Hapag-Lloyd and Government of India sign Letter of Intent for reflagging vessels in India, sustainable ship recycling & infrastructure development at Vadhvan Port
Redefining logistics and shipping : Launch of two pioneering industry books
Sarbananda Sonowal chairs review and consultation meeting with port and maritime stakeholders in Mumbai; adapting to the evolving geopolitical situation in the Middle East discussed
Govt launches RELIEF intervention for exporters impacted by West Asia situation
Shipping capacity reportedly down due to West Asia crisis
Pre-monsoon dredging at Adani Petronet (Dahej) Port
India must build indigenous cold chain technology to secure its logistics future: Report
C&C Marine expands 24 acres, builds automated spool shop C&C Marine & Repair, Belle Chasse, La., announced a 24-acre expansion of its facility and the development of a state-of-the-art, fully automated spool shop-planned to be the most advanced spool fabrication operation
Soo Locks to open for 2026 shipping season The Detroit Engineer District will open the Poe Lock, part of the Soo Locks, in Sault Ste. Marie, Mich., to all marine traffic at 12:01 a.m. EST on March 25, marking the
OpenTug debuts Signal Optimization for marine logistics OpenTug this week announced Signal Optimization, a new BargeOS capability designed to help marine logistics teams plan demand by matching the right assets to the right movements at the right time. Built
20,000 seafarers are trapped in the Mid East: IMO calls for safe evacuation framework With traffic through the Strait of Hormuz still effectively at a standstill, the IMO Council met from March 18-19, 2026, to discuss the situation in the Middle East and its impact on
Dorian LPG takes delivery of new 93,000 cu.m VLGAC Aerion Stamford, Conn.-based Dorian LPG Ltd. (NYSE: LPG) has taken delivery of the Areion, a 93,000 cubic meter LPG and ammonia very large gas carrier (VLGC/AC). Built at Hanwha Ocean's Okpo Shipyard in
Austal USA contracts Master Boat to fabricate T-ATS modules Austal USA reports that it has signed a contract with Master Boat Builders to fabricate modules for the U.S. Navy's Navajo-class Towing, Salvage, and Rescue Ship (T-ATS) program. The contract is part
AAM starts construction of new UTMSI research vessel All American Marine (AAM), Bellingham, Wash., has begun construction on a next-gen 78 x 26.7 foot aluminum catamaran research vessel for the University of Texas Marine Science Institute (UTMSI). The vessel is
Fincantier's Ancona Shipyard launches world's first hydrogen-hybrid cruise ship Fincantieri's Ancona Shipyard has launched Viking Libra, the world's first hydrogen-fueled cruise ship, or, more exactly, part hydrogen-fueled. The 239-meter, 998-passenger ship will have a hybrid propulsion system incorporating liquefied hydrogen and
CMA CGM raises Asia-Mediterranean & North Africa FAK Rates CMA CGM will increase Freight All Kind (FAK) rates on shipments from Asia to the Mediterranean and North Africa. The new rates will apply from April 1 to April 14, 2026. The company says the increase supports reliable and efficient service across these trade lanes. New FAK Rate Levels For 20-foot containers , the rates are: West Mediterranean: USD 4,300 Adriatic: USD 4,500 East Mediterranean: USD
Fincantieri launches world's first hydrogen-powered cruise ship "Viking Libra" Fincantieri has launched the "Viking Libra", the world's first hydrogen-powered cruise ship, at its shipyard in Ancona. The vessel, built for Viking, is scheduled for delivery at the end of 2026. The launch ceremony was attended by Gilberto Tobaldi , Director of the Ancona shipyard, along with representatives from Viking. A Milestone in Sustainable Cruising With a gross tonnage of approximate
Ocean Alliance revises Columbus PNW service rotation The Ocean Alliance is set to revise the port rotation of its Transpacific Columbus PNW service as part of its Day 10 product update, with changes scheduled to take effect in mid-April. Under the revised configuration, Kaohsiung will be replaced by Kwangyang as the first port of call on the service operated by CMA CGM. The updated rotation will include Kwangyang, Xiamen, Shenzhen (Yantian), Ningbo
OOCL to join CSX/SKV service as slot charterer OOCL will become a slot charterer on the newly introduced Shenzhen-Thailand/Cambodia CSX/SKV service operated by Gold Star Line and Interasia, according to DynaLiners. The service will be marketed by OOCL under the name CCT3, expanding its regional network coverage across Southeast Asia. The rotation of the service includes calls at Shenzhen (Shekou and Yantian), Laem Chabang in Thailand, Sihanou
MSC announces Emergency Fuel Surcharge for Europe-Indian Ocean and global trades MSC Mediterranean Shipping Company will introduce an Emergency Fuel Surcharge (EFS) on multiple trade routes starting April 2026. The measure responds to rising fuel costs and ongoing market disruption. Europe to Indian Ocean Islands and Fiji MSC will apply the surcharge from April 2, 2026 (BL date) until further notice. The surcharge covers shipments from Europe to Indian Ocean Islands and Fiji.
Drewry WCI rises 2% to $2,172 as Transpacific rates lead the charge Drewry's World Container Index (WCI) climbed 2% this week to $2,172 per 40-foot container, marking a third consecutive week of gains. Higher rates on the Transpacific trade route drove the increase, according to Drewry's assessment of March 19, 2026. On the Transpacific, Shanghai to New York jumped 7% to $3,310 per 40-foot container. Shanghai to Los Angeles rose 4% to $2,591. Drewry announced six
The Hormuz closure is not a shipping story but a trade story The WTO's latest trade outlook confirms what ship operators already know: the Strait's functional closure is compressing global merchandise trade growth toward levels not seen outside recession years and the damage will outlast any ceasefire
APM Terminals joins Hateco Hai Phong Terminal as 49% partner APM Terminals has become a 49% minority shareholder in the Hateco Hai Phong International Container Terminal (HHIT). It also joins as the operating partner. The terminal went from greenfield to full operations in three years. It now handles vessels up to 18,000 TEU. HHIT is the largest deep-water port in North Vietnam. It has two new berths in Lach Huyen, Hai Phong City. Its strategic location su
Wan Hai Lines announces Asia trades rate restoration Wan Hai Lines will apply a Rate Restoration (RR) on Asia trades effective April 1, 2026, citing rising operating costs linked to the ongoing situation in the Middle East. The adjustment applies as follows: $100 per 20-foot container and $200 per 40-foot container. The Taiwanese carrier said the move aims to ensure service continuity and maintain consistent service quality across affected trades.
ONE introduces Inland Emergency Fuel Surcharge amid Middle East crisis Ocean Network Express (ONE) will implement an Inland Haulage Fee (IHD inbound / IHL outbound) as an emergency fuel surcharge . This applies to all shipments moving to or from Canada and the United States inland. Guam, Saipan, Puerto Rico, and American Samoa are excluded. The surcharge responds to the ongoing fuel disruptions caused by the Strait of Hormuz closure and global supply challenges. ON
Explainer: When infrastructure becomes the target The strikes on Ras Laffan and South Pars have shattered the foundational assumption underpinning the selective permeability model that production assets were immune
Emirates Shipping suspends Sun Chief Express service Emirates Shipping has suspended its Sun Chief Express service, ending its only direct Transpacific connection, according to DynaLiners. The service was operated in cooperation with logistics provider UWL and connected key ports in Southeast Asia with the U.S. Pacific Northwest. Originally launched in 2022 by Swire Shipping, the service was taken over by Emirates Shipping in 2025. Plans had been i
CMA CGM implements Middle East inland Emergency Fuel Surcharge CMA CGM has announced an Inland Emergency Fuel Surcharge (IEFS) for the Middle East , as rising fuel costs continue to impact supply chains. The surcharge will take effect from March 23, 2026 , subject to regulatory approvals. Why It's Being Introduced Fuel prices are under significant upward pressure , affecting: Inland transport operations across all modes Overall logistics and container moveme
OOCL Sunflower loses containers in North Pacific An OOCL-operated containership lost multiple containers overboard while crossing the North Pacific in heavy weather conditions. The 16,800 TEU vessel OOCL Sunflower reportedly lost 32 containers on 3 March 2026 while sailing south of the Aleutian Islands, Alaska, en route from Taiwan to Long Beach. In addition to the containers lost at sea, a further 57 containers were reported damaged or displac
Explainer: How regulatory developments affect shipping Four compounding pressures US regulatory hostility, soaring compliance costs, fuel supply gaps, and LNG lock-in are not merely stalling decarbonization
Maersk issues Middle East operational update amid Hormuz disruptions Maersk has released a new operational update as tensions in the Strait of Hormuz continue to disrupt regional logistics. The company is implementing emergency measures to protect crews, cargo, and supply chains. Conditions remain volatile, and updates may change quickly. Expanded Landbridge and Multimodal Solutions Maersk is expanding landbridge solutions across the Gulf region. These cover Saudi
CMA CGM launches Transatlantic Panama direct service to Cork, Ireland CMA CGM will introduce a new port call in Cork, Ireland , linking the Irish market directly to New York and Savannah starting April 28, 2026 . Key Service Highlights: Direct Transatlantic Connections: Cork to New York and Savannah, offering faster and more reliable shipping options. Premium Service: Recognized for reliability and consistent schedules. Enhanced Capacity: An additional vessel will
NWSA full exports up 2.2% YTD despite overall volume decline The Northwest Seaport Alliance (NWSA) reported February 2026 container volumes totaling 207,725 TEUs , down 19.4% year-over-year due to last year's cargo frontloading ahead of tariffs. While full imports fell 29.5% , full exports increased 4.9% . Year-to-date (YTD) February 2026 volumes reached 435,890 TEUs , down 16.6% overall, with full exports up 2.2% and full imports down 22.6% . Infrastructu
CMA CGM announces FAK rate increases from Europe to India & Pakistan CMA CGM has announced an increase in its Freight All Kind (FAK) rates for shipments from Europe to India and Pakistan, effective April 1, 2026. Highlights of the new rates per container: 20' containers: North Europe - India: USD 810 (up from 660), North Europe - Pakistan: USD 910 (up from 760) 40' & 40'HC containers: North Europe - India: USD 720 (up from 570), North Europe - Pakistan: USD 820 (
Latitude naval technologies established at Port of Riga Latitude Construction, the shipbuilding company operating under the Latitude Yachts brand at the Port of Riga, has announced the establishment of a new subsidiary, Latitude Naval Technologies, dedicated to the development of offshore platforms for security and defence applications. The new entity adds to the growing cluster of innovative and military technology companies operating within the port
Take-private attempt for KNOT Offshore Partners falls through New York-listed shuttle tanker owner KNOT Offshore Partners said it has ended talks with its parent company, Knutsen NYK Offshore Tankers (KNOT) over a potential take-private deal, bringing months of negotiations to a close without agreement. The company confirmed that discussions with KNOT over an unsolicited buyout proposal first tabled in late October 2025 have ...
Baltic CCS network advances with Aker Solutions FEED award Norway's Aker Solutions has been awarded a FEED contract by KN Energies to support the development of the company's CO2 transshipment terminal infrastructure project in Klaipeda, Lithuania. The project forms part of the CCS Baltic Consortium, which aims to develop the first cross-border CCS network in the Baltic region. The Klaipeda terminal infrastructure development is ...
Splash Wrap: 'The largest supply disruption in the history of the global oil market' The International Energy Agency has called it "the largest supply disruption in the history of the global oil market" - and 20 days into the war between Iran and the US-Israeli coalition, the numbers bear that with massive crude and gas production shutdowns sending bunker prices and VLCC rates to record levels, and more than 20 ...
Japan offshore wind push gains momentum with new agreement The Japan Wind Power Association (JWPA) has signed a memorandum of understanding with the Global Wind Energy Council (GWEC) to accelerate offshore wind development in Japan. The agreement establishes a framework for collaboration between JWPA and GWEC to promote knowledge exchange, enhance industry and supply chain networks, and support the sustainable growth of Japan's offshore ...
BOMESC unit signs FPSO cooperation deal with SBM Offshore A subsidiary of Tianjin-based BOMESC Offshore Engineering has signed a long-term cooperation agreement with Dutch floater expert SBM Offshore. The deal, signed through Tianjin BOMCO Marine Engineering and Swiss SBM subsidiary Single Buoy Moorings Inc, covers fabrication, integration, and related construction services for topside modules of FPSO units. Under the framework, the two companies will ...
Qatar LNG damage, Yanbu strikes and Hormuz toll threats deepen shipping crisis The near-three-week conflict between Iran and the US/Israeli coalition has delivered its most severe blow yet to global energy infrastructure, with QatarEnergy confirming catastrophic damage to two of its flagship LNG trains and a cascade of fresh strikes on Middle East energy hubs threatening to reshape the shipping landscape for years to come. QatarEnergy has ...
Eni set for major growth with two hubs off Indonesia Italian energy giant Eni has taken the final investment decisions for the Gendalo and Gandang gas project (South Hub) and for the Geng North and Gehem fields (North Hub) offshore Indonesia. The FIDs come only 18 months after the project's development was approved in 2024. The developments leverage existing infrastructure, including the Jangkrik FPU and ...
Panama's president hits back at Hutchison over arbitration 'lies' Panamanian president José Raúl Mulino has accused CK Hutchison subsidiary Panama Ports Company of lying over the country's handling of arbitration proceedings, deepening a bitter dispute that has stripped the Hong Kong conglomerate of its long-held grip on two of the canal's most strategic terminals. Mulino fired back Thursday after PPC claimed Panama had failed ...
Maple Leaf Shipping marks 70 years with its first newcastlemax purchase China's Maple Leaf Shipping has marked its 70th anniversary by adding its largest vessel to date, emerging as the buyer of a 206,300 dwt newcastlemax bulker. Broker sources tell Splash the privately owned company is behind the purchase of the 2005-built Cape Merlin, which has now been renamed ES Bright Sea. Maple Leaf is one ...
Crew wellbeing stalled by shipboard medical privacy failures Seafarers are not hiding their health because they don't care, but because the system gives them no privacy, argues Doctor Jens Tülsner, CEO of Marine Medical Solutions in this exclusive for Splash. There is a growing tendency in shipping to assume that younger seafarers are somehow more reluctant to speak up about health concerns, as ...
Box shipping demand loss could trump gains from supply chain disruptions Supply chain disruptions are positive for box rates, but only if demand for containerised transport remains resilient. In this case...
Diana fires back at Genco after second rejection Greece-based bulker owner will battle on with proxy effort to re-elect independent directors to Genco board
Russia and Iran complain that freedom of navigation is being undermined The Strait of Hormuz closure has exacerbated existing tensions and led to another flurry of accusations between states accusing each...
Greek bulker makes first traceable westbound transit through Strait of Hormuz in over two weeks Oceanbulk's Giacometti is currently transiting through the strait with its AIS broadcasting its destination as 'Cargo food for Iran'
Life during wartime: marine insurers offer Gulf guidelines What to do if an unexploded missile lands on your ship's deck
Secondhand tanker sales slump as Middle East Gulf crisis dampens buyer confidence A peace agreement could trigger a rebound through renewed oil flows and restocking demand. But prolonged disruption would reduce fleet...
Cosco Shipping profit plunges over a third amid rate volatility Cosco Shipping Holdings reported a steep profit decline for 2025 as falling freight rates and geopolitical tensions weighed on earnings...
Shadow fleet LNG carrier poses 'imminent' ecological risk The LNG carrier is still afloat and laden, and is now drifting towards Libyan waters, Italian authorities said
Middle East port update: Friday, March 20 Traffic through the Strait of Hormuz continues to be severely disrupted and conditions may change at short notice in response...
China's Panama-flag crackdown worries financiers and shipowners as detentions continue to rise Panama's grip on the world's second-largest ship registry faces big test as Chinese pressure mounts
The Daily View: Long road to recovery
Daily Briefing LNG market facing years-long Qatari supply shortage following attacks | Yanbu loading risk rises as Iran targets energy infrastructure | Concerns...
US resin shippers look to tap new customers amid Iran war The closure of the Strait of Hormuz has cut off a major source of global resin supply, teeing up US production to fill in some of the gap.
FedEx Freight battles weak US industrial sector ahead of spinoff The latest quarterly results show that FedEx's less-than-truckload division is struggling with lackluster industrial demand, but a change in strategy after a planned June spinoff could provide different results.
APMT takes 49% stake in Haiphong's HHIT terminal in northern Vietnam The move comes just days after a joint venture between the two companies was selected as the preferred bidder to develop a $1.8 billion container terminal in Da Nang.
Cosco halts Balboa calls in latest twist over Panama port row Cosco did not give a reason for the move, but it comes just two weeks after the Panamanian government wrested control of Balboa and Cristobal ports from Hutchison-owned operator Panama Ports Company.
Hurdles in Persian Gulf test carriers moving stranded Asian cargo from India Market sources say an estimated 40,000 to 50,000 TEUs have landed at Indian ports thus far, with Nhava Sheva (JNPA) terminals alone accounting for 25,000 TEUs of discharges.
Trump's Jones Act waiver raises complaints - but will it be challenged? Some see the federal government's move as vulnerable to litigation. Others question whether anyone will stand up to sue
Genco-Diana battle of rhetoric continues as New York company speaks Takeover target continues to fault bid as substandard, lacking control premium
Friday selloff only slightly dampens solid bounceback week for shipping New York listings rebounded after being hit by investor jitters over Iran warfare and energy supply last week
Wavelength podcast: One week, two landmark deals for crude tankers Plus: Efforts have begun to try to evacuate seafarers trapped in Hormuz
Trump brands Nato allies 'cowards' for not offering ships to unblock Strait of Hormuz US president says the escorts were a 'simple military manoeuvre' despite warnings about the high-risk strategy by analysts
A ship grounded twice in key US waterway. Here's why Pilot probably believed his decisions would have more effect than they did, US probe reveals
Trump's Jones Act waiver could be used in US Pacific trades and to bypass the Bahamas 'two-step' But despite limited market impact, Jones Act market stakeholders worry about precedent
Chinese refiner Sinochem seeks spot crude cargoes to counter Hormuz disruption Traders say Middle East export halt is beginning to have an effect
Is VLCC consolidator Sinokor Maritime about to raid the suezmax sector? Market awash with talk, but firm deals have yet to emerge
Diana chief says Genco bosses focused on 'entrenching themselves' after new offer Greek company's CEO says battle for control of board will continue
France notches up fresh shadow fleet seizure as Macron refuses to be distracted by Iran war President Emmanuel Macron announced move saying vessels were evading international sanctions
Taylor Maritime signals sale of remaining bulkers after 51 disposals in three years Shareholders have agreed to 'realise' the value of its dry cargo assets
Lloyd's Register reveals cost of OTG takeover as underlying profit rises Bosses say class society now has a sharper focus on shipping
Dorian LPG taps Citibank and Nordea for $63m as large ammonia carrier delivered Versatile ship will join Helios LPG pool, owner says
BW prices upsized $140m Navigator Gas share offering at a discount Navigator will buy back $61.3m of offered shares
Purus Marine inks LNG newbuilding option at Samsung Heavy Industries Company has now notched up a fleet of 10 LNG vessels
Tor Olav Troim's Bruton adds four new VLCCs as former Frontline chief joins board Tor Olav Troim company taps CIMC Raffles while the early investor is named as one of two new directors
Two hours of power and rotting food: Crew stranded on sanctioned tanker in Suez prepare for return home Master set for longer stay on suezmax that was seized in dispute over unpaid canal fees in September
Ismini Panagiotidi-led Icon Energy eyes growth opportunities from Middle East disruption Greek bulker owner is enjoying much higher first-quarter freight earnings
John Su-led Erasmus fuels feeder expansion drive with third buy Athens-based owner's spending bill on modern, secondhand feeder ships hits the $100m mark
VLGC rates hit two-year high from the US amid scramble for gas Importers sourcing more cargoes from the West due to Middle East lock-ins
Jinhui sells second bulker this year amid ongoing fleet renewal drive Hong Kong owner disposes of ultramax for $24m
Frontline and Greek tankers tap into trade shift as Asia scrambles for oil Refiners increasingly using suezmaxes and aframaxes for Pacific voyages
BP and Vitol fix tankers from US to Australia as war redraws trade routes ExxonMobil is also sending cargoes south as conflict pushes record volumes
China's shipping digital push hits regulatory wall as rules lag behind technology Experts say vessels are ready to become digital assets, but standards and cross-border rules remain the real bottleneck
Strait of Hormuz safe corridor plan wins backing from UN shipping regulator Iran distances itself from final decisions after two-day meeting in London on Middle East crisis
Chandris (Hellas) tied to suezmax newbuilding deal in China CSSC-controlled shipbuilder Shanghai Waigaoqiao Shipbuilding has attracted a considerable volume of Greek suezmax business lately
X-Press Feeders banks $80m loan to fuel fleet renewal drive Sustainability-linked facility secured from KfW IPEX-Bank
Seglem and NYK fail in bid to take shuttle tanker owner KNOT Offshore private New York-listed takeover target says agreement could not be reached with Knutsen NYK Offshore Tankers
Chinese shipowning giant Cosco warns of challenging year ahead However, Chinese is pushing ahead with strong dividend payout and fleet renewal plans
Meet the chemical engineer running energy giant Shell's shipping operations in Asia and the Middle East
QatarEnergy details lost production that will cost it $20bn a year in revenue Middle East producer will be 'compelled' to declare force majeure to some long-term customers
'We have been very backward': data gaps stall China's shipping digital push Experts urge standards should come first as industry chases one-stop, AI-enabled shipping ecosystem
Cosco warns of challenging year ahead for liner as it reports profit slump for 2025 However, Chinese is pushing ahead with strong dividend payout and fleet renewal plans
China's shipping digital push hits regulatory wall as rules lag behind technology Experts say vessels are ready to become digital assets, but standards and cross-border rules remain the real bottleneck
Unpacking 'China's answer' to an age of uncertainty Scale, systems and security shape Beijing's response to maritime disruption
Two attorneys convicted in Louisiana staged accident scam Vanessa Motta and Jason Giles were found guilty Friday of numerous charges related to the Louisiana staged accident scam, according to news reports from the federal courthouse in New Orleans. The jury deliberated about six hours Friday after closing arguments wrapped up at the end of the day Thursday. The case was heard in the U.S. Eastern District of Louisiana. According to reports from NBC's Ne
Fullbay's 2026 report: Heavy-duty shops face structural technician shortage NASHVILLE, Tenn. - Fullbay's sixth annual State of Heavy-Duty Repair report shows an industry delivering record revenue growth even as it wrestles with rising wages and an aging workforce that could threaten long-term sustainability. The 2026 findings, drawn from nearly 900 professionals across the commercial vehicle repair sector, point to structural challenges rather than a simple cyclical dip.
Trailer storage demand rises as tariffs, nearshoring reshape supply chains Manufacturers and retailers across North America are increasingly turning to mobile storage trailers as a flexible alternative to traditional warehouses as supply chains face tariff volatility, labor shortages and rising logistics costs, John Brooks, founder and CEO of Warehouse on Wheels , said. Warehouse on Wheels, a mobile storage provider headquartered in Crestview Hills, Kentucky, operates a
How Trump's pause of shipping law could hurt U.S.-flag carriers, security A U.S.-flag ocean line says Jones Act carriers provide vital, reliable services and helps assure national security as President Donald Trump suspended the shipping law that bars foreign carriers from operating services between U.S. ports. "Jones Act carriers have invested billions in vessels, terminals, and port infrastructure serving Puerto Rico," said Trailer Bridge, in a February blog post. "T
DEF pump prices, so far, hold steady despite Middle East turmoil When truckers pull in to refuel their vehicles these days, there are two prices that are shocking. One is just how much the price of diesel has risen. The SONAR DTS.USA Truckstop average retail diesel price was $5.18/gallon Friday. On March 2, it was $3.81/g. The second shocker is the fact that the retail price of diesel exhaust fluid (DEF) appears to be holding firm at levels where it was prior
$6,535 for Parking in the Wrong Spot? This Receipt Is Going Viral and It Could Have Been Your Truck A tow bill landed on trucking Facebook this week and it has been making the rounds ever since. Drivers are sharing it, tagging each other, dropping fire emojis and expletives in equal measure. Some are calling it a scam. Some are saying the driver should have known better. Most are just staring at the total and doing the same quiet math: that could have been me. The invoice is real. A 2017 Freigh
1 in 85: The cocaine-positive truck driver turned pretend SAP cleared 1,000 drug violations There is a federal database sitting between a drug-positive commercial driver and the roads you drive on every day. It is called the FMCSA Drug and Alcohol Clearinghouse, and it is supposed to be the last line of defense between a CDL holder with a substance abuse violation and the cab of an 80,000-pound truck. Someone figured out how to beat it. One in every 85 CDL drivers who completed the fede
Five takeaways from State of Freight: Already strong market gets a wartime jolt The State of Freight webinars for several consecutive months have dealt with a new issue each month: a suddenly rising market, regulatory changes or now in the case of the March session, a war in Iran. It has rocked the freight market if for no other reason than the cost of filling a truck has climbed dramatically. Has the strengthening freight market held up against that turmoil? Here are five t
The non-domiciled CDL crackdown is law. Fleets have 4 problems On March 6, California cancelled 13,000 CDLs in a single day. On March 16, a new FMCSA final rule took effect nationally, limiting CDL eligibility for foreign-domiciled drivers to H-2A agricultural visas, H-2B seasonal non-agricultural visas, and E-2 treaty investor visas. DACA recipients, asylum seekers, EAD holders and refugees no longer qualify. Up to 200,000 drivers, approximately 5% of the e
Self-driving trucks could deliver $9 billion in annual consumer savings, report finds Self-driving trucks could deliver major savings across the more than $1 trillion U.S. trucking industry, according to a new report commissioned by Aurora Innovation and conducted by the Steer Group. The analysis projects $9 billion in annual consumer savings, account for $70 billion in gross domestic product and nearly 500 lives saved per year by 2035 in an accelerated deployment scenario. The re
Largest container line makes major move into tanker market The largest ocean container line wants to be a serious player in the tanker business. Mediterranean Shipping Co. has filed to acquire half of Sinokor Maritime, which operates a fleet of 78 very large crude carriers (VLCCs). MSC, which is controlled by media-shy billionaire Gianluigi Aponte, had been rumored to be making a move into the lucrative energy transportation market. The pending deal came
FedEx Freight's outlook lowered again FedEx Freight's results were pressured in the fiscal quarter that concluded on Feb. 28 as the company continued an initiative to enhance revenue quality. The focus on higher-value shipments, however, is occurring amid a muted demand backdrop. Shipment declines in the period were only partially offset by higher shipment weights and yields. Further, incremental costs associated with a planned separ
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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