HD Hyundai and Kiewit plan next-gen U.S. shipbuilding JV Hyundai USA LLC (HD Hyundai) and Kiewit Maritime Co. (Kiewit), an affiliate of Kiewit Offshore Services, Ltd., have announced plans to establish HD Kiewit Shipbuilding LLC, a joint venture focused on developing
ICE Pact partners meet in Canada Canada's Defence Investment Agency reports that officials from the governments of Canada, Finland and the United States met in Québec City and Ottawa from October 19 to 21 under the Icebreaker Collaboration
Empire State training ship set to return to SUNY Maritime by mid-November In a social media post, Rear Admiral John A. Okon, USN (ret.), President of SUNY Maritime College reports that the training ship Empire State VII is now expected to return to Fort
FERRIES 2026 to examine cybersecurity's impact on ferry operations As ferry systems become increasingly reliant on digital technologies, cybersecurity is an important part of maintaining safe, reliable operations. From protecting onboard systems to securing shoreside networks and passenger information, operators face
Fraser Industries to be acquired by Wildcat Equity Partners Eric Nicolaides-led Wildcat Equity Partners, which in September made an offer for Austal USA, reports that its Wildcat Defense subsidiary has signed an exclusive agreement with the owners of Fraser Industries to
As world shipyard orders grow, China still dominates "On September 1, 2026, the global shipyard order book reached an estimated 203.2 million compensated gross tonnage (CGT), up 13% from 180.0 million CGT a year earlier," says Niels Rasmussen, chief shipping
MPA marks christening of first ammonia dual-fuelled vessel The Maritime and Port Authority of Singapore and Eastern Pacific Shipping have marked the christening of Terra Clove at HD Hyundai Heavy Industries in Ulsan, South Korea. The 93,000 cubic metre Very Large Ammonia Carrier is EPS's first ammonia dual-fuelled vessel and the first ammonia dual-fuelled commercial newbuild vessel to be registered under the Singapore Registry of Ships. The vessel is equ
DSV reports higher Q3 earnings as Schenker integration weighs on Road division DSV reported higher revenue and operating profit in the third quarter of 2026, supported by strong earnings in its Air & Sea and Contract Logistics divisions. Revenue reached DKK 80.7 billion, compared with DKK 72 billion in the same period last year. Operating profit (EBIT) before special items increased to DKK 6.6 billion from DKK 5.4 billion. The quarterly result included DKK 300 million in ga
Panama Canal transits rise 4.1% in FY2026 as tonnage reaches 521 million The Panama Canal recorded higher vessel traffic and tonnage in fiscal year 2026, supported by stronger activity in energy shipping and the container shipping sector. The waterway handled 13,951 vessel transits between October 2025 and September 2026, an increase of 4.1% compared with 13,404 transits in the previous fiscal year. Total tonnage reached 521 million Panama Canal Universal Measurement
Hapag-Lloyd expects more services to return to Suez Canal Hapag-Lloyd expects additional shipping services to return to the Suez Canal as maritime conditions in the Red Sea gradually improve, according to the Suez Canal Authority (SCA). The development was discussed during a meeting between SCA Chairman Adm. Ossama Rabiee and Juan Pablo Richards, Hapag-Lloyd's Regional Head for Southern Europe, on October 21. According to the SCA, two Hapag-Lloyd servic
ID Logistics revenue jumps 25.6% in Q3 as North America drives growth ID Logistics reported a 25.6% increase in revenue during the third quarter of 2026, supported by strong growth in North America and continued expansion across its international operations. The contract logistics group generated revenue of €1.18 billion, compared with €937.8 million in the same period last year. Like-for-like growth reached 25%, accelerating from 22.6% in the second quarter and 17
MSC launches Jasmine service linking China and Indonesia MSC has announced the launch of Jasmine, a new standalone service connecting ports in China with Singapore and Indonesia. The service will provide direct connections between Shanghai, Ningbo, Shekou, Singapore, Surabaya and Semarang. MSC Wind II, operating voyage HF645A, will inaugurate the Jasmine service. The vessel is expected to arrive in Shanghai on 4 November 2026. The post appeared first
CSSC Offshore & Marine Engineering secures RMB35.8 billion in new orders CSSC Offshore & Marine Engineering (Group) Company Limited (COMEC) secured RMB35.799 billion in new orders during the first nine months of 2026, exceeding its full-year contract target by a substantial margin. According to a stock exchange disclosure dated 20 October, the Chinese shipbuilder achieved 217.97% of its annual order intake target by the end of September, with contracts covering severa
SC Ports handles first Isuzu container shipment through Inland Port Greer South Carolina Ports (SC Ports) has handled the first container carrying production equipment for Isuzu North America Corporation's new manufacturing facility in South Carolina. The shipment arrived at the Port of Charleston before moving by rail to Inland Port Greer. It marks an early logistics milestone for Isuzu's planned production operations in Greenville County. Isuzu selected the location
Rhenus introduces smart picking technology at Merck logistics hub in France Rhenus has introduced a smart order-picking system at its logistics hub in Strasbourg, France, to improve warehouse operations for science and technology company Merck. Developed with logistics technology specialist Signature One, the solution combines automated weight checks, light-guided picking and digital quality controls. The Strasbourg facility supports Merck's operations in Molsheim and pr
CMA CGM's first container train arrives at Hungary's East-West Gate terminal CMA CGM's first container train has arrived at the East-West Gate (EWG) intermodal terminal in Fényeslitke, Hungary, marking a new development in the facility's growing role in international container logistics. The arrival follows the introduction of Maersk's container depot and dry port services at the terminal earlier in 2026. The presence of both shipping companies reflects growing interest i
US announces nationwide rail infrastructure investment The US Department of Transportation has announced a US$2.3 billion investment covering freight and passenger rail projects across 45 states and the District of Columbia. The funding will be distributed through the Federal Railroad Administration's Consolidated Rail Infrastructure and Safety Improvements Grant Programme. The latest funding round includes 105 projects and is expected to support imp
Freightos partners with mas to expand digital air cargo bookings in Latin America Freightos has signed an agreement with cargo airline mas to expand digital air cargo booking and payment services across Latin America. The partnership will bring mas's widebody freighter capacity onto the Freightos platform. Freight forwarders will be able to book cargo space in real time and complete payments through an integrated digital system. The planned integration will initially focus on
Why Maersk is betting on Vietnam's rail freight future A US$3.5bn rail terminal plan with Hateco completes a three-year march from the quay to the hinterland. When APM Terminals and Vietnamese conglomerate Hateco signed a memorandum of understanding in Copenhagen on 20 October, the headline figure up to USUS$3.5 billion for a rail freight terminal network in northern Vietnam drew the attention
Explainer: How Tehran affects shipping through talks Iran is dragging out talks to hurt Trump before the midterms. Ships are paying for it now, and a larger bill may come due after November 3
Bureau Veritas reports 10.1% revenue growth in Q3 2026 Bureau Veritas reported revenue of €1.57 billion in the third quarter of 2026, an increase of 10.1% compared with the same period last year. The testing, inspection and certification group recorded organic revenue growth of 6.2%. Acquisitions contributed to the increase, while currency movements also supported the quarterly results. Growth was recorded across most of the company's divisions and g
COSCO Shipping Ports: What is driving its overseas terminal growth? COSCO Shipping Ports' overseas terminal portfolio is outperforming its wider network in 2026, although the headline figures conceal significant differences between individual facilities. According to the latest throughput figures reported by Container News , the company's overseas terminals, excluding Container Terminal Tollerort (CTT), handled 31.48 million TEUs during January-September, an incr
NWSA records decreased container volume September The Northwest Seaport Alliance recorded September 2026 total container volume of 265,692 TEUs, down 8.1% compared to September 2025, with full imports down 4.4% and full exports declining 9.6% year-on-year. However, on a month-on-month basis September delivered a significant sequential improvement, with full imports up 21.5% and full exports up 24.2% over August, indicating strengthening momentum
US waives new Russia-related tariffs of up to 500% The White House has waived new sanctions-related import duties targeting Russia and countries involved in Russian energy trade, following an executive order issued on October 16, 2026. The decision concerns measures introduced under the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which was signed into law on September 18. The legislation provides for additional tariffs of up to 500
Stockholm Norvik port inaugurates aggregate loading facility Ports of Stockholm has inaugurated a new port facility at Stockholm Norvik Port designed for the efficient loading of crushed rock aggregates onto bulk carriers, enabling large volumes of material generated during the port's original construction to be shipped by sea to infrastructure projects across the Baltic Sea region. The facility, built for NCC Industry and consisting of two pile-supported
DACHSER extends Fraunhofer partnership to advance AI and robotics in logistics DACHSER has extended its research partnership with two Fraunhofer institutes until the end of 2029. The collaboration will focus on artificial intelligence, robotics and digital solutions for logistics operations. The agreement covers the Fraunhofer Institute for Material Flow and Logistics (IML) in Dortmund and the Fraunhofer Institute for Intelligent Analysis and Information Systems (IAIS) in S
Port of San Diego welcomes ocean ecostructures The Port of San Diego Board of Port Commissioners has approved a new Blue Economy Incubator pilot project with Ocean Ecostructures, a startup that has developed biodiversity regeneration technology designed to enhance marine life on human-made ocean structures. The agreement marks the 15th pilot project launched by the BEI since its establishment in 2016 as a launching pad for sustainable, ocean-
MPA Singapore and China Classification Society advance decarbonisation and digitalisation The Maritime and Port Authority of Singapore and the China Classification Society have renewed their Memorandum of Understanding to strengthen collaboration in maritime decarbonisation, digitalisation and talent development. The renewal took place during the Sixth North Bund International Shipping Forum in Shanghai, building on the partnership established in 2023. Since 2023, MPA and CCS have col
Marco Polo Marine expands Korean offshore push with new JV Singapore-listed offshore vessel owner and shipyard group Marco Polo Marine has established a joint venture in South Korea with local partner NSEL, strengthening its presence in the country's offshore vessel market. The new company, Baramgil Offshore, will focus on vessel operations, management and chartering, with NSEL holding a 51% stake and Baramgil Corporation taking the ...
Eastern Pacific takes wraps off first ammonia dual-fuel VLAC Idan Ofer's Eastern Pacific Shipping (EPS) has named its first ammonia dual-fuel very large ammonia carrier (VLAC) at HD Hyundai Heavy Industries in South Korea, bringing the 93,000 cu m vessel closer to its commercial debut. The Singapore-based owner christened the vessel Terra Clove at the Ulsan yard, with delivery scheduled for November following sea ...
Viridien sharpens exploration picture beyond Guyana's Stabroek block French geophysical company Viridien has launched the first phase of a major seismic reimaging programme offshore Guyana, targeting more than 10,000 sq km of existing 3D data in and around the country's emerging shallow-water exploration acreage. The project covers the Kaieteur, Georgetown, Kanuku, and Corentyne legacy surveys and is intended to sharpen subsurface imaging updip ...
Seven Yield secures Chinese charter deal for car carrier pair Luxembourg-incorporated shipowner Seven Yield has secured five-year time charters for two LNG-powered car carriers with a major Chinese automobile manufacturer, extending employment for the vessels into the next decade. The agreements cover the 2020-built, 7,500 ceu sisterships Siem Confucius and Siem Aristotle, with the new charters scheduled to start in 2027 and 2028, respectively. Seven ...
Maersk Tankers lines up EU backing for four VLAC ammonia conversions Danish shipowner Maersk Tankers has moved closer to converting four very large ammonia carriers to run on the cargo they transport after its retrofit proposal was selected for support under the European Union's Innovation Fund. The project, known as RIPPLE, involves installing dual-fuel, two-stroke ammonia engines on four vessels in the company's expanding gas carrier ...
Iran claims seven vessels hit in new wave of Hormuz attacks Iran's Revolutionary Guards claimed today that seven vessels had been attacked or struck mines across the Persian Gulf over the past 24 hours, including four conducting ship-to-ship oil transfers. The IRGC Navy said it had tracked four vessels that previously used a route Tehran considers unauthorised, before striking them simultaneously as they transferred oil in ...
China's green corridor push hits commercial reality check China has emerged as a major player in the global green shipping corridor movement, with at least 21 initiatives linked to the country, although most remain in their early stages and only one has progressed towards commercial operation, according to a new report from the Global Maritime Forum. The study, released during the organisation's annual ...
Global shipbuilding boom moves into overdrive The global shipbuilding boom is gathering pace, with orderbooks surpassing their previous 2008 peak, Chinese yards tightening their grip on the market and tanker owners increasingly turning to inexperienced builders to secure delivery slots. New figures from BIMCO put the global orderbook at 203.2m compensated gross tonnes (cgt) at the start of September, up 13% ...
Tufton rides stronger markets with fresh tanker and bulker deals London-listed Tufton Assets has secured higher-paying employment across its tanker and dry bulk fleet, with two MR product tankers extended for another year and further charter renewals in the pipeline. The charterer of the 2016-built Catherine Grace and Madelyn Grace exercised options in October to extend both vessels' employment by 12 months at rates above ...
China adds new state-owned shipbuilding player in Guangzhou Guangzhou has formally launched a new state-owned maritime industrial group as the southern Chinese shipbuilding hub looks to expand its manufacturing capacity and bring more of the industry's supply chain under local ownership. Guangzhou Marine Equipment Group, established with registered capital of RMB2bn ($300m), has begun operations following an unveiling ceremony this week. The company ...
DOF secures deepwater installation job in Africa Norwegian offshore vessel owner DOF has secured a subsea installation contract worth for deepwater field developments offshore Africa. The Skandi Acergy vessel will execute the contract, with operations scheduled to begin early in the first quarter of 2027 and expected to last around 100 days. Under the agreement, DOF will provide project management, engineering, logistics, ...
Eni and Snam secure EU backing for Adriatic CCS project Eni and Snam have secured European Commission selection for funding of the second phase of their Ravenna carbon capture and storage (CCS) project, advancing plans for a major offshore CO2 storage hub in Italy's Adriatic Sea. The development was among the large-scale projects selected under the EU's 2025 Innovation Fund call for net-zero technologies. Ravenna ...
Archer pulls out of offshore wind projects amid financial troubles Norwegian offshore services group Archer is pulling out of offshore wind engineering, procurement, and construction work and considering a partial or full sale of Archer Wind after commercial problems on the Culzean floating wind pilot in the UK North Sea. The company disclosed the decision alongside third-quarter figures and a temporary suspension of shareholder distributions, ...
UK gives Jackdaw gas project green light after years of legal delays The UK government has cleared the long-delayed Jackdaw gas development in the North Sea, allowing operator Adura to bring the £2.1bn ($2.8bn) project onstream as early as the end of October. The North Sea Transition Authority granted fresh development consent after energy secretary Miatta Fahnbulleh agreed the field could proceed under revised environmental assessment rules. ...
A new world order emerges in LNG shipping The world's LNG trading map is undergoing its biggest upheaval in years, with the near-paralysis of Gulf exports redirecting cargoes across oceans, forcing Asian buyers towards alternative suppliers and pushing European gas prices to their highest levels since 2022. While gas prices approach $30 per million British thermal units, LNG carrier spot earnings remain remarkably ...
DS Tankers cuts VLCC fleet to one German outfit DS Tankers has sold the 15-year-old, Dalian-built VLCC DS Vision to undisclosed interests for $96m, well below VesselsValue's $161m valuation. In a comparable deal, the older, 2004-built Southern Emperor, also built at Dalian is reported selling for $110m. The low price tag for DS Vision is explained by the fact that the buyer ...
US sanctions net widens to shipping agents and lawyers Washington has widened its crackdown on Iran's shadow fleet, sanctioning a Greek-Panamanian law firm, shipping agents in Singapore and Dubai, and nine vessels in a move targeting the service providers behind Tehran's commodity exports. Announcing the measures yesterday, the US Treasury said Karnakis and Karnakis had established corporate structures for shipowners moving hundreds of millions ...
Indian maritime academy faces loss of training approval India's maritime regulator has warned Shivalik Maritime Academy that it could lose approval to train seafarers following an inspection that identified possible breaches of training requirements. The Directorate General of Maritime Administration (DGMA) issued a show cause notice yesterday after inspecting the academy in Dehradun in September. Inspectors found that only two of the 12 ...
The Daily View: Freedom of navigation needs more than faith
Panama Canal reinstates last-minute slots as transits increase again Water-saving measures are working, the Panama Canal Authority said, as transit growth shows 'ability to meet demand' and adapt to...
Largest containerships return to Red Sea in force More than 100 ships of above 16,000 teu have passed through the Suez Canal since September as carriers progressively restore...
EPS takes delivery of first ammonia-fuelled ship fitted with Everllence main engine EPS' Terra Clove is equipped with Everllence's first ammonia dual-fuel, two-stroke engine as commercial deployment of ammonia propulsion gathers pace
GXL levy could be twice as high as mainstream P&I rate hike for 2027 Competition among underwriters in niche still intense, says Vullo
The EU has released a new Arctic strategy: why now? The EU has published Arctic strategies before, but the direct references to competition and indeed threats by other states has...
Dominguez: Freedom of navigation will return to normal after conflicts end Dominguez is confident the maritime order will survive current conflicts - but warns the industry must stop treating seafarer safety...
Megamax ordering spree rolls on as MSC and Yang Ming eye new ships, despite growing overcapacity fears Yang Ming is poised to join the megamax club with its first 24,000 teu boxship orders as MSC is pursuing...
Tufton Assets sees tanker boost from Middle East Gulf and Black Sea crises Dry bulk looking good for 2027, says London-listed maritime investments outfit
KOTC tanker left drifting after latest Strait of Hormuz attack Al Dasma is the eighth KOTC-linked vessel reported hit as attacks on merchant shipping intensify across the MEG
Asian bunker supplies tighten with reduced Northeast Asian availability Asian bunker markets remain squeezed as the Hormuz crisis restricts Middle East Gulf fuel flows and regional supply tightens, keeping...
Daily Briefing Sinokor takes centre stage in high-risk Hormuz tanker trade as security risks mount | US targets law firm that helped...
DOT grant for rail upgrade boosts prospects for Port of Coos Bay expansion A $205 million upgrade of the Coos Bay Rail Line to link with Union Pacific for inland service opens the door for the potential construction of the Pacific Coast Intermodal Port that would be capable of handling 13,000-TEU vessels.
Railroads eager to raise intermodal rates as market dynamics shift Rail executives who have watched how sharply truck pricing has risen this year are looking forward to the 2027 bid cycle just underway to hike intermodal contract rates for the first time in four years.
Canada's Port Saint John receives public, private funding for capacity boost The announcement of US$330 million in funding from Ottawa, the province of New Brunswick and a local railroad operator comes as Canada continues to seek diversification among trading partners.
Kuehne + Nagel raises full-year profit forecast after robust Q3 earnings The forwarder reported strong growth in volume, capturing significant market share in the ocean and high-yielding air freight sectors.
A. Duie Pyle expands in Ohio as regional LTL carriers look to speed service Less-than-truckload service maps are being redrawn in the US Midwest as carriers make acquisitions and add terminals in markets such as Cincinnati.
Knight-Swift sees chance to expand driver workforce without broad pay increases CEO Adam Miller said rising barriers to entry could create opportunities for large carriers capable of recruiting and training drivers, while smaller competitors struggle with higher operating costs and regulatory requirements.
US and Denmark forge cooperation to help modernise American shipbuilding Non-binding MOU to provide 'skilled hands, capital and speed' to US yard sector
CMES scores $48m VLCC fixture to Petrobras as spot rates continue pullback Futures ignore spot market move, with forward contracts rising through March
US military says it prevented $25bn in Iranian oil exports in 100 days since blockade started Maritime information centre names ship involved in latest 'military interaction'
Activist investor demands change over 'horrible dilution' at Ismini Panagiotidi's Icon Energy Shipowner's chief executive rejects claims by head of Canadian private equity firm
Can Trump's Finland Model spark investment in America's shipyard sector? Presidential memorandum opens door for US ships to be constructed abroad - alongside investments in American yards
Cruise confidence builds orderbook that stretches into 2039 Optimism and capacity constraints drive large and long orderbook
Forty-one-year-old cargo ship banned after doing repair yard runner Italian-owned Lira did not call in Piraeus as required by port state inspectors
Judge orders payout over crew costs for trapped bulker Vessel was stuck in Ukrainian port for more than a year after invasion
BlackRock's Cosco Shipping Energy stake falls by one-third in days to about 6% Hong Kong filings show the fund giant lending shares, not trading them, after its holding declined by 39m shares
Dual-fuel liner fleet tops 500 ships as investment passes $200bn Figures highlight the importance of clear global rules to support future investment decisions, boxships lobby says
Iraqi Maritime Line returns to Gulf trades after 50-year absence National carrier has resumed regional container shipping services to strengthen its presence in regional maritime trade
QatarEnergy signs up to buy LNG from Cheniere Energy into 2054 Hormuz-hampered and drone-hit producing giant moves to diversify its supply
Maersk homes in on China yards for $5.5bn ultra-large container ships China trumps South Korea on 24,000-teu LNG dual-fuel vessel pricing
Seafarers force Dutch court sale of bulker to recover wages Crew-member creditors win judgment to sell off handysize in Rotterdam
Bruton nears Oslo exit following International Seaways deal Norwegian owner winding down trading as merger vote nears
Container charter-rate boom confounds fleet growth fears For a market that has been expected to weaken for more than two years, the correction remains notably elusive
The Pribor prophecy: how Seaways' stock strength helped a prediction come true This week's Streetwise takes a look at International Seaways pending stock-for-stock merger with Bruton
China green shipping corridor push could derisk transition for the rest, says GMF Key challenges will be how to bring down the price of zero-emission fuels and stimulate customer demand
Chinese oil buyers tipped to be cautious amid high costs and freight Signal Ocean fourth-quarter import forecast falls more than 2m bpd short of last year
Russia plans shipyard for floating nuclear power plants in Murmansk Rosatom looks to build facility to focus on nuclear for floating applications
Shipping mutuals complete buyout of management team UK and TT clubs to merge into larger transport mutual in February 2027
Soaring tanker prices boost Pistiolis tanker company's value by $75m Nasdaq-listed Rubico says it is trading at a 94% discount to its true worth
Panos Laskaridis tied to landmark newcastlemax order in China Big bulker quartet is more than 'business as usual' for Lavinia Bulkers and Zhoushan Changhong International
MSC doubles down on ultra-large container ships as rivals move into 24,000-teu segment Liner giant adds 10 newbuildings and upgrades 10 more at Hengli in $2.5bn push
Russian transfers move to Turkish coast as shuttle tankers go dark Sanctioned ships observed side by side in Arnavutkoy area
Fake papers scandal puts seafarers at risk, union warns Indian union calls for action from International Maritime Organization over fraudulent insurance papers
Stolt-Nielsen downgraded as Fearnley sees chemical tankers trading in 'own pocket' Owner will not benefit from strong product tanker markets, analyst says
FuelEU ups liquefied biomethane usage, but pricing must stack up Titan Clean Fuels reflects on a first full year of new regulation
Maersk Tankers wins EU funding to retrofit VLACs for ammonia power Four new carriers to be equipped with dual-fuel engines under RIPPLE project
Panama Canal revenue hits $6.6bn as transits increase Waterway's authority continues to adapt to the effects of El Nino
Stolt-Nielsen downgraded as Fearnleys sees chemical tankers trading in 'own pocket' Owner will not benefit from strong product tanker markets, analyst says
Eastern Pacific Shipping names world's first ammonia dual-fuelled VLAC Vessel can carry ammonia and burn it as fuel, supporting the emerging green-ammonia supply chain
Ammonia fuelling gets a boost from EU Innovation funding round Bio- and e-methanol production projects also benefit
Bruton shareholders take Seaways stock as merger edges closer Investors owning more than half of VLCC company's shares now have a stake in US owner
Tufton fixes eight tankers and bulkers on lucrative new deals as profit jumps More fresh charters to come as UK owner rides market highs
Iran targets Gulf STS transfers as it claims fresh batch of Hormuz strikes Revolutionary Guards warning to US to stop encouraging ship traffic in Middle East Gulf
Oldendorff Carriers bulker diverts to rescue migrants Kamsarmax bulker spends seven hours alongside 27 men and boys off Western Sahara amid Spanishrescue
Iran targets Gulf STS transfers as attack on Greek-managed tanker revealed Tehran's IRGC 'warns' US to stop encouraging ship traffic in the Middle East Gulf
John Fredriksen-backed SFL realises 'massive value added' as it diversifies platform Shipowner has plenty of cash after tanker sales
Trump team turns Iran sanctions sights on legal sector with blacklisting of Greek-Panamanian law firm Karnakis & Karnakis is accused of setting up companies for illicit Iranian shipping and acting as corporate agent for newly-sanctioned manager of seven bulkers
BlackRock's Cosco Shipping Energy stake falls by a third in days to about 6%. Hong Kong filings show the fund giant lending shares, not trading them, after a 39m-share fall in its holding
Wan Hai sees container market visibility shrink to just three months Taiwanese carrier is struggling to forecast beyond one quarter as geopolitical risks cloud its outlook
Lifting the lid on the world of maritime venture capital New three-part video podcast explores the role of venture capital in developing innovation and change in shipping
Aframax tankers in vogue as Asian charterers spurn costly VLCCs Smaller ships and long-term charters help refiners offset massive shipping bills
Daimler Truck sues former fleet manager over alleged $3.8M embezzlement Daimler Truck North America has filed a lawsuit against a former employee and his wife, accusing them of embezzling nearly $3.8 million from the commercial truck manufacturer over a five year period. The lawsuit, filed Oct. 12 in Washington County Circuit Court in Oregon, names former Daimler employee Terry S. Watson and his wife, Krystal Watson, as defendants. The case, No. 26CV57242, remains op
F3 preview: AI, autonomous trucking and freight technology take center stage FreightWaves' F3: Future of Freight Festival returns to Chattanooga next week, with sessions on AI adoption, autonomous trucking and the technologies reshaping freight operations taking center stage. The event, held Oct. 27-28 at The Signal at Chattanooga Choo Choo, will feature keynote presentations, fireside chats, technology demonstrations and discussions about how companies are applying new t
Feds charge driver in alleged $12M cargo theft scheme built on hijacked carrier identities Federal prosecutors have uncovered an alleged cargo theft conspiracy involving at least 24 freight shipments and millions in stolen merchandise. Investigators say suspects took control of established trucking companies and used their identities to secure legitimate freight contracts. Drivers then collected shipments from distribution facilities, but the cargo never reached its intended destinatio
Norfolk Southern profits rise on higher volume and revenue Norfolk Southern's third-quarter profits rose as higher volume and rates, and fuel surcharges, produced record revenue. "Our third quarter was strong with steady execution, making notable improvements to our network while delivering solid results," Chief Executive Mark George said on the railroad's earnings call. "We have an outstanding team of thoroughbreds who remain focused on the fundamentals
Union Pacific posts record third-quarter revenue and profits Union Pacific reported record third-quarter revenue and profits as higher volume , pricing, and efficiency gains more than offset the impact of rising fuel prices and inflation. "Union Pacific's third-quarter results demonstrate our ability to safely deliver the service we sold our customers while efficiently handling 6% volume growth," Chief Executive Jim Vena said on the railroad's (NYSE: UNP )
SONAR launches new routing guide and contract rate data, plus expanded SearchCarriers monitoring SONAR has released three new truckload dataset groups that measure what shippers pay their transportation providers - brokers and carriers - as freight moves through a routing guide and as contract rates reset. SONAR also expanded SearchCarriers with carrier watchlists, email alerts, inspection search and equipment lookup by VIN or license plate. The new data answers a question shippers have long
Cass Q3 Earnings Soar: 19% EPS Growth & Freight Market Boom Cass Information Systems CFO Mike Normile reveals how rising freight rates, fuel surcharges, and higher interest rates fueled a 19% increase in earnings per share for Q3. He details the impact of market shifts on their financial performance and discusses strategic investments in AI and technology for future competitiveness. Discover how Cass thrives in today's changing supply chain finance landsc
How Triumph Financial's CEO Beat the Longest Freight Recession Triumph Financial CEO Aaron Graft joins FreightWaves to discuss how his company achieved a remarkable 38% transportation revenue growth during one of the longest freight recessions in history. Discover the strategic investments in platform and product development that fueled organic growth, allowing Triumph to thrive despite challenging market dynamics. Graft also shares critical insights on the
Safety Should Be Provable, Not Just Compliant Register for Lytx's Oct. 27 webinar on building a defensible safety record . Since 1994, many courts interpreted the Federal Aviation Administration Act (FAAAA) to shield brokers from state-law negligent hiring lawsuits, finding that such claims were preempted since they related to a broker's services in arranging transportation. In May, the Supreme Court closed that door. In Montgomery v. Caribe
Commodity markets whip up railfreight gains Industrial output help U.S. railroads steel themselves against increasing demand and show some mettle amid uncertain economic conditions. For the week ending Oct. 17, total U.S. weekly rail traffic was 540,135 carloads and intermodal units, up 8.5% from the same week a year ago, according to the Association of American Railroads. Carloads totaled 232,120 units, up 3.5%, and intermodal volume of 3
CBP seizes $2.5M in meth hidden in tomatillo truck at Otay Mesa; driver's visa canceled A tractor-trailer carrying fresh tomatillos arrived at California's Otay Mesa port of entry from Mexico on October 14. The commercial shipment had a delivery destination in the United States. During an inspection, U.S. Customs and Border Protection officers discovered nearly 1,600 pounds of methamphetamine mixed with the produce. Authorities estimated the narcotics' street value at approximately
US trailer orders soar 385% as Class 8 truck market sends mixed signals U.S. trailer orders surged in September to their highest level in nearly four years, while FTR Transportation Intelligence and ACT Research reported conflicting trends in North American Class 8 truck orders. The mixed signals come as fleets navigate regulatory uncertainty , rising equipment costs and shifting investment priorities ahead of the 2027 model year. U.S. trailer net orders reached 43,0
UPS automates 4 additional facilities ahead of peak shipping season United Parcel Service has completed the conversion of four more conventional package sortation centers into automated facilities just in time for the busy holiday shipping season. New or enhanced automated facilities are now operating in Denver, St. Paul, Minnesota; Syracuse, New York; and Portland, Oregon, UPS ( NYSE: UPS ) said this month in a news release highlighting how it has prepared for p
First look: Union Pacific earnings Union Pacific reported a 16% increase in third-quarter profit Thursday as higher freight volumes, pricing gains and fuel surcharges lifted revenue, with intermodal traffic leading the railroad's growth. The Omaha-based railroad (NYSE: UNP ) earned $2.08 billion, or $3.49 per diluted share, compared with $1.79 billion, or $3.01 per share, a year earlier. Adjusted earnings of $3.53 per share exceed
First look: Norfolk Southern earnings Norfolk Southern reported higher third-quarter earnings and record revenue Thursday as freight volume grew and fuel surcharges increased, although expenses consumed a larger share of revenue. The railroad (NYSE: NSC ) said revenue rose 14%, to $3.5 billion, on a 3% increase in volume. Higher fuel surcharges accounted for eight percentage points of revenue growth. Income from railway operations in
First look: almost all strong numbers in Ryder's third quarter earnings It was a solid third quarter for Ryder, with improvement in just about every metric compared to the third quarter of 2025. The numbers have been good enough that Ryder (NYSE: R) raised its full-year outlook for 2026. With three quarters in the books, there's only so much higher it can go. But the company in its third quarter earnings release said it is raising its non-GAAP earnings per share esti
CSX profit jumps on volume and revenue growth CSX's third-quarter profits increased due to a combination of volume growth, higher fuel surcharge revenue, and efficiency gains, the railroad said. Operating income increased 44%, to $1.57 billion, while revenue increased 12%, to a record $4.02 billion, the company said Wednesday. Earnings per share increased 54%, to 57 cents. Adjusting for the impact of a one-time goodwill impairment in the thi
Knight-Swift again eyes big rate increases as new bid season nears Knight-Swift Transportation is benefitting from its high exposure to one-way truckload, the portion of the market experiencing the largest gains from the regulatory-fueled capacity shakeout. The carrier said Wednesday, in conjunction with its better-than-expected third-quarter report, that its tender rejections and spot rates are well ahead of industry averages, allowing it to quickly restore ma
Einride's autonomous trucks to learn from Nvidia's Alpamayo Einride will test Nvidia's Alpamayo, a reasoning-based AI driving model, inside the Einride Driver, its autonomous driving system, the company said Wednesday. The Swedish company plans to adapt the model to its own vehicles, routes, and operating data, with a live road evaluation planned for the second half of 2027. The project extends the collaboration Einride announced Sept. 21 to build its nex
Motive launches AI Agents as fleets weigh how to prevent problems Motive, an AI platform for physical operations, launched Agents on Monday at the American Trucking Associations' Management Conference & Exhibition (MCE) in Charlotte, North Carolina. These AI Agents act on safety and maintenance alerts under rules a fleet sets, including calling drivers, opening work orders, and bringing in managers so teams can scale without adding headcount. The company said A
Late, short deliveries cost food and CPG makers $100 billion Cleo estimates that late and incomplete deliveries cost U.S. and Canadian consumer packaged goods (CPG) and food and beverage manufacturers about $100 billion a year. The supply chain software company released the figure Tuesday in a report on on-time, in-full (OTIF) performance. Direct costs such as retailer chargebacks, expedited freight and dispute management make up $10 billion to $11 billion
Tesla Semi enters volume production as 2027 rollout approaches Tesla has begun volume production of its electric Class 8 Semi truck at its Nevada factory, a major milestone as the company prepares to expand commercial deliveries in the U.S. and enter the European market in 2027. The Austin, Texas-based electric vehicle manufacturer confirmed the production milestone Wednesday in its third-quarter earnings report, listing installed annual manufacturing capac
CEO's letter boasts of lots of arrows pointing up at Triumph Financial It was hard not to read the quarterly letter to shareholders by Aaron Graft, the CEO of Triumph Financial, and not get a sense that he was taking the first few steps into a victory lap. Triumph's message to investors for years has been consistent, and it has been amplified every three months in Graft's multi-page letter to shareholders, unique among CEOs. That message has been that Triumph Financ
The Data Your Truck Sends Home Is Becoming Your New Credit Score, And Your Insurance Rate Too Somewhere in your truck right now, a connected system is quietly recording how it is driven, how hard it works, where it goes, and how healthy its engine is, and that stream of data is no longer just a maintenance convenience, it is becoming one of the most important numbers in your business, because at a recent candid session with Daimler Truck leadership, a reporter cut straight to the point an
First look: Knight-Swift's Q3 beats expectations Knight-Swift Transportation beat third-quarter expectations Wednesday after the market closed. Knight-Swift ( NYSE: KNX ) reported adjusted earnings per share of 83 cents, 51 cents higher than the year-ago quarter and 7 cents better than the consensus estimate. ( Management's EPS guidance range was 71 to 77 cents.) Revenue of $2.2 billion was up 14% y/y (up 8% y/y excluding fuel surcharges) and s
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