Crist books contract to build Estonia's first fully-electric ferry Estonian State Fleet (Riigilaevastik), which operates a broad range of Estonian Government vessels, yesterday signed a contract with Gdynia, Poland, shipyard Crist S.A. to build Estonia's first fully electric ferry, marking a
USCMI Innovation Café puts focus on small modular reactors for maritime The U.S. Center for Maritime Innovation (USCMI), together with MARAD and ABS, recently brought together maritime, energy, and public-sector leaders for an Innovation Café event focused on small modular reactor (SMR) nuclear
San Francisco's Lind Marine has a new owner Tallvine Partners, the Miami-based independent investment advisor that last year acquired Donjon Marine, has now acquired San Francisco-headquartered Lind Marine LLC from Kingswood Capital Management LP. Terms of the transaction were not
Ship Repair USA: Shiplifts aim to cut downtime, increase capacity Marine Log's Ship Repair USA 2026, scheduled for June 23-24 at the Hyatt Regency Jacksonville in Jacksonville, Fla., will feature a session examining how shipyard infrastructure investments are reshaping repair efficiency, vessel
New AWO chair Matt Woodruff slams Jones Act waiver The members of the American Waterways Operators (AWO) elected a new slate of leaders last week, and its new chairman of the board, Matt Woodruff, VP, public & government affairs, at Kirby
DNV verifies effectiveness of Jotun's "always clean hull" solution Sandefjord, Norway-headquartered coatings specialist Jotun says that its Hull Skating Solutions (HSS), has received independent verifications from DNV, confirming that vessels maintained clean hulls, with no measurable speed loss during the period
Bunker market stays volatile in Week 21 The global bunker market remained broadly stable during Week 21, with limited price fluctuations shaping overall market dynamics. The 380 HSFO index increased by US$16.69, rising from US$776.06/MT to US$791.75/MT and approaching the psychological US$800 mark once again. The VLSFO index also moved higher, gaining US$8.91 week-on-week to US$952.60/MT, compared to US$943.69/MT the previous week. Mea
LAUNCH2 partnership launched in Rotterdam region The LAUNCH2 partnership has officially commenced, announced during the World Hydrogen Summit and Exhibition 2026 in Rotterdam. The initiative brings together the Port of Rotterdam Authority, the Municipality of Rotterdam, the Municipality of Schiedam, the Province of South Holland, InnovationQuarter, TU Delft, TNO and Smart Delta Drechtsteden in a coordinated effort to accelerate hydrogen innovat
Sea-Intelligence: Rethinking the Schedule Reliability Average In Sea-Intelligence's analysis of service-level schedule reliability (Issue 765 of the Sea-Intelligence Sunday Spotlight ), they found that the global average masks a deeply fractured market. Instead of uniform operations across all trade lanes, some trade lanes are seeing a high percentage of highly stable services, while others are experiencing a rise in highly volatile services. Source: Sea-In
MSC integrates Port of Kribi into intermodal network MSC Mediterranean Shipping Company has expanded its intermodal operations in Cameroon by integrating the Port of Kribi into a door-to-door logistics solution, strengthening cargo connectivity between Cameroon and key inland markets across the region, including Chad and the Central African Republic (CAR). The service combines ocean freight, port operations and inland road transport into a single c
Kpler acquires CITAC to strengthen African energy market intelligence Kpler has acquired CITAC to expand its coverage of African energy markets. The acquisition strengthens Kpler's trade intelligence and analytics platform by adding deeper coverage of Africa's downstream oil and refining sector. Kpler said clients will gain more detailed visibility into African refining activity, product flows and trading operations through the integration of CITAC's regional exper
CMA CGM announces new PSS charges on multiple trade routes CMA CGM announced several new Peak Season Surcharges (PSS) across Africa, North America and Mediterranean trade lanes. From 25 May 2026, CMA CGM will apply a US$300 per TEU surcharge from China to West Africa Central destinations, including Nigeria, Côte d'Ivoire, Benin, Ghana, Togo and Equatorial Guinea. For shipments from China to West Africa South destinations such as Angola, Congo, DRC, Namib
Explainer: Manila's trade ambition and the AIIB shadow Manila is building toward a trade identity as the announcement that the Asian Infrastructure Investment Bank will extend US$300 million to the upgrade of three container terminals. AIIB to lend to ICTSI for terminal expansion
Hapag-Lloyd annual general meeting approves all resolutions Hapag-Lloyd AG shareholders have approved all agenda items put to a vote at the company's annual general meeting, including the appropriation of net profit and the payment of a dividend of EUR 3.00 per share. "2025 was a good year for Hapag-Lloyd. We increased our transport volumes well beyond market growth and achieved solid results despite lower freight rates and higher operational costs. For t
CMA CGM launches Mekong Transpacific Express between Vietnam and US West Coast CMA CGM is strengthening its Vietnam-US network with the launch of the new Mekong Transpacific Express (MTE) service. The carrier will transform its existing Java Sea Express (JAX) into the new weekly transpacific loop focused on direct Vietnam-US West Coast connectivity. MTE will provide direct calls from Haiphong and Vung Tau to the US West Coast through a CMA CGM-operated service. The company
CMA CGM increases Asia-Europe FAK rates for early June CMA CGM announced new Freight All Kinds (FAK) rates from Asia to North Europe, the Mediterranean and North Africa for the first half of June. The updated rates will apply from 1 June to 14 June 2026 based on loading date at origin ports. For shipments from Asia to North Europe, CMA CGM set rates at US$2,900 per 20-foot container and US$4,700 per 40-foot, high cube and reefer container. The North
AIIB to lend to ICTSI for terminal expansion The Asian Infrastructure Investment Bank will provide a US$ 300 million senior unsecured corporate loan to ICTSI to support the expansion and upgrade of three container terminals across the Philippines. The transaction, AIIB's first non-sovereign-backed loan in the Philippines, was signed during a ceremony attended by ICTSI Chairman and President Enrique K. Razon Jr. and AIIB President Zou Jiayi
Iran establishes Persian Gulf Strait Authority The Islamic Republic of Iran has formally defined its regulatory jurisdiction over the Strait of Hormuz and established the Persian Gulf Strait Authority (PGSA) to oversee and manage transit through one of the world's most strategically critical waterways. According to the PGSA, Iran has delineated the controlled maritime zone as the area between the line connecting Kuh-e Mubarak in Iran to the s
Behind South Korea's Arctic gambit South Korea's state-funded NSR container trial is less about shipping economics and more about fracturing China's grip on the polar corridor with Russia's quiet cooperation
Hellenic Shipping: Strategic Success Drivers and High-Value Opportunities The global maritime sector is navigating an unprecedented era of change, pushing Hellenic Shipping to balance rigid environmental mandates like the EU MRV and IMO DCS with the volatile costs of regulatory compliance. At the recent high-level Maritime Technical Networking Summit held at the Grecotel La Riviera in Greece, a panel of prominent industry figures gathered to dissect these pressing issu
Fujairah Terminals signs land lease agreements to expand logistics capabilities Fujairah Terminals , part of AD Ports Group , has signed three strategic land lease agreements with Fujairah International Airport , Fujairah Free Zone Authority and Al Dahra Agriculture Trading . The agreements aim to strengthen logistics connectivity and support trade growth across regional and international markets. The leased areas cover a combined 130,000 square meters and will support the e
Valenciaport strengthens North Africa trade ties at Logismed Casablanca Valenciaport participated in the Logismed Casablanca international trade fair, North Africa's leading logistics and supply chain event, with a delegation led by Port Authority of Valencia President Mar Chao. The visit formed part of the authority's strategy to consolidate its role as a strategic gateway for trade between Europe, Africa and the Mediterranean, and to strengthen its commercial prese
CEVA Logistics opens automated distribution center in China CEVA Logistics has opened a new automated distribution center in Alashankou, China, strengthening its trans-Eurasian road transport network. The 4,300-square-meter facility supports freight flows between China, Central Asia, the Caucasus and Europe. Located inside the Alashankou Free Trade Zone near the Kazakhstan border, the site serves as a consolidation hub for Less-than-Truckload (LTL) cargo
NorthPort reports key milestones NorthPort has completed several significant testing and installation milestones as part of its ongoing three-year structural upgrade programme, with works at Pier 16 and Terminal 1 progressing in line with the approved schedule. Works on the initial 40-metre segment at Pier 16, within a designated 100-metre work area, have been underway since April 2026. Pile Dynamic Analysis testing conducted on
Ciner adds ammonia carriers to growing multi-sector orderbook Turkish industrial conglomerate Ciner Group has been linked to another major newbuilding investment after South Korean shipbuilding giant HD Hyundai disclosed an order for very large ammonia carriers (VLACs) worth about $715m. The contract has been awarded by what the yard group described as European shipowner and covers the construction of six dual-fuel VLAC/LPG carriers ...
Latsis-linked EuroHoldings grows product tanker exposure with second Latsco purchase Nasdaq-listed Greek owner EuroHoldings has expanded its presence in the product tanker market with the acquisition of another MR unit from fellow Latsis family-linked owner Latsco Shipping. The company said it had agreed to acquire the 2015-built 49,997 dwt Hellas Fighter for $39.25m, with delivery expected between mid-June and mid-August 2026. EuroHoldings said the purchase ...
Zodiac expands tanker orderbook with quartet of suezmax newbuilds London-based Zodiac Maritime is stepping up its investment in crude tanker tonnage, ordering four suezmax newbuildings in China as it continues a broad fleet renewal programme across multiple shipping sectors. The company has contracted the vessels at Jiangsu New Hantong Ship Heavy Industry, taking its suezmax orderbook to nine ships. The latest quartet is scheduled ...
Saipem eyes Brazil's offshore decommissioning market with Petrobras tie-up Italian offshore contractor Saipem is positioning itself for a larger role in Brazil's emerging decommissioning market after signing a cooperation agreement with Petrobras to explore solutions for retiring ageing offshore oil and gas infrastructure. The companies have signed a memorandum of understanding covering a range of end-of-life activities, including well plug and abandonment work, subsea
DeepOcean wins North Sea FPSO decommissioning contract DeepOcean has secured a contract to support the decommissioning and removal of a floating production, storage and offloading vessel in the UK North Sea, adding another major assignment to its growing decommissioning portfolio. The ocean services specialist will carry out subsea disconnection work and support the vessel's tow to shore as part of a wider ...
Wood secures new offshore engineering role in Qatar UK engineering group Wood has been awarded a contract by China Offshore Oil Engineering Company (COOEC) to deliver a scope of detailed design for QatarEnergy's Bul Hanine EPIC project, located offshore Qatar. Wood will support COOEC to design an optimised solution for the field's complex pipeline network to enhance production capacity and extend asset life. ...
Pakistan relaunches offshore oil hunt after 18-year hiatus Pakistan has reopened its offshore energy frontier to oil and gas exploration after an almost 18-year gap, signing agreements for 23 deepwater blocks in a bid to reduce dependence on imported fuel and reshape the country's economic future. The country's Federal Minister for Petroleum, Ali Pervaiz Malik, finalised 21 new production sharing agreements (PSAs) and ...
Redundancies as Maersk green think tank feels the squeeze The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping is cutting jobs as the influential maritime decarbonisation organisation reshapes itself for what it sees as the next phase of the industry's energy transition. The Copenhagen-based non-profit confirmed the workforce reduction in a letter from chief executive Bo Cerup-Simonsen accompanying its latest assessment of global shipping ...
China's container manufacturing dominance in the spotlight China's dominance in container manufacturing - both dry and reefers - has been discussed repeatedly by politicians in Washington DC in recent years, and is something that is very much in the spotlight this week following the US Department of Justice indicting four of the world's largest shipping container manufacturers and seven executives for running ...
SPIE wins EDF maintenance deal for French offshore wind farm French engineering group SPIE has signed a contract with EDF for the maintenance of the Saint-Nazaire offshore wind farm. As the lead contractor for a consortium comprising Valemo and Services Voltige, Spie will be responsible for maintaining the foundations of the 80 wind turbines and the offshore electrical substation. The contract begins in May 2026 ...
OSV owners resist newbuilding spree despite offshore market recovery The offshore supply vessel (OSV) market has entered a very different dynamic from the cycles of the 2000s and 2010s, with the current PSV and AHTS orderbook at just 4% of the live fleet, the lowest level in recent history. Two decades ago, when oil prices reached $100 per barrel and E&P budgets surged, OSV ...
Borr Drilling secures fresh jackup work in Suriname and Vietnam Offshore jackup rig player Borr Drilling has announced in its fleet status report that it has secured new contracts for two of its rigs. The 2013-built jackup Sif was awarded a letter of award from an undisclosed operator in Suriname. The work will start in July and end in October 2026. Splash has previously reported ...
First coordinated VLCC transits through Hormuz raise cautious hopes of a thaw Three VLCCs transited the Strait of Hormuz outbound on Wednesday in what maritime intelligence firm Windward described as the strongest single indicator yet of a coordinated operating protocol on the corridor - the first sign in almost 12 weeks that some form of guided passage may be resuming through the critical oil chokepoint. Two Chinese-controlled ...
Norwegian North Sea keeps TGS busy with new survey awards Oslo-listed seismic data specialist TGS has been awarded two contracts in the Norwegian North Sea. The first deal is for 4D streamer work for an unnamed client. A Ramform Titan-class vessel is scheduled to mobilise for the project in late July, with an estimated duration of approximately 45 days. The second is an OBN contract, ...
Indonesia moves to centralise commodity exports through state-run trading arm Indonesia has announced plans to route all exports of coal, palm oil and ferroalloys through a government-appointed state enterprise, in a sweeping move that has unnerved commodity markets. President Prabowo Subianto unveiled the policy in a speech to parliament on Wednesday, citing decades of revenue losses he attributed to under-invoicing and transfer pricing by exporters. ...
Peter Tirschwell leaves JOC after 34 years to go independent One of the most famous names in container shipping is embarking on a new chapter in his career. Peter Tirschwell has stepped down from his role guiding the Journal of Commerce (JOC) after 34 years with the American publication to become an independent shipping journalist. Tirshwell founded TPM 25 years ago in Long Beach, California, ...
HD Hyundai firms ties with American nuclear pioneer South Korean shipbuilding major HD Hyundai Heavy Industries has moved one step closer to the commercialisation of next-generation nuclear reactors at sea, signing a Natrium reactor supply framework agreement with TerraPower from the US, a company founded by Bill Gates. Under the agreement, HD Hyundai Heavy Industries has been selected as a preferred manufacturer for ...
New push to standardise container stowage data British class society Lloyd's Register (LR) has helped establish a new industry consortium aimed at ending the fragmented way container stowage and lashing data is shared across the sector. The Lashing Exchange Format (LXF) Consortium brings together classification societies and software developers to create a common digital standard for transferring data used in container securing ...
Shipping's definition of professionalism is changing A certificate post says something bigger about seafarer professionalism, writes Pradeep Chawla, the CEO of MarinePALS. A recent LinkedIn post by a chief officer caught our attention at MarinePALS. He had completed our Sexual Harassment - Awareness and Prevention course and shared the certificate publicly, thanking Unity Ship Management for supporting his continued learning. It ...
Dry bulk near multiyear highs on strong demand and Hormuz crisis side effects The Hormuz crisis is having an indirect positive effect on dry bulk, which is simultaneously benefitting from non-geopolitical drivers. The...
Iran's shadow fleet exercising caution, but has not completely abandoned market Nearly 20 shadow fleet tankers have stopped just outside the US blockade line or are diverting on the approach, appearing...
What to expect from the UK ETS The UK Emissions Trading Scheme includes shipping from July 1. Its scope is far narrower than its EU cousin, but...
First wave of ammonia dual-fuel cargoships set for delivery across multiple sectors Belgian shipowner CMB.Tech is leading adoption with 17 ammonia-capable vessels on order
Shipping stands on cusp of 'something extraordinary', says Frangou Shipping 'endlessly exciting' as a career, Angeliki Frangou tells engineering graduates and that technology will enable a new era of...
Lloyd's takes big hit for Hormuz loss of hire claims Middle East war vindicates judgement call for select few who can afford specialist cover
Zodiac Maritime extends newbuild backlog with suezmax tanker order at Jiangsu Hantong London-headquartered shipowner has ordered four 158,000 dwt suezmax crude oil tankers with deliveries scheduled for 2029
Middle East port update: Thursday, May 21 In Israel, Haifa port and Ashdod port have a limit of 16,000 vehicles to store within the port's limits, SPIG...
The Daily View: Learning to operate under geopolitical constraint
US boards and releases Iranian tanker as PGSA outlines Hormuz boundaries The PGSA iterated that transits through the Strait of Hormuz require its approval, holding firm on its demands even as...
NY-NJ maritime industry honors ILA's McNamara James McNamara who joined the union as it faced tumult from containerization persisted at his job over four decades to help shape the modern International Longshoremen's Association.
ILWU chief slams 'foreign shipping companies' ahead of contract expiration The speech by Bobby Olvera sends a warning shot to employers and cargo owners ahead of the expiration of its longshore contract in 2028.
Evolution of ocean capacity linked to varied dynamics of trade needs The alignment between demand and the supply of capacity has individual dynamics across each trade lane and different consequences for the newbuild, second-hand and charter markets, writes Jeremy Masters.
'Dummy permits' could overcome last-mile snafus for project cargoes Project shippers in the US are being encouraged to test the robustness of bridge strength and state permitting feasibility up to a year in advance of major cargo moves.
CU Lines' network expansion gives fresh capacity influx into Middle East trades The Shanghai-based carrier has launched two new services connecting Asia to the Middle East as the Persian Gulf trade corridor presents strong green shoots of capacity demand amid ongoing mainline service disruptions.
Fuel group speaks out in favour of Trump's Jones Act waiver as reported voyages near 60 Ships controlled by Frontline, Scorpio Tankers, Hafnia and International Seaways haul waived cargoes
US shipowner ECO closing in on more profitable tanker sales Darrell Crate-led company lining up disposal of vessels acquired from Cido Shipping
Hangover follows the high for clean tankers as Strait of Hormuz closure drags on Pressure of vessel supply in US Gulf Coast expected to remain
Fraudsters seek to fleece seafarers in Strait of Hormuz transit scam Ambrey Analytics says fraudsters are trying to make direct contact with crews
New international rules pave way for autonomous ships IMO agrees finalised MASS code set to be mandatory in 2028
US owner ECO closing in on more profitable tanker sales Darrell Crate-led company lining up disposal of vessels acquired from Cido Shipping
'Best deals are done when the sea is rough', says Ocean Yield boss amid Iran war chaos Middle East disruption could lead to counter-cyclical investment opportunities, says ship lessor
QatarEnergy teams with Egypt and ExxonMobil on gas and LNG exports Trio plans to study how to commercialise Cyprus' reserves using existing infrastructure
Njord Shipping boss steps down after 13 years Henrik Ness is working with a new shipping outfit
Listed Latsis company snaps up second tanker from private family interests Euroholdings says it has agreed to buy another MR vessel from Latsco Shipping
Tsakos Energy Navigation boosts dividend after tanker profits surge Family outfit is on course to smash its records this year
Ciner cements gas carrier debut with order for six VLACs topping $700m Bulker owner behind VLACS order at HD Hyundai Samho
Russian tanker rates slashed by $5m as ships go West Aframax trips are becoming cheaper due to ample supply of shadow fleet vessels
Suezmax tankers find support in Atlantic and Black Sea Second-largest crude oil tanker segment seeing rates declining at a slower pace than counterparts
Angeliki Frangou joins VLCC bandwagon with up to eight newbuildings lined up Navios Maritime Partners pays $120.5m apiece at an undisclosed yard
US owner MLEP closing in on more profitable tanker sales Darrell Crate-led company lining up disposal of vessels acquired from Cido Shipping
Ciner cements gas carrier debut with order for six gas carriers topping $700m Bulker owner behind VLACS order at HD Hyundai Samho
Global Ship Lease makes first ever newbuilding move with order for eight container ships in China Order is believed to be priced at around $600m
Peter Georgiopoulos jumps back into VLCCs with up to 10 newbuildings Greek tycoon and partner Leo Vrondissis confirm big newbuilding series at a shipyard with no prior track record in building this type of vessel
Himalaya Shipping books profit after strong start to the year for capesizes Newcastlemax owner had been expecting the first quarter to be better than usual
Cargo sailing pioneer TOWT becomes New TOWT as banks step in Founders out after 16 years helming venture and four newbuildings cancelled
Tanker and bulker players face shake-up as Indonesia creates central agency for exports Sales power to be concentrated in one company for palm oil, coal and ferroalloys
James Gundy reflects on Braemar career as he returns full-time to his first love Outgoing CEO says he never stopped broking work despite elevation to boardroom
U-Ming ultra-positive on dry bulk as supply growth exceeding projected demand Taiwanese shipowner says structural transformation is driving continued recovery momentum
Zodiac Maritime doubles suezmax tanker orderbook to eight Company's latest four-ship deal is at China's Jiangsu New Hantong
MOL signs first annual LNG bunkering contract with Seaspan Energy Volumes will fuel Japanese owner's car carriers in Port of Vancouver
Tanker and bulker players face shake-up as Indonesia sets up central agency for exports Sales power to be concentrated in one company for palm oil, coal and ferroalloys
Sanctioned Russian-trading tanker stranded off Chile after fuel price surge MR Sauri has been stuck off South America for two months
Singamas lawyers up over US price-fixing claims Justice department indicts four container makers and seven executives
Crew member stabbed to death on tanker as seafarer arrested Product carrier had arrived in Bangladesh for scrapping
Former Thenamaris LNG carrier reflagged to Russia after lucrative sale Vessel undergoes its second name change in as many months, as former Asyad Shipping trio ship Russian cargoes
Braemar hunts 10 new brokers as James Gundy signs off with lower profit Shipbroker also aims to complete merger or acquisition this year
UAE seizes tankers after phantom insurance network revealed Fraudsters built fake services sector around name-swapping tankers linked to sanctioned oil trades
Petros Pappas upbeat on Star Bulk dividend this year after strong first quarter Giant owner starts taking delivery of kamsarmax newbuildings and unveils fresh financing deals
Offshore boom and cheaper finance lead to profit windfall for Singapore-listed ASL Marine Ship repair services and vessel chartering remain resilient
Global Ship Lease makes first ever newbuilding move with order for six container ships in China Order for eight 6,200-teu container ships believed to be priced at around $600m
Oldendorff celebrates International Day for Women in Maritime More women are joining the industry, but some say a glass ceiling exists in top management roles
Smaller tanker owners risk being pushed into dark fleet, investment firm warns 'The rules of the game have changed'
Iran's new Persian Gulf Authority draws lines of control around Strait of Hormuz Tehran claims to hold sway over a wide area from its own shores to UAE ports of Fujairah and Umm Al Quwain
AAR slams "hypocrisy" as Trump-backed rail safety measure is included in transportation funding bill A controversial safety measure railroads and other businesses claim will cost them billions to implement and push up consumer prices in the process will be included in the wide-ranging surface transportation reauthorization legislation. The Railway Safety Act rode an endorsement this week from President Donald Trump as part of the Build America 250 Act that cleared the House Transportation and In
Broker liability ruling: Carriers, brokers, analysts weigh in The phrase "flight to quality" was uttered often over the past week after the Supreme Court's landmark ruling widened liability exposure for freight brokers found negligent in their driver hiring practices. While there are many unknowns, especially around future insurance coverage requirements and costs, the consensus is that the ruling will ultimately favor carriers and brokers with scale, stron
Georgia ports volumes hit by higher costs, softer market Georgia's Port of Savannah processed approximately 4.7 million twenty foot equivalent units (TEUs) for the July-April fiscal year to date, marking a 2.5% decrease, or 118,422 TEUs, compared to the previous period. April specifically saw a significant decline, with the port handling 443,650 TEUs, off 14% from April of the previous year, when tariff-fueled frontloading turned in the busiest April o
The Charcoal on That Truck Costs More to Import, More to Buy, and Is Headed to a Cookout That Runs 13% Higher Than Last Year. Here Is What That Tells You About the Consumer Right Now Pull up the import data on U.S. charcoal briquette shipments and you are looking at something that some people in trucking would not think to check heading into a holiday weekend. But that data, read against the consumer spending picture for Memorial Day 2026, tells you something specific about the supply chain, the retail freight market, and the household budget that is generating the loads movi
Fleetworthy bets on AI, unified data as trucking margins tighten AUSTIN- Fleetworthy executives say trucking operations are under mounting pressure from shrinking margins, rising compliance costs and increasingly complex operations - and the answer may be connecting safety, tolling, bypass and compliance data into a single platform. Speaking with FreightWaves during the company's Roadshow 2026 event in Austin, Fleetworthy CEO Tom Fogarty and President/Chief St
Walmart credits fast delivery, third-party marketplace for revenue gains Walmart Inc.'s revenue grew 7.3% to $177.8 billion in the first quarter behind strong global e-commerce sales, a byproduct of continued investment in ultra-fast fulfillment from stores and the expansion of the Marketplace platform for third-party sellers. Domestic and international e-commerce sales grew more than 26% during the period, driven by demand for convenient delivery, and represented 23%
Freight Fraud Has Gone Corporate Freight fraud is only getting worse, and the industry is struggling to keep up with the tactics targeting businesses. CargoNet data shows cargo theft incidents climbing by double digits year over year, with average losses now exceeding $200,000 per incident. But the raw dollar figures only tell part of the story. Behind every stolen load is a web of identity fraud, spoofed communications, and cov
UP CEO confident rail merger application checks all the STB's boxes Union Pacific Chief Executive Jim Vena is confident that the Surface Transportation Board will accept the revised UP-Norfolk Southern merger application because it answers all of the questions regulators had about the initial filing that was deemed incomplete. Among them: Providing the full merger agreement, including a section that outlines what board-ordered conditions might prompt UP (NYSE: UN
FreightWaves announces 2026 Fraud Fighters Award winners FreightWaves is proud to announce the winners of the 2026 Fraud Fighters Awards, recognizing the organizations delivering the most innovative, effective, and impactful solutions to combat the escalating threat of freight fraud. This year's honorees were selected in two categories, Logistics Operations and Solution Providers, for their demonstrated results in preventing identity theft, double brok
Target moves to elevate supply chain operations, inventory reliability Target is upgrading its supply chain to support new CEO Michael Fiddelke's turnaround plan, but better logistics performance already led to more stable inventory levels and revenue growth in the first quarter. The retailer on Wednesday posted its strongest quarterly sales gain in more than three years during the first three months of 2026, with net sales up 6.7% to $25.4 billion and comparable st
OmniTrax tabs Hoskins to lead transload OmniTRAX, Inc. has appointed Phillip Hoskins vice president of transload, a new position. Hoskins will oversee network-wide expansion of transload activities across the Denver-based company's 35 rail operations. Phillip Hoskins "Phillip is a proven commercial executive with a tremendous record of providing logistics solutions for an impressive clientele of Fortune 500 companies," said OmniTRAX Ch
DoJ indicts Chinese container makers on price-fixing charges The Justice Department this week unsealed an indictment charging four major Chinese shipping container manufacturers and seven executives with a global conspiracy to restrict output and fix the prices of ocean shipping containers, which dramatically inflated costs for American consumers and businesses. The indictment unsealed May 19 charged China International Marine Containers (CIMC), Shanghai U
Another CA truck crash and two dead kids on Highway 99 Two young men are dead. One was 16 years old. One was 20 years old. They were sitting in a Kia Forte in the far right lane of northbound Highway 99, south of Harney Lane, near Lodi, California, at approximately 12:20 p.m. on Tuesday, May 19, 2026, slowing to a stop in traffic behind a Nissan Frontier and a Toyota Camry. A Freightliner Cascadia towing a fully loaded semitrailer came up behind them
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