IEA analysts: Mid East disruptions push tanker rates to historic highs "The price of oil is only part of what determines the cost to supply the world with fuel," write International Energy Agency oil market analysts Dabiel Gymer and David Martin in a
ABS and Brazil's Constellation sign MOU on electric energy storage for offshore drilling units ABS and Rio de Janeiro-headquartered Constellation Oil Services, Brazil's largest offshore drilling contractor, have signed a memorandum of understanding (MOU) to study how battery energy storage could improve efficiency and resilience of
SWITCH Maritime in DBA with USCG for 150-passenger hydrogen fuel cell ferry SWITCH Maritime reports that it has secured a Design Basis Agreement (DBA) with the United States Coast Guard (USCG) for its 150-passenger hydrogen fuel cell-electric ferry, SWITCH-150. The SWITCH-150 is powered by
Wing-in-Ground drone under development for Baltic defense A Swedish consortium is developing an unmanned Wing-in-Ground drone craft that flies just above the water for surveillance and logistics. It will be built with a method that allows rapid design changes
Governors Island starts rebuilding two piers to expand ferry access The Trust for Governors Island, the nonprofit corporation created by the City of New York responsible for the redevelopment and operation of 150 acres of Governors Island, has announced the start of
Maersk updates West Mediterranean-North America PSS Maersk will apply a Peak Season Surcharge on shipments from the West Mediterranean to the United States and Canada from 1 December 2026. The surcharge will apply to all container types and remain in effect until further notice. PSS tariff Origin Destination Basis Currency 20-foot 40-foot 45-foot West Mediterranean United States and Canada Per container USD 250 250 250 The geographical scope inclu
How FuelEU Maritime turned shipping climate rules into geopolitics A European fuel standard is reshaping rule-making power, port competition, fuel security and the race for green marine fuels
Maersk revises intermodal fuel fees in Benelux, DACH and Poland Maersk has announced its latest bi-weekly Intermodal Fuel Fee update for inland transportation services across Benelux, the DACH region and Poland. The revised rates will apply from 26 October to 9 November 2026. Compared with the previous period, fees will decrease across Belgium, the Netherlands, Luxembourg, Germany, Austria and Switzerland. Rates in Poland will remain unchanged. Region Countri
US Announces grant to modernise Colombo port's digital infrastructure United States Ambassador to Sri Lanka H.E. Eric Stern Meyer visited the Port of Colombo and met with senior officials of the Sri Lanka Ports Authority, including Chairman Dr Parakrama Dissanayake, to announce a US$ 17 million grant supporting the modernisation of Sri Lanka's Maritime Single Window and Port Community System . The meeting was also attended by Minister of Ports and Civil Aviation An
US government backs Port MacKenzie rail connection The US Department of Transportation has awarded nearly US$250 million to the Alaska Railroad Corporation for the construction of a new freight rail connection to Port MacKenzie. The funding was awarded through the Federal Railroad Administration's Consolidated Rail Infrastructure and Safety Improvements Grant Programme. New rail connection to Port MacKenzie The project will construct approximatel
RCL introduces UAE advance filing surcharge Regional Container Lines (RCL) will introduce an Advance Filing Surcharge as part of its compliance with the United Arab Emirates' Maritime Preload Cargo Information (MPCI) programme. The regulatory framework, also known as the Advance Manifest Filing requirement, requires shipping lines to submit import cargo manifest data electronically to UAE Customs before vessels depart from their last forei
Maersk reports further East Asia network recovery Maersk has reported further progress in the recovery of its East Asia network following disruption caused by the region's typhoon season. Operational conditions at East China ports have improved, while vessel waiting times have continued to decline compared with previous weeks. However, strong export demand from Asia continues to place pressure on congested ports. Regional recovery remains ongoin
Port of Corpus Christi sets nine-month cargo record in 2026 The Port of Corpus Christi recorded its highest cargo throughput for the first nine months of 2026, handling 162.7 million tons of commodities through the Corpus Christi Ship Channel. The total represents a 6.1% increase from the previous record of 153.3 million tons, set during the same period in 2025. During the third quarter, port customers handled 52.4 million tons, up 3% from 50.9 million to
Shanghai and Melbourne advance green shipping corridor plans The ports of Shanghai and Melbourne have launched a new implementation plan for their Green Shipping Corridor, alongside C40 Cities. Announced on October 21, 2026, the plan sets out steps to reduce emissions from container shipping between China and Australia. The two ports established the corridor in October 2025. The latest announcement moves the project from planning towards implementation. Th
Dongwon plans automation expansion at Busan New Port Dongwon Global Terminal Busan plans to expand its automated container-handling infrastructure at Busan New Port under an investment agreement signed with regional authorities. The company signed the Memorandum of Understanding with the Busan-Jinhae Free Economic Zone Authority, South Gyeongsang Province and Changwon City during an investment event held in Seoul on 20 October 2026. Under the agree
Hateco and APM Terminals explore Vietnam rail freight network Hateco Group and APM Terminals have signed a Memorandum of Understanding to study the investment, development and operation of railway freight terminals in Vietnam. The agreement was signed on 20 October 2026 in Denmark during the Vietnam-Denmark Business Forum. The ceremony took place during the State visit of General Secretary and President To Lam and was witnessed by senior representatives fro
Shipping at the Historic Turning Point of 2030 Shipping leaders meet in Athens on 5 November 2026 SK Congress is organising the international maritime conference "" on 5 November 2026 at the InterContinental Athens, highlighting the major challenges, technological developments and strategic choices that will shape the future of global shipping. The conference is held under the auspices of the Ministry of Maritime Affairs and Insular Policy, t
Oman plans new operator for Port of Salalah Oman's Ministry of Transport, Communications and Information Technology has confirmed that a new operator will take over the Port of Salalah following the expiry of the existing concession agreement. Salalah Port Services Company SAOG will continue operating the port under the current concession until its contractual expiry on 1 November 2028. The company received formal notification that the agr
Maersk eyes full return to Suez Canal by March 2027 Maersk expects all its shipping services to return to the Suez Canal by March 2027, according to the Suez Canal Authority (SCA), as the carrier continues to adjust its sailing schedules. The outlook was discussed during a video meeting between SCA Chairman Adm. Ossama Rabiee and senior Maersk executives, including Chief Operating Officer Rabab Boulos. According to the SCA, Boulos expressed her ex
Freightos Weekly Update: Red Sea container traffic set for full return in Q1 Trends in international ocean logistics seem even more confusing than usual lately: more Iranian attacks but more Hormuz traffic; more crude exports but oil prices still around $100 per barrel; more risk of Houthi attacks on passing ships, but more container vessels returning to the Red Sea anyway. Iran has stepped up the frequency of attacks on vessels around the Strait of Hormuz, partially beca
CMA CGM announces new surcharges for Mauritius and Kenya shipments CMA CGM has announced two new Peak Season Surcharges (PSS) for shipments from Asia to Mauritius and Kenya, with both charges taking effect in late October 2026. The new surcharges apply to all cargo and range from US$1,000 to US$1,235 per TEU, depending on the origin and destination. New surcharges for Port Louis and Mombasa From October 28, CMA CGM will introduce a PSS of US$1,235 per TEU on shi
The empty container problem isn't a shortage. It's a data problem Container shipping has just lived through its third consecutive year of a peak season that arrived early and left just as fast. Shippers rushed cargo out ahead of the July 1 bunker adjustment factor reset , itself a product of fuel costs pushed up by the closure of the Strait of Hormuz. Meanwhile, continued avoidance of the Red Sea cut effective fleet capacity by around 12%, with slow steaming ab
Explainer: NSR record shows a new trend The Northern Sea Route's 2026 season set volume records and launched the first scheduled Arctic container service. The corridor's structure Russian gate, Chinese operators, energy cargo did not change
SLPA plans new Colombo logistics hub under PPP model The Sri Lanka Ports Authority (SLPA) has decided to develop a new logistics hub within the Port of Colombo under a Public-Private Partnership model. The authority will pursue the project through a competitive bidding process, subject to the necessary approvals. The decision follows the discontinuation of the previously proposed South Asia Commercial and Logistics Hub project. Previous joint ventu
Project Cargo East of Suez: Routing Oversized Freight When the Short Way Is Not Simple Since late 2023, attacks on merchant shipping around the southern Red Sea have changed how many carriers route between Asia, the Red Sea, the Gulf and East Africa. Much of the public discussion has focused on standard containers and headline freight rates. For shippers of project and oversized cargo, such as machinery, generators, steel structures and plant modules, the change has been more awkwa
Explainer: Why the US is trying to legitimize shadow fleet? Washington wants to turn shadow-fleet tankers into legitimate ships. The capacity gain is small. The change to how sanctions work is not
Maersk schedules first India drydocking Maersk will undertake its first planned drydocking in India, with the container vessel Maersk Chattogram scheduled to enter L&T Shipbuilding's Kattupalli Shipyard near Chennai. The Singapore-flagged vessel is expected to arrive at the shipyard on 20 October 2026, subject to operational and weather conditions. The project represents the first operational milestone under the Memorandum of Understan
AG Seville wins 25-year port shipyard concession with $11m investment plan AG Seville Shipyard has won the competition to continue operating the ship repair facilities at Spain's Port of Seville, clearing an important hurdle for a proposed €10m ($11.2m) investment programme. Seville Port Authority's board approved the selection of AG Seville Shipyard on October 20, allowing the company to retain its position at the former Astilleros ...
Australian fund takes control of UK ports giant in £10bn deal Australian infrastructure investor IFM Investors has agreed to acquire a controlling stake in Associated British Ports (ABP), Britain's largest port operator, in a deal valuing the business at more than £10bn ($13.4bn). The transaction will see Canadian pension giants CPP Investments and OMERS sell their combined 63.88% stake in ABP to Global Infraco Haven Bidco, ...
Shipping equities turn geopolitical risk into an advantage New research from investment bank Jefferies charts how shipping shares have shifted from being negatively correlated with geopolitical risk during the first decade of this century to moving increasingly in tandem with global instability since 2021. The new report is bullish on tankers, predicting that shares have further room to run, with rates forecast to ...
NATO boosts Black Sea surveillance amid attacks on shipping NATO is deploying additional maritime patrol aircraft, drones and radar systems to the Black Sea following a series of deadly attacks on merchant shipping off Romania and Bulgaria. The move follows a meeting of the alliance's North Atlantic Council in Brussels on Tuesday, with members also sending intelligence personnel and explosives investigation teams to the ...
Alpha Gas turns to China for VLGC pair Greek shipowner Alpha Gas has moved into Chinese gas carrier construction, contracting two very large gas carriers at Hengli Heavy Industries as Anna Angelicoussis continues expanding her group's fleet. Shipbroking and market sources have linked the Athens-based company to a pair of 88,000 cu m VLGCs capable of carrying ammonia, with the vessels scheduled for ...
Gestion Maritime makes ultramax debut with China order Monaco-based shipowner Gestion Maritime is moving into the ultramax segment with an order for three 64,000 dwt bulk carriers at China's Nantong Xiangyu Shipbuilding & Offshore Engineering. The Danilo Fumarola-led company has booked the trio for delivery between late 2028 and early 2029, expanding beyond its traditional panamax and kamsarmax fleet. The vessels are costing ...
Woodside resumes Scarborough work after Greenpeace protest Australian energy major Woodside has resumed commissioning at its Scarborough gas project offshore Western Australia after Greenpeace activists occupied the site over the weekend, forcing a temporary suspension of work. The company confirmed operations restarted after the remaining protesters were removed from the 70,000-tonne floating production unit, located about 375 km off the Pilbara coast.
Danaos linked to $218m boxship order in China Greek owner Danaos has been linked to another $218m newbuilding investment in China, with brokers placing the John Coustas-led company behind a pair of 9,200 teu boxships at Shanghai Waigaoqiao Shipbuilding (SWS). According to Xclusiv Shipbrokers, the New York-listed owner has lined up two ships at the CSSC-controlled yard, priced at around $109m each, with ...
BP taps TechnipFMC for high-pressure subsea work Offshore engineering and services giant TechnipFMC has signed a memorandum of understanding (MoU) with UK energy major BP to supply high-pressure subsea production systems for future developments in the Gulf of Mexico. The agreement, signed with BP Exploration & Production, establishes a framework for cooperation on 20,000 psi subsea tree systems for BP's Paleogene projects. ...
Guam restores full crane capacity after freak collision Guam's only commercial port has restored all three of its ship-to-shore gantry cranes, more than two weeks after a wind-driven collision knocked out its entire container-handling crane fleet. The Port Authority of Guam said the final crane returned to service on Tuesday, restoring full capacity after repairs, testing and recertification. Crane 4 was back online ...
Panama's former Hutchison terminals suffer double-digit volume declines Container throughput at Panama's two former CK Hutchison terminals has fallen sharply this year, even as the country's wider port system continues to record growth. New figures from the Panama Maritime Authority show Balboa, on the Pacific side of the Panama Canal, handled 1.77m teu during the first nine months of 2026, down 10.8% year-on-year. ...
Seaway 7 lined up for major 1.4GW Scottish offshore wind job Aberdeen-based Seaway 7 has been selected as preferred supplier for major offshore construction work on SSE Renewables' 1.4GW Berwick Bank B wind farm off Scotland. The Subsea 7 subsidiary is lined up for an engineering, procurement, construction and installation (EPCI) contract covering the design, supply, and installation of around 90 fixed-bottom turbine foundations and the ...
Aker BP and Höegh Evi secure EU funding for North Sea CO2 storage project Norwegian offshore producer Aker BP and maritime infrastructure specialist Höegh Evi have secured €223m ($260m) from the European Union Innovation Fund for their Atlas carbon transport and storage project in the North Sea. The project aims to establish a large-scale carbon capture and storage (CCS) network that links industrial emitters across Europe to permanent storage ...
Iraqi Line returns to Gulf container trade after 50 years Iraq's national shipping line is returning to scheduled container services in the Gulf after more than half a century, as the country seeks to rebuild maritime connections disrupted by the Strait of Hormuz crisis. According to Alphaliner, Iraqi Maritime Line is deploying the 902 teu Basrah on an eight-day shuttle linking Jebel Ali in Dubai ...
US targets law firm that helped build Iranian LPG magnate's shipping network Karnakis & Karnakis featured prominently in a 2023 Lloyd's List investigation that exposed the opaque corporate structures behind a fleet...
The Daily View: Resilience is keeping Hormuz open, but at a rising price
SSI tallies the hidden price risk of ignoring seafarer welfare The Sustainable Shipping Initiative is working out how to turn crew welfare data into something decision makers can act on
Brace of Euroseas deals highlights sizzling market for older feeders One 25-year-old chartered at $62,500 per day while sister vessel is sold for $26m
Imperial Petroleum homes in on 'ideal' size fleet Addition of two bulkers and one tanker, with a handysize bulker on the way, takes tally to 25 ships
China P&I applies to join International Group. It won't be that simple Shanghai-based marine mutual expected to ramp up competition by touting for business in Europe, starting in Greece
Gallagher appoints industry veteran to hull and war risk role Career started in Lloyd Thompson post room in 1980s
MSC's Global Car Carriers boosts newbuild orderbook to 22 ships as PCTC boom advances Oslo-headquartered tonnage provider - formerly Gram Car Carriers - has contracted two panamax-class, pure car and truck carriers from China's...
Australian fund buys controlling stake in Associated British Ports Two Canadian pension investors have sold their stakes to IFM Investors in a deal which values the operator at £10bn
Typhoon Champi to halt Taiwan Strait traffic as Beijing and Taipei clear coastal waters Mainland China and Taiwan order ships to clear key shipping lanes as super typhoon approaches
Sinokor takes centre stage in high-risk Hormuz tanker trade as security risks mount The strategy has brought mounting exposure to the conflict, with seven Sinokor-owned tankers now hit by missile or projectile attacks...
Grounded tanker refloated by Turkish authorities The condition of another tanker which ran aground after a towline snapped in bad weather is still unclear
HSFO shortage to persist despite rising MEG crude exports Shipping will have to contend with tighter bunker availabilities globally as supply chain disruptions persist with the Hormuz conflict still...
Have your say! The Lloyd's List Shipping Outlook Survey: 2026 and beyond From geopolitical disruption and fleet oversupply to artificial intelligence and the energy transition, Lloyd's List's annual Outlook Survey asks shipping...
Daily Briefing Containership owners warn of overcapacity as orderbook hits post-2009 high | Baltic Exchange warns of 'chaotic consequences' if Mercuria wins |...
Baltic Exchange warns of 'chaotic consequences' if Mercuria wins Mercuria is no longer seeking a restatement of the TD3C for the period since the Hormuz crisis began. It is...
MSC orders 20 24,000-TEU vessels from shipyard partner Hengli Heavy The order has propelled the global backlog of new vessels to the equivalent of 46.5% of the existing container ship fleet, the highest level since 2009, according to Linerlytica.
Regulatory moves, peak season prices weighing on US importers Shippers say more stringent rules from the CBP and dwindling leverage with ocean carriers is making them feel under siege when it comes to moving freight in the eastbound trans-Pacific.
DSV reports solid Q3 earnings as road recovery lags The third-quarter results reflected continued momentum from synergies gained by the ongoing integration of Schenker's business, although a "sanitizing" portfolio-cleanup process has weighed on activity.
Maersk eyes Vietnam rail freight depot network with partner Hateco The carrier said in a statement the proposed investment in the Haiphong rail depot, together with existing port ventures with Hateco, could add up to $3.5 billion.
Australian asset manager strikes deal for UK's largest port operator Financial terms were not disclosed, but media reports have valued the deal at $13.3 billion.
VLGC spot rates pull back for second straight week as charterers regain leverage Tonnage lists have lengthened and price arbitrage is less favourable, but rates remain near all-time highs
Petrobras fixes VLCC in $50m deal that pulls Brazil-Asia spot rate below $600,000 per day Deal comes as charterers drip-feed cargoes into easing market
US sanctions shipping agents in wide sweep of facilitators of Iran's dark fleet Treasury Department accuses Singapore firm of aiding a range of shadow fleet actors
Trump team turns Iran sanctions sights on legal sector with blacklisting of maritime law firm Karnakis & Karnakis accused of setting up companies for illicit Iranian shipping and acting as corporate agent for newly-sanctioned manager of seven bulkers
Oldendorff Carriers bulker diverts to aid migrants in distress Kamsarmax bulker spends seven hours alongside 27 men and boys off Western Sahara amid Spanishrescue
Incoming super-typhoon sends capesize spot rates spiralling Bad weather in the North Pacific is tying up tonnage that would otherwise be ballasting to load ports
Why container lines are heading back to the Red Sea The risk is high, but the lure of shorter transit times, lower fuel costs and easing security concerns is proving difficult to ignore.
Forty-two-year-old cargo ship banned after doing repair yard runner The Italian-owned Lira did not call in Piraeus as required by port state inspectors
Unsold Brazilian cargoes cut VLCC demand in the Atlantic Kpler says falling freight costs may eventually lure buyers back
'We can't just switch overnight': IMO chief makes case for LNG IMO chief Arsenio Dominguez outlines what governments must consider as they renegotiate shipping's emissions rules
Russia's newest LNG carrier quartet arrives off Arctic load terminals Vessels speed through a busy Northern Sea Route
Dark fleet becoming a permanent fixture in world shipping, officials say Sanctions-evading ships described as 'set' or 'semi-permanent' part of the industry
Russia preparing 'several tankers' to carry diesel to US First 40,000-tonne fuel cargo set to head across the Atlantic on Thursday, deputy PM says
Shipowners to pitch for cash from $6.8bn P&I pot Strong investment returns will prompt tough discussions at this year's renewal round, say analysts
Greek owner Alpha Gas slips in VLAC duo at Hengli Heavy Industry March to Chinese yards continues as Greek owner books gas ships
Greek and Kuwaiti product tankers identified as latest targets in Gulf attack Fresh incidents push the confirmed tally of Iranian attacks beyond 30 vessels in three weeks
US involvement vital to curb Russian energy trading, officials say Washington 'key' in striking out on Moscow, even as US President Donald Trump takes steps to ease sanctions
Nordic American smashes suezmax charter record in deal with Trafigura Nordic Hawk reported fixed for a year at $150,000 per day
Montanari linked to sale of veteran tanker after ordering new ships Italian owner said to have found Nigerian buyer at strong price
Not all tanker newbuildings are equal: Lloyd's Register picks the future winners Some ships better equipped than others to survive upcoming delivery glut
Associated British Ports sold in deal valuing UK group at more than $13bn Australian investor ends two decades of Canadian ownership by taking majority stake
Container liners' Suez Canal return supports market outlook, analyst says Gradual resumption of Red Sea transits has been absorbed by demand
Dynacom suezmax said to break $100m price barrier Procopiou nets historic record for older vessel
Simandou iron ore volumes to boost bulker markets, Fearnleys says Increasing tonne miles positive for newcastlemax and capesize
Bureau Veritas newbuilding backlog jumps 13% to new record high French classification society reports solid backlog from new vessel deals
Greek dealmakers reveal merger plan after $150m US IPO Stellar V Capital to combine with 'deep-tech' graphene producer
Russia's newest LNG carrier quartet arrives at Arctic load terminals Vessels speed through a busy Northern Sea Route
Vafias-backed Imperial Petroleum worth $180m more as fleet swells to 24 ships Nasdaq-listed owner calculates net value is three times its market cap
Aponte's GCC hands Chinese yard its debut car carrier order Owner books dual-fuel newbuildings worth $100m each
DNB shipping loan book boosted by crude and gas tankers Norwegian lender's shipping portfolio rises to $4.4bn
Greek tanker that ran aground after Black Sea drone attack refloated by Turkey The 105,600-dwt aframax Banda (built 2007) had washed up in a storm near the Bosphorus
Investment bankers praise Oslo in record IPO year Clarksons' Erik Helberg says efficiency and speed boost local market
US maritime regulator flexes muscles with proposed Spanish import restrictions Federal Maritime Commission's proposed action against Spanish imports represents new use of agency's power
Austal lands $172m government loan to rebuild yard for big landing craft project Australian builder taps National Reconstruction Fund for dedicated facilities, with Canberra picking up the tab
Thoresen Shipping backs handysizes again with Japanese bulker buy Shipowner said to have shelled out $27.7m for its third bulker purchase the year
First FEET financing backs wind-assisted propulsion on two Eastern Pacific tankers Pay-as-you-save fund links payments to verified fuel savings as it backs first wind-assisted propulsion projects
Hapag-Lloyd nears settlement of claims against NYK over ONE Apus container collapse Lawsuit represents a small corner of wider dispute over 2020 incident
Iran says it has attacked six tankers as Western sources stay silent UKTMO has not reported a single incident involving a large commercial ship in four days
China's green methanol boom faces an uncomfortable reality check Shenergy executive reveals why expanding production capacity is not enough to win over shipowners
Rail Traffic SURGE: Why Intermodal Volume is Climbing The latest weekly rail traffic numbers show a significant intermodal volume surge, propelled by high diesel fuel prices and tight truck capacity, causing shippers to divert freight to rail. Get insights into North American carloads, key commodity segments, and upcoming Class I railroad earnings reports that will shed more light on these trends. U.S. intermodal volume surged 12.6% year-over-year i
Vertical Aerospace eVTOL: The Future of Urgent Air Cargo Vertical Aerospace's Michael Cervenka explains how their Velocopter eVTOL aircraft is set to transform urgent freight and remote logistics. This electric vertical takeoff and landing vehicle combines helicopter agility with airplane speed, reaching places conventional transport can't. Learn about its capabilities, certification timeline, and the massive impact it will have on time-critical delive
DSV expands US-Mexico freight network with $90M Laredo facility Global logistics provider DSV has opened a new $90 million, 853,000-square-foot logistics facility in Laredo, Texas, expanding its capacity to handle freight moving between the U.S. and Mexico . The facility consolidates warehousing, transportation, customs brokerage, inventory management and distribution services under one roof, the company announced Wednesday. The investment is part of DSV's br
Truckload Pricing Power? Diesel Is Eating It Up Truckload rates are up, but carrier profits still aren't following. JB Hunt, Werner and Heartland earnings all point to the same freight market story: pricing power is back, but diesel, driver and insurance costs are eating the gains. In this update, we break down what the latest earnings say about truckload and intermodal, why road-to-rail conversion is accelerating, and how SONAR data backs it
Nearly $1M in Pokémon Cards STOLEN from FedEx A FedEx truck carrying nearly $1 million in Pokémon and sports cards was robbed in California. FreightWaves' Phil Brink and Highway's Brennan Bailey break down how this audacious cargo theft happened and what it means for supply chain security. Discover the different types of freight theft and expert strategies to protect valuable cargo on the road. A FedEx driver arriving at a Professional Sport
The Heartbeat of the American Supply Chain Trucking shouldn't just offer somebody a seat. It should offer them a future, better skills, better opportunities, and more money and choices. That was the premise Werner Enterprises Senior Director of Driver Recruiting Ben Pile brought to his recent appearance on Brake Check with host Charles Gracey. Pile has spent 23 years in driver recruiting, and his experience has ranged across nearly every
TQL's RICO response: rips carriers' 'poor business practices' The first response in the RICO case initiated by a group of carriers against giant 3PLs C.H. Robinson and TQL has been filed by the latter, and it has two key arguments. TQL, in a series of three individual motions filed Monday in the U.S. District Court for the Eastern District of Texas, is seeking dismissal of the case primarily on the grounds that first, its practices do not rise to the defini
Freightos founder takes board fight to shareholder vote Freightos founder Zvi Schreiber's campaign to change the company's leadership is heading to a contested shareholder vote, escalating a dispute over the digital freight-booking platform's strategy, financial performance and long-term prospects. The company's board has agreed to put Schreiber's proposals to shareholders at its annual general meeting in December, pending confirmation of the meeting
New trucking bankruptcies expose mounting debt and shrinking fleets Financial distress continues to affect trucking companies across the U.S., with at least 16 carriers filing for bankruptcy protection between Sept. 18 and Oct. 21. According to a FreightWaves review of federal bankruptcy records, the filings span multiple freight segments, including general freight, petroleum transportation, logging and timber hauling. They also involve companies ranging from sin
New York short line wins $11.2 million federal rail grant Ontario Midland Railroad has secured an $11.2 million federal grant to rehabilitate approximately 10 miles of track in Wayne County, New York, improving infrastructure that supports the region's agricultural and manufacturing shippers. The Wayne County Mainline Safety and Reliability Project will replace approximately nine miles of rail, resurface eight grade crossings, replace seven turnouts and
Why More Fleets Are Looking at Captives To understand why captives and alternative risk structures are drawing so much attention from fleets right now, it helps to start with an uncomfortable fact about the insurance industry itself: commercial auto liability hasn't been profitable on an underwriting basis since 2010, when the loss ratio came in at 97.1%. That's a razor-thin 2.9% margin . So how do insurance companies stay in business?
Phillips Connect moves trailer sensor alerts into the yard Phillips Connect launched two smart trailer products Sunday at the American Trucking Associations' Management Conference & Exhibition in Charlotte, North Carolina. Insights reads trailer sensor data to diagnose tire and lighting problems. TrailerSignal, a light on the trailer nose, shows green when a trailer is ready to dispatch and amber when it isn't. Both target defects that can slip past a wa
Autonomous railcar technology earns $16M federal grant Intramotev will deploy two autonomous freight railcars on Missouri's Columbia Terminal Railroad as part of a project supported by a $16.2 million federal grant awarded to the City of Columbia. The Federal Railroad Administration selected the city for funding under its Consolidated Rail Infrastructure and Safety Improvements (CRISI) program, according to the announcement. Intramotev will serve as
Union Pacific CFO to retire Chief Financial Officer Jennifer Hamann will retire in early 2027, Union Pacific (NYSE: UNP ) has announced. Hamann, who joined Union Pacific in 1992, was named CFO in January 2020. She had previously held leadership roles in a broad range of areas, including finance, human resources, marketing and sales, investor relations, and corporate audit. "For 35 years, she led with integrity and heart, gu
CSX eliminates more than 100 management positions CSX has eliminated 109 operations management positions as part of a restructuring of its engineering functions. The organizational changes were first outlined this past spring, a CSX (NASDAQ: CSX ) spokesman said in an email to FreightWaves. The cuts "are intended to establish a more effective operating structure and better align field support with the needs of the railroad, while maintaining the
Stord acquires e-commerce competitor AMS Fulfillment in large deal Fast-growing e-commerce logistics provider Stord has made the largest acquisition since its founding 11 years ago, acquiring rival AMS Fulfillment, which processes online orders for more than 150 beauty, wellness and direct-to-consumer brands. Transaction terms were not disclosed, but Stord said in a news release on Wednesday that the sales price was nine figures. The deal includes 10 warehouses
From Freight Management to Self-Improving Networks Customers expect a Managed Transportation partner to run their freight reliably and cost efficiently. They should get more: experts who understand their network, bring ideas for making it better, and drive those changes. The scale and knowledge of their partner should work to their advantage. At Uber Freight, we call this Transportation Orchestration and it's the next step in delivering on this p
Highway pitches shared standards as freight fraud shifts Cargo thieves have learned to work the space between a broker and a carrier. They impersonate carriers, intercept load data and redirect shipments. Michael Caney, chief commercial officer of Highway, says no single vendor can close those gaps, and that freight needs shared standards for the data brokers use to choose carriers. Highway sells carrier identity and vetting tools to freight brokers, a
Nearly $1M in Pokémon and sports cards vanish from FedEx truck, driver discovers missing lock Nearly $1 million in Pokémon, sports and other trading cards disappeared from a FedEx truck in Santa Ana, California. The driver discovered the missing cargo October 13 outside a Professional Sports Authenticator (PSA) facility. Two pallets had vanished, and someone had removed additional packages from a third. Police are still trying to determine when and where the theft occurred. Driver discove
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