Trump: Houthis face "major military punishment" following ship attacks In a post on Truth Social, President Trump says that "major military punishment" will be inflicted on Iran and the Houthis, after the Houthis, who declared a naval blockade on Saudi Arabia
Port of Long Beach, MARAD partner on maritime nuclear energy The Port of Long Beach became the first port in the nation to sign a Memorandum of Cooperation with the U.S. Department of Transportation's Maritime Administration (MARAD) on Wednesday to advance work
OneLearn Global launches new training course on working with Filipino seafarers Filipino seafarers play a vital role in keeping global trade moving, serving across vessel types, ranks and regions. As crews become increasingly multinational, Cyprus-based e-learning platform OneLearn Global, believes that better cultural
DOF sheds six PSVs, acquires two construction support vessels Norway's DOF Group ASA reports that it has completed two vessel transactions involving a total of six vessels as part of further fleet optimization and high-grading efforts to strengthen its position in
BMT acquires One2three Naval Architects BMT has acquired Australian naval architecture business One2three Naval Architects, saying that this broadens its strengths in maritime design in the areas of ferries, specialist craft, autonomy and advanced vessel technologies. Founded
Op-Ed: Technology alone won't solve the Navy's ship maintenance backlog Congress is rightly focused on the Navy's $17 billion investment in ship maintenance and industrial capacity. Discussions center on shipyard throughput, workforce shortages and modernization. Less attention is given to one of
Pilbara Ports formalises partnership with Port Hedland Seafarers Centre Pilbara Ports has strengthened its long-standing relationship with the Port Hedland Peace Memorial Seafarers Centre through a new Services Support Deed valued at approximately AUD 1.1 million over two years. The agreement, which formalises an existing partnership with the Centre, a member of the Mission to Seafarers, reaffirms Pilbara Ports' commitment to the welfare of seafarers visiting the reg
Kalmar wins new terminal equipment orders across Australia and Europe Kalmar has secured a series of new orders and service agreements in Australia, France, Sweden and Germany. The contracts support terminal automation, electrification and fleet maintenance. Most of the orders were booked in the company's second-quarter 2026 order intake. Patrick Terminals orders hybrid straddle carriers Patrick Terminals has ordered 10 Kalmar Hybrid Straddle Carriers and 12 Hybrid
Kuehne+Nagel raises 2026 outlook after strong second quarter Kuehne+Nagel reported higher revenue and earnings in the second quarter of 2026, driven by strong performance in its air logistics business, efficiency improvements and market share gains. The company also raised its full-year earnings outlook. Group net turnover increased 8% year-on-year to CHF 6.6 billion, while EBIT rose 11% to CHF 381 million. Earnings reached CHF 276 million, up 10% from the
ABS grants AIP for nuclear-powered 15,000 TEU containership ABS has granted Approval in Principle (AIP) for the concept design of a 15,000 TEU nuclear-powered containership, developed with the Korea Research Institute of Ships and Ocean Engineering (KRISO) and the Korea Atomic Energy Research Institute (KAERI). The vessel is designed around a small modular reactor (SMR) using marine molten salt reactor (MSR) technology. The AIP marks another step in a joi
Hapag-Lloyd adds direct Oakland call to WC5 service Hapag-Lloyd will introduce a direct call at the Port of Oakland on its WC5 service, strengthening connections between Asia and Northern California. The revised service rotation will be: Busan - Ningbo - Los Angeles - Oakland - Yokohama - Busan. The updated rotation will begin with the Missouri Express on voyage 634W. The vessel is scheduled to arrive in Oakland on 21 August 2026. Hapag-Lloyd said
DP World to develop two terminals at Fujairah DP World has reached an agreement in principle with the Fujairah Ports Authority for a 50-year concession to develop two new terminals on the UAE's east coast, expanding its national gateway network and providing customers with greater flexibility and connectivity across regional and global trade routes. The development comprises the Al Rugaylat container and multi-purpose terminal and the Dibba
Maersk adds direct Oakland call to TP7 trans-Pacific service Maersk will introduce a direct call at the Port of Oakland on its TP7 trans-Pacific service, expanding port coverage between Asia and the US West Coast. The updated rotation will be: Busan - Ningbo - Los Angeles - Oakland - Yokohama - Busan. The revised service will begin with the Missouri Express on voyage 634W, which is scheduled to arrive in Oakland on 21 August 2026. According to Maersk, the
Panama and China renew maritime transport agreement Panama and China have agreed to renew their bilateral Maritime Transport Agreement, preserving preferential treatment for Panamanian-flagged vessels calling at Chinese ports. The agreement follows high-level negotiations held in Beijing on 16-17 July. Panama's Ministry of Foreign Affairs said both countries had reached a consensus and would begin the formal renewal process for the agreement, whic
Explainer: Inside the Iranian calculus Iran does not intend to close the Strait of Hormuz and, according to a red-team reconstruction of its strategic calculus, it never did
Kalmar posts strong sales growth in H1 and maintains 2026 outlook Kalmar reported higher sales and improved profitability in the second quarter of 2026, supported by stable market demand, strong cash flow and growing demand for electric equipment. The company kept its full-year guidance unchanged. Second-quarter sales increased 14% year-on-year to €480 million. Orders remained stable at €449 million, while the order book stood at €986 million at the end of June
NWSA exports remain above five-year average despite lower container volumes The Northwest Seaport Alliance (NWSA) reported that laden exports remained 1.8% above the five-year average during the first half of 2026, despite lower overall container volumes. Year-to-date container throughput reached 1.43 million TEUs, down 12.4% compared with the same period in 2025. Full imports declined 13.9%, while full exports fell 1.2%. In June, the NWSA handled 262,546 TEUs, a 4.4% de
Explainer: Hedging, not choosing, in the Bay of Bengal A US$1bn drydock proposal at Matarbari pairs an Australian financier with a Chinese state contractor complicating the Western-versus-China reading of Bangladesh's port strategy and pointing toward a bid for maritime-industrial capability
Port of Bilbao receives largest container ship in its history The Port of Bilbao has welcomed the MSC Ruby, the largest container ship ever to call at the Spanish port. Operated by MSC, the vessel measures 366 metres in length and 48 metres in width. It has a capacity of 13,000 TEUs. MSC Ruby en puerto de Bilbao The MSC Ruby arrived at CSP Iberian Bilbao Terminal from Sines at 7:00 a.m. It is scheduled to depart on Thursday for Le Havre. The terminal handle
MSC Air Cargo orders five Boeing 777-8 Freighters MSC Air Cargo has ordered five Boeing 777-8 Freighters, expanding its all-Boeing freighter fleet as it prepares for future growth in the global air cargo market. The order, previously listed as unidentified in Boeing's order book, marks MSC Air Cargo's first purchase of the new-generation 777-8 Freighter. The aircraft will join the carrier's existing 777 Freighter fleet. Boeing said the 777-8 Fre
CMA CGM announces new peak season and bunker surcharges CMA CGM has announced new Peak Season Surcharges (PSS) and a Bunker Adjustment Factor (BAF) update affecting several trade lanes. New PSS for Mediterranean exports From 1 August 2026, CMA CGM will apply a new PSS on out-of-gauge (OOG) cargo moving from the Mediterranean to the Middle East Gulf and Red Sea. Cargo shipped from the Adriatic, East Mediterranean and Black Sea will incur a surcharge of
Containership orderbook reaches record 11.93 million TEU The global containership industry continued to invest aggressively in new capacity during 2025 despite persistent concerns over future overcapacity, with shipowners placing record orders while demolition activity fell to its lowest level ever recorded. According to the latest DynaLiners Trades Review 2026 , the figures highlight an industry that remains committed to long-term fleet renewal even a
Hiab raises 2026 profit outlook after orders reach four-year high Hiab reported higher order intake in the second quarter and raised its profitability outlook for 2026 after recording its strongest quarterly order performance in four years. Orders received increased 16% year-on-year to €437 million in the second quarter, while the order book grew to €589 million. Sales remained stable at €403 million. Comparable operating profit increased to €61 million, repres
Davie launches autonomous maritime company in Ontario Davie has launched Davie Autonomous Inc., a new Ontario-based company that will manufacture and integrate uncrewed and autonomous maritime vehicles and systems in Canada. The company will initially focus on advanced composite uncrewed surface vessels (USVs) developed in partnership with Kraken Technology Group. The announcement follows the strategic collaboration between Davie and Kraken unveiled
Panama Canal highlights preventive maintenance strategy to boost reliability The Panama Canal Authority (ACP) says preventive maintenance remains essential to keeping the waterway safe, reliable and efficient. The authority follows a long-term maintenance programme. It focuses on preserving, modernising and extending the life of critical infrastructure. The goal is to prevent failures before they occur. The programme covers the canal's locks, gates, valves, hydraulic syst
US container imports from Asia rise 14.9% in June as Vietnam continues strong growth US container imports from 10 major Asian economies increased 14.9% year-on-year in June, reaching 1.77 million TEUs, according to Descartes Datamyne statistics based on US Customs and Border Protection (CBP) data. Compared with May, imports from Asia rose 1%. Overall, US container imports reached 2.43 million TEUs in June, representing a 9.6% increase compared with the same month last year. Durin
Diana rolls panamax bulker into stronger Stone Shipping fixture New York-listed Greek owner Diana Shipping has locked in a 63% rate increase for one of its panamax bulkers after extending the vessel's employment with Stone Shipping. The 2014-built, 77,529 dwt ice-class Atalandi will earn $16,500 per day, less a 5% commission, from August 5. The charter runs until at least August 1, 2027, with ...
Wisdom pulls plug on Japanese handysize deal Taiwanese bulker owner Wisdom Marine has dropped plans to acquire two handysize newbuildings from Japan's Naikai Zosen after the two sides failed to reach an agreement. The Taipei-listed company approved the proposed transaction in March 2025, setting a price ceiling of $35.375m per ship and $70.75m for the 39,000 dwt pair. Wisdom said the discussions ...
BW Ideol adds NGE to Mediterranean floater push BW Group's floating wind company, BW Ideol, has brought French construction group NGE into its Fos3F floating wind foundation factory project at Fos-sur-Mer, with the partners taking equal stakes in the venture. The exclusive tie-up covers the Mediterranean floating wind market and will see the companies jointly develop the planned serial production line at Marseille ...
Norsepower validates rotor sail savings on Oldendorff bulker Finnish wind propulsion specialist Norsepower has secured third-party validation of its system for continuously measuring the thrust and power savings generated by rotor sails. The assessment was carried out by RISE's SSPA Maritime Centre onboard the Chinook Oldendorff, a post-panamax bulker fitted with three tilting Norsepower rotor sails. Norsepower uses pressure sensors built into the ...
Aberdeen buys into Malaysian liner MTT London-listed asset manager Aberdeen Group has taken a 5.075% stake in Malaysian liner operator MTT Shipping and Logistics, becoming one of the company's largest shareholders. Aberdeen's Malaysian investment arm acquired 126.86m shares, worth an estimated RM123.1m ($30m) based on MTT's closing share price that day. The stake places Aberdeen alongside executive chairman Ong Kean Lee, ...
Vale shareholders elect Manuel Oliveira as chairman The shareholders of Brazilian mining giant Vale elected lead independent director Manuel Lino Oliveira as chairman, ending a boardroom struggle at one of the most important dry bulk market cargo interests. Oliveira was selected to replace Daniel Stieler, who resigned earlier in the month following pressure from Previ, the pension fund of employees of state-controlled ...
ONE plugs into Ofiniti bunker platform in Singapore trial Marine fuels software provider Ofiniti has started a trial in Singapore connecting its FuelBoss platform directly with Ocean Network Express's bunker procurement system. The Japanese liner is Ofiniti's first buyer-side integration partner, extending FuelBoss beyond the digitalisation of bunker delivery operations into the purchasing and claims systems used by shipowners. The system-to-system link
Why America may reflag Gulf tankers again The US does not depend on Gulf oil as it once did, yet the threat to global prices and shipping may leave Washington with little choice but to formalise its growing escort operation. Punit Oza explains. In 1987, the United States reflagged Kuwaiti oil tankers and escorted them through the Gulf under Operation Earnest Will ...
Ports and pipelines reshape Middle East trade beyond Hormuz DP World has confirmed plans for two major terminals on the UAE's east coast, creating new cargo-handling capacity outside the Strait of Hormuz as war forces governments and logistics groups to redraw the Middle East's transport map. The Dubai-based operator has reached an agreement in principle with Fujairah Ports Authority for a 50-year concession covering ...
Dalian launches new deepsea shipping platform A new ocean-going shipping company has been established in Dalian as the northeastern Chinese port city seeks to retain more value from locally generated cargo and build greater control over international transport capacity. Dalian Ocean Shipping Co was formally inaugurated on July 22 under the leadership of China Dalian International Economic & Technical Cooperation Group, ...
Titan Wind Energy joins China's tanker building ranks Another Chinese industrial group is moving into mainstream merchant shipbuilding, with Titan Wind Energy securing its first order for conventional crude oil tankers. The Suzhou-based renewable energy equipment manufacturer said its wholly owned offshore engineering subsidiary had signed a contract with an undisclosed international shipowner for two firm 113,800 dwt tankers, with options for two ...
ABL wins Papua New Guinea FSO support contract A marine, engineering, and energy consultancy, ABL, has secured an agreement with Santos' subsidiary, Oil Search Limited, as the operator of the PNG Oilfields Projects, to provide services linked to a new FSO facility. Under the contract, ABL will provide marine warranty survey services offshore Papua New Guinea and at international locations to support the ...
Velesto bags $51m North Malay Basin contract Malaysia's Velesto Energy has landed a contract from Hess, a Chevron subsidiary, to provide integrated rig, drilling, and completion services in the North Malay Basin. The contract, worth around $51m (RM208mil), was disclosed in a filing with Bursa Malaysia and was handed to the Naga 8 jackup rig, set to start drilling in August. Work ...
Russia-Ukraine strikes choke Black Sea trade Commercial shipping across the Black Sea is being squeezed from both directions as Russia steps up attacks on Ukrainian ports and vessels while Kyiv's drone campaign forces new restrictions at Russia's largest maritime gateways. Russia's defence ministry said on Wednesday that its forces struck port infrastructure and ships in Odesa and Chornomorsk. It claimed a ...
Improving safety record masks rise in offshore fatalities Improving injury rates are masking the continued threat of fatal accidents across the offshore marine contracting industry, according to a report published by the International Marine Contractors Association (IMCA). The new Annual Safety Statistics Report revealed that fatalities more than doubled despite overall safety performance improving. The report, based on one of the largest safety ...
DOF revamps fleet with vessel sales and CSV acquisitions Norwegian offshore vessel owner DOF has moved to reshape its fleet with a mix of divestments, newbuild acquisitions, and an insurance payout after declaring a total loss on the Skandi Amazonas. The company said it has agreed to sell four platform supply vessels - Skandi Mongstad, Skandi Flora, Skandi Feistein, and Skandi Kvitsøy - while ...
Houthis claim strikes on two Saudi tankers Yemen's Houthi movement claimed to have struck two Saudi oil tankers in the Red Sea on Wednesday, the first attacks since the group declared a naval blockade on Saudi Arabia earlier this week and a direct test of how far it is willing to escalate. The Yemeni Armed Forces said it targeted the Encelia and ...
Splash Ports: A new home for ports intelligence Splash Ports, a dedicated vertical covering the ports and terminals sector across container, bulk, and energy operations worldwide, launches today. The new publication has been created to provide daily reporting, analysis and intelligence covering the infrastructure, investment, technology and policy shaping the world's ports and supply chains. Splash Ports will cover port authorities, container
VLGC spot rates shoot higher again as Hormuz crisis reintensifies Very large gas carriers have been one of the best-performing shipping segments during the Hormuz crisis. The rate pullback in...
The Daily View: Avoiding headaches
EU agrees Russian LNG exemption in 21st sanctions package EU companies will be allowed to transport Russian LNG to third countries under the exemption, including Dynagas, which has vessels...
Second Standard & Poor's upgrade expected, says Japan Club Sole Asian affiliate books lowest combined ratio in International Group
The Houthis are back: what next for shipping? Senior reporter Joshua Minchin brings you highlights from Lloyd's List's weekly webinar, focusing on the newly ignited violence in the...
Dynacom tanker believed to now be in Iran Burning product tanker Kavomaleas was already drifting towards Iranian coastline
Supreme Court unanimously upholds Lila Lisbon bargain damages ruling Lord Hamblen and Lord Burrows find for buyers after capesize S&P deal went wrong
DP World plans new terminals to bypass Strait of Hormuz When complete, the container terminal will be able to handle up to 2.5m teu per year, crucially on the UAE's...
China's continued vehicle export boom boosts PCTC charter rates, asset values and newbuild orders Orders for vehicle carrier newbuildings have rebounded this year with 29 new ships contracted in the first half of 2026...
Attack on Turkish bulker leaves one seafarer missing The bulker's owners say one crew member is missing and two are injured
Middle East port update: Thursday, July 23 In UAE, Fujairah and Khor Fakkan port activities and business operations are proceeding effectively
Chinese VLCC granted Houthi passage as militia tightens Saudi blockade Chinese vessels appear to retain partial safe passage through Houthi-controlled waters even as militia strikes Saudi tankers
Tanker hit as Houthis launch attacks on Saudi-linked vessels The double blockade in the Red Sea and Hormuz has raised the threat level to shipping, with Asia possibly losing...
Daily Briefing Product tanker demand under pressure even as crack spreads surge | Green fuel subsidies welcomed, but EU ETS plan raises...
Product tanker demand under pressure even as crack spreads surge When refineries are raking in profits from diesel and gasoline, as they are now, one might expect product tanker rates...
'Win-win' CN deal bolsters NS merger case, expands intermodal options: UP Union Pacific could provide faster transits through Chicago in addition to Canadian National dropping its opposition to the merger with Norfolk Southern.
K+N raises full-year forecast as market strengthens The forwarder joins several other companies in the transport and logistics sector that have also raised their profit guidance following better-than-expected results.
Truckload market enters repricing cycle as carriers move to 'reset' rates Knight-Swift earnings, DAT pricing data and ATA freight volumes point to a market increasingly driven by tightening capacity rather than stronger freight demand.
CMA CGM seeks Suez return for India-USEC lane amid renewed Middle East tensions The service had switched over to the Suez route in January before halting in early March when the Middle East war broke out.
Lack of capacity holds back Rotterdam's first-half volume Strong demand was offset by a sharp drop in transshipment volume as constraints in container handling infrastructure was exposed in the port's performance.
Cosco Shipping strengthens heavy-lift MPV fleet with eight-ship order The new ships are set to carry offshore wind components and Chinese-manufactured industrial cargoes including Battery Energy Storage Systems.
Dynagas scores victory as EU waters down new Russian sanctions package New measures include sanctions on shadow fleet vessels and services including a crewing agency
US-listed shipping stocks thriving as Middle East conflict expands Tankers continue to benefit from geopolitical disruption, but so do bulkers
The real danger: Houthis have to hit further north to disrupt shipping to key Saudi tanker port As oil hits $100 per barrel, experts run the rule over rebel disruption to Red Sea
Diana Shipping scores higher time-charter rate for panamax bulker Greek owner extends charter with Stone Shipping
Kazakhstan seeks damages as Black Sea tanker exports come under attack Ukraine has targeted suezmax tankers loading at the Caspian Pipeline Consortium terminal
'Unprecedented' geopolitics means good times ahead for Nordic American Tankers, Hansson says So-called experts are wrong and suezmax strength can last two years, CEO argues
Owners who pay Iran's Strait of Hormuz toll face losing insurance Move follows concerns that underwriters could be prosecuted for aiding terrorism and busting sanctions
New UAE ports to bypass Strait of Hormuz, DP World confirms Giant terminals group looking to add container and cargo capacity away from chokepoint
Oldendorff Carriers cashes in a brace of bulkers in $75m deal Meghna Group of Bangladesh has been named by brokers as a possible buyer
Major owners find new VLCC trade routes as Strait of Hormuz and Red Sea become 'no-go zones' Combination of high rates for smaller tankers and US-Iran war is pushing VLCCs to find work elsewhere
China's CMB Financial Leasing builds $11bn shipping asset base Leasing giant says diversification and Chinese yuan finance are helping it navigate volatile markets
Maersk and CMA CGM weigh mega-boxship orders amid Red Sea uncertainty Two companies evaluating the size of the vessels they want to order
Bumbling drug smugglers nabbed after losing cocaine dumped from container ship Crime gang convicted after 500 kg of narcotic seized off UK coast
Chinese shipyards capture record share of global newbuildings as orders 'explode' First-half contracting surpasses previous annual peak, industry group says
Top Ships focuses on tanker expansion after selling megayacht bought from boss Pistiolis Greek company is exiting luxury vessel sector to pump cash into core business
West wins back A rating from S&P after clearing out costly tonnage Mutual insurer has outperformed some rivals in the past five years, according to Standard & Poor's
West wins back S&P 'A' rating after clearing out costly tonnage Mutual insurer has outperformed some rivals in the past five years, says Standard & Poor's
Iran 'seizes' damaged Dynacom tanker hit by fire in Strait of Hormuz The Kavomaleas is one of two George Procopiou-controlled vessels hit in Iranian attacks on Monday
John Fredriksen sells two construction support vessels to DOF amid fleet reshuffle Owner sells four PSVs while snapping up two high-spec vessels from Geveran
Shipping's next big investment story: Gulf nations seek a route around Strait of Hormuz bottleneck Clyde & Co lawyers look at how the redirection of global energy flows opens opportunity
Saudi tanker on fire after being hit by projectile as Houthis strike in Red Sea Houthis claim attack on two Saudi tankers in the key waterway
Cosco VLCCs head out of Red Sea with Saudi Arabian cargoes amid renewed Houthi attacks Chinese vessels approach Bab el-Mandeb strait despite Houthi attacks on two other tankers
One dead in latest Ukrainian strike on Russian-linked shipping Three more injured in latest violent incident in Black Sea
Pelagic Credit chief trumpets deals pipeline across multiple markets New chemical tanker transaction highlights growing pipeline as it expands across segments
Saudi tanker on fire after being struck by projectile as Houthis strike in Red Sea Houthis claim attack on two Saudi tankers in the key waterway
Vale shareholders tap lead independent director as new chair Predecessor had resigned after pressure from mining giant's largest domestic stakeholder
Stolt/NYK joint venture clears out older tanker tonnage with recycling sale Second tanker owned by company is also heading to India, although it is unclear if it will also end up at Alang
Renewable energy group Titan Wind breaks into shipbuilding with $277m tanker deal Shipping newcomers Thaliron Crest and Kymon Seamark inked orders for up to four aframax crude tankers
Samsung Heavy advances floating nuclear ambitions New US alliance takes marine energy project into its next phase
Seafarer missing after LNG-powered container ship explodes at Chinese port Blast occurred during berthing operation, leaving containers in river as investigation begins
UK's Aberdeen buys minority stake in Malaysian liner operator Aberdeen Group now owns a 5% stake in MTT Shipping & Logistics after buying 128.86m shares
Shipping's next big investment story: Gulf nations seek a route around Strait of Hormuz bottleneck Clyde & Co lawyers look at how the redirection of global energy flows opens opportunity
Saudi tanker on fire in Red Sea after being struck by projectile Houthis claim attack on two Saudi tankers in the key waterway
Tanker said to be on fire in Red Sea after being struck by projectile Houthis claim attack on two Saudi tankers in the key waterway
Once again, Ryder's bottom line is boosted by used vehicle sales Ryder posted a solid but not spectacular performance in the second quarter, with enough optimism for the second half of the year that the company gave a slight boost to its forecast of some key financial metrics. Ariel Rosa, an analyst at Citi, described Ryder's performance as aligning with Citi forecasts. "It was a moderate quarter given the relatively in-line print and guides," Rosa said in a q
Union Pacific posts record financial results, raises outlook Union Pacific raised its financial outlook Thursday as the railroad's second-quarter volume, revenue, and profits increased. "Strong execution and volume growth enabled another successful quarter and record financial results," Chief Executive Jim Vena said. The railroad's operating income grew 9%, to $2.8 billion, as revenue rose 12%, to $6.86 billion. Earnings per share, adjusted for the impact
BasicBlock acquires TrueNorth, expands beyond finance Freight factoring firm BasicBlock has acquired TrueNorth, an AI dispatcher and free loadboard platform, in a move signaling a significant expansion of BasicBlock's services for independent carriers. The acquisition, announced by BasicBlock on Monday, unites two prominent startups in the transportation technology sector that share a foundational philosophy aimed at independent truckers. "We starte
Norfolk Southern's earnings rise with volume gains Norfolk Southern reported stronger second-quarter profits today amid across-the-board volume growth. "A lot's changed since our last call. Most importantly the sharp inflection in volumes, initially catalyzed by the Iran conflict that bolstered our energy markets. And that strength has now spread into other markets, including domestic intermodal and industrial products," Chief Executive Mark Geor
$139M drug bust exposes broker-style cross-border trucking operation Canadian and U.S. agencies uncovered a broker-style operation using commercial transportation connections to move illegal drugs. Canadian authorities seized nearly 1.7 metric tons of illegal drugs during a cross-border investigation named Project Bay . The haul included suspected cocaine, methamphetamine and opium. Authorities estimated the products' street value above $139 million. Investigators
Staged truck crashes could bring 20 years in federal prison under new bill U.S. Sen. Ashley Moody, R-Fla., introduced legislation Wednesday targeting staged crashes involving commercial motor vehicles. The Staged Accident Fraud Prevention Act would make intentionally causing such a collision a federal crime. The proposal also covers people who organize or arrange these schemes. Attorneys, physicians and other knowing co-conspirators could also face prosecution. Bill cre
"It Ain't That Bad That I Got to Pay Somebody to Come Here." Why a Man Who Runs 65 Owner-Operators Says Sign-On Bonuses Repel the Drivers You Actually Want Sixty-five owner-operators is not the same thing as sixty-five trucks. Watch the full episode: 65 owner-operators, one standard, and a lot of hard lessons about what keeps independent contractors running your freight when they have every other option to leave. That distinction sits underneath everything Christian Martinez does. As director of operations at Voyager Nation in Mulberry, Florida, he
FMCSA Says the Broker Transparency Proposal Is Coming This Month. It Could Be the Most Important Rule for Owner-Operators in Years, or It Could Change Almost Nothing The regulation at the center of this fight is not new. It has been sitting in the Code of Federal Regulations since 1980. 49 CFR 371.3 requires property brokers to keep a record of each transaction, and it gives each party to that transaction the right to review the record. On paper, an owner-operator who hauls a load for a broker already has a federal right to see what the broker billed the ship
Tesla's $28B quarter fueled by record deliveries, Semi production ramp Tesla reported second-quarter revenue of $28.24 billion, up 26% year over year, while executives highlighted progress toward launching production of the Tesla Semi Class 8 electric truck at its Nevada manufacturing facility. Austin, Texas-based Tesla (Nasdaq: TSLA ) released its second-quarter earnings and held a conference call with analysts after the market closed on Wednesday. The company gene
Weak housing market hurts big and bulky last-mile delivery Growth in last-mile delivery for big and bulky e-commerce items has slowed by half because stagnant home sales mean people are ordering fewer large-ticket discretionary items like furniture and appliances, cutting into profit margins, according to a report from Armstrong & Associates and the National Home Delivery Association. Armstrong & Associates estimated the $10.6 billion market for resident
CN and UP reach settlement on Norfolk Southern merger Canadian National said it will not oppose the Union Pacific-Norfolk Southern rail merger in a sweeping set of deals that gives it better access to the U.S. Midwest and Mexico. Union Pacific (NYSE: UNP) will gain rights over CN's crown jewel, the former Elgin, Joliet & Eastern, which will give UP a congestion-free route around Chicago to reach Norfolk Southern's Chicago Line route to the East Coa
CSX boosts outlook on higher volume and revenue CSX raised its outlook for the year after reporting that second-quarter volume, revenue, and operating income all rose amid the ongoing traffic rebound. "We now expect full-year revenue growth in the mid to high single-digits, operating margin expansion of greater than 350 basis points, and free cash flow growth of greater than 80%," Chief Executive Steve Angel said Wednesday on the railroad's ea
First look: Norfolk Southern earnings Norfolk Southern Corp. on Thursday posted second-quarter 2026 results on Thursday that exceeded Wall Street forecasts, as the railroad benefited from stronger freight demand and increased fuel surcharges. The Atlanta-based company (NYSE: NSC ) posted an adjusted profit of $3.52 per share for the quarter, up from $3.29 per share a year earlier and the $3.31 analysts' consensus. Railway operating i
First look: Union Pacific earnings Union Pacific delivered a better second quarter in 2026, reporting higher profit and earnings per share Thursday as the railroad continued to benefit from stronger underlying performance. The Omaha-based company (NYSE: UNP) said net income increased 6% year over year to $2.0 billion, while diluted EPS improved 7% to $3.36. On an adjusted basis, the results looked even stronger. Adjusted net inco
Aurora races toward scale with new driverless hardware Autonomous trucking has historically had a manufacturing problem: proving a truck can drive itself is one hurdle; building enough of them to matter is another. Aurora Innovation ( NASDAQ: AUR ) says its second-generation hardware finally closes that gap. It is engineered for a 1-million-mile operating life and built for volume production rather than pilot-scale trials. The Pittsburgh company laun
Regulatory capacity cleanup fuels Knight-Swift's bullish outlook Regulatory authorities continued to force out non-compliant capacity in the second quarter, creating a "rapid progression in truckload market conditions," according to Knight-Swift Transportation. The carrier reported better-than-expected results on Wednesday, highlighted by contract rates that climbed throughout the period and a tender rejection rate that was twice the industry average. It expec
Texas trucker pleads guilty in failed human smuggling run A Houston commercial truck driver has pleaded guilty to transporting 24 undocumented immigrants inside a tractor-trailer after claiming he was hauling a load of carrots, according to federal prosecutors . Rodney William Gipson, 61, admitted he knowingly, or with reckless disregard, transported the undocumented immigrants despite having nearly 30 years of experience as a commercial truck driver, t
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