in the newbuilding market, placing an order for two LNG carriers at South Korea's Hanwha Ocean. The shipbuilder said the contract, secured for its Okpo yard in Geoje, is valued at KRW738.3bn ($503m). Hanwha Ocean did not disclose the buyer, describing it only as an "Oceania-based shipper", but ...
Western Bulk launches lumber and project cargo unit in Bergen Norwegian dry bulk operator Western Bulk has created a new lumber and projects team based in Bergen. The company said that it marked an important step in the expansion of its commercial platform and the focus on developing strong niche capabilities alongside its core bulk operations. The new desk will commence operations on May 1, ...
C3is adds product tanker from Vafias stable Harry Vafias-backed C3is has agreed to buy a South Korean-built product tanker as it continues to build out its mixed dry bulk and tanker fleet. The Athens-based owner said it has struck a deal to acquire a 2011-built, 47,203 dwt vessel for $22.9m from an entity affiliated with Brave Maritime, a company linked to members ...
Okeanis Eco Tankers lines up fresh suezmax resales Greek tanker owner Okeanis Eco Tankers is looking to further expand its suezmax fleet, unveiling plans to acquire two newbuilding resales in South Korea alongside a proposed equity offering. The New York- and Oslo-listed company, controlled by the Alafouzos family, said it has signed a deal to purchase two 157,000 dwt tankers currently under construction ...
Seadrill lands new work for trio of rigs Offshore drilling player Seadrill has picked up fresh contract cover across Malaysia, Norway and Brazil, firming up forward earnings for three units in its fleet. The New York-listed rig owner said the ultra-deepwater drillship West Capella has secured a new well-based contract in Malaysia with an undisclosed operator. The programme is due to start in ...
Sallaum Lines shifts headquarters to Cyprus Car carrier owner Sallaum Lines has moved its headquarters from Switzerland to Limassol, Cyprus, as it looks to sharpen its footing in Europe and support the next phase of fleet and business growth. The company said the relocation brings it closer to key European markets, regulators and maritime partners, while placing it at the centre ...
Danaos steps into LNG with Alaska project tie-up Greek owner Danaos is widening its reach beyond boxships and bulkers after striking a strategic partnership with US energy infrastructure player Glenfarne Group on the Alaska LNG project. The Nasdaq-listed company said it will invest $50m in development capital through Glenfarne Alaska Partners, while also lining up as the preferred tonnage provider for at least ...
ZeroNorth hands CEO role to Andersen as founder Meyer steps aside Maritime digital optimisation firm ZeroNorth is changing leadership as it moves into its next phase of growth, appointing Soren Andersen as chief executive. Andersen will take over from founder CEO Soren Meyer, who is stepping down after leading the Danish company from start-up to one of shipping's most widely used digital platforms. ZeroNorth was originally ...
Costamare tied to a dozen boxship newbuilds Greek containership owner Costamare is being linked to a fresh round of newbuildings, with market sources pointing to an order for up to 12 mid-sized containerships at Chinese yards. Brokerage and liner intelligence sources say the Konstantinos Konstantakopoulos-led group has either placed firm orders or entered advanced talks for twelve 9,200 teu vessels with yards ...
Kumiai Navigation lines up newcastlemax pair at Japanese yard Kumiai Navigation is set to expand its dry bulk fleet, with market sources pointing to a newcastlemax newbuilding order at home in Japan. The Singapore-based owner, part of Japan's Kumiai Senpaku group, has lined up a deal at Kawasaki Heavy Industries for two 210,000 dwt bulk carriers, according to shipbuilding players, with deliveries set for ...
Sinokor splurge pushes VLCC big six towards 30% grip Sinokor's remarkable hoovering up of available VLCC tonnage continues this week, the Korean name being attached to a host of tanker sales on multiple broking reports. The dramatic VLCC build-up over the past seven weeks is propelling the Korean owner to the top of the VLCC ownership charts, as well as creating a concentration of ...
Geneva Dry Dialogues: Dualog Morten Lind-Olsen, the CEO of Norwegian software provider Dualog, is looking forward to the third edition of Geneva Dry, the world's premier commodities shipping conference scheduled for April 28 and 29, as an "arena" to catch up with changes, echoing what many regular delegates have said of the show's ability to pair digital innovation with ...
China Merchants Energy Shipping adds four boxships to orderbook China Merchants Energy Shipping (CMES) is adding feeder capacity after confirming plans to order four 3,000 teu containerships from a group-affiliated yard in China. In a regulatory filing, the Shanghai-listed shipping arm of China Merchants Group said the newbuilds will be contracted through a wholly owned subsidiary with China Merchants Jinling, part of China Merchants ...
Grupo Carso to buy Lukoil's Mexican offshore fields Carlos Slim-owned Mexican conglomerate Grupo Carso has decided to buy Lukoil's stake in the Ichalkil and Pokoch offshore oil fields. Grupo Carso will buy Lukoil subsidiary, Fieldwood Mexico, for $270m and pay off $330m of Fieldwood's debt to its parent firm. The conglomerate initially bought a 50% stake in the fields, a 58 sq km ...
TGS Bonaparte Basin project supports exploration in Australia Oslo-listed seismic data specialist TGS will be working on the Bonaparte Basin PSDM reprocessing project, a new multi-client initiative offshore Australia. The project includes the reprocessing of the Cygnus 3D, Cartier 3D, Grand Ashmore 2D, and Vulcan 2D data sets. The Cygnus and Cartier 3D surveys will undergo a comprehensive PSDM workflow, incorporating full waveform ...
Blackstone looking to sell Beacon Offshore for over $5bn US investment firm Blackstone is considering the sale of Houston-based oil and gas player Beacon Offshore Energy. According to reports from several major news outlets, the price tag on the sale could exceed $5bn. Blackstone is discussing with investment banks to bring Beacon Offshore to the market during the first quarter. Beacon, which has been ...
Metrostar returns to container shipping Greek tanker owner Metrostar Management Corp, backed by Theodore Angelopoulos, is re-entering the container shipping sector. According to Alphaliner, Metrostar has acquired two 1,296 teu container vessels from compatriot Contships Management - the Contship Eve II and Contship Max II - for an undisclosed sum. The Contship Eve II is currently chartered to X-Press Feeders, ...
London Gateway challenges Felixstowe for UK boxport supremacy London Gateway is on track to dethrone Felixstowe as the UK's leading boxport, marking a significant turning point in the competitive port market. London Gateway, operated by DP World, reported unprecedented growth of over 50%, reaching a milestone of more than 3m teu for the first time. The robust growth has been fuelled by the ...
US seizes seventh tanker linked to Venezuelan trades US military forces boarded and took control of a seventh oil tanker connected with Venezuela on Tuesday as part of the Trump administration's broader efforts to take control of the oil in the South American country. The Sagitta's registration says it is owned and managed by a company in Hong Kong. The ship was hit ...
DNV appoints Ørbeck-Nilssen as temporary CEO Knut Ørbeck-Nilssen is taking over the reins temporarily at Norwegian class society DNV. Ørbeck-Nilssen, who has been head of DNV Maritime for years, will take over for seven months while the organisation's president and CEO, Remi Eriksen, undergoes treatment for cancer. Cristina Saenz de Santa Maria will become interim CEO for the maritime division through ...
Maritime leaders need clarity as geopolitical events reshape industry dynamics Emanuele Grimaldi, chairman of the International Chamber of Shipping, writes exclusively for Splash today, detailing the evolving geopolitical and regulatory pressures facing our industry. Our sector is operating in a world where geopolitical and business volatility is becoming the rule rather than the exception, hampering progress towards the goals of both individual organisations and the ...
Do Okeanis' offerings point to revival of NAV-premium equity raises? It's a great time to be an investor in crude tanker equities. Rates are booming. And yet, there is trepidation...
Ofac lifts sanctions on Greek shipowner targeted in identity theft scheme Greek shipowner Altomare and its operated VLCC Kallista were delisted by the US Treasury Department after it had emerged that...
Dominguez calls for states to focus on the substance at NZF debate Arsenio Dominguez says the big questions about the IMO carbon price are not new, and countries need to address them...
Bauxite demand drives capesize optimism Capesize rates have rebounded in recent days from the usual January lows, but there are reasons to be optimistic even...
Crack down on 'Mickey Mouse flag states', Marshall Islands urges The recent proliferation of substandard flags does not mean the current system of ship registries is unfit for purpose, argues...
Danaos further diversifies fleet with foray into LNG shipping A move by Danaos into LNG shipping will add more long-term charter cover, complementing the company's containership leasing backlog
MSC fuels hot secondhand boxship market as vessel values hold firm Robust charter earnings are discouraging most owners from selling but some tonnage providers are cashing in on firm asset values
IQAX chief: eBL the infrastructure for programmable trade finance, not the endgame IQAX is betting that interoperability and carrier-driven scale will turn eBL from a digitised document into the trigger for programmable...
The Daily View: Pragmatic resilience reigns, for now
China Merchants orders four 3,000 teu boxships Deliveries are scheduled for 2027-2028
Daily Briefing CMA CGM's surprise retreat doesn't alter momentum toward Red Sea reopening | CMA CGM pulls back from Red Sea, but...
Ocean Alliance adding Vietnam calls to North America for 2026 The carrier consortium released details of its new network showing a slight uptick in port calls primarily from Southeast Asia and small rotation changes on the US East Coast.
Norfolk Southern reopening second terminal in congested Louisville Container flows at the railroad's primary Appliance Park terminal slowed considerably in December and into January after it implemented a new appointment system for truck drivers to pick up import boxes.
Broker Echo buys ITS Logistics to build drayage, intermodal presence The deal will create a company with more than $5 billion in revenue across truckload brokerage, managed transportation services, and port-related offerings.
Buyer's market for US importers belies risks in contract talks Shippers should heed signs that ocean carriers have managed to keep the decline in Asia imports from sinking the market, reflecting a modicum of control and price restraint.
Supply chain certainty, rather than price, will shape shipping in 2026 As shippers realize that threats to service are not periodic but systemic, their focus on reliability will only intensify this year, writes Peter Tirschwell.
Fearnleys says bulker demand looks set to peak this year Fundamentals could mean that this year is even better than last year
Bulker operators Navision and BaltNav to merge into handysize and supramax heavyweight Operators are both part of the Navision group and will create a platform of around 60 vessels
Changing Argentina becomes more attractive to Navios Logistics Business conditions are improving, but some 'country risk' remains
Interferry demands EU halt emissions trading phase-in Failure to include road transport in the parallel scheme, fund allocation and lack of an IMO framework cause for concern
'That's our territory': Trump doubles down on demands for Greenland In Davos speech, US president rules out military action but leaves trade war measures still on the table
Trafigura snaps up entire future green jet fuel output from pioneering South American plant Syzygy facility in Uruguay will convert biogas into sustainable fuel for tanker export
Near-term LNG carrier deliveries set to outrun new supply volumes, Fearnleys says Shipping market to tighten from next year but will not necessarily be 'tight'
European Maritime Finance sees 'lot of opportunities' with several initiatives for 2026 Danish investor targets alternative-fuel vessels
Petrobras' shipowning arm orders five LPG carriers Transpetro order is part of a 25-vessel newbuilding target for fleet renewal programme
Navios Logistics still mulling listing a year after withdrawing IPO effort Chief executive of Angeliki Frangou-controlled outfit celebrates US investors in Oslo bond
Dark fleet at turning point, Lloyd's Register tanker boss says Theo Kourmpelis reveals how he sees 2026 panning out for vessels dealing in sanctioned oil
Capesize spot rates running hot as charterers rush to cover cargo supply Unusual strength comes as cargo supply grows and vessel supply runs down
Norway's Amon Maritime hires dry bulk chartering head Martin Langabo previously worked for Eastern Bulk Carriers, Nordic Shipping and Western Bulk
Greek players dash to sell older supramax bulkers amid strong demand Overseas appetite for ageing tonnage offers fleet renewal opportunities to veteran Hellenic owners
Alpha Gas confirms LNG carrier pair at Hanwha Ocean Shipowner returns to yard where it contracted newbuildings in 2018
EU import ban on Russian-origin oil products begins India has switched some crude buying to the Middle East ahead of the new ban
Vitol ships first cargo from Venezuelan storage tanks as tanker bottlenecks start to clear Shipment on Greek vessel will allow more crude to be produced in South American country
Greek players dash to sell off older supramax bulkers amid strong demand Overseas appetite for ageing tonnage offers fleet renewal opportunities to veteran Hellenic owners
Okeanis Eco Tankers raises $130m in US equity market for more suezmax resales Overnight fundraiser pays for vessels sold in asset play by Atlas Maritime and European Maritime Finance
Alpha Gas linked with LNG carrier pair at Hanwha Ocean Shipowner returns to yard where it contracted newbuildings in 2018
Soren Meyer steps down at Maersk and Cargill-backed ZeroNorth Optimisation company's chief executive and board agree that fresh leadership is required
Polar perspective puts new spin on Trump's Greenland grab Is Russia and China's Northern Sea Route action another factor shaking US Arctic nerves?
Sallaum Lines switches headquarters from Switzerland to Cyprus Car carrier owner says relocation brings it closer to key European markets
International Seaways upgraded to 'buy' as Pareto sees 'extreme tailwind' for tankers Target price for the company lifted to $64 from $57
Classic Maritime hires co-founder and CEO of Mira Bulk Carl Tyler is moving from one Greek bulker operator to another
Dalian Shipbuilding wins order for up to four product tankers Trader Mercuria said to be behind the order worth about $288m
Charterer allegedly leaves Yun Hao Shipping with unpaid bunker bill MPP arrested in India after charterer allegedly skips out on payments
Canada's seaborne crude oil exports surge as it decouples from US economy Aframaxes the main beneficiary as exports to China alone have grown from zero to 12.3m tonnes in just two years
To build or buy? VLCC owners face slim choice Roaring sentiment, oil production promise, fast-moving geopolitics and a tanker-hungry buyer narrow new and secondhand price premiums
Tufton Assets spies opportunities in 'underappreciated' bulker sector UK shipping fund says dry cargo offers interesting investment candidates
Russia calls on US to release its seafarers from seized runaway VLCC Foreign minister Sergei Lavrov expects Russian crew members to be allowed to leave the Marinera
Navigare Capital-backed owner sells modern wind vessel to the Danish military Denmark addresses serious security situation with acquisition of the Norwind Helm
Western Bulk Chartering hires ex-Norden team in Bergen A three-strong team will help with the company's diversification effort
Iran-flagged VLCC seized in commando raid up for auction The Arman 114 was boarded on suspicion of illegal oil transshipment
China Merchants Energy invests $190m in its first-ever container ship newbuilding order China Merchants Jinling will be building four ships for delivery between 2027 and 2028
Shipping investor Kistefos banks $15m in bond tap issue Tap was priced at a premium, at 101% of par
Wan Hai Lines takes an unconventional route to recycle fire-ravaged container vessel Dubai marine engineering company APT Global tasked with disposing of the remains of Wan Hai 503
Dalian Shipbuilding scoops up to four long-range product tanker orders Trader Mercuria said to be behind the order worth about $288m
US seizes seventh tanker for defying Trump's Venezuela 'quarantine' Vessel was blacklisted a year ago as part of sanctions against Moscow
Profit sinks at Vantage as shipbroker looks to take over more firms Firm adjusts business to counter volatility of Trump tariffs and sanctions
Okeanis Eco Tankers hitting US equity market for $115m follow-on raise Overnight fundraiser would pay for resale deal for two suezmax newbuildings at $93m each
First look: Knight-Swift Q4 earnings miss mark Knight-Swift Transportation reported a headline net loss of $6.8 million, or 4 cents per share, for the fourth quarter on Wednesday after the market closed. The result included $52.9 million in noncash charges stemming from its recent decision to roll the Abilene Motor Express brand under Swift Transportation . Excluding the one-time charges, adjusted EPS was 31 cents per share, 5 cents worse yea
Rail networks brace for severe weather As you are aware, a major winter storm is forecast to impact the south-central and eastern U.S. late this week - regions that are generally less equipped to handle severe winter weather. As the National Weather Service describes it, "an expansive winter storm will start Friday in the Southern Rockies/Plains and Mid-South." The resulting ice, snow, and extremely low temperatures are expected to si
New Trump Greenland threats rattle global shipping President Donald Trump this week threatened to impose 10% tariffs, escalating to 25% by June, on eight European nations for opposing the sale of Greenland to the United States. But as events unfolded, then threat seemed to be over just as fresh anxiety started to reverberate through a global shipping industry hoping to shore up uneven rates across regions. Trump on Wednesday posted that he would
Trucking Alliance's safety agenda 1: reforms that hit the driver cab first The Trucking Alliance, which in terms of numbers is one of the smaller industry lobbying and support groups but which includes some of the bigger players in trucking, has long focused on safety issues in its efforts to shift public policy. After a tumultuous 2025 in the intersection where trucking, safety and politics all came together in often unexpected ways, the group is laying out its agenda
Prologis sees U.S. warehouse market tightening through 2026 Warehouse operator Prologis said Wednesday that the market has turned and that key metrics like net absorption, occupancy and rents will improve throughout 2026. It noted on a quarterly call with analysts that vacancy rates have already peaked and rents are turning positive in some markets. The San Francisco-based real estate investment trust said it achieved record lease signings in 2025, securi
Outgoing governor signs New Jersey hazmat rail bill Outgoing New Jersey Gov. Phil Murphy on Tuesday signed into law a bill regulating hazardous-material trains in the state, one of more than 120 bills he approved on his final morning in office. Mikie Sherrill was sworn into office as the state's new governor later in the day. The bill passed by large margins last month in the state Assembly and Senate. It requires two-person crews for trains carry
From invoice processing to strategic advantage: The evolution of freight audit and payment For decades, freight invoice auditing occupied a quiet corner of the transportation or accounts payable department. The function was straightforward and limited in scope: audit the invoice, see if the charges look correct, and pay the bill. Finance teams received post-payment validation and basic reporting. Transportation departments received very little information other than what the transporta
Echo Global Logistics acquires ITS Logistics to create $5.4 billion combined entity Chicago-based Echo Global Logistics announced that it has signed a definitive agreement to acquire Reno, Nevada-headquartered ITS Logistics, one of North America's fastest-growing third-party logistics (3PL) providers. The deal, announced Wednesday, will create a combined entity with pro forma 2025 revenue of approximately $5.4 billion, expanding Echo's scale while integrating ITS's specialized s
Benchmark diesel price rises after eight weeks of declines After eight weeks of declines, the benchmark diesel price has turned higher. The Department of Energy/Energy Information Administration average weekly retail diesel price, used as the basis for most fuel surcharges, rose 7.1 cents/gallon to $3.53/g, posted Tuesday but effective Monday. It is the first upward move since the DOE/EIA price hit a recent high price of $3.868/g on November 17, the last
FMCSA Delivers on 30-Year Promise With Motus Registration System After three decades of failed attempts and a fraud epidemic, the agency rolls out what it should have built in 1996 If you got an email from FMCSA this week telling you to prepare for Motus, you might have rolled your eyes. Another government IT project. Another promise to modernize. We've heard this song before. This one actually matters. FMCSA has been trying to build a unified online registrat
Major container carrier reverses course on Red Sea return One of the world's biggest ocean container carriers has changed course, again diverting vessels away from the Red Sea just weeks after making a highly-publicized return to the troubled Middle East trade route. French carrier CMA CGM this week said its FAL 1, FAL 3 and MEX services will again operate via the Cape of Good Hope around the southern tip of Africa. The route adds as much as two weeks t
What happens if Dallas gets iced in? Dallas-Fort Worth, the sprawling economic powerhouse often dubbed the Big D, stands on the brink of a potential shutdown this weekend as a brutal winter storm barrels in. With a population exceeding 8 million across more than 16,000 square miles, making it the fourth-largest metro area in the U.S., DFW isn't just a big city in Texas; it's a global freight nexus. Home to major corporations, distri
Winter storm targets key freight corridors across the Southeast A powerful winter storm is setting its sights on a wide swath of the Southeast and the lower Midwest this weekend, bringing a dangerous mix of snow, freezing rain, and ice that could significantly disrupt road travel and regional freight movement. Meteorologists say the setup is particularly concerning for southern states that are less equipped to manage prolonged winter weather, especially ice.
Subzero temps will freeze U.S. trucking this weekend As an Arctic air mass plunges southward, the United States braces for brutally low temperatures this weekend, January 24-25, 2026. Forecast models predict highs in the single digits to below zero across the Upper Midwest, with wind chills dipping to -30°F or lower, while the South and East could see teens to low 20s-unseasonably frigid for regions like Texas and the Carolinas. (Map: National Ocea
Prologis sees record lease signings in 2025 Logistics warehouse operator Prologis signed a record number of new leases in 2025 as more customers go long on real estate following a prolonged downturn and trade war scare. Prologis (NYSE: PLD) reported fourth-quarter consolidated revenue of $2.09 billion on Wednesday, up 8% year over year and in line with analysts' expectations. Core funds from operations (FFO) of $1.44 per share also match
Cargo theft remains elevated across U.S. and Mexico as organized crime adapts Cargo theft across North America remained elevated in the fourth quarter, with organized criminal groups increasingly targeting rail corridors, major freight hubs and high-value consumer goods, according to new data released by BSI Consulting . The report shows theft risk clustering around dense transportation nodes in the U.S. - including Southern California, the Chicago metro area, Memphis and
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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